Page 936 - Company News
IHMCL removes PPBL's name from list of banks authorised to issue FASTag
The direction followed persistent non-compliances and continued material supervisory concerns, the central bank had said in a statement
 "IHMCL removes PPBL's name from list of banks authorised to issue FASTag")
Cognizant's workforce reduces by 7,600 in 2023; 4,500 cut in India
Total global headcount of Cognizant at the end of 2023 was 347,700, with nearly 250,000 employees in India
 "Cognizant's workforce reduces by 7,600 in 2023; 4,500 cut in India")
Jet Airways founder Naresh Goyal seeks interim bail to treat cancer
In the plea moved on Thursday for interim bail, Jet Airways founder Goyal said malignancy was revealed during the tests undertaken by the private doctors
 "Jet Airways founder Naresh Goyal seeks interim bail to treat cancer")
Paytm Payments Bank curbs may have limited impact, shows data
90% of its UPI users have accounts linked with other banks
 "Paytm Payments Bank curbs may have limited impact, shows data")
59% Indian enterprises actively using AI in business activities: IBM report
27 per cent organisations actively pursuing AI technology
 "59% Indian enterprises actively using AI in business activities: IBM report")
What next for Zee Ent: The answer will only unfold in the coming months
But just getting margins back to 20 per cent does not address the real, structural changes in the market that made this merger imperative
 "What next for Zee Ent: The answer will only unfold in the coming months")
E-commerce giant Amazon exports from India crossed $8 billion in 2023
Highest-growing categories include toys, beauty products, furniture, and luggage
 "E-commerce giant Amazon exports from India crossed $8 billion in 2023")
OYO forays into sports hospitality biz, shortlists 100 hotels in 12 cities
It aims to meet needs of large sports events with a focus on providing end-to-end solutions, including providing accommodation to athletes and sports officials participating in various sports events
 "OYO forays into sports hospitality biz, shortlists 100 hotels in 12 cities")
Julius Baer India gets over Rs 300 cr; Juniper Hotels IPO opens Feb 21
Juniper Hotels, which runs hotels under the Hyatt brand, on Thursday fixed the price band of Rs 342-360 per share for its Rs 1,800 crore initial public offering (IPO)
 "Julius Baer India gets over Rs 300 cr; Juniper Hotels IPO opens Feb 21")
India Yamaha Motor recalls 300,000 scooters to rectify brake parts
The Japanese two-wheeler maker said it is recalling scooter units manufactured between January 1, 2022, to January 4, 2024, with immediate effect
 "India Yamaha Motor recalls 300,000 scooters to rectify brake parts")
NeoGrowth posts Rs 28 crore net profit in Q3FY24, revenues up 67%
The Mumbai-based company saw a 67 per cent year-on-year increase in its gross revenue from Rs 96 crore in Q3 FY23 to Rs 160 crore in Q3 FY24
 "NeoGrowth posts Rs 28 crore net profit in Q3FY24, revenues up 67%")
Premium-device sales fuel Amazon's smartphone category growth in 2023
According to Babu, premium smartphone sales are primarily being fuelled by better financing options such as no-cost and low-cost equated monthly instalments (EMIs)
 "Premium-device sales fuel Amazon's smartphone category growth in 2023")
Ather hiring investment banks for IPO this year, eyes raising Rs 3,300 cr
Ather competes with players such as Ola Electric, Bajaj, Ampere, Hero MotoCorp, and TVS Motor Company. It has been making efforts to achieve profitability as it prepares for the IPO
 "Ather hiring investment banks for IPO this year, eyes raising Rs 3,300 cr")
Carlyle Group sells 1.3% stake in Yes Bank for Rs 1,057 cr via open market
The US-based Group through its affiliate CA Basque Investments offloaded 39 crore shares of private sector lender Yes Bank on BSE
 "Carlyle Group sells 1.3% stake in Yes Bank for Rs 1,057 cr via open market")
HCLTech tells DFS employees to report to office 3 times in a week
Further, the communication said that freshers undergoing training will be required to work from office all five days a week, in order to get a complete learning experience
 "HCLTech tells DFS employees to report to office 3 times in a week")
Subramanian Swamy moves Delhi HC seeking probe against Axis Bank
Subramanian Swamy has filed a Public Interest Writ Petition against the Union of India, Axis Bank, Axis Securities Limited, Axis Capital Limited, and others before the High Court of Delhi
 "Subramanian Swamy moves Delhi HC seeking probe against Axis Bank")
RECPDCL hands over Pachora Power Transmission SPV to GR Infraprojects
The special purpose vehicle (SPV) Pachora Power Transmission was handed over to the successful bidder GR Infraprojects in the presence of senior officials from RECPDCL
 "RECPDCL hands over Pachora Power Transmission SPV to GR Infraprojects")
Anil Agarwal's Vedanta Resources sells stake worth Rs 1,737 crore
Finsider International, part of billionaire Anil Agarwal-led Vedanta Resources, sold more than 65.5 million Vedanta Ltd shares at 265.14 rupees each, the data showed
 "Anil Agarwal's Vedanta Resources sells stake worth Rs 1,737 crore")
Metalbook targets $200 million ARR by FY24, plans IPO in 4-5 years
"Metalbook is anticipated to achieve an annualized revenue run rate of USD 200 million by the end of FY24, demonstrating a growth of over 15 times in the past two years," it said in a statement
 "Metalbook targets $200 million ARR by FY24, plans IPO in 4-5 years")
Canara Robeco Mutual Fund launches fund on manufacturing theme
The tailwinds are emerging from several fronts - policy reforms like Production-Linked Incentive (PLI) and Make in India, global supply chain diversification, investments and capacity utilisation
 "Canara Robeco Mutual Fund launches fund on manufacturing theme")