Page 941 - Company News

Colliers to construct Infibeam Avenues' $10 mn AI, tech hub in Ahmedabad

The AI hub will be established within GIFT City, Gujarat, with the Ahmedabad campus serving as an extension, slated to be operational within 18 months

JSW Steel forms JV with Japanese firm to produce steel variety in India

New company will be set up with a planned investment of Rs 5500 cr

Infrastructure major L&T bags 'significant' orders in Middle East

Infrastructure major Larsen & Toubro (L&T) on Tuesday said that its hydrocarbon division has bagged "significant orders" from a client in the Middle East

IT services provider LTIMindtree grooming two insiders for CEO job

Chief Operating Officer Nachiket Deshpande and President Sudhir Chaturvedi are the front-runners for the role

Ashok Leyland's shareholding in UK-based Optare Plc increases to 92.59%

In November last year, Ashok Leyland announced that it would invest Rs 1,200 crore in its electric vehicle arm Switch Mobility, through Optare Plc

To break glass ceiling', Tata Steel invites applications from transgenders

Tata Steel has taken a "significant step towards promoting inclusivity" by inviting applications from transgender candidates for various positions across multiple locations

Paytm Bank's independent director resigned due to personal reason: Paytm

She resigned from PPBL a day after RBI issued an order to Paytm Payments Bank to stop accepting deposits

Ant Financial's stake value declines to Rs 2,742 crore on Paytm woes

The Chinese company, however, had sold its stake worth Rs 8,293 crore in three tranches over the one year thus saving a major part of its portfolio from the meltdown

AI frenzy puts Nvidia briefly ahead of Amazon in market value: Report

The last time Nvidia was more valuable than Amazon was in 2002, when they were each worth under $6 billion

HP seeks $4 bn in losses from founder Lynch over autonomy fraud: Report

Founder Mike Lynch was found to have inflated Autonomy's revenue alongside his chief financial officer Sushovan Hussain

We want to take strategic positions in proximal markets: ITC's Sanjiv Puri

Puri told Business Standard in a recent conversation that the company would increasingly try to go outside India

Tata Power stock likely to remain subdued in near-term; here's why

The company is focussed on tapping the market for high-margin captive renewables opportunities, exploring brownfield pumped hydro storage, and expanding the transmission business beyond distribution

Unilever CEO Schumacher says board member Peltz backs strategic changes

When Unilever reported fourth quarter earnings last week, some investors and analysts said it was still not regaining lost market share quickly enough

A fresh twist: Next Orbit, ISMC give Tower Semiconductor legal ultimatum

The communication was sent on January 24, but late last week there were reports that Tower had applied to the Indian government to set up a fab plant that will make chips of 40-65 nanometres

Akasa Air cancels 10 flights in two days, says it is an 'aberration'

The carrier was not getting adequate slots for training pilots who have joined it, said sources

IndiGrid plans to raise Rs 1,000 crore for acquisitions, debt rejig

IndiGrid has announced the acquisition of 100 per cent of ReNew Solar Urja Private Limited (RSUPL). The deal is expected to be valued at Rs 1,650 crore

Exim Bank looks to raise up to $1 billion in FY24 for commercial lending

The liquidity is comfortable in the international market, and the conditions are better for Indian entities than a few months ago in terms of raising resources, Bangari said

Do not have any pilot shortage: Akasa Air founder and CEO Vinay Dube

The airline, which has a 23 Max aircraft in its fleet, cancelled a few flights on Sunday and Monday due to operational reasons. These cancellations were not due to lack of sufficient number of pilots

PE majors Blackstone, ChrysCapital join race to buy Healthium Medtech

The company is generating good response from the potential bidders as it is focusing primarily on products in surgical and post surgical as well as chronic care

No review of action on Paytm Payments Bank: RBI governor Shaktikanta Das

RBI governor says decision follows full evaluation of the firm's ops