Page 954 - Company News

IBBI allows same RP for company and personal guarantor insolvency

The modifications to the IBBI - Bankruptcy Process for Personal Guarantors to Corporate Debtors, Regulations 2019, took effect from January 31

CAIT advises traders to switch from Paytm to other payment options

CAIT Secretary General emphasised the urgency of this advisory, urging traders to act promptly and make informed decisions to mitigate any potential adverse effects on their financial operations

Taiwan's Foxconn sees 'slightly better' 2024, warns on AI chip shortage

Foxconn Chairman said Demand for artificial intelligence (AI) servers will "of course" be good, but global economic uncertainty given geopolitical problems will affect consumer product demand

Ikea looks at investment in India after fulfilling Rs 10,500-cr promise

Currently, Ikea is operating stores in Hyderabad, Mumbai and Bengaluru and is investing around Rs 7,000 crore to enter the National Capital Region with two stores in Gurugram and Noida

BoM records highest growth in deposit mobilisation among PSU banks in Q3

Out of 12 public sector banks, only BoM and State Bank of India (SBI) could log a double-digit growth in deposits in the third quarter ended December 2023

Wage hike provisions to reach Rs 26,000 cr by March: State Bank of India

Khara said the bank has been setting aside 10 per cent each year towards salary and pension arrears so far and this adds up to Rs 13,400 crore till December 2023

After Ayodhya, SpiceJet plans to connect more tourist, religious places

Asked about the company's plan to connect Ayodhya with more locations through its network, Singh said every large and small city today wants connectivity with Ayodhya. So the plans are in the works

Force Motors plans to invest around Rs 2,000 cr in 3-4 years: MD Firodia

"On electrification the investment will be anywhere around Rs 200 to Rs 300 crore," he said, adding the first electric offering will be the Traveller Electric

Cipla eyes acquisitions, inorganic partnerships in US, European markets

Cipla MD and CEO Umang Vohra said that "derisking our top launches remains our top priority" as the company focuses on resolving regulatory issues at various manufacturing plants

Energy boost: ONGC, IOC, other oil PSUs to invest Rs 1.2 trn in FY25

The investment planned by IOC is less than Rs 31,254 crore spending in the current 2023-24 fiscal

At 100, co-op infra major ULCCS set to expand footprint beyond Kerala

The year-long centenary celebrations will be inaugurated by Chief Minister Pinarayi Vijayan on February 13

Being fintech or tech firm doesn't absolve it of regulatory oversight: MoS

A sectoral regulator has absolute authority to regulate every firm that is a regulated entity within the sector, he said

Balu Forge Industries Q3 result: Net profit grows over two-fold to Rs 25 cr

Balu Forge Industries Ltd (BFIL) on Saturday reported over two-fold rise in its consolidated net profit to Rs 25.4 crore for the December quarter, boosted by higher income.

Money laundering, KYC non-compliance led to ban on Paytm Bank by RBI

The central bank has ordered Paytm Payments Bank Ltd (PPBL) to halt most of its business including taking further deposits

Strong hiring in most industries far outpaced high-profile layoffs

So, how are both occurring at the same time? It's not as contradictory as it might seem. Recent job cuts have been concentrated mainly in just a few sectors: technology, finance and media

IndiGo issues apology after para-athlete alleges mistreatment by crew

The airlines reaffirmed their commitment to inclusivity and pledged to address the matter swiftly and transparently

IIT KGP, Ericsson announce cooperation for joint research in AI, tech

The collaboration between IIT Kharagpur and Ericsson involves the signing of two agreements, paving the way for joint research endeavours

Eicher enters small commercial vehicles segment, unveils 'EV-first' truck

The vehicle is scheduled for customer trials in April 2024, with a commercial rollout expected in the first quarter of 2025

Reliance wins IFR Asia's 'Issuer of the Year' award for record fourth time

International Financing Review (IFR) is the pre-eminent financial publication globally for fixed income, capital markets, and investment banking news, analysis and commentary

TVS Motor reiterates commitment to invest Rs 5,000 crore on future tech

TVS Motor Company, which operates in the two- and three-wheeler segments, exports close to 30 per cent of its annual volume, and has a presence in 80 countries