Page 990 - Company News

Wipro optimistic about next fiscal owing to AI to reduce operating costs

'Most client conversations are about cost-saving efforts and there is a conversation every time about AI,' Suzanne Dann said in an interview at the World Economic Forum in Davos, Switzerland

NCLAT sets aside notice against lenders over liquidation without bids

The appellate tribunal said there is an "error in the approach" of the National Company Law Tribunal (NCLT) for taking a decision regarding the liquidation of a corporate debtor

Mahindra Aerostructures to supply 5,000 varieties of components to Airbus

The latest award from Airbus Aerostructures GmbH covers all Airbus commercial aircraft models, including A320 family aircraft, Mahindra Aerostructures Pvt Ltd (MASPL) said in the statement

Indel Money launches fourth public issue of NCDs, aims to raise Rs 200 cr

The company had launched three public issues of NCDs since 2021 and raised more than Rs 260 crore

RPSG Ventures to raise Rs 284.21 crore through preferential issue allotment

The issue price is Rs 795 per share, including a premium of Rs 785 per share, it said in an exchange filing

Telangana signs deals worth Rs 12,400 cr with Adani Group at Davos summit

Business conglomerate commits investments in data centre, energy storage, cement plant

250,000 investors in Sahara cooperatives got refund worth Rs 241 cr: Shah

In March last year, the Supreme Court directed transferring Rs 5,000 crore from Sahara-Sebi refund account to the Central Registrar of Cooperative Societies (CRCS)

Tata Motors urges India to keep hybrid tax as Toyota seeks cut -sources

The lobbying is the latest by Tata aimed at protecting its dominant EV market share. Tata is also pushing back against Tesla's attempts to secure lower levies for imported EVs, Reuters has reported

SoftBank fully exits Policybazaar parent, collects $650 mn in returns

SoftBank had invested about $200 million in PB Fintech. In Dec 2023, Softbank's arm SVF Python II (Cayman) divested a 2.5 per cent stake in Policybazaar's parent firm PB Fintech for Rs 914 crore

Ola Electric gets domestic value addition certificate under auto PLI scheme

The company claimed it has become the first Indian two-wheelers company to receive the DVA certificate under the PLI scheme

Web Werks to set up Rs 20,000 crore data centre park in Bengaluru

A delegation from the state, headed by Patil, engaged in a series of deliberations with industry leaders during the WEF Meet 2024 in Switzerland

LTIMindtree Q3 results: Profit rises 16.8% to Rs 1,169 cr, misses estimates

Consolidated net profit of India's sixth-largest IT company rose 16.8% to 11.69 billion rupees ($140.63 million) for the three months ended Dec. 31, 2023

JSW to invest Rs 9,000 crore for setting up 1,500 MW pumped storage project

JSW Neo Energy, a wholly owned subsidiary of JSW Energy that focuses on renewable and new energy solutions, will be responsible for setting up the proposed project in Telangana

Jindal Power offers Rs 4,203 crore for distressed coal-fired power plant

Adani Power had last month quoted 41 billion rupees ($493.38 million) for the 1,980-megawatt power plant in central India ensnared in insolvency proceedings

Apollo Supply Chain launches e-commerce fulfilment, D2C shipping service

The company said it plans to expand its network for even swifter and efficient logistics services

BHEL gets 2,400 MW greenfield power project from NLC India in Odisha

This is the largest power sector order won by the company through competitive bidding, BHEL said in a statement

EV industry sales growth to moderate to 40-45% this year: Tata Motors

As for Tata Motors, he said with five EV products lined up for launch, the company expects to beat the industry growth rate

L&T Construction wins contracts for housing, hotel projects in India, Oman

L&T will construct Economically Weaker Section housing, 14 towers and related infrastructure works in Navi Mumbai over a period of 42 months. It bagged the project from the Maharashtra government

SBI Chairman Dinesh Khara backs move to curb 'unhealthy' loan growth

Meanwhile, SBI is evaluating if it needs more capital, Khara said. It's exploring raising capital through additional Tier-1 bonds after recently issuing Tier II bonds, he said

Govt cancels foreign funding license of Centre for Policy Research

CPR, a not-for-profit organisation which conducts research on a range of policy issues in India, said it was in "complete compliance" with the law and will seek remedy in every way possible