Page 993 - Company News

Maruti Suzuki plans to start exports of EVs, lithium-ion battery this year

Maruti Suzuki procures the cells and models from the JV and exports them. On Thursday, the company had announced an investment of Rs 38, 200 crore to set up a second plant in Gujarat

JSW Group ties up with Finland-based Coolbrook for low-carbon emission tech

Diversified $23 billion JSW Group has a presence in sectors like energy, infrastructure, cement, paints, sports, and venture capital

Indian manufacturing unit to be operational by early 2025, says Micron CEO

"The first phase, which will include 5,00,000 square feet of plant clean room space, will become operational in early 2025," he said

Mahindra World City signs deal with Tamil Nadu to invest Rs 1,000 cr

Real estate and infrastructure company says agreement will lead to jobs for more than 2,000 people

Google VP calls on Revanth Reddy, expresses desire to work with T'gana govt

Reddy also discussed ways to improve road safety using Google Maps and Google Earth platforms, the release added

BMW India posts record sales of luxury cars, motorcycle at 22,940 units

The company's sales rose by 19 per cent last year as compared to 19,263 units in 2022

NIIF's India-Japan Fund to put Rs 400 cr in M&M's last-mile mobility arm

IJF will invest Rs 400 crore at a valuation of up to Rs 6,600 crore, resulting in ownership ranging between 6.06 per cent and 8.25 per cent stake in MLMML

Apraava Energy bags 250-MW solar project from NHPC via auction route

The project, won through the e-reverse auction mechanism at a walk-out tariff of Rs 2.53 per kWh, is scheduled to be completed within 24 months, a company statement said.

After Google, Amazon announces job cuts; hundreds to get pink slips

The latest job cuts by Amazon will impact the employees of Prime Video and Amazon MGM Studios. The news coincided with Google's similar announcement to layoff employees on Wednesday

Lakshadweep's 'one-stop' tourism guide website launched by Thrillophilia

Lakshadweep tourism: Rajasthan-based travel platform Thrillophilia has announced a dedicated online platform for Lakshadweep for all travel-related information

EVRE aims to capture 35% of commercial vehicle charging market by 2025

EVRE has set the target to secure a total of Rs 160 crore in equity by the end of 2024 to support its expansion plans

HSBC ranked first for India offshore loans in 2023 helped by Reliance deals

Data compiled Bloomberg show the British bank was the bookrunner on roughly $4 billion of US-currency transactions in 2023

Here's how the world's most valuable learning app Byju's became a trap

The group is facing an acute liquidity crunch. Amid mass layoffs and deep losses, the former billionaire founder has sold his homes to pay salaries

NCLAT rejects Jindal Power plea to allow bid for Tuticorin Coal Terminal

JPL had challenged the August 2023 order of the National Company Law Tribunal, which said JPL was "ineligible" as the CIRP Regulations prevented it from submitting any bids midway

NCLAT rejects UBI's plea to oppose Darwin Platform's bid for Lavasa Corp

The public sector lender contended for maximisation of the assets and submitted if a fresh process and fresh valuation were done, Lavasa Corporation would achieve more value

In China+1 plan, Chennai right fit for non-leather footwear majors

Several suppliers of non-leather footwear players like Nike, Adidas, Puma, and Reebok have either set up their units in Tamil Nadu or are close to sealing a deal

HPE secures financing commitments for $14 billion Juniper takeover

The financing will eventually be partially replaced 'with a combination of new debt, mandatory convertible preferred securities, and cash on the balance sheet'

Markets piggyback on Reliance Industries rally; Sensex rises 271 points

Shares of RIL rose 2.7 per cent to end at a new record of Rs 2,650, valuing the firm at Rs 17.93 trillion. The stock surpassed its previous record high of Rs 2,620 on July 20, 2023

State Bank of India raises $600 million through dollar bonds

S&P Global Ratings had assigned a BBB long-term issue rating to benchmark-sized notes that the London branch of SBI issued

Nuvama Asset Management, Cushman & Wakefield plan commercial realty fund

The fund will eye opportunities in Grade A+ office space across micro markets in the top 6 cities of Bengaluru, NCR, Pune, Mumbai, Chennai, and Hyderabad