Page 995 - Company News

Adani Group to invest Rs 2 trn in Gujarat in next 5 years: Gautam Adani

Adani said the group has already invested over Rs 50,000 crore out of the Rs 55,000 crore investment committed by 2025 at the previous summit

NBCC gets Rs 218 crore order from National Institute of Fashion Technology

The nature of work order is project management consultancy (PMC) on a deposit work basis

REC to issue multiple-tenor bonds to raise up to 10 billion rupees

REC plans to raise up to Rs 1,000 cr ($120.43 million), including a greenshoe of Rs 500 crore billion, through bonds maturing in over three years

Shyam Metalics and Energy Limited raises Rs 1385 crore through QIP

City-based Shyam Metalics and Energy Limited (SMEL) announced that it has raised Rs 1,385 through Qualified Institutional Placement (QIP)

Simmtech preparing for another colocation investment with Micron: CEO Chun

"The Vibrant Gujarat Global Summit 2024 showcases the global movement of creating a new supply chain network in a fast growing nation like India," Global CEO Jeffery Chun said

Yotta's AI data centre in GIFT City to be commissioned before March: Nvidia

The Ahmedabad-educated Trivedi said sovereign generative AI requires scalable data centres and added that generative AI will impact everybody in the future

Puravankara Q3 sale bookings rise 56% to Rs 1,241 cr on higher volumes

In area terms, the sale bookings rose 80 per cent to 5.01 million sq ft in the first nine months of this fiscal from 2.79 million sq ft in the year-ago period

Paytm to invest Rs 100 cr in GIFT City to build global payments system

Service will 'reduce friction' in cross-border remittances, says fintech company ahead of Vibrant Gujarat summit

Japan's Suzuki to invest Rs 35,000 crore for second car plant in Gujarat

Japanese carmaker Suzuki Motor will invest 350 billion rupees ($4.21 billion) for a second car plant in India's Gujarat state, its president said on Wednesday at an investment summit in India

ArcelorMittal to build world's single largest steel site at Hazira by 2029

Vibrant Gujarat Summit 2024: ArcelorMittal signed MoUs with Gujarat govt for phase two of the Hazira plant during the summit

Sony Group continues talks on merger with Zee amid reports on disputes

Sony Group and Zee Entertainment have faced disputes over the choice of the merged unit's CEO. However, terms of the deal are expected to be clarified by January 21

In talks with multiple prospective buyers of gaming assets: ByteDance

The firm stopped working on unreleased games and planned to divest of titles already launched, people familiar with the matter told Reuters at the time

Paytm to invest Rs 100 cr in GIFT City to build global financial ecosystem

Paytm also plans to set up a development centre in GIFT City to build the above solutions and provide a technology backbone

Apple veteran Saori Casey to join Sonos as chief financial officer

Casey spent more than a dozen years at Apple, where she served as vice president of finance

Juniper shares climb 23% as Hewlett Packard Enterprise nears $13 bn deal

Juniper has a market value of about $9.6 billion as last close of $30.22. The company's shares were trading at $37.25 on Tuesday, while Hewlett Packard Enterprise's stock fell nearly 8%

Walmart experiments with AI to enhance customers' shopping experiences

Walmart executives said no other rival has gotten this close to this type of drone concentration of households in a big metro market

Boeing investigation focuses on door panel as carriers find loose parts

The bolts were meant to secure the door panel that suddenly broke loose on Jan. 5, when Alaska Airlines Flight 1282 was climbing toward cruising altitude with 171 passengers aboard

Indian Bank to float operations support subsidiary, aims to optimise cost

Two large public sector banks - State Bank of India and Bank of Baroda -- have already formed such units for servicing customers in rural and semi-urban areas

Microsoft's OpenAI investment risks merger probe, say EU regulators

The U.S. software giant, which last year committed to invest over $10 billion into OpenAI with a non-voting position on the board, has said it does not own any portion of OpenAI

LIC drives new business premium growth in December 2023, shows data

Life insurance sector collects 44% higher premium