Page 28 - Companies

Raymond reiterates commitment to protect interests of minority shareholders

Shares of Raymond have declined over 14 per cent in a month. In the past 12 trading sessions, the stock has declined 20 per cent

Apprentice skilling in IT/BFSI industry to create 5 mn jobs by 2025: Report

IT/ITES sector likely to pay between Rs 11,000 and Rs 75,000 to young apprentices

Religare board has no power to reject open offer for company: Burmans

The independent directors, however, have the powers to make a recommendation to the shareholders, lawyers said

Have no regrets about returning, despite challenges, says Disney's Iger

Iger, who came back as CEO a year ago after the dismissal of his hand-picked successor Bob Chapek, said the company has emerged from a year of "fixing a lot of things"

Philips Carbon Black to acquire Aquapharm Chemicals for Rs 3,800 crore

The acquisition of Aquapharm Chemicals Private Limited marks the company's foray into global specialty segments of water treatment chemicals and oil & gas chemicals

DB Realty promoters sell nearly 3% for Rs 301 cr; reinfuse capital

Promoters of DB Realty has sold nearly 3 per cent stake in the company for Rs 301 crore and infused back a substantial amount in the real estate firm for reduction of debt. In a regulatory filing, Mumbai-based DB Realty informed that "the Promoter Group has sold 1.46 crore shares of the company reflecting a 2.91 per cent stake in the company and have raised Rs 301 crore by sale of the said shares." The promoter group has infused back a substantial portion of the proceeds (net of tax) into the company as repayment of related party transactions and unsecured interest free loan, it added. "The funds so infused has enabled the company to retire its entire debt and therefore the company on a standalone basis shall be debt free on a standalone basis on or before 30th November 2023," DB Realty said. The company said it has been reducing debt from last few years. The company had a debt of Rs 1,373 crore (standalone) and Rs 3,140 crore (consolidated) as of September 30, 2021. "Since then

Byju's names Jiny Thattil as Chief Technology Officer, replacing Anil Goel

Jiny Thattil has previously worked at companies such as cred-owned Happay, Amazon, InMobi and GE Healthcare

After Audi, Maruti Suzuki to hike prices of its cars from January 2024

Maruti Suzuki, India's largest carmaker, did not mention the quantum of price hike

PhonePe expected to launch consumer lending by January next year: Report

PhonePe is in the final stages of integration with five banks and non-banking finance companies

BharatPe takes fresh legal action against co-founder Ashneer Grover: Report

The case is in addition to the earlier civil suit filed by Resilient Innovations against Ashneer Grover

Suzuki Motor's stake in Maruti Suzuki to rise to 58.19% from 56.48%

The board of Maruti Suzuki approved the allotment of 12,322,514 equity shares to Suzuki having a face value of Rs 5 each at a price of Rs 10,420.85 per equity share

Air compressor maker Elgi Equipments seeks $450 mn revenue by FY26

US market holding well because of the country's investments in infrastructure, says senior executive

IIT Madras reports 19% rise in internship offers for 2023-24 batch

Texas Instruments , J P Morgan Chase, Dr Reddy's Laboratories among companies that made offers

Infosys inks partnership with TK Elevator to help build AI-first strategy

As part of the engagement, Infosys said it will "consolidate, harmonise, and modernise TK Elevator's digital landscape"

New Binance CEO Richard Teng's first job is to avert customer exodus

Teng, 53, succeeded Zhao as the chief executive of the world's largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations

Tech firm UST to double headcount to 4,000 in Hyderabad with new office

US global digital transformation solutions company has more than 20,000 employees in India

Fintech start-up Kiwi raises $13 mn to expand credit on UPI offering

Kiwi has issued 25,000 credit cards until now and plans to have 0.5 million customers by the end of 2024

Tata Technologies IPO: Details of public offer opening on November 22

The Tata Technologies IPO will be open for bidding from November 22, and will conclude November 24

OpenAI's founder Sam Altman exposes the charade of AI accountability

As attempted coups go, what happened at OpenAI was a colossal failure

Sahara-Sebi refund account may be transferred to govt, says report

The funds are expected to be used for pro-poor programmes or public welfare, the report stated