Page 29 - Companies

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

Altman will not return to OpenAI, ex-Twitch boss Shear to be interim CEO

Shear co-founded Twitch and had stepped down from the Amazon.com Inc.-owned live video streaming platform earlier this year.

FMCG major Nestle India on track to launch plant-based protein products

'I am not looking to launch whole chicken or fish, but products more relevant to the Indian market,' Suresh Narayanan said, while refusing to divulge more details

Siemens AG to buy 18% stake in Indian joint venture for $2.28 billion

Once the demerged entity is listed, Siemens Energy is to ultimately acquire a controlling stake in the demerged energy business

NITES files complaint against TCS over forced transfer of employees

The Nascent Information Technology Employees Senate (NITES) filed a complaint against Tata Consultancy Services over involuntary transfers of over 2,000 employees

Talent crisis forcing companies to shell out big bucks for legal experts

Company officials said an ever-evolving regulatory environment, increasing focus on corporate governance, and constantly changing GST structures have catalysed the clamber for legal talent

Aster DM Healthcare Q2 results: Consolidated revenue rises 17.7%

On a sequential basis, the company exhibited a 3.15 per cent increase in revenue along with EBITDA, which grew 21 per cent year-on-year

Siemens to acquire 18% in Indian arm from Siemens Energy for 2.1 bn euros

With this, the company's total stake in its Indian arm will jump to 69 per cent from 51 per cent earlier

IIM Ahmedabad study finds significant improvement in firms post IBC

The study found that hotels and restaurants have had the highest recovery rate for creditors under the IBC while electricity, gas, and water supply firms have the lowest recovery rates