Page 76 - Companies

Samung joins South Korean govt's $400 billion bid to lead in key tech

The company plans to build five memory and foundry fabs in a new chip cluster in Yongin by 2042, where it seeks to attract more than 150 local and foreign chip companies

Donald Trump's Truth Social cuts staff as it awaits merger approval: Report

Some close to Trump Media estimate it can fund operations through September at present spending levels, according to the people

HSBC Holdings to buy Silicon Valley Bank's UK arm for £1 in tech repreive

The London-listed lender's "ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1," HSBC said in a statement Monday.

Fitch Affirms 'BBB-' ratings for Adani Electricity Mumbai's dollar bond

Hindenburg report has limited near-term impact on cost of funding

Blackstone sells 20.50% stake in Sona BLW Precision for Rs 4,917 crore

Private equity firm Blackstone on Monday sold its 20.50 per cent stake in auto component maker Sona BLW Precision Forgings for Rs 4,917 crore through an open market transaction. Blackstone, through its affiliate Singapore VII Topco III Pte Ltd offloaded the shares in Sona BLW. Singapore VII Topco III Pte is a promoter entity in Sona BLW. Monetary Authority of Singapore, Government of Singapore, BNP Paribas Arbitrage, Fidelity Asian Values Plc, Societe Generale, among others were the buyers of the shares. According to bulk deal data available with the BSE, Singapore VII Topco III Pte offloaded 11,99,25,641 shares, amounting to 20.50 per cent stake in the company. The shares were sold at an average price of Rs 410.04 apiece, taking the transaction value to Rs 4,917.43 crore. As of December 2022, Singapore VII Topco III Pte owned 20.50 per cent stake in the company. On Monday, shares of Sona BLW Precision Forgings closed 6.93 per cent lower at Rs 405.80 apiece on the BSE.

Koo launches new feature to enable creators to compose posts using ChatGPT

India's microblogging platform Koo on Monday announced that it has launched a new feature to enable creators to compose and draft posts using ChatGPT. The feature is available to eminent or verified profiles on Koo and will be rolled out to all users soon, it said in a statement. With the ChatGPT integration, creators will be able to leverage the power of AI (Artificial Intelligence) to help draft their Koos. "The generative AI feature will provide multiple use cases for creators such as finding the top news of the day or asking for a quote from a well known personality or even asking for the post or a blog to be written on a particular theme all within the draft section," it said. Creators will be able to type their prompts to ChatGPT within the app or use Koo's voice command feature to give their voice prompt without typing. Mayank Bidawatka, Co-Founder of Koo said, "We are always looking for ways to make content creation easy for our users and the integration with ChatGPT will

BharatPe strongly denies out-of-court settlement talks with Ashneer Grover

Fintech platform BharatPe on Monday said that there are no settlement talks going on between the company and its former founder and Managing Director Ashneer Grover

GAIL declares interim dividend of 40% for financial year ending 2022-23

India's largest gas firm GAIL on Monday declared an interim dividend of 40 per cent or Rs 4 per equity share for the financial year ending March 31 (2022-23). The total dividend payout would be Rs 2,630 crore, the company said in a statement after its board of directors approved payment of an interim dividend. GAIL chairman and managing director Sandeep Kumar Gupta said the company has been providing shareholders with a steady long-term returns on their investments. The government of India, with 51.52 per cent shareholding in the company, will receive Rs 1,355 crore dividend.

SaaS firm Freshworks says exposure to Silicon Valley Bank minimal

Chennai-based company says 'vast majority' of its finances not held at failed US lender

Billions worth of crypto trades at risk as shutdown of 3 banks takes toll

On Sunday, regulators in New York closed Signature Bank. As of March 8, the bank still held $16.5 billion in crypto-related deposits

Managing director Mohanty named LIC interim chairperson as Kumar era ends

Takes charge on March 14 for three months, faces challenges of LIC's falling market share and share price, apart from depleted value of its holdings in Adani group

Government of Gujarat promoted companies: A success story

The state is consistently ranked among top three in terms of attracting capital investment including foreign direct investment

Study shows online 'personal brands' are key to job success for Gen Z

Generation Z, people born between 1997-2012, perceive online "personal brands" as a crucial tool to gain more advantage in job markets, new research reveals

Godrej Industries plans to raise Rs 1,000 cr via bonds pvt placement basis

Godrej Industries, part of Godrej Group, plans to raise Rs 1,000 crore through an issue of bonds on a private placement basis. "The management committee of the board of directors of the company has on March 10, 2023, inter alia, approved the placement memorandum/ information memorandum for issuance of up to one lakh rated, listed, unsecured, redeemable, NCDs (Non-Convertible Debentures) having face value of Rs one lakh only each, aggregating up to Rs 1,000 crore on private placement basis," said Godrej Industries in a late-night regulatory filing on Friday. The issue has been divided into two tranches of 25,000 NCDs with a face value of Rs 1 lakh each. Each series will have an aggregate nominal value of up to Rs 250 crore with an option to retain over-subscription up to Rs 250 crore aggregating up to Rs 500 crore. Godrej Industries operates in the businesses of Oleochemicals, surfactants, finance & investments and estate management. It has substantial interests in several ...

Margin pressure for consumer electrical companies to continue in Q4

Volumes key as costs rise and firms refrain from hiking prices of products

Why is everyone talking about SVB? Here's all that you need to know

Events snowballed after Silicon Valley Bank announced a share sale to shore up its finances, following a significant loss on its portfolio

Vodafone Group, Three UK putting final touches on tie-up with Britain

Talks are ongoing and no final decisions on the structure of the merger or timing of any announcement have been made

Barclays silent as JPMorgan distances itself from Epstein-linked Jes Staley

With Staley contesting the findings of the UK regulatory probe, the British lender is maintaining a steady silence even as questions mount about its decision making over his departure

Byju's to raise $250 mn via convertible notes in Aakash pre-IPO funding

The pre-IPO round at Aakash will help the startup to tide over a liquidity crunch as talks to raise funds at a parent level are getting delayed with a prolonged due diligence process

As Air India restarts its hockey team, a look at Tata's sporting legacy

Some of India's top hockey and football talent has come from the ecosystem the conglomerate as nurtured