Page 30 - Company News

Govt finalises affidavit in Apple case, submission to Delhi High Court soon

The CCI guidelines said that it would calculate the penalty amount up to 30 per cent of the average relevant turnover based on the nature and gravity of the contravention

Galaxy Health Insurance launches Galaxy Twin 360 with IPD and OPD cover

Galaxy Health Insurance has launched Galaxy Twin 360 for young adults, combining inpatient cover with outpatient benefits and wellness services to improve renewals and long-term adoption

Kavach expansion puts ₹50,000 crore train protection market in play

In addition, the companies are targeting export markets, including Southeast Asia, Africa, and West Asia, that may boost their business in the long run

AI influencing growth and cost, says Bharti Airtel CTO Randeep Sekhon

Bharti Airtel CTO Randeep Sekhon explains how AI is boosting network efficiency, cutting costs, improving customer experience and preventing real-time fraud across Airtel's operations

IndiGo beats Air India group in international scheduled flights, seats

IndiGo increased its seats from 7.4 million to 8.6 million

NARCL recovery tally rises to ₹4,192 crore as resolution gains pace

Government-backed bad bank sees sharp rise in resolution pace, acquires Rs 1.62 trillion in stressed debt

Swiggy raises ₹10,000 crore via QIP, cash balance touches ₹17,000 crore

Out of more than 80 investors who showed interest, allocations were made to 61 investors, of which over 15 are new shareholders, according to the company

SBI aims to double YONO app users, plans significant investment: Chairman

State Bank of India Chairman C S Setty has said that the bank is targeting to double its YONO app user base to 20 crore over the next two years with the launch of a new version on Monday. YONO 2.0 is a significant upgrade, offering a better experience for customers and a robust digital platform for the bank, and full fledged features will be rolled out over 6-8 months, he told PTI in an interview. "From a bank perspective, YONO 2.0 is a key anchor of digitalization, with a common code for internet banking and mobile banking. This allows for seamless integration across channels, enabling SBI to launch new products and processes quickly. The bank aims to leverage YONO 2.0 to enhance its digital presence and customer engagement," he said. For example, he said, YONO 2.0 developed a common core for customer journeys, which will ensure a seamless experience across internet banking, mobile banking, and branch channels for account opening or any other transaction. "Today, we have almost 10

Govt has infused over ₹3,100 crore in women-led startups in 6 years

Piyush Goyal also mentioned that while the country is home to over 2 lakh government-recognised startups, nearly 48 per cent of these startups have at least one woman director or partner

Brookfield to invest $1 bn to develop Asia's largest GCC in Maharashtra

The 2 million sq ft campus, set for 2029 completion, will create over 30,000 jobs and house a multinational bank's GCC

IndiGo moves Delhi High Court seeking ₹900 crore Customs duty refund

IndiGo has approached the Delhi High Court seeking a refund of over ₹900 crore paid as customs duty on aircraft engines and parts re-imported after repairs abroad, alleging double levy and illegality

Larger HC Bench clears way for export of semaglutide generics by Dr Reddy's

Novo Nordisk's appeal was listed for hearing on Friday before a bench of Justice C Hari Shankar and Justice Om Prakash Shukla

Tata Steel aims to cushion impact of higher iron ore costs after 2030

Tata Steel is boosting upstream options, expanding downstream capacity and improving efficiency to manage higher iron ore costs expected after its captive mines go up for auction in 2030

Novo Nordisk challenges HC order permitting Dr Reddy's semaglutide exports

Novo Nordisk's appeal is listed for hearing on Friday before a bench of Justice C Hari Shankar and Justice Om Prakash Shukla

Disney invests $1 bn in OpenAI, to license characters for Sora video tool

As part of the licensing deal, Sora and ChatGPT Images will start generating videos using licensed Disney characters such as Mickey Mouse, Cinderella and Mufasa, from early next year

JSW Energy board clears plan to raise up to ₹10K crore via securities

JSW Energy's board on Friday approved the proposal of raising up to Rs 10,000 crore in one or more tranches, through issuance of securities on private offerings, qualified institutions placements, or any other method or combination thereof. The board in its meeting on Friday also approved the proposal of issuance of 95,23,809 equity shares, on a preferential issue basis, to JTPM Metal Traders Ltd, a member of the Promoter Group (JTPM) at an issue price of Rs 525 per equity share, including a premium of Rs 515 per equity share, a regulatory filing said. According to the filing, the board has also approved issuance of 4,76,19,047 warrants, on a preferential issue basis, to JTPM, with each warrant carrying a right exercisable by the warrant allottee to subscribe to one equity share per warrant, for cash consideration, at a price of Rs 525 per warrant (including a premium of Rs 515 per warrant). The board approved "the raising of funds of up to Rs 10,000 crore in one or more tranches, .

AI-driven growth of TCS makes its M&A strategy more aggressive

TCS's $700-million buyout of Salesforce firm Coastal Cloud highlights a stronger AI-focused M&A strategy, but analysts view the valuation as steep and note the market's muted response

Modi Naturals plans up to ₹100 crore FMCG acquisitions after NSE listing

Modi Naturals aims to acquire brands in ready-to-eat and healthy snacks as it grows its FMCG portfolio, saying its NSE listing will improve visibility, liquidity and investor reach

SPF plans to work with govt to retain, draw deeptech talent back to India

The Startup Policy Forum is working with the government on a scheme to retain and bring back high-tech talent, while deeptech start-ups seek fixes to procurement rules and certification delays

L&T eyes global nuclear supply chain as demand for clean energy rises

The company eyes sharp international growth as nuclear demand accelerates