Page 45 - Companies News

TCS, Infosys have highest exposure to US regional banks: JPMorgan

Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil

Sterlite Power bags green energy transmission project in Rajasthan

Sterlite Power on Friday said it has bagged a green energy transmission project in Rajasthan

PhonePe raises $200 mn additional funding from Walmart at $12 bn valuation

New funding is part of PhonePe's ongoing capital raise of up to $1 bn, following its domicile shift to India last year

'The day my heart is not 100% committed': TCS's Gopinathan explains exit

Gopinathan said TCS is the market leader in its space, and has given industry-leading results

TCS 'won't make any change', focus on principles: CEO designate Krithivasan

Krithivasan's time of taking over is interesting, especially with the agenda already being set

Air India makes another voluntary retirement offer for non-flying staff

The plan is aimed at putting Air India on a path of sustained growth, profitability and market leadership

Questions raised over Gautam Adani sibling Vinod's related party status

According to legal experts, while the definition of related parties varies among regulators, it is unusual for a promoter-group entity to not be classified as one

Tata Consumer nixes talks with Chauhans on Rs 7K-crore Bisleri deal

The companies could not agree on valuation, say sources

Adani Transmission integrates Adani Electricity Nashik for distribution biz

Adani Transmission has incorporated an arm, Adani Electricity Nashik Ltd, for distribution business in the Nashik area

Beijing monitors share prices of Indian companies linked to Chinese biz

China's financial market regulators are monitoring the over valuation of India-listed companies which have business dealings with Chinese-origin companies in Asia

Deepak Bagla resigns as managing director and CEO of Invest India

Bagla was at the helm of Invest India since 2015. Earlier, he had stints at World Bank, Citibank, and private equity firm 3i Group

Cement firms may invest Rs 1.2 trn to add 145-155 MT capacity by FY27

With 570 million tonne (mt) of installed capacity, India is the world's second-largest cement producer after China

Air India offers voluntary retirement scheme to its staff, excluding pilots

This is the second such offer since the takeover of the airline by the Tata Group in January 2022, and will remain in force till April 30

Shares of seven Adani Group end higher, Adani Enterprises jumps 2%

Also, shares of Adani Ports and Special Economic Zone (APSEZ) gained 0.14 per cent to settle at Rs 680.10 per scrip on the BSE

Ford recalls 1.5 mn vehicles in US to fix leaky brake hoses, wiper arms

The largest of two recalls covers nearly 1.3 million 2013 through 2018 Ford Fusion and Lincoln MKX midsize cars

CCI allows AGI Greenpac to acquire Hindusthan National Glass & Industries

AGI Greenpac has received approval from Competition Commission of India for the proposed acquisition of Hindusthan National Glass & Industries Limited through Corporate Insolvency Resolution Process

GAIL signs agreement with Shell Energy India for ethane production

GAIL India has signed an agreement with Shell Energy India Private Limited to explore opportunities for infrastructure development for ethane sourcing

CARS24 launches engineering research & development centre in Bengaluru

The AI-powered algorithms used by the centre will ensure accurate vehicle valuation, the company said

Electric two-wheeler maker Kabira Mobility secures $50 million funding

Electric two-wheeler maker Kabira Mobility on Friday said it has secured USD 50 million (around Rs 412 crore) funding from Qatar-based Al-Abdulla Group

PhonePe raises Rs 1,649 crore in additional funding from Walmart

This new funding comes as a part of PhonePe's ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year