Company News
Coforge shares rise 8.4% on record deal, acquisition, stock split
The intraday rise, one of the highest for the mid-tier IT services company, came on a day when the broader BSE Information Technology index also rose 2 per cent
FMCG distributors file petition with CCI against Blinkit, Zepto, Instamart
Quick commerce companies are indulging in practices of deep discounts and exclusive supply/distribution agreements, thereby engaging in unfair pricing and affecting the competition, the petition said
MCA looks to simplify M&A rules, seeks inputs from other ministries
"We are in the process of doing a stakeholder discussion. Currently, the talks are being held with other ministries. We will finalise our proposal thereafter," a MCA senior official said
Elon Musk's Tesla enters Indian market with showroom in Mumbai's BKC
According to the registration documents provided by CRE Matrix, a real estate data analytics firm, Tesla's new showroom is in Maker Maxity, with a rental of Rs 35 lakh per month
PSMC 'working' to bring semiconductor fab construction companies to India
PSCM, which has partnered with Tata Group to build the country's first semiconductor chip manufacturing facility at Dholera in Gujarat, is collaborating with the latter on multiple fronts, Chu said
Goldman Sachs Asset exits Sterlite Tech, sells 2.13% stake for Rs 84 crore
Goldman Sachs Asset Management through its affiliate Goldman Sachs Funds - Goldman Sachs India Equity Portfolio sold 10.3 million shares, amounting to a 2.13 per cent stake in Sterlite Technologies
MoC inked for India's 1st API, green hydrogen, ethanol facility in Himachal
The Rs 1,400 crore-project will be set up in Baddi-Barotiwala-Nalagarh (BBN), Solan district, and is expected to create 1,000 jobs
Tata Electronics to make up display semiconductor chips in Gujarat
Tata Electronics will set up a display chip manufacturing unit in Gujarat in partnership with Taiwan-based PSMC and Himax Technologies, a top official of the company said on Wednesday.
ArcelorMittal-Nippon warns import curbs may impact India production
ArcelorMittal Nippon Steel India, a 60-40 joint venture between Luxembourg-based ArcelorMittal and Japan's Nippon Steel, did not respond to a request for comment
India Semiconductor Mission, Tata ink fiscal pact for Gujarat chip plant
The Centre through the India Semiconductor Mission, has committed 50 per cent fiscal support on a pari-passu basis for eligible project costs
CCI rejects allegations against Navodaya Vidyalaya Samiti, RailTel
It was alleged that the two entities indulged in anti-competitive practices regarding a project for integrated infrastructure and IT solutions under the PM-SHRI scheme
Bombay HC permits Adani Group firm to cut mangroves for jetty project
The HC was hearing a petition by Adani Cementation, seeking permission to cut mangroves to facilitate construction of a berthing jetty
IHC Capital's arm sells Adani Enterprises shares for Rs 1,832 crore
The shares were disposed of at an average price of Rs 2,168.1 apiece, taking the combined transaction value to Rs 1,831.82 crore
Tesla signs 5-yr lease for Mumbai showroom, to start EV sales in 2025
The rent will increase by 5 per cent every year reaching about $542,000 for the fifth year, according to the registered lease document
Aiming for 100% PC manufacturing in India in next 3 years: Lenovo
Lenovo India Managing Director Shailendra Katiyal said that of the total PC sales in India, the company manufactured 30 per cent locally, and will hit 50 per cent next year
Kandhari Global is open to buying out more bottling plants from HCCB
The company is currently in the process of acquiring HCCB's plant in Northern Gujarat, (Sanand) which is reportedly being bought out for around Rs 2,000 crore
Air India sacks trainer pilot after probe into whistleblower claims
In a statement, the Tata Group-owned airline said a detailed probe was conducted into the allegations, which were corroborated after a review of the evidence.
NCLT rejects Talwandi Power's demerger in Vedanta restructuring plan
SEPCO opposed the scheme, alleging that TSPL had concealed material information about its liabilities
Brookfield sells 1.6 GW India renewables portfolio to Gentari Renewables
The transaction, structured in two phases, has already seen the completion of the first phase, which involved the sale of 1 GW of operating assets, the alternative asset manager said in a statement
Will Byju's employees ever get their unpaid salaries? What CEO has to say
Byju CEO Byju Raveendran assures unpaid employees that salaries will be cleared 'not immediately, but eventually', as staff struggle with three months of unpaid wages and financial uncertainty
