Page 788 - Company News

Lessor moves insolvency plea before NCLT against SpiceJet over $12 mn

Earlier, ELF had approached the Delhi High Court against SpiceJet in 2023 after terminating the lease for two engines and sought possession

Shinhan Bank receives CCI approval to acquire 11% stake in HDFC Credila

Part of the Shinhan Financial Group, Shinhan Bank Co Ltd is a multinational bank, which commenced operations in India in 1996

After encouraging Q4, outlook positive for public sector insurer LIC

LIC has an industry leading position despite the aggressive catch up from private competitors

How AI made Meta CEO Mark Zuckerberg popular again in Silicon Valley

Many developers and technologists have embraced the Meta chief as their champion of 'open-source' artificial intelligence

RBI imposes business restriction on Edelweiss group's EARCL, ECL Finance

ECL has been accused of not maintaining arm's length with other group companies

Aditya Birla Capital infuses Rs 300 crore in housing finance arm

The company is making the investment in ABHFL to meet its growth, funding requirements and improve its leverage ratio, Aditya Birla Capital said in a regulatory filing

SP Group backed platform sells Hyderabad project for Rs 2,200 crore

Singapore's GIC is said to have bought the stake in the TSI Business Parks (Hyderabad) Pvt Ltd, the sources said

Trial to triumph: Adani Group firms echo message in latest annual reports

Five Adani group listed entities - NDTV, Adani Ports and SEZ (APSEZ), Ambuja Cements, Adani Energy Solutions and Adani Green Energy (AGEL), have released their annual reports so far

Reliance Retail's JioMart to deliver groceries in 30 mins from next month

May expand half hour delivery to electronics and fashion categories

Deepening presence in Tier-III may be Dr Lal PathLabs' growth pill

Manchanda highlights that the 'white-spaces' for them are going deeper in strong markets

Suzlon Group bags 551 MW wind energy project from Aditya Birla Group

The order is to be executed across two sites in Rajasthan and Gujarat, Suzlon Group said in a statement

Varanasi, Detroit, Venice to host Toyota's $9 mn sustainability initiative

Varanasi faces challenges managing the influx of pilgrims and tourists, particularly regarding safety and accessibility in crowded areas

Meta removes accounts in China, Israel pushing content likely made by AI

Meta, the parent of Facebook, Instagram and WhatsApp, has seen threat actors rely on AI to produce fake images, videos and text in an effort to influence users on its sites

Tesla's $56 bn pay package for Elon Musk opposed by Calpers CEO Frost

Musk criticized Frost's remarks, saying in a post on his social media platform X that the pension fund 'is breaking their word'

Sony in talks to buy Queen's music catalog in potential $1 bn deal

Sony is working with another investor on a purchase that could potentially total $1 billion, people familiar with the matter said, asking not to be named discussing confidential information

Covid vaccine maker BioNTech gets $145 mn funding for plant in Africa

A future African network could produce affordable vaccines to fight malaria, mpox, tuberculosis or other health threats, they added

Realty major Prestige Estates aims for 30% increase in sales in FY25

The management said it has about Rs 60,000 crore worth of launches in the pipeline, and these projects have been designed and locked in for approval

RBI imposes Rs 36.38 lakh penalty on HSBC for violating Fema regulations

The central bank said reporting requirements under the Liberalised Remittance Scheme of FEMA, 1999 were not followed by HSBC

PMI Electro Mobility faces subsidy fraud allegations under FAME scheme

The Ministry of Heavy Industries has now formed a team for a second probe into the allegations against PMI Electro

Consulting firm PwC to be largest customer of OpenAI's enterprise product

PwC will provide the product, ChatGPT Enterprise, to around 100,000 of its employees in the USA and the UK