Companies

‘Tesla will be in India as soon, I’m a fan of Modi’: Elon Musk after meeting PM in New York

June 21, 2023 11:39 IST

"I am confident that Tesla will be in India and will do so as soon as humanly possible," Elon Musk said.

IIFL Securities to approach SAT against Sebi order on taking up new clients

June 20, 2023 16:40 IST

The statement comes after Sebi on Monday barred IIFL Securities from onboarding new clients for two years for alleged mis-utilisation of client funds.

Hyundai Motor to invest $85 billion by 2032 to accelerate EV plans

June 20, 2023 14:32 IST

The car maker said it plans to spend about 35.8 trillion won on EVs in the period to 2032, targeting the sale of 2 million EV units annually by 2030.

Japan’s Suzuki Motor Corp to make ‘flying cars’ with SkyDrive

June 20, 2023 11:27 IST

The companies will use a Suzuki Group factory in central Japan to make electric vertical take-off and landing (eVTOL) aircraft and aim to begin production by around spring next year, Suzuki said in a statement.

Alibaba Group says Eddie Wu to succeed Daniel Zhang as CEO

June 20, 2023 11:21 IST

Earlier this year, after a tumultuous two years that saw Alibaba heavily targeted by increased regulatory scrutiny, the firm said it would restructure into six units, each with their own boards and CEOs.

Adani Transmission gets shareholders’ nod to raise up to Rs 8,500 crore

June 19, 2023 16:13 IST

The Adani group company had sought shareholders' approval through postal ballot to raise up to Rs 8,500 crore by way of qualified institutional placement through issuance of equity shares.

Airbnb inks pact with tourism ministry to promote heritage stays, cultural tourism

June 19, 2023 14:50 IST

Airbnb will partner the ministry in its vision to promote inbound tourism as a part of its 'Visit India 2023' initiative.

Berkshire Hathaway adds to Japan trading company holdings

June 19, 2023 13:21 IST

Berkshire announced stakes in Itochu, Marubeni, Mitsubishi Corp, Mitsui & Co and Sumitomo in 2020 and adding in line with plans to hold the stakes long term and increase them as far as 9.9 per cent.

Sebi calls for urgent action against Zee Entertainment promoters in its reply to SAT

June 19, 2023 10:20 IST

Sebi in its reply to SAT on the Zee Entertainment's plea has called for urgent action against the promoters in the alleged fund diversion case to safeguard the management, investors and other stakeholders.

Adani Group set to acquire train booking platform Trainman

June 17, 2023 17:17 IST

The financial details of the transaction were not disclosed

Crypto exchange Binance to leave Netherlands

June 16, 2023 15:11 IST

Binance said that starting July 17, existing Dutch users will only be able to withdraw assets from the Binance platform. No further purchases, trades or deposits will be possible.

TCS, Transamerica end $2 billion contract due to macro environment

June 16, 2023 13:01 IST

The 10-year contract, signed in early 2018, involved TCS working with US-based Transameria to enable the digitisation of more than 10 million policies into a single integrated platform.

Centre orders probe into Hero MotoCorp over alleged diversion of funds: Report

June 15, 2023 15:59 IST

India's Ministry of Corporate Affairs has ordered an investigation to assess Hero MotoCorp's relationship with a third-party vendor in a case related to alleged diversion of funds, Reuters reported.

Titagarh Rail Systems-BHEL consortium bags contract to manufacture 80 Vande Bharat trains

June 15, 2023 14:14 IST

A consortium of Titagarh Rail Systems Ltd (TRSL) and state-owned Bharat Heavy Electricals Ltd (BHEL) has inked a contract with Indian Railways for manufacturing 80 Vande Bharat sleeper trains.

Goldman Sachs Group cutting more than 30 Asia investment banking jobs: report

June 15, 2023 12:05 IST

The reduction in regional jobs, most of which are in the global banking & markets division, started on Wednesday.

Indian Oil Corp to set up aviation fuel plant with LanzaJet in Haryana

June 14, 2023 15:17 IST

Indian Oil Corp will set up an 80,000 tonnes sustainable aviation fuel plant with LanzaJet in Haryana, the refiner's chairman said on Wednesday.

Rainbow Children’s Hospital and BirthRight by Rainbow in Hyderabad gets JCI accreditation

June 14, 2023 13:46 IST

Rainbow Children’s Hospital on Wednesday announced that it has attained 'Gold Seal of Quality Approval' from the Joint Commission International (JCI).

IndiGo says not aware of co-founder’s plan to sell stake in airline; stock jumps 1%

June 14, 2023 12:14 IST

In a filing with the stock exchanges, IndiGo said, "The company has not received any such information nor has the company been made aware by the co-founder of their intention to sell their stake."

WeWork India takes on lease 1 lakh sq ft office space in Hyderabad to expand business

June 13, 2023 15:24 IST

WeWork India said in a statement that it has signed a new workspace at Raheja Mindspace in Hyderabad which is spread over 1 lakh+ square feet with a desk capacity of more than 1,500.

Zee promoters Subhash Chandra, Punit Goenka appeal SAT challenging Sebi ban: Report

June 13, 2023 14:28 IST

The Securities and Exchange Board of India (SEBI) on Monday banned Chandra and Goenka for a year, saying they were actively involved in diverting company funds to the group's related entities.

Mukesh Ambani’s Reliance Industries climbs 8 spots to 45th rank on Forbes’ Global 2000 list

June 13, 2023 13:38 IST

Reliance was ranked ahead of well-known names like Germany's BMW Group, Switzerland's Nestle, China's Alibaba Group, US-based Procter & Gamble and Japan's Sony.

SoftBank Group prepares new round of layoffs at Vision Fund: Report

June 13, 2023 11:25 IST

SoftBank, an aggressive investor in tech companies such as fintech giant Klarna and TikTok owner ByteDance, has seen the valuation of its portfolio drop amid sharp interest rate hikes and rising U.S.-China tensions.

Patanjali Foods aims Rs 5K cr profit at EBIDTA level, over Rs 50K cr in 5 yrs; sees huge growth potential in FMCG biz

June 12, 2023 14:40 IST

Patanjali Foods has prepared a vision document for the next five years to become the largest player in the food-FMCG business, Ramdev highlighted.

Mahindra Last Mile Mobility sees over two-fold rise in electric 3-wheeler sales in FY23

June 12, 2023 13:58 IST

Mahindra Last Mile Mobility on Monday reported an over two-fold rise in its electric three-wheeler sales at 36,816 units in FY23, as compared to the previous fiscal.

IndiGo’s shares fall after reports on co-founder’s family selling 5-8% stake

June 12, 2023 12:58 IST

At the time of writing, the stock of IndiGo was trading 3.28 per cent lower at Rs 2381 on BSE. IndiGo's shares today opened at Rs 2,470 on BSE.

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