Page 19 - Companies

ReNew Power raises $400 million from global debt investors

The money will be used to refinance existing high-cost debt and fund capital expenditure

Hero MotoCorp appoints Arun Jaura as CTO; chief compliance officer resigns

Two-wheeler maker Hero MotoCorp on Friday announced the appointment of industry veteran Arun Jaura as its chief technology officer (CTO) to lead the company's research and development (R&D). The company, in a statement, also announced the resignation of Neerja Sharma, company secretary and chief compliance officer. Jaura, who was the managing director of Michelin India Technology Center before taking up the current position, reports to Hero MotoCorp Chairman and CEO Pawan Munjal, the company said in a statement. Vikram Kasbekar, who has been leading the R&D function at Hero MotoCorp in the past two-and-a-half years, will support Jaura for a seamless transition and continue to work on some key assignments in the coming months, it said. The appointment of Jaura, a global technology expert, is aimed at strengthening the company's leadership team amid its continued focus on its vision 'Be the Future of Mobility', Hero MotoCorp said. Sharma has decided to take a pause and refresh .

HCL Tech completes acquisition of 51% stake in German IT company GBS

In December, HCL Technologies had announced that it will acquire 51 per cent stake in GBS

Macrotech Developers Q3 sales bookings up 40% to Rs 2,608 crore

Macrotech Developers, one of the leading real estate developers in India, markets its properties under Lodha brand

Competition increases in flexi-cap funds category, shows data

The net assets under management of the flexi-cap category ballooned from Rs 75,600 crore in January 2021 to Rs 2.14 trillion as of November 2021

Reliance raises $4 bn in India's largest-ever foreign currency bonds issue

'The issue was nearly 3 times oversubscribed with a peak order book aggregating $11.5 bn and was priced through RIL's secondary curve,' a company statement said

Yojee teams up with Here Tech to create operations intelligence solution

Cloud-based logistics platform Yojee has teamed up with Here Technologies to create a unique operations intelligence solution to transform warehouse management for global companies

I don't think we are a media company: Meta, India's vice president & MD

In the last 18 months, a lot of what we have been talking about has been put in place, said Mohan

Toshiba no 2 shareholder urges EGM vote on break-up plan as investors carp

The second-largest investor in Japan's Toshiba Corp on Thursday called for an extraordinary general meeting, seeking to force the company to win two-thirds support for a three-way breakup plan

Amazon Seller Services' losses narrow to Rs 4,748.1 crore in 2020-21

Amazon Seller Services had recorded a net loss of Rs 5,849.2 crore, while its revenue from operations stood at Rs 10,847.6 crore in FY20

Spandana Sphoorty posts loss of Rs 58.8 crore for September quarter

It had posted a net profit of Rs 62.95 crore in Q2FY21

New-age companies make it to Amfi's large-cap list, shows data

This comes despite stocks such as PB Fintech (Policybazaar) and One 97 Communication (Paytm) trading below their issue price

Udaan raises $250 mn via convertible note and debt, plans IPO in 18 months

Udaan achieved a valuation of $3.1 bn during its last round of funding of $280 mn in January 2021 from existing and new investors

Stocks of a dozen firms may come under pressure as anchor lock-ins end

Heightened selling pressure in stocks where anchor contribution is high. Five of the 12 firms had allocated more than 10% of outstanding shares to anchor investors

Coal India CMD gets additional charge of finance portfolio

The ministry of coal has entrusted the additional charge of director (finance) to Pramod Agrawal for six months

TCL Electronics clocks revenue of nearly $30 bn in first 3 quarters of 2021

Leading consumer electronics brand TCL Electronics has logged revenue of nearly USD 30 billion in the first three quarters of 2021, a growth of about 81 per cent, its Chairman DU Juan said. The China-based company, which is participating in CES, the annual consumer electronic show held at Las Vegas, has showcased products including its thinnest 8K MiniLED TV prototype, NXTWEAR AIR glasses, QLED TVs, newest mobile devices and smart home appliances. TCL will continuously innovate in the field of home appliances and mobile devices, she said while addressing a global press conference at CES. "I have some great news to share with you all. In the first three quarters of 2021, TCL's revenue hit nearly USD 30 billion. This is nearly 81 per cent growth year-on-year," she said. TCL has also ranked number two globally in the TV panel and LCD TV market share, she further said, adding that the company has focused its R&D capabilities on areas such as display technologies, clean energy, smart ..

BlackBerry ends service on its once-ubiquitous mobile devices

Blackberry lost favour with users with the advent of Apple's touchscreen iPhones

Starlink's India head Sanjay Bhargava quits for personal reasons

Earlier, Bhargava had said that the company's target is to have 200,000 terminals across the country by December 2022

IL&FS Group sells stake in ONGC Tripura to GAIL for Rs 319 crore

The 26 per cent stake that IL&FS had in OTPC has been valuated at Rs 1,227 crore for this transaction

JSPL steel production rises 9% to 5.9 mn tonnes in April-Dec 2021

Jindal Steel and Power Limited (JSPL) said its steel production rose to 5.90 million tonnes during April-December 2021