Global private equity investor LeapFrog Investments, which has backed InsuranceDekho and Healthify, has shelved plans to explore continuation vehicles as an exit option and will instead focus on traditional routes…
Category: Companies
How Ford is using AI to power its next-gen ambitions
Ford Motor is embedding artificial intelligence (AI) across engineering, software and enterprise systems as it accelerates its shift to a technology-led mobility company. At the centre of that effort is…
NCLAT refuses to stay Adani’s ₹14,543 crore JAL resolution plan, seeks lenders’ responses
NEW DELHI/MUMBAI: The National Company Law Appellate Tribunal (NCLAT) on Tuesday refused to stay implementation of billionaire Gautam Adani-led Adani Enterprises Ltd’s ₹14,543-crore resolution plan for bankrupt Jaiprakash Associates Ltd…
West Asia war stalls Titan’s $4 bn Gulf market bet, delays Damas expansion
The escalating West Asia conflict is starting to derail Indian jewellers’ overseas growth plans at a crucial juncture, with the country’s largest jeweller Titan Co Ltd pausing rollout of its…
Jindal Steel doubles Angul plant capacity to 12 MTPA
Jindal Steel on Tuesday said it has doubled the steel making capacity of its Angul facility to 12 million tonnes per annum. With this expansion, Angul has become one of…
HDFC Bank appoints Wadia Ghandy & Co, Trilegal to parse through board meeting minutes to trace Chakraborty’s concerns
Mumbai: India’s largest private sector lender HDFC Bank has appointed at least two law firms Wadia Ghandy & Co, and Trilegal to conduct a review of the circumstances leading to…
OpenAI warns Microsoft could be a ‘risk factor’ in its business ahead of potential IPO: Report
OpenAI has said that its close ties with Microsoft could be a risk factor to its business, CNBC reported on Tuesday citing a document that resembles an IPO prospectus. In…
HDFC Bank appoints external law firms to review Atanu Chakraborty’s resignation letter — ‘Did not mention…’
Private lender HDFC Bank on Tuesday said it was appointing external law firms to conduct a review into the resignation letter of former part-time chairman Atanu Chakraborty. In a shocking…
Accenture cautions employees walking into offices without seat bookings
Accenture Plc has warned employees in India that they will face corrective measures if they walk into the office without booking a seat, suggesting the company has more employees than…
Rapido disrupted cabs. Can it do the same in food delivery?
Rapido, the startup that used its street smarts to dominate India’s bike-taxi market, is planning to replicate this success in the food-delivery space. By launching its food-delivery app, Ownly, the…