Jaiprakash Associates plans to restructure bonds worth USD 120 million
Crisis-hit Jaiprakash Associates, which is into cement and construction businesses, on Saturday said around 92 per cent of bondholders have given consent for restructuring of foreign currency convertible bonds (FCCBs) worth USD 120 million, which were issued by the company and due for payments in 2020 and 2021. In February, the...
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OpenAI reveals Voice Engine, but will not yet publicly release risky AI voice cloning technology
31 March 2024 | AP -
JSW Steel commissions hot strip mill with 5 million tonnes capacity
31 March 2024 | PTI -
US probes complaints that Ford pickups can downshift without warning, increasing risk of crash
31 March 2024 | AP -
Assam: Two days petrol pump strike deferred
31 March 2024 | PTI -
Unsold homes in nine cities down seven per cent in last three months
31 March 2024 | PTI -
India forex reserves hit fresh peak of USD 642.63 billion
31 March 2024 | PTI -
Office space net leasing up 44 per cent in top 8 cities: Report
31 March 2024 | PTI
US probes complaints that Ford pickups can downshift without warning, increasing risk of crash
US auto safety regulators are investigating complaints that more than 540,000 Ford pickup trucks can abruptly downshift to a lower gear and increase the risk of a crash. The National Highway Traffic Safety Administration says in documents posted on its website Friday that it opened the investigation this week after receiving...
Procurement through Government online marketplace GeM crosses Rs 4 lakh crore so far this fiscal
The procurement of goods and services through government’s portal GeM has crossed Rs 4 lakh crore so far this fiscal due to higher buying activities by various ministries and departments, a senior government official said on Friday. The Government e-Market (GeM) portal was launched on August 9, 2016, for online purchases...
ICICI Securities retail distribution head quits
ICICI Securities on Friday said Kedar Deshpande, head of retail distribution, has resigned from the brokerage firm to pursue alternate career opportunities. The resignation will take effect from the close of business hours on April 12, 2024. “Kedar Deshpande, Head - Retail Distribution (within the category of senior management in the Company),...
Banks GNPAs set to improve further to 2.1 per cent by FY25: Report
The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to up to 2.1 per cent by the end of FY25, a report said on Friday. GNPAs are likely to come at 2.5-2.7 per cent in FY24 and will improve further to 2.1-2.4 per cent by...
TCS says it trained 3.5 lakh employees in generative AI skills
Country’s largest IT services company TCS on Friday said it has trained 3.5 lakh employees in generative AI skills. The company, which had in January announced that 1.5 lakh staffers are trained in the skill sets of what is said to be the biggest opportunity for IT services firm in the...
IIM Mumbai, Starburst collaborate to boost aerospace, new space, defence startups
European accelerator Starburst has formed a strategic collaboration with the Indian Institute of Management-Mumbai for promoting aerospace, new space, and defence (ASD) startups in India. Aimed at cultivating an ASD ecosystem centred around the prestigious B-School in India’s financial capital, the alliance would provide vital support and resources to ASD startups...
Shakti Pumps raises Rs 200 crore through QIP
Shakti Pumps (India) on Friday said that it has raised an amount of Rs 200 crore through qualified institutional placement route. The Qualified Institutional Placement (QIP) issue garnered significant interest from qualified domestic institutional investors and was fully subscribed by two large Mutual Funds - LIC Mutual Fund and SBI Mutual...
