Company News

Carrier Global to break ground on ₹1,000 crore chiller facility at Sri City

Carrier Global will set up a Rs 1,000 crore chiller manufacturing unit at Sri City, boosting Andhra Pradesh's ambition to become a global hub for data infrastructure and components

Strong EV demand, diversified portfolio to sustain growth for Sona BLW

Strong EV demand and a robust order book power Q4 beat, but valuations and global slowdown concerns keep brokerages cautious

Bombay HC quashes Lilavati Trust bribery case against HDFC Bank CEO

The court, while quashing the FIR, said continuance of the same would be nothing but an "abuse of the process of court" and that the same was not a bona fide complaint

Godrej Enterprises' commercial aviation biz eyes 15-20% growth till FY32

The company is developing in-house design platforms for key components as it shifts from a build-to-print model to a design-led player higher up the value chain

L&T wins ₹2,500-5,000 cr coal-to-ammonium nitrate project in Odisha

The project will produce 2,000 tonnes of ammonium nitrate daily, reducing imports, conserving foreign exchange, and strengthening India's energy and chemicals sectors

Netradyne acquires Moove to expand AI fleet safety business in Europe

The deal adds local operations and customers as SoftBank-backed Netradyne expands its AI-powered fleet safety business and strengthens its presence across key European markets

As temperatures soar, online platforms step up heat protection for workers

E-commerce and food delivery firms step up cooling infrastructure, insurance cover and welfare measures for gig workers as rising temperatures and heatwave warnings intensify across India

Reliance submits documents to CBI in bribery probe, executive gets bail

CBI arrested a Reliance senior V-P Bharat Mathur, and an official from the country's aviation regulator last month, accusing them of agreeing to a $16k bribe to clear drone import applications

Biocon founder Kiran Mazumdar-Shaw picks niece Claire as successor

She plans a gradual leadership transition over the next five years, with her niece Claire Mazumdar expected to assume the chair in a phased manner

L&T bags order to develop coal-to-ammonium nitrate project in Odisha

Project is likely to produce 2,000 tonnes of ammonia nitrate per day, reducing import dependence, conserving forex and strengthening domestic industrial capabilities in energy and chemicals sectors

Wadia Group's Bombay Realty launches luxury project in Mumbai's Dadar

Wadia Group's Bombay Realty unveils THREE ICC in Dadar, offering premium residences with strong connectivity as demand for luxury housing grows in Mumbai

Vodafone Idea taps into multi-million-dollar micro-drama market

Vi Movies & TV to offer short content free for subscribers in tie-up with OTT player Bullet

NCLAT quashes insolvency proceedings against Embassy Developments Limited

Bengaluru-based developer financially sound, says in statement

Supreme Court refuses to interfere in NCLAT order restoring Byju's CoC

Supreme Court backs NCLAT decision restoring original CoC in Byju's insolvency case, dismissing founder Byju Raveendran's appeal and allowing probe into IRP conduct

NCLAT upholds Adani's Jaiprakash Associates bid, junks Vedanta plea

Tribunal backs lenders' decision on Adani's resolution plan for Jaiprakash Associates, dismissing Vedanta's challenge over transparency and bid value concerns

Petronet LNG plans to build 7 LNG storage tanks amid supply disruptions

The move comes as India faces critical challenges in meeting the country's energy requirements amid the West Asia crisis, highlighting high energy import dependency and lack of storage infrastructure

Delhi HC restrains EaseMyBiz from launching app in MakeMyTrip case

Court bars EaseMyBiz from launching its app and activating domain amid trademark dispute with MakeMyTrip, while allowing underlying courier business to continue

Tata Trusts set to review representation at Tata Sons this week

If the review implies Srinivasan's exit from the Tata Sons board, Noel Tata will remain the only trustee nominee there

Pixxel, Sarvam to build India's first orbital data centre satellite

The partnership will see Pixxel build and operate the Pathfinder satellite, while Sarvam provides the AI backbone, enabling real-time data processing in orbit using hyperspectral imaging and GPUs

NCLAT rejects Vedanta's plea against selection of Adani group's bid for JAL

JAL, which has high-quality assets and business interests in various sectors, was admitted to the CIRP in June 2024 after it defaulted on payments of loans aggregating ₹57,185 crore