Company News

Tata Motors eyes global top-four CV spot as Iveco acquisition advances

Chairman N Chandrasekaran says the combined Tata Motors-Iveco business could lift annual revenue to $35-40 billion in five years, boosting global scale and technology

Icra to acquire remaining 40% stake in D2K Technologies for ₹32 crore

Pursuant to this, Icra Analytics will hold 100 per cent of the equity share capital of D2K Technologies on a fully diluted basis, Icra said in a regulatory filing

BPCL to acquire 40% stake in Tiki Tar and Shell India for ₹85 crore

The acquisition, which has received approval from the Department of Investment and Public Asset Management (DIPAM), is expected to be completed within 90 days

Oberoi Realty to invest ₹6,000 cr to build first Delhi-NCR housing project

The company launched the first phase of its housing project 'Three Sixty North', located at Golf Course Extension Road in Gurugram, comprising 832 units across 6 towers

Alembic Pharmaceuticals gets USFDA nod for generic acne treatment gel

The approval by the US Food & Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) of Dapsone gel, 5 per cent

JK Cement bets on capacity utilisation, premiumisation: CEO Singhania

Firm plans to stabilise newly commissioned capacities, improve utilisation levels and expand its portfolio of value-added products as it pursues a long-term target of reaching 50 MTPA capacity by 2030

Tata Motors set to complete Iveco transaction by Q2FY27: N Chandrasekaran

Addressing shareholders at the company's second Annual General Meeting here, he said the deal is a significant strategic step in advancing Tata Motors' global ambition

Omaxe to invest ₹6,200 crore to build 19 hotels across five states

The company 'plans to develop 19 hotels spread over nearly 5 million sq ft across five states in the next 4-5 years'

IIFCL plans $1 billion loan, in talks for $400 million ADB funding

IIFCL is the latest company to tap into the foreign lending market after the Reserve Bank of India introduced a series of measures to boost dollar inflows and support the rupee

Amazon's rapid delivery push wipes out $15 billion from Eternal, Swiggy

Aggressive expansion by Amazon and Flipkart, coupled with Zepto's IPO plans, is intensifying competition in India's fast-growing quick-commerce market and putting pressure on established players

Shapoorji Pallonji refinancing delays prompt some bondholders to seek exit

Some investors are attempting to offload debt linked to a Shapoorji Pallonji Group subsidiary at a discount as negotiations over refinancing and repayment extensions continue ahead of a key deadline

Adani case: NY judge's query unlikely to stall DoJ move, says lawyer

The lawyer added that there is little precedent for a federal court compelling prosecutors to continue pursuing a criminal case once the Justice Department has decided it should be dismissed

Zerodha plans foray into investment banking, seeks Sebi registration

Zerodha has applied for a Category 1 merchant banking licence from Sebi, marking its entry into IPOs and corporate finance as it diversifies beyond broking

US probe found no Chinese cells in solar panels: Waaree Energies

Waaree Energies said a US Customs investigation found no evidence that it exported solar modules made with Chinese-origin cells and that its US operations remain unaffected

Prestige Group holds ₹65,000 cr unrecognised revenue on pre-sales: Chairman

The real estate developer's unrecognised revenue has swelled to around ₹65,000 crore, supported by strong housing sales and record booking values over the past three financial years

Embassy to invest ₹1,500 cr to build office space in Bengaluru: MD

The realty firm has started construction of the first phase of a 6 mn sq ft office complex in Bengaluru, aiming to strengthen rental income portfolio while continuing to focus on residential growth

Progcap looks to raise $45 million equity capital in FY28 to fuel growth

The fintech firm plans to raise up to $45 million through a private placement of shares next financial year to support the expansion of its MSME lending operations

Tata Motors Passenger Vehicles plans 4 new EVs, over 10 refreshes by FY31

The company is preparing for the next phase of growth in its electric vehicles segment, eyeing over 30 per cent EV penetration by FY31

Strides sells majority stake in Pivot Path to Ascent Capital-led consortium

Following the completion of the transaction, Pivot Path will be reclassified from a wholly owned subsidiary to an associate company of Strides

Strides Pharma to sell majority stake in Pivot Path for ₹100 crore

Strides will receive ₹75 crore at initial closing and ₹25 crore on the first anniversary of closing