Company News

India Inc backs PM Modi's I-Day address, vows to boost investment, jobs

Industry shares the prime minister's resolve to build on this momentum and is ready to match it with sustained investment in areas of strategic importance

Tata Sons AGM on Aug 18 may not happen as SRTT has no representative

Sir Ratan Tata Trust cannot nominate a representative due to a Maharashtra Charity Commissioner order, potentially leaving Tata Sons without the quorum needed to hold its annual general meeting

Brigade Enterprises sales bookings dip 5% to ₹1,061 crore in Apr-Jun

Realty firm's sales volumes declined 22% to 0.74 million sq ft in the June quarter, while average sales realisation rose 21% to ₹14,256 per sq ft

Accel India IV offloads 2 crore Urban Company shares, cuts stake to 4.84%

Accel India IV (Mauritius) has offloaded a 1.3 per cent stake in home services platform Urban Company through an open market transaction.

Reliance, Rolls-Royce to develop indigenous combat engine for AMCA together

The proposed partnership would combine Britain's storied aero-engine maker's technology and expertise with Reliance's technology, manufacturing and execution capabilities to develop AMCA engine

Dixon Tech issues $220 mn guarantee to Lenovo for Padget Electronics div

There is no immediate impact on Dixon, though the guarantee will be reflected as a contingent liability in the company's books.

SAT grants Zee interim relief, allows ₹3,143 crore preferential issue

The tribunal permitted Zee and Punit Goenka to complete the preferential warrant issue subject to payment of penalties, but the Sebi-imposed market debarment will continue

HAL partners with Adani Defence, BEML to produce LCH Prachand

HAL has augmented the capacity and already commenced production of the 156 Prachand LCHs ordered for the Indian Armed Forces at its new helicopter manufacturing facility in Tumakuru, Karnataka

Bagmane Prime Office Reit eyes nearly doubling portfolio over next 7-8 yrs

Blackstone-backed Reit sees growth supported by a 47.2 msf sponsor pipeline, low leverage and potential acquisitions across India's top six office markets

Kalpataru Projects International bags new orders worth ₹3526 crore

Kalpataru Projects International on Friday said the company has secured new orders worth Rs 3526 crore.

USFDA issues warning letter to Aurobindo Pharma's Telangana facility

Aurobindo Pharma said it remains committed to working closely with the US FDA and continues to enhance its compliance on an ongoing basis

Family members, top executives, emerge as contenders to lead Tata Sons

Apart from Tata Steel's TV Narendran, CEOs of group cos such as Tata Power's Praveer Sinha, Tata Motors PV Ltd's Shailesh Chandra and Tata Chemicals Ltd's Ramakrishnan Mukundan are in the early list

GCPL sharpens focus on core, execution as new management takes charge

Godrej Consumer Products shifts focus to core brands and sharper execution as new CEO Aasif Malbari takes charge after Sudhir Sitapati's exit

AMD plans to raise as much as $5 billion from debt offering: Report

The debt offering comes as AMD ramps up spending to meet surging demand for computing capacity driven by the AI boom.

Air India faces challenges; group plans to induct over 100 planes in 2 yrs

Air India is facing challenges due to external volatility but remains focused on the profitability path and plans to induct over 100 new planes over the next two years, its CEO Campbell Wilson said.

Bharti Airtel's tariff plan changes may benefit Vodafone Idea more

Airtel's withdrawal of select prepaid plans could lift its ARPU, but analysts say Vodafone Idea may gain more if it follows with a similar tariff rejig

After N Chandrasekaran's exit, TCS loses its key man on the inside

Chandrasekaran's exit as Tata Sons chairman marks a major shift for TCS, leaving its leadership to navigate AI disruption without the group chairman's deep expertise

Tata Sons' search for chairman faces SRTT bump ahead of August 18 AGM

Freeze on Sir Ratan Tata Trust casts shadow on August 18 AGM

Promoters pare stakes in UltraTech, Thyrocare through block deals

Pilani Investment sold a 0.85 per cent stake in UltraTech Cement for Rs 2,896.3 crore, while Thyrocare promoter Docon Technologies sold a 9.9 per cent stake.

Krafton India plans to diversify investments into AI startups, VC funds

The BGMI maker has invested close to $250 million in India over the past four to five years and plans to continue investing roughly $50-60 million in companies and funds.