Company News

BASF mulls investment in MDI production facility at Dahej in Gujarat

BASF has secured industrial land in Dahej for the potential MDI complex, with the final investment decision subject to the feasibility study and necessary approvals

Zepto Cafe cuts footprint across cities, scales back menu after expansion

Zepto Cafe's footprint has fallen to an estimated 250-350 locations from a peak of 850-900 as the quick-commerce firm focuses on select high-performing markets

Tata Capital growth outlook stays positive despite near-term headwinds

Retail and SME momentum supports Tata Capital's 23-25 per cent growth guidance, though funding costs, high crude prices and proposed RBI rules remain key risks.

Policybazaar-backed PB Health targets 150 hospitals across 50-plus cities

The venture aims to raise Rs 10,000 crore to build a network of 15,000-20,000 beds across more than 50 cities over the next five to six years

Premier Energies commissions ₹3,293 cr solar cell facility in Andhra

The 7 GW TOPCon facility at Naidupeta, developed at a capital expenditure of Rs 3,293 crore, will increase Premier Energies' total solar cell capacity to 10.6 GW

IOCL to invest ₹2,449 cr in Kochi-Kanyakumari-Thoothukudi gas pipeline

The 424.5-km pipeline will have a capacity of 6.84 mscmd and transport regasified LNG from the Kochi terminal to key demand centres in Kerala and Tamil Nadu

Gulshan Group, Ourika Estates form JV to invest ₹750 cr in UP projects

The platform has secured land parcels in Ghaziabad and Lucknow to develop about 1.5 million sq ft of built-up area across two premium residential projects

Tata Steel wants discussion with UK govt over delayed EAF project: CEO

Tata Steel is looking to have a discussion with the UK government to discuss issues being faced in timely implementation of the EAF project at Port Talbot, the company's CEO T V Narendran said.

Nothing to spin off CMF as India-based, majority Indian-owned company

Nothing will retain a stake and remain a partner in CMF, which will have its own team and R&D operations in India, co-founder and CEO Carl Pei said

NPCIL begins fuel loading at 700 MW Rajasthan nuclear project's Unit 8

NPCIL begins fuel loading at 700 mw Rawatbhata unit 8, prepares for commercial operation

Govt asks Microsoft to set up data centres closer to power generation sites

Government asked Microsoft to locate future data centres closer to power generation sources rather than near cable landing stations, with IT Secy S Krishnan saying this would cut costs for both

Samvardhana Motherson's arm gets nod to acquire 50.1% in Rotary for ₹500 cr

Samvardhana Motherson Adsys Tech Ltd (SMAST), a subsidiary of auto components manufacturer Samvardhana Motherson International Ltd, will acquire a 50.1 per cent equity stake in Rotary Connectors

BLS International names former Estonia President Ilves strategic advisor

Toomas Hendrik Ilves joins BLS International as global strategic advisor, following the recent appointment of former Australian Prime Minister Scott Morrison.

Indian Oil to invest $256 mn for Kochi-Thoothukudi natural gas pipeline

The investment comes amid India's broader push ​to expand natural gas ‌infrastructure, improve connectivity and increase the ​share of gas in the country's energy mix as it ‌seeks ​cleaner fuel altern

Balmer Lawrie to expand domestic rail, third-party logistics operations

The company is expanding its supply chain touchpoints with greater emphasis on domestic logistics operations, including its new rail logistics and third-party logistics businesses

JSW Energy, JSW Steel plan to raise $300 million through bonds in Oct-Dec

JSW Energy plans to raise around ₹1,500 crore through up to five-year bonds, while JSW Steel could raise around ₹1,350 crore via three-year or four-year debt

Dilip Buildcon wins ₹1,265 crore EPC work for Maharashtra power project

Dilip Buildcon has been selected by RECPDCL for a Maharashtra intra-state transmission project, with its EPC component valued at ₹1,265 crore excluding GST

Biocon's Pertuzumab gets EMA CHMP recommendation for breast cancer care

Biocon's Pertuzumab has received a positive EMA CHMP recommendation, becoming the first biosimilar to clear the agency's new tailored clinical development approach for HER2-positive breast cancer

Automotive major Stellantis takes full control of India manufacturing JV

Plans to nearly triple output from TN plant by 2027

Tata's rival camps line up top lawyers ahead of looming legal battle

Both sides are being advised by lawyers who have represented India's biggest companies, and have also recently hired senior counsel who are among the country's top litigators