Page 10 - Company News

Tata Power to finalise ₹6,500 cr wafer-ingot project by Jan, says CEO

Tata Power is looking to set up a 10 gigawatt wafer and ingot plant as part of its backward integration, Sinha had said in an earnings call earlier without sharing further details

HDFC Bank gets RBI approval to buy up to 9.5% stake in IndusInd Bank

The RBI has allowed HDFC Bank and its group firms to buy up to 9.5 per cent stake in IndusInd Bank within one year, as the private lender faces losses and governance issue

Oberoi to open 25-key luxury resort at Makaibari Tea Estate in Darjeeling

One of the world's oldest and most storied tea estates, Makaibari was established in 1859 and is celebrated for its dramatic Himalayan vistas, lush primary forests, and rare biodiversity

Payments to be most-used service on YONO 2.0, says SBI chairman C S Setty

According to SBI, with the new YONO app and internet banking now operating on a unified backend architecture and sharing the same user interface, customers will experience seamless omnichannel

Freshworks to acquire FireHydrant to boost AI-powered incident management

Co-founded by Robert Ross and Dylan Nielsen in 2018, FireHydrant has deep expertise in IT and DevOps with customers across consumer and business industries, including Palo Alto Networks, BP, and Qlik

DGCA probe panel on flight disruptions visits IndiGo headquarters

During the visit, said another source, the probe panel checked multiple aspects of operations, including infrastructure that could have resulted in such a large-scale disruption of services

Biocon launches drugs for diabetes and obesity treatment in Netherlands

The Netherlands launch builds on Biocon's entry into the UK in February, where it received regulatory approval for liraglutide from the Medicines and Healthcare Products Regulatory Agency

IHH plans India expansion after Fortis open offer, to add 2K beds by 2028

Analysts say IHH's play may include improving revenue per bed by lifting clinical mix

NCLAT: WhatsApp must seek user consent before sharing data with Meta

The earlier Nclat judgment had upheld the ₹213.14 crore penalty against Meta and WhatsApp but had left ambiguity over the extent of user-choice safeguards

Tata Power to weigh 20-50 Mw SMR plants, says MD & CEO Praveer Sinha

As per an investor presentation, 65 per cent of the capex is aimed at clean energy projects

Zydus Life's US arm gets FDA nod for Menkes disease drug resubmission

The drug, CUTX-101, is intended for the treatment of Menkes disease, a rare X-linked recessive genetic disorder affecting male children

Engineering firm BHEL pays ₹110-cr final dividend for FY25 to govt

A cheque towards the final dividend on the equity (63.17 per cent) held by the Government of India, was presented to HD Kumaraswamy

Flipkart gets NCLT approval to shift domicile from Singapore to India

Flipkart's proposed public offering would be the second by a Walmart-owned entity after PhonePe, which relocated its domicile to India in October 2022

MTNL board clears ₹350.72 cr sale of Mumbai's BKC housing block to Nabard

MTNL's board has cleared the sale of its BKC housing block in Mumbai to Nabard for ₹350.72 crore, with the deal to be carried out through a government-to-government transfer

Galaxy Health Insurance launches Galaxy Twin 360 with IPD and OPD cover

Galaxy Health Insurance has launched Galaxy Twin 360 for young adults, combining inpatient cover with outpatient benefits and wellness services to improve renewals and long-term adoption

JioStar brings in ex-Welspun group CFO G R Arun Kumar as finance head

JioStar has appointed former Welspun Group CFO G R Arun Kumar as its chief financial officer. He will lead finance and commercial functions, the company said in an internal email

Wheels India signs tech assistance deal with Japan's Topy Industries

The company said it has also bagged new orders for its aluminium wheels business from Hyundai and Volkswagen and expects to commence supplies next year

Solar project in Rajasthan facing no evacuation constraints, says ACME

Some solar projects in the state currently supply power under the temporary general network access (T-GNA) framework, as their associated transmission systems are yet to be commissioned

Maruti Suzuki plans phased localisation of EV components in next few years

The auto major aims to drive in multiple electric models across bodystyles and set up charging infrastructure across the country as it looks to attain leadership in the segment

Inox Wind secures 102.3 MW order from Aditya Birla Renewables' arm

Inox Wind Ltd is a leading wind energy solutions provider servicing IPPs, Utilities, PSUs & Corporate investors