Page 10 - Company News

IEX Q2 electricity traded volume rises 12.7% as power demand stays strong

IEX traded 39.7 billion units of electricity in Q2 FY27, up 12.7% year-on-year, while day-ahead and real-time market clearing prices rose sharply

Startup Policy Forum unveils DeepVerse to boost India's deep-tech ecosystem

The new centre brings together founders, investors, government, academia and global technology companies to shape policy, research and ecosystem initiatives

Jio Platforms likely to launch IPO on October 21, seeks to raise $3.8 bn

The country's biggest listing to date is Hyundai Motor India's $2.9 billion listing in 2024, while the National Stock Exchange of India made its market debut last month after a $2.3 billion IPO

No preferential access to biz from group cos: Jio Payment Solutions CEO

Jio Payment Solutions is prioritising large enterprises and profitable segments as it seeks to expand in India's crowded digital payments processing market

RBI told Tata Sons to find lawful course, not to list: SDTT trustees

Tata Trusts reiterate that RBI did not mandate Tata Sons listing, saying the regulator only asked the group to find a lawful alternative to retain its unlisted status.

Most social sector issues can be solved using traditional AI: Wadhwani AI

Wadhwani AI plans to scale its government projects to 80 over the next four years, increase its workforce to about 1,600 and triple investment to ₹450 crore

Tata Steel develops fire-resistant structural steel for safer buildings

BIS-certified E350 structural steel can retain two-thirds of its room-temperature yield strength at 600°C for up to three hours, enhancing structural resilience during fires

CSM Technologies deploys nationwide mineral royalty system in Kenya

The digital platform enables declaration, assessment, payment and monitoring of mineral royalties, aiming to improve transparency, compliance and revenue administration

Instamart's Noice aims to double food entrepreneur base, expand range

Noice currently partners with 75 food entrepreneurs and plans to expand to over 500 products, backed by a financing programme offering up to ₹5 crore in formal credit

TVS ASL raises ₹425 crore from Crescent Enterprises in Series D round

The investment will support myTVS' growth in India and expansion into international markets, initially focusing on opportunities across the Middle East and North Africa

PhysicsWallah sells ₹95.8 cr loan portfolio, partially shuts lending ops

The sale to Auxilo Finserve forms part of a strategic realignment under which PhysicsWallah plans to shift lending activities to established third-party NBFCs

Flipkart invests in TravClan to strengthen international travel offerings

The investment will strengthen international travel supply, on-ground support and holiday offerings for customers across Cleartrip and Flipkart Travel

Sumitomo Corp to acquire 49% stake in HFE's 500 MW Karnataka project

Hero Future Energies will retain a 51 per cent stake in the 500 MW Karnataka project, which combines wind and solar power with large-scale battery energy storage

Matters.AI, Upwind integrate to link cloud exposures with data risks

The native API integration combines cloud security findings with data classification, helping security teams investigate and prioritise risks to sensitive business data

Cygni Energy signs MoU with Indus Towers to develop telecom BESS solutions

Under the MoU, the two companies will collaborate to establish Battery Energy Storage System (BESS) manufacturing capacity of up to 1.5 GWh

L&T wins ₹10K-cr orders for power transmission & distribution business

The EPC orders span transmission lines, substations and cabling works, with projects aimed at strengthening grids and supporting renewable energy evacuation

PVR Inox ordered to pay ₹70,000 over movie screening delay due to ads

A Hyderabad consumer commission ordered PVR Cinemas and PVR Inox to pay compensation, litigation costs and punitive damages after ads delayed movie screening by nearly 22 minutes

Shyam Metalics signs MoU for ₹50,000 crore steel plant in Maharashtra

9-MTPA Chandrapur complex to be built in two phases, with 30,000 direct and indirect jobs; company to begin approvals in FY27

L&T wins power transmission orders worth up to ₹15k cr in India, West Asia

L&T's Power Transmission & Distribution (PT&D) business has secured multiple orders in India and overseas to strengthen power transmission infrastructure and facilitate renewable energy evacuation

Bhavish Aggarwal backs Ola Electric rights issue with own 4.32% stake

200 million shares pledged against Krutrim Data Centre debentures to fund Aggarwal's subscription to the issue