Page 114 - Company News
Birla Corporation Q2 net profit at ₹90.48 crore on higher cement sales
Birla Corporation posted a consolidated net profit of Rs 90.48 crore in Q2FY26, aided by improved performance in its cement and jute divisions, even as rainfall and price pressure weighed on margins
 "Birla Corporation Q2 net profit at ₹90.48 crore on higher cement sales")
Goldman Sachs promotes 49 people from India as managing directors
Goldman Sachs has promoted a record 49 executives from India as managing directors, reflecting the growing importance of its Bengaluru technology hub in the firm's global structure.
 "Goldman Sachs promotes 49 people from India as managing directors")
Bajaj Auto plans KTM turnaround with India production shift, job cuts
Amid the issues faced by KTM, Executive Director Rakesh Sharma said sales of the brand have been improving and also Bajaj's exports to KTM.
 "Bajaj Auto plans KTM turnaround with India production shift, job cuts")
Hexaware acquires CyberSolve for $66 mn to strengthen cybersecurity play
Hexaware Technologies will acquire US-based CyberSolve for $66 million to expand in identity access management and cybersecurity services amid a surge in AI-driven global cyber threats
 "Hexaware acquires CyberSolve for $66 mn to strengthen cybersecurity play")
Coal India, DVC form ₹21,000 cr JV for thermal power project in Jharkhand
Coal India and Damodar Valley Corporation have signed a joint venture to set up a Rs 21,000-crore, 1,600 MW thermal power plant at Chandrapura in Jharkhand, expected to start operations by FY32
 "Coal India, DVC form ₹21,000 cr JV for thermal power project in Jharkhand")
Coal India fast-tracks solar expansion, aims for 3 GW capacity by 2029
Coal India is accelerating its renewable energy plans and expects to reach 3,000 MW of solar capacity by 2029, with tenders for 875 MW Rajasthan projects to be finalised soon
 "Coal India fast-tracks solar expansion, aims for 3 GW capacity by 2029")
NTPC Green Energy to raise ₹1,500 crore via NCD issue on November 11
The debentures are proposed to be listed on NSE
 "NTPC Green Energy to raise ₹1,500 crore via NCD issue on November 11")
Adani Power won Bihar's 2,400 MW Bhagalpur project with lowest bid
Adani Power emerged as the lowest bidder (L1) with a tariff of ₹6.075 per kWh, comprising a fixed charge of ₹4.165 and a fuel charge of ₹1.91 per unit
 "Adani Power won Bihar's 2,400 MW Bhagalpur project with lowest bid")
Swiggy board clears ₹10,000-cr fundraising plan amid growing competition
The move comes a week after Swiggy said it was exploring new fundraising options in response to rising competition and a rapidly changing external market environment
 "Swiggy board clears ₹10,000-cr fundraising plan amid growing competition")
Welspun Enterprises bags ₹3,145 crore order for Panjrapur water plant
Welspun Enterprises in a statement said the plant will significantly strengthen Mumbai's water supply network by leveraging advanced technologies to ensure efficient and sustainable operations
 "Welspun Enterprises bags ₹3,145 crore order for Panjrapur water plant")
Tata Capital Healthcare Fund II deploys 95% corpus, impacts 8.3 mn lives
Tata Capital Healthcare Fund II has deployed nearly all of its $130 million corpus, benefiting 8.3 million people and driving job creation and gender diversity across India's healthcare ecosystem
 "Tata Capital Healthcare Fund II deploys 95% corpus, impacts 8.3 mn lives")
ED makes third arrest in Reliance Power fake bank guarantee PMLA probe
Amar Nath Dutta, a resident of Kolkata, was taken into custody on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA)
 "ED makes third arrest in Reliance Power fake bank guarantee PMLA probe")
Vanguard opens Global Value Center in Hyderabad, boosting tech innovation
Vanguard, one of the world's largest asset management companies, launched its Global Value Centre in Hyderabad, reinforcing the city's status as a global hub for financial innovation
 "Vanguard opens Global Value Center in Hyderabad, boosting tech innovation")
Piramal Finance aims AUM of ₹1.5 trillion by 2028: CEO Jairam Sridharan
Piramal Finance got listed at the stock exchanges earlier in the day following the merger of Piramal Enterprises with the former
 "Piramal Finance aims AUM of ₹1.5 trillion by 2028: CEO Jairam Sridharan")
Singtel sells 0.8% stake in Bharti Airtel for about $1.2 billion
More than 55 million shares of Bharti Airtel were traded through block deals, according to data from LSEG
 "Singtel sells 0.8% stake in Bharti Airtel for about $1.2 billion")
KP Green Engineering net profit more than doubles to ₹58 cr in H1FY26
Consolidated total income in the first half of FY26 surged by 101 per cent to ₹536 crore as compared to ₹266 crore recorded in the year-ago period
 "KP Green Engineering net profit more than doubles to ₹58 cr in H1FY26")
ED makes 3rd arrest in Reliance Power fake bank guarantee linked PMLA case
A person identified as Amar Nath Dutta was taken into custody on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA)
 "ED makes 3rd arrest in Reliance Power fake bank guarantee linked PMLA case")
Bankers value Reliance's Jio Platforms as high as $170 billion ahead of IPO
A valuation that size would place Jio among the biggest two or three companies in India by market capitalisation, ahead of fellow telecom firm Bharti Airtel
 "Bankers value Reliance's Jio Platforms as high as $170 billion ahead of IPO")
Smaller SUVs to see fastest growth after GST rate cut: Skoda's Ashish Gupta
Biggest sales advantage is in the sub 4-metre segment, says Ashish Gupta
 "Smaller SUVs to see fastest growth after GST rate cut: Skoda's Ashish Gupta")
State Bank of India greenlights 6% stake sale in mutual fund arm via IPO
India's largest fund manager could fetch valuations of over ₹1 trillion
 "State Bank of India greenlights 6% stake sale in mutual fund arm via IPO")