Page 12 - Company News

Not consulted on Tata Sons reorganisation letter: SDTT vice-chairmen

Venu Srinivasan and Vijay Singh said no SDTT meeting had authorised the September 28 proposal and called for collective deliberation on its legal, financial and governance implications

TCS to buy US retailer Best Buy's India GCC, develop an AI-native centre

Best Buy's India entity will transition to TCS under a multi-year agreement, combining its retail knowledge with technology and AI capabilities to build an AI-native centre

Mahindra, Embraer in talks to build C-390 military aircraft ecosystem

Mahindra Group said it is in preparatory discussions with Embraer to create an industrial and support ecosystem for the military transport and aerial refuelling aircraft C-390 Millennium in India.

Lure Holdings eyes $2.5 bn branded realty development per year in India

The US-based platform will partner with Indian developers through Ciril to curate branded projects, initially targeting eight markets with access to over 300 global brands

Homegrown brands bet on smaller towns for festive growth through Flipkart

Flipkart says homegrown brands have grown 60 per cent in Tier 2 and Tier 3 markets, while its beauty and general merchandise category is growing nearly 50 per cent

Accenture beats Q4 revenue guidance, projects 3-6% growth for FY27

Fourth-quarter revenue rose 6 per cent to $18.7 billion, beating guidance, while Accenture projected 3-6 per cent growth for FY27, offering some comfort to Indian IT firms

Jio Platforms IPO in final stages after concluding worldwide roadshows

Jio Platform is giving final touches to its public offer documents, touted as India's largest at an estimated $3.8 bn, after concluding worldwide roadshows, according to a source

TVS Motor total vehicle sales rise 24% to 672,790 units in September

TVS Motor Company said its total vehicle sales grew 24 per cent to 672,790 units in September as against 541,064 units in the same month last year.

Coal India raises September supplies 12.5% amid growing demand for power

Supplies to the power sector rose 10.63 per cent to 48.9 million tonnes in September, while coal production increased 9.18 per cent to 53.5 million tonnes, CIL said

MP Tourism, Royal Enfield begin two-year partnership for adventure tourism

A 10-day expedition will take 22 riders through Madhya Pradesh's wildlife and heritage destinations as the partners develop motorcycle routes and promote responsible tourism

Phi Commerce elevates Rajesh Londhe to CEO, targets international growth

Londhe will lead global strategy and international expansion, while former CEO Jose Thattil becomes executive chairman to oversee strategy, fundraising and partnerships

Canara Bank's advances grow 16.83%, outpace deposit growth in September

Canara Bank's domestic advances rose to ₹12.63 trillion and deposits to ₹15.48 trillion, while several other lenders also reported strong credit growth in quarterly updates.

Sebi keeps Inox Clean Energy's IPO papers to raise ₹10K cr in abeyance

Markets regulator Sebi has kept in 'abeyance' the draft offer documents of Inox Clean Energy Ltd, which is looking to raise up to Rs 10,000 crore through an initial public offering (IPO).

Nykaa Fashion offers six-month zero-commission model for apparel brands

Brands joining Nykaa Fashion's Hidden Gems accelerator will pay no commission for six months and gain access to marketing support, mentorship and preferential visibility

NTPC Q2 power generation grows 13% to 118 bn units; coal dispatch up 28%

NTPC's coal dispatch rose 28.45 per cent year-on-year to 11.899 million metric tonnes in the July-September quarter from 9.260 MMT a year earlier

IndianOil brings packaged water to the pump in a non-fuel revenue push

State-owned IndianOil has invited expressions of interest from aggregators to manufacture, distribute and roll out its own packaged drinking water brand across its nationwide retail network

Anarock Property Consultants files DRHP to raise ₹1,000 cr via IPO

The issue comprises a fresh issue of up to Rs 550 crore and a Rs 450 crore OFS, with proceeds earmarked for AI, talent expansion and acquisitions

Adani Green Energy expands BESS capacity, achieves 70% of FY27 target

The 6.63 GWh battery energy storage system (BESS) supports peak electricity demand of cities like Nagpur, Patna or Vizag for several hours

Maruti Suzuki India total sales rise 24% to 236,000 units in September

Total domestic passenger vehicle sales rose nearly 37 per cent to 1,81,838 units last month from 132,820 units a year ago, a regulatory filing by Maruti Suzuki India said

Highway Infrastructure secures ₹245 cr toll contracts in UP, Tamil Nadu

The company has secured tolling contracts for the Gorakhpur Link Expressway and Velanchettiyur Fee Plaza, and expects over ₹400 crore revenue from the vertical in two years