Page 12 - Company News
Bank of Maharashtra reports 27% loan growth, 13% deposit growth
Domestic corporate loans expanded 21 per cent YoY to Rs 1.11 trillion
 "Bank of Maharashtra reports 27% loan growth, 13% deposit growth")
Nestle Business Services chooses Hyderabad for first India GCC operations
Nestle Business Services will establish its first Global Capability Centre in India in Hyderabad, partnering with Genpact to strengthen technology-enabled global business services
 "Nestle Business Services chooses Hyderabad for first India GCC operations")
Lockheed Martin to acquire Ultra Maritime in $3.45 billion deal
The acquisition of Advent-owned Ultra Maritime will bolster Lockheed Martin's capabilities in anti-submarine warfare and undersea defence technologies
 "Lockheed Martin to acquire Ultra Maritime in $3.45 billion deal")
Megha Engineering completes concrete pour for 700 MW PHWR at Kaiga plant
The milestone marks the completion of a major concrete pour for Kaiga Units 5 and 6, with the 700 MW PHWRs expected to achieve criticality around five years after construction began
 "Megha Engineering completes concrete pour for 700 MW PHWR at Kaiga plant")
Powergrid secures 80 billion yen green loan from JBIC for HVDC project
The funding from the Japan Bank for International Cooperation will support Powergrid's Khavda-Nagpur HVDC transmission project to evacuate renewable energy from Gujarat
 "Powergrid secures 80 billion yen green loan from JBIC for HVDC project")
Why quick commerce has become a battle no retailer can afford to lose
Quick commerce has moved beyond emergency groceries, forcing Amazon and other retailers to fight to become the first app consumers open whenever they need to buy something
 "Why quick commerce has become a battle no retailer can afford to lose")
TPG partners ICICI Bank, GIC to acquire Aseem Infra Finance from NIIF
TPG, backed by GIC and ICICI Bank, to acquire Aseem Infrastructure from NIIF, strengthening its push into India's climate and infrastructure financing
 "TPG partners ICICI Bank, GIC to acquire Aseem Infra Finance from NIIF")
Indian IT majors set for subdued Q1 as AI shift, weak demand weigh
Analysts expect weak constant-currency growth as AI-led pricing pressure, cautious client spending and geopolitical uncertainty weigh on demand despite currency gains
 "Indian IT majors set for subdued Q1 as AI shift, weak demand weigh")
Oberoi Realty records ₹8,109 crore bookings for its first NCR project
The Mumbai-based developer said its Gurugram luxury project, Three Sixty North, recorded bookings for about 2.31 million square feet of saleable area
 "Oberoi Realty records ₹8,109 crore bookings for its first NCR project")
Prestige Estates acquires 50% stake in Advent Hotels for ₹504 crore
The realty firm will jointly develop a 1.5 million sq ft commercial project in Mumbai's Andheri East with an estimated gross development value of ₹4,500 crore
 "Prestige Estates acquires 50% stake in Advent Hotels for ₹504 crore")
Ashok Leyland, Rosmerta join hands for end-of-life vehicle scrappage
The partnership will give Ashok Leyland customers access to Rosmerta's authorised scrappage facilities, along with support for deregistration and statutory documentation
 "Ashok Leyland, Rosmerta join hands for end-of-life vehicle scrappage")
India's deal value more than doubles as companies chase global assets
India's deal value jumped 127% to $36.3 billion in Q2 as large overseas acquisitions lifted M&A to a four-year high, even as overall deal volumes fell 18% from the previous quarter, finds a new report
 "India's deal value more than doubles as companies chase global assets")
Raymond hires ex-BEL chief Bhanu Prakash to lead defence business
At Raymond, Bhanu Prakash Srivastava will be responsible for shaping the company's long-term defence strategy and overseeing its growth plans in the segment
 "Raymond hires ex-BEL chief Bhanu Prakash to lead defence business")
Granules India gets sole first-to-file status for narcolepsy drug Lumryz
The drugmaker's generic version of Lumryz could benefit from 180-day exclusivity in the US market if it meets regulatory requirements
 "Granules India gets sole first-to-file status for narcolepsy drug Lumryz")
Ashok Leyland partners with Rosmerta Recycling to boost CV scrapping
The move is in line with the central government's voluntary vehicle modernisation programme, which encourages the replacement of older, polluting vehicles with cleaner and more efficient alternatives
 "Ashok Leyland partners with Rosmerta Recycling to boost CV scrapping")
Glenmark launches generic schizophrenia, bipolar disorder drug in US
The company's arm Glenmark Pharmaceuticals Inc, USA has launched Olanzapine for injection of strength 10 mg/vial, single-dose vial, Glenmark said in a regulatory filing
 "Glenmark launches generic schizophrenia, bipolar disorder drug in US")
Bank of Maharashtra posts 27% loan growth, business crosses ₹6.5 trn in Q1
The Pune-based public sector lender's outstanding credit stood at ₹2.41 trillion at the end of the April-June quarter of FY26, BoM said in a regulatory filing
Ather Energy planning to raise $200 million via institutional share sale
EV two-wheeler maker may launch a qualified institutional placement as early as next week to fund capacity expansion, retail growth and new product development
 "Ather Energy planning to raise $200 million via institutional share sale")
StanChart shuts 20 India branches, sharpens focus on wealth management
The development comes as the British lender is turning its focus toward advisory-led services like wealth management
 "StanChart shuts 20 India branches, sharpens focus on wealth management")
Will step up tech-led healthcare expansion via Fortis: IHH Healthcare
Malaysia's IHH Healthcare plans to expand technology investments in India through Fortis, focusing on AI, precision medicine, advanced oncology and healthtech startups
 "Will step up tech-led healthcare expansion via Fortis: IHH Healthcare")