Page 126 - Company News

Indian Oil to form trading JV with Vitol to expand global footprint

The partnership with Vitol will help Indian Oil cut crude-procurement costs from spot markets and improve margins through access to new buyers

BPCL buys crude from every place including Russia based on viability: CMD

A senior official of the Department of Petroleum and Natural Gas replying to a query on the crude imports from Russia said those decisions are not taken at country level but at company level

Goldi Solar sees over ₹1,400 cr capital infusion from Havells India, others

Besides, various high-net-worth individuals (HNIs), institutional and strategic investors have participated in the capital infusion, the Gujarat-based module maker said

Honda unveils electric SUV concept; to debut in Indian market in 2027

Although the market environment surrounding electrification continues to be uncertain, the company believes that, in the long run, the shift toward EVs will continue

L&T bags grid infrastructure orders of up to ₹5,000 crore in Saudi Arabia

As part of its National Renewable Energy Programme (NREP), Saudi Arabia is upgrading its electricity grid to support renewable energy projects

Serene Communities, Prathima to develop ₹400 cr senior living projects

The RERA-approved project comprises 265 residences across two- and three-bedroom homes (1,025-1,700 sq. ft.) priced from ₹60 lakh onwards

Bira 91 loses control of The Beer Cafe to investors amid cash crisis

Japan's Kirin Holdings and lender Anicut Capital have taken over The Beer Cafe from Bira 91's parent firm after it defaulted on loans, deepening the financial troubles of the craft beer maker

Amazon India likely to cut up to 1,000 jobs amid global restructuring

The layoffs are expected across functions such as finance, marketing, human resources, and technology

Bill Gates rejects 'doomsday' narrative, calls for balance on climate

Bill Gates urges a shift from "doomsday" climate narratives to strategies that balance emissions cuts with health, development, and adaptation ahead of the COP30 summit in Brazil

Apple joins elite $4-trillion market-cap club, third firm in history

Apple hits $4 trillion in market value, becoming the third company ever to do so, as strong iPhone 17 sales and easing trade pressures power a stunning 56% rally since April

Amazon to cut 14,000 corporate jobs as spending on AI accelerates

Included in the letter was a memo to Amazon staff last year from CEO Andy Jassy

Beauty parade in full swing as Reliance shortlists bankers for Jio IPO

RIL to finalise bankers for Jio Platforms' IPO by year-end; listing expected in first half of 2026, likely to be India's biggest at around $6 billion; recalibrates Russian oil imports amid US sanction

Warner Bros. Discovery sale unlikely to impact Indian market majorly

Experts say Warner Bros Discovery's potential sale or restructuring will not have a major effect on India, where its presence remains relatively small and partnership-driven

Noel and two other trustees vote out Mehli Mistry from Tata Trusts

Three of six Tata trustees, including Noel Tata, Venu Srinivasan and Vijay Singh, have opposed Mehli Mistry's reappointment, ending his tenure on the boards of the Dorabji and Ratan Tata Trusts

Lenskart CEO Peyush Bansal bets on AI, eyes up to $8 billion IPO valuation

Lenskart CEO says AI-powered eye testing and tech-led innovation will fuel global expansion as India's largest eyewear firm preps for IPO

Microsoft to retain 27% stake in OpenAI worth $135 bn after restructuring

Microsoft's new agreement with OpenAI follows its shift to a for-profit model under OpenAI Group PBC, redefining IP rights, AGI clauses and Azure service commitments

Big Blue: India at the heart of IBM's global playbook on AI, Cloud, quantum

IBM is reinventing itself around a trinity of AI, hybrid cloud, and quantum computing - with India at the heart of its global innovation and growth strategy

NCLAT rejects plea to stop Aakash EGM amid Byju's insolvency case

Tribunal says insolvency of Byju's cannot be used to restrict a solvent subsidiary's commercial independence as Aakash prepares for key rights issue

Signature Global raises ₹875 cr via IFC NCDs to fund housing, repay debt

The Delhi NCR-based developer will use the funds to develop mid-income and ESG-aligned housing projects, repay Rs 470 crore of debt, and strengthen its balance sheet

Sattva, Innovalus launch GCCBase to power India's next wave of GCC growth

Bengaluru-based Sattva Group and Innovalus unveil GCCBase, a unified platform to simplify and accelerate the setup and scaling of Global Capability Centres across India