Page 13 - Company News

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

MTNL to sell Powai property to I-T Dept for ₹891.53 cr amid debt burden

The sale, approved by the board on Thursday, comes as MTNL continues to face financial struggles and is monetising its non-core assets

Indian oil refiners change tactics, hire tankers to sail through Hormuz

Refiners are shifting from relying on Gulf producers and traders to transport crude through Hormuz, seeking to reduce the premium paid for cost-and-freight shipments

Amazon expands ultra-fast delivery service Amazon Now to over 120 cities

Amazon Now has doubled its footprint in two weeks, bringing minute-level deliveries to customers in cities including Amritsar, Abohar, Jalandhar, Ambala, Mangalore, Manipal, Vizag, Kochi, Changanasser

Novo eyes childhood obesity pilots in India, seeks wider public-sector role

Next-gen pipeline spans higher-dose, combination and oral therapies; company says it can meet India's demand for GLP-1 medicines as the market expands

Aurobindo Pharma's Acrotech enters US dermatology market with Adquey launch

To support the launch and expand this therapeutic segment, the company has set up a dedicated dermatology business unit, the filing said.

JSW Cement announces merger with its listed subsidiary Shiva Cement

JSW Cement will issue five shares for every 41 Shiva Cement shares held by public shareholders; the proposed merger is expected to be completed within 12-14 months

Subscriber gains positive but Vodafone Idea yet to bridge funding gap

Improving subscriber trends and ARPU offer some comfort, but Vodafone Idea still needs substantial funding to finance its ₹45,000 crore capex plan and meet obligations

MobiKwik co-founder Upasana Taku buys 1.07 lakh shares for ₹2.12 crore

Upasana Taku bought 1.07 lakh MobiKwik shares in two open-market transactions at about ₹198-199 apiece, taking her holding in the fintech firm to 80.65 lakh shares

Kajaria Ceramics eyes volume recovery, steady margins on stronger demand

Strong FY27 growth guidance, revival in the project segment and brownfield expansions are positives, while competition from Morbi players remains a key downside risk

IIFCL UK moves NCLT against Reliance Infrastructure arm over ₹1,745 cr dues

Lender seeks insolvency proceedings against Mumbai Metro One over alleged ECB default; NCLT flags limitation, Section 10A and other defects in the petition

Member of Tata Trusts seeks governance probe as rift deepens

Tata Trusts senior trustee Venu Srinivasan has sought an investigation into why the philanthropic arm is increasingly intervening in the commercial ‌affairs of Tata Sons.

UP dairy sector draws ₹695 crore investment proposals from 22 companies

Twenty-two companies proposed investments worth ₹695.18 crore across Uttar Pradesh at the UP International Trade Show, with the projects expected to create over 2,500 jobs

State Bank of India buys nearly 40% of Reliance's $1.35 billion debt sale

The state-run bank ‌is estimated to have bought bonds worth nearly 50 billion rupees, or about 40% of the offering

JSW Cement to merge its listed subsidiary Shiva Cement with itself

Board approves 5:41 swap ratio

Mangalore Refinery Petrochem cancels fuel export tenders after fire at site

MRPL ​notified buyers ​that it had withdrawn tenders to ​export diesel, jet fuel and reformate later this month, according to three company notices

L&T Transportation Infra vertical secures ₹3,500 cr contracts in Dubai

The two contracts cover roads, bridges, tunnels, an interchange and cycling infrastructure, with both projects scheduled for completion by the end of 2028

India key market for Canon, plans to expand retail network by 2027: CEO

The company, which aims for 10,000 active resellers in India by 2027, has been recording double-digit growth across its core businesses