Page 14 - Company News

Nestle India raising tech investment to bolster operations: Manish Tiwary

Firm remains focused on sustaining margin resilience

RIL value matches top 5 IT titans' combined market capitalisation

The combined market value of TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra has declined 46.2 per cent from a record ₹33.71 trillion at the end of August 2024 to ₹18.15 trillion

ACME, Mitsubishi sign $1 bn supply pact for Odisha green methanol unit

ACME Green Molecules and Mitsubishi Gas Chemical have signed a $1 billion long-term agreement for the annual supply of 100,000 tonnes of green methanol from Odisha

HCLTech wins $1.14 billion deal from Fortune Global 50 European client

The five-year deal with a European Fortune Global 50 company will help HCLTech transform and manage the client's global digital workplace and enterprise networks

Rising discretionary spending, formalisation key growth drivers for Titan

Titan expects rising discretionary spending, premiumisation and formalisation across categories, along with robust economic growth, to drive long-term demand for its branded products

Apollo Cancer Centres launches Guardant Health's Shield MCD test in India

Apollo Cancer Centres has partnered with Zydus Lifesciences to introduce Guardant Health's Shield Multi-Cancer Detection blood test, becoming the first healthcare institution in India to offer it

Dabur expects strong Q1 profit growth as price hikes cushion inflation

The FMCG major said higher prices helped offset inflationary pressures, while rural demand and international markets continued to drive growth

Fortis Healthcare signs pact with Dion Group for 300-bed Odisha hospital

The agreement marks Fortis Healthcare's first major presence in Odisha

BLS E-Services acquires Atyati Technologies for ₹157 cr in an all-cash deal

BLS E-Services, a subsidiary of BLS International, provides business correspondent (BC/rural banking outlets) services, loan distribution, and e-governance services, among others

Tata Power Renewable commissions 100.8 MW wind project in Maharashtra

The project comprises 28 SG 3.6-145 Wind Turbine Generators, based on advanced horizontal-axis wind turbine technology

JSW Steel starts construction of ₹16,350-crore Andhra Pradesh steel project

JSW Steel described the Rayalaseema investment as one of the largest industrial projects in the region

ToneTag unveils AI banking assistant for millions of small merchants

The voice-enabled platform lets banks deliver services through existing payment devices, aiming to deepen merchant engagement without new infrastructure

ICICI Bank plans first dollar bond sale in 9 years under RBI swap window

The lender is expected to raise at least $500 million through a likely five-year bond issue, according to the bankers familiar with the matter

MEIL to pump in ₹40,000 cr capex in 3 yrs, eyes ₹2 trn topline in 5 yrs

PV Krishna Reddy, Managing Director of MEIL, also said the group is aiming to take some of its subsidiaries to an Initial Public Offering every couple of years

NCLAT revives Chintamani Jewellery Arcade insolvency on Axis plea

NCLAT has revived insolvency proceedings against Chintamani's Jewellery Arcade after finding the company materially breached its settlement agreement with Axis Bank

Adani Enterprises, Abu Dhabi's IRH to invest $11.5 billion in Odisha

Integrated project, billed as India's largest FDI proposal in mining and metallurgy, will create over 53,500 jobs and strengthen the state's aluminium value chain

Bank of Baroda to pay $600 million to settle NMC Health litigation

Amount is equivalent to bank's net profit in Q4FY26

A first in India: StanC processes remittance under new Swift scheme

Bank completes cross-border payment from Australia in 37 seconds under Swift's new retail payments scheme, enabling near real-time credit to beneficiary bank

Tata Steel expects €500 million in Dutch operations Ebitda for FY27

Chairman Natarajan Chandrasekaran says Dutch operations remain self-funded, while the company targets 800 million-1 billion euros in EBITDA over the longer term

Amazon India legal chief steps up fight against fakes and AI-enabled scams

As Amazon commits $48 billion to India through 2030, legal chief Rakesh Mohan Bakshi says combating counterfeiting and AI-enabled fraud has become central to the company's strategy