Page 148 - Company News

Balaji Amines accused of making pharma-grade chemical without licence

Balaji said it had tested its PG using US and Indian pharma standards at the behest of its non-pharma clients, and this was the reason why those standards were mentioned in its PG labels

Adani to partner with Google for India's largest AI hub in Visakhapatnam

The project will include massive data centres, subsea cable links and clean energy systems in Visakhapatnam to power India's advanced AI operations

Bira 91 faces major financial risks as FY24 audit flags losses, liabilities

The FY24 audit revealed the group's net worth fully eroded, with liabilities exceeding assets by ₹619.6 crore, negative cash flow of ₹84 crore and losses of ₹1,904 crore

Artha India Ventures announces first close of ₹500 cr Artha Venture Fund II

The Rs 500 crore micro VC fund will invest in 36 early-stage startups across premium consumption, fintech, AI, and deep tech themes

Nokia plans major India push with enterprise, data centre expansion

Nokia is aiming to grow its enterprise, data centre, and hyperscaler business in India to tap into the rapidly expanding technology market

Foxconn to invest ₹15,000 cr in Tamil Nadu, create 14,000 engineering jobs

Foxconn's new ₹15,000 crore investment in Tamil Nadu will focus on AI, value-added manufacturing, and R&D, creating 14,000 high-value engineering jobs across locations

ONGC plans 15% cost reduction to prepare for $60 per barrel crude price

Of the Rs 9,000 crore savings forecast, ONGC expects savings of Rs 4,300 crore by March 2026 as it implements 20 initiatives to boost cost efficiency

LG Electronics India poised to rise in trading debut after $1.3 bn IPO

More broadly, an opening-day surge by LG would bode well for other Indian companies planning to go public, particularly in the wake of Tata Capital Ltd. only rising 1.4 per cent in its debut

Polaris looks to separate Indian Motorcycle into standalone company

The divestiture comes at a time when Polaris is looking to streamline operations as it grapples with weak consumer demand and tariffs

Air India Express to launch direct Agartala-Bagdogra flight from Oct 26

The service will coincide with the beginning of the winter flight schedule, marking a new chapter in Tripura's aviation connectivity

SC refuses to entertain Asian Paints plea against CCI probe into mkt abuse

A bench of Justices JK Maheshwari and Vijay Bishnoi refused to interfere with the Bombay High Court order, which upheld the CCI probe

Windfall for major listed group companies if Tata Sons goes public

Seven listed Tata companies together own 12.1 per cent in Tata Sons with a combined book value worth around ~30,700 crore

Renewal of trustees' term in focus at Tata Trusts amid ongoing tension

Trustees at Dorabji Tata Trust, the key trust which along with Sir Ratan Tata Trust own a majority of share in Tata Sons, have had a three-year term

Muse, NPCI join hands for India's first wearables payment ecosystem

The new ecosystem allows users to make instant, secure payments by tapping Muses' smart ring on any NFC-enabled PoS terminal

Singapore High Court gives approval to WazirX's scheme of arrangement

This comes weeks after the majority of the platform's creditors approved its revised scheme of arrangement, paving the way for the redistribution of virtual digital assets (VDAs) on the platform

Dubai's Emirates NBD eyes majority control in RBL Bank for ₹15,000 cr

Emirates NBD is expected to buy around 26 per cent stake from institutional investors and then make an open offer for an additional 25 per cent, Mint reported

MapmyIndia seeks govt push to preload its Mappls app on smartphones

Mappls navigation and mapping services data are already used by Apple for Apple Maps, but Android devices use Google Maps

NDR InvIT Trust acquires MLG Warehousing at ₹143.9 crore valuation

The Grade-A warehousing asset spans approximately 4.63 lakh sq ft of leasable area and is built on around 21 acres of land, and marks strategic entry into Lucknow's logistics market, NDR InvIT said

Biba targets 15-20% annual growth as ethnic wear demand revives

Managing Director Sidharth Bindra says Biba has turned profitable since July and will expand rapidly, adding 100 stores next year amid rising festive demand

Anand Rathi Wealth Q2 FY26 results: Net profit up 31% at ₹100 crore

The company had posted a net profit of Rs 76.3 crore in the same quarter of the preceding fiscal, Anand Rathi Wealth said in a statement