Page 15 - Company News

DLF gears for senior housing entry, eyes sales in Mumbai, Panchkula in FY27

Developer says Q3 sales dropped due to Dahlias pause, no new launches

Bansal Wire plans to invest ₹2,500 crore in steel cord manufacturing unit

As part of the main project, the company has built a 20,000-tonne pilot facility with an investment of Rs 150 crore, which will be commissioned by the end of this year

State-run BPCL to sign $780 million oil deal with Brazil's Petrobras

Indian refiners are redrafting their oil import strategies, buying more oil from ​Middle Eastern, African and South American countries to make up for a reduction in Russian oil supplies

India Cements Q3 result: Loss narrows to ₹5.7 crore, revenue up 23%

Including the tax cuts, average pan-India cement prices ‌dropped 6 per cent on-year in the reported ​quarter, data from brokerage Ambit Capital showed

Milky Mist Dairy Food to invest ₹1,130 crore in Maharashtra dairy unit

Milky Mist Dairy Food has signed an MoU with the Maharashtra government to set up a large milk processing and dairy products manufacturing unit, creating about 800 direct jobs

SDHI secures $227 million shipbuilding contract from European firm

Swan Defence and Heavy Industries secured one of India's largest commercial shipbuilding contracts from Europe's Rederiet Stenersen AS to build six chemical tankers at its Pipavav shipyard

Chronos renews ₹148 crore bank guarantee to stay in IL&FS BKC race

Brookfield-backed Chronos Properties renewed the bank guarantee as directed by NCLAT, keeping its bid alive for IL&FS' Bandra Kurla Complex headquarters amid a dispute over the revised valuation

PIDF scheme impact to be offset by revenue growth, targeted sales: Paytm

The PIDF incentive was aimed at accelerating digital payments infrastructure across Tier-3 to Tier-6 centres, as well as underserved regions including the Northeastern states and Union Territories

Godrej Industries looking for acquisitions in consumer sector: Nadir Godrej

Nadir Godrej also said the group's food ​and agri business, Godrej Agrovet, is looking for prospects in the animal feed category

Fintech Juspay raises $50 mn in Series D follow-on at $1.2 bn valuation

Funding round led by WestBridge Capital includes primary and secondary investment

US SEC seeks alternative pathway to advance stalled Adani fraud case

The SEC's lawsuit, filed in November 2024, alleges that Gautam and Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd

SC issues notices to Anil Ambani, ADAG on PIL alleging banking fraud

The top court asked the CBI and the Enforcement Directorate, represented by Solicitor General Tushar Mehta, to file status reports in sealed cover in ten days

TASE Global inaugurates ₹150 crore aerostructures facility near Chennai

New Sriperumbudur unit marks company's entry into global aerostructures market, adds export capacity and skilled jobs

IndusInd Bank chairman Sunil Mehta to step down, Arijit Basu to succeed

Mehta will be succeeded by Arijit Basu, who most recently was the chairman at non-banking finance ​company HDB Financial Services, a unit of India's top private lender HDFC Bank

IndiGrid secures ₹1500 crore through institutional placement issue

The infrastructure investment trust said the issue was oversubscribed two times, with strong participation from domestic and foreign institutional investors

General Atlantic to acquire 7% stake in Balaji Wafers for over ₹2,000 crore

Balaji Wafers has entered into a "definitive agreement" with General Atlantic for a strategic investment, according to a joint statement

Indian Oil buys oil from Angola, Brazil, UAE to replace Russian crude

Indian refiners are recalibrating their strategies to shift away from top supplier Russia and boost imports from the Middle East

Radico Khaitan sees FY27 revenue growth above estimates on premium demand

Managing Director Abhishek Khaitan said on Thursday he expects sales volume in the company's "prestige and above" business, which makes up roughly half of its total revenue, to climb over 15%

Micron's $2.75 bn Gujarat chip plant to begin production by February-end

During his engagements at the World Economic Forum (WEF) in Davos, Ashwini Vaishnaw said that the value chain in critical minerals is complex and requires cooperation across multiple stages

Sun Pharma receives regulatory approval to sell generic Wegovy in India

Sun Pharma said it will launch generic semaglutide in India after the patent expiry in March 2026, becoming the second domestic drugmaker to secure regulatory approval for the blockbuster drug