Page 16 - Company News

Gautam Adani, 4 group companies settle matter with Sebi on MPS norms

Gautam Adani, four Adani group firms and 13 others paid a cumulative ₹1.48 crore to settle proceedings over alleged non-compliance with minimum public shareholding norms.

Sagarmala Finance withdraws ₹600 crore blue bond issue on higher coupon

The maritime lender received bids worth ₹525 crore at coupons ranging from 7.69 per cent to 8.44 per cent, against its plan to price the 10-year bonds below 8 per cent

Tata Trusts propose Tata Sons rejig to shed NBFC status, keep it private

Tata Trusts have proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers with Tata Sons to help it shed its NBFC and CIC classifications and remain unlisted

Physical AI firm SiMa.ai raises $150 mn in Series C, valued at $1.45 bn

The funding takes SiMa.ai's total capital raised to $500 million and will help accelerate the scaling of Palette Neat and development of next-generation hardware

Arovia Consumer raises ₹100 cr from Fireside to scale regional food brands

Former Soulfull founder Prashant Parameswaran launches platform to take significant stakes in regional packaged-food businesses and help them expand beyond home markets

Clean Max Enviro Energy raises ₹2,500 cr through green debt securities

Renewable energy solutions provider Clean Max Enviro Energy on Monday said that it has raised Rs 2,500 crore through the issuance of green debt securities on a private placement basis.

Samsung hikes Galaxy S26 series prices by up to 17% ahead of festive season

Korean electronics major Samsung has increased the price of its flagship Galaxy S26 series by up to 17 per cent, industry sources tracking the mobile phone segment said.

IEX subsidiary Indian Coal Exchange applies for coal exchange licence

The proposed physical delivery-based exchange will provide a transparent, technology-enabled marketplace for coal trading under the Coal Exchange Rules, 2026

Air India's CEO-designate pitches for cost discipline, sustainable profits

Air India's incoming CEO Gebremariam emphasised the need to improve financial performance and announced plans to introduce programmes that will reward staff who come up with ideas to bring down cost.

Morepen Laboratories files its first US ANDA for sitagliptin tablets

The filing for sitagliptin tablets in three strengths marks Morepen's entry into integrated finished-dose development and regulatory filings in the US market

Flipkart Ventures invests in AI startups Alive, Keploy to drive growth

The two startups will receive capital support, strategic mentorship, operational expertise and access to Flipkart's broader ecosystem to help them build and scale

Switch Mobility secures order for 840 e-buses for Delhi under PM E-Drive

The order comprises 420 9-metre and as many 12-metre AC electric buses for deployment with the Delhi Transport Corporation (DTC) and Transport Department, Delhi

MSD appoints Vidhya Sundaram as Associate VP of Global Technology Centres

Vidhya, based in Hyderabad, will oversee MSD's global Technology Centre strategy, working closely with global technology leaders to deepen collaboration across locations and support business outcomes

Godrej Properties to develop ₹6,000 crore luxury housing project in Mumbai

The 2.5-acre Marine Lines project is expected to have a revenue potential of ₹6,000 crore as the developer expands its premium and luxury housing portfolio in Mumbai

Tata Projects, MDS Aero to develop aero-engine testing infra in India

The companies aim to support the development of advanced testing infrastructure for India's rapidly growing aerospace and propulsion ecosystem

Going public: How listing changes company's compliance, governance, culture

Once shares begin trading, management must report to investors through financial results, material disclosures and regular shareholder communication

Sun Pharma bags rights to $3.7 billion cholesterol drug market globally

Sun Pharma will commercialise and manufacture LIB Therapeutics' once-monthly cholesterol drug outside the US and China after its EU approval

IEX subsidiary Indian Coal Exchange applies for trading licence with CCO

Indian Coal Exchange will operate as a physical delivery-based coal trading exchange, providing a technology-enabled marketplace that brings buyers and sellers together on a single platform

NMDC commissions ₹5,427 cr integrated iron ore project in Chhattisgarh

NMDC's new project includes a new iron ore processing plant at Bacheli, a 15 million tonne per annum (MTPA) slurry pipeline and a 2 MTPA pellet plant at Nagarnar.

HSBC makes big push for affluent clients in India to drive growth

The growth drive puts HSBC in more direct competition with larger local rivals including ICICI Bank Ltd. and Kotak Mahindra Ltd. for a slice of India's fast-expanding wealth pool