Page 16 - Company News

Ageas Federal Life Insurance aims 3x premium growth by FY28: CEO Gomes

Company is open to exploring non-life opportunities once composite licence is approved by Parliament

CBI books Anil Ambani's son, Reliance Home Finance in ₹228 cr bank fraud

The company had availed credit limits to the tune of Rs 450 crore from the bank's SCF branch in Mumbai for business needs, the complaint stated

Welspun One invests ₹550 crore to build logistics park in Pune's Talegaon

Welspun One will invest Rs 550 crore to develop a 1.2 msf grade-A logistics park on a 46-acre MIDC-notified land parcel in Talegaon MIDC Phase IV, Pune, targeting high-demand sectors

Will invest over $75 bn in energy transition space in 5 yrs: Gautam Adani

Adani said India is the world's third-largest electricity consumer, but its per capita consumption remains less than 1,400 kWh a year, less than half the global average

Birla Estates' premium Gurugram proj worth ₹1,800 cr sold out in 24 hrs

Birla Estates' premium Gurugram project Birla Pravaah sold out within 24 hours of launch, generating over Rs 1,800 crore in sales across 492 units as demand for premium homes stays strong

Sahaj Insurance gets Irdai licence, targets 100 mn rural policies in 1st yr

Sahaj Centres will offer a full suite of insurance products, with trained Sahaj Mitrs facilitating customer onboarding, support and claims assistance

Welspun One to invest ₹550 cr in 1.2 million sq ft logistics park in Pune

The masterplan includes four planned buildings ranging from around 100K sq ft to around 350K sq ft, offering flexibility for both high-throughput logistics players and industrial users

No airline will be allowed to cause hardship to passengers: Naidu

Civil Aviation Minister Ram Mohan Naidu said that IndiGo's internal rostering disruptions led to large-scale cancellations, causing inconvenience to thousands of passengers

JSW Steel reports 5% growth in crude steel production in November

The company's crude steel output was 2.323 million tonnes in the corresponding month of the previous fiscal, JSW Steel said in a filing to BSE

IndiGo asked to cut winter schedule by 5% amid high cancellations: Details

IndiGo has restored most flights, improved on-time performance and cleared major backlogs, delivering over 4,500 bags and issuing ₹827 crore in refunds

Why IndiGo's board is not keen on removing CEO Pieter Elbers amid crisis

Even as IndiGo's cancellations, delays and refunds mount, several board members argue Pieter Elbers' crisis-handling record and experience make his removal neither simple nor necessarily wise

PhysicsWallah Q2 results: Net profit jumps 70% to ₹69.7 cr, revenue up 26%

PhysicsWallah reported a nearly 70 per cent rise in Q2FY26 net profit to Rs 69.7 crore, while revenue grew 26 per cent and adjusted EBITDA margin improved to 26 per cent in its first post-IPO results

Starlink yet to unveil India pricing, working to secure final govt approval

Experts say tariff for Indian residential users not aimed at mass market, unlikely to impact telcos

On the road: Trump group set to invest nearly ₹1 trillion in Telangana

As Hyderabad plans 'Donald Trump Avenue', the conglomerate proposes investment in nearby future city

Financial services major Edelweiss new fund eyes ₹13,500 crore corpus

To provide finance to units in manufacturing, auto and pharma, among others

IPO wave big validation of tech ecosystem: SoftBank's Sarthak Misra

Sources confirmed that SoftBank's investment in value ecommerce player Meesho is sitting at 2x

Swiggy shareholders approve raising up to ₹10,000 crore via QIP route

Swiggy shareholders have cleared a plan to raise up to ₹10,000 crore via QIP as the company ramps up its quick-commerce push amid intensifying competition and rising capital deployments

L&T begins realty consolidation, to move Realty BU to L&T Realty arm

L&T has approved transferring its Realty BU to wholly owned L&T Realty through a slump sale under a scheme, kicking off a phased consolidation of all real estate assets under one entity

Price cuts drove market gains in November for Novo Nordisk's Wegovy

Novo Nordisk cut Wegovy prices in mid-November, driving a 70% consumption jump and higher market share. Pharmarack data show Lilly's Mounjaro still dominates sales

Tata Electronics, Intel sign MoU to explore chip making, packaging in India

Tata Electronics and Intel have signed an MoU to explore making Intel products at the Dholera fab and packaging chips at the Guwahati OSAT facility for the India market