Page 16 - Company News

Grasim to invest ₹3,094 cr to expand Lyocell capacity in Karnataka

It will support Grasim to participate in the growing global demand for sustainable and high-performance textile materials

Bank of India launches Mumbai hub for partnership-led financing businesses

The Strategic Business Branch will house co-lending, pool buyouts, TReDS and supply chain finance operations under one roof to improve efficiency and risk oversight

Kumar Shanker takes charge as managing director of Indraprastha Gas

Former Maharashtra Natural Gas chief succeeds Kamal Kishore Chatiwal and brings more than three decades of experience across the oil and gas value chain

Household PNG needs to be cheaper to accelerate adoption: Former IGL chief

IGL's former Managing Director Kamal Kishore Chatiwal says a larger cost advantage over LPG and lower APM gas prices could accelerate household PNG adoption as India seeks to reduce import dependence

BPCL to shut crude units at Mumbai refinery in September, says report

BPCL plans to shut a 120,000 bpd crude unit and secondary units at its Mumbai refinery for routine maintenance in September-October

Vedanta rebrands copper, nickel businesses as Vedanta Copper, Nickel

Vedanta Nico, renamed as Vedanta Nickel, will sharpen its focus on building a domestic nickel ecosystem and supporting the country's demand for critical minerals

Refex Mobility crosses ₹100 cr revenue mark, posts 2.5x growth in FY26

Refex Mobility crossed ₹100 crore revenue in FY26, driven by rapid EV fleet expansion, enterprise demand and growth in app-based cab rentals

TCS signs deal to modernise Canada Life's IT infra services across Europe

The agreement will see TCS modernise and manage Canada Life's IT infrastructure across its European businesses, leveraging AI and digital capabilities to improve resilience and automation

BEML bets on India's rail, defence boom, targets ₹31,000 cr orders

The state-owned earthmoving equipment, railway rakes, and wagon maker expects diversification across defence and mining businesses to support growth

Adani Ports bags 10-year contract for Argentina's first LNG export project

Contract has been awarded to APSEZ's step-down subsidiary, Adani Harbour International FZCO, through a consortium with Argentina-based Meridian Group

Enterprise AI adoption low due to high token usage, low RoI: Cognizant CEO

Cognizant CEO Ravi Kumar says excessive AI token spending without clear business outcomes is widening the gap between AI capabilities and enterprise adoption

Moët Hennessy eyes double-digit growth in India amid premiumisation push

Moët Hennessy India is betting on premium whisky, rising demand in smaller cities and experiential consumption to drive strong double-digit growth

LIC in talks with regulators to expand long-term instruments: CEO

He further said the sector regulator, Insurance Regulatory and Development Authority of India (IRDAI), has also been taking proactive steps in ensuring that the evolving needs of the market

M&M bets beyond tractors to drive farm mechanisation and rural enterprise

Expands focus beyond tractors into harvesters, seed drills and telematics-led services

Services, digital business emerge as drivers of TaMo CV arm's earnings

Iveco seen as technology and global expansion platform; EVs and hydrogen remain central to future strategy

Sattva explores data centres, expands Mumbai redevelopment pipeline

The Bengaluru-based developer is evaluating data centre opportunities while expanding its Mumbai presence through redevelopment-led residential and mixed-use projects.

Reliance Infra seeks review of surveillance framework linked to IBC

Reliance Infra has urged SEBI, NSE and BSE to review ASM-based trading curbs, saying restrictions hurt liquidity, price discovery and retail shareholders

Rajesh Exports may get dropped from PLI scheme, final decision in days

The Heavy Industries Ministry may remove Rajesh Exports from the ACC battery PLI scheme after SEBI's interim order alleging large-scale financial irregularities

Tata Motors to keep investing for cleaner mobility tech: Chandrasekaran

Tata Motors will continue investing in electric and hydrogen-powered commercial vehicles as it pursues cleaner mobility and next-generation transport technologies

Reliance Infra seeks review of weekly trading curb under ASM framework

Reliance Infra said that the current framework, which permits trading only once a week within a narrow 5 per cent price band, results in price movements that are largely mechanical