Page 17 - Company News

Zollner enters India with Avalon JV, to invest ₹1,000 crore in TN unit

European EMS major Zollner will initially own 51 per cent of the venture, which will manufacture high-precision electronics at a new facility in Kanchipuram

Moustache appoints PwC to raise ₹30-35 crore from family offices

The hospitality chain plans to tap family offices first and institutional investors later as it targets nearly 100 properties by the end of next year

Italian market regulator clears Tata Motors' tender offer for Iveco shares

TML CV Holdings will offer €14.10 per Iveco share, with the initial acceptance period running from September 7 to October 26 and payment scheduled for October 30

Ola Electric's first dealer-partner stores now open across seven states

Ola Electric has opened its first dealer-partner stores across seven states, marking a shift from its fully company-owned retail model to a network-led approach

JSW Energy's operational capacity crosses 15 GW, renewables at 60%

JSW Energy's total operational capacity has crossed 15,025 MW, with renewables accounting for 9,067 MW or 60 per cent, while the company remains on track for 3 GW of greenfield additions in FY27

Tata Realty appoints Gaurav Jain as MD and CEO to lead next growth phase

Tata Realty & Infrastructure has appointed Gaurav Jain as its MD and CEO from October 1, with the real estate executive bringing more than 23 years of industry experience

Adani Ports and SEZ to launch dedicated empty container yard at Mundra Port

Adani Ports will start dedicated empty container yard operations at Mundra Port to streamline container handling, improve turnaround and optimise logistics costs for shipping lines and customers

T-Mobile's Gopalan bets on AI, home internet to revive subscriber growth

T-Mobile CEO Srini Gopalan is banking on home internet and artificial intelligence to drive growth and revive the company's shares, which have fallen 25 per cent since he took the job

Meet Anil Chakravarthy, Adobe's new CEO succeeding Shantanu Narayen

Anil Chakravarthy will take over as Adobe CEO on December 1, succeeding Shantanu Narayen, after leading the company's digital experience business and worldwide field operations

Cipla partners with Qilu to license, supply Keytruda biosimilar in US

Cipla's US subsidiary Invagen Pharmaceuticals will market Qilu Pharmaceutical's QL2107, a biosimilar to Merck's cancer drug Keytruda, in the United States

PayPal cuts 220 India jobs as part restructuring plan announced earlier

The firm has outlined extensive cost-saving measures this year under newly appointed CEO, Enrique Lores, as it seeks to sharpen its competitive position in the crowded payments market.

EVs may account for 7-8% of FY28 sales: Hyundai Motor India MD & CEO

Automaker plans dedicated sub-four-metre electric model; targets 50 per cent combined share for EVs, hybrids and CNG vehicles by 2030

France's Carrefour returns to India, open to acquisitions for growth

As Carrefour plans to expand in India, Patrick Lasfargues, executive director - international partnership, Nilesh Ved, chairman of APPCORP Holding, owner of Apparel Grp. spoke on its India market plan

Cost pressures likely to impact near-term margins of cement companies

Higher fuel, freight and packaging costs could keep profitability under pressure, while cement demand is expected to regain momentum in the second half of FY27

Aditya Birla Group launches wires, cables business with ₹1,800 crore bet

Backed by an investment of Rs 1,800 crore, Ultravolt will start at a pan-India scale and aims to reach over 100,000 retailers and 5,000 UltraTech outlets

Companies not cutting jobs due to AI: Microsoft Indi's Puneet Chandok

Microsoft India and South Asia President Puneet Chandok says the transition to AI requires new skills, ways of working and organisational structures across companies

UBL targets mid-teens growth as premiumisation, beer reforms aid outlook

United Breweries sees significant headroom in India's underpenetrated beer market, with premiumisation, state-level reforms and productivity measures driving growth

Kenyan Prez ousts Tata Chemicals from 100-yr-old soda-ash mineral operation

The president said he asked a unit of the Mumbai-based company "to pack and go" because it has been exporting soda ash rather than using it at local facilities to make glass and chemicals.

Nvidia buys AI platform Hugging Face from OpenAI in a $13 billion deal

Buying Hugging Face is the biggest move yet in Nvidia Chief Executive Officer Jensen Huang's push to broaden the uptake of AI and extend his customer list.

Constl secures $90 mn project financing led by NaBFID for fibre expansion

The company said the financing will support the rollout of greenfield fibre networks across emerging AI corridors in India and investments in next-generation network technologies