Page 17 - Company News

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

Embassy Developments sees FY27 pre-sales at ₹8,000 cr: MD Aditya Virwani

Embassy Developments Ltd Managing Director Aditya Virwani highlighted that the company performed well during 2025-26 with sales bookings rising 128 per cent to ₹4,631 crore

Ola Consumer turns cash flow positive as rivals burn ₹100 cr a month

The company reported operating revenue of about ₹1,171 crore in FY25, ahead of Rapido's ₹934 crore. Industry estimates suggest the gap is even wider on a net revenue basis

NCLAT quashes Ligare Aviation's insolvency, cites round-tripping issue

the appellate tribunal said the material on record "clearly proves" that there was no financial debt disbursed by the financial creditor (Religare Enterprises) to corporate debtor (Ligare Aviation)

UK low-emission project facing delay over power access issues: Tata Steel

Before experiencing delays in securing power access, the company was looking to begin operations of the EAF project by late 2027 or early 2028

AlphaGrep enters MF space, eyes ₹25,000-30,000 crore AUM in 3-5 years

The move comes after the company received approval from the Securities and Exchange Board of India (Sebi) to commence mutual fund operations

Nestle India's royalty payment to parent rises 14% to ₹1,024 crore in FY26

In the preceding year of FY25, Nestle India paid a general licence fee of ₹899.41 crore and ₹89.71 crore as 'withholding tax on general licence fees'

Advent Convention and Hotels International buys Mumbai land for ₹275 crore

In November 2025, Advent Hotels International was listed on the BSE and NSE following its demerger from Valor Estate

Bridge Green launches Tamil Nadu's first critical mineral recovery facility

Bridge Green Upcycle has inaugurated Tamil Nadu's first dedicated critical mineral recovery plant for spent lithium-ion batteries, with plans to invest up to ₹1,000 crore over five years

Centre puts BHEL, SAIL on one-year notice, reviews 'Maharatna' status

Government review finds BHEL and SAIL falling short of the profitability threshold required for Maharatna status despite meeting turnover and net worth norms

Eli Lilly and Novo Nordisk looking beyond US for obesity drug growth

Novo Nordisk and Eli Lilly are expanding obesity drug access globally as demand grows beyond the US and cheaper semaglutide generics enter new markets

Govt considers selling 2% stake in Hindustan Zinc to raise ₹5,000 crore

The Department of Investment and Public Asset Management, which is under the Finance Ministry, aims to launch the process this month or in July

Maruti launches recurring deposit loan scheme for small car-buyers

Maruti Suzuki's new RD-backed auto loan scheme helps buyers build a down payment while enabling lenders to assess repayment discipline before loan disbursal

Tata Motors CV ready for next phase, but challenges ahead: N Chandrasekaran

Tata Motors chairman says the commercial vehicles business is poised for growth after the demerger, with technology, innovation and global expansion driving strategy

Food inflation shaped everyday choices in FY26: Nestle India CMD Tiwary

Nestle India chairman and MD Manish Tiwary says urban demand remained resilient while rural recovery depended on monsoon outcomes, farm income and government support

Over 75% of Meesho orders now come from AI-powered recommendations

Meesho says its PRISM recommendation engine is reshaping product discovery, with AI-driven personalised feeds powering most orders on the platform

ixigo to acquire 54.66% stake in Brevistay for ₹65.69 crore to boost hotels

Travel platform ixigo will acquire a 54.66 per cent stake in Brevistay for Rs 65.69 crore, expanding its hotel network and strengthening its accommodation business

Tata Trusts denies charges of impropriety in 1989 share transfer

Tata Trusts has rejected allegations over a 1989 share transfer, calling them baseless and asserting the transaction complied with all applicable rules

BMW Industries eyes ₹4,500 cr revenue from Bokaro steel complex by FY30

The company expects its Rs 803-crore downstream steel complex in Jharkhand to reach full-scale operations by FY28 and generate annual revenue of up to Rs 4,500 crore by FY30

Vingroup's Green SM enters Indian taxi market with electric cars

In the first phase, Green SM will operate its services - using VinFast's Limo Green model - in key areas of the National Capital Region (NCR), its statement noted