Page 176 - Company News

JSW Group spreads wings across energy, cement, ports, paints and EVs

The journey from 1.6 mt of steel capacity in 2002 to 35.7 mt (including 1.5 mt in the US) has been driven by a mix of acquisitions and organic growth

Tata Consumer Products rolls out price cuts across many of its tea brands

Tata Consumer Products has reduced tea prices across brands as bulk rates ease, with margins set to recover by Q3 and plans to expand rural reach and premium portfolio

Jindal Steel International looks to buy Thyssenkrupp's German unit

thyssenkrupp AG confirmed that it has received a non-binding, indicative offer from Jindal Steel International for the purchase of thyssenkrupp Steel Europe

With no exports, sanctions-hit Nayara Energy ups fuel supply to HPCL

Sanctions-hit Nayara Energy is operating at 60-80% of refining capacity and has raised supply of refined products to HPCL as EU curbs ended its exports

India Ratings upgrades Adani Green Energy's long-term rating to AA

India Ratings raised AGEL's rating to AA with stable outlook, citing stronger debt profile, lower refinancing needs, and higher operating cash flows supporting repayments

JSW Paints gets CCI nod to acquire up to 75% stake in Akzo Nobel India biz

The acquisition will make JSW Paints the fourth-largest player in the country's paint industry

Coal India hikes mine fatality ex gratia to ₹25 lakh, adds salary plan

Coal India raised ex gratia for mine fatalities to Rs 25 lakh and launched a salary package with Rs 1 crore accident cover for regular staff and Rs 40 lakh for contract workers

Sahara Group disposed of assets in 'secret' cash deals, says ED

The federal probe agency filed a chargesheet in the matter before a special Prevention of Money Laundering Act (PMLA) court in Kolkata on September 6

Dr Reddy's launches 'Tegoprazan' in India for acid peptic diseases

Tegoprazan, a next-generation acid blocker, offers faster relief and lasting control for GERD, NERD, and gastric ulcers, addressing India's rising acid peptic disease burden

Thyssenkrupp receives non-binding bid from Jindal Steel for TKSE unit

Thyssenkrupp said it would closely examine the offer "particularly with regard to economic sustainability, the continuation of the green transformation and employment at our steel sites"

Zepto ties up with ClearTax to help delivery executives file ITRs

Quick commerce firm Zepto on Tuesday said it has partnered with ClearTax to offer income tax return filing services for its delivery workforce, enabling refunds worth over Rs 1.5 crore to date.

P&G Health appoints Shashank Srowthy as new CFO effective October 1

P&G Health appointed Shashank Srowthy as chief financial officer from October 1, succeeding Lokesh Chandak, who moves to a regional finance role in P&G Asia

No ITC for hotel rooms up to Rs 7,500 under 5% GST, says FinMin

Finance Ministry clarified that hotels must levy 5% GST without ITC on rooms up to Rs 7,500, a move industry bodies warn could hurt mid-scale and budget hotels

Mahindra Lifespaces to redevelop Chembur societies worth ₹1,700 crore

Mahindra Lifespaces to redevelop two housing societies in Chembur with Rs 1,700 crore potential, strengthening its Mumbai redevelopment pipeline

Zomato parent Eternal hits ₹3.16 trillion mcap, overtakes ONGC, Adani Ports

Eternal's share price has risen over 2.75 per cent in the past month and more than 31 per cent over the last three months

Ola Electric hits 1 mn production mark, launches special edition RoadsterX+

To mark the milestone, the company has rolled out a special edition RoadsterX+ in a midnight blue, with sporty red accents across dual tone seat, rims and the battery pack

TCS announces deal with ARN Media to modernise technology, business ops

TCS uses its global delivery capabilities and expertise in the communications and media industry to deliver technology, media, and finance operations services for ARN Media

Indigo to launch direct flights to Copenhagen from Mumbai starting Oct 8

For Indian travellers, this direct link provides efficient access to the Nordics, while strengthening trade, education, and tourism ties between the two regions

Avaada Group commissions 11 solar plants in Maharashtra under MSKVY 2.0

The projects are expected to benefit nearly 14,900 farmers across 167 villages by improving irrigation facilities, reducing costs, and creating additional income opportunities

Srinivas Phatak appointed new Unilever PLC CFO, to join board immediately

Before succeeding Fernando Fernandez, Srinivas Phatak served as deputy CFO and controller from 2022. Phatak joined Unilever in 1999, working in finance and commercial roles in India