Page 177 - Company News

SMPK signs concession agreement with JSW Infra for ₹740 cr project

The concession has been awarded for 30 years, with the terminal projected to handle 5 lakh TEUs annually, statement said

ICICI Prudential MF buys nearly 3% stake in Laxmi Dental for ₹49 cr

After the stake buy, shares of Laxmi Dental rose 0.25% to close at ₹306.70 apiece on the NSE while the scrip of the company fell 0.93% to settle at ₹303.25 per piece on the BSE

Legacy in a bottle: Family-run alcobev firms look beyond bloodlines

An internship at Bacardi gave him an opportunity to closely study the global alcobev giant. It helped him crystallise his mission: to not just sell liquor, but to elevate it to an experience

Ambani's Reliance raises nearly ₹21K crore in asset-backed securities

The Reliance offering drew a robust response, as it gave investors a chance to own top-rated asset-backed securities in a market still dominated by non-bank financial firms

Ola, Uber, Rapido get provisional licences for bike taxi services in Mumbai

The STA rejected Smart-Ride's application for failing to meet the necessary terms and conditions for operating a bike taxi service

Wipro partners CrowdStrike to launch AI-based CyberShield to boost security

The service is aimed at strengthening and simplifying cybersecurity for client companies

L&T bags ₹2,500-5,000 cr deal for Mumbai-Ahmedabad bullet train corridor

In April 2022, L&T was awarded a contract covering 116 km from south of Vadodara to the Sabarmati depot under the same project

TotalEnergies launches final phase of $27 bn Iraq energy project

The project aims to boost Iraq's oil, gas and power production, reduce imports from neighbouring Iran and lure back foreign investors

India at inflection point with huge AI opportunity: Tata Sons Chairman

"We are at an inflection point where we have an enormous opportunity to embrace AI to make a huge impact for our country," he said

Sanctions-hit Nayara Energy seeks govt help for refinery repair gear

Refineries typically shut roughly every four years for maintenance that can last 30 to 50 days. Nayara last shut its refinery for maintenance in November 2022

Ola Electric files PLI claim of Rs 400 crore, boosting financial prospects

As per industry sources, Ola has filed the claim with eligible sales of about Rs 3,000 crore for FY25, translating into an expected incentive of nearly Rs 400 crore

Sanctioned oil tanker Spartan nears Adani's Mundra Port in Gujarat

The Spartan, blacklisted by the UK and EU, is among the last sanctioned vessels to unload at Mundra after Adani Group's entry ban on such ships

TVS Motor, ALT Mobility partner to deploy 3,000 e-three wheelers in FY26

As part of the collaboration, TVS will provide vehicles, while ALT Mobility will procure, lease, and finance them through its ecosystem

Explained: How Google kept Chrome after its biggest antitrust showdown

The US court spared Chrome in Google's monopoly case, tightening rules on deals and data but stopping short of breaking up its massive ad business

Vantara gets clean chit in SIT report: 'In strict compliance with laws'

SIT headed by ex-Supreme Court judge Justice J Chelameswar finds facility in regulatory compliance; states allegations of mistreatment of animals, including elephants, are unsubstantiated

IndiGo to start 6 weekly direct flights on Athens route by early Jan 2026

The next-generation narrow-body A321 XLR is designed for longer ranges, allowing IndiGo to expand deeper into Europe, while maintaining the cost-efficiency of a single-aisle fleet

SBI, private banks' ₹13,483 cr Yes Bank stake sale to be 'tax-free'

SMBC's 20% stake purchase marks Japan's biggest bank's entry into India and the largest cross-border deal in the country's financial sector

Dutch tech investor Prosus scales up India AI play amid global headwinds

Dutch investor Prosus backs Arivihan, CodeKarma, and Deccan AI in quick succession, calling AI a central pillar of its India strategy as it plans multi-billion-dollar bets

At least 10 private equity suitors circle Balaji Wafers for 10% stake

Balaji Wafers in talks with global PE giants, eyeing up to 10% stake sale at ₹40,000 crore valuation; ITC lone FMCG suitor, IPO planned in 5-6 years

NTPC to set up nuclear projects on standalone basis, besides JV route: CMD

The company is collaborating with technology providers and state governments to explore individual nuclear projects, Singh has said