Page 179 - Company News
Activewear maker TechnoSport to invest ₹200 cr to open 300 exclusive stores
The decision to expand through exclusive brand outlets (EBOs) follows a 40 per cent compound annual growth rate (CAGR) since 2022
 "Activewear maker TechnoSport to invest ₹200 cr to open 300 exclusive stores")
Britannia banks on local strategy to counter rivals, rules out price war
Britannia has been doing cost optimisation of almost 2 per cent of revenue saving for almost last 13 years
 "Britannia banks on local strategy to counter rivals, rules out price war")
UBL targets 6-7% growth this year, bets on GST reforms to boost demand
Besides, premiumisation is also expected to grow by 25 per cent and the long-term outlook for UBL
 "UBL targets 6-7% growth this year, bets on GST reforms to boost demand")
Hyundai looks at 'double engine' boost on growth post GST rate cut
The company's domestic sales in the April-August period this fiscal were down 11.2 per cent at 2,20,233 units as against 2,47,992 units in the same period last fiscal
 "Hyundai looks at 'double engine' boost on growth post GST rate cut")
Tata Technologies to acquire ES-Tec Group in €75 million full buyout deal
The company has entered into a definitive agreement to acquire 100 per cent equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group), Tata Technologies said in a statement
 "Tata Technologies to acquire ES-Tec Group in €75 million full buyout deal")
NCLAT upholds order recalling insolvency case against Logix Infra
NCLT direction came after the petition filed by a homebuyers' association, which alleged collusion between the financial creditor and debtor
 "NCLAT upholds order recalling insolvency case against Logix Infra")
Adani Power to invest $3 bn to set up 2400 MW power project in Bihar
Adani Group signed a 25-year PSA with Bihar State Power Generation Company to supply power from its upcoming Pirpainti project in Bhagalpur district
 "Adani Power to invest $3 bn to set up 2400 MW power project in Bihar")
Flipkart Internet FY25 revenue rises 14%, losses narrow 37% on IPO prep
Flipkart Internet, the marketplace arm of Flipkart, posted ₹20,493 crore in revenue and cut losses to ₹1,494 crore in FY25, as the Walmart-owned firm readies for a public listing
 "Flipkart Internet FY25 revenue rises 14%, losses narrow 37% on IPO prep")
Apollo Hospitals to acquire IFC's 30.5% in health and lifestyle arm
Apollo Hospitals to acquire IFC's 30.58% stake in AHLL for Rs 1,254 crore, taking ownership to 99.42%, and invest Rs 573 crore in a next-gen proton therapy centre in Gurugram
 "Apollo Hospitals to acquire IFC's 30.5% in health and lifestyle arm")
Tata Sons board discusses A-I future; no decision on director appointments
Tata Sons discussed Air India's future plans but deferred filling vacant board seats after key retirements
 "Tata Sons board discusses A-I future; no decision on director appointments")
Giorgio Armani's Will directs heirs to sell majority stake, consider IPO
The late designer's will calls for an initial 15 per cent sale within 18 months, followed by up to 54.9 per cent more in 3-5 years
 "Giorgio Armani's Will directs heirs to sell majority stake, consider IPO")
Policy stability key to India's manufacturing future: Maruti Suzuki MD
Takeuchi cited Suzuki Motor Corporation's decision to produce its first global electric vehicle, the e-VITARA, in India as evidence of the country's rising status in world markets
 "Policy stability key to India's manufacturing future: Maruti Suzuki MD")
Myntra partners with Vellvette Lifestyle to launch beauty brand for Gen Z
Fashion ecommerce retailer woos India's Generation Z consumers with hybrid skincare-makeup products
 "Myntra partners with Vellvette Lifestyle to launch beauty brand for Gen Z")
DMRC signs six-year deal with Alstom to boost red, yellow line service
The move reflects DMRC's ongoing efforts to ensure high service standards and operational efficiency on its key metro lines -- the Red Line (Line-1) and Yellow Line (Line-2) --, the statement said
 "DMRC signs six-year deal with Alstom to boost red, yellow line service")
US SEC grants tech giant Infosys exemptive relief for ₹18,000 crore buyback
The US Securities and Exchange Commission (SEC) has granted exemptive relief for Infosys' share buyback as requested by the company, according to a statutory filing on Friday.
 "US SEC grants tech giant Infosys exemptive relief for ₹18,000 crore buyback")
BHEL wins ₹23 crore order to supply KAVACH system to Indian Railways
According to a regulatory filing, Bharat Heavy Electricals Ltd (BHEL) has received an order from Indian Railways (South Western Railway)
 "BHEL wins ₹23 crore order to supply KAVACH system to Indian Railways")
Alibaba to raise $3.2 bn via convertible bonds to fuel cloud, global push
The notes will mature in Sept 2032 via private sale to non-US investors; notes carry no interest but can be converted into US-listed shares, cash or a mix
 "Alibaba to raise $3.2 bn via convertible bonds to fuel cloud, global push")
Hyundai CEO says Georgia battery plant faces 2-3 month delay after raid
The plant, one of the major industrial sites that South Korean companies are currently building in the US, was slated to begin operations later this year
 "Hyundai CEO says Georgia battery plant faces 2-3 month delay after raid")
TCS inks pact with C-DAC to develop India's sovereign cloud ecosystem
The collaboration will focus on research to develop indigenous technologies and deliver scalable
 "TCS inks pact with C-DAC to develop India's sovereign cloud ecosystem")
Coal India to enhance workers' ex-gratia to ₹25 lakh from Sept 17: Minister
In a historic step, Coal India Ltd will introduce uniforms for all its employees, including the chairman and managing director, for the first time after the country's Independence
 "Coal India to enhance workers' ex-gratia to ₹25 lakh from Sept 17: Minister")