Page 19 - Company News

Vedanta sets May 1 as record date for long-awaited demerger plan

Vedanta moves ahead with restructuring plan to split into four independent listed entities, with shareholders to receive one share in each business

HPCL delays refinery inauguration after fire at Rajasthan project site

Massive fire near crude distillation unit at Balotra refinery site prompts postponement of PM Modi's visit; no casualties reported, probe underway

Lilly backs regulatory action after fake Mounjaro seizure in Gurugram

Drugmaker highlights patient safety risks and pledges cooperation with authorities after seizure of suspected counterfeit Mounjaro products in Gurugram

Vedanta revised JAL bid after learning evaluation standing: Lenders

Lenders allege Vedanta altered its JAL bid after accessing sensitive scoring details, raising concerns over fairness in the insolvency resolution process

PayU inFINity 3.0 cohort to co-create projects within Prosus ecosystem

Selected fintech startups under PayU's accelerator programme to access Prosus ecosystem, mentorship and grants to scale solutions focused on financial inclusion

In uncertain times, travel platform Thomas Cook launches visa insurance

Thomas Cook India launches visa rejection insurance to protect travellers from non-refundable losses amid evolving global travel uncertainties

Bhinder steps down as Aavas Financiers MD & CEO; Manu Singh to succeed

Aavas Financiers board accepts Bhinder's resignation and appoints Manu Yeshpal Singh as successor, with the transition subject to regulatory and shareholder approvals

Table Space adds 4.25 lakh sq ft workspace in Pune, Navi Mumbai for GCCs

Expansion across Pune and Navi Mumbai takes Table Space's Maharashtra footprint to 2.6 million sq ft as demand from global capability centres continues to rise

Tissot launches official e-commerce platform in India, enters direct retail

Swiss watchmaker Tissot debuts its official online platform in India, aiming to deepen customer engagement and strengthen its digital presence in a fast-growing market

NDR InvIT to raise ₹726.8 crore via preferential issue to fund acquisitions

Funds to be used for asset acquisitions including NDR Space and capex needs, as InvIT looks to expand its warehousing and industrial parks portfolio across key markets

Understanding Trusts: What they are, how they work, and why they matter

As wealth becomes more complex, the trust structure is emerging as a vital tool for founders and families. Here's a simple breakdown of what they are, how they function, and why they matter

Jindal Stainless enters retail, expands into construction value chain

The move will allow the company to directly reach end-consumers, builders and fabricators, moving beyond its traditional B2B model.

'Samsung sees innovation, education as enabler of progress in India'

The company, which increased its CSR commitment in India to Rs 193.89 crore for 2025-26, from Rs 144.48 crore in 2024-25, has helped 15 lakh people benefit from Samsung India's citizenship programmes

Groww faces earnings test after stock surge makes it expensive brokerage

Groww is likely report net income doubled to ₹660 crore in the three months through March from a year earlier, according to analyst estimates

Bai Hirabai Trust to alter clauses on trustee eligibility: Tata Trusts

Move comes days after former trustee Mehli Mistry challenged the appointments of Venu Srinivasan and Vijay Singh to the Bai Hirabai Trust in a complaint to the Maharashtra Charity Commissioner

2 of 3 life trustees at Sir Ratan Tata Trust may need to step down

Immediate corrective action mandated to comply with rules

HDFC Bank to sustain FY26 credit growth momentum, cautious on FY27

HDFC Bank plans to sustain FY26 credit growth momentum but avoids FY27 guidance, citing geopolitical risks, while focusing on stable funding metrics and balanced growth

Shriram Finance cuts FD rates across tenures, new rates effective May 6

Shriram Finance has cut fixed deposit rates across multiple tenures, with revised rates effective May 6, impacting returns for retail investors and fixed investment plans

Nipha Group to expand agri machinery business across 20 states, 10 nations

Its chairman Mahesh Chandra Shah said the Indian agricultural ecosystem was at an inflection point where mechanisation and entrepreneurship must come together

Adani Enterprises arm sets up three hotels, real estate airport city units

The new entities will undertake real estate activities including construction, along with hotels featuring integrated restaurants, banquets and business centres