Page 19 - Company News
Embassy Reit has 6.2 msf office development pipeline; eyes Hyderabad entry
Embassy Reit expects strong leasing demand to continue, targets 92 per cent occupancy in FY27 and is evaluating Hyderabad expansion
 "Embassy Reit has 6.2 msf office development pipeline; eyes Hyderabad entry")
The challenge before CEO Ashiss Kumar Dash: To boost Infosys growth
Infosys' revenue recorded a compound annual growth rate (CAGR) of 30.3 per cent during N R Narayana Murthy's period between financial year 1992-93 (FY93) and FY02
 "The challenge before CEO Ashiss Kumar Dash: To boost Infosys growth")
Bajaj Finserv enters reinsurance; third private player in one year
The board approved Bajaj Finserv's entry into reinsurance, subject to Irdai approval, as competition intensifies in a market long dominated by GIC Re
 "Bajaj Finserv enters reinsurance; third private player in one year")
IndiGo MD Rahul Bhatia's call for winning carriers faces a reality check
Indian carriers are losing share on international routes as foreign airlines strengthen their presence, underscoring the challenge of building global aviation champions
 "IndiGo MD Rahul Bhatia's call for winning carriers faces a reality check")
ITC's Q1 profit drops 27% as premium cigarette demand softens amid tax hike
India's ITC reported a 27% fall in quarterly profit on Friday, as fresh cigarette tax hikes this year squeezed margins, while staggered price hikes weighed on demand for pricier brands
 "ITC's Q1 profit drops 27% as premium cigarette demand softens amid tax hike")
L&T signs six-year EPC framework agreement with Oman's leading gas producer
L&T Energy Hydrocarbon Onshore has been selected as one of four EPC contractors for Petroleum Development Oman's upcoming FEED and EPC projects.
 "L&T signs six-year EPC framework agreement with Oman's leading gas producer")
Adani Energy may launch another institutional share sale next fiscal
Adani Energy Solutions has shareholder approval to raise up to ₹10,000 crore through shares in one or more tranches
 "Adani Energy may launch another institutional share sale next fiscal")
Tata Power begins work on Rs 5,750-crore Andhra renewable project
TPREL's 800 MW project combines solar, wind and battery storage under Andhra Pradesh's clean energy policy, with completion expected to boost renewable capacity
 "Tata Power begins work on Rs 5,750-crore Andhra renewable project")
Tata Digital's financial services chief Gaurav Hazrati exits amid revamp
Hazrati's departure comes as Tata Digital sharpens its focus on financial services and loyalty, while new CEO Sajith Sivanandan continues to reshape the leadership team
 "Tata Digital's financial services chief Gaurav Hazrati exits amid revamp")
Piramal Pharma eyes mid-teens growth in FY27, prioritises organic expansion
Higher capacity utilisation, operating leverage and broad-based demand across CDMO, hospital generics and consumer healthcare are expected to support margins in FY27
 "Piramal Pharma eyes mid-teens growth in FY27, prioritises organic expansion")
Hyundai Motor India Q1 net profit falls 35% on exports hit, supplier fire
Automaker retains FY27 growth and margin guidance as it expects production to normalise after supplier disruption and export weakness caused by the West Asia conflict
 "Hyundai Motor India Q1 net profit falls 35% on exports hit, supplier fire")
As uncertainty becomes the new normal, M&M must enter attack mode: Mahindra
Mahindra Group chairman says prolonged global uncertainty offers prepared companies an edge, with India poised to emerge as a multi-aligned 'connector economy'
 "As uncertainty becomes the new normal, M&M must enter attack mode: Mahindra")
NTPC builds more renewable energy capacity than coal for first time
Energy giant shifts focus from thermal power to solar, wind
 "NTPC builds more renewable energy capacity than coal for first time")
Zepto pauses IPO, to raise Rs 1K cr in pre-IPO round at $4.5 bn valuation
The capital infusion is expected to be led primarily by domestic investors to raise Indian shareholding in the company, which currently stands at around 40 per cent
 "Zepto pauses IPO, to raise Rs 1K cr in pre-IPO round at $4.5 bn valuation")
Mahindra's EV arm turns unicorn with ₹322 crore funding, IPO on track
Rs 322-crore funding led by Lightrock values Mahindra Last Mile Mobility at Rs 10,822 crore as the company targets a second-half FY27 listing
 "Mahindra's EV arm turns unicorn with ₹322 crore funding, IPO on track")
NMDC scouts Argentina's copper belt as critical minerals push gathers pace
State-run miner explores partnerships across six Argentine provinces for copper, lithium and rare earths as it expands its overseas critical minerals strategy
 "NMDC scouts Argentina's copper belt as critical minerals push gathers pace")
Flipkart pushes deeper into consumer lending with Pay Later service
E-commerce giant launches checkout credit across its platforms with PayU Finance as the first lending partner, betting commerce data can broaden access to consumer credit.
 "Flipkart pushes deeper into consumer lending with Pay Later service")
Bajaj Finance's FINAI to unlock growth for next 8-10 years: Rajeev Jain
Lender plans to deploy over 300 AI use cases in FY27 and targets Rs 40 trillion in assets under management over the next decade
 "Bajaj Finance's FINAI to unlock growth for next 8-10 years: Rajeev Jain")
Olectra becomes first to deploy 4,000 electric buses on Indian roads
Electric bus maker says its fleet has covered over 730 million km, avoiding 6.5 lakh tonnes of carbon dioxide emissions while serving multiple states
 "Olectra becomes first to deploy 4,000 electric buses on Indian roads")
Imarticus acquires Singapore's BELLS to boost Southeast Asia presence
Ed-tech firm plans to make Singapore its regional learning hub as it prepares for a Rs 1,000 crore IPO and targets higher international revenue
 "Imarticus acquires Singapore's BELLS to boost Southeast Asia presence")