Page 198 - Company News

Exxon Mobil exploring return to Russia's Sakhalin: Here's what we know

After its 2022 exit, Exxon is exploring a return to Russia's Sakhalin-1 project. The firm has been in talks with Russian energy major Rosneft, as Putin signals openness during Alaska summit

TCS forms new AI and services transformation unit, Amit Kapur to lead

TCS has created a new AI and services transformation unit under Amit Kapur, consolidating its AI strategy and accelerating innovation, client engagement, and digital transformation

SOCAR Turkey CFO Teymur Abasguliyev to head Nayara Energy as CEO

Nayara Chief Executive Alessandro Des Dorides had to quit shortly after the European Union imposed sanctions on the refiner as part of a new raft of measures against Russia over its war with Ukraine

Gangwal, The Chinkerpoo Family Trust may sell ₹7,000 crore stake in IndiGo

Proceeds of the offering by Rakesh Gangwal and The Chinkerpoo Family Trust will stand at around ₹7,028 crore or $801m, at offer floor price

ED conducts raids on BPTP offices in Delhi-NCR in foreign funds probe

A probe found that BPTP received foreign investment of more than ₹500 crore under the "automatic route" from foreign companies based in Mauritius during 2007-2008

Grasim closing in on ₹2 trillion mcap on paint, cement, digital bets: Birla

Grasim Industries' market cap approaches ₹2 trillion as Birla Opus gains share, Pivot scales in e-commerce, UltraTech cements lead, and green businesses expand

Absence of local cell manufacturing biggest hurdle for EVs: RC Bhargava

Maruti chairman says India's biggest roadblock to scaling up EVs is that no firm is producing battery cells in the country

CCI okays Multiples Equity-led consortium stake buy in VIP industries

VIP Industries promoters Dilip Piramal and Family in July had announced the sale of up to 32% of their stake in the company to a consortium led by Multiples Equity

SAIL supplies 8,000 tonnes of critical steel for Indian Navy frigates

Rajnath Singh commissioned the two multi-mission stealth frigates at the Eastern Naval Command of the Indian Navy at Visakhapatnam in Andhra Pradesh

CCI approves Adani Enterprises' plan to acquire Jaiprakash Associates

CCI approved Adani Enterprises' plan to acquire JAL under the insolvency process, even as rival bids from Dalmia, Vedanta, Jindal and PNC Infratech remain under review

Dr Reddy's hopes GST reforms will fix pharma tax issues, boost access

For extended period, the pharmaceutical sector has faced structural challenges, including higher GST rates, an inverted duty structure, which mpacted the cost efficiency of domestic manufacturing

TCS appoints Amit Kapur to lead newly formed AI and services unit

Kapur's appointment, effective from September, comes at a time when Indian IT companies are racing to adopt and offer more AI products to their clients to attract tech spending

BPCL, OIL to build city gas network in Arunachal under new joint venture

As a part of the project, Compressed Natural Gas (CNG) stations will be set up and Piped Natural Gas (PNG) will be supplied to households, commercial units, and industries in the state, statement said

Paytm winds up RMG business, to invest in Paytm Money and Paytm Services

Following the RMG ban, Paytm's First Games unit ceases operations; parent OCL approves investments in Paytm Money and Paytm Services and simplifies group structure

Fitch upgrades JSW Infra to investment grade; Moody's outlook positive

Fitch upgraded JSW Infra to investment grade 'BBB-', while Moody's affirmed its Ba1 rating and revised outlook to positive, highlighting strong growth plans in ports and logistics

Capgemini to acquire Cloud4C, boost cloud services and SAP expertise

Capgemini will acquire Singapore-based Cloud4C to expand cloud managed services and strengthen SAP capabilities, with the deal closing after regulatory approvals

Changes to insolvency rules welcome, but complex cases may overwhelm system

While many of the proposed amendments to the IBC, such as cross-border and group insolvency, will make the resolution process smoother, certain issues such as limited judicial capacity could weaken

Waaree Solar Americas bags 452 MW solar module supply order in US

Waaree Energies, India's leading clean energy transition company, announced that its wholly-owned US subsidiary Waaree Solar Americas has signed an agreement to supply 452 MW of advanced solar modules

BLS International bags ₹2,055 crore UIDAI order for Aadhaar Seva Kendras

BLS International Services works in the domain of visa, passports, consular, citizen, e-governance, attestation, biometric, e-visa, and retail services since 2005

Dr Reddy's launches novel drug for chronic constipation management

Dr Reddy's Laboratories on Tuesday said it has launched a first-in-class generic medication for chronic constipation in the country.