Page 2 - Company News

Air India clears ₹17.74 crore payout for outgoing CEO Campbell Wilson

The payout comprises ₹15.24 crore in replacement shares due under the former CEO's long-term incentive plan for FY23-FY25, along with a ₹2.5 crore one-time reward approved for FY25

Welspun Corp wins largest-ever HFIW pipe order worth ₹4,000 crore

Welspun Corp's US subsidiary has secured its largest-ever HFIW pipe order worth about $412.5 million, taking its global order book to a record $4.7 billion

PB Fintech may explore new business options after Irdai commission cuts

PB Fintech may explore manufacturing insurance products by seeking a licence as it assesses the impact of Irdai's proposed commission cuts on its distribution business

Tata Sons defends Chandra's reappointment, sends 3 legal opinions to Trusts

Tata Trusts studying the response before any legal recourse

Kalpataru Projects International bags new orders worth over ₹2,000 crore

Kalpataru Projects International Limited (KPIL) on Thursday said the company has secured new orders worth around Rs 2,025 crore in the domestic and international markets.

Not party to parent's talks with potential stake buyers: Whirlpool of India

Whirlpool of India said it is not privy to the terms, price or stage of talks as promoter Whirlpool Mauritius explores a share sale with multiple potential counterparties

Optimo Capital appoints former RBI CGM as an independent director

Bengaluru-based non-banking finance company Optimo Capital on Thursday said it has roped in former RBI Chief General Manager Shrimohan Yadav as an independent director on its board.

Aquapulse eyes threefold revenue growth, expands footprint in Andhra

The aquaculture firm plans to expand its farmer network to 10,000 and shrimp procurement to 5,000 tonnes as it deepens its presence across key producing regions

India's JSW Group wants Volkswagen to cover $1.4 billion tax liability

The tax issue stems from the Indian govt's allegation that VW misclassified some vehicle assembly kits imported from certain countries between 2012 and 2024 that reduced the levies it had to pay

Adani Group to invest over ₹1 trillion across sectors in West Bengal

The conglomerate will invest across ports, logistics, energy, roads, green cement and data centres, while its Rs 4,000-crore hospital project is under way in New Town

Myntra creates 26,000 seasonal jobs ahead of Big Fashion Festival

Online fashion retailer more than doubles its seasonal workforce from last year as it expands fulfilment, delivery and customer-service capacity for the festive event

Myntra creates over 26,000 temporary jobs ahead of festive season

Myntra has created over 26,000 seasonal jobs ahead of its Big Fashion Festival, including 8,000 delivery roles and 2,700 customer service positions, with 350 roles for persons with disabilities

CJ Darcl expects growth to continue, expands into new logistics verticals

IPO-bound CJ Darcl is expanding into a trucker marketplace, alternative fuels, EVs and warehousing as it looks to sustain its revenue growth momentum

IGL looking to acquire stakes in city gas distribution firms: Chairman

IGL is also expanding into renewable energy, with plans for solar power plants in Rajasthan, while pursuing backward integration through meter manufacturing

Rio Health raises $4.5 mn in pre-Series A led by Version One Ventures

The quick commerce platform plans to expand its Delhi-NCR network from three to over 15 dark stores and target an annual run rate of more than Rs 150 crore

Belden-Ruckus Wireless to expand local manufacturing capacity in India

The company will initially manufacture Ruckus ICX Ethernet switches at Belden's 300,000-sq-ft Pune facility to meet domestic demand, with exports to be evaluated later

CIAL launches aviation consultancy services to expand beyond airport ops

CIAL is set to leverage its expertise in airport development and operations to enter new markets with the launch of aviation consultancy services.

PhonePe to hire 20,000 staff, deploy 5 mn payment devices in 12 months

The fintech plans to expand digital payment acceptance across Tier 6 towns and rural India, with about half of the new devices to be deployed in rural areas

Adani Group to invest over ₹1 trillion in West Bengal by 2035: Gautam Adani

The conglomerate plans investments across ports, logistics, power, roads and data centres, while its ₹4,000-crore, 2,000-bed hospital project in New Town is expected to create 10,000 jobs

Reliance Industries eyes ₹10,000 crore 10-year bond sale at 7.90%: Bankers

The planned issue comes two weeks after Reliance raised ₹12,000 crore through five-year bonds, as the conglomerate accelerates its planned mega fundraising