Page 20 - Company News

SBI raises $300 mn via 3-year dollar bonds at SOFR plus 100 basis points

The country's largest lender becomes the latest Indian issuer to tap overseas debt markets under the RBI's concessional swap window with a $300 million bond issue

Axis Bank CFO Puneet Sharma quits after six years; no successor announced

In a regulatory filing, the private sector lender said Sharma submitted his resignation on June 28 to pursue the next phase of his professional career

TVS Motor looking ahead with 'measured optimism': CMD Sudarshan Venu

"The road ahead is unpredictable, complex and exciting," he said

Serentica Renewables to invest ₹1 trillion in Rajasthan renewable projects

KKR-backed Serentica Renewables plans to invest Rs 1 trillion in Rajasthan as it expands its solar and battery storage portfolio to support industrial decarbonisation

Tata Motors set to complete Iveco transaction by Q2FY27: N Chandrasekaran

Addressing shareholders at the company's second Annual General Meeting here, he said the deal is a significant strategic step in advancing Tata Motors' global ambition

Technology to be central to Hindustan Zinc's next phase of growth: Chair

Describing the company's long-term strategy as Hindustan Zinc 2.0, she said the company is evolving from being the world's leading integrated zinc producer into a broader energy transition company

Tech Mahindra ties up with Perplexity to strengthen AI-led enterprise sales

Tech Mahindra will deploy Perplexity Enterprise Pro across its sales and customer-facing teams to improve access to AI-powered, source-backed insights and strengthen client engagement

Bajaj Auto's ₹5,632.8 crore share buyback to kick off from July 1

The company will repurchase up to 4.694 million equity shares at ₹12,000 apiece through a buyback programme worth up to ₹5,632.8 crore, with the offer remaining open until July 7

Serentica Renewables to invest ₹1 trillion in Rajasthan clean energy sector

The company said Rajasthan now accounts for over 50 per cent of its total solar portfolio, with major assets located in Bikaner and Jaisalmer

Icra to acquire remaining 40% stake in D2K Technologies for ₹32 crore

Pursuant to this, Icra Analytics will hold 100 per cent of the equity share capital of D2K Technologies on a fully diluted basis, Icra said in a regulatory filing

BPCL to acquire 40% stake in Tiki Tar and Shell India for ₹85 crore

The acquisition, which has received approval from the Department of Investment and Public Asset Management (DIPAM), is expected to be completed within 90 days

Oberoi Realty to invest ₹6,000 cr to build first Delhi-NCR housing project

The company launched the first phase of its housing project 'Three Sixty North', located at Golf Course Extension Road in Gurugram, comprising 832 units across 6 towers

Alembic Pharmaceuticals gets USFDA nod for generic acne treatment gel

The approval by the US Food & Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) of Dapsone gel, 5 per cent

JK Cement bets on capacity utilisation, premiumisation: CEO Singhania

Firm plans to stabilise newly commissioned capacities, improve utilisation levels and expand its portfolio of value-added products as it pursues a long-term target of reaching 50 MTPA capacity by 2030

Omaxe to invest ₹6,200 crore to build 19 hotels across five states

The company 'plans to develop 19 hotels spread over nearly 5 million sq ft across five states in the next 4-5 years'

IIFCL plans $1 billion loan, in talks for $400 million ADB funding

IIFCL is the latest company to tap into the foreign lending market after the Reserve Bank of India introduced a series of measures to boost dollar inflows and support the rupee

Amazon's rapid delivery push wipes out $15 billion from Eternal, Swiggy

Aggressive expansion by Amazon and Flipkart, coupled with Zepto's IPO plans, is intensifying competition in India's fast-growing quick-commerce market and putting pressure on established players

Shapoorji Pallonji refinancing delays prompt some bondholders to seek exit

Some investors are attempting to offload debt linked to a Shapoorji Pallonji Group subsidiary at a discount as negotiations over refinancing and repayment extensions continue ahead of a key deadline

Adani case: NY judge's query unlikely to stall DoJ move, says lawyer

The lawyer added that there is little precedent for a federal court compelling prosecutors to continue pursuing a criminal case once the Justice Department has decided it should be dismissed

US probe found no Chinese cells in solar panels: Waaree Energies

Waaree Energies said a US Customs investigation found no evidence that it exported solar modules made with Chinese-origin cells and that its US operations remain unaffected