Page 20 - Company News

ArcelorMittal Q2 net income falls 62% to $683 million despite higher sales

The global steelmaker reported a sharp year-on-year decline in June-quarter earnings, while revenue and steel shipments rose on stronger prices and demand

Deepak Fertilisers & Petrochemicals Q1 result: Profit doubles to ₹490 cr

The fertiliser and industrial chemicals maker reported a sharp rise in first-quarter profit as total income increases on the back of stronger business performance

HFCL bags fresh order for optical fibre cable exports worth ₹441 crore

The telecom equipment maker secures a $46.13 million export contract through its overseas subsidiary, with execution scheduled by January 2027

ChrysCapital acquires Novartis India, appoints Vikas Gupta as CEO

The private equity firm has taken control of the BSE-listed drugmaker, appointed Vikas Gupta as CEO and plans to build a branded generics platform in India

Sun Pharma to launch semaglutide in Brazil with Hypera Pharma soon

Sun Pharma will launch the once-weekly diabetes treatment through Hypera Pharma as generic competition intensifies in Brazil's $413 million semaglutide market

L&T secures LNTP for mega order from NTPC to set up 2 800 MW thermal plants

L&T said it will execute the design, engineering, supply, erection and commissioning of the plant and associated civil, mechanical and electrical works.

L&T bags major EPC order from Kuwait Oil Company for export facilities

Contract covers crude oil storage tanks, pipelines and upgrades to Kuwait's export network under the Jurassic Light Oil infrastructure project

Publicis challenges CCI probe over brand name, legal entity dispute

Publicis says the CCI should amend its investigation papers to name its Indian unit, TLG India, rather than "Publicis Groupe"

SML Mahindra eyes new heavy trucks after M&M transfers CV business

Board approves Rs 525 crore acquisition of Mahindra Truck and Bus Division, bringing all commercial vehicle operations above 3.5 tonnes under one listed entity

L&T bets ₹5,000 crore to become Tier-1 supplier in auto electronics market

Engineering major will invest over five years in EV motors, ADAS and connected-vehicle technologies, targeting a fast-growing market dominated by global players

Irdai approves Patanjali Ayurved, DS Group's acquisition of Magma General

Regulator clears acquisition of Magma General Insurance from Sanoti Properties, with Patanjali to acquire a 73.56% stake and DS Group 24.50%

Marvell to invest $250 million, double India workforce in 3 years

US chipmaker will expand its engineering footprint in Bengaluru and Hyderabad as it steps up research and development for AI, cloud and data infrastructure

P&G appoints Shailesh Jejurikar as chairman; Jon Moeller to retire

Announcing the leadership change, P&G said Jejurikar will succeed Moeller, who has spent 38 years with the company

ArcelorMittal's subsidiary leases 82k sq ft office space in Hyderabad

The subsidiary expands its Hyderabad footprint with a new lease in the Financial District, taking its total office space in the building to around 1.65 lakh sq ft

Why Johnson & Johnson plans to pay $5.5 bn after insisting talc was safe

Johnson & Johnson's proposed talc settlement shows that for large corporations, removing years of legal uncertainty can sometimes matter more than proving they are right in court

ACME Solar secures ₹3,404 crore PFC funding for 250 MW FDRE project

The 19-year funding will support a solar, wind and battery storage project across Rajasthan and Gujarat, backed by a 25-year power purchase agreement with NHPC

ACME Solar bags ₹3,405 cr PFC funding for 250 MW renewable energy project

The financing for the Rajasthan-Gujarat project takes ACME Solar's total project funding raised this fiscal to over ₹6,000 crore

Inox Wind secures ₹1,600 crore order from NLC India for 200 MW project

The project is scheduled to be commissioned within 24 months from the date of the Letter of Award (LoA), a company statement said

ACME Solar Holdings secures ₹3,405 cr finance for 250-MW renewable project

The funding will be used for the development and construction of the ACME Urja One project, which spans across Fategarh-II in Jaisalmer, Rajasthan and Jamkhambhaliya in Devbhumi Dwarka, Gujarat

Biocon gets Canadian health regulator's nod for Yesintek autoinjector pen

The company's subsidiary in Canada has received NOC approval for Yesintek Autoinjector from Health Canada, Biocon said