Page 206 - Company News

Oyo likely to file DRHP in November, targets $7-8 bn IPO valuation

The company is expected to approach its board with the proposal next week

Corporate fraud in India: A case of the 'trusted insider' dominance

While cybercrime headlines dominate the global conversation around corporate fraud, in India, fraud creeps in through procurement files, travel vouchers, vendor agreements, and unchecked authority

DoT has no plan yet for any AGR relief to Vodafone Idea, says govt

The government has become the single largest shareholder in Vodafone Idea after acquiring shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues in March

CareEdge upgrades Adani Green Energy rating with 'stable' outlook

In addition, the company has an under-construction portfolio of 15.1 GWAC, targeted for development in the next 4-5 years, the agency said

Protean bags ₹1,160 cr UIDAI order for district-level Aadhaar Seva Kendra

The Mumbai-based technology firm offers citizen services, e-governance solutions, system integration, business process re-engineering, data centre co-location, and IT consulting services

BoM plans ₹2,000 crore equity issue; govt stake to fall below 75%

Bank of Maharashtra will raise Rs 2,000 crore via equity issue by FY26 to meet SEBI's 75% public shareholding rule, reducing government stake from nearly 80%

JK Cement board approves ₹4,805 cr investment to add 7 MTPA capacity

This includes a clinkerisation unit of 4 MnTPA and cement grinding of 3 MnTPA at Jaisalmer, Rajasthan, and two split grinding units, each of 2 MnTPA capacity, in Rajasthan and in Punjab

BPCL eyes new refinery-cum-petrochemical complex in Andhra Pradesh

To put things in perspective, the global oil demand is expected to grow by 2.5 million barrels per day by 2030

Godrej Properties sells homes worth ₹1K cr at Hyderabad project launch

Godrej Properties sold over Rs 1,000 crore worth of homes at the launch of Godrej Regal Pavilion in Hyderabad, marking its second project in the city this year to cross the milestone

Sajith Sivanandan appointed Tata Digital CEO & MD, to take over on Sept 1

He will have to gear up the company to better compete with ecommerce players like Amazon and Flipkart as well as quick commerce players Zepto, Blinkit and Instamart

Gaurs Group to invest ₹1,400 cr to build project near Yamuna Expressway

In a statement on Monday, the company said it has acquired 12-acre land parcel in Sector 22-D to develop a premium residential project

NBCC gets Rs 3,700 cr-order from Rajasthan govt to build mixed-use project

State-owned NBCC Ltd has secured a contract to develop and market a 95-acre mixed-use project in Rajasthan with an estimated investment of around Rs 3,700 crore.

Flipkart hires 220,000 seasonal workers ahead of festive demand surge

Flipkart is hiring 220,000 seasonal workers to support its operations during the peak festive shopping season, expanding infrastructure and technology across India

Ireda aims ₹8,200 cr revenue for FY26 in MoU with renewable energy ministry

In FY25, Ireda achieved a revenue from operations of ₹6,743.32 crore, exceeding its earlier target of ₹5,957 crore, the company said in a company statement

Veteran banker Rajiv Anand takes charge as CEO of crisis-hit IndusInd Bank

Anand, whose appointment was announced earlier this month, was previously deputy managing director at Axis Bank and held key management positions at leading global financial institutions

Gurugram realty co diverted ₹205 cr homebuyers' fund for Colombo hotel: ED

The federal probe agency is investigating a number of homebuyers "fraud" cases across the country under the anti-money laundering law

Sellwin Traders signs agreement to acquire 60% stake in Shivam Contracting

Under the deal, Sellwin Traders (STL) will issue shares to Shivam Contracting at a price not less than Rs 18 per share to acquire a 60 per cent stake, a company statement said

TSMC phases out Chinese equipment from 2-nm plants amid US policy risks

TSMC's move is linked to the proposed US Chip EQUIP Act; aimed at securing subsidies, diversifying supply chains

Hindustan Zinc exploring opportunities in rare earths, critical minerals

HZL Chairperson Priya Agarwal Hebbar said the company is pursuing rare earths, lithium, and other critical minerals, while seeking AI- and drone-led global collaborations

HUDCO plans to raise up to ₹3,000 cr through non-convertible debentures

In a regulatory filing on Monday, the company informed that the Board of Directors had in April this year approved a proposal to raise up to ₹65,000 crore