Page 207 - Company News

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

Wai Wai maker bets on healthier variants, to scale revenue to ₹1,200 cr

CG Group plans to expand into snacks, sauces, pasta, and seasonings, while pushing healthier variants and scaling trade channels to triple its reach in India

GSK enters into oncology segment; launches therapies for gynae cancers

By 2045, the incidence of endometrial and ovarian cancer in India is projected to increase by 78 per cent and 69 per cent, respectively

Revenue of large, diversified EPC companies to grow 9-11% in FY26: Crisil

Crisil said revenue growth of EPC companies will be supported by robust order books, higher infrastructure spending and improved order mix, with margins set to expand

Altum Credo raises ₹170 cr from BII to expand affordable housing finance

Altum Credo will use the funds to expand credit access for low-income households, strengthen IT systems, and scale operations across existing geographies

Revenue of large, diversified EPC firms to grow 9-11% in FY26: Crisil

The Crisil Ratings study covered 15 EPC companies, which accounted for Rs 3.15 lakh crore in annual revenue during the previous fiscal year

Flipkart creates 220k seasonal jobs in supply chain, logistics, delivery

Additionally, Flipkart's logistics network will see 650 new festive-only delivery hubs in Tier 2 and 3 cities

Blue Star expects AC sales to rise around 20% on tax cut boost, says MD

The eventual tax rate on ACs is not clear but it is now at the maximum 28 per cent, so the planned cut should help dealers and manufacturers, who have struggled this year due to a cooler summer

NLB Services forays into GCC, targets $200 mn revenue over next 5 years

The company also announced the appointment of Abhilash Raghavan as Chief Business Officer (CBO) of its GCC vertical

Godrej Properties sells 683 units worth over ₹1k cr in Hyderabad project

At the launch, the company had sold 683 homes with a total area of 1.20 million square feet

Anil Ambani denies 'fraud' allegations after Bank of India's move

These actions are contrary to the RBI regulations issued in July 2024, as well as to well-established law and the judgments of the Hon'ble Supreme Court and the Hon'ble Bombay High Court.

Royalties hit 16-year low in FY25 amid regulatory heat, shows data

Royalty and technical knowhow payouts relative to the value of goods produced have fallen to their lowest since FY10, shows the data from the Centre for Monitoring Indian Economy (CMIE)

Private capex now substantial in order book: L&T chief S N Subrahmanyan

L&T eyes growth with record orders, rising private capex, $100 bn valuation, global projects, and a new strategy focusing on services, tech, and financial businesses

NTPC to mark nuclear power entry with 2,800 Mw project next month

The project will house four pressurised heavy water reactors (PHWRs) of 700 MW capacity each

Sahara India regional manager arrested in Madhya Pradesh deposit fraud case

Based on the complaint, the Kotwali police had registered a case under Indian Penal Code sections, including 420 (cheating), and the Madhya Pradesh Protection of Depositors' Interest Act, it added

Sebi approval for LIC as IDBI Bank public shareholder after divestment

SEBI has approved reclassification of LIC as a public shareholder in IDBI Bank following strategic divestment, subject to curbs on voting rights and board representation

Dream11 parent testing DreamSuite app to expand into financial services

Dream Sports has been a major real-money gaming player in India, but it has to close its money-based games after the government banned all forms of online money games

BMW invests ₹803 cr to boost high-end steel product offerings: MD

The investment is being made as part of the government's PLI Scheme for Speciality Steel