Page 21 - Company News

BHEL bags order from Nigerian firm to supply 8 gas turbine generators

The group is one of Africa's largest and most diversified business conglomerates, with interests spanning oil refining, petrochemicals, fertilisers, cement, sugar, packaging and other sectors

L&T secures major EPC order for crude export infra from Kuwait Oil Company

The project, awarded to L&T Energy Hydrocarbon Onshore, involves the EPC of six new crude oil storage tanks, each with an operating capacity of 618,000 barrels.

Tata Sons' FY26 consolidated net at 5-year low of ₹17,923.4 crore

Tata Sons' consolidated profit fell 35.7% in FY26 to ₹17,923 crore as losses at Air India, Tata Digital and other unlisted ventures weighed on earnings

Suzlon Energy eyes Europe, Australia and Southeast Asia for exports

Suzlon plans to expand overseas with a 3 GW export order book by FY31, targeting Australia, Europe and Southeast Asia while ramping up domestic capacity

Paytm Payments Bank to be wound down after Delhi High Court order

The RBI said the Delhi High Court has ordered the winding up of Paytm Payments Bank (PPBL) following the central bank's petition and cleared the appointment of Nair as the official liquidator

Unilever to invest in India to protect leadership position: CEO Fernandez

The FMCG major said India will be a key contributor to Unilever's long-term growth as it continues investing to strengthen market leadership across categories

Visa to layoff 7% of workforce as CEO McInerney seeks to revamp company

Visa CEO wrote, "I have deep conviction that we are doing what is right for Visa, our clients and our partners as we continue to focus on driving efficiency across the company"

Indus Towers eyes debt-funded Africa push with Airtel as anchor customer

The telecom infrastructure company plans to enter Nigeria, Uganda and Zambia with Airtel Africa as its anchor customer, while funding the expansion largely through debt

HyFun Foods to invest ₹1,500 cr in Gujarat, MP; eyes IPO in 2-3 years

After the Gujarat facility, the company has plans to set up another greenfield unit in Madhya Pradesh with a capex of about Rs 500 crore

Standard Chartered India loses top wealth executives amid strategy revamp

Saurabh Jain, the head of Standard Chartered India's wealth management and affluent client segments, is leaving the bank by the end of this week and will join Bandhan AMC Ltd. as CBO

JLR India posts record Q1 retail sales on strong luxury SUV demand

The company retailed 1,665 vehicles in Q1 FY27, up 11 per cent year-on-year, with the Range Rover, Range Rover Sport and Defender accounting for over 85 per cent of sales

What is business overreach? Why HDFC Bank used the term in MSRDC case

HDFC Bank called the MSRDC matter 'business overreach'. Here's what the term means, why it is not a legal concept, and how it differs from fraud

Coal India's Q1 capex rises 16% to ₹3,399 crore, exceeds quarterly target

Land acquisition, coal evacuation infrastructure and plant & machinery accounted for three-fourths of Coal India's first-quarter capital expenditure as the miner exceeded its target

WazirX launches free crypto tax reporting tool ahead of tax filing deadline

The exchange said the platform is designed to simplify crypto tax calculations by enabling users to upload transaction histories from any exchange and generate reports

Crisil upgrades Vedanta Power's long-term bank facility rating to AA+

Company said Crisil has upgraded Vedanta Power's guaranteed long-term bank facilities to CRISIL AA+ (CE)/Stable from CRISIL AA (CE)

Unilever India signals more price hikes as commodity inflation persists

The US-Israel war on Iran has saddled corporations worldwide with higher energy, freight and commodity costs, squeezing margins and prompting price increases

BoB data breach: A look at India's biggest corporate cyberattacks

The alleged Bank of Baroda breach follows several major cyberattacks involving Indian banks, telecom operators, manufacturers, airlines and fintech firms

Nykaa appoints former Instamart COO Ankit Jain to lead q-commerce vertical

Jain will oversee the expansion of Nykaa Now across key markets and strengthen the beauty retailer's technology-led fulfilment and supply-chain infrastructure

Rapido integrates food delivery platform Ownly in its primary app

The integration will allow Rapido users to order food alongside booking rides, while helping Ownly expand its reach through the company's existing rider network

Swiggy Instamart CEO Amitesh Jha resigns, Nandita Sinha to take charge

Former Myntra chief executive Nandita Sinha will take over as CEO of Swiggy Instamart from August 3, following Amitesh Kumar Jha's resignation