Page 217 - Company News

SBI halts Nayara's overseas transactions over Russia sanctions risk

State Bank of India (SBI) stops Nayara Energy's overseas transactions to avoid possible US and EU sanctions linked to Russian ownership, as banks grow cautious

ITC Hotels sets 2030 goal of 220 properties, 5,300 keys in 5 years

ITC Hotels, in its first AGM post demerger, announced a pipeline of 58 hotels with over 5,300 keys in five years, targeting 200 properties by 2030 and expanding abroad

IBBI proposes mandatory recording of CoC bidder eligibility in CIRP

The board said the move will improve transparency, reduce litigation and strengthen diligence in the resolution process

IHCL acquires 51% stake in firms operated under Clarks Hotels for ₹204 cr

The two companies include ANK Hotels Private Limited, which has a portfolio of 111 midscale hotels and Pride Hospitality Private Limited, which operates 24 hotels across India

Focused on maintaining low-cost funding profile, says ICICI chairman

ICICI Bank will continue to prioritise a stable, granular, and low-cost funding profile alongside governance, digital growth, and customer-centric strategies for sustainable progress

Viceroy Research calls Vedanta Zinc International assets 'scrapheap'

Vedanta defends Skorpion Zinc as key African unit, says it is undergoing structured evaluation

JioFinance app offers paid tax filing and planning to simplify returns

The tax filing feature allows users to either file returns themselves, or opt for expert-assisted filing, with plans starting as low as ₹24 for self-service options, and ₹999 for assisted options

SC reserves verdict on JSW Steel's ₹19,700 crore resolution plan for BPSL

One of the key issues was whether earnings before interest, tax, depreciation, and amortisation (EBITDA) generated during the resolution period should go to the creditors or remain with the company

IHCL to buy stake in firms operating The Clarks Hotels & Resorts' brand

The transactions to be executed via cash consideration are expected to be completed by November 15, 2025

Lodha Developers to raise ₹5,000 crore through NCDs for expansion

Lodha Developers' board approves raising Rs 5,000 crore via NCDs to diversify debt, reduce funding costs and support expansion across Mumbai, Pune and Bengaluru

Warburg Pincus fully exits Home First Finance in ₹1,307 cr block deal

Warburg Pincus sells entire 10.3% stake in Home First Finance for Rs 1,307 crore via block deal to Kotak MF, Fidelity, and Tata AIG, sending shares up 6.4%

Fusion Finance gains over 4% as Q1 results show asset quality boost

Fusion Finance shares rose on improved Q1 performance, with lower credit costs, better asset quality, narrower losses, and stronger operational efficiencies

Poly Medicure to invest ₹500 cr in new plants for global market push

However, this foreign push comes at a time when the device maker is seeing headwinds arising out of short-term demand uncertainties due to on-going geopolitical tensions and tariff issues

BSNL to offer AI, 5G networking course, sign MoU with global tech companies

BSNL has signed MoUs with Ericsson, Qualcomm, Cisco, and Nokia to launch 5G, AI, and networking training at its Jabalpur institute, aiming to train over 2,000 participants annually

Reliance Consumer Products takes Campa beverages to Sri Lanka market

RCPL partners with Ceylon Cold Stores to launch Campa beverages in Sri Lanka, expanding the heritage Indian brand's reach to more overseas markets

Adani Defence to acquire 100% stake in Indamer Technics in MRO growth bid

The investment will be made through Horizon Aero Solutions Limited, a 50-50 joint venture between Adani Defence & Aerospace and Prime Aero, which is owned by Prajay Patel, director of Indamer Technics

SECI net profit rises 15% to ₹502 crore in FY25 on higher revenues

In comparison, company stated that the SECI's revenue from operations for the financial year 2023-24 stood at ₹13,035.07 crore, and PAT was ₹436.03 crore

TCS, Now Corporation partner to boost Philippine digital infrastructure

Now Telecom is a public sector telecommunications company in the Philippines offering services across mobile networks and fixed wireless.

ONGC to invest ₹4,600 crore to drill 10 wells, other infra in KG Basin

Oil and Natural Gas Corporation Limited (ONGC) has approached the Ministry of Environment and Forests seeking fresh environmental clearance for the proposed project

L&T bags over ₹15,000 crore Adani Power order for 6,400 MW thermal project

L&T to build eight 800 MW thermal power units for Adani Power under a contract worth more than ₹15,000 crore, boosting India's baseload electricity capacity