Page 218 - Company News

Airtel promoter offloads another 0.98% stake; mop up $1.3 bn via block deal

Names of the buyers weren't disclosed by the stock exchanges. However, banking sources said it included foreign and domestic funds

HDFC forms oversight department for sharper board-level updates: Chairman

Chairman Atanu Chakraborty says the new Group Oversight Department will ensure periodic updates to the board on key risks, compliance, audit, and conduct across the group

HPCL explores alternative crude sources amid Russian price, sanction risk

Trump has decided to impose an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations

Govt urges BSNL circles to boost service quality, fix tower power issues

In July last week, Union telecom minister Jyotiraditya Scindia had asked the state-run telecom firm to add customers and grow its mobile service business by 50 per cent in the next year

Amber may offload ILJIN stake, to invest ₹4,200 crore in PCB plants

Electronics maker Amber Enterprises is planning a ₹4,200 crore investment under ECMS, while exploring pre-IPO or private equity options for ILJIN Electronics

Chhattisgarh govt inks agreement with NHPC to develop 1800 MW PSP

NHPC inked the pact on August 8 with the Chhattisgarh government and Chhattisgarh State Power Generation Company Limited (CSPGCL) for developing the pumped storage projects

JK Tyre Q1 net profit drops 21%; eyes margin lift on cost stability

JK Tyre Q1 net falls to ₹165 crore despite revenue rise to ₹3,868 crore; sees margin upside ahead with stable raw material prices and premium portfolio push

Air India teams up with Singapore Airlines to boost safety: CEO Wilson

As part of improving the operational efficiency, Air India is working closely with Singapore Airlines, which holds a 25.1 per cent stake in the airline

Reliance likely to switch back to West Asia oil if Russian supply dries up

India's biggest buyer, Reliance, operates the world's largest refining complex at Jamnagar in Gujarat where it can process about 1.4 million barrels per day (bpd)

Nasscom launches 'Makers Honor' to spotlight India's tech engineers

'Makers Honor' aims to celebrate unsung engineers behind India's tech success in AI, open source, infrastructure and social impact, with support from GitHub and industry veterans

Infibeam to sell ecommerce unit to its subsidiary Rediff for Rs 800 crore

Infibeam will sell its e-commerce platform to Rediff for ₹800 crore, raising its stake to 82.7%; Rediff may explore IPO and scale digital business offerings

Tesla leases space in New Delhi's Aerocity for 3rd showroom in India

Electric carmaker adds to outlets in Mumbai and Gurgaon as part of expansion plans

No instructions from govt to stop or continue buying Russian oil: HPCL head

Russian crude oil made up for just 13.2 per cent of all the crude that Hindustan Petroleum Corporation Ltd (HPCL) processed into fuels like petrol and diesel in the April-June quarter

Reliance Infra units to recover Rs 28,483 cr of regulatory assets in 4 yrs

R-Infra posted a profit (attributable to owners of the parent company) for the first quarter of FY26 of Rs 59.84 crore against a loss of Rs 233.74 crore incurred in Q1 FY25

DRA inks pact with Philippines' Balajadia Family office to invest $100 mn

This equal joint venture will be executed through a special purpose vehicle (SPV) platform

Signature Global aims 92% growth in FY26 operational revenue to ₹4,800 cr

On revenue, the company said it has 'achieved around 19 per cent of guidance. Momentum is expected to pick up in subsequent quarters driven by completion of construction as planned'

SRK roped in as Zomato's new brand ambassador, appears in latest campaign

Khan had recently appeared in Zomato's latest campaign 'Fuel Your Hustle', which celebrates the quiet grind behind some of India's most celebrated names, Zomato said in a statement

DLF to invest ₹23,500 cr in ongoing housing projects in NCR, Mumbai

Post-Covid pandemic, DLF has launched many residential projects in Delhi-NCR, Mumbai and the tri-city of Chandigarh

First Tata Sons AGM since Ratan Tata's passing: What's on the agenda?

The Tata Sons annual general meeting will have six representatives from Tata Trusts, including three children of Noel Tata, who is the single largest individual shareholder of the company

TCS layoffs signal AI-driven transformation in $283 bn outsourcing sector

TCS and its peers Infosys, HCLTech, Tech Mahindra, Wipro, LTIMindtree, and Cognizant collectively employ over 430,000 workers with 13 to 25 years of experience