Page 22 - Company News

Bata India crosses 700 franchise stores, strengthens reach in emerging mkts

Bata India has crossed 700 franchise stores nationwide, expanding its footprint in Tier II-IV markets and accelerating growth through a franchise-led retail strategy

Maruti Suzuki India to establish first phase of Khoraj plant by 2029

Maruti Suzuki India will invest Rs 10,189 crore to set up the first phase of its Khoraj plant in Gujarat, with a capacity of 250,000 units per annum by 2029

After Zomato, Swiggy hikes platform fee by 17% to ₹17.58 per order

The company has now raised it to ₹17.58 per order inclusive of GST, whereas rival Zomato charges ₹14.90 on a pre-GST basis

Mahanagar Gas offers free fuel, bill adjustment for PNG customers

The city gas distributor has announced free gas, fee waivers and discounts for new and existing users following the government's move to prioritise PNG and CNG supply

NeuEN to supply 10,000 TPA green hydrogen to Numaligarh refinery

NeuEN Green Energy will supply 10,000 tonnes per annum of green hydrogen to Numaligarh Refinery, with a new facility in Assam expected to be operational by 2028

Entrepreneurial push in PSUs can boost self-reliance: Vedanta's Agarwal

Vedanta chairman Anil Agarwal calls for blending entrepreneurial dynamism with PSU strength to boost domestic production and reduce India's reliance on resource imports

NCLAT declines Vedanta's plea to stay Adani Group's bid to acquire JAL

The NCLAT agreed to hear the matter and sought responses from the Committee of Creditors (CoC) within a week

Meesho bets on Voice AI to bring conversational shopping online

Meesho launches "Vaani-Your Meesho Dost", a generative AI voice assistant to simplify online shopping, improve engagement, and drive conversions among new internet users

After Zomato, Swiggy raises platform fee by 17% to ₹17.58 per order

Swiggy has raised its platform fee by 17 per cent to ₹17.58 per order; this is its fourth increase in seven months, as the company faces rising costs and widening losses

Bharat Petroleum appoints Trade Director Manoj Heda to lead Singapore unit

Bharat Petroleum Global Energy Services (Singapore) Pte is expected to start operations in April with a staff of four

VinFast Auto India signs MoU with CSB Bank for auto financing solutions

The partnership aims to deliver a comprehensive and convenient suite of credit solutions for potential customers of electric SUVs

Why Credit Suisse AT1 bond fallout has returned to haunt HDFC Bank

HDFC Bank faces fresh scrutiny after its former chairman's exit revived concerns over client losses from Credit Suisse AT1 bonds mis-selling allegations and regulatory lapses

Kalpataru Projects secures orders worth ₹4,439 crore in T&D business

These include order of 400kV transmission line and associated substations in Africa, orders for transmission line projects in India and order for substation project in Sweden

Fino fallout prompts fintech firms to seek safe harbour, tighten controls

After the Fino Payments Bank episode, fintech firms seek safe harbour protection and tighten internal controls, consolidating key responsibilities amid rising compliance risks

AM/NS India kicks off work on ₹1.36 trillion Andhra Pradesh steel plant

AMNS India has begun work on a Rs 1.36 trillion steel plant in Andhra Pradesh, with plans to serve domestic demand and tap export markets through phased expansion

Somerset Indus closes $288 mn fund, eyes larger healthcare investments

Somerset Indus has closed its third fund at $288 million, exceeding its target, and plans larger investments across healthcare, medtech, and insurance-linked sectors

Asgard Alcobev appoints Ronak Jain as Managing Director

Rohit Jain is a seasoned entrepreneur with diversified experience across breweries, distilleries, cement, steel, and allied industries, the company said

Duroflex plans 150 new stores, sharpens omni-channel growth strategy

Duroflex plans to add 150 stores over three years while strengthening its omni-channel strategy, aiming to drive growth through retail expansion and premium offerings

ICICI Bank to prioritise stable liability base to support growth: Report

ICICI Bank will focus on building a stable liability base while maintaining growth, supported by diversified sourcing, calibrated lending, and steady margins, says report

Wipro launches innovation lab in Seoul; bolsters South Korea presence

Wipro employs several hundred professionals in South Korea and continues to make sustained investments in the local ecosystem