Page 22 - Company News

ASK Property Fund to invest ₹210 cr in residential projects in Navi Mumbai

ASK Property Fund, part of the Blackstone-backed ASK group, will invest ₹210 crore in two Gami Group residential projects in Navi Mumbai, citing strong demand and infrastructure-led growth

MRPL explores buying Venezuelan oil as it halts Russian crude imports

The US in October sanctioned Russia's two largest oil producers - Rosneft and Lukoil - giving companies until November 21 to wind down dealings with them

Tech Mahindra on WEF list of organisations making AI work in real world

As investment accelerates and expectations rise, the findings highlight a growing divide between companies that have built the capabilities to scale AI and those still struggling to deploy

Suzlon appoints Paulo Fernando Soares as President of Europe business

The company said it is strengthening its global leadership structure to drive the next phase of international growth under its Suzlon 2.0 strategy

Nalco explores entry into rare earth mining amid critical minerals push

Nalco's Chairman-cum-Managing Director (CMD) said the bid advisor will assess mine viability, optimal acquisition premiums and participation in upcoming auctions

SunSource Energy founder-led trio plans ₹10,000 crore cleantech push

The first project involves a 6 gigawatt solar cell and module manufacturing plant with integrated ingot and wafer facilities at Chhatrapati Sambhajinagar in Maharashtra

Reliance Consumer Products sees four brands cross ₹1,000 crore mark

Reliance Consumer Products Ltd said four of its brands have crossed the ₹1,000 crore mark, with gross revenue touching ₹15,000 crore year-to-date in FY26, aided by strong festive-quarter performance

Sunteck Realty to launch ₹3,000 crore ultra-luxury goregaon project

Sunteck's rental revenue is expected to rise from Rs 70 crore in fiscal year 2025 (FY25) to Rs 320 crore and capital value from Rs 1,050 crore to Rs 5,000 crore by FY28-29

Lodha Developers net debt rises 15% to ₹6,170 cr on land acquisitions

During the latest December quarter, the company acquired 5 land parcels in Mumbai Metropolitan Region (MMR), Delhi-NCR and Bengaluru to develop projects

EXL to open 2 centres in Tier 2/3 cities, expects AI spend to surge in 2026

The firm, which employs nearly 45,000 of its 60,000-plus strong global workforce in India, is lining up client and infrastructure plans for the two new centres

Board meet to appoint Neville on Sir Ratan Tata Trust as trustee cancelled

The cancellation of the meeting comes over two months after the failure of the first attempt to induct Neville Tata on the board of SRTT, which holds 23.6% in Tata Sons

BCCL IPO boosts confidence as Coal India weighs more unit listings: CMD

The IPO of Bharat Coking Coal Ltd (BCCL), an arm of Coal India Ltd (CIL), got fully subscribed within minutes of opening for bidding on January 9

GalaxEye gears up for Mission Drishti, plans 10 satellite constellations

GalaxEye plans to deploy two more satellites by the end of the next few years and six-seven more satellites by the end of the decade, scaling the total satellite constellation to 10 by 2030

Adani Solar only Indian firm in Wood Mackenzie's global top 10 ranking

Adani Solar, the solar photovoltaic manufacturing arm of Adani New Industries Limited (ANIL), was assigned a Grade A classification by the global energy and natural resources consultancy

EIL secures $350 mn contract for Dangote refinery expansion in Nigeria

EIL was the engineering, procurement and construction management (EPCM) consultant for Dangote Group when it first built an oil refinery

Edelweiss Life targets double-digit growth, breakeven by FY27: CEO

The insurer was primarily a one-channel company early on, he said, adding that "we now operate as a multi-channel insurer, with proprietary and partnership distribution contributing roughly 50-50

Amway India loss widens to ₹74.3 cr in FY25, sales dip 10.5% to ₹1,148.2 cr

Amway India Enterprise had reported a total loss of ₹53.38 crore, and its revenue from operations was at ₹1,283.75 crore in the previous financial year

Elon Musk's X offers $1 million reward for best long-form article

The announcement was made on Saturday by X's Creators account, which said the "top article" of the upcoming payout period would receive the $1 million award

EDME Insurance eyes overseas expansion, targets ₹1,600 cr business

Talking about the acquisition of UIB Insurance Brokers (India) Pvt Ltd, he said that with the buy, business has increased to about ₹850 crore

Maruti Suzuki plans expansion, to invest ₹35,000 cr in new Gujarat plant

Production at the plant is expected to begin in financial year 2029 and will add to the annual production capacity of 2.4 million vehicles for Maruti