Page 22 - Company News

Parth Jindal takes the wheel as JSW's auto ambitions gather pace

His elevation as chairman of JSW MG Motor comes as group expands MG, prepares its own cars and explores a potential partnership with Volkswagen

Brigade Enterprises forays into Coimbatore housing, eyes ₹600 cr revenue

Realty firm Brigade Enterprises Ltd on Monday said it has launched its first housing project in Coimbatore for sale and expects a total revenue of Rs 600 crore from this upcoming property.

SpiceJet seeks more time from Delhi HC to meet ₹144.5 cr payment dues

SpiceJet cited delays in receiving government-backed financial support as it sought more time to meet its payment obligations to KAL Airways and Kalanithi Maran

AIG Hospitals plans to invest ₹2,000 crore in 1,000-bed Vizag project

The greenfield multispeciality hospital will be developed in two phases over five years and is expected to create employment for around 9,000 people

South Eastern Coalfields, Mahanadi Coalfields IPO by year-end: CIL CMD

CIL Chairman and MD B Sairam said IPOs of two of its largest subsidiaries, South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL), will be completed within the current financial year

Hulic, HDFC Capital make 1st joint investment in Mumbai residential project

The investment, made through their joint senior secured debt platform, is in a residential development project in western Mumbai, the companies said

CCPA slaps ₹1 lakh fine on United Biscuits over 'wholewheat' claim

The CCPA found that the biscuits contained 19.5 per cent whole wheat, while refined wheat flour (maida) accounted for 52 per cent of the product, despite the product being marketed as 'wholewheat'

Zomato announces zero-tolerance policy on sale of analogue dairy dishes

Food delivery platform delists dishes declared as containing analogue dairy and says restaurant partners that remain non-compliant will also be removed

IOC boosted LPG output by 30% amid Iran war, refineries ran over capacity

Indian Oil ramped up LPG production and diversified crude sourcing as disruptions through the Strait of Hormuz threatened India's energy supplies amid the West Asia conflict

Aurobindo Pharma enters US inhalation market with generic Advair launch

The launch marks Aurobindo Pharma's entry into the US inhalation market and expands its complex generics portfolio beyond conventional oral solid formulations

Tata Power Renewable adds TN solar project, portfolio reaches 12.3 GW

The 100 MW group captive solar project in Tamil Nadu will supply power to TP Solar, Tata Electronics and Tata Realty, while taking TPREL's operational capacity past 7 GW

Maruti Suzuki raises five-year capex plan to ₹77,500 crore till FY31

Maruti Suzuki will spend ₹77,500 crore through FY31 on capacity expansion, new models and R&D, while its CEO said cars made since 2008 are E20-compatible

HDFC Bank's Sashidhar Jagdishan moots a 'clean slate' for successor

Challenges before India's largest private bank: From finding a new MD & CEO to reviving its margins

Apple may shift 30-35% of global iPhone production to India in next 5 years

Apple could raise India's share of global iPhone production to 30-35% over five years as John Ternus takes charge and India gains a deeper role in its supply chain

Ather Energy invests ₹500 crore to develop Konarc, new scooter platform

The company also said a 200 km version of Ather S and a feature-loaded Z version with a 125 km IDC (Indian Driving Cycle) range are also in the pipeline

Cashfree rolls out AI agents for merchants to automate payment operations

Cashfree is targeting Rs 20,000 crore in lost GMV through AI agents that can follow up on abandoned carts, retry failed payments and manage disputes

Cyient to focus beyond project-led ER&D deals; eyes long-term deals

The company has increased spending on sales and marketing, cut general and administrative costs, revamped sales teams in some businesses

Ola Electric gets ₹95.8 crore PLI boost as it works to cut cash burn

The latest PLI sanction gives Ola Electric incremental liquidity as the company works to lower operating losses and reduce cash consumption

HDFC Bank CEO search puts investor confidence, governance to test

The announcement on Saturday that Jagdishan - a three-decade HDFC Bank veteran - won't seek reappointment puts to rest months of speculation that he was eyeing an extension

HDFC Bank likely to name deputy MD Kaizad Bharucha, outsider for CEO

The CEO search comes after about six months of upheaval at HDFC Bank where leadership issues have weighed on its shares