Page 225 - Company News
HCLTech CEO Vijayakumar earns $10.85 mn in FY25; tops TCS, Infosys heads
The company's board has also approved an over 71 per cent increase in his current remuneration to $18.6 million
 "HCLTech CEO Vijayakumar earns $10.85 mn in FY25; tops TCS, Infosys heads")
L&T terminated contracts of suburban rail project illegally, says K-RIDE
Originally, the scheduled completion time for Corridor-2 (C2) was 27 months, but was extended up to September 30, 2026. The agreement entered upon for Corridor-4 (C4) is valid till October 2026
 "L&T terminated contracts of suburban rail project illegally, says K-RIDE")
Mahindra & Mahindra completes acquisition of 59% stake in SML Isuzu
Sahay's appointment as Executive Chairman of SML Isuzu is effective from August 3 and that of Srinivas from August 1, the company said
 "Mahindra & Mahindra completes acquisition of 59% stake in SML Isuzu")
Lodha Developers plans to buy at least one NCR land parcel in FY25
At present, Lodha Developers has a significant presence in the Mumbai Metropolitan Region, Pune and Bengaluru housing markets
 "Lodha Developers plans to buy at least one NCR land parcel in FY25")
HP electricity board records ₹315 cr profit in FY25 after years of losses
The present Himachal government, through its reforms, transparent administrative policies and financial discipline helped the board recover from losses and turn profitable
 "HP electricity board records ₹315 cr profit in FY25 after years of losses")
Brookfield India REIT Q1 net operating income rises 13% to ₹499 crore
The REIT, backed by rent-yielding office assets, announced a ₹319 crore distribution (₹5.25/unit) to unitholders for Q1 of FY26
 "Brookfield India REIT Q1 net operating income rises 13% to ₹499 crore")
Mahindra offers one-time Esops to 14,000 staff, includes factory workers
In a first, Mahindra grants Esops as reward for long-term contribution amid strong Q1 results and surge in SUV and tractor sales
 "Mahindra offers one-time Esops to 14,000 staff, includes factory workers")
Morgan Stanley, MUFG to syndicate Tata Motors' Iveco acquisition loan
Both global and local banks are considering joining the facility and the deal is expected to be completed by April 2026, pending regulatory approvals
 "Morgan Stanley, MUFG to syndicate Tata Motors' Iveco acquisition loan")
24x7 power: Nasdaq-listed ReNew set for a round-the-clock start
The last leg of the peak power project's commissioning, set up in the Koppal district of Karnataka, will include the installation of a wind turbine
 "24x7 power: Nasdaq-listed ReNew set for a round-the-clock start")
Tesla sales slump again in Europe despite revamped Model Y rollout
Tesla's aging lineup is facing a wave of low-cost EV rivals, especially from China
 "Tesla sales slump again in Europe despite revamped Model Y rollout")
Apple's Q3 revenue soars with record growth from India and other regions
Apple saw record revenue from India and other regions in Q3 2025, with strong double-digit growth across iPhone, Mac, and services, CEO Tim Cook confirmed on a call with analysts
 "Apple's Q3 revenue soars with record growth from India and other regions")
Renault sees India as export hub, completes Chennai unit takeover
French automaker gets fair trade regulator's approval for deal as it plans four new cars
 "Renault sees India as export hub, completes Chennai unit takeover")
Focus GenNext: State Bank of India looks to reboot its HR strategy
SBI plans to engage a management consultant to develop a long-term HR strategy focusing on employee engagement, talent acquisition, and digital transformation
 "Focus GenNext: State Bank of India looks to reboot its HR strategy")
Swedish car giant Volvo Cars India expects modest sales growth this year
Volvo Cars India anticipates flat sales growth in 2025 due to a combination of macroeconomic challenges and forex fluctuations but remains optimistic about 2026 and 2027
 "Swedish car giant Volvo Cars India expects modest sales growth this year")
IT major TCS affirms 600 job offers intact, but skips labour meet
TCS skips meeting with the labour ministry, saying deferment of onboarding is 'nothing new,' and it remains committed to fulfilling its job offers to over 600 professionals
 "IT major TCS affirms 600 job offers intact, but skips labour meet")
AI will concentrate wealth; must solve social issues with it: Nilekani
Smart use of AI can solve problems of healthcare and education for a billion people, Nilekani said
 "AI will concentrate wealth; must solve social issues with it: Nilekani")
JAL's lenders ask bidders to submit revised plans without conditions
Jaiprakash Associates' creditors have instructed bidders to submit revised resolution plans without conditions and provide a definitive bid offer
 "JAL's lenders ask bidders to submit revised plans without conditions")
Adani group announces $10 bn investment in Vietnam's growing economy
Adani Group pledges up to $10 billion in Vietnam, focusing on infrastructure, energy, seaports, airports, logistics, and digital technology as part of its Southeast Asia expansion
 "Adani group announces $10 bn investment in Vietnam's growing economy")
₹3K crore 'fraud' case: ED issues lookout notice against Anil Ambani
Ambani not permitted to leave India without approval
 "₹3K crore 'fraud' case: ED issues lookout notice against Anil Ambani")
Google loses appeal in antitrust battle with Fortnite maker
The unanimous ruling issued Thursday by the Ninth Circuit Court of Appeals delivers a double-barrelled legal blow for Google
 "Google loses appeal in antitrust battle with Fortnite maker")