Page 226 - Company News

Sri Lotus Developers raises ₹237 crore from anchor investors for IPO

Sri Lotus Developers raises ₹237 crore from anchor investors ahead of its IPO, which opens for subscription on July 30, 2025. The price band is set at ₹140-₹150 per share

BluSmart files for insolvency amid corporate governance crisis, debt woes

BluSmart enters insolvency after a regulatory probe accused a co-founder of misappropriating funds intended for vehicle purchases

NSDL raises ₹1,201 crore from anchor investors ahead of IPO opening

According to the circular, NSDL has allotted over 15 million equity shares to 61 funds at ₹800 apiece. This aggregates the transaction size to ₹1,201.4 crore

Varun Beverages tops profit forecast as cost control offsets weak sales

Domestic volumes declined 7 per cent for the PepsiCo bottler. Revenues also fell 2.3 per cent. However, the firm tightened its grip on costs

US CDMO business seeing softening, says Piramal Pharma Chairperson

US biotech funding slowdown hits Piramal's CDMO business as company expands sterile injectables facility and maintains long-term growth targets

Ambani family's stake likely to top 51% in Jio Financial Services

Board likely to discuss ₹10,000 cr fundraise proposal today

Supreme Court junks Zostel's plea against Oyo in arbitration dispute

The Supreme Court refused to admit Zostel's plea against a Delhi HC order favouring Oyo in a stake dispute, advising it to file an appeal instead of a special leave petition

Decathlon aims to up India sourcing to nearly $3 billion by 2030

Decathlon plans to boost India's contribution to global sourcing to 15%, with a focus on local production and increased market share, targeting ₹7,000 crore revenue by 2030

Waaree Energies net profit jumps nearly 93% to ₹773 cr in Apr-Jun

Total revenues rose to ₹4,597.18 crore in the quarter from ₹3,496.41 crore in the same period a year ago

RIL holds 88th position in Fortune Global 500, maintains top spot in India

Reliance Industries Ltd. (RIL) ranks 88th in the Fortune Global 500 list for 2025, maintaining its position as India's highest-ranked company despite a slight dip from last year's position

Zaggle acquires Rio Money for ₹22 crore to enter UPI credit card space

With this acquisition, Zaggle, a major player in corporate spend management and commercial cards, has forayed into the rapidly expanding retail credit payments market, the company said in a statement

Delhi HC to hear Nayara's plea for service restoration from Microsoft

Delhi High Court agrees to hear Nayara Energy's plea against Microsoft over the suspension of essential services; seeks interim injunction for service restoration to maintain digital operations

SC to hear pleas seeking review of verdict on Bhushan Steel liquidation

A bench of Chief Justice B R Gavai and Justice Satish Chandra Sharma allowed an application for open-court hearing and fixed July 31 for hearing a batch of pleas seeking a review of the verdict

Indian shipowners urge Nayara to end vessel charters after EU sanctions

Indian firms seek charter exits with Nayara amid EU sanctions; company files Delhi HC plea against Microsoft for suspending digital access citing compliance

Boeing cuts losses in Q2 as jet deliveries rebound and revenue grows

The planemaker's free cash flow usage, a key metric for Wall Street, also came in better than expected, signaling an improving cash position

TCS market value drops by ₹28,149 crore after layoff plan announcement

On Tuesday, the bellwether stock declined 0.73 per cent to settle at ₹3,056.55 apiece at the BSE. During the day, it dropped 1.23 per cent to ₹3,041

Kolte-Patil Developers suffers Rs 17 crore loss in Q1 FY26, sales dip

Kolte-Patil Developers reports a Rs 16.99 crore loss in Q1 FY26, with a 75% YoY revenue decline; Blackstone's entry into the company marks a turning point

Johnson Lifts to invest ₹300 cr in R&D, expects 12% residential growth

Johnson Lifts eyes rising home lift demand, plans Rs 300 crore R&D spend and introduces Eazy Ride Plus to tap into India's growing retrofit and premium lift market

House of Abhinandan Lodha enters hospitality with Miros Goa property

Realty firm HoABL launches Miros Hotels & Resorts with a debut property in Goa, and plans expansion across Alibaug, Matheran, and other premium coastal locations

TCS reshapes delivery model as GenAI, ChatGPT redefine Indian IT growth

TCS cuts over 12,000 jobs as Indian IT pivots to GenAI, automation and leaner delivery teams. Hiring slows across top firms as margins, skills, and productivity take precedence