Page 227 - Company News

Maruti Fronx tops SUV exports in FY25, clocks 100,000 units in 25 months

Fronx drives Maruti Suzuki's record FY25 exports with 69,000 units shipped globally, becoming the fastest SUV to cross 100,000 units in overseas sales

CenturyPly commissions India's largest particle board plant in Tamil Nadu

The Therovy Kandigai unit near Chennai will boost exports and job creation with 800 cu m daily capacity, cutting-edge tech, and sustainability-driven operations

Godrej Enterprises Group's aerospace biz inks pact with Pratt & Whitney

Pratt & Whitney is a part of the RTX business, and a world leader in the design, manufacture and service of aircraft engines and auxiliary power units

Two Tata Group firms plan India bond issues to raise ₹2,000 cr, bankers say

Tata Power Renewable Energy, a unit of Tata Power, is expected to raise about ₹1,000 crore via 10-year bonds, while Tata Communications may raise a similar amount through three-year notes

Confident of improving Bangalore traffic by 25-30%: EaseMyTrip's Pitti

He added that the BTP and IISC have simulation models, which can create re-routing permutations and he has requested the data from Google, Uber, Ola and Rapido that will help with the re-routing

JSW Energy signs electricity supply pact with BESCOM for solar project

The aforesaid project will be developed on a designated site and connected to the 220/400 kV KPTCL Firozabad substation in Kalaburagi district

Mindspace REIT buys Hyderabad office asset for Rs 512 cr at 11% discount

Property takes Mindspace REIT's portfolio to 37.9 msf and adds Rs 53.5 cr to its net operating income

China's Chery to supply EV tech for JSW's new auto brand, to debut by 2027

JSW will launch its electric vehicle brand in India by 2027, in partnership with China's Chery Automobile, which will supply components and technology. The vehicles will be manufactured in Maharashtra

Brigade Hotel mobilises ₹325 crore from anchor investors ahead of IPO

The initial public offering (IPO) will open on Thursday and close on July 28, with a price band of ₹85 to ₹90 per share

BEML secures ₹293.81 crore defence order for 150 high mobility vehicles

The vehicles will primarily be manufactured at BEML's Palakkad and Mysore plants, with additional production to be undertaken at other divisions

Reliance Industries faces scrutiny as EU targets diesel from Russian crude

Reliance bought Abu Dhabi's Murban crude in a rare purchase late last week, traders said, adding that it picked up the cargo soon after Friday's sanction package

Pvt sector lender IndusInd Bank to raise ₹30,000 crore via debt, equity

The board approved raising Rs 30,000 crore via debt and equity and cleared promoter rights to nominate two directors, pending RBI and shareholder approvals

Kotak Bank launches Solitaire to target India's growing affluent class

Kotak is India's fourth-largest private bank after HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. Its private banking division is among the largest wealth managers in the country

SBI eyes spot among world's top 10 banks by market value in 5 years

SBI's market cap has gone up from Rs 3.25 trn at end of March 2021 to Rs 4.40 trn in FY22, Rs 4.67 trn in FY23, Rs 6.71 trn in FY24 and Rs 7.13 trn at the end of March 2025

Discovery Global Management exits SpiceJet, sells 2.2% stake for ₹119 crore

The transaction was executed at an average price of ₹38.14 apiece, taking the total deal value to ₹118.82 crore

Tilaknagar Industries to acquire Imperial Blue business for 412.6 mn euro

The consideration includes a deferred payment of 28 million euro (approximately ₹282 crore as on date), to be paid four years after the closure of the transaction

₹25,000 cr QIP shows investor confidence, to boost credit growth: SBI chief

Speaking at a ceremony at the NSE to mark the the fund raise as India's biggest share sale ever, Setty said the capital will be deployed for asset growth

PayPal to integrate UPI for cross-border payments with global partners

PayPal is partnering with NPCI International and global wallets to enable Indian users to make cross-border payments using UPI, starting with US-based merchants

Dr Reddy's to launch obesity drug in 87 nations starting next year: CEO

The company initially plans to launch the generic version in Canada, India, Brazil, Turkey and other emerging markets, subject to patent expiry, Israeli said at a press conference

CAG loss estimate on BSNL-RJIL deal misread, correction done: MoS Telecom

The CAG report tabled in Parliament in April had said the government suffered a loss of ₹1,757.56 crore as state-owned telecom firm BSNL failed to bill Reliance Jio for 10 years since May 2014