Page 231 - Company News

Reliance Retail's AJIO launches four-hour delivery service in six cities

The move comes after Myntra launched its two-hour delivery service called M-Now in select areas of Bengaluru, Delhi-NCR, and Mumbai

NCLT approves merger of AEL's Adani Cementation with Ambuja Cements

The scheme is set to take effect from April 1, 2024, once all steps in the merger agreement are completed, as stated in the 70-page NCLT order

Kalpataru registers 41% growth in pre-sales to ₹4,531 crore in FY25

Kalpataru has recently launched its initial public offering (IPO) that ended with 2.26 times subscription

Indian Overseas Bank confident of maintaining profit of over ₹1K cr: CEO

The city-headquartered bank had registered its first ever highest net profit of ₹1,051 crore in the January-March 2025 quarter.

HDFC Bank's loan growth will continue to improve going forward: CEO

Margins may fluctuate on a quarterly basis, but will stabilise over time, he said

Dr Reddy's gets 7 USFDA observations after Srikakulam plant inspection

A Form 483 is issued by the US health regulator when inspectors identify conditions that may violate the Food, Drug, and Cosmetic (FD&C) Act or relevant guidelines

Signature Global to launch homes worth ₹6k cr in Gurugram: Chairman

Signature Global was the fifth-largest listed real estate firm in 2024-25, in terms of sales bookings, falling behind Godrej Properties, DLF, Lodha Group and Prestige Estates Projects Ltd

JSW Paints seeks CCI nod to acquire stake in Akzo Nobel for ₹12,915 cr

The development came after JSW Paints announced in June this year that it will buy a 74.76 per cent stake in Akzo Nobel India for ₹8,986 crore

Epsilon to partner with firms seeking ex-China EV battery supply: MD

This development comes as India ramps up efforts to build a resilient, localised battery supply chain in the wake of China's tightening export restrictions on critical battery technologies

Ashok Leyland takes proactive approach to tackle industry trends: Chairman

Digitalisation and connectivity are reshaping fleet management, after sales service, and the entire customer experience, Hinduja stated

NLC India arm NIRL to go public in Q2FY27; raise ₹4,000 crore: CMD

NLC India CMD said that the public sector enterprise is targeting to ramp up its RE capacity from 1.4 GW to 10 GW by 2030

Expect double-digit growth in FY26, rural demand to drive sales: Ceat CEO

The company is also waiting and watching the tariff situation in the US, a big growth market but not a significant one right now for it

GCPL aims to scale Godrej Fab over 2-fold to hit ₹500 cr revenue in FY26

The company is also working to deepen its rural presence, premiumise portfolio in household insecticides and other segments, and to build out its new pet care business

Roseate Hotels looking to diversify portfolio with managed properties: CEO

Kapoor emphasised upon the need to market India better, streamline visa processes and improve the working conditions for hospitality sector employees

Glas Trust calls Byju's defamation threat a bid to divert from court orders

Glas Trust now controls Byju's Alpha, which was a special-purpose financing vehicle established by the edtech firm to receive Term Loan B funds

Jio Financial, Allianz to launch reinsurance JV in India with 50-50 stake

The 50-50 venture combines Jio's local digital footprint with Allianz's global underwriting and reinsurance capabilities, the companies said in a statement late Friday

Reliance set to launch green energy gigafactories within next 6 quarters

Reliance to launch clean energy gigafactories in Jamnagar within four to six quarters; units to produce solar panels, batteries, and electrolysers, cutting energy costs by at least 25 per cent

Vedanta report by Viceroy 'lacks credibility', says Ex-CJI Chandrachud

Former CJI DY Chandrachud said Viceroy's report on Vedanta includes damaging terms like 'ponzi', and the company would be well-placed to seek legal remedies

Jio Financial Services ties up with Allianz Group for 50:50 reinsurance JV

Sign non-binding agreement to set up equally owned JVs for life and general insurance biz

JPMorgan starts research coverage of top private firms like OpenAI

The largest US lender released its first report on OpenAI, the company that spurred Wall Street's AI gold rush, according to an internal memo seen by Reuters