Page 232 - Company News

JSW Steel expansion plan on track despite SC order on BPSL: Jayant Acharya

JSW Steel Joint MD and CEO Jayant Acharya, in an earnings call, said that BPSL was not part of the brownfield expansion that the steel company took into account while setting the 50 million tonnes

JLR delays launch of Range Rover, Jaguar electric vehicles: Report

JLR has told customers deliveries of the Range Rover Electric won't start until next year, the report said, while a source told the newspaper that Jaguar's first EV will start production in Aug 2026

Tata Motors in talks to acquire European truckmaker Iveco: Report

India's Tata Motors has approached Exor, the Agnellis' investment company, over its controlling stake in Iveco Group, two of the sources said. A sale would not include Iveco's IDV defence business

Global conflicts, US tariffs may affect revenue: Tata Communications CEO

Says spending slowdown may hit plan to have $1 bn revenue from US

Reliance Retail Q1FY26 results: Net profit up 33% on expansion spree

The firm's revenue from operations stood at ₹73,720 crore, up 11.3% year-on-year, while its gross revenue also rose by 11.3% to ₹84,171 crore

IOB Q1 net up 76% at ₹1,111 cr, eyes QIP for ₹4,000 cr equity in Q3FY26

Indian Overseas Bank (IOB) posted a 76% rise in Q1FY26 net profit to Rs 1,111 crore and plans to raise Rs 4,000 crore via QIP in Q3FY26 to dilute government shareholding

Axis Bank's Arjun Chowdhury resigns; Gambhir elevated to executive director

Axis Bank's senior leadership has seen churn lately. In June last year, Sumit Bali, group executive overseeing retail ­lend­­­ing quit and joined Yes Bank

JSW Steel Q1 results: Profit up over 2x on volumes, low coking coal cost

The firm's total revenue, on a consolidated basis, increased 0.5 per cent to ₹43,147 crore from ₹42,943 crore last year. The Bloomberg estimate for revenue was ₹43,004 crore

BEML wins ₹185.65 cr order from govt for 79 indigenous bulldozers

The new order follows the company's successful execution of an earlier contract for 66 bulldozers, all of which were delivered well within the stipulated timeline

Reliance Infrastructure receives NCLAT breather from insolvency proceedings

NCLAT stays insolvency proceedings against Reliance Infrastructure after the company claims it has fully paid all dues, including interest. The matter is set for hearing on August 27

Smoke Lab Vodka maker NV Group expects 40% jump in domestic sales in FY26

NV Group expects a 30-40% rise in domestic sales in FY26, driven by growing demand and policy stability. The company is also focusing on global expansion and plans for an IPO

Adani exits AWL agri business, sells 10.42% stake to Wilmar for ₹3,732 cr

The transaction was valued at around ₹3,732.54 crore and executed at an average price of ₹275.50 apiece

Chevron clears final hurdle to acquire Hess in $53 billion mega deal

Chevron said Friday that it completed its acquisition of Hess shortly after the ruling from the International Chamber of Commerce in Paris

Reckitt Benckiser sells homecare brands to Advent in $4.8 billion deal

Reckitt said it will retain a 30 per cent stake in the business, whose brands include Air Wick air fresheners and Cillit Bang cleaners

Firstsource signs pact to acquire UK-based Pastdue Credit Solutions

The acquisition is subject to UK Financial Conduct Authority approval, Firstsource said in an exchange filing

Asian Paints challenges CCI investigation order in Bombay High Court

CCI had ordered an investigation into the company for alleged abuse of dominant position based on a complaint received by Aditya Birla Group's Grasim Industries on July 1

ITC Hotels plans to scale up to 220 properties by 2030 via franchise push

ITC Hotels is accelerating growth through franchise and management contracts under its asset-light growth strategy, strategic partnerships, and brand-led operations in India and neighbouring markets

Dodla Dairy acquires Osam Dairy for ₹271 crore to expand into eastern India

The transaction marks an exit for Osam Dairy's promoters Abhinav Shah and Harsh Thakkar, along with private equity investors who had backed the company

ITC Hotels plans to expand portfolio to over 220 operating units by 2030

According to the annual report for 2024-25, the company plans to accelerate its growth through management contracts and franchise arrangements

EU imposes sanctions on Rosneft's India refinery, lowers oil price cap

Rosneft owns 49.13 per cent stake in Nayara Energy Ltd, formerly Essar Oil Ltd. Nayara owns and operates a 20 million tonne a year oil refinery at Vadinar in Gujarat as also over 6,750 petrol pumps