Page 235 - Company News

MTNL defaults on ₹8,585 crore loans from seven public sector banks

The banks include Union Bank of India, Bank of India, Punjab National Bank, State Bank of India, UCO Bank, Punjab and Sind Bank, and Indian Overseas Bank

Hindustan Coca-Cola Beverages appoints Hemant Rupani as its new CEO

He will succeed the current HCCB CEO Juan Pablo Rodriguez, who is moving to a new opportunity in the Coca-Cola system, it added

Japan's SMFG considers making additional $1.1 bn investment in YES Bank

Earlier this year, SMFG acquired a 20 per cent stake in YES Bank for approximately $1.6 billion

Oberoi Realty-led group to pay Rs 919 cr to acquire bankrupt hotel firm

The resolution plan was approved by the committee of creditors (CoC) on July 14 following which a letter of intent was issued in favour of the consortium

ManipalCigna to expand Tamil Nadu reach as Sarvah drives new business

Sarvah, ManipalCigna's flagship plan, accounted for 52 per cent of new business in Tamil Nadu in early 2025 as the company plans 10 new branches and 10,000 advisors

Hemant Rupani named CEO of Hindustan Coca-Cola Beverages effective Sept 8

Rupani will succeed Juan Pablo Rodriguez as CEO of HCCB and bring with him extensive FMCG experience from Mondelez, PepsiCo, Vodafone and Britannia

Aurobindo Pharma to manufacture, supply long acting HIV treatment drug

The Hyderabad-based drugmaker has been selected as one of the generic manufacturers under the expanded voluntary licensing agreement between the Medicines Patent Pool and ViiV Healthcare

TCS maintains 100% variable pay for 70% of staff in Q1 despite slowdown

India's largest IT firm pays full QVA to majority of its staff for the second straight quarter, even as revenue growth hits a multi-year low and annual hikes remain deferred

HCLTech Q1 results: Net profit slips 10% to ₹3,843 cr, revenue up 8.2%

Noida-based IT services exporter raises lower end of its guidance to 3-5% on constant-currency basis

Tesla on trial in Florida over fatal crash linked to autopilot system

Family members of the woman killed in the crash, Tesla engineers and auto-safety experts are expected to provide testimony in a federal courtroom in Miami during the jury trial

Temasek's India exposure hits $50 bn, eyes $3-4 bn annual investments

Temasek Holdings increases its India exposure to $50 billion by March 2025, with plans to invest $3-4 billion annually, focusing on sectors like financial services, healthcare, and sustainability

Tata Steel begins Port Talbot EAF project as UK backs £500-mn investment

Tata Steel's Port Talbot transformation gets underway with construction of a 3 mt electric arc furnace, backed by £500 mn UK government support for low-carbon steelmaking

Hero MotoCorp to enter UK, Germany, France, Spain in Q2 FY26: Munjal

Hero MotoCorp Chairman Pawan Munjal said that the firm achieved 43 per cent year-on-year growth in international markets in FY2025 from South Asia to Latin America

Zee Entertainment partners Ideabaaz Tech to launch startup show

Zee and Ideabaaz Tech launch 'Ideabaaz', a startup show to discover and fund entrepreneurs from tier II and III cities, with global broadcast reach via Zee TV and ZEE5

Sun Pharma launches Leqselvi in US after patent settlement with Incyte Corp

Sun Pharma will pay Incyte an upfront fee and royalties to market Leqselvi in the US for alopecia areata until patent expiry in FY26 following a litigation settlement

Sun Pharma launches hair loss drug Leqselvi in US after patent settlement

The delay in Sun Pharma's launch of Leqselvi in the US was caused by a patent infringement case, which was later settled in a US court with Incyte Corp

Wizz Air exits Abu Dhabi amid instability and lack of market access

Wizz CEO József Váradi said returning to Wizz's "bread and butter" of central and eastern Europe, where it competes with Europe's biggest airline Ryanair, would boost profits

Suraj Estate launches residential project worth Rs 120 cr in Mumbai

"Strategically located in Prabhadevi one of Mumbai's most sought-after residential neighborhoods the project has an estimated gross development value of Rs 120 crore, the filing stated

Cargo vehicle hit wing of stationary Akasa Air aircraft at Mumbai airport

However, there was no impact to passengers or the employees in the incident, which took place early morning on Monday after the airline's flight QP-1736 arrived here from Bangalore

SAEL to invest ₹8,200 cr in Greater Noida solar manufacturing plant

Through one of the largest investments seen so far in the solar manufacturing space in India, the plant in Greater Noida will boost SAEL's total module manufacturing capacity to 8.5 GW