Page 237 - Company News

VinFast to start production at Tamil Nadu facility, deliveries in August

VinFast is set to begin production at its $2 billion Tamil Nadu plant this month and plans to start vehicle deliveries from the festive season, with a focus on exports and an expanding service network

Over 20 NPAs with ₹500 crore outstanding on sale by Punjab & Sind Bank, IoB

Punjab & Sind Bank and Indian Overseas Bank have put up over 20 non-performing accounts (NPAs) for sale, with a total principal outstanding of ₹500 crore, via a Swiss challenge auction

AI firm iOPEX Technologies innaugrates second facility in Chennai

The US-based company recently strengthened its footprint with the inauguration of the second facility in Chennai, marking a new chapter of growth in the region

DLF achieved record sales collections in FY25; uptick in bookings: Chairman

DLF Limited reported record sales collections in FY25 and noted a significant increase in new sales bookings. The company is focused on expanding its residential, commercial, and retail segments

Intellect Design eyes ₹1K-cr revenue from its AI platform Purple Fabric

AI-driven Purple Fabric to double annual deals, power BFSI digital growth

Mercedes-Benz India plans to increase prices by 1-1.5% from September

The luxury car market leader has already hiked vehicle prices twice this year, first in January and then in July

DLF Chairman Rajiv Singh's remuneration rises 34% to ₹36.65 cr in FY25

Out of the total remuneration paid to the DLF Chairman, ₹34.53 crore has been in the form of commission

NLC India to invest ₹1.25 trn capex by 2030, bets big on renewable energy

NLCIL is arranging finance for the planned capex of ₹1.25 trillion through internal accruals, domestic loans, Initial Public Offering's (IPOs), External Commercial Borrowings (ECBs)

Costa Coffee's India FY25 sales jump 30%, gross margin declines marginally

Its revenue from operations was ₹151.8 crore, and profit stood at 116.6 crore for the financial year ended March 31, 2024

Lodha Developers eyes ₹1,500 crore rental income in FY31, says MD

The company's annuity income, which includes rents from leased commercial assets, stood at ₹250 crore in the last fiscal year

Vedanta's donations to BJP nearly quadruples to ₹97 cr in FY25: Report

Under "Miscellaneous Expenses', Vedanta detailed the political donations as well as the management and brand fee expenses it paid to its parent, London-listed Vedanta Resources

Cipla to enter weight management segment in India: MD & Global CEO Vohra

The Mumbai-based firm is also strengthening its presence in the central nervous system (CNS) therapeutic area

FIL Industries eyes more ropeway projects, plans to raise ₹200 crore

The company, which has invested about ₹750 crore on three ropeway projects, plans to bundle all of its current and future projects in a single SPV

Marico aims to be ₹20K cr FMCG firm by 2030, double revenue in next 5 years

The company, which owns popular brands as Saffola, Parachute, and Livon, crossed the ₹10,000-crore revenue milestone in the last 2024-25 financial year

FundsIndia names Akshay Sapru as Group CEO to lead strategic growth

Digital platform for mutual funds and investment solutions provider FundsIndia has appointed Akshay Sapru as its Group Chief Executive Officer, the company said on Saturday.

Muted sales spur leadership change, Priya Nair to lead HUL's growth reboot

HUL appoints Priya Nair as MD & CEO effective Aug 1, replacing Rohit Jawa after his short two-year stint; move signals Unilever's push for stronger growth and leadership stability in India

Lohia Worldspace to launch ₹200 cr luxury villa project in UP's Moradabad

Lohia Worldspace is the real estate arm of the diversified Delhi-based Lohia Global, a privately held company with an annual revenue of around Rs 1,200 crore

Delhi, Mumbai flyers may face higher charges as GMR, Adani win tariff case

A tribunal has allowed GMR and Adani Airport to include non-aero revenue in tariff model, boosting earnings at Delhi and Mumbai airports; flyers and airlines may face higher charges as a result

Foxconn brings iPhone 17 parts to India, trial assembly to start this month

Foxconn begins shipping key iPhone 17 parts from China to India for trial production; full-scale assembly to start in August as Apple aims for simultaneous launch in India and China

Zee Entertainment shares fall over 3% after promoter stake hike rebuff

Zee Entertainment shares fell 3.1% after shareholders rejected a proposal to increase the promoter family's stake. The company's fundraise plan via convertible warrants also failed to secure approval