Page 241 - Company News

PC Jeweller to raise ₹500 crore via preferential issue to repay debt

The preferential allotment of equity securities will be made to promoter and non-promoter investors as the company aims to be debt-free by March 2026

Bain Capital divested 1.9% stake in Embassy Office Parks REIT for ₹691 cr

Private investment firm Bain Capital on Thursday divested a 1.9 per cent unitholding in Embassy Office Parks REIT for Rs 691 crore through an open market transaction.

Nutella maker Ferrero to acquire WK Kellogg private in $3.1 bn deal

The deal, which still needs approval from Kellogg shareholders, is expected to close in the second half of the year

HUL announces Priya Nair as new MD-CEO for 5 years effective Aug

Priya Nair's appointment, effective August 1, 2025, marks a five-year term as HUL MD and CEO, succeeding Rohit Jawa who steps down after two years in the role

Anil Agarwal unveils 3D strategy to double Vedanta's business size

Vedanta Chairman Anil Agarwal unveils a 3D strategy - demerger, diversification, deleveraging - to double the company's size and unlock value, aiming to create $100-billion businesses across sectors

Anand Rathi Wealth Q1 profit jumps 28% to ₹94 cr, revenue up 16%

The company had posted a PAT of ₹73.4 crore in the same quarter of the preceding fiscal, Anand Rathi Wealth said in a statement

Deepak Fertilisers inks pact with Petronet LNG for regasification

DFPCL, along with its step-down subsidiary Performance Chemiserve Ltd (PCL), have entered into the agreement for a period of five years

LIC posts 14.6% jump in June individual premium despite policy drop

In June 2025, LIC collected ₹5,313 crore in individual premium, compared to 25 private sector companies, which together accounted for ₹8,408 crore

EY launches AI academy to boost GenAI skills across Indian industries

The move comes at a time when there is a widespread discussion about how the advent of AI can unlock potential for productivity and economic gains

Glenmark Pharma's unit, Abbvie sign global licensing deal for cancer drug

Under the agreement, AbbVie will get exclusive rights to develop, manufacture and commercialize ISB 2001 in North America, Europe, Japan and Greater China

Hero MotoCorp appoints Kausalya Nandakumar as CBO of emerging biz unit

Nandakumar brings nearly two decades of leadership experience spanning the automotive, electric mobility, digital innovation, and social impact sectors, Hero MotoCorp said in a regulatory filing

Govt plans additional LIC stake sale through OFS; talks in early stage

At present, the government owns 96.5% of LIC. In May 2022, it sold a 3.5% stake through an IPO, priced between ₹902 and ₹949 per share

Digital Connexion appoints CR Srinivasan as CEO to lead AI growth plans

Digital Connexion is a joint venture (JV) between Brookfield Asset Management, Reliance Industries Limited and Digital Realty

Canara Bank drops 'fraud' label on Anil Ambani-linked RCom loan account

The case relates to a loan account linked with Ambani's firm Reliance Communications, which is undergoing insolvency proceedings

PhysicsWallah, YCMOU join hands to offer credit-based online degrees

YCMOU will be responsible for academic approvals, compliance, and degree issuance, while PW is going to manage the technology platform, student engagement, and content delivery

HoABL, Mittal Builders to co-develop ₹2,000-cr township in Naigaon

The 3-million sq ft township in MMR will offer 4,600 homes and high-street retail, with infrastructure boosts like Metro Line 13 and the Delhi-Mumbai Expressway to aid growth

Gentari, Shell India forge EV charger roaming partnership in India

The partnership aims to significantly enhance EV charging accessibility and service quality in India by enabling roaming between Gentari Go and Shell Recharge

Amazon launches 10-minute delivery in Delhi, expands quick commerce play

Amazon expands its 10-minute delivery service to Delhi, stepping up its quick commerce push with ₹2,000 crore investment

IPO-bound Oyo partners Yatra to expand its business travel offerings

As part of this alliance, more than 500 company serviced hotels of Oyo have already been on-boarded for the first time on Yatra's platform

Puravankara partners landowner to build ₹1K cr housing project in Bengaluru

Realty firm Puravankara Group on Thursday said it has partnered with a landowner to develop a housing project worth around Rs 1,000 crore at Balagere, in East Bengaluru