Page 249 - Company News

VinFast partners with RoadGrid for EV charging, servicing in India

VinFast is investing $500 million to set up its manufacturing plant in Tuticorin, Tamil Nadu, which is expected to be completed by the beginning of the second half of 2025

Shein files for IPO in Hong Kong after facing setbacks in US, UK listings

Shein's plan to go public in the US, and later in the UK, hit a roadblock due to growing scrutiny over its labour practices, data handling, and rising regulatory and geopolitical pressure

Adani Power acquires 600 MW VIPL coal power plant for Rs 4,000 crore

APL has successfully completed the acquisition and implemented the resolution plan for VIPL for an aggregate consideration of Rs 4,000 crore

Lodha Developers buys 5 land parcels to build homes worth Rs 22,700 cr

Lodha Developers said it has achieved more than 90 per cent of its target to add Rs 25,000 crore worth of projects this fiscal

Sobha Q1 pre-sales rises 11% to ₹2,079 cr on better demand for homes

The Bengaluru-based company sold 14.44 lakh sq ft area in April-June period of this financial year as against 11.75 lakh sq ft, according to a regulatory filing

Adani Power seals ₹4,000 crore deal for Vidarbha Industries Power

With this acquisition, Adani Power's operational capacity rises to 18,150 MW, with targets to reach 30,670 MW by 2030

Nectar to sell API, formulations and menthol biz to Ceph for ₹1,290 cr

By divesting mature segments of our business, we are laying the foundation for a focused and agile organisation geared towards innovation, said Nectar's Promoter and Chairman Sanjiv Goyal

Jindal Steel Duqm to start Oman-based 5 MTPA green steel plant in 2028

The green hydrogen required for this transition is expected to come from multiple renewable energy and green hydrogen projects being developed in Duqm by the Government of Oman and private investors

Lenders ask bidders to sweeten offers for debt-laden Jaiprakash Associates

CoC in final phase of assessing resolution plans from 5 shortlisted bidders

Capgemini to acquire WNS for $3.3 billion in cash to boost AI capabilities

Capgemini acquires Mumbai-based WNS for $3.3 billion to scale agentic AI services and boost revenue, eyeing cross-sell synergies and access to key enterprise clients

IHCL brands are growing, Ginger expanding fastest: N Chandrasekaran

At IHCL's AGM, chairman N Chandrasekaran says all brands are growing, led by Ginger; EBITDA margin at 35 per cent and goal set to double revenue by 2030

Norges Bank supports ZEEL's preferential issue of convertible warrants

Norges Bank Investment Management, a major ZEEL shareholder, supports the company's preferential issue of convertible warrants to promoter group entities ahead of the EGM on July 10

Tata Steel inks MoU with InQuik to bring modular bridge tech to India

According to Tata Steel, the agreement will help expand its offerings in the infrastructure space by adding value-added construction products to its portfolio

JSW Infra to invest ₹740 cr in developing container berths at Kolkata Port

JSW Infra will develop container berths at Kolkata Port with a ₹740 crore capex, focusing on enhancing handling capacity under a 30-year concession period as part of government's port privatisation

Lodha Developers reports 10% growth in Q1 FY26 pre-sales to ₹4,450 crore

Lodha Developers reports a 10% YoY growth in Q1 FY26 pre-sales to Rs 4,450 crore, confident of meeting its FY26 pre-sales target of Rs 21,000 crore despite geopolitical challenges

ExxonMobil discovers new offshore natural gas reservoir near Cyprus

Drilling resulted in preliminary indications of 350 metres of a gas-bearing reservoir at a depth of 1.9 kilometres (1.2 miles) in the Pegasus-1 well, spokesperson Konstantinos Letymbiotis said

JSW Infrastructure bags ₹740 crore project to develop Kolkata port

The project comes with a 30‐year concession period under the government's initiative to privatise ports

HCLSoftware launches sovereign AI to enhance government data privacy

HCLSoftware's Domino 14.5 introduces a sovereign AI extension, Domino IQ, aimed at protecting data privacy for governments and regulated organisations, ensuring greater information security

Amazon banks on India's smaller cities ahead of first 3-day Prime Day sale

With a Rs 2,000 crore investment, Amazon targets smaller cities, expanding its fulfillment and delivery network to fuel growth, as it prepares for its first three-day Prime Day sale from July 12-14

HC grants relief to Galderma against infringers using 'CETAPHIL' trademark

Bombay HC issues John Doe injunction allowing Galderma to take immediate action against counterfeit CETAPHIL products; seizures made in New Delhi and Mumbai