Page 252 - Company News

Reliance to consolidate consumer brands under New RCPL subsidiary

RIL said that the spin-off is aimed at attracting investors beyond those backing its retail unit

MobiKwik's subsidiary receives Sebi approval to act as stock broker

MobiKwik Securities Broking (MSBPL), a subsidiary of MobiKwik, receives SEBI approval to act as a stock broker and clearing member, strengthening its position in the capital markets ecosystem.

IEX Q1 power trade rises 15%, REC volumes jump 149% amid price drop

Lower demand from early monsoons and higher renewable supply drove prices down, while IEX saw strong growth in real-time trading and a surge in renewable energy certificate volumes

Marico estimates low-twenties percentage quarterly revenue growth

The consumer goods maker forecasts gross margin to remain under "incremental pressure" due to high costs of key raw materials such as copra

IL&FS moves NCLT to scrap Brookfield's Rs 1,080-cr bid for BKC property

In its petition, IL&FS alleged that an affiliate of Brookfield, Chronos Properties, was required to maintain Performance Guarantee until the execution of definitive agreements

Saurabh Vatsa to take charge of Nissan India commercial ops in reshuffle

Nissan Motor India is gearing for at least three new vehicle launches between 2026 and 2027

Matter Motor plans to launch one electric bike annually over next 3 years

The Ahmedabad-based company plans to open up to 60 dealerships across the country this financial year, with the majority of them in South India

Adani Airport rolls out digital lounge access, cuts intermediaries

Adani Airport CEO Arun Bansal said that passengers can now access lounges directly through their platform, removing the need for intermediaries

Karnataka CM's remark on Covid vaccines 'factually incorrect': Biocon chief

Siddaramaiah suggested that the recent heart attack deaths in Hassan district may be linked to the vaccination drive, adding that the vaccines were 'hastily' approved

Tata Power Renewables adds record 752 MW of solar capacity in Q1FY26

With the Q1 FY26 commissioning, the company said its total utility-scale operational capacity now stands at 5.6 GW, including 4.6 GW solar and 1 GW wind capacity

IFC, IndiGrid to build India's largest battery energy storage project

IFC committed ₹460 crore to IndiGrid to build the project in Gujarat. It is designed to play a key role in supporting the state's clean energy goals

HDFC Bank CEO moves SC to quash FIR filed by Lilavati Hospital Trust

HDFC Bank CEO Sashidhar Jagdishan moved the SC against a cheating FIR filed by Lilavati Hospital Trust, which alleged he accepted ₹2.05 crore to help one group retain control of the Trust

Karur Vysya Bank, Kshema General Insurance announce strategic alliance

The companies said the collaboration marks a seminal change in India's bancassurance landscape through a strategic alliance and a product tailored for the agricultural community

Setback for Patanjali as HC orders to pull 'disparaging' ads against Dabur

Delhi High Court directs Patanjali to take down ads after Dabur claims its chyawanprash was unfairly targeted as 'inferior and unsafe', alleging misleading remarks in Baba Ramdev-led campaign

Godrej Industries to invest ₹750 cr on capacity expansion of chemicals biz

Godrej Industries (Chemicals) will double its fatty alcohol and uric acid capacities with an addition of 35,000 tonnes per annum and 20,000 tonnes per annum respectively

Tata likely in talks to buy out investors in Resurgent Power Ventures

Tata Power is working with an adviser to help buy stakes held by ICICI Venture Funds Management Co, Kuwait Investment Authority and Oman Investment Authority

Max Financial's Axis Max Life reports unauthorised acces to customer data

Axis Max Life Insurance is a joint venture between private lender Axis Bank and Max Financial

Tata Steel expects UK unit to turn EBITDA-positive in FY25 amid green shift

Tata Steel eyes turnaround in UK with green steel plans as chairman Chandrasekaran confirms ₹15,000 crore annual capex and targets 40 mt capacity in India

Foxconn recalls staff from India, iPhone 17 production may be hit

Apple's plan to scale iPhone production in India may be disrupted as Foxconn recalls Chinese staff, delaying training and tech transfer for iPhone 17 manufacturing

Adani to bring all cement units under one roof; eyes 140 mt single entity

To sell promote Adani Cement brand alongwith ACC, Ambuja brands