Page 253 - Company News

3G Capital, Singapore's GIC seek CCI nod to acquire Skechers

Investment firm 3G Capital and Singapore's sovereign wealth fund GIC have sought approval from the Competition Commission of India (CCI) to acquire footwear and apparel company Skechers.

Amazon India's Prime Day returns on July 12-14 with 72-hour mega sale

Amazon Prime Day 2025 will run from July 12 to 14 with offers on electronics, fashion, appliances and more as the e-tailer pushes for expansion in non-metro regions

Bharat Forge acquires AAM India Manufacturing for ₹746.46 crore

Pune-based Bharat Forge acquired AAM India Manufacturing at an equity value of ₹746.46 crore. The acquired company has ₹189.48 crore cash on its books

SBI to label RCom loan account as 'fraud', names Anil Ambani in RBI report

Reliance Communications in a regulatory filing said that it has received a letter dated June 23, 2025 from the State Bank of India (SBI) to this effect

Tata Steel on track for green transition in UK, Netherlands: Chandrasekaran

In the Netherlands, the company is in discussions with the Dutch government for financial and policy-level support on our decarbonisation plan

Indian shares dip as financials drag; HDB Financial surges 13.6% on debut

HDB Financial Services debuted at a premium of about 13 per cent to its issue price and closed its maiden session 13.6 per cent higher

Lodha Developers to deposit ₹520 cr as security in case against VHL

Lodha expects that the matter will be heard expeditiously in the apex court and the deposit will be released

OpenAI offers custom AI consulting services to clients at $10 million+

Pentagon, Grab among early clients as OpenAI expands to offer tailored versions of its flagship GPT-4o model to clients

Ola Electric sales at 60k units in Q1, sees sustained demand recovery in Q2

Ola Electric's sales growth comes on the back of a four-fold increase in its network, reaching 4,000 stores in December last year

Keystone Realtors chosen for ₹3K cr cluster redevelopment project in Mumbai

Five DAs signed and three LoIs in place for 4.75-acre cluster project in Lokhandwala, giving Rustomjee 10.6 lakh sq ft saleable area in key Mumbai residential zone

Will continue supporting HDB Financial post-IPO as well: HDFC Bank CEO

Terming the ₹12,500-crore initial public offering a complex transaction, Jagdishan said this is a historic day for the HDFC Bank-promoted non banking finance company

Keystone Realtors target ₹3,000 cr revenue with redevelopment projects

Keystone said this development aligns with its strategy to expand presence in prime suburban markets and build a well-diversified portfolio across micro-markets and ticket sizes

Embassy REIT raises ₹1,550 crore through NCDs and term loan facilities

Embassy REIT secures ₹1,550 crore through a mix of NCDs and a term loan, achieving an annual interest saving of 113 basis points through refinancing of existing debt

Rishikesh-Karanprayag rail link: L&T sets world record in tunnel building

L&T officials stated that this was the first time that anywhere in the world a single-shield hard rock tunnel boring machine was used in such an efficient manner

SBI flags Reliance Comms loan as fraud; Anil Ambani's name sent to RBI

State Bank of India's forensic audit cites fund diversion and loan violations; Reliance Communications says it is protected under the Insolvency and Bankruptcy Code

Biocon eyes early lead in generic Wegovy, Ozempic sales in Canada from 2026

The Bengaluru-based company is seeking approval of generic Ozempic by September from Canadian authorities, and also in some emerging markets, its managing director, Siddharth Mittal said

HDB to debut on Mumbai bourse following biggest Indian IPO of 2025

The IPO is the biggest since Hyundai Motor India Ltd.'s record $3.3 billion deal in October and comes as institutional share placements and listings are picking up after a lull

Tafe settles Agco dispute, retains Massey Ferguson brand in India

TAFE to buy back AGCO's 20.7% stake for $260 million, retains exclusive Massey Ferguson rights in India, Nepal, Bhutan; ends legal battle and commercial ties

SBI bets on digital tools and tie-ups to sustain market leadership

The state-owned bank is streamlining operations, enhancing customer experience, and strengthening its people to build a future-ready organisation, Chairman C S Setty said

Bajaj Finserv sets new target of 250 million customers within four years

Bajaj Finserv, one of India's biggest non-bank financial firms, in December set a target of 200 million customers by 2029, but has been winning business more quickly than expected