Page 254 - Company News

Apollo eyes 20-23% growth in new co; says restructuring to unlock value

New entity combining Apollo 24/7, HealthCo, and Keimed aims for Rs 25,000 crore revenue by FY27 with 7% EBITDA margin; IPO planned in 18-21 months

CCI approves Coromandel's acquisition of stake in NACL Industries

In March this year, Coromandel International announced the acquisition of a majority -- 53 per cent -- stake in NACL Industries Ltd for Rs 820 crore

Tata Steel awards major upgrade project to local firm Systems Group

Systems Group, based in Maesteg, will carry out critical structural work and pipework replacement on Port Talbot's two continuous casters an essential part of the steelmaking process

Vedanta edges higher ahead of NCLT's decision on demerger scheme

Vedanta's plea to demerge into four distinct entities is listed for final approval before the NCLT on Wednesday; stock rises 1.1 per cent ahead of the tribunal's decision

Adani group acquires 85% stake in MRO firm Air Works for ₹400 crore

The acquisition is part of Adani Group's plans to expand in the aircraft services and maintenance, repair, and overhaul segment

Rajendra Prasad Goyal gets additional charge as NHPC CMD from July 1

Rajendra Prasad Goyal has been assigned the charge on the directions of the power ministry, NHPC said

Lupin carves out consumer healthcare biz into wholly owned subsidiary

The carve-out will be effective from 1 July 2025, according to the company's regulatory filing on the exchanges.

NMDC cuts iron ore lump price by ₹600 per tonne, fines by ₹500 per tonne

In the last price revision announced on June 4, NMDC had fixed the rate of the lump at ₹6,300 per tonne and that of fines at ₹5,350 per tonne

Hindware inaugurates ₹170 cr piping products plant in Uttarakhand's Roorkee

The new facility will manufacture a wide range of CPVC, UPVC, SWR and PVC pipes and fittings, as well as overhead water storage tanks, the company said in a statement

Delhi HC stays order directing Amazon to pay ₹339 cr in trademark case

Delhi HC finds no specific role of Amazon in alleged trademark violation of Beverly Hills Polo Club brand and stays damages and cost order issued by single judge

PlayboxTV to invest nearly ₹25 cr in content arm, eyes ₹100 cr ARR

The platform has made a strategic entry into the fast-growing micro-dramas segment with the launch of vertical content feature PlayShots

Makaibari brand owner Luxmi Group buys majority stake in UK's Brew Tea Co

Co-founders Phil and Aideen Kirby will retain a 20 per cent stake and will continue to lead Brew Tea Co as part of the partnership

Maruti Suzuki India's total sales decline 6% to 167,993 units in June

Its total domestic passenger vehicle dispatches to dealers stood at 1,18,906 units last month compared to 1,37,160 units in the year-ago period, a dip of 13 per cent

Hyundai Motor India's total sales decline 6% to 60,924 units in June

The company's total sales stood at 64,803 units in June last year, Hyundai Motor India Ltd (HMIL) said in a statement

CleanMax, Toyota Tsusho India join hands to develop 300 MW green capacity

The new partnership aims to leverage synergies between both companies to develop and operate renewable energy projects for Japanese corporates in India, CleanMax said in a statement

Keystone to redevelop Mumbai locality with Mhada, eyes GDV of Rs 4,521 cr

The project spans 11.19 acres in Sion Koliwada and will rehabilitate 1,200 members, unlocking 20.7 lakh sq ft of saleable area for Rustomjee and stock for Mhada

Audi retail sales decline 14% in H1 2025 at 2,128 units amid weak demand

Audi is facing headwinds as slowing demand driven by price increases from a weakening exchange rate and heightened market uncertainty amid evolving geopolitical tensions continues to hurt performance

BPTP Group to invest ₹3,000 cr to build 12-acre housing project in Gurugram

The company is developing a 12.05-acre project at Sector 102 on Dwarka Expressway, Gurugram comprising around 1,600 apartments

CARE upgrades rating of Aadhar Housing Finance's NCDs, bank loans

Aadhar Housing Finance has said CARE has upgraded the rating of the company's long-term bank facility and non-convertible debentures (NCDs) by a notch.

TVS Motor sales rise 10% in June to 402,001 units, 3W sales jump 42%

TVS Motor Company on Tuesday reported a 20 per cent year-on-year increase in total sales at 4,02,001 units in June