Page 258 - Company News

Radisson Group looking at doubling hotel portfolio in India: South Asia MD

Notably, Radisson is the largest luxury hotel chain in Jammu and Kashmir, with seven hotels in operation, including five in the valley, and 2-3 hotels in the pipeline

Meesho gets shareholders' approval to raise Rs 4,250 cr through IPO

The resolution for IPO was passed in the Extraordinary General Meeting on June 25, the filing by the e-commerce company said

Panasonic exits refrigerator, washing machine segments in India amid losses

In washing machines, its share was 1.8 per cent and it was 0.8 per cent for refrigerators. In both the segments, Panasonic was reporting losses in sales over the last six years

TPG-backed Altimetrik buys SLK Software to expand services, boost revenue

The deal will help Altimetrik leverage SLK's deep customer relationships, global operational footprint and complementary leadership talent to further deliver innovation-led value creation for customer

Bhushan Steel's former resolution professional files review petition in SC

Mahender Khandelwal, the RP for Bhushan Power and Steel Ltd, has claimed that the top court has overlooked certain critical documents and procedural compliances and committed certain 'errors apparent'

Prestige Group, Chennai-based realtor form JV to develop ₹1,600 cr project

Prestige Estates Projects Ltd and Arihant Foundations and Housing Ltd have formed a joint venture to buy 3.48-acre land in Velachery, Chennai from Rane (Madras) Ltd

Bangladesh pays $384 mn to Adani Power to clear major portion of power dues

Bangladesh has faced difficulties meeting payments under a 2017 deal, as rising import costs from the Russia-Ukraine war and internal political unrest have strained its finances since 2022

Starlink set to receive final regulatory approval for India market launch

Starlink awaits final authorisation from space regulator IN-SPACe; ground infra and security clearance still pending for India launch

Patna-bound IndiGo flight grounded in Ranchi due to deflated tyre: Official

Patna passengers were sent by road, while those traveling to Lucknow were put on other flights via alternate routes

DHL Express top-line is growing at 12% CAGR in India: SVP-South Asia

DHL Express India is growing at 11-12 per cent CAGR and has expanded its Bengaluru airport footprint with a Rs 34 crore investment to handle SME shipment volumes

HDFC MF buys ₹137 crore stake in Sundram Fasteners via open market deal

After the stake buy, HDFC Mutual Fund's holding in Chennai-based Sundaram Fasteners rose to 5.02 per cent from 4.37 per cent

ITC's FMCG biz clocks in consumer spend of over ₹34,000 cr in FY25

Consumer spend on ITC's FMCG brands grew 4.6 per cent to over Rs 34,000 crore in FY25, with rural demand holding up despite muted growth across the broader sector

BSNL to launch 5G in Delhi, key cities by September-end: Officials

BSNL to begin 5G rollout in Delhi and select cities by September as 4G deployment crosses 93,000 towers with plans to scale further after first 1 lakh sites

Wakefit to raise ₹468 crore via IPO; plans to expand Coco stores

Wakefit plans to raise Rs 468.2 crore via IPO, with a fresh issue and partial exit by promoters and investors as it expands store network and marketing efforts

Mercedes-Benz India unfazed by China rare-earth magnets supply curbs

Company is 'comfortably placed' this year in sourcing critical supply, says automaker

Pine Labs CEO Amrish Rau may net ₹1,000 crore as firm files for IPO

Pine Labs' DRHP shows CEO Amrish Rau's net worth may cross ₹1,000 crore as he sells shares via OFS, alongside Peak XV, PayPal, Mastercard and other investors

JSW Paints to buy almost 75% stake in Akzo Nobel India for ₹8,986 cr

Conglomerate to acquire 75% in Dutch paint maker for ₹8,986 cr; to become fourth-largest player in the sector

Adani fastest-growing Indian brand in 2025; value up by 82%: Report

Adani Group has been named the fastest-growing Indian brand, thanks to its aggressive and integrated approach to infrastructure, as per the Most Valuable Indian Brands 2025 report by Brand Finance

PSU Mazagon Shipbuilders to acquire controlling stake in Colombo Dockyard

The move assumes significance amid the increasing assertiveness of Chinese in the Indian Ocean region and its presence in India's neighbourhood

Biocon Biologics to launch Eylea biosimilar Yesafili in Canada next month

Yesafili is the first Eylea biosimilar approved in Canada and Biocon Biologics' 10th commercialised biosimilar, with launch scheduled for July 4 across the country