Page 26 - Company News

HAL, Samtel open India's first public-private defence avionics facility

The new facility will house testing and quality assurance capabilities for advanced display systems, besides supporting the design, development, manufacturing and product support of display systems

DHL Express India kicks off indexed levy to offset rupee volatility

'Pricing usually factors in 2-3% rupee decline vs euro, dollar'

India leading Nestle growth across emerging markets: CEO Philipp Navratil

Nestle CEO Philipp Navratil said India is the group's highest-performing market in H1 2026 and welcomed front-of-pack labelling, while signalling scope for more local manufacturing

Jio Financial bets on AI, global partnerships to drive next phase of growth

Jio Credit's AUM has crossed ₹30,000 crore and JioBlackRock's ₹21,000 crore as JFS expands lending, investments and insurance through technology and global alliances

Memory chips make up half the device cost now, says Asus India V-P

Memory chip costs have risen from 10-15 per cent of device prices two years ago, prompting further increases of 5-10 per cent in the October-December quarter, according to Su

Devyani International, Sapphire Foods revise proposed merger scheme

Promoter SFML will join the merger on the same terms as other Sapphire Foods shareholders after its planned 18.5 per cent stake sale to Arctic International was terminated

AESL wins ₹4,700 cr transmission project in Maha for 4.5 GW renewable power

The 36-month project will add 562 circuit km of transmission lines and 9,000 MVA of transformation capacity while supporting pumped-storage projects in Maharashtra

German chipmaker Infineon takes Bengaluru office on ₹750 crore lease deal

Semiconductor major will occupy 632,000 sq ft across 10 floors at Bagmane Solarium City under a 10-year lease starting on December 1, 2026, with rent rising 15 per cent every three years

Prudential to sell 2% in India asset manager to meet regulatory threshold

Prudential Corporation Holdings Ltd., a subsidiary of the UK-based insurer, will offload 9.9 million shares in ICICI Prudential Asset Management Co. on Aug. 27

Dilip Buildcon weighs InvIT route to monetise power transmission, RE assets

Infrastructure developer may create a separate energy InvIT or place power assets under Anantam Highways as it seeks predictable, long-term cash flows through monetisation

Solar panel maker Avaada Electro files updated DRHP for ₹7,600 crore IPO

The Brookfield-backed company plans a ₹1,600 crore fresh issue and a ₹6,000 crore offer for sale as it expands solar module and cell manufacturing capacity in India

Runable raises $21 million to help small businesses grow with AI agents

The AI agent platform has reached 1.5 million users and $2 million in annual recurring revenue, and will use the funds to expand growth channels, its free academy and team

Wipro Consumer Care enters India's premium pet food market with Snuggles

The company has launched dry dog food combining kibble with freeze-dried chicken chunks as packaged pet food penetration remains at just 7 per cent among pet parents in India

BSE, NSE impose over ₹59 cr penalty on NTPC, SJVN, REC for non-compliance

Stock exchanges BSE and NSE together imposed penalties totalling Rs 59.14 crore on public sector power companies NTPC, REC and SJVN for breach of norms.

Adani Group-backed Cemindia reportedly close to $524 million share sale

The company's board on July 23 approved raising as much as 50 billion rupees through the issuance of equity shares via a qualified institutional placement.

Deloitte to pay $21.5 mn to settle US workplace discrimination claims

Deloitte to pay $21.5 million to settle US government's allegations of race- and sex-based discrimination in hiring, promotions, staffing and employee programmes

L&T wins 13 orders since July, signalling revival in West Asia business

While the engineering giant only shares a range instead of giving out the exact order value, a Bloomberg News estimate pegs the average at about ₹1.11 trillion in the ongoing quarter

India's rise among top 5 Nestle mkts on the horizon: CEO Philipp Navratil

When asked about the timeframe for India entering the top five list, he said the ambition was very much within near-term rather than a distant goal

Planet Scuba launches iNDiC to build diving systems, eyes global market

The company said iNDiC was initially shaped around the operational requirements of the Indian Armed Forces but has been designed for a wider international market

Wipro adds AI agent to personalise skilling for over 240,000 associates

Wipro has added an AI agent to its skilling platform for over 240,000 associates, with personalised course recommendations based on roles, skills and past learning