Page 260 - Company News

GMR Hyderabad International Airport acquires 70% stake in Logistics Park

EGLPPL, an associate company of GMR Hyderabad International Airport, is into development of warehousing and logistics parks in Hyderabad

SAIL launches millet cultivation training prog for Chhattisgarh farmers

The initiative will be executed in collaboration with the Krishi Vigyan Kendra (KVK), Narayanpur.

Ericsson expands footprint with R&D unit in Bengaluru, to add 150 positions

Ericsson India MD Nitin Bansal said expanding ASIC R&D in India will allow the firm to leverage the local technology competence in the country and enhance its capabilities in semiconductor design

Amazon's anti-counterfeit team secures $180 mn in global penalties

Launched in 2020, Amazon's Counterfeit Crimes Unit has expanded to 12 countries, blocked fake listings, and led to civil and criminal actions with global law enforcement

Arkade acquires redevelopment project in Goregaon, eyes ₹350 cr in revenue

The 1.1-acre Goregaon West society deal marks Arkade's fifth project in the micro-market as it deepens redevelopment focus in Mumbai's western suburbs

Hitachi Energy gets order for 30 765 kV transformers from Power Grid Corp

These ultra-high voltage alternating current (UHV AC) transformers are capable of handling power equivalent to the average consumption of 30 mn households

AstraZeneca sets up ₹166 cr Global Hub to boost AI driven healthcare

The Global Hub reflects AstraZeneca's dedication to environmental sustainability and the facility is designed to achieve LEED Platinum certification

DS Group VC expects Pulse candy to become Rs 1K-cr brand in 2 yrs

Dharampal Satyapal (DS) group plans to develop Pulse candy into a multi-format, multi-occasion offering by moving into adjacent product categories

Adani, 4 others submit ₹10k-11k cr bids for Jaiprakash Associates

The Adani group, Vedanta, Jindal Steel & Power, Dalmia Bharat, and PNC Infratech are the final bidders and the offers range from ₹10,000 crore to ₹11,000 crore, said a source close to the development

Sundaram Home Finance aims to disburse ₹300 crore in Madhya Pradesh

With the current expansion in Pithampur and Ratlam, the total number of branches operated by Sundaram Home Finance in Madhya Pradesh increases to five

Oil giant Shell denies plan to acquire rival BP in £60 billion merger

Shell's denial of BP takeover reports has triggered a UK rule barring it from making an offer for at least six months

New fraud detection system shielded 3.5 mn users in Delhi-NCR, says Airtel

The statement assumes significance given the rising instances of digital frauds where unsuspecting users are lured online and deceived by scamsters

Signature Global plans to raise ₹875 crore via NCDs to fuel expansion

The board also approved the notice of postal ballot for seeking shareholders' approval for the issuance of NCDs

JP Morgan India pre-leases office space in Sumitomo's BKC project

The lease is for a period of 10 years and will commence on October 1, 2026, the proposed handover date of the property

ACME Solar secures BESS projects of 275 MW/550 MWh in Andhra Pradesh

The project requires system availability for two full operational cycles of two hours each every day, a company statement said

We are seeing significant traction in large deals: LTIMindtree CEO

Last month the company announced it has signed a $450 million deal with an agribusiness customer, this is one of the largest deals ever bagged by the firm since the merger

Netherlands-based firm Prosus sees IPO upside in India as portfolio matures

With $6.5 billion in Indian assets, the Dutch firm eyes near-term returns from listings, including Urban Company and BlueStone, amid sustained tech investment

Recycling industry to outgrow mining sector by 2050, says Tata Steel MD

He said the recycling sector presents opportunities in the form of designing steel for recycling and making good steel out of recycled materials

Vodafone Idea plans to raise $2.9 billion in loans to boost network

The billionaire Kumar Mangalam Birla-led wireless carrier had to earlier defer the plan as banks were concerned about the firm's weak finances and mounting dues to the government

Jio Financial Services invests ₹190 crore in payments bank subsidiary

The company has been allotted 190,000,000 equity shares of ₹10 each of Jio Payments Bank Ltd, a wholly-owned subsidiary, for cash at par, aggregating ₹ 190 crore, JFSL said in a regulatory filing