Page 264 - Company News

HAL to deliver six Tejas jets to IAF by March amid engine supply delays

Sunil said the GE engines will be used in the Tejas Light Combat Aircraft Mark 2 variant and the initial prototypes of fifth-generation Advanced Medium Combat Aircraft (AMCA)

Emmvee bags ₹1,500 cr order from KPI Green Energy for solar module supply

Modules will be manufactured at Emmvee's facilities in Dabaspet and Sulibele, Karnataka, and deployed for an upcoming solar project in Gujarat, a company statement said

Working with suppliers to reach $10 bn sourcing from India: Walmart CEO

Last year, Walmart said it had sourced goods worth over $30 billion from the Indian market in the last two decades for its global operations

Centre mulls relief for Vodafone Idea as threat of insolvency looms

The government is considering extending the repayment period for AGR dues from the current six years to 20 years, while also shifting from compound to simple interest on the outstanding amount

Ashok Leyland sees single-digit growth in medium, heavy vehicle segment

Industry growth is expected to be driven by the government investment in infrastructure and tailwinds such as the good performance of core industries, Sanjeev Kumar, President - M&HCV said

TVS Emerald secures new land parcel in Bengaluru; eyes ₹700 crore revenue

TVS Emerald expands Bengaluru footprint with a 7.18-acre acquisition in Rayasandra, aiming to develop a premium residential project with ₹700 crore revenue potential

Infosys accuses Cognizant of poaching key talent to sabotage Helix platform

Infosys has named two top Cognizant executives in a US court filing, alleging poaching of staff tied to its Helix platform and reigniting a long-running legal dispute over trade secrets

Air India CEO Wilson received a raise days before Ahmedabad plane crash

Wilson's new salary stood at ₹27.75 crore as compared to the ₹18.98 crore he earned in 2023-24, marking a 46 per cent jump. He took charge as Air India's CEO in July 2022

'Our most transformative project': Gautam Adani on Dharavi redevelopment

Calling it a social mission, Gautam Adani said the Dharavi project will replace cramped lanes with homes, hospitals, schools, and green spaces for 1 million people

Skippi raises ₹12 crore in pre-Series A round, targets ₹100 crore valuation

Shark Tank India-backed ice pops brand Skippi secures ₹12 crore to drive growth, expand in the Middle East and strengthen leadership as it eyes ₹100 crore valuation

HCL to bid for critical mineral blocks with IOCL, GAIL, RITES: Official

The company also plans to enter into pact with Coal India Ltd (CIL) for taking part in activities pertaining to copper and other critical minerals exploration to be carried out in Chile

Adani Group logs 7% FY25 growth, sets $20 bn capex target for 5 years

As the Adani Group posts record highs across power, ports, airports, and cement, Gautam Adani announces a $20 billion annual capex push to drive India's infra, energy, and green transition goals

No one from Adani Group charged under US FCPA, says Gautam Adani at AGM

Gautam Adani dismissed allegations of US bribery and obstruction, reaffirming the group's compliance and governance standards while highlighting record-breaking growth

Adani's Mumbai Airport secures $750 mn deal with Apollo-led investor group

The agreement also allows for up to $250 million in additional funding for capital expenditure and capacity expansion needs

Kashmik Formulation targets ₹100 crore revenue in FY26, eyes IPO

The company currently produces around 25 crore units a month and is expanding its ground and first-floor production facilities to meet rising demand

PE/VC investments fell 68% in May to $2.4 billion; deal count declined 24%

As a result of heightened geopolitical tensions, US tariff policy and other external headwinds, the investors are in a cautious and wait-and-watch mode, the report noted

Aditya Birla Lifestyle to double revenues in 5 years, invest Rs 300 cr

The Aditya Birla Group company, which was demerged from Aditya Birla Fashion and Retail, will invest around Rs 300 crore per year, its managing director Ashish Dikshit told reporters here

Corporate restructuring picks pace as India Inc's mantra to unlock value

Aditya Birla Lifestyle Brands latest to list; more on the anvil

Hindustan Construction MD Jaspreet Bhullar resigns with immediate effect

Bhullar sent his resignation letter to company chairman Ajit Gulabchand in the afternoon, and the same was accepted by the board later in the day, as per an exchange filing

Vedanta Resources reports $1.6 bn profit in FY25, reverses prior loss

The revenue of the company rose by 6 per cent to $18,220 million, compared to $17,128 million a year ago