Page 265 - Company News

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

Dixon Technologies promoter Vachani sells 2.77% stake for over ₹2,221 crore

Sunil Vachani offloads 1.67 million Dixon shares via open market; promoter stake dips to 2.57% as Motilal Oswal Mutual Fund increases holding and company posts strong Q4 results

Tata Capital plans rights issue ahead of $2-bn IPO expected before Sept

Tata Capital board to meet Thursday to consider fresh rights issue ahead of its $2-bn IPO; company had raised Rs 1,500 crore in March via previous rights issue

Brigade Ent looks for long-term buyer, greenfield growth opportunities

Brigade Hotel Ventures IPO aims to unlock value at group level

Colgate-Palmolive to bring new global brands beyond oral care to India

Colgate-Palmolive plans to introduce global home and personal care brands in India as it focuses on premiumisation and rural growth to boost market share

Reliance Infra subsidiary settles ₹273 crore debt obligation to Yes Bank

JR Toll Road repays full ₹273 crore, including interest, to Yes Bank under new settlement agreement, closing R-Infra's obligations as corporate guarantor

Estee Advisors joins MF licence queue with eye on specialised funds

Estee Advisors, known for its quant-based PMS strategies, has applied for a mutual fund licence with plans to enter both regular schemes and SIFs for tax efficiency

Tata Power-DDL, Nissin Electric to install India's first micro substation

Micro substation with PVT can convert high-voltage power directly from transmission lines to low voltage power, suitable for residential consumers, a statement said

Cochin Shipyard receives cruise vessel order from Antara River Cruises

Cochin Shipyard subsidiary to construct two inland luxury cruise vessels for Antara River Cruises, marking India's first deployment under IV Rules 2022 on the Brahmaputra River

Air India Express flight returns to Delhi over suspected GPS issue

A spokesman of the airline said the flight returned to Delhi as a precautionary measure following a suspected GPS interference

Godrej Properties sells homes worth ₹2,000 cr at Bengaluru project launch

With 1,450 homes sold at launch, Godrej Properties' Barca in Devanahalli becomes North Bengaluru's most successful township debut by value and volume of sales

Reliance Infra arm JRTR pays Yes Bank ₹273 cr for debt settlement

Reliance Infrastructure in a regulatory filing said the agreement has also resulted in full settlement/discharge of the company's obligation as a guarantor for the said loan on behalf of JRTR

Edelweiss ARC eyes ₹6,000 cr in recovery; invest ₹1,000 to acquire NPAs

Following RBI curbs in FY25, Edelweiss ARC plans to invest up to ₹1,000 crore in stressed assets and targets ₹6,000 crore in recoveries, led by corporate and retail

Eli Lilly's weekly insulin efsitora shows positive results in Phase 3

The company plans to submit efsitora, its once-weekly insulin for type 2 diabetes, to global regulators by end-2026 following positive Phase 3 trial outcomes

Raymond to invest ₹1,200 cr in Andhra; garments, auto, aerospace in focus

Raymond's ₹1,200 crore investment in Andhra targets garments, auto parts, and aerospace as part of the state's new industrial drive alongside ₹28,546 crore in SIPB approvals

Jeffrey Mark Overly appointed new chairman of auto parts maker Sona Comstar

Overly, an independent director since 2021, brings over four decades of global manufacturing experience to the role following the passing of former chairman Sunjay Kapur

Warburg in talks to sell 10% stake in SBI General to Premji Invest, SBI

Premji Invest and New York-based Warburg Pincus agreed to buy 16.01 per cent and 9.99 per cent of SBI General Insurance, respectively, in 2019 from Insurance Australia Group Ltd

Aditya Birla Lifestyle Brands lists on stock exchanges post demerger

The stock started trading at Rs 167.75 and later jumped 4.97 per cent to Rs 176.10 apiece during the day on the BSE. It finally ended at Rs 159.40, down 4.97 per cent