Page 27 - Company News

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

Reliance Jio gets tax relief as ITAT deletes ₹11,003 cr disallowance

The dispute centred on ₹11,003 crore in expenses that Jio had capitalised in its books in AY 2019-20 but claimed as revenue expenditure while calculating its taxable income.

Indian oil companies to avoid Iran-blacklisted vessels amid security risks

The named vessels could be fined, detained and have their cargoes confiscated, according to a post on X from the Persian Gulf Strait Authority, a new body set up by Iran to manage Hormuz

Adani Energy Solutions wins ₹4,700 cr transmission project in Maharashtra

The project will evacuate renewable power from Karnataka to Maharashtra and support pumped storage projects in Satara, Pune and MMR

Adani Energy Solutions wins $493 mn transmission project in Maharashtra

The project will transmit up to 4,500 MW of renewable and storage power, and be delivered within 36 months

OHL merger earnings accretive, expands IHCL's presence in South India

The all-stock merger will add seven hotels with 825 keys to IHCL's portfolio, simplify the group structure and strengthen its presence across South India

Varun Beverages board approves entry into alcoholic beverages segment

Appoints former Diageo executive Prathmesh Mishra as MD & CEO to lead KIVA Spirits and Company, its proposed wholly owned alcoholic beverages subsidiary

AM Green planning ₹10K cr investment across states to set up bio-refineries

Clean energy firm plans five bio-refineries through 2030, with projects in Uttar Pradesh, Andhra Pradesh and Madhya Pradesh using a range of feedstocks