Page 270 - Company News

WFM Asia offloads 2.84% stake in Star Health Insurance for ₹701 crore

The shares were disposed of at an average price of ₹ 420.03 apiece, taking the deal value to ₹ 700.86 crore

Tata Sons, Singapore Airlines invested ₹9,558 crore in Air India in FY25

Tata Sons invested ₹3,224.82 crore, and Singapore Airlines put in ₹6,333.18 crore in Air India, taking the total fund infusion to ₹9,558 crore in the financial year ended March 2025

Tata Motors plans new Ace diesel variant without DEF, targets SCV recovery

Tata Motors plans to reintroduce its Ace diesel mini-truck without SCR tech to reduce total cost of ownership, while expanding rural presence with Intra range

RIL to be a deep-tech, advanced manufacturing powerhouse: Mukesh Ambani

The oil-to-telecommunications (telecom) behemoth spans sectors including digital services (Jio), energy, petrochemicals, new energy and materials, retail, and media and entertainment

Sun Pharma partner Philogen withdraws EU application for skin cancer drug

Experts believe that the drug still holds potential for future market entry, and the current development should be viewed as a temporary setback

AI lifts Samsung India's home appliance sales to 50% mark: Ghufran Alam

For washing machines and refrigerators, according to Samsung India's internal estimates, the growth is expected to be in single-digit for the year

JioHotstar nears Netflix with 300 mn subscribers after IPL 2025 surge

Driven by massive IPL viewership and CTV penetration, JioHotstar has crossed 300 million subscribers, nearly matching Netflix's global numbers, says JioStar

CEAT to raise ₹500 cr via NCDs, infuse ₹400 cr into Sri Lanka unit

CEAT will raise Rs 500 crore through NCDs for capex and debt repayment and invest Rs 400 crore in its Sri Lankan unit to fund the Camso brand acquisition

Growth to continue despite macro tensions: Infosys Chairman Nandan Nilekani

Nilekani admitted that artificial intelligence (AI), with all its possibilities and potential, creates an arc of uncertainty but he did not view it as a threat

JSW MG Motor India to raise vehicle prices by up to 1.5% from July

This revision is being done to mitigate the impact of rising input costs and other macroeconomic factors, the company said in a statement

Data sharing platform Equal named among WEF's top 100 global tech pioneers

The fintech startup has been recognised by the World Economic Forum for its secure, consent-based infrastructure powering KYC and data sharing across financial services

UNIQLO expands to Southern India with Bengaluru launch in August

The Bengaluru store marks UNIQLO's entry into Southern India, offering its LifeWear range at Orion Mall and expanding the brand's retail footprint to 16 outlets in the country

Adani Enterprises, Vedanta, others in fray to acquire Jaiprakash Associates

Lenders of Jaiprakash Associates Ltd (JAL) met on Wednesday to open the bids submitted by the interested parties. The last date was June 24

Union Bank of India to garner ₹6,000 crore through equity, debt mix

The decision in this regard was taken in the board meeting held on Wednesday, Union Bank of India said in a regulatory filing

Nuclear Power Corp extends deadline for small reactor proposals to Sep 30

NPCIL said several industrial houses have already signed non-disclosure agreements and begun joint work on the BSR model, while others have requested more time to prepare submissions

Star Health partners Medi Assist to launch AI-based claims settlement

Star Health will adopt MAtrixan advanced AI-powered claims platformwhich will help the city-headquartered company manage rising claim volumes while maintaining speed, consistency, and transparency

SECI extends deadline for green ammonia tender submission to June 30

The tender is aimed at enabling the production and long-term supply of 7,24,000 metric tonnes of green ammonia annually to 13 identified fertiliser plants across the country

Cognizant to invest ₹1,500 cr in Andhra, pledges to create 8,000 jobs

Cognizant will begin operations by early 2026 from a temporary facility for 800 staff until Phase-I of the permanent campus is ready by early 2029, said the release

Reliance Defence bags export order worth ₹600 cr from Germany's Rheinmetall

The deal with Rheinmetall will support Reliance's plan to be among India's top three defence exporters and includes a major investment in a facility in Ratnagiri, Maharashtra

Greenzo Energy receives order worth ₹320 crore from Oswal Energies

As part of the order, Greenzo Energy will execute the Engineering, Procurement, and Construction (EPC) of project, which is to be completed over a period of next 12-15 months, the company said