Page 273 - Company News

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

IndiGo employee alleges caste-based abuse by seniors; FIR registered

A Bengaluru-based IndiGo employee has accused three seniors of casteist slurs and harassment at a Gurugram meeting; police probe is underway as airline calls complaint 'baseless'

IdeaForge Technology secures ₹137 crore drone order from Indian Army

The company has its research and development and manufacturing units in Navi Mumbai, Bengaluru, Delhi, and the US

Brigade Enterprises targets Rs 2,100 cr from new housing project in Chennai

The project, which has a total development potential of 2.2 million (22 lakh) square feet, will be developed under a joint development agreement (JDA)

EMS Ltd wins Rs 203 cr water and sewerage projects in Uttar Pradesh

In a release, EMS said it has emerged as L1 for a Rs 104.05 crore project under the Agra Water Supply Reorganisation Scheme (Trans Yamuna Zone I&II)

Delegation from Chile in India to visit various units of Hindustan Copper

This comes after a memorandum of understanding (MoU) between HCL and CODELCO in the presence of the Prime Minister Narendra Modi and President of Chile Gabriel Boric Font, in April

ACME Solar secures ₹1,072 cr refinancing for 250 MW project in Rajasthan

The project has an operational track record of 18 months and achieved an annual Capacity Utilisation Factor (CUF) of 29.3 per cent in FY25, a company statement said

NTPC board seeks shareholders nod to raise up to ₹18,000 cr via bonds

The fund will be raised in one or more tranches/series not exceeding 12, through private placement in the domestic market