Page 274 - Company News

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

Adani commissions India's 1st off-grid green hydrogen pilot plant in Kutch

The 5 MW plant has been built by Adani New Industries Limited (ANIL) - the clean energy unit under the group's flagship firm Adani Enterprises Ltd

Godrej Properties sells over 1,450 homes for Rs 2,000 cr in Bengaluru

he company sold over 1,450 homes with more than 2.2 million (22 lakh) square feet of area in the first phase of the project

Indore-Bhubaneswar IndiGo flight delayed by one hour due to technical snag

Pilots of the IndiGo flight number '6E 6332' noticed a technical snag when the plane was heading towards the runway for take-off, Devi Ahilyabai Holkar Airport director Vipin Kant Seth said

Reliance Infra settles ₹273-crore loan of JR Toll Road with Yes Bank

Yes Bank classified the ₹273-crore loan to JRTR as an NPA after prolonged losses, which impaired timely repayments

Amazon enters India's $15 bn diagnostics market with at-home testing

Amazon enters India's $15 bn diagnostics sector with at-home test collection, digital reports and integrated health services through Amazon Medical across six cities

Air India cuts narrowbody flights by 5%, suspends three routes till July

Air India to reduce frequencies on 19 routes and suspend three services until mid-July to maintain reliability amid safety audits and aircraft availability challenges

Air India to reroute international flights amid tensions in West Asia

Air India will avoid parts of Persian Gulf in addition to Iran, Iraq and Israel, with some routes to Europe and North America likely to see longer travel times

DLF targets ₹2,500 crore sales from new housing project in Mumbai

DLF will launch more than 400 homes in the first phase of its upcoming project, marking the company's entry into Mumbai's residential property market

NLC India receives Letter of Award from TN Green Energy Corporation

This is the first large-scale BES system project to be undertaken by NLCIL Group and marks a major milestone, the Tamil Nadu-based company said