Page 277 - Company News

'All our assets abroad are safe': Pranav Adani amid Israel-Iran tensions

Among the key concerns is the Haifa Port in northern Israel, which the Adani Group acquired in early 2023

Rift in Sun family: Dayanidhi sends legal notice to brother Kalanithi

Dayanidhi Maran accuses brother Kalanithi of fraud and demands reversal of shareholding changes in Sun TV Network dating back to 2003

Diageo India to acquire majority stake in NAO Spirits for ₹130 cr

United Spirits will acquire a controlling stake in NAO Spirits, including popular gin brands Greater Than and Hapusa, marking a strategic expansion into Indian craft spirits

TPG Asia to offload 6% stake in Sai Life Sciences via ₹102 crore block deal

Private equity firm TPG Asia will sell 12.5 million shares in Sai Life Sciences through a ₹102 crore block deal; IIFL Capital and Jefferies are advising the transaction

Dhunseri to invest ₹2,240 crore to expand plastic film capacity by 2029

Dhunseri Poly Films to add BOPET and BOPP lines in West Bengal and Jammu with ₹2,240 crore investment, targeting total installed capacity of 330,000 tonnes by 2029

None of our systems compromised in M&S hack, other clients safe: TCS

This is the first time India's No 1 IT services company has publicly commented on the cyber hack. M&S did not immediately respond to a request for comment

Bajaj Markets joins ONDC network; brings 16 million traffic to network

It allows Bajaj Markets 16 million traffic to access ONDC's decentralised network, offering a wide selection of premium electronics and appliances, along with flexible financing options

Wipro inks 10-year lease for office space in MMR's Mindspace Business Park

The tech firm has taken space in building no. 2 of Mindspace Business Park with parking for 194 cars and a monthly rent of Rs 2.5 crore at Rs 64 per sq ft

Crisil acquires minority stake in Online PSB Loans Ltd for ₹33 crore

OPL is a digital credit infrastructure company that develops and integrates advanced technologies, transforming the credit ecosystem through end-to-end automation, Crisil said in a regulatory filing

Amazon to invest Rs 2,000 cr in India to expand logistics, improve safety

Money will be used for company's infrastructure, employee wellness initiatives, developing technology

Attero to invest ₹100 crore to scale rare earth recycling capacity

China in April imposed restrictions on exports of rare earth, a critical mineral used in manufacturing of electronic, automobile and other technology products

Vedanta contributed ₹4.5 trn to govt in last 10 yrs, ₹55,349 cr in FY25

In FY25 alone, the company contributed Rs 55,349 crore (37 per cent of the consolidated revenue) through direct and indirect taxes, royalties, dividends, and other statutory payments

Welspun Living to launch large-scale skilling programme for textile sector

Under this initiative, Welspun Living will train and certify 1,000 candidates in its pilot phase, with at least 50 per cent women participation, particularly from underrepresented regions

Amazon plans ₹2,000 crore push to expand warehousing, delivery in India

The ₹2,000 crore investment into Amazon India will go towards expanding fulfilment centres, improving safety and automation, and more

Amazon India to infuse over Rs 2,000 crore to boost pan-India operations

Amazon said the new investment builds on top of its investments in creating an operations network that helps the company deliver to all serviceable pin-codes across India

Herbal medicine firm Regencell Bioscience skyrockets 60,000%, stuns market

A Hong Kong-based herbal medicine firm with 12 employees is now worth $39 billion. Why Regencell Bioscience sparked a 60,000% YTD stock surge?

LG Electronics considers reviving IPO of Indian unit by September

The South Korean company is planning to refile its preliminary prospectus with updated financial results after the summer, with the IPO potentially taking place as early as the fourth quarter

Reliance to invest up to ₹8,000 crore to expand beverage business

Reliance Consumer Products will use the funding to add 10 to 12 new manufacturing facilities across India

Larsen & Toubro mulls another ESG bond issue after debut attracts premium

In the debut bond sale under India's newly-introduced ESG debt securities framework, L&T on Wednesday raised ₹500 crore ($58 million) through three-year notes at a coupon of 6.35 per cent

Blackstone's ASK to hire 70 bankers amid surge in India's wealth sector

ASK's private wealth unit aims to have 175 bankers by the end of March next year, up from about 105 now, Rajesh Saluja, chief executive officer and co-founder of the business said