Page 28 - Company News

Tata Power board okays raising ₹4,500 cr via non-convertible debentures

Tata Power board on Monday approved raising of up to Rs 4,500 crore through non-convertible debentures or other debt securities in one or more currencies on a private placement basis

Haldia Petrochemicals' June fire not caused by naphtha pipeline: Probe

An independent committee, including specialists in industrial and fire safety, concluded that the incident was a vapour-cloud fire with a mild explosion triggered by an unidentified ignition source

Canara Bank Q1FY27 results: Net profit rises 2.2% to ₹4,856 crore

State-owned lender reports steady quarterly earnings as higher net interest income offsets lower treasury income, while asset quality and loan growth continue to improve

Wipro, Databricks expand partnership to help firms scale enterprise AI

As part of the collaboration, the IT services company has created a dedicated Databricks business practice to develop industry-specific AI solutions and accelerators

Bank of Baroda's customer data, internal documents leaked on dark web

The leaked data includes customer details, identification documents, loan papers and internal audit records, said cybersecurity researcher Srikanth L, founder of Cashless Consumer

Eureka Forbes targets ₹5,400-5,600 crore revenue, triple Ebitda by FY30

The company is banking on innovation, deeper market penetration and stronger omnichannel capabilities to accelerate growth from FY27 onwards

Infosys fined €175,000 by French authority over work-hour tracking system

Infosys said in an exchange filing that it had received a communication from French labour authority DRIEETS lle-de-France, informing the company of a €175,000 penalty

Dr Reddy's antibiotic gets Thailand approval six months after US nod

Thailand has become the second country after the US to approve Dr Reddy's first-in-class antibiotic zoliflodacin, a milestone that could accelerate access to the drug across emerging markets

Sigma Advanced Systems bags ₹1,013 crore export order for artillery shells

The order from a North American customer will be executed over the next six to 12 months and strengthens the company's position in the global defence supply chain

UltraTech Cement eyes its biggest rupee bond raise at ₹5,000 crore

It is targeting ₹1,500 crore each in the shorter two tranches at ‌annual coupons of 7.22 per cent and 7.23 per cent, respectively, and ₹2,000 crore in the five-year tranche at 7.25 per cent

TVS ILP plans up to ₹2,700 cr capex in bid to grow warehousing portfolio

The company is evaluating opportunities in cold storage and data centre sectors

Hindustan Zinc planning ₹25K cr capex to expand refined metals capacity

Hindustan Zinc plans a ₹25,000 crore investment to expand refined zinc and lead capacity, targeting 2 million tonnes annually by FY30

Mphasis says clients more 'amenable' to outcome pricing amid AI-led deals

The IT services firm says AI-led transformation is driving greater client interest in outcome-based pricing, though such contracts still account for a small share of revenue

Shriram Finance aims to double gold loan share in loanbook in 3 years

Shriram Finance plans to double gold loans' share of its loan book to 5% in three years and increase MSME lending as it expands secured retail financing

India among top 5 growth markets, key to global strategy: Red Hat

India is currently at the centre of the company's global strategy, Navtej Singh Bal, Vice President and General Manager, India and South Asia, Red Hat said

Lodha Developers targets 20% profit growth to ₹4,100 crore in FY27

The company's profit doubled to ₹1,373.1 crore in April-June from ₹675 crore in the year-ago period

Punjab National Bank's profit to cross ₹20,000 cr mark in FY27: MD Chandra

From the second quarter of last financial year, the bank has been maintaining a net profit of over Rs 5,000 crore every quarter, Chandra said

ABDL targets mid-teen growth in FY27, aims to cross ₹600 crore Ebitda

The Chhabria family-promoted firm, which is expanding its international footprint, expects to increase presence to 60-70 nations over the next three years, driven by premium and mass-premium portfolio

Costa Coffee store count shrinks to 198 in India in FY26, revenue up 7%

However, Costa Coffee's revenue was up 7 per cent year-on-year to ₹212.5 crore in FY26

Maruti Suzuki targets 900,000 units of CNG vehicle sales this fiscal

The demand for CNG vehicles is no longer restricted to small cars and vans, but it has also seen a rise even in the company's SUVs, Maruti Suzuki India Ltd (MSIL) Senior Executive Officer said