Page 28 - Company News

Emergence to set up autonomous AI research lab in India, plans 500 hires

New York-based Emergence will set up a Bengaluru AI lab focused on autonomous agents, aiming to expand frontier research, collaborate with IISc, and hire about 500 scientists

L Catterton India's consumer focus fund to raise another $200 million

L Catterton's India consumer-focused fund has raised $200 million and aims for $400 million, with a $200 million greenshoe option to scale investments further

Tata Steel to merge NINL; approves up to $2 bn infusion in Singapore arm

The merger would also consolidate long products assets under a single entity, unlocking opportunities to create shareholder value, the company said

Audi to rethink product lineup after clarity on FTA duties: India head

Audi India may revise its product strategy once clarity emerges on import duty cuts under the India-EU FTA, potentially expanding its model range across segments

₹1.65 trillion investment seen in India's transmission infra: Godrej

India's transmission infrastructure may see Rs 1.65 lakh crore investments over three years, creating significant EPC opportunities across substations, railways and renewables

Maruti Suzuki gets ₹5,786 crore income tax order, says will appeal it

There is no impact on financial, operation or other activities of the company due to this order, it added

Ather Energy doubles service network to 500 centres across India

Ather Energy expands its service network to 500 centres across India, nearly doubling capacity to support growing EV adoption and strengthen after-sales service infrastructure

Lupin, Zydus partner to co-market semaglutide injection in India

Lupin and Zydus Lifesciences enter a licensing pact to co-market semaglutide injection in India, aiming to improve access to therapies for diabetes and obesity

New Renault Duster launched in India; prices start at ₹10.49 lakh

Renault India launches the all-new Duster with turbo petrol and hybrid options, advanced features, and introductory pricing, targeting strong demand in the competitive SUV segment

Ecofy raises ₹380 crore to accelerate retail green finance market

With the fund infusion, the capital adequacy ratio of the company will increase to about 50%

Adani Enterprises gets NCLT nod for Jaiprakash Associates resolution plan

Adani Enterprises was identified as the successful resolution applicant last year

Zydus, Lupin sign deal to co-market Semaglutide injections in India

Semaglutide is a GLP-1 receptor agonist used to treat Type 2 Diabetes and, increasingly, for weight management by helping regulate blood sugar and appetite

Kalpataru Projects secures ₹2,471 crore orders across metro, T&D segments

KPIL has been awarded projects in the power transmission & distribution (T&D) sector in domestic and overseas markets, as well as in the buildings and factories (B&F) business in India

Reliance signs $3 billion green ammonia supply deal with Samsung C&T

RIL signed a binding long-term agreement with South Korea's Samsung C&T to supply green ammonia for 15 years

Lemon Tree Hotels books long-term stay in West Asia despite conflict

Fleur Hotels demerger expected by April next year; tech bets to expand Keys brand

MakeMyTrip weighs India IPO as part of long-term plan after Nasdaq listing

Travel services platform considers Indian stock market debut more than 15 years after NASDAQ listing to access domestic capital and strengthen its presence in the country

NFRA suggests stronger internal control operations for audit companies

The others include improving documentation and a better assessment of keeping arm's length in giving loans to subsidiaries

Hard Rock Cafe ends franchise agreement with JSM, shuts 10 outlets

Hard Rock International terminates its franchise agreement with JSM Corporation, leading to closure of 10 cafe outlets across major Indian cities

ReNew's C&I arm secures $95 mn investment from LeapFrog-led consortium

LeapFrog Investments leads $95 million equity infusion into ReNew Green Energy Solutions to expand its commercial and industrial renewable energy platform

Fino Payments Bank denies links to betting and gaming activities

Bank says reports of an ED probe into online gaming transactions are speculative and clarifies that the ongoing DGGI investigation relates to programme managers and merchants