Page 28 - Company News
Reliance Jio gets tax relief as ITAT deletes ₹11,003 cr disallowance
The dispute centred on ₹11,003 crore in expenses that Jio had capitalised in its books in AY 2019-20 but claimed as revenue expenditure while calculating its taxable income.
 "Reliance Jio gets tax relief as ITAT deletes ₹11,003 cr disallowance")
Indian oil companies to avoid Iran-blacklisted vessels amid security risks
The named vessels could be fined, detained and have their cargoes confiscated, according to a post on X from the Persian Gulf Strait Authority, a new body set up by Iran to manage Hormuz
 "Indian oil companies to avoid Iran-blacklisted vessels amid security risks")
Adani Energy Solutions wins ₹4,700 cr transmission project in Maharashtra
The project will evacuate renewable power from Karnataka to Maharashtra and support pumped storage projects in Satara, Pune and MMR
 "Adani Energy Solutions wins ₹4,700 cr transmission project in Maharashtra")
Adani Energy Solutions wins $493 mn transmission project in Maharashtra
The project will transmit up to 4,500 MW of renewable and storage power, and be delivered within 36 months
 "Adani Energy Solutions wins $493 mn transmission project in Maharashtra")
OHL merger earnings accretive, expands IHCL's presence in South India
The all-stock merger will add seven hotels with 825 keys to IHCL's portfolio, simplify the group structure and strengthen its presence across South India
 "OHL merger earnings accretive, expands IHCL's presence in South India")
Varun Beverages board approves entry into alcoholic beverages segment
Appoints former Diageo executive Prathmesh Mishra as MD & CEO to lead KIVA Spirits and Company, its proposed wholly owned alcoholic beverages subsidiary
 "Varun Beverages board approves entry into alcoholic beverages segment")
AM Green planning ₹10K cr investment across states to set up bio-refineries
Clean energy firm plans five bio-refineries through 2030, with projects in Uttar Pradesh, Andhra Pradesh and Madhya Pradesh using a range of feedstocks
 "AM Green planning ₹10K cr investment across states to set up bio-refineries")
Mahindra Last Mile eyes major capacity expansion as it prepares for IPO
CEO says listing may take 12-18 months; eight new EV products and variants planned over the next two years as the company looks to expand in cargo segments
 "Mahindra Last Mile eyes major capacity expansion as it prepares for IPO")
Zee approaches SAT seeking one-day extension to complete fundraise
The media firm is seeking relaxation for the pending infusion of Rs 76 crore of the Rs 3,143 crore fundraise after a portion was remitted a day later
 "Zee approaches SAT seeking one-day extension to complete fundraise")
India still a bright spot in global order, says Kumar Mangalam Birla
ABFRL chairman says resilient consumption and supportive policies underpin growth, while India's apparel retail market could exceed ₹14 trillion by FY30
 "India still a bright spot in global order, says Kumar Mangalam Birla")
TCS eyes cross-selling, expansion to offset margin hit from MHP buy
The €320 million acquisition could pressure near-term margins due to MHP's onsite-heavy model, but offers TCS cross-selling opportunities and a stronger European presence
 "TCS eyes cross-selling, expansion to offset margin hit from MHP buy")
A thumping hit: At 125, Royal Enfield rides high as a global favourite
From near-shutdown to global dominance, Royal Enfield's 125-year journey shows how an iconic British marque became a Made-in-India motorcycle powerhouse
 "A thumping hit: At 125, Royal Enfield rides high as a global favourite")
Uniqlo India to focus expansion on six cities where it has a presence
The Japanese retailer, which currently operates 20 stores in India, remains bullish on the market and is continuously looking for opportunities to expand its footprint
 "Uniqlo India to focus expansion on six cities where it has a presence")
L&T wins three BESS projects worth over ₹5,000 crore in West Asia
The three battery energy storage projects will collectively add 6 GWh of storage capacity and include grid interconnections, substations and underground cables
 "L&T wins three BESS projects worth over ₹5,000 crore in West Asia")
CCI clears Cyient's proposal to acquire TAO Digital Solutions
CCI cleared global engineering services provider Cyient's proposed acquisition of TAO Digital Solutions Inc.
 "CCI clears Cyient's proposal to acquire TAO Digital Solutions")
Varun Beverages enters alcohol business, appoints ex-Diageo executive
Varun Beverages is entering the alcoholic drinks market, setting up a wholly owned subsidiary and appointing former Diageo executive Prathmesh Mishra as its CEO and MD
 "Varun Beverages enters alcohol business, appoints ex-Diageo executive")
Sebi bars Varanium Cloud, promoter from securities market for seven years
The regulator has directed promoter Harshawardhan Sabale to disgorge Rs 128.77 crore in unlawful gains and imposed monetary penalties on him and the company
 "Sebi bars Varanium Cloud, promoter from securities market for seven years")
Haldiram's plans to invest ₹1,000 cr in new manufacturing plant in Odisha
Balaji among firms lining up major food-processing investments in Odisha
 "Haldiram's plans to invest ₹1,000 cr in new manufacturing plant in Odisha")
Institutional buyers oversubscribe Hindustan Copper OFS with ₹4,600 cr bids
Institutional investors on Tuesday oversubscribed Hindustan Copper share sale by putting in bids worth over Rs 4,600 crore.
 "Institutional buyers oversubscribe Hindustan Copper OFS with ₹4,600 cr bids")
IDFC FIRST Bank prices $350 million five-year overseas bond at 5.80%
The senior notes, issued through the bank's IFSC Banking Unit, will mature in August 2031 and follow its $600 million international bond issuance last week
 "IDFC FIRST Bank prices $350 million five-year overseas bond at 5.80%")