Page 280 - Company News

Seeing strong growth amid global uncertainties: L&T's S N Subrahmanyan

Chairman S.N. Subrahmanyan says L&T saw robust order inflows and record profits in FY25 amid geopolitical tensions, infrastructure demand and digital expansion

PE firm Blackstone acquires South City Mall in Kolkata for ₹3.2K cr

Real estate services firm Anarock was the sole transaction advisor to the deal

True North exits Zydus Wellness, sells 7.27% stake for ₹879 crore

Shares of Zydus Wellness rose 1.16 per cent to close at Rs 1,935.60 apiece on the NSE

JSW to move review petition against Bhushan Steel judgment before July 14

Lenders of BPSL had on May 13 indicated before the NCLT Delhi that they may prefer a fresh insolvency process for the company rather than sending it for liquidation

Kerala National Highway-66 collapse: Megha Engg faces 1-year NHAI ban

MEIL barred from bidding for NH projects for a year after slope protection failure on NH-66 in Kerala; NHAI orders review by experts and issues ₹9 crore penalty notice

PNB exits ISARC with sale of 21% stake for ₹34 crore after RBI approval

In March, the RBI had granted approval for change in sponsor of the asset reconstruction company and equity raise from Authum Investment and Infrastructure Ltd, PNB said in a regulatory filling

UGRO Capital to acquire Profectus Capital for Rs 1,400 crore deal

Rs 1,398.6 crore all-cash acquisition will boost UGRO's MSME lending scale, add school finance, and improve profitability and secured asset mix

SpaceX President Shotwell meets Scindia after Starlink's licence nod

Scindia said discussions centred around various opportunities for collaboration in satellite communications to power Digital India

CCI okays Mahindra's proposal to buy 59% stake in SML Isuzu for ₹555 cr

Mahindra & Mahindra is the flagship company of the Mahindra group. It is engaged in the automotive, farm equipment, agricultural products and services sector, etc

CCI clears Delhivery's ₹1,400 crore acquisition of Ecom Express stake

In April, Delhivery announced the acquisition of Ecom Express for a cash consideration of about Rs 1,400 crore to scale up its business

Google unveils Safety Charter to boost user security and prevent fraud

Google's new Safety Charter will use AI to prevent fraud, improve cyber resilience in government and enterprise, and embed responsible design into its platforms

Raymond Realty eyes 20% Ebitda growth in FY26 ahead of July listing

Spun off from Raymond, the real estate arm expects 20 per cent Ebitda growth and 20-25 per cent bookings rise in FY26 as it prepares for listing in early July

Ola launches zero-commission model pan-India, drivers to keep full earnings

As part of the initiative, drivers can choose their plan and keep the entire fare, with no deductions or limits, the company said in a statement

Mahindra Aerostructures, Aernnova announce $300 mn multi-year contract

Contract covers the supply to several Aernnova sites in Spain, the UK, Portugal and Brazil, further strengthening a collaboration that began in 2013, Mahindra and Aernnova said in a joint statement

Bharat Forge, Turgis Gaillard sign MoU for manufacturing AAROK MALE UAV

AAROK is a MALE class UAV capable of flying between 10,000 and 30,000 feet and remaining airborne for up to 48 hours, aiding surveillance and strike operations

Book publisher S Chand targets ₹800 cr FY26 revenue, partners Google Lens

students by scanning textbooks can access explanations and engaging video lessons, has already been integrated into over 300 textbook titles of S Chand, reaching over 5 million copies in print

Salesforce, Jaquar partner to drive digital transformation and agility

CRM provider Salesforce to help Jaquar implement digital solutions like Tableau and Field Service for data agility, mobile responsiveness and intelligent operations

Hindustan Zinc to invest ₹12,000 crore to double refined metal capacity

Board approves expansion of metal and silver capacity to over 2,000 KTPA and 1,500 tonnes respectively, with new smelter and mines to be built over the next 36 months

Hindustan Zinc to invest ₹12,000 crore for new smelter in Rajasthan

Hindustan Zinc said that the new smelter and associated expansions are expected to be completed within 36 months. The investment will be funded through internal accruals and debt

Nvidia to attend China Expo 2025 as US steps up AI chip export curbs

US chipmaker Nvidia will make its debut at China's 2025 Supply Chain Expo, which is expected to feature over 650 companies and more than 100 new product launches