Page 29 - Company News

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

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

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

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

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

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

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

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.

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

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

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

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.

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

Swiggy gears up for inventory-led qcom model after shareholder nod

Shareholder approval clears a regulatory hurdle as Swiggy prepares an inventory-led qcom model that could boost reported revenue, margins and operational control

Suzlon's ₹10,500 crore Andhra Pradesh wind energy projects on track

The 1,325 MW wind energy projects are expected to generate 1,600 direct and indirect jobs, while Suzlon has expanded its smart blade manufacturing facility

Avaada signs pact for ₹10,000 crore green industrial campus in Hisar

The proposed 300-acre campus will run on round-the-clock renewable energy, create over 5,000 jobs and support industries seeking to decarbonise operations

Natco Pharma to invest $14 mn in US-based biotechnology firm eGenesis Inc

In 2024, Natco Pharma had invested $8 million in eGenesis, Inc through preferred stock

Aerospace startup Airbound raises $37 mn to expand autonomous aircraft biz

The Bengaluru aerospace startup will use the Series A capital to scale engineering and manufacturing, while its Andhra Pradesh network is planned to handle up to 10,000 daily flights

PVR Inox to consider share buyback proposal, board to meet on Aug 31

The company has not shared any details on the number of shares or the price at which it will offer the buyback plan

Axis Bank bets on data centres, gold loans to outpace credit growth

Data centres, renewable energy and urbanisation are driving corporate credit demand, while gold loans and borrowers from smaller cities are fuelling retail growth, its ​chief executive said