Page 297 - Company News

NCLAT suspends insolvency proceedings against Reliance Infrastructure

Reliance Infra says it has fully paid dues claimed by Dhursar Solar Power as NCLAT puts on hold NCLT's May 30 order initiating insolvency against the firm

NCLAT refuses to lift asset freeze on Gensol Engineering, related firms

NCLAT directs Gensol Engineering and related entities to approach the NCLT for relief after denying plea to lift freeze on assets, accounts, and lockers amid fraud probe

KEC International bags ₹2,211 crore orders across T&D, cables, pipelines

The orders span transmission lines in Saudi Arabia, cable supply in multiple markets, and a second oil & gas terminal contract in Africa, taking total YTD order inflow past ₹4,200 crore

BEL bags ₹537 crore in fresh defence orders for ship systems and upgrades

The fresh orders include shipborne communication systems, jammers, software, simulator upgrades, test rigs and spares, in addition to contracts signed earlier this quarter

Vedanta surpasses 1 GW renewable energy mark, targets 2.5 GW by 2030

Vedanta has increased its clean energy capacity to 1.03 GW and aims to achieve 2.5 GW by 2030 as part of its strategy to reach net zero carbon emissions by 2050 or earlier

Wipro pays out 90% quarterly variable pay to most of its employees

That is significantly higher than cross town rival Infosys whose variable pay for the same period was about 65 per cent due to a muted business environment

KEC International secures orders worth ₹2,211 crore across sectors

According to a company statement, the Transmission & Distribution (T&D) business has secured orders in the Middle East and Americas

Apollo Micro Systems raises over Rs 416 cr via equity shares, warrants

The allotments were made to promoter group, Non-Executive Director Aditya Kumar Halwasiya and LIC Mutual Fund

Snowflake to set up R&D centre in India, expand operations in Pune

Cloud data firm Snowflake plans to open an R&D centre in India alongside its Pune CoE as part of its larger push to grow local talent and enterprise technology capability

County Group to invest Rs 1,800 cr to develop housing project in Ghaziabad

In a statement on Wednesday, County Group said that it has bought this land parcel in Wave Group's large township 'Wave City' for Rs 400 crore

Big relief to Reliance Infra as NCLAT stays insolvency proceedings

NCLAT suspends insolvency order by NCLT after Reliance Infra argues it has cleared ₹92.68 crore dues linked to Dhursar Solar Power; next hearing set for July 18

Amazon India adds flat ₹5 fee on all customer orders, Prime included

Amazon India introduces ₹5 marketplace fee across all orders including Prime, following Flipkart and quick-commerce peers; exemptions apply to digital purchases

Agile Robots starts Rs 300 crore robotic machine parts unit in Tamil Nadu

Tamil Nadu CM M K Stalin inaugurates Agile Robots' AI-powered machine parts unit in Kanchipuram; SOL India kicks off ₹175 crore air separation plant in Ranipet

Tilaknagar tops $600 mn race for Imperial Blue, to expand whisky portfolio

Tilaknagar Industries leads the race to acquire Pernod Ricard's Imperial Blue whisky brand for an estimated $600 million; deal could mark the largest deal in India's liquor industry in over a decade

Meesho deepens personal care focus with HUL, P&G, Himalaya tie-ups

Partnerships with major FMCG brands bring personal care staples like Dove, Gillette, and Himalaya to Meesho Mall as demand grows in price-sensitive Indian markets

Bessemer names Pankaj Mitra as partner to bolster India investments

Tech veteran to focus on AI, enterprise software, and cybersecurity for private equity firm

Hyundai exits Ola Electric, Kia trims stake in ₹6.89 bn EV sell-off

Hyundai and Kia divest stakes in Ola Electric amid stock decline, sector challenges and rising uncertainty from US tariff actions

Maruti Suzuki lines up Rs 925 cr to ramp up solar capacity by FY31

The car market leader announced the expansion of its solar capacity by 30MWp with two new projects

LTTS signs deal with US-based Tennant to develop industrial cleaning tech

L&T Technology Services will set up offshore development centre for NYSE-listed company

Adani Airports raises $750 mn to refinance debt and expand six airports

AAHL will use the funds to refinance $400 million in debt and invest in infrastructure and non-aero operations across six major airports