Page 302 - Company News

Lenders plan fresh auction of defunct airline Go First's Thane land

The official added the lenders were considering a relaxation of some eligibility criteria because the existing rules had made it difficult to sell the land parcels

Tata Sons board to review financial results, Tata Capital IPO plans

Thursday's meeting to be helmed by group Chairman N Chandrasekaran

Demand and margin gains to power M&CV company Ashok Leyland's stock

Ashok Leyland's strong Q4 led by 5% volume growth and margin gains; focus on exports, non-CV business and cost control to support performance in FY26

CIL, Hindustan Zinc winners in 5th round of critical mineral block auction

The auction saw 10 out of 15 critical mineral blocks successfully bid for, including potash, halite, graphite, REE, and vanadium blocks across several states

Slow capacity addition likely to weigh on NTPC's growth prospects

Consolidated revenue for FY25 came in at Rs 1,88,100 crore (up 5 per cent Y-o-Y) while net profit stood at Rs 23,950 crore (up 12 per cent)

FM Nirmala Sitharaman signals policy aid to fintechs in Pine Labs visit

Sitharaman may visit more fintech companies and global capability centres across major cities

Jio Credit raises ₹1,030 crore through 3-year bonds at 7.08% cut-off

Jio Credit raises ₹1,030 crore via 3-year bonds at 7.08% cut-off yield, trims issue from ₹1,500 crore amid higher-than-expected rates; follows recent bond, CP issuances

To pay additional interest to bond holders for CAR breach period: UGRO

On May 20th, 2025, UGRO has announced a capital raise of more than Rs. 1300 crore which would increase its capital adequacy from current 19.4 percent to 29.4 percent

BAT evaluating sale of small part of ITC stake, confirms in LSE filing

BAT may offload a small portion of its 25.45% stake in ITC via on-market trade, but says no certainty of deal; earlier divestment funded share buyback

ITC's top investor BAT considering further stake sale in Indian FMCG major

The development comes almost a year after BAT sold around 3.5 per cent of its stake in ITC for around $2 billion

Customs authorities slap IndiGo with ₹2.76 cr penalty; airline to appeal

IndiGo confirmed in a filing that the principal commissioner of Customs in Ahmedabad has imposed a fine of ₹2.20 crore on it, while the principal commissioner in Meenambakkam has levied an additional

JioHotstar races ahead, now second only to Netflix with 280 mn subscribers

JioHotstar reaches 280 million subscribers since February, driven by IPL streaming, exclusive sports rights and international content, now second only to Netflix globally

Alcatel returns to India after 7 years, eyes top 3 spot in smartphone mkt

Alcatel on Tuesday launched its V3 lineup of smartphones in India through Nxtcell India, which holds exclusive brand authorization for Alcatel in India and select international markets

Tata Steel advances green steelmaking plans through major crane project

When fully operational in 2028, Tata Steel's Electric Arc Furnace will be one of largest in the world and reduce the site's carbon emissions by 90% - equivalent to five million tonnes of CO2 a year

Coal India files draft papers for CMPDIL IPO to offload 7.14 crore shares

This move follows Coal India's announcement that draft papers for both CMPDIL and BCCL would be filed soon; only CMPDIL's IPO is in motion for now

Sanlam invests ₹105 crore in Shriram AMC, enters Indian AMC sector

Sanlam acquires 23% stake in Shriram AMC via preferential allotment, joining as co-promoter and reaffirming a two-decade strategic collaboration with Shriram Group

South Africa's Sanlam to become co-promotor at Shriram AMC with 23% stake

Sanlam joins as co-promoter of Shriram AMC, infusing ₹105 crore to boost quantamental investing and product innovation in India

Sumadhura enters coworking business with 1.3 lakh sq ft centre in Bengaluru

There is a strong interest from sectors such as IT/ITeS, agri-tech, and pharma, he added. Sumadhura Group has delivered 54 projects covering over 13 million square feet

Marwadi Chandarana to buy 75% stake in TruCap Finance for Rs 207 crore

Following the investment, MCG will be classified as the new promoter, and the existing promoter group's stake will be reduced to zero

Jio BlackRock gets Sebi nod to launch mutual fund operations in India

In January, JFSL had said that the company and its joint venture partner, US-based BlackRock, have infused Rs 117 crore in the mutual fund company