Page 303 - Company News

Canara Bank waives all charges for non-maintenance of minimum balance

This move is anticipated to benefit millions of Canara Bank customers, including salaried individuals, senior citizens, students, non-resident individuals, and first-time users of banking services

Indian Bank launches new savings accounts for NRIs with global access

The Bank's new offerings aimed at a seamless combination of traditional trust and modern conveniences, reinforcing its position as a trusted banking partner for NRIs around the globe

Kotak Mahindra Bank's Deputy MD Shanti Ekambaram to retire in October

Paritosh Kashyap, Group president and business head, Wholesale Banking Group, will be appointed as the whole-time director (executive director) and key managerial personnel

UGRO Capital announces Rs 400 crore rights issue at Rs 162 per share

The rights issue builds on the company's recent performance, which saw assets under management grow to Rs 12,003 crore and profit before tax more than double to Rs 203 crore in FY25

HC bars Dr Reddy's, OneSource from selling Wegovy's key element in India

Delhi High Court bars Dr Reddy's and OneSource from selling semaglutide in India, supporting Novo Nordisk's patent rights as it fast-tracks Wegovy launch amid growing obesity drug demand

Shapoorji Group bags $3.35 bn in largest private deal led by Deutsche Bank

The $3.35 billion financing was raised via 3-year NCDs at a 19.75 per cent annual yield, up from last year's 18.75 per cent when Goswami Infratech raised $1.7 billion in debt

Ola Electric shares dip over 4% after Q4 loss widens and revenue fall

Ola Electric on Thursday reported a consolidated net loss of Rs 870 crore in the fourth quarter ended March 2025, while noting that it is targeting profitability in the current fiscal

Perishables fuel Air India's cargo growth amid cold chain overhaul

Air India's perishables cargo rose 37% in two years as it expanded cold chain infrastructure, added tech tools, and grew flight capacity on key international routes

Thomas Cook teams up with Muthoot Forex for wider payments reach

The partnership brings Thomas Cook's Borderless Travel and Study Buddy cards to Muthoot's 7,000-branch network, expanding access to forex solutions across India

Debashis Chatterjee retires, Venu Lambu named CEO & MD of LTIMindtree

Chatterjee, who led the firm through its merger and growth phase, will be succeeded by Venu Lambu, former CEO of Randstad Digital, effective 31 May 2025

Adani commits $15-20 billion annual capex over the next five years

Gautam Adani pledges $15-20 billion in yearly investments over five years, asserting global governance standards as US probes Adani Green's compliance

Will exit Turkish aircraft lease in three months, IndiGo tells DGCA

This comes amid the India-Turkey tension during Operation Sindoor

Vedanta Ltd to raise Rs 5,000 crore via NCDs as profit surges in Q4

Mining major Vedanta Ltd reported a 154.4 per cent increase in consolidated net profit to Rs 3,483 crore in the March quarter driven by lower production costs and higher volumes

Adani Energy Solutions bags ₹1,600 cr transmission project in Maharashtra

The project will evacuate 1.5 GW of green power from Raigad and boost AESL's network capacity to over 93,000 MVA and 26,000 circuit kilometres

Adani's Mumbai airport faces backlash from IndiGo, Air India over deposits

A source with direct knowledge of the matter said the new policy would require the two airlines to make deposits of about 2 billion rupees ($23 million), taken together

Chennai to become Hyundai's largest export hub outside South Korea

Marking 25 years of exports from India, Hyundai targets 7-8% export growth in FY26 as demand from emerging markets rises and Chennai Port expands facilities

AM/NS India launches two new patented steel products under Optigal

AM/NS introduces Optigal Prime and Pinnacle with high corrosion resistance and eco-friendly features, aiming for 25% share in India's colour-coated steel market

Waaree secures $176 million deal to supply 586 MW solar modules in US

Waaree Energies on Friday said it has signed a USD 176 million agreement with a US-based independent power producer to supply 586 MW solar modules.

IndiGo signs pact with BIAL to develop new MRO facility at Bengaluru

The facility will be equipped to handle both narrow-body and wide-body aircraft, further strengthening IndiGo's maintenance capabilities and operational presence at the Bengaluru Airport

Myntra adds 20,000 jobs for EORS, expands workforce across India

With 22 per cent women recruits and hires from across India, Myntra expands its logistics, delivery, and customer support workforce for the 22nd End of Reason Sale