Page 306 - Company News

Adani Ports' bond sale draws LIC interest on India market return: Report

The bonds were issued at the lowest spread over the corresponding government bond yield in the last seven years

Hitachi India names N Venu as managing director with effect from June 2

N Venu will be the MD in addition to his current role as Managing Director & CEO, Hitachi Energy India and Region Head of South Asia at Hitachi Energy

Golden Growth, Grovy to fund Rs 180 cr in 3 housing project in South Delhi

Golden Growth Fund (GGF) and realty firm Grovy India will invest Rs 180 crore to develop three housing projects in South Delhi.

HeidelbergCement India Q4 profit up 4.7% to ₹50.45 cr, sales up 2.6%

Its revenue from operations was 2.66 per cent to Rs 612.46 crore in the March quarter. It was at Rs 596.55 crore a year ago

Uber, Noida Airport collaborate to improve airport-ground transport link

Uber will offer app-based taxi services with dedicated pickup zones, on-ground support, and 24X7 ride options at Noida International Airport for seamless last-mile travel

SWREL Global CEO announces 225 MW solar project in Gujarat region

CEO Chandra Kishore Thakur said, "We are thrilled to announce our first domestic order of FY26 from a very reputed PSU developer and continue to build on our strong position in the Gujarat market"

Reliance, Aramco eye BP's Castrol unit in potential $10 billion deal

BP's Castrol division could fetch $8-10 billion, drawing interest from Reliance, Aramco, and private equity firms in one of the year's biggest energy deals

Welspun Corp Q4 net profit surges 143% to ₹699 crore on lower costs

It had posted a net profit of Rs 287.28 crore in the January-March period of the preceding financial year, the company said in an exchange filing

Snabbit raises $19 mn to expand on-demand home services across India

Backed by Lightspeed, Elevation, and Nexus, the startup aims to enter 200 micro-markets and build a tech-enabled platform for rapid household services

Saarathi Finance raises ₹475 cr to boost MSME lending in rural India

TVS Capital, Lok Capital and others back newly licensed NBFC to expand credit access for underserved MSMEs in semi-urban and rural India, valuing firm at ₹900 crore

Myntra raises ₹1,062 cr from parent firm in fresh capital infusion

The Flipkart-owned platform eyes growth in Singapore and beyond, posts Rs 30.9 crore profit in FY24, and readies for its flagship sale event starting May 31

Finance Ministry cold to Bharti Airtel plea on dues-to-equity switch

If Airtel's request is accepted, the government would have 2 to 4 per cent equity in the telco

L&T board pay jumps two-fold in FY25, employee headcount shrinks 1.4%

The median remuneration for key managerial personnel (KMP) rose 7.7 per cent to ₹1.85 crore, with one executive listed under this category

IBBI allows RPs to invite resolution plans for individual asset sales

Amendments to IBBI regulations enable flexibility in insolvency resolution by permitting asset-wise resolution plans with committee of creditors' approval

Uttar Pradesh Cooperative Bank posts net profit of Rs 100 crore in 2025

The total business stood at Rs 41,234 crore, reflecting its growing role in the rural economy, according to a statement

Samsung India executives seek to quash $81 million penalty over tax evasion

The Indian tax authority in January found Samsung and its executives evaded tariffs by misclassifying imports of key mobile tower equipment from 2018 to 2021

IndiGo to be 1st airline to commence operations from Navi Mumbai airport

IndiGo will launch services at Navi Mumbai airport with 18 flights to 15 cities and scale up to 200 air traffic movements a day by March 2026 including international flights

BAT pares stake in ITC to 22.9%, relinquishes veto power in key move

BAT's latest stake sale trims its ITC holding below 25 per cent, ending veto rights just a year after it cited the importance of maintaining control through board influence

TCS chief Krithivasan's pay package rises 4.6% to ₹26.5 crore for FY25

The CEO's pay hike is broadly in line with the average annual increase in employee salaries as TCS adjusts remuneration to reflect performance and market trends

Adani Ports & SEZ likely to raise ₹5k crore through 15-yr bonds today

On Thursday, Indian companies plan to raise over ₹13,000 crore via debt sale