Page 309 - Company News

Indian giants L&T, Afcons win big in West Asia's $235 billion infra push

L&T focuses on transport and energy in Saudi Arabia, UAE; Afcons eyes Dubai Sewerage Project and urban tunnels as West Asia's project pipeline booms

Rakesh Gangwal, family trust sell 5.7% stake in IndiGo for Rs 11,385 crore

Before the latest transaction, Gangwal and the family trust together owned about 13.5 per cent in IndiGo

Auditors flag irregularities in Indian units of Chinese brands Oppo, Realme

Oppo Mobiles India was flagged by its auditor for a negative net worth of ₹3,551 crore as of FY24. Realme India was pulled up for procedural lapses and inadequate record-keeping during the period

Aegis Vopak IPO sees 26% subscription on Day 1; QIBs lead with 39%

Aegis Vopak Terminals has raised Rs 1,260 crore from anchor investors. The issue, with a price band of Rs 223 to Rs 235 per share, will conclude on May 28

SBI Life, Vidyaniti acquire 4.25% stake in NHIT for Rs 1,100 crore

Vidyaniti LLP also bought over 4.49 crore units, amounting to a 2.3 per cent unit-holding in National Highways Infra Trust, as per the data on the exchange

Byju's app delisted from Google Play Store over unpaid dues to vendor

While some of the other apps of Think and Learn, which operate under the Byju's brand, continue to be functional on Google Playstore

India a bright spot for growth amid global volatility: N Chandrasekaran

Tata Consumer Products chairman highlights India's stable macro outlook, structural reforms, and emerging trends like GenAI and quick commerce in FY25 report

Supreme Court halts liquidation process against BPSL, orders status quo

Decision comes after hearing petition filed by JSW Steel

Competition, demand worries ahead for Balkrishna Industries' stock

The foray into new categories, which are highly competitive, has prompted brokerages to cut their earnings and downgrade the stock

Nestle SA makes first India funding, buys stake in pet food brand

The global FMCG giant has acquired a minority stake in pet food brand Drools, which recently achieved unicorn status and will remain operationally independent

Rakesh Gangwal may sell 3.4% in IndiGo for ₹6,831 crore via block deal

IndiGo co-founder Rakesh Gangwal to sell 3.4% stake via block deals as part of his long-term exit plan; total promoter stake now down to 13.53%

Aurobindo Pharma Q4 net dips 0.5%, revenue up 10.5% to Rs 8,382 cr

US and Europe markets drive growth as company posts flat profit for Q4 FY25; files 9 ANDAs and launches 5 new products during the quarter

Flipkart CEO Krishnamurthy signals strong growth amid India IPO plans

Krishnamurthy called Flipkart's plan to shift its legal domicile to India a "statement of intent" and a significant step toward aligning more closely with India's economic and regulatory landscape

JioStar, Sony to broadcast Team India's England tours for next two years

JioHotstar will stream India's 2025-26 England tours while Sony retains TV rights as part of a two-year partnership supported by the England and Wales Cricket Board

IndiGo co-founder to sell part of stake in deal worth $800 mn: Report

The airline did not immediately respond to a request for comment. IndiGo was founded in 2006 by Gangwal and Rahul Bhatia

Sebi imposes ₹25 lakh fine on MCX for disclosure lapses, misleading info

MCX fined ₹25 lakh by Sebi for failing to disclose timely payments to 63 Moons and delays in migrating to a TCS-developed trading platform

Tata Motors pays ₹38,892 cr in taxes, levies in FY25, down 1% from FY24

Other contributions, including provisions for Provident Fund and Employee Pension Scheme, stood at Rs 937 crore last fiscal

Lupin signs licensing deal with SteinCares for ranibizumab in LatAm

Lupin will manufacture biosimilar ranibizumab while SteinCares handles registration and marketing in Latin America, excluding Mexico and Argentina

PayU rolls out MCP server to integrate AI assistants, payment systems

The MCP server helps AI assistants like Claude integrate with PayU's core APIs to automate tasks like invoicing, payment status checks, and customer onboarding

Domicile shift key to aligning with India's economy, rules: Flipkart CEO

Flipkart CEO Kalyan Krishnamurthy highlights growth, AI investment, IPO plans, and the company's legal domicile shift to India to better align with the country's economy and regulations