Page 31 - Company News

PTC Industries bags DRDO order to develop component for light weight tank

Order marks the company's move beyond contract manufacturing into design-led development of mission-critical defence components for India's indigenous light tank programme

UltraTech Cement plans to raise up to ₹5,000 crore from market via NCDs

UltraTech Cement's board has approved raising up to ₹5,000 crore through privately placed non-convertible debentures, with details on tenure and coupon rate yet to be announced

Mahindra Lifespaces, Sumitomo expand Chennai industrial park partnership

The partners will acquire and develop around 95 acres under Phase 2B of Origins by Mahindra, taking the total planned area of the Chennai industrial park to 540 acres

ITC eyes ₹8 trillion FMCG market by 2035, bets on AI, premiumisation

ITC expects India's FMCG market to expand to around ₹8 trillion by 2035 and plans to drive growth through brand-building, AI-led consumer insights, digital commerce, and strategic acquisitions

Gulshan Group plans ₹1,000 crore premium housing project at Wave City

Gulshan Empire will offer 500 premium residences across 5.5 acres, with homes starting at ₹2.2 crore and estimated sales realisation exceeding ₹1,200 crore

Not cutting-edge, but can Tata's chip fab reduce India's import bill?

India's first semiconductor fabrication plant is making headlines for what it may not produce. Here's why

Airtel Africa chooses London for mobile-money business listing this year

Airtel Africa has chosen London as the primary listing venue for its mobile-money business, with the IPO expected this year, subject to market conditions and regulatory approvals

Adani considering launching airline to push into India's aviation market

The Adani Group is considering starting an airline, a move that could intensify competition in India's aviation market dominated by IndiGo and Air India

BPCL, HPCL post Q1 losses amid crude oil spike, weak fuel margins

State-run oil refiners reported quarterly losses as higher crude oil prices, weak fuel marketing margins and LPG under-recoveries weighed on earnings

Bandhan Bank shares plunge nearly 17% after lender cuts RoA guidance

The lender lowered its FY27 return on assets guidance after June-quarter earnings, overshadowing a 35 per cent rise in net profit and weighing on investor sentiment

HCLTech likely to build its first India data centre in Odisha's Bhubaneswar

HCLTech plans a ₹730 crore AI-optimised data centre and Global Development Centre in Bhubaneswar, creating 6,000 high-skilled jobs and boosting digital infrastructure

TVS Motor sees international biz maintaining growth momentum in FY27

Chairman Sudarshan Venu says overseas operations now contribute over a quarter of revenue as the company expands across Africa, Latin America, Asia and Europe

GCPL invests ₹200 crore in subsidiary Godrej Pet Care via rights issue

The FMCG company said the capital infusion will support its wholly owned subsidiary's business operations, growth plans and capital requirements

JSW Energy Q1 FY27 results: Net profit declines 36% to Rs 532 crore

The company's June-quarter profit fell as power sales and generation declined, but it remained on track to add 3 GW of capacity in FY27 under its Strategy 3.0 plan

Orient Electric Q1 result: Profit up 79.7% at ₹31.49 cr, revenue up 23.5%

Its revenue from operations was up 23.5 per cent to ₹949.76 crore in the June quarter. It was at ₹769.08 crore in the corresponding period last fiscal

What are non-convertible debentures and why do companies use them?

From fixed interest payments to repayment at maturity, here's a simple guide to non-convertible debentures and why companies rely on them to finance growth without diluting ownership

Delhi HC upholds Centre's decision to deny oil block extension to Vedanta

Delhi HC dismissed a petition by Vedanta Ltd seeking to set aside the Ministry of Petroleum and Natural Gas's direction which rejected its 2021 application to extend contract for the Suvali oil block

Punjab National Bank eyes entry into world's top 100 banks in next 2 years

Currently, only State Bank of India, the country's biggest lender, and private-sector leader HDFC Bank Ltd. rank in the top 100 global sector list by total assets

Anant Raj to demerge data centre, cloud biz into separately listed entity

The real estate developer will carve out its data centre and cloud services business into Ashok Cloud Pvt Ltd to sharpen strategic focus and unlock long-term shareholder value

Cognizant bags multi-million-dollar deal from US health insurer Centene

Cognizant secures a $500 million deal from US health insurer Centene to deploy its TriZetto platform, strengthening its healthcare IT business amid weak demand