Page 31 - Company News

Natco Pharma to invest $14 mn in US-based biotechnology firm eGenesis Inc

In 2024, Natco Pharma had invested $8 million in eGenesis, Inc through preferred stock

Aerospace startup Airbound raises $37 mn to expand autonomous aircraft biz

The Bengaluru aerospace startup will use the Series A capital to scale engineering and manufacturing, while its Andhra Pradesh network is planned to handle up to 10,000 daily flights

PVR Inox to consider share buyback proposal, board to meet on Aug 31

The company has not shared any details on the number of shares or the price at which it will offer the buyback plan

Axis Bank bets on data centres, gold loans to outpace credit growth

Data centres, renewable energy and urbanisation are driving corporate credit demand, while gold loans and borrowers from smaller cities are fuelling retail growth, its ​chief executive said

Flender expands India wind footprint with new Chennai generator plant

The Winergy facility will expand generator manufacturing, deepen localisation and strengthen Flender's supply-chain capabilities for India's growing wind energy market

MATTER raises $25 million to expand manufacturing, launch four motorcycles

The deep-tech electric motorcycle maker will use the capital to scale capacity and distribution and broaden its product line with four launches over the next 12-24 months

Nexedge Capital raises $20 million to expand wealth management platform

The firm will use the capital to strengthen technology, grow its senior banker network, expand into Tier-II and Tier-III cities, and build NRI and NBFC offerings

TCS powers Europe push with nearly ₹14,000 crore Porsche deal

To also acquire German auto giant's IT unit for ₹3,574 crore

We are well capitalised right now: Navi Finserv MD & CEO Abhishek Dwivedi

'Our target group has been young middle class. Over the years, we have graduated to a slightly higher ticket size doing about Rs 1.5 lakh in average ticket size in unsecured credit or personal loans;

Coal India sets up Singapore arm to pursue overseas critical mineral assets

CIL Global will explore overseas critical mineral acquisitions and manage investments as the state-run miner looks to diversify its portfolio beyond coal

DP World to stay firm on its $5 billion India promise despite Gulf war

The ports and logistics major expects its planned investments to materialise over five years and is evaluating avenues for deploying the committed capital in India

Porsche deal an opportunity for us, says TCS CEO & MD K Krithivasan

In an in-person interview, K Krithivasan , CEO and managing director TCS and Michael Leiters, CEO, Porsche AG talk about the acquisition and the carve-out with Shivani Shinde.

Infosys gives 70% variable pay for Q1 amid challenging demand environment

The average variable payout remained unchanged from the fourth quarter but was lower than the 80 per cent paid for the same period last year amid macroeconomic volatility

Blue Cloud kicks off $150-mn technology deal with SpaceX International

The 18-month project covers enterprise AI compute infrastructure, cybersecurity, telecommunications and data centre solutions, with billing set to begin this quarter

L&T signs over ₹15,000 crore gas compression contract in West Asia

The project involves engineering, procurement and construction of gas compression plants, including compression systems and associated utilities

Delhi HC orders ₹53 cr refund to Vodafone Idea, rejects Form 26B hurdle

The court held that a refund arising from an assessment or appellate order cannot be withheld merely because the taxpayer has not furnished Form 26B

Delhi HC reserves order on jurisdiction issue in HUL-Beco advertising row

HUL argued that Beco's online sales to Delhi consumers establish a commercial link with the city, while Kwick Living questioned the court's territorial jurisdiction

SoftBank Group pares nearly 2.6% stake in Lenskart for ₹2,888 crore

SoftBank Group has once again trimmed its holding in Lenskart Solutions, selling nearly a 2.6 per cent stake in the eyewear retailer for Rs 2,888 crore through open market transactions on Monday.

Resona Bank deepens Tata Capital ties for India play after ₹20 mn fund bet

Japan's Resona Bank on Monday announced a tie-up with Tata Capital to provide its clients better access to financing solutions and opportunities in India using the non-bank lender's local network.

TVS Supply Chain, Japan's Sankyu sign pact to collaborate across services

As part of the MoU, Sankyu intends to acquire a 0.5% stake in TVS Supply Chain Solutions, subject to customary regulatory approvals