Page 315 - Company News

Delhi HC sets aside arbitral tribunal order entitling Zostel stake in OYO

The court allowed OYO's plea under Section 34 of the Arbitration Act, setting aside the 2021 tribunal ruling that Zostel could seek up to 7% stake in Oravel Stays

May prefer fresh insolvency process, say Bhushan Power & Steel lenders

The tribunal was hearing a plea filed by BPSL's former promoter Sanjay Singhal, seeking enforcement of the Supreme Court's recent order directing the company's liquidation

Abhinandan Lodha changes firm name from 'Lodha' to Abhinandan Ventures

It can be noted that last month, Abhinandan and his brother Abhishek, who runs Macrotech Developers, had reached an out-of-court truce over the usage of 'Lodha' in branding

General Atlantic cuts 10% stake in KFin Technologies for ₹1,790 crore

The shares were offloaded in the price range of Rs 1,040.31-1,041.56 apiece on the National Stock Exchange (NSE), taking the combined transaction value to Rs 1,790.41 crore

Summer Shopping: 43% of Flipkart Minutes users in 25-35 age group

Bangalore, followed by Delhi and Mumbai, records the highest summer shopping activity

Amazon's Prime Video to introduce limited advertisements from June 17

Prime Video will begin showing limited advertisements from 17 June in India while offering users an ad-free version at an additional cost to boost content investment

New properties and office leasing to drive growth for Chalet Hotels

Chalet Hotels reported a 50.2 per cent rise in consolidated net profit to ₹123.9 crore in Q4FY25 compared to the last quarter

Thomas Cook India to top FY26 industry growth: MD & CEO Mahesh Iyer

Firm sees itself outperforming sector's 12-15 per cent growth forecast for FY26 after a strong Q4, with gains in Middle East DMS, MICE, and B2C travel segments

Trump Residences in Gurugram sells out in a day for Rs 3,250 crore

Apartments priced between Rs 8 crore and Rs 15 crore, with four penthouses at Rs 125 crore each, fully allotted in second Trump-branded project in Gurugram

Tata Motors eyes strong EV sales rebound in FY26 with new launches

The company is lining up to launch Harrier.ev this fiscal and Sierra.ev subsequently, besides multiple interventions on existing cars to boost EV sales, he said in an earnings call

CCI clears Knowledge Realty's acquisition of Blackstone, Sattva entities

Knowledge Realty Office Management Services is a Sebi-registered REIT engaged in the business of owning and/or operating a portfolio of rent or income-generating real estate assets

India-UK FTA to boost JLR performance, future car access: Tata Motors CFO

Under the India-UK FTA concluded last week, tariffs on automotive imports will come down from over 100 per cent to 10 per cent under quotas on both sides, benefiting companies such as Tata's JLR

NCLT adjourns hearing on Bhushan Power-Steel's promoter plea for a month

The matter was listed before the Delhi-based Principal bench of the NCLT, where a two-member bench comprising its president adjourned the matter to June for the next hearing

Tata Steel plans capex of ₹15,000 cr in FY26, majority for Indian projects

In the UK, the company has received planning permission for the EAF project at Port Talbot and will commence site activity in July 2025

PNB to sell entire stake in Isarc for ₹34 crore to streamline portfolio

Punjab National Bank has agreed to sell its entire stake in India SME Asset Reconstruction Company for ₹34 crore, aligning with its plan to exit non-core investments and focus on core banking

JK Tyre plans to expand marketing presence in West Bengal, northeast

In West Bengal, Singhania said the company has more than 31 branded shops and six depots across the state

Happiest Minds eyes double-digit growth in FY26 despite challenges

IT firm saw Q4 revenue flat due to a client exit, but expects BFS and healthcare to drive growth; 20-24 key accounts identified for $20 mn-plus revenue focus

Gail to run Dabhol LNG terminal in monsoon, plans major expansion

Indian companies are increasingly seeking US LNG linked to Henry Hub prices to reduce exposure to oil-indexed contracts, which dominate their current portfolios

Fitch upgrades Shriram Finance's rating on improved business profile

Fitch believes that SFL's loan management practices and risk controls have tightened in recent years, improving the company's ability to maintain asset quality and navigate macroeconomic shocks

Smartworld, Tribeca sell 298 homes for ₹3,250 cr in 'Trump-branded' project

In a statement on Tuesday, Smartworlds and Tribeca announced "complete sell-out of Trump Residences Gurgaon on launch day", clocking sales of Rs 3,250 crore