Page 316 - Company News
Solex Energy net profit up 390% at Rs 42.79 cr in FY25 on higher revenues
The company's Earnings Per Share (EPS) rose to Rs 43.82, reflecting a 301 per cent year-on-year growth, a company statement said
 "Solex Energy net profit up 390% at Rs 42.79 cr in FY25 on higher revenues")
Flipkart leadership shake-up: 4 executives exit as IPO pressures intensify
At least four senior Flipkart leaders, including SVP Ankit Jain, have quit amid rising cost pressures, IPO plans, and intensifying rivalry in the quick commerce space
 "Flipkart leadership shake-up: 4 executives exit as IPO pressures intensify")
Titan Watches & Wearables CEO Suparna Mitra resigns due to personal reasons
The date of cessation of Mitra, who has been in this role for the last five years, is August 12, 2025, the company said in a regulatory filing
 "Titan Watches & Wearables CEO Suparna Mitra resigns due to personal reasons")
Curefoods acquires India rights to Krispy Kreme, plans Northern expansion
Curefoods now holds national rights to Krispy Kreme and has entered North India with 11 new outlets in Delhi NCR, planning further expansion into western markets
 "Curefoods acquires India rights to Krispy Kreme, plans Northern expansion")
Biryani Blues raises $5 million in funding led by Yugadi Capital fund
The fund raised in a pre-Series C funding round will support expansion strategy, enhance human capital across functions, and upgrade operations and logistics
 "Biryani Blues raises $5 million in funding led by Yugadi Capital fund")
Amazon teams up with FedEx for big package deliveries after UPS pullback
This deal was signed in February and it gives Amazon 'cost favourability' as compared to the delivery rival UPS.
 "Amazon teams up with FedEx for big package deliveries after UPS pullback")
L&T bags govt contracts worth up to Rs 5,000 cr in Delhi, Andhra Pradesh
L&T wins government-backed EPC orders for buildings in Delhi and Andhra Pradesh, worth Rs 2,500-5,000 crore, with both projects to be completed in 18 months
 "L&T bags govt contracts worth up to Rs 5,000 cr in Delhi, Andhra Pradesh")
JSW One Platforms raises Rs 340 cr from Principal Asset Management, others
The conglomerate's steel arm JSW Steel also participated in the round, after which the JSW One Platforms' valuation catapulted to $1 billion making it enter the coveted unicorn club
 "JSW One Platforms raises Rs 340 cr from Principal Asset Management, others")
Error or fraud: IndusInd Bank pressured to explain ₹2k cr derivative loss
Auditors seek clarity on whether the ₹2,000 crore loss stems from fraud or accounting irregularity
 "Error or fraud: IndusInd Bank pressured to explain ₹2k cr derivative loss")
China's Ant Group sells $246 million worth of Paytm shares in block trade
Ant Group, a subsidiary of Alibaba Group, has been gradually reducing its stake in Paytm
 "China's Ant Group sells $246 million worth of Paytm shares in block trade")
Birla's big paints bet hits Asian Paints' market share in just one year
Birla Opus' market share reached 6.8 per cent in the latest quarter
 "Birla's big paints bet hits Asian Paints' market share in just one year")
Power Mech wins ₹972 cr township project at Yadadri Thermal Power Station
Power Mech secures ₹972 crore TSGENCO township project at Yadadri Thermal Power Station covering residential quarters hospital school sports complex and key infrastructure works
 "Power Mech wins ₹972 cr township project at Yadadri Thermal Power Station")
NCLT rejects Adani Ports' late bid for insolvent Tuticorin Coal Terminal
Lenders to consider existing proposal by Seapol; tribunal signals possibility of wider interest amid improved performance
 "NCLT rejects Adani Ports' late bid for insolvent Tuticorin Coal Terminal")
Indigo cancels flights to Amritsar, 5 other cities amid security concerns
On Monday evening, an IndiGo flight enroute to Amritsar returned to the national capital after precautionary blackout measures were enforced in Amritsar
 "Indigo cancels flights to Amritsar, 5 other cities amid security concerns")
PhonePe suffers UPI outage after conducting disaster recovery drills
PhonePe's UPI services went down for over an hour on Monday evening as peak traffic exposed a network capacity shortfall during cybersecurity preparedness drills
 "PhonePe suffers UPI outage after conducting disaster recovery drills")
Big Four rejig IBC verticals with fewer insolvency cases getting filed
Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84
 "Big Four rejig IBC verticals with fewer insolvency cases getting filed")
BPSL case: JSW Steel likely to cite NCLT 2019 order in SC review plea
JSW Steel and lenders will move the Supreme Court after its verdict struck down the BPSL resolution plan, citing lack of Form H and equity infusion in the structure
Fusion Finance shares rise over 8% after Rs 800-cr rights issue success
Fusion Finance shares jumped as its Rs 800-crore rights issue saw 1.5x oversubscription, driven by strong backing from promoters and institutional investors
 "Fusion Finance shares rise over 8% after Rs 800-cr rights issue success")
LTIMindtree signs $450 mn deal, its largest yet, with agribusiness firm
Seven-year contract includes AI-powered model for application management, infrastructure support and cybersecurity; firm sees boost in shares after announcement
 "LTIMindtree signs $450 mn deal, its largest yet, with agribusiness firm")
Aequs working to become part of Apple's global supply chain from India
Leveraging the recently announced production-linked incentive (PLI) scheme for electronic components, the company is investing $100 million to enter into mechanics
 "Aequs working to become part of Apple's global supply chain from India")