Page 317 - Company News

Yes Bank shares rises over 2% on SMBC's Rs 13,482-cr stake acquisition

Yes Bank rose 2.35 per cent after SMBC's ₹13,482-crore stake deal but underperformed the Nifty Bank and Nifty 50 indices, which posted stronger gains

Hudco plans to refinance up to ₹7,000 crore of costly debt in FY26

Institution aims to lower cost of funds by leveraging softening rates; raised ₹2,190 crore via NCDs in May and targets ₹65,000 crore in total borrowings this year

Britannia sees steady demand recovery, expects revenue and volume growth

Another set of price hikes in first 2 months of Q1

Movies may see action-packed footfall by May-end, says PVR INOX's Bijli

PVR INOX is also banking on more initiatives like re-releases and affordable pricing initiatives like Cinema Lovers Day and Blockbuster Tuesdays

Filter Capital invests $10 mn in trade discounting platform M1xchange

According to the platform, India's supply chain finance sector is witnessing accelerated growth, driven by the need for faster-working capital access for MSME

NCLAT rejects insolvency petition against PepsiCo India over interest claim

The appellate insolvency tribunal has upheld the earlier order passed by the Chandigarh bench of the National Company Law Tribunal (NCLT), which had rejected SNJ Synthetics's plea

Tikona Infinet resolves dispute regarding debt payments with L&T Finance

Tikona Infinet said the pact was signed on May 10, bringing closure to a previously reported shareholder matter related to Series 'E' Compulsorily Convertible Debentures (CCDs)

Gensol Engineering promoters quit after Sebi order on fund diversion

The regulator also debarred Anmol and Puneet Singh Jaggi from holding the position of a director or key managerial personnel in Gensol until further orders

Centre terminates services of SECI Chairman R P Gupta with immediate effect

SECI was at the heart of several controversies involving Adani, JSW & R-Power

VVIP Group to invest ₹800 crore in luxury homes project in Greater Noida

Praveen Tyagi, CMD of VVIP Group, said, There is a growing demand for luxury housing in the region, which reflects buyers' evolving preferences and a keen desire for a lifestyle

China's Ant Group to sell 4% stake in Paytm for $242 million: Report

Ant, a subsidiary of Alibaba Group, will sell its stake in Paytm at ₹809.75 per share, the report added

KEC International wins ₹1,034 cr orders across key infrastructure sectors

The orders include supply of towers, hardware and poles in the Americas, establishing a semiconductor plant for a prominent private player in India, executing an upstream project

Indian startups face funding, regulation, trust challenges: Rukam founder

Jahagirdar is the Founder and Managing Partner of the venture capital firm, which has invested in startups like Beco, Sleepy Owl, Indus Valley, GO Desi, Burger Singh, and Antithesis

India PV growth likely at 1-2% in FY26; Maruti to outpace industry: Suzuki

In addition, the new Kharkhoda plant where it initiated production in February this year, will contribute "to increased production and sales of the popular SUV Brezza"

LTIMindtree bags record $450 million deal with global agribusiness firm

As part of the deal LTIMindtree will implement an AI-powered operating model to deliver application management infrastructure support and cybersecurity services

US firm Vast keen to use Indian rockets for rides to planned space station

The California-based company plans to launch Haven-1, a single-module space station, on a SpaceX Falcon 9 rocket in May 2026

Hindustan Zinc fertiliser plant likely to be operational by FY27: Chair

The company is making its entry into fertilizer production by setting a 0.5 million tonnes (MT) per annum manufacturing plant at Chanderiya in Chittorgarh district of Rajasthan

Tata to double iPhone casing capacity at Hosur plant to 100,000 units

Tata Electronics will double iPhone casing production at its Hosur plant to 100000 units as Apple accelerates India manufacturing ahead of its September product launches

BC Jindal Group's JIRE secures 300-MW solar power project from SJVN

The greenfield project must be completed within 24 months from the signing of the power purchase agreement (PPA)

Reliance NU Energies secures 350 MW solar power project from SJVN

The BESS, integrated with the solar project, will provide a backup power supply of 175 MWh for four hours