Page 32 - Company News

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

Paytm builds ₹13,529 crore cash pile, eyes organic growth and acquisitions

The fintech firm said it is prioritising organic investments while remaining open to acquisitions at the right valuation as its cash balance rose to Rs 13,529 crore in Q1 FY27

KFin Technologies signs ₹282.85 cr lease for 2.4 lakh sq ft in Hyderabad

The registrar and transfer agent has leased 2.4 lakh sq ft in Hyderabad's Kokapet for 15 years, with the total rental outgo estimated at Rs 282.85 crore

Over 95% of post-restart trading activity came from returning users: WazirX

Crypto exchange says most trading in H1CY26 came from returning users, with one in seven adding fresh capital as it expands products following its October 2025 restart

HCL, ACME lead ₹4,574 cr Odisha investment push; 23 projects approved

The State Level Single Window Clearance Authority approved projects across 11 districts, with HCL Technologies and ACME Cleantech among the biggest investors

Adani Energy Solutions Q1FY27 profit more than doubles to ₹1,237 cr

Adani Energy Solutions on Tuesday posted a more than twofold rise in consolidated net profit to Rs 1,236.56 crore in the April-June quarter compared to the year-ago period on higher revenues

No further dilution by SBI in SBI Funds Management: Chairman C S Setty

SBI Funds Management made a subdued debut on the bourses, listing at Rs 613.30, a premium of 6.85 per cent over its issue price of Rs 574

CSM Technologies posts stellar performance as profit up 70%, margin expands

The GovTech company reported a 70.2 per cent rise in FY26 net profit as improved execution efficiency and operating leverage drove a sharp expansion in EBITDA margin

IKEA India to open second Delhi city store at DLF Avenue, Saket on July 30

The Swedish furniture retailer will open its second city store in Delhi at DLF Avenue, Saket, to serve customers across South and Central Delhi and neighbouring areas

One97 Communications to infuse ₹100 cr in wealth tech arm Paytm Money

Incorporated in 2017, Paytm Money is engaged in providing investment and wealth management services, including stock broking, mutual fund distribution, and other financial services

Piramal Realty launches Phase 2 of Thane project with ₹4,700 crore GDV

Piramal Realty has launched the second phase of its Piramal Vaikunth project in Thane, with a gross development value of Rs 4,700 crore and an estimated investment of Rs 3,600 crore