Page 32 - Company News

SC to hear tax department plea against Vedanta relief in TDS dispute

The Supreme Court agreed to examine the Income Tax Department's plea against a Madras High Court ruling that granted Vedanta partial relief in a TDS dispute

IndusInd Nippon Life Insurance FY26 profit rises 15.12% to ₹248 crore

Strong new business growth lifts IndusInd Nippon Life Insurance FY26 profit

ICICI Bank to retain majority stake in ICICI Prudential Life Insurance

ICICI Bank reaffirmed its long-term commitment to ICICI Prudential Life Insurance after Prudential plc announced plans to reduce its stake below 10 per cent

Liberty Mutual increases stake in Liberty General Insurance to 74%

Liberty Mutual Insurance has raised its stake in Liberty General Insurance to 74 per cent, strengthening control of the Indian insurer amid growing foreign investment interest in the sector

TVS Venu Group to acquire up to 9.9% stake in Jana Small Finance Bank

TVS Venu Group comprises of TVS Motor, TVS Credit, TVS Emerald and other entities, including promoter entities with a revenue of $ 6.5 billion in FY26

JSW Energy sells 25 million JSW Steel shares for ₹3,150 crore via bulk deal

Post-transaction, the company's balance holding is 4,50,38,350 equity shares of JSW Steel Ltd, a regulatory filing said

United Breweries announces closure of brewery unit in Ludhiana from June 30

UBL further said this long-term lease will play a pivotal role in meeting the future demand efficiently and sustainably through enhanced operations within the Punjab

Tata Power, Druk Green ink pact for Bhutan's clean energy framework

Training programmes will be delivered through Tata Power Skill Development Institute (TPSDI)

Maruti starts production at 2nd plant of Kharkhoda facility in Haryana

The second plant has an annual production capacity of 250,000 units, taking the total capacity at Kharkhoda to 500,000 units

Gourmet Investments to launch Olive Garden, double outlets in India

As part of expansion ​plans, Pewekar expects Olive Garden's India restaurant count to exceed 10 in three ‌years' time and then to expand more rapidly with a focus on large cities

NCLAT upholds separate insolvency proceedings for 2 Videocon group entities

Passing a final order, the NCLAT said creditors of VIL and VOVL had intended the Corporate Insolvency Resolution Processes (CIRPs) of the two companies to run independently

Ambuja to focus on completing projects amid capex slowdown: Karan Adani

Ambuja Cement Director Karan Adani said project execution lagged group standards due to contractor issues, lack of execution teams and incomplete engineering work, prompting focus on ongoing projects

Tatas' troubled trusts: Conflict brews over Tata Sons' listing plans

The House of Tatas is divided over Tata Sons' listing, among other issues. The 19-month journey since Ratan Tata explains the sequence of events

L&T Technology Services aims to double AI patent filings in three years

LTTS plans to expand its AI and GenAI patent portfolio to 500 filings over three years as it sharpens focus on engineering innovation and enterprise AI adoption

Balrampur Chini aims ₹ 2,000 cr revenue from new bio-plastic plant in UP

Balrampur Chini Mills, which has 10 sugar factories in Uttar Pradesh, is setting up a Poly Lactic Acid (PLA) plant of 80,000 tonnes per annum capacity at a cost of more than ₹3,000 crore

Signature Global to invest ₹3,500 cr on land buying, construction: Chairman

On land acquisition, he said the company invested around ₹700 crore last fiscal year to buy land parcels. "We will be investing ₹1,000-1,500 crore on land acquisition during FY27

Hero MotoCorp plans ₹1,500 cr capex to double scooter production capacity

The company has also committed over ₹700 crore of investment in building a global parts centre in South of India, said CEO

'UCIL to tap Hindustan Copper's tailings for uranium recovery in Jharkhand'

The move would help in augmenting domestic supplies of the strategic mineral used in nuclear power and defence applications

Tata Electronics, ASML tie up for semiconductor manufacturing in India

The collaboration will focus on deploying ASML's holistic suite of advanced lithography tools and solutions for the Dholera Fab

Muthoot Fincorp plans ₹4,000 crore IPO, FY26 profit more than doubles

The gold loan-focused non-bank lender's IPO will comprise a fresh issue of equity shares which can be deployed for future growth, as per an official statement