Page 326 - Company News
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"
 "India PV growth likely at 1-2% in FY26; Maruti to outpace industry: Suzuki")
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
 "LTIMindtree bags record $450 million deal with global agribusiness firm")
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
 "US firm Vast keen to use Indian rockets for rides to planned space station")
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
 "Hindustan Zinc fertiliser plant likely to be operational by FY27: Chair")
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
 "Tata to double iPhone casing capacity at Hosur plant to 100,000 units")
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)
 "BC Jindal Group's JIRE secures 300-MW solar power project from SJVN")
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
 "Reliance NU Energies secures 350 MW solar power project from SJVN")
Will bring five new products within next 2 years: Renault India MD & CEO
Renault India chief Venkatram Mamillapalle outlines growth plans, including five new launches, higher exports, and a renewed focus on EVs
 "Will bring five new products within next 2 years: Renault India MD & CEO")
ReNew Power to build Rs 22,000 crore RE facility in Andhra Pradesh
A government source said State Industries Minister Nara Lokesh would attend the groundbreaking ceremony on May 16
 "ReNew Power to build Rs 22,000 crore RE facility in Andhra Pradesh")
DCM Shriram's arm Fenesta buys 53% stake in DNV Global for Rs 44 crore
The acquisition of DNV Global will help Fenesta in backward integration and opportunity to create new line of business (hardware)
 "DCM Shriram's arm Fenesta buys 53% stake in DNV Global for Rs 44 crore")
Godrej Properties to launch projects worth Rs 40K cr in FY26: Chairman
He said the company would continue to invest in land acquisition and development works to expand its business and increase market share
 "Godrej Properties to launch projects worth Rs 40K cr in FY26: Chairman")
Welspun to enter pipe segment with Sintex, eyes 5% market share in 7 years
The Goenka family-promoted group is now taking brand Sintex beyond its primary plastic water storage tank business to new areas such as pipes and water recycling
 "Welspun to enter pipe segment with Sintex, eyes 5% market share in 7 years")
Aramco reports $26 bn profit in Q1, down 4.6% on lower oil prices
Aramco confirmed total dividends of $21.36 billion for the first quarter, $219 million of which was performance-linked dividends
 "Aramco reports $26 bn profit in Q1, down 4.6% on lower oil prices")
Ionic Wealth plans expansion in tier-2,3 cities to target HNIs: CEO
This strategic focus reflects a broader trend among HNIs in emerging regions who are increasingly looking for more sophisticated financial solutions
 "Ionic Wealth plans expansion in tier-2,3 cities to target HNIs: CEO")
OTPC, Assam Power Corp jointly developing 250 MW battery energy system
Under the project, power generated from solar power will be stored in the battery energy system and will be available for distribution through power substations
 "OTPC, Assam Power Corp jointly developing 250 MW battery energy system")
JSL keen on ₹40K cr investment in Maharashtra, looking for land parcel: MD
At present, Jindal Stainless has a capacity of 3 million tonnes per annum at its two plants in Hisar (Haryana) and Jajpur (Odisha)
 "JSL keen on ₹40K cr investment in Maharashtra, looking for land parcel: MD")
India-UK FTA a positive step; car prices unlikely to change: BMW, Mercedes
Last week, India and the UK sealed a landmark FTA that will lower tariffs on 99 per cent of Indian exports
 "India-UK FTA a positive step; car prices unlikely to change: BMW, Mercedes")
Two-wheeler sales to sustain growth momentum in FY26: TVS Motor CEO
Overall, two-wheeler registrations rose 8 per cent to 18,877,812 units in FY25 compared to 17,527,115 units in 2023-24
 "Two-wheeler sales to sustain growth momentum in FY26: TVS Motor CEO")
Affle 3i Q4 results: Profit rise 18% rise to Rs 103 cr on higher revenue
Technology firm Affle 3i has reported a 17.8 per cent increase in consolidated net profit to Rs 103 crore in the March quarter.
 "Affle 3i Q4 results: Profit rise 18% rise to Rs 103 cr on higher revenue")
NTPC Green Energy appoints Sarit Maheshwari as CEO, replacing Rajiv Gupta
According to the filing, the board of directors has approved the appointment of Sarit Maheshwari as Chief Executive Officer of the company with effect from May 10, 2025
 "NTPC Green Energy appoints Sarit Maheshwari as CEO, replacing Rajiv Gupta")