Page 327 - Company News

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

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

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

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

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

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)

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

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

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.

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

Adani Group deploys India's 1st hydrogen-powered truck for mining logistics

The truck comprises three tanks that can carry 40 tonnes of cargo for 200 kms of range, will be used to transport coal from Chhattisgarh's Gare Pelma III Block to the state's power plant

NxtCell ties up with Dixon's Padget to manufacture Alcatel phones in India

NxtCell partners with Dixon's Padget Electronics to locally manufacture Alcatel smartphones; $30 milllion committed for brand relaunch, annual capacity to produce 1.2 million units

ICICI Venture to transfer PE, realty fund units to ICICI Prudential AMC

The move is aimed at consolidating investment offerings under ICICI Prudential AMC, so it can provide a full suite of asset classes, including private equity, the bank said in an exchange filing

Ex-promoter of Bhushan Power moves NCLT to enforce SC's liquidation order

Top court has rejected JSW Steel's resolution plan to acquire Bhushan Power and Steel four years after takeover was completed

Top five fund houses drove 58% of folio growth in FY25: Amfi data

Nippon, HDFC, Motilal Oswal, ICICI Prudential, and SBI led folio growth with 31.6 million new accounts in FY25, backed by equity fund performance and new offerings

IndusInd Bank to look into insider trading charge after independent probe

IndusInd, India's 5th-largest private sector bank, disclosed in March that years of incorrect accounting of internal derivative trades had led to a $230 million hole in its $60.8 billion balance sheet

Mercedes-Benz India focuses on deep localisation as forex hit push costs up

Luxury carmaker to raise prices in two phases in 2025 due to forex pressures while expanding localisation to protect margins and banking on India's economic resilience

Bharti Airtel likely to move HQ to business hub Aerocity in Delhi

India's No 2 telecom is in discussions to take up more than 700,000 sq ft space in upcoming Worldmark office buildings

Moody's downgrades IndusInd credit profile to 'ba2', flags control lapses

Moody's cuts IndusInd Bank's standalone credit profile citing weak internal controls, derivative accounting discrepancies, and leadership exits without succession plan

IWG to launch premium brand Signature, expand India footprint rapidly

IWG to launch its premium brand Signature in India in coming years and aims to add 40-50 centres by 2025, with a focus on Tier II and III cities and strategic acquisitions