Page 332 - Company News
TPG acquires 35% in SCHOTT Poonawalla, SII retains minority stake
SCHOTT Pharma keeps 50% stake in Indian JV as TPG joins with Novo Holdings to support global pharma supply chain growth; deal expected to close in H1 2025
 "TPG acquires 35% in SCHOTT Poonawalla, SII retains minority stake")
JBM Auto Q4 results: Profit rises 20% to ₹66 cr on increased sales
Net sales including other operating income during the quarter under review rose 10.75 per cent to Rs 1,645.70 crore from Rs 1,485.95 crore in Q4FY24, the company said in a statement
 "JBM Auto Q4 results: Profit rises 20% to ₹66 cr on increased sales")
Sundaram Finance plans to raise over Rs 6K cr in current FY to drive growth
The funds proposed to be raised would be through a mix of refinance from NHB, bank debt, debentures and fixed deposits
 "Sundaram Finance plans to raise over Rs 6K cr in current FY to drive growth")
J&K Bank aims to cross ₹5,000 cr profit mark by 2030: MD & CEO Chatterjee
Chatterjee emphasized on the need for the bank to focus more on supporting the agriculture sector, while expanding its footprints in the rest of the country as part of its diversification plan
 "J&K Bank aims to cross ₹5,000 cr profit mark by 2030: MD & CEO Chatterjee")
Blinkit delivery staff say IDs blocked after strike, restored on apology
Delivery partners said the company asked them to give written assurance against repeating such actions, warning it could take any action if they failed to comply
 "Blinkit delivery staff say IDs blocked after strike, restored on apology")
TCS pays 100% quarterly variable allowance to over 70% of employees
The company clarified that for employees in other grades, the QVA payout is determined by the performance of their respective business units
 "TCS pays 100% quarterly variable allowance to over 70% of employees")
Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit
Public sector lender Union Bank purchased 189,450 paperback and 10,422 hardcover copies of Krishnamurthy V Subramanian's book 'India@100: Envisioning Tomorrow's Economic Powerhouse' for ₹7.25 crore
 "Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit")
Brookfield India REIT Q4 NOI rises 16% to ₹488.5 cr, ₹319 cr payout planned
During the full 2024-25 fiscal, the NOI grew by 37 per cent to ₹ 1854 crore from ₹1,350 crore in the preceding year
 "Brookfield India REIT Q4 NOI rises 16% to ₹488.5 cr, ₹319 cr payout planned")
Govt weighing next move after SC's JSW-BPSL order: DFS Secretary M Nagaraju
The DFS is assessing the Supreme Court's Bhushan Steel ruling with lenders and may chart next steps soon; IDBI Bank's 61 per cent stake sale will conclude in 2025
 "Govt weighing next move after SC's JSW-BPSL order: DFS Secretary M Nagaraju")
NCLT, NCLAT can't review PMLA decision: Supreme Court in BPSL case
The Supreme Court has ruled that NCLT and NCLAT lack judicial review power over statutory decisions under the PMLA in the Bhushan Power and Steel liquidation case
 "NCLT, NCLAT can't review PMLA decision: Supreme Court in BPSL case")
Coal India resumes discussions with Chile to acquire lithium blocks
These talks had previously been halted because the Chilean government required CIL to have prior experience in mineral mining
 "Coal India resumes discussions with Chile to acquire lithium blocks")
Indian GCCs shaped our global tech road map: Sabre CEO Kurt Ekert
Sabre's India GCC plays a central role in building AI-based forecasting, pricing, and retail platforms that power travel innovation for global airlines and hotels
 "Indian GCCs shaped our global tech road map: Sabre CEO Kurt Ekert")
Adani Cement hits 100 MT capacity; Gautam Adani hails record pace
The business tycoon further said that Adani Cement is now one of the most efficient cement manufacturers on the planet
 "Adani Cement hits 100 MT capacity; Gautam Adani hails record pace")
DCM Shriram Q4 results: Profit jumps 52% YoY to ₹178.91 cr on higher income
Total income rose to Rs 3,040.60 crore in the January-March period of the last fiscal from Rs 2,555.23 crore
 "DCM Shriram Q4 results: Profit jumps 52% YoY to ₹178.91 cr on higher income")
Bain Capital seeks CCI nod to acquire stake in Manappuram Finance
Investment firm Bain Capital on Monday sought the approval of fair trade regulator CCI to acquire a significant stake in non-banking financial company Manappuram Finance through a multi-layered deal.
 "Bain Capital seeks CCI nod to acquire stake in Manappuram Finance")
NHAI to seek conciliation with Jaiprakash Associates over ₹1,461 cr claims
In the ongoing dispute, Jaiprakash Associates has sought Rs 1,461.63 crore compensation for 'four laning of Varanasi Gorakhpur Section of NH-29 from Km 14B.000 to Km 20B
 "NHAI to seek conciliation with Jaiprakash Associates over ₹1,461 cr claims")
Zee Media Corporation Q4 results: Loss widens to Rs 37 cr, revenue down 13%
In FY25, ZMCL's loss widened to Rs 119.42 crore from Rs 98.43 crore a year ago. Total consolidated income was at Rs 632.97 crore, down 4.53 per cent
 "Zee Media Corporation Q4 results: Loss widens to Rs 37 cr, revenue down 13%")
Cashfree Payments rolls out AI-first module across core products
The new MCP server integrates large language models with Cashfree's APIs to automate merchant operations such as payment links and KYC verification
 "Cashfree Payments rolls out AI-first module across core products")
ED attaches NCR realty group's assets worth Rs 2,348 cr under PMLA act
The federal probe agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) to attach these properties
 "ED attaches NCR realty group's assets worth Rs 2,348 cr under PMLA act")
Airtel rolls out Business Name Display to prevent spam call confusion
Brand Name Display aims to prevent calls from banks, food delivery firms, and hospitals being wrongly tagged as spam and boost customer engagement
 "Airtel rolls out Business Name Display to prevent spam call confusion")