Page 340 - Company News
Oswal Group to invest ₹1,350 crore in Punjab realty over next 3 years
Vardhman Amrante to invest ₹1,350 crore in Punjab, developing commercial spaces and integrated residences in Ludhiana and Bhatinda through internal accruals and sales
 "Oswal Group to invest ₹1,350 crore in Punjab realty over next 3 years")
Shell-Reliance-ONGC JV completes India's 1st offshore decommissioning
The safe and responsible offshore decommissioning by the PMT JV marks a significant step forward for India's energy sector, said Sanjay Barman Roy, President, E&P, RIL
 "Shell-Reliance-ONGC JV completes India's 1st offshore decommissioning")
Biocon Biologics secures multiple market access coverage for Yesintek in US
Biocon Biologics' biosimilar Yesintek is approved for the treatment of Crohn's disease, ulcerative colitis, plaque psoriasis and psoriatic arthritis, and promises a cost-effective treatment
 "Biocon Biologics secures multiple market access coverage for Yesintek in US")
FMCG major Marico extends CEO Saugata Gupta's tenure for two years
Since 2014, Gupta has been continuing as the Managing Director and Chief Executive Officer of the company
 "FMCG major Marico extends CEO Saugata Gupta's tenure for two years")
Coforge Q4 results: Net profit jumps 16.5% to Rs 261 crore in March
It had posted a net profit (attributable to owners of Coforge Ltd) of Rs 224 crore in the year-ago period, according to a regulatory filing
 "Coforge Q4 results: Net profit jumps 16.5% to Rs 261 crore in March")
Epigral Q4 results: Net profit rises 13% YoY to Rs 87 cr in March quarter
For the full fiscal 2024-25, the company reported a 33 per cent year-on-year increase in revenue to Rs 2,565 crore
 "Epigral Q4 results: Net profit rises 13% YoY to Rs 87 cr in March quarter")
Essar Group firm Black Box earmarks Rs 100 cr to ramp up India presence
With India's data center capacity currently at just 800900 megawatts -- roughly equivalent to a single hyperscaler in the US -- Black Box sees a compelling long-term opportunity
 "Essar Group firm Black Box earmarks Rs 100 cr to ramp up India presence")
Vedanta Resources proposes to repay $920 million debt in FY26: CFO Goel
In a Q4 earnings conference call, Vedanta's Chief Financial Officer Ajay Goel said, "So $920 million is a debt repayment to do in the current year. Next year, FY27, it's about $675 million."
 "Vedanta Resources proposes to repay $920 million debt in FY26: CFO Goel")
Coal India signs MoU with UPRVUNL to set up solar power plant in UP
The development is a part of initiatives of Coal India Ltd in the green energy space and to meet the growing energy demand of Uttar Pradesh
 "Coal India signs MoU with UPRVUNL to set up solar power plant in UP")
Jubilant pulls ahead of KFC, McDonald's as Q4 earnings near: Analysts
Jubilant has already flagged a 12.1% increase in like-for-like sales in India in its quarterly update, which analysts say has benefited from its focus on online sales
 "Jubilant pulls ahead of KFC, McDonald's as Q4 earnings near: Analysts")
Ola brand IP may shift to Bhavish Aggarwal's family office amid restructure
Ola brand IP is currently owned by ANI Technologies, which handles Ola's ride-hailing operations, and is licensed to Ola Electric
 "Ola brand IP may shift to Bhavish Aggarwal's family office amid restructure")
Paras Defence, HAL drive Q4 earnings surge in India's defence stocks
Strong fourth-quarter results from private defence firms including Paras Defence and Bharat Dynamics lift sentiment amid expectations of robust FY26 order flows
 "Paras Defence, HAL drive Q4 earnings surge in India's defence stocks")
Govt preparing response to SC verdict on ₹19,700 cr JSW-Bhushan Power deal
The Supreme Court rejected JSW Steel's resolution of BPSL under the corporate insolvency resolution process, ordering the liquidation of the debt-laden company
 "Govt preparing response to SC verdict on ₹19,700 cr JSW-Bhushan Power deal")
Top steelmakers likely to rebid for distressed Bhushan Power & Steel assets
SC's order to liquidate Bhushan Power may prompt renewed interest from top steel companies, but investor concerns grow over reversals of long-settled IBC deals
 "Top steelmakers likely to rebid for distressed Bhushan Power & Steel assets")
SC ruling on BPSL resolution may reset IBC process as JSW plans review plea
"No prudent resolution applicant would submit a plan if there remains a lingering fear that some state authority might overturn it decades later", says Former IBBI chairperson M S Sahoo
 "SC ruling on BPSL resolution may reset IBC process as JSW plans review plea")
Apple likely to ring in nearly $40 billion iPhones from India in FY26
Could meet 80% of US demand and full domestic demand
 "Apple likely to ring in nearly $40 billion iPhones from India in FY26")
BluSmart drivers hit the streets for compensation and job guarantee
After BluSmart's abrupt shutdown, drivers protest in Delhi seeking severance pay, employment guarantees and the right to unionise amid growing concerns over gig worker rights
 "BluSmart drivers hit the streets for compensation and job guarantee")
Tejas completes ₹7,492-cr BSNL deal to set up 100,000 4G, 5G sites
The company won the Rs 7,492-crore deal after completing extensive trials as part of a consortium led by TCS
 "Tejas completes ₹7,492-cr BSNL deal to set up 100,000 4G, 5G sites")
Azad Engineering inks $54 mn pact with GE Vernova's Steam Power Services
The pact comes on the heels of the inauguration of the company's 7,600 sq m lean manufacturing facility dedicated to meeting volume capacity obligations, it said
 "Azad Engineering inks $54 mn pact with GE Vernova's Steam Power Services")
Container cargo surge propels Kolkata Port's April 2025 growth at 45%
A key driver of this growth was a 31.18 per cent surge in container traffic, with the port handling 75,716 twenty-foot equivalent units (TEUs), up from 57,717 TEUs in April 2024, the port said
 "Container cargo surge propels Kolkata Port's April 2025 growth at 45%")