Page 341 - Company News
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%")
Macrotech Developers to launch Rs 19k crore housing projects this fiscal
Mumbai-based Macrotech Developers, which sells properties under 'Lodha brand', is one of the leading real estate firms in the country
 "Macrotech Developers to launch Rs 19k crore housing projects this fiscal")
Parliamentary panel seeks info on digital market competition from CCI, MCA
The Parliamentary Standing Committee on Finance, which is looking into 'Evolving Role of Competition Commission of India in the Economy, particularly the Digital Landscape', had a meeting on April 28
 "Parliamentary panel seeks info on digital market competition from CCI, MCA")
NMDC posts record 15% rise in iron ore production in April, sales grow 3%
NMDC said it produced 4 million tonnes (MT) iron ore in April, higher from 3.48 MT in same month last year
 "NMDC posts record 15% rise in iron ore production in April, sales grow 3%")
Corporate affairs ministry to remove 3,300 firms from official records
Out of the total, there are over 700 such companies in Maharashtra, nearly 500 in Delhi, more than 350 in Karnataka
 "Corporate affairs ministry to remove 3,300 firms from official records")
Jaguar Land Rover resumes car exports to US post Trump tariff pause: Report
The first shipments of JLR vehicles bound for the US for almost a month left Britain on Wednesday
 "Jaguar Land Rover resumes car exports to US post Trump tariff pause: Report")
Samsung India fights $520 mn tax demand, points to Reliance practice
Samsung becomes the second major foreign company in recent months to challenge an Indian tax demand
 "Samsung India fights $520 mn tax demand, points to Reliance practice")
Adani Ports aims to scale up marine, logistics, agri-logistics arms: CEO
Adani said that APSEZ, the flagship company of the Adani group, will invest Rs 13,000 crore in Vizhinjam International Seaport in phase 2
 "Adani Ports aims to scale up marine, logistics, agri-logistics arms: CEO")
IEX expects double-digit volume growth in FY26, driven by strong liquidity
The current financial year is likely to see a capacity addition of 11 GW on thermal side and up to 40 GW on renewable side that is expected to keep supply-side liquidity on exchanges strong
 "IEX expects double-digit volume growth in FY26, driven by strong liquidity")
Mahindra Holidays & Resorts India to add 850 rooms in FY26: CEO Manoj Bhat
The company, which added 520 rooms in FY25, could see a doubling of its capex in FY26 from the Rs 300 crore spent last fiscal year
 "Mahindra Holidays & Resorts India to add 850 rooms in FY26: CEO Manoj Bhat")
Maruti Suzuki making production lines flexible to roll out ICE, EV models
The country's largest carmaker Maruti Suzuki India is looking to add another 2 million units-production capacity by 2030-31
 "Maruti Suzuki making production lines flexible to roll out ICE, EV models")
Black Box targets doubling India revenue as digital demand surges
Essar Group's Black Box to double India headcount and revenue as it ramps up investment in AI-led digital infrastructure, public-sector tech and secure IT services
 "Black Box targets doubling India revenue as digital demand surges")
Bharti Airtel, Tata Group call off discussions for merger of DTH business
In the BSE filing, Airtel said this was because the two sides were not able to find a satisfactory resolution
 "Bharti Airtel, Tata Group call off discussions for merger of DTH business")
Shell weighs BP buyout as rival's stock weakens amid oil price slump
The oil major has been more seriously discussing the feasibility and merits of a BP takeover with its advisers in recent weeks
 "Shell weighs BP buyout as rival's stock weakens amid oil price slump")