Page 351 - Company News

ITC Hotels signs 14 Fortune Hotels, opens 7 new properties in FY25

As of March 31, 2025, Fortune brand had a portfolio of 78 hotels comprising 56 operational hotels across India and Nepal with 22 hotels in pipeline

IndusInd Bank says conducting internal review of microfinance business

IndusInd's shares, which have fallen 13% since the derivative accounting lapse was disclosed, closed 5% lower on Tuesday

6 PSUs seek govt nod to issue deep-discount bonds, long-tenor debt

These companies are Indian Railway Finance Corp (IRFC) , Indian Renewable Energy Development Agency (IREDA) , Power Grid Corp of India (PGC), REC, SIDBI and NABARD

Airtel to acquire 400 MHz spectrum from Adani Enterprises in 5G boost

Adani Data Networks secured the right to use 400 MHz of spectrum in the 26 GHz millimetre wave band in August 2022. However, the company never rolled out its 5G services

Sumadhura Group to invest ₹250 cr in 4 years for Bengaluru housing project

Spread over 3.25 acres of land, this landmark project is expected to generate a topline of Rs 500 crore

Arkade Developers Q4 sales bookings up 11% at Rs 217 cr; FY25 rises 20%

The amount collected from customers stood at Rs 716 crore in the last fiscal, up by 21.8 per cent when compared to the preceding year

Brigade Enterprises aims ₹175 cr revenue from 20 acre project in Bengaluru

In a regulatory filing on Monday, the company said it has signed a joint development agreement (JDA) for a plotted development project in Malur, East Bengaluru

ICICI Securities partners with TCS to upgrade retail trading platform

The collaboration will allow ICICI Securities to provide customers with an intuitive, state-of-the-art trading and wealth creation experience tailored to evolving market demands

Flipkart board asks CEO to cut costs as monthly cash burn nears $40 million

Flipkart board directs CEO Kalyan Krishnamurthy to halve the company's monthly cash burn from $40 million to $20 million as firm eyes IPO and plans to shift legal base from Singapore to India

Devyani International to acquire majority stake in 'Biryani by Kilo'

Jaipuria family-promoted Devyani International Ltd (DIL) will acquire a majority stake in Sky Gate Hospitality, which operates restaurants under the 'Biryani by Kilo' brand

₹10,000 cr Adani township coming up near Navi Mumbai Airport. Details

Adani Realty is planning a 1,000-acre township project near Navi Mumbai Airport, inspired by its Shantigram model

Alphabet may shift Pixel production to India amid US tariffs on Vietnam

Alphabet is considering moving part of its Pixel phone manufacturing from Vietnam to India to serve US markets, as tariffs make Vietnam less competitive

Metals tycoon Agarwal seeks mining reboot amid debt overhaul, Saudi push

Vedanta is also expanding the gamut of its operations by winning rights to mine critical minerals like nickel, chromium, platinum, and cobalt in India through November auctions

RIL buys up to ₹10,000 crore govt bonds as market expects softer yields

According to market participants, RIL may have bought between Rs 7,000 crore and Rs 10,000 crore worth of government bonds during the second week of April

Gensol Engineering fraud: Lenders may approach Economic Offences Wing

GEL, it's been alleged, submitted "conduct letters" and "no objection certificates" in the name of PFC and IREDA, which the lenders later discovered to have been forged by the company

Mahindra Logistics Q4 PAT jumps 67% YoY to ₹13.1 cr, revenue at ₹1,293 cr

The standalone PAT for the March quarter of 2023-24 was recorded at Rs 7.86 crore, Mahindra Logistics Ltd said in a statement

JSW breaks ground on 1,600MW power plant at Salboni in West Bengal

Chief Minister Banerjee described it as a "big moment", while Jindal said it was his "dream project"

Ex-Fortis promoter Shivinder Singh moves personal insolvency plea in NCLT

As most of his assets have either been disposed of or attached due to ongoing cases, he is unable to pay off his debts as a personal guarantor, Singh told the tribunal

Coal India signs pact with DVC for Rs 16,500 crore power project in J'khand

Ultra-supercritical power plants operate at higher steam temperatures and pressures than supercritical plants, leading to improved efficiency and reduced emissions

Muthoot Finance board approves interim dividend of Rs 26 per share

Besides, it recommended for approval of the shareholders, an increase in the borrowing powers of the Board of Directors for an amount up to Rs 2 lakh crore, it added