Page 36 - Company News

Customs joins Centre's case against Adani over airport nicotine pouch sales

Customs has told Bombay HC that duty-free shops enjoy tax benefits but remain subject to domestic regulations, backing health ministry's challenge to nicotine pouch sales at Adani-operated airport

Prestige Q1 pre-sales fall to ₹6,579 crore as sales volume drops 37%

Prestige Estates' residential pre-sales declined on a strong year-ago base, though collections rose 6.2 per cent and Hyderabad contributed nearly half of quarterly sales

NPCIL-NTPC JV invites bids to build core of Mahi Banswara nuclear project

The project at Mahi Banswara will be the country's first nuclear generator that is not fully-owned by Nuclear Power Corp., which currently operates India's entire atomic energy capacity of 8.8 gigawat

Foreign ownership in Adani Enterprise hits record low as locals buy

Foreign portfolio investors held a combined 8.8% stake at the end of the June quarter, the lowest since 2009 when Prime Infobase began tracking the data

TCS, Google Cloud partner to launch Gemini experience centre in Kolkata

The Kolkata centre will enable enterprises in retail, consumer packaged goods, and travel, tourism and hospitality to co-create, test and scale AI-led solutions

Air India revamps mobile app with India-specific payment features

The main enhancements in the app pertain to assistance during flight disruptions, payment system updates and in-house internet booking engine, according to Air India

HDFC Mutual Fund buys 1.43% stake in Jupiter Life Hospitals for ₹139 crore

HDFC Mutual Fund acquired 937,000 shares, representing a 1.43 per cent stake in Jupiter Life Line Hospitals, through block deals

NPCIL denies sensitive data breach at Kudankulam nuclear power plant

NPCIL said the information claimed to be available in the public domain pertains only to Balance of Plant common service facilities and does not relate to any nuclear related information

CSM Technologies secures World Bank-backed Malawi project worth ₹3.2 crore

The ₹3.2 crore assignment will replace manual auction processes with a secure digital system, supporting transparent procurement and wider digital inclusion in Malawi

Laundry infra company Quick Clean raises ₹133 crore in Series B round

Stakeboat Capital led the ₹133 crore Series B round, with existing investors participating, as Quick Clean plans AI-led expansion across India and overseas markets

Tata Motors seeks changes to draft CAFE norms over credit mechanism

Tata Motors has urged the Centre to revise draft CAFE norms, saying the proposed credit mechanism could make non-compliance cheaper than cleaner technology investments

Covering 'missing middle' can fix India's insurance gap: Sangita Reddy

NATHEALTH president also pitches prevention-led insurance, PPPs and a national mission to scale medical value travel

Former LIC CFO Sunil Agrawal appointed SBI chief financial officer

State Bank of India has appointed former LIC finance chief Sunil Ramgopal Agrawal as chief financial officer. He will take charge from August 1, 2026

Tata Capital raises $400 mn via 3.5-year overseas bond at T+107 bps

Tata Capital has raised $400 million through a 3.5-year overseas bond, with robust investor demand helping tighten pricing by 33 basis points from initial guidance

Brigade Enterprises to raise ₹1,500 crore through private NCD issue

Brigade Enterprises' board has approved raising Rs 1,500 crore through privately placed non-convertible debentures and Rs 180 crore via convertible warrants

Amara Raja commissions ₹500-crore battery CQP facility in Telangana

Amara Raja has commissioned a Rs 500 crore Customer Qualification Plant in Telangana to validate lithium-ion cells ahead of commercial-scale battery manufacturing

Cadila Pharma says no curbs on Aciloc products, affirms compliance

Cadila Pharmaceuticals said Aciloc 150+ and Aciloc 300+ remain available without any restrictions on manufacture or sale, while reaffirming compliance with regulatory requirements

Open Vision Engineering raises $11 million from Accel, Y Combinator

The AI hardware company will use the funding to expand its design and engineering teams, develop new device formats and strengthen the Pocket product platform

Sun Pharma gets South Africa approval for generic semaglutide, launch soon

Sun Pharma has secured South Africa's approval for its generic semaglutide injection and plans to launch the once-weekly diabetes treatment in the coming days

Union Bank of India's Net profit rises 29.5% YoY for Q1FY27; NII up 10%

Union Bank of India's Q1FY27 profit rose nearly 30 per cent as net interest income grew, margins improved and asset quality strengthened during the June quarter