Page 37 - Company News

Succession, scrutiny and stress tests in a year of corporate governance

It was a year marked by airline disruptions, trust battles, inheritance feuds and a Supreme Court turnaround that tested the foundations of corporate governance

Lockheed Martin pitches C-130Js as best fit for IAF's airlift requirement

If Lockheed Martin gets the opportunity, then it will set up a mega hub in India to produce the "iconic" aircraft and it will be the first such global facility outside of the US

NCLT approves Ambuja Neotia's plan to revive Usshar project in Kolkata

The Usshar project had been in a state of limbo for several years with no progress in construction, leaving hundreds of homebuyers in uncertainty

Ola Electric steps up deliveries of '4680 Bharat Cell' vehicles in 4 states

With its own 4680 Bharat Cell battery packs in the vehicles, Ola Electric is now India's first company to fully own the cell and battery pack manufacturing process in-house

NCLAT quashes NCLT order rejecting Culver Max plea, directs fresh hearing

The NCLAT has remanded the matter back to the Cuttack bench of the National Company Law Tribunal (NCLT) to hear it afresh

PMO directs Coal India to list all subsidiaries by 2030 to boost governance

The move aims to streamline governance, enhance transparency and unlock value through asset monetisation in the coal PSU

Fittr eyes preventive healthcare, plans to set up diagnostic labs: CEO

The firm has earmarked investment of up to ₹15 crore to set up company-owned diagnostic laboratories in five metro cities

NCLAT rejects insolvency plea against Jumbo Finvest, upholds NCLT order

Appellate tribunal NCLAT has rejected Equitas Small Finance Bank's appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter.

Coforge to buy AI firm Encora for $2.35 billion in all-stock deal

All-stock deal is the biggest acquisition by an Indian IT firm in ER&D space

Titan forays into lab-grown diamond jewellery market with beYon brand

Titan will launch beYon, its lab-grown diamond jewellery brand, later this month, even as its flagship brand Tanishq continues to promote natural diamonds with De Beers

Tata Steel's Dutch arm faces €1.4 bn lawsuit over alleged pollution claims

Tata Steel called the allegations speculative, saying it will 'vehemently' defend itself as the environmental group sues the company

Karnataka HC stays ED action against Embassy Group chairman in PMLA case

The petition assails the Enforcement Case Information Report (ECIR) dated March 25, 2025, along with consequential summons issued by the ED

Ninjacart posts Rs 256-cr loss in FY25, revenue drops to Rs 1,634 cr

In a statement on Friday, the company said its operating revenue declined to ₹1,634 crore in the 2024-25 fiscal year from ₹2,007 crore in the preceding year

Coforge announces $2.35 billion acquisition of US-based AI firm Encora

The acquisition will be funded through a preferential issue of equity shares worth about $1.89 billion, following which Encora's shareholders are expected to own around 20% of Coforge's share capital

Dutch NGO seeking $1.6 bn for alleged health damage, says Tata Steel

Stichting Frisse Wind.nu has submitted the legal papers initiating the lawsuit at the District Court North Holland in Haarlem, according to a Tata Steel statement

Titan to enter lab-grown diamond segment with brand name 'beYon'

Focusing on the emerging segment of affordable lab-grown diamonds in the country, the company will open a store in Mumbai on December 29

Andhra govt issues NOC to Vedanta to drill 20 onshore oil, gas wells

According to the order, the NoC can be issued only from the irrigation point of view and is purely temporary in nature

Infosys offers ₹21 lakh entry-level packages: What freshers need to know

Infosys has raised fresher salaries to as high as ₹21 lakh per annum for specialised technology roles as part of its AI-first strategy, expanding early-career hiring and targeting 20,000 graduate recr

Zepto to approach Sebi with confidential DRHP, plans 2026 listing

If the listing goes through, Zepto will join its rivals Zomato and Swiggy, both of which are already listed on the exchanges

Ola Electric secures ₹367 crore incentive under India's auto PLI scheme

The sanction pertains to the Demand Incentive for the Determined Sales Value for FY 2024-25, and authorises a payment of ₹366.78 crore to be released through IFCI Limited