Page 38 - Company News

Tata Power, DGPC to develop additional 404 MW hydropower project in Bhutan

As per the original MoU signed on November 19, 2024, the parties had agreed to collaborate on the development of at least 4,500 MW hydropower projects in Bhutan

Biocon Q4 result: Profit down 56.8% at ₹198.6 cr; revenue at ₹4,516.6 cr

The company had posted a consolidated net profit of ₹459.4 crore in the corresponding period previous fiscal, Biocon Ltd said in a regulatory filing

Piramal Finance planning to raise $1 billion via foreign currency loans

Piramal Finance Ltd will mainly tap foreign banks and multilateral agencies for the loan, with tenors ranging from three to five years, Chief Executive Officer Jairam Sridharan said

Bhavish Aggarwal's second coming? Ola bets big on electric motorcycles

The Ola Electric founder is attempting to rediscover his mojo and galvanise the market for electric motorcycles

Calcutta HC refuses plea for stay of arbitration award to Tata Motors

The Calcutta High Court refused an unconditional stay on Tata Motors' ₹765.78-crore arbitration award in the long-running Singur land dispute case

Not applying for NBFC licence, focus on distribution, says Paytm CFO

Company will instead focus on existing model of credit distribution, in partnership with other lenders

Kotak Mahindra Bank gets RBI nod to buy 9.99% each in AU SFB, Federal Bank

RBI clears Kotak Mahindra Bank to acquire up to 9.99% stake each in AU Small Finance Bank and Federal Bank through aggregate holdings

SBI plans up to $2 billion overseas bond raise; board meet on May 12

SBI's board will meet on May 12 to consider raising up to $2 billion through public offers or private placements of foreign currency bonds in FY27

Walmart says India sourcing has crossed $40 billion amid export push

Walmart CEO John Furner said the retailer is strengthening supplier capabilities, expanding exports and betting on India's fast-growing quick-commerce market

FMC Corp to sell India crop protection business to Crystal for $252 mn

FMC Corporation will sell its India crop protection commercial business to Crystal Crop Protection for $252 million as part of a strategy to cut debt and focus on growth markets

NeoLiv's Faridabad plotted project clocks ₹1,251 crore sales in hours

NeoLiv said its luxury plotted township project in Faridabad was sold out within six hours of launch, driven by HNIs, NRIs and investors

Airtel launches Secure Workforce, cybersecurity platform for enterprises

India's No 2 carrier claims solution to be India's first, fully-managed and unified Zero Trust Architecture (ZTA) security solution

Emami to acquire 60% stake in Vedix, SkinKraft parent for ₹321 crore

Emami will acquire a majority stake in IncNut Digital, owner of Vedix and SkinKraft, to strengthen its presence in the fast-growing beauty and personal care segment

Mahindra group appoints Vimal Agarwal as group chief internal auditor

Mahindra Group has appointed Vimal Agarwal as Group Chief Internal Auditor from July 1, 2026, as the conglomerate sharpens its focus on governance and internal controls

Mphasis sues Coforge in US court over hiring violations, client data access

Mphasis sues Coforge in a US court, alleging executive poaching and misuse of confidential client information tied to mutual client Charles Schwab

Wadhwa Group partners with Arisinfra Solutions for ₹650 cr project in MMR

Wadhwa Group has partnered with ArisUnitern RE Solutions for its Wadhwa Wise City township in Panvel to monetise inventory worth ₹650 crore

Govt likely to divest stake worth $1.06 billion in Coal India via OFS

The Indian government held a 63.13 per cent stake in Coal India as of ​March 31, according to LSEG data

BlackRock likely to invest in Shapoorji Pallonji unit dollar debt

The deal would be a private placement, and the launch timing could not be ascertained immediately. Deutsche Bank is the arranger

RECPDCL launches transmission tenders for Gujarat renewable projects

RECPDCL has invited bids for two interstate transmission projects to evacuate power from 21.5 GW renewable energy capacity planned across Gujarat

Iveco posts quarterly loss, says Tata takeover expected to close in Q3

The negative results follow the sale of Iveco's ​defence unit to Italy's Leonardo, which was finalised in ‌March