Page 38 - Company News
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
 "Ola Electric secures ₹367 crore incentive under India's auto PLI scheme")
Samsung rules out India IPO, bets on AI, consumer finance for growth
Samsung runs its largest smartphone manufacturing facility in the world in Noida, which has evolved into a key export hub in recent years
 "Samsung rules out India IPO, bets on AI, consumer finance for growth")
AWS denies global outage report, says services functioning normally
The outage left many users in the US unable to access gaming platforms such as Fortnite, Rocket League and other Epic Games titles
 "AWS denies global outage report, says services functioning normally")
Sun Pharma unit recalls 17,000-plus bottles of antifungal shampoo in US
The USFDA said the affected batch of Taro shampoos failed to meet impurity or degradation specifications
 "Sun Pharma unit recalls 17,000-plus bottles of antifungal shampoo in US")
Zepto preparing to confidentially file draft IPO papers tomorrow: Details
Founded nearly six years ago, Zepto is likely to become one of the youngest startups in India to launch an initial public offering
 "Zepto preparing to confidentially file draft IPO papers tomorrow: Details")
Domain-led growth key as AI blurs line between engineering, IT: Tata Tech
Tata Technologies is embracing the changes and challenges by focusing on its domain expertise and portfolio of services that it offers to its customers
 "Domain-led growth key as AI blurs line between engineering, IT: Tata Tech")
CCPA fines Vision IAS ₹11 lakh for misleading ads in case of repeat offence
Projecting claims without proper authorisation or consent from students further compounded the misleading nature of the advertisements
 "CCPA fines Vision IAS ₹11 lakh for misleading ads in case of repeat offence")
Adani Group seals ₹80,000 cr in deals since 2023 short-seller crisis
Analysts said improved transparency and sustained engagement with lenders have helped stabilise funding access
 "Adani Group seals ₹80,000 cr in deals since 2023 short-seller crisis")
Signature Global to invest ₹4,800 crore on new housing project in Gurugram
In the first phase, the company is offering 50 per cent of the total units for sale in a price range of ₹3-4 crore per unit
 "Signature Global to invest ₹4,800 crore on new housing project in Gurugram")
BP agrees to sell 65% stake in Castrol to Stonepeak for $6 billion
The oil major to sell $20 billion worth of assets to help slash its net debt from $26 billion to between $14 billion and $18 billion by the end of 2027
 "BP agrees to sell 65% stake in Castrol to Stonepeak for $6 billion")
Bharti Enterprises, Warburg Pincus to acquire 49% stake in Haier India
Deal likely values home-appliance maker at ₹15K cr; China parent stays largest shareholder
 "Bharti Enterprises, Warburg Pincus to acquire 49% stake in Haier India")
Brookfield signs built-to-suit office deal with JPMorgan Chase in Powai
Brookfield Properties has signed a 20-year built-to-suit lease with JPMorgan Chase for a Powai campus, part of a $1 billion investment to develop the bank's Asia's largest GCC
 "Brookfield signs built-to-suit office deal with JPMorgan Chase in Powai")
Embassy REIT raises ₹530 crore through divestment at Manyata Business Park
The divestment of nearly 376,000 sq ft at Embassy Manyata is expected to boost distribution per unit and support Embassy REIT's capital recycling strategy
 "Embassy REIT raises ₹530 crore through divestment at Manyata Business Park")
HC stays action by 3 banks against Anil Ambani, Reliance Communications
The action was based on a forensic audit report prepared by an external auditor, BDO LLP, noted Justice Milind Jadhav
 "HC stays action by 3 banks against Anil Ambani, Reliance Communications")
Sanction-hit Nayara delays Vadinar oil refinery maintenance work
The private refiner will delay planned works and the closure of its 400,000 barrels-a-day complex from February until April 2026, according to people familiar with the matter
 "Sanction-hit Nayara delays Vadinar oil refinery maintenance work")
Samsung seeks PLI extension, eyes display manufacturing expansion in India
While Vietnam remains the company's main global manufacturing hub, Samsung's Southwest Asia President JB Park said India could see more investment if demand rises naturally
Coca-Cola India bottler HCCB to cut 300 jobs across sales, supply chain
Around 4-6 per cent of HCCB's workforce is being cut as part of a restructuring drive, impacting teams across sales, supply chain, distribution and plant operations
 "Coca-Cola India bottler HCCB to cut 300 jobs across sales, supply chain")
Industry may be flat in 2026; we aim for double-digit growth: Samsung India
Samsung India expects the consumer electronics industry to stay flat in 2026 amid a weak rupee and inflation concerns, but says it is targeting double-digit growth led by TVs and ACs
 "Industry may be flat in 2026; we aim for double-digit growth: Samsung India")
Tata Motors' EV arm to launch five new models by FY30; capex Rs 18,000 cr
Tata Passenger Electric Mobility plans five new EV models by FY30 and Rs 16,000-18,000 crore capex on products, technology and charging infrastructure as Tata EV sales cross 250,000 units
 "Tata Motors' EV arm to launch five new models by FY30; capex Rs 18,000 cr")
APSEZ completes acquisition of NQXT Australia, revises FY26 Ebitda guidance
Adani Ports and Special Economic Zone has completed the NQXT Australia acquisition and raised FY26 Ebitda and cargo volume guidance, citing the terminal's growth and cash flows
 "APSEZ completes acquisition of NQXT Australia, revises FY26 Ebitda guidance")