Page 396 - Company News

Hyundai's Rs 31,526 crore related-party transactions under scrutiny

Proxy advisory firms divided over supporting the transactions

JSW group to raise Rs 1,487 crore for setting up EV unit in Maharashtra

The automotive facility is expected to have a capacity to make 10,000 e-buses and 5,000 e-trucks per annum

PepsiCo plans to double India revenue in 5 yrs, invest in boosting capacity

India is one of the "key anchor markets" for the New York-headquartered food, snack, and beverage multinational, where it re-entered in the 1990s after a gap of 28 years

Haier targets $2 billion sales in India in 3-4 years, to invest Rs 1,000 cr

With this new plant, Haier India's capacity would increase to 4 million units per annum from the present 1.5 million units, besides increasing domestic value addition

Locks and Architectural Solutions aims Rs 2,500 crore in revenue by 2028

Motwani pointed out that consumers prioritise accessibility and convenience, making e-commerce and quick commerce integral to its growth strategy

DLF to invest Rs 6K cr to construct office, retail spaces in Gurugram

According to sources, the total investment in the construction of this office complex and a shopping mall would be around Rs 6,000 crore

Religare Enterprises withdraws NCLAT petition against CCI order

This comes after the Burman Family, through its investment firms, gained a controlling stake in Religare Enterprises Limited (REL) after acquiring 25.16 per cent of shares through an open offer

Rapido plans 500-city expansion, sees strong mobility growth: Co-founder

The commute app, which offers about 33 lakh rides every single day on its auto, bike taxi, and cab services expects to grow "sustainably"

Playbook Partners to invest $20 mn each in 12-15 companies over 2 years

The firm's investment portfolio includes companies like Myntra, PolicyBazaar, InMobi, Nazara Technologies, Rapido, and Renee, among others

ONGC's OPaL exits from Dahej SEZ, aims to tap into booming local market

High debt and unlucractive exports had pushed OPaL into the red, as it made a loss of Rs 3,546 crore in the 2023-24 fiscal year and Rs 2,392 crore loss in the first nine months of the current year

USFDA flags Granules India for storage, equipment lapses at Telangana plant

This warning letter summarises significant violations of Current Good Manufacturing Practice (CGMP) regulations for finished pharmaceuticals, the USFDA said

Virgin Group aims to raise $900 million to fund Eurostar rival: Report

Virgin Group intends to raise 300 million pounds in equity and 400 million pounds in debt and plans to be a cornerstone equity investor in the project

Ultraviolette may invest up to $100 mn in 4 yrs, eyes 100k annual sales

By the second half of this year the company is targetting sales of 1,000 units a month and is targetting an annual sales of 30,000 units next year

BL Agro launches Rs 1,000 crore dairy breeding project in Bareilly

The project, "Satat Kamdhenu", with a focus on circular practices in dairy sector was unveiled on the occasion

Digantara commissions world's first commercial space surveillance satellite

Digantara had launched the space surveillance satellite SCOT (Space Camera for Object Tracking) on January 14 aboard SpaceX's Transporter-12 rocket

Company on track to achieve 30% women in workforce by 2030, says Vedanta

Notably, 28 per cent of its women representation is in decision-making roles, highest among metals and mining companies in the country

Microsoft conducts ground breaking ceremony of proposed Noida campus

With the proposed Noida campus, Microsoft will continue its momentum of strengthening India's AI capabilities and supporting engineering talent and digital innovation

Shiv Nadar gifts 47% of his stake in HCL, Vama Delhi to daughter Roshni

By virtue of her stakes in Vama Delhi and HCL Corp, she will become the largest shareholder of HCL Infosystems Ltd and HCL Tech

South City Mall-Blackstone deal speculative, no urgency: Consortium partner

South City Projects is a consortium of prominent real estate developers like Merlin Group, Sureka Group, Emami Group, Park Chambers Group, and Shrachi Group. South City Mall is its flagship project

SpiceJet in trouble as 3 aircraft lessors, ex-pilot file insolvency pleas

SpiceJet, during the proceedings of the National Company Law Tribunal, earlier this week, sought some time to resolve the matter as settlement talks were going on