Page 4 - Company News

MUFG Bank not keen on raising Shriram Finance stake beyond proposed 20%

MUFG Bank said it will not raise its stake above the proposed 20 per cent in Shriram Finance and has no plans to invest in other Shriram Group entities, even as SFL approved a $4.4 billion deal

Shriram Finance shares touch all-time high after MUFG capital infusion

Shriram Finance shares rose to a record high after brokerages said MUFG Bank's proposed investment would sharply lift net worth, capital adequacy and support faster growth

1Point1 Solutions inks $33.37 mn deal to acquire Netcom contact centre firm

The total transaction value for the acquisition of 100 per cent ownership is $33.37 million, comprising an upfront payment of $25.41 million and an estimated earn-ouat of $8.25 million

Motilal Oswal Alternates invests $72 million in Sensa Core, minority stake

Founded in 2006, Sensa Core operates in the design, development, manufacturing and distribution of specialised in-vitro diagnostic (IVD) devices

Practo eyes $1 billion GMV as US push adds $250-300 mn ahead of IPO

Digital healthcare platform Practo is targeting a $1 billion annualised GMV run-rate by June 2026, with US operations expected to add $250-300 million as it gears up for an IPO by end-2026

Shapoorji Pallonji enters plotted development with ₹600 cr project in Pune

Shapoorji Pallonji Real Estate has launched Treetopia, a 105-acre plotted development in Pune with 483 residential plots and an estimated revenue potential of Rs 600 crore

PlasmaGen Biosciences bags ₹150 cr to scale int'l plasma therapeutics

Bengaluru-based PlasmaGen Biosciences raised ₹150 cr in a minority equity round led by ViNS Bioproducts at a valuation of over ₹1,500 cr to scale international operations

Granules India gets approval from USFDA for generic ADHD medication

The medication is indicated for the treatment of Attention Deficit Hyperactivity Disorder (ADHD) and has an estimated market size of around $172 million according to IQVIA (IMS Health)

Air India flight returns to Delhi after engine shuts down mid-air

Air India flight Al 887, which took off at 6.10 am, made an emergency landing at the Delhi airport around 6.52 am

Foxconn's iPhone factory near Bengaluru hires 30,000 in under a year

Apple supplier Foxconn's Bengaluru iPhone unit has added 30,000 jobs in months, mostly women aged 19-24, as iPhone production and exports from India scale up rapidly

Starbucks appoints Indian-origin Amazon veteran Anand Varadarajan as CTO

Varadarajan will take charge on January 19, join the company's Executive Leadership Team, and report directly to Chief Executive Officer Brian Niccol

L&T bets on green hydrogen, battery storage, T&D to drive utilities growth

L&T is scaling up its utilities business by focusing on green hydrogen, large battery storage projects and a booming transmission and distribution segment in India and overseas

Abundant intelligence, skilling to shape AI future: Microsoft India head

India's digital public infrastructure enables mass AI adoption, turning national scale into a global advantage, Chandok notes

JM Financial AMC expands AIF platform with ₹1,000 crore real estate fund

The AIF platform will offer specialised pools of capital across credit, real estate and pre-IPO opportunities, JM Financial Asset Management Ltd MD and CEO Amitabh Mohanty said

Cummins India sees strong opportunity from booming data centre market

A part of the US-based Cummins Inc, Cummins India Ltd is involved in the power generation, aftermarket, and export businesses with five manufacturing plants, assembly, and distribution facilities

Keystone Realtors to launch ₹3,000 crore ultra-luxury Mumbai project: CMD

Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country

Inox Clean Energy acquires Vibrant Energy's power portfolio for ₹5,000 cr

Inox Clean announced the execution of definitive agreements with Macquarie and other shareholders to acquire Vibrant Energy's total portfolio of 1337 MW, of which 800 MW is in operation

'Dividend is in my blood': Agarwal pledges payouts as Vedanta demerges

The demerger of metals-to-oil conglomerate Vedanta Ltd into separate listed entities is designed to sharpen focus, unlock value and keep cash returns flowing

Shapoorji Pallonji eyes ₹600 cr revenue from Pune housing plot project

SPRE, the real estate arm of business conglomerate Shapoorji Pallonji Group, has developed many group housing projects and is now expanding its portfolio

Titan expects watch biz to cross billion-dollar sales mark in next 2 yrs

Riding on the premiumisation wave, trend of revival of analogue watches, Titan is expanding the network of its Helios and the new Helios Luxe format