Page 405 - Company News

CCI clears US PE firm TPG's proposal to acquire stake in Schott Poonawalla

Schott Poonawalla is engaged in the business of designing and manufacturing primary packaging solutions for pharmaceutical and biotech industries

India vital to Hyundai's 2 mn EV goal by 2030, says CEO Jose Munoz

He highlighted that the company is committed to increasing investments in EVs and advanced technology with a customer-centric approach

Danfoss Power Solutions begins work on ₹1,000 cr manufacturing unit in Pune

This strategic investment will double the company's manufacturing footprint in India, driving innovation and supporting sustainability initiatives

Adani Wilmar to buy GD Foods to expand its value-added products portfolio

The edible oil major also said the 'Tops' brand is among the top three players in the tomato ketchup and pickles category

Pressure on operating margins may have forced Cognizant to defer pay hikes

The move, for the second consecutive year, comes even as the company said last month that its outlook for the healthcare and financial services business had improved for this financial year

Astranova Mobility targets $1 billion in sustainable transport assets

The future of sustainable mobility will involve multiple technologies, says commercial vehicles operator

PhysicsWallah to offer AI-powered NEET, JEE courses in five local languages

Announced at Vishwas Diwas, PW's annual flagship event, Project Bharat aims to bridge language barriers, especially in rural and non-Hindi/English-speaking regions of the country

Adani Wilmar announces acquisition of Tops parent GD Foods in phased deal

In FY24, GD Foods achieved a revenue of Rs 386 crore, growing at a three-year CAGR of 15 per cent, and recorded an EBITDA of Rs 32 crore

Ola Electric gets IFCI notice for missing PLI-ACC scheme milestones

Ola Electric Mobility Cell Technologies, a wholly-owned subsidiary of the company, had entered into a programme agreement with the Ministry of Heavy Industries for availing the scheme

CVC Capital Partners closes $4.85 billion strategic opportunities fund

The fund has maintained the size of its predecessor while expanding its investor base, according to a company press statement

Byju Raveendran faces legal risks after US court ruling on fund fraud

Lenders may argue that as the ultimate decision-maker, Raveendran had knowledge of or actively participated in the diversion of funds, potentially justifying a 'corporate veil-piercing' claim

Tata Capital seeks approval for related party deals with Tata Steel, TCS

Under the factoring arrangement, Tata Steel discounts its sales receivables with Tata Capital (TCL) arising from goods sold on credit to customers

RIL's KG-D6 basin arbitration case highlights gaps in government's approach

The final outcome of all arbitral cases have gone in favour of the government; ironically, the finance ministry itself advised departments to exercise caution when challenging awards for larger cases

Bharat Value Fund invests Rs 130 cr in Veira Electronics in pre-IPO round

The fresh funding will help in the expansion of Veira Group, which operates two facilities in Noida, Uttar Pradesh, with a production capacity of up to 3 million TVs annually

Reliance Industries seeks extension for EV battery-making plant setup

Reliance had previously indicated the second half of 2026 as the timeline to launch operations at its battery Gigafactory in Jamnagar

Apollo Hospitals partners with Ion Beam Applications for proton therapy

As per the study published in The Lancet Regional Health, worldwide in terms of absolute incidence number, following China and the US, India ranks third, contributing 7.5 per cent of all new cancers

Maharashtra GST authorities conduct searches at 3 offices of RBL Bank

GST authorities conducted searches at three offices of RBL Bank in Maharashtra, the private sector lender has said.

Senores Pharma to acquire 14 ANDAs from Dr Reddy's for US markets

Senores Pharmaceuticals MD Swapnil Shah said the acquired molecules span multiple therapeutic areas with growing consumption

IIFL Finance accepts $100 million in reissue of 8.75% 2028 dollar bonds

The company initially sold the notes, which had a maturity of three years and six months, in January, raising $325 million

MS Dhoni's family office invests in real estate firm platform SILA

SILA said the investment will help accelerate growth, further strengthening its network and expanding its presence across India's evolving real estate landscape