Page 426 - Company News

Sun Pharmaceutical seeks shareholder nod for RPTs worth $1 billion

A key component of the transactions includes a $650 million funding arrangement for its U.S. subsidiary, Sun Pharmaceutical Industries Inc. (SPI Inc.), to support business expansion

Anil Agarwal's Vedanta seeks top talent for newly formed companies

Co has seen slew of high-level exits

Vedanta raises Rs 2,600 crore through non-convertible debentures

Vedanta has allotted 54,000 rupee-denominated unsecured, redeemable, rated, listed, non-convertible debentures of face value of Rs 1 lakh each, aggregating to Rs 540 crores

Emmvee Energy to invest Rs 15,000 cr in K'taka for solar manufacturing unit

Emmvee Energy will initially invest Rs 5,000 crore to set up a facility with a 5 GW power generation capacity, creating 10,000 jobs

Samsung seeks TN govt's help after striking workers try to 'disrupt ops'

Union workers went on a strike on February 5 over suspension of three union leaders, demand their reinstatement

Tata Power partners with Amazon Web Services for smart energy transition

Tata Power's partnership with AWS exemplifies digital-first approach, harnessing cloud computing, artificial intelligence (AI), and IoT to build a smarter, more efficient power ecosystem

Hitachi Energy India seeks shareholders' nod to increase borrowing limit

The company's current borrowing limit is Rs 6,500 cr -- Rs 5,000 cr towards non-fund based and Rs 1,500 cr towards fund-based limits from its bankers/financial Institutions or from anyone

Skoda Volkswagen will have to fall in line on tax demand: Customs to HC

A division bench of Justices B P Colabawalla and Firdosh Pooniwalla was hearing a petition filed by the company, challenging the tax demand notice by terming it as "arbitrary and illegal"

ZEISS India teams up with IISc to advance AI research in eyecare

This collaboration will propel improvements in eyecare solutions from India for the world, considering the rising prevalence of vision impairments worldwide

Tata Motors announces special offers on EVs as Tesla prepares India entry

Tata Motors is offering an exchange bonus of up to Rs 50,000, 100 per cent on-road financing with zero down payment, and more

Mercedes-Benz cuts costs, renews focus on combustion engine models

The German luxury carmaker will release 19 new combustion engine models and 17 battery-electric cars by the end of 2027

Adani Group touts cash, strong Ebitda growth to reassure investors

Adani said its gross assets to net debt ratio improved to 2.7 times during the first half of the current fiscal year compared to 2.63 times in the previous year

Google close to finalising India sites for first retail stores outside US

Google currently has only five physical stores, all in the United States, which sell its products such as Pixel phones, watches and earbuds

Crompton aims for billion-dollar sales club in FY25, outlines new vision

Crompton Greaves is quite encouraged by its last three quarters, in which the leading fans and water pump maker reported double-digit growth despite challenging market conditions

Samsung urges Tamil Nadu to ensure business stability amid labour strike

The strike at Samsung's Sriperumbudur manufacturing facility near Chennai involves over 500 workers protesting the suspension of three office bearers of the Samsung India Workers' Union

Hiranandani Group enters Pune market with Rs 7,000 crore JV project

The company will develop a 105-acre integrated township in Hinjewadi, Pune

L&T secures major Hindalco order to build alumina refinery in Odisha

The order has been secured by its Minerals & Metals (M&M) business vertical, Larsen & Toubro (L&T) said in an exchange filing

TikTok layoffs staff at trust and safety unit as part of restructuring

Last year, the company laid off hundreds of employees from its global workforce, including a large number of staff in Malaysia as it shifts focus towards a greater use of AI in content moderation

Krones to build Rs 315 cr manufacturing plant in Karnataka, create 550 jobs

This project is part of the Rs 10.27 trillion investment proposals signed during the recently concluded Global Investors Meet (GIM)Invest Karnataka 2025

Air India, Lufthansa expand codeshare, add 60 routes across India, Europe

Air India and the three Lufthansa Group carriers are members of Star Alliance