Page 471 - Company News

OPG Mobility to raise Rs 400 crore, gets into product portfolio expansion

The company, which underwent a rebranding exercise recently, will house its two-wheeler division under the 'Ferrato' brand and plans to launch two new electric scooters and one electric motorcycle

LICO Materials aims to triple revenue to Rs 100 cr in FY26, says CEO

This year, we're expecting about Rs 30 crore...In a commodity upswing, doing the same business, we could probably cross Rs 100 crore, Dolwani said

Indichip Semiconductors inks deal with Andhra for Rs 14,000 cr facility

This cutting-edge facility will focus on manufacturing Silicon Carbide (SiC) chips, contributing to India's technological advancement and sustainability goals

D-Mart appoints Anshul Asawa as CEO, Neville Noronha to step down in 2026

Asawa currently serves as Country Head of Unilever in Thailand and General Manager for the Home Care business unit in Greater Asia

Foxconn halts Chinese workers' deployment to India, sends Taiwanese staff

Foxconn halts deployment of Chinese workers to India, replacing them with Taiwanese staff amid delays in critical equipment shipments

PVUNL to commission three 800 MW units in phase-1 by Dec this year: CEO

Chief Executive Officer (CEO) of PVUNL, R K Singh on Friday said that the year 2025 would be a year of development and achievements for Jharkhand and Ramgarh

Supertech lender rejects settlement proposal; NCLAT to decide on insolvency

Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm.

Vedanta Resources secures $300 million loan commitment for debt refinancing

In September 2024, Vedanta Resources raised $900 million in its first dollar bond issue in more than two years and later raised $800 million through another dollar bond issue in November

India needs AI factories, to target accelerated computing: Nvidia MD

He added that just as India leapfrogged to mobile technology, the country should also shift faster to accelerated computing rather than general-purpose computing

Vodafone Plc exits Indus Towers, sells shares worth Rs 2,800 crore

The British telecom giant has paid back Rs 890 crore to lenders and acquired a stake worth Rs 1,910 crore in Vi

Infosys countersues Cognizant, its CEO in battle over misuse of information

Infosys, which filed this suit in the Northern District of Texas, has requested a jury trial and demanded triple the damages it claims to have suffered

JSW Paints open to inorganic opportunities: Sundaresan A S joint MD & CEO

On organic expansion, JSW Paints plans to invest Rs 1,000 crore in the next three to five years

Kotak fund invests Rs 940 cr in IPO-bound diagnostics chain Neuberg

Neuberg Diagnostics, promoted by GSK Velu, is planning to use the pre-initial public offering fundraise to boost its merger and acquisition ability

Blinkit launches 10-minute food delivery app 'Bistro' across Gurugram

The app is available on Apple's App Store and is currently ranked 12th in the food and drinks section

Adani Group raises Rs 4,850 cr from 13.5% stake sale in Adani Wilmar

Accordingly, the aggregate number of offer shares will be up to 19.50 crore (15.01 per cent) of which, up to 1.95 crore (1.50 per cent) would be available as part of the offer on January 13

HUL incorporates new subsidiary Kwality Wall's for ice cream business

The board of HUL decided to de-merge the ice cream business, based on the recommendation of the Independent Committee, which was formed by the FMCG major earlier in September 2024

Waaree Energies inks pact to acquire Enel Green Power India for Rs 792 cr

The EGPIPL owns solar and wind projects in India which includes about 640 MWAC (760 MWDC) operational and portfolio under development

A-I staff to carry out aircraft maintenance at domestic stations by Apr

Line maintenance works of the planes are carried at 55 domestic stations (airports) and the airline has been working on doing the activities in-house amid expanding fleet

JSW Energy completes acquisition of 125 MW renewables from Hetero group

The transaction values the Hetero's portfolio at an enterprise valuation of approximately Rs 630 crore, excluding net current assets and other adjustments under SPAs (Share Purchase Agreements)

Cognizant CEO discusses development of largest Indian campus with Odisha CM

He expressed happiness over the growth of the firm's existing centre in Bhubaneswar, and exuded confidence that it would grow further in the next five years, the statement said