Page 489 - Company News

UltraTech to buy 8.69% stake in Meghalaya-based Star Cement for Rs 851 cr

Aditya Birla Group company to expand presence in East India with new acquisition

Air India to strengthen practices in 2025, become profitable: CEO

Wilson stated that the Group employs 30,000 people who help its two airlines fly over 60 million passengers annually to more than 100 destinations within India and internationally

DGCA suspends Akasa Air's directors of training, flight ops over lapses

The regulator said an audit found that navigation skills of pilots were being conducted on simulators that weren't qualified for that kind of training

APSEZ places order with Cochin Shipyard for 8 tugs in Rs 450 cr deal

Delivery of these boats will start from December 2026, and will continue till May 2028, the company said

JSW Energy inks deal to acquire O2 Power at $1.47 bn enterprise value

JSW Energy said the latest acquisition will increase the company's locked-in generation capacity to 24,708 MW, from the current 20,012 MW

SBI-SG Global pays Rs 29.25 lakh, settles FPI violation case with Sebi

The order came after SBI-SG Global Securities Services submitted a settlement application, requesting for settlement of the adjudication proceedings under the Sebi's settlement regulations

NTPC partners with CCTE to explore thorium-based nuclear energy solutions

The move aligns with NTPC's efforts to venture into nuclear energy and use it as a clean, dispatchable, and baseload source of energy to support this endeavour

OpenAI board considers plan for a more conventional for-profit business

The board is evaluating a plan that would turn OpenAI's business into a public benefit corporation - an entity free to pursue income but with the goal of bettering society

Grihum Housing Finance plans to raise funds up to Rs 5k cr via NCDs in CY25

We aim to raise approximately Rs 4,500-Rs 5,000 crore over the next 12 months, with a significant portion targeted through capital markets for a tenure of 3-4 years, says Manish Jaiswal

Sebi clarifies norms on transfer of shareholding in registered entities

Transfer of shareholding by way of transmission to an immediate relative will not result in a change in control

Utkarsh Small Finance Bank looking to sell Rs 355 cr of microfinance loans

The bank has set a reserve price of Rs 52 crore for the assets it is putting up for sale, which would translate into a recovery of 14.64%

Sebi fines Jaiprakash Power for misrepresenting co's financial statements

This came after the regulator conducted an investigation in the matter of Jaiprakash Power Ventures Ltd (JPVL), a part of the Jaypee Group of companies, to ascertain the possible violations of PFUTP

Legendary figure in automotive sector: PM condoles Osamu Suzuki's demise

Osamu Suzuki, the man who took a risk and bet on India when no one else believed in having a viable automobile company in the country, has died at the age of 94

NCLT directs initiation of insolvency proceedings against Hero Electric

The Delhi-based bench of NCLT rejected the contentions of Hero Electric of a pre-existing dispute with the operational creditor saying that it was "not just a moonshine or feeble legal argument"

Hero, Harley-Davidson extend ties to expand X440 and build new bike

Hero MotoCorp and Harley Davidson collaboration, ongoing since 2020, will cater to domestic and selected international markets

Govt issues allocation order to Hindalco Industries for coal mine in Odisha

With an estimated capital investment of Rs 1,800 crore, the mine will significantly augment domestic coal production and contribute to strengthening energy security

Max Estates sells luxury residential properties worth Rs 845 cr in Noida

The project, combining both phases, now comprise four towers with 268 units, spanning 10 acres and a total booking value of about Rs 2,700 crore

Fortis Healthcare appoints Leo Puri as new Chairman its Board of Directors

At present, Puri serves on the boards of industry-leading organisations, including Tata Sons, Hindustan Unilever, and Dr. Reddy's Laboratories, further demonstrating his extensive expertise

NBCC gets Rs 300 cr order in Varanasi, Rs 44 cr contract at Aiims Gorakhpur

In total, NBCC said it has secured the work order in normal course of business amounting Rs 368.75 crore

Air India to roll out key initiatives in 2025, may turn profitable: CEO

Air India group operates 300 aircraft across both brands, flying over 60 million customers annually to more than 100 destinations in India and around the world