Page 5 - Company News

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

Data breach case: US court approves Infosys McCamish's $17.5 mn settlement

In February 2024, Bank of America named Infosys McCamish Systems as the source of a data breach that it said affected 57,028 customers

UltraTech Cement receives ₹782.2 cr GST demand over alleged short payment

UltraTech Cement on Saturday said it has received a GST demand notice for a total payment of Rs 782.2 crore, which it plans to contest before the appropriate forum.

India must lead in AI while prioritising empathy in tech adoption: Ambani

The Chairman and Managing Director of Reliance Industries said the largest Indian corporate is at the "doorstep" of solving India's energy challenge with solar energy and storage solutions

RBI has allowed compounding of Fema case against Genpact India: ED

The agency had filed a complaint against the company in October 2018 for alleged contravention of the Foreign Exchange Management Act (FEMA) to the tune of about Rs 26 crore

ED questions Anil Ambani's son Jai for 2nd day in money laundering case

The companies involved included Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL)

Fortis acquires 125-bed People Tree Hospital in Bengaluru for ₹430 crore

Healthcare chain to invest Rs 840 crore to expand the facility's capacity to 300 beds, eyes over 1500 beds in the city by 2028

Parle Agro FY25 result: Profit up over 6-fold at ₹115 cr, revenue rises 5%

Parle Agro's revenue from domestic sales was Rs 3,214.27 crore, and exports were at Rs 30.07 crore in FY25

Tejas Networks' D2M tech gaining ground, in talks with global players

Globally, we are in talks with a couple of operators, but those negotiations are at fairly initial stages of understanding the technology, said Arnab Roy

SFIO questions IndusInd Bank executives on accounting discrepancies

The MCA ordered an SFIO probe into IndusInd after statutory auditors and forensic reports flagged major accounting lapses

Adani group plans to invest ₹1 trn in airports, infra facilities in 5 years

At present, AAHL operates seven airports in Mumbai, Ahmedabad, Lucknow, Jaipur and Guwahati. The NMIA would be its eighth airport

Avendus Capital founders eye $35 million each after Mizuho Financial deal

The deal shows how finance founders in India are getting rich as the sector's rapid growth attracts a wave of mergers and stock listings

Piramal Finance to sell 14.72% stake in Shriram Life for ₹600 crore

The transaction is expected to close in the quarter ending March 31, 2026, subject to receipt of requisite regulatory approvals

Delhi HC quashes fraud tag on bank account linked to Jai Anmol Ambani

The court held that this could not amount to proper service and concluded that no notice had, in fact, been served before the adverse decision was taken

Cipla to exclusively market and distribute five Pfizer brands in India

Cipla will exclusively market five Pfizer brands in India, adding ₹400-430 crore of established acute therapies to its portfolio without manufacturing risk

Krafton plans ₹6,000 crore fund for Asian tech firms, India in focus

Krafton's investment in the form of the new investment fund comes at a time when the company is accelerating its presence in the region

Cert-In flags multiple vulnerabilities in Apple's iPhone, iPad OS

These vulnerabilities, Cert-In said, could leave Apple users at risk of unauthorised access to sensitive data on their devices, cause service disruptions, and compromise the entire device