Page 5 - Company News

Wadhwa Group partners with Arisinfra Solutions for ₹650 cr project in MMR

Wadhwa Group has partnered with ArisUnitern RE Solutions for its Wadhwa Wise City township in Panvel to monetise inventory worth ₹650 crore

Govt likely to divest stake worth $1.06 billion in Coal India via OFS

The Indian government held a 63.13 per cent stake in Coal India as of ​March 31, according to LSEG data

BlackRock likely to invest in Shapoorji Pallonji unit dollar debt

The deal would be a private placement, and the launch timing could not be ascertained immediately. Deutsche Bank is the arranger

RECPDCL launches transmission tenders for Gujarat renewable projects

RECPDCL has invited bids for two interstate transmission projects to evacuate power from 21.5 GW renewable energy capacity planned across Gujarat

Iveco posts quarterly loss, says Tata takeover expected to close in Q3

The negative results follow the sale of Iveco's ​defence unit to Italy's Leonardo, which was finalised in ‌March

Liquor maker Radico resumes shipments to West Asia as tensions ease

The maker of Rampur whisky and Jaisalmer gin derives 5 per cent to 6 per cent of sales volumes and 9 per cent to 10 per cent of revenue from exports, of which it does not provide a regional split

RDI Fund: BIRAC gets 200 applications in first call for proposals

BIRAC has received nearly 200 applications under the RDI fund and shortlisted 7-8 biotech startups as demand rises for deep-tech and innovation financing

India has opportunity to shape AI-native govt: ServiceNow vice chairman

Asked how ServiceNow will drive AI use in public sector, Tzitzon spoke of need to maximise the quality of the services to the public in a way that minimises the need to consistently raise tax revenue

Fairfax India announces ₹2,000 crore infusion into IIFL Capital Services

Fairfax India will infuse ₹2,000 crore into IIFL Capital Services through a mix of transactions, increasing its stake in the company to at least 51 per cent

Noel Tata's opposition to Tata Sons' listing creates rift within Group

Trustees at Tata Trusts are set to push for listing Tata Sons under RBI norms, exposing internal differences as Noel Tata seeks to keep the holding company closely held

Fairfax India to raise stake in IIFL Capital to 51% via $211 mn investment

Fairfax India currently holds a 30.5 per cent stake in the company

Skyroot Aerospace raises $60 mn, becomes a unicorn valued at $1.1 bn

Skyroot Aerospace has raised nearly $60 million at a $1.1 billion valuation as the private space company prepares for the maiden launch of its Vikram-1 orbital rocket

McKinsey renews Mumbai BKC office lease at Rs 2.58 crore monthly rent

McKinsey & Company India has renewed its office lease at Mumbai's Bandra-Kurla Complex for 10 years at a monthly rent of Rs 2.58 crore

Walmart CEO Furner visits India, addresses Flipkart townhall, may meet PM

Walmart chief executive officer John Furner is on his first India visit as CEO and highlighted the relevance of speed and growth in this market during a Flipkart townhall

VFS Global consortium to set up 60 model sub-registrar offices in Maha

VFS Global and WE Excel Software will launch 60 model sub-registrar offices across Maharashtra to modernise and streamline property registration services

Mahindra Lifespaces launches Rs 1,650-crore premium Mumbai project

Mahindra Lifespace Developers has launched Mahindra BeaconHill, an ultra-premium residential tower in Mumbai's Mahalaxmi with a GDV of Rs 1,650 crore

Indian Bank sees ₹4,000-6,000 crore ECL impact, plans QIP in Q3 FY27

Indian Bank plans a qualified institutional placement in Q3 FY27 to absorb the impact of RBI's expected credit loss framework coming into effect from April 2027

Banks seek promoters' skin in the game for Vodafone Idea funding

Banks seek guarantees from group companies, capital infusion commitment in case of default

Epic bets on technical textiles with $150 million Odisha investment

Epic Group plans to invest $150 million in Odisha to build a technical textiles ecosystem focused on synthetic and performance fabrics for export markets

Adani files caveat in SC amid likely Vedanta appeal in JAL insolvency case

Adani Enterprises has moved the Supreme Court with a caveat after NCLAT upheld its resolution plan for Jaiprakash Associates and dismissed Vedanta's objections