Page 53 - Company News

HPCL commissions residue upgradation unit at Vizag refinery, boosts margins

The project marks a major step in upgrading India's refining complexity and reducing dependence on imported fuels

HDFC AMC forays into private credit market with ₹2,500 crore fund

IFC will invest up to ₹220 crore as an anchor investor in HDFC AMC's Structured Credit Fund-I

Torrent Pharma greenlights ₹12,500 crore fundraising plan via NCDs

Torrent Pharmaceuticals said the tenure of the instruments, along with the date of allotment and final maturity, will be determined at the time of issuance of NCDs

Sundaram Alternates Credit Fund announces first close at ₹1,000 cr

The fundraise remains open and is expected to conclude by March 2026, with a targeted final corpus of ₹1,500-2,000 crore

HDFC Bank's loan book grows 12% to ₹28.44 trn in Q3, CD ratio up at 98.5%

After several quarters, the bank reported loan growth higher than deposit growth. The bank mobilised ₹57,700 crore of deposits during the quarter while credit disbursed expanded by ₹75,300 crore

Universal Music India to acquire minority stake in Excel Entertainment

Under the terms of the agreement, Universal Music will gain global distribution rights for all future original soundtracks created for projects owned or controlled by Excel

Motherson secures PLI incentives for electronics components manufacturing

These incentives are for six years -- from FY26 to FY31, with an expected cumulative investment of ₹1,900 crore over the investment period

HDFC Bank posts 2.7% loan growth to ₹28.45 trn in Q3, deposits rise higher

HDFC Bank merged with its parent HDFC in July 2023, adding a significant pool of loans but a smaller volume of deposits

Govt may withdraw X's safe harbour tag over Grok AI obscene content lapses

The government has reportedly warned X of strict action if it fails to follow directions on removing AI-generated obscene content, stressing the need to protect users' safety and dignity online

Goldi Solar to add 5 GW module, 16 GW cell capacity by FY28 to meet demand

The Gujarat-based renewable energy player presently owns and operates three solar module manufacturing facilities near Surat, having a combined capacity of 15.2 gigawatt (GW)

KC Das eyes UK comeback after 50 years, backs bilateral trade pact

Das said KC Das had established a presence in the UK as early as the 1960s but had to withdraw from the British market in 1965 due to state milk order

Zomato terminates nearly 5,000 gig workers a month: Deepinder Goyal

On raising capital, Goyal said the company never gave predictions to investors and instead spoke only about the market size and the opportunity available

Export to Venezuela less than 1% of total exports, says Bajaj Auto

The South American country has plunged into a crisis after the US captured its President, Nicolas Maduro, on Saturday

Sobha Q3 sales bookings jump 52% to ₹ 2,115 cr on better housing demand

Out of the total sales, Sobha sold properties worth ₹1,512 crore in Bengaluru and ₹349 crore in the Delhi-NCR market

Bandhan Bank loans grow 10% to ₹1.45 trn in Q3, deposits rise 11%

The bank had reported loans and advances worth ₹1,32,019 crore in the corresponding period of the previous fiscal

D-Mart's standalone revenue from operations rises 13% to ₹17,612 cr in Q3

The company had registered ₹15,565.23 crore revenue from operations a year ago, Avenue Supermarts informed BSE in a regulatory filing on Friday

ONGC plans to store CO2 in depleted wells at Gujarat's Gandhar field

CO2 will be captured from nearby industrial sources in the Dahej area as well as ONGC's own Hazira plant, transported to the Gandhar wells and injected underground

Indian deep-tech firm launches platform to fix missing loop in modern tech

NeuroPause Lab's work focuses on inserting this missing control loop into technology in a measurable and engineering-driven way

'No paid leave or social security': Gig union slams Zomato CEO's claims

Union questioned Zomato's earnings calculations and benefits, saying fuel costs, unpaid leave and limited insurance weakened claims of fair pay in the gig economy

Zomato CEO defends gig model, highlights 10.9% pay raise, job flexibility

Goyal explained that Zomato gig workers earn a steady income, get welfare support, have flexible schedules, and are not pressured by 10-minute delivery promises, countering claims of exploitation