Page 58 - Company News

Tata Motors' EV arm to launch five new models by FY30; capex Rs 18,000 cr

Tata Passenger Electric Mobility plans five new EV models by FY30 and Rs 16,000-18,000 crore capex on products, technology and charging infrastructure as Tata EV sales cross 250,000 units

APSEZ completes acquisition of NQXT Australia, revises FY26 Ebitda guidance

Adani Ports and Special Economic Zone has completed the NQXT Australia acquisition and raised FY26 Ebitda and cargo volume guidance, citing the terminal's growth and cash flows

Samsonite India increasing manufacturing to 700,000 units a month

Samsonite India has expanded capacity at its Nashik plant to 700,000 bags a month, strengthening domestic manufacturing, exports and readiness for rising travel demand amid growing competition

Ajanta Pharma signs pact with Biocon to sell semaglutide in 26 countries

Ajanta Pharma has signed an in-licensing pact with Biocon to market semaglutide across 26 countries in Africa, the Middle East and Central Asia, subject to approvals

Hyundai becomes ICC premier partner for six major tournaments through 2027

Hyundai Motor Company has signed a deal with the ICC to become a premier partner for six major tournaments across men's and women's events through 2027, including matchday rights and branding

Saleem Ahmad assumes charge as RVNL chairman and managing director

Rail Vikas Nigam Limited said Saleem Ahmad has taken charge as its new chairman and managing director. He previously served as director (projects) at NBCC (India)

HMEL to invest ₹2,600 crore in Bathinda refinery for downstream expansion

HPCL Mittal Energy plans to invest Rs 2,600 crore at its Bathinda refinery to build polypropylene downstream industries and start fine chemical projects to expand its business

HN Reliance Foundation Hospital launches tele-robotic surgery programme

HN Reliance Foundation Hospital has launched a tele-robotic surgery programme, allowing Mumbai surgeons to remotely perform, guide robotic procedures at a Jamnagar partner centre using Jio's network

Unity SFB's Aviom Housing acquisition may take 3-4 months to complete

Unity Small Finance Bank has emerged as the winning bidder for Aviom India Housing Finance, but completion may take 3-4 months as key regulatory and creditor approvals are pending

Union Bank of India cuts rates on select retail loans by up to 160 bps

Union Bank of India has reduced rates on select retail loans from December 18, cutting home loans by 30 bps, vehicle loans by 40 bps and personal loans by up to 160 bps

Brookfield India Reit raises ₹2,000 crore via sustainability-linked bonds

The IFC-anchored five-year bond issue links financing to renewable energy and water stewardship targets, marking the largest sustainability-linked bond raised by a Reit in India

GAIL signs MoU with Chhattisgarh for 12.7 LMT gas-based urea project

GAIL has signed an MoU with the Chhattisgarh government to undertake studies for a greenfield gas-based fertiliser project, including a 12.7 LMT urea plant along its MNJPL corridor

Tata Motors Finance settles Sebi matter for ₹32 lakh over NCD issue

Tata Motors Finance settled the Sebi matter for Rs 32 lakh over alleged violations tied to five Tier-II perpetual NCD issuances between 2019 and 2022

Ola Electric rolls out Hyperservice Centres with same-day service guarantee

Ola Electric will convert existing service facilities into Hyperservice Centres offering same-day servicing at no additional cost, with the first centre now operational in Bengaluru

IRB Infrastructure Trust wins NHAI's TOT-18 highway concession in Odisha

IRB Infrastructure Trust will pay Rs 3,087 crore upfront for a 20-year revenue-linked toll-operate-transfer project on NH-16, expanding the group's highway footprint to 13 states

L&T wins BPCL order worth up to ₹10,000 crore for hydrocarbon business

L&T has bagged a BPCL contract for hydrocarbon onshore work, including EPC of a large polyethylene unit under the Bina refinery and petrochemicals expansion

Bharat Biotech inks tech transfer pact with Biofabri for MTBVAC TB vaccine

Bharat Biotech has signed a technology transfer agreement with Spain's Biofabri to enable end-to-end manufacturing of MTBVAC, with a Phase 3 study in India expected to start recruitment in Q1 2026

Nikhil Kamath, Kishore Biyani launch startup venture platform The Foundery

Zerodha co-founder Nikhil Kamath and Future Group founder Kishore Biyani have launched The Foundery, a 90-day co-building programme offering seed funding of up to ₹4 crore

'Abuse' of market dominance: CCI seeks info from aviation major IndiGo

Competition Commission has sought details from IndiGo after a consumer complaint alleged exploitative pricing following flight disruptions; CCI may examine Section 4 issues

Cipla rolls out Afrezza inhaled insulin in India after CDSCO approval

Cipla has launched Afrezza, an inhaled rapid-acting insulin for adults with diabetes, after CDSCO approval, and plans an awareness drive on insulin adherence