Page 6 - Company News

MRF to invest ₹5,300 crore in new tyre plant in Tamil Nadu's Sivaganga

MRF has signed a non-binding MoU with the Tamil Nadu government to set up a greenfield tyre manufacturing unit in Sivaganga with an investment of Rs 5,300 crore over 12 years

Jio Platforms appoints Dan Bailey as President, to lead global initiatives

Former Deutsche Bank executive Dan Bailey will lead Jio Platforms' international initiatives and report to Akash Ambani as company prepares for global expansion

Motilal Oswal Home Finance secures $100 million from Asian Development Bank

Motilal Oswal Home Finance secured $100 million from ADB to expand affordable housing loans for women and support green-certified projects, strengthening its funding base and reach

Aurobindo arm launches Pomalidomide generic in US, adds to oncology line

Aurobindo Pharma subsidiary Eugia Pharma has launched generic Pomalidomide Capsules in the US, one of the first-to-file applicants for the drug, expanding its oncology portfolio

IIFCL plans to raise $1.6 billion for infra push in India: MD Rohit Rishi

The authorised and paid-up capital of the company stood at ₹10,000 crore and ₹9,999.92 crore, respectively, as of March 31, 2025

Petronet LNG issues force majeure after QatarEnergy halts production

Petronet LNG issued force majeure to QatarEnergy and its off-takers after LNG production was halted amid the West Asia crisis, saying the impact cannot be estimated at this point

German DEG, Citi to provide $76 million funding to Shriram Finance

Citi's financing will support smallholder farmers, a segment critical to India's food security and rural economy, yet often constrained by limited access to affordable capital

Godrej Properties eyes ₹6,150 cr from Gurugram and Kolkata projects

Godrej Properties acquires an 11-acre land parcel in Gurugram and secures a 5-acre plot in Kolkata; the two residential projects together are expected to generate ₹6,150 crore in revenue

Wipro set to lose $500-million Estee Lauder contract to Accenture

The shift of Estee Lauder's $500-million contract to Accenture marks a setback for Wipro as CEO Srini Palia pushes large efficiency-led deals amid renewed focus on discretionary spending

RMZ plans to double office portfolio in five years via acquisitions, JDs

The Bengaluru-based asset owner plans acquisitions and joint developments to expand beyond 40 million sq ft, backed by a strong pipeline, near-zero vacancy and fresh capital raising plans

Brigade Group leased out 156K sqft to 2 global firms at Brigade Twin Towers

Brigade Group has leased 156,000 sq ft at Brigade Twin Towers to MANN+HUMMEL and Labcorp, signalling sustained demand for Grade A offices and strengthening the project's commercial appeal

Adecco sees 6-10% salary hikes in 2026; AI-led roles to get bigger jumps

Adecco India's 2026 Salary Guide shows moderate 6-10% hikes for most sectors, with AI, digital tech, EV and specialised roles expected to receive significantly higher increments

NCW Prime Offices Fund acquires grade A+ commercial asset in Pune

NCW-managed Prime Offices Fund enters Pune with 51% stake in 1.1 msf TenSteps asset; portfolio expands to 3.8 msf across three cities

NB Group to invest ₹350 crore on new luxury housing project in Ahmedabad

Nishith Shah, CMD of NB Group, said the total investment to develop this project is estimated at ₹350 crore

German firm Nemetschek appoints Alok Sharma as MD, VP of India biz

The company provides software solutions for architecture, engineering, construction and operations (AEC/O) and media industries

GST authorities issue demand notice of ₹6.37 crore to Britannia Industries

The order has been passed under Section 74 of the GST Act for FY 2020-21 to FY 2023-24, alleging non-payment of tax due to "incorrect classification" of goods supplied

Ola Electric launches Holi Mahotsav; Roadster range now starts at ₹79,999

This brings electric motorcycles directly at par with popular entry segment ICE motorcycles, the company said in a statement

Natco Pharma launches generic blood cancer treatment medicine in US

The product is available in 1mg, 2mg, 3mg, and 4mg strengths and is distributed primarily through specialty pharmacies and clinics, Natco Pharma said

Qcom enablement startup Inamo raises $8 million in Series A round

Quick commerce startup Inamo has raised $8 million in Series A funding led by Prime Venture Partners to expand its dark store network, accelerate brand onboarding, and scale technology and operations

Nasscom advises IT employees in West Asia to work from home amid tensions

Nasscom has asked IT employees in the Middle East to work from home and remain in touch with embassies as tensions escalate in West Asia, even as Indian IT firms say operations continue as usual