Page 6 - Company News

Nalco fined by BSE, NSE over shortfall in independent directors on Board

Stock exchanges imposed penalties over non-compliance with SEBI's Board composition norms, while Nalco said appointments of independent directors are beyond its control.

From IPL finals to concerts, multiplexes seek a life beyond the movies

Concert films, live sports and fan events are emerging as multiplexes' latest growth strategy as exhibitors look to reduce their dependence on blockbuster releases and attract new audiences

Added flavour in your booze? FSSAI issues notices to Diageo, Inbrew

The regulator said that the notices have been issued as certain manufacturers are adding the flavour of the standardised alcoholic beverage itself

Chennai Petroleum plans to expand refining capacity to 280,000 bpd

Chennai Petroleum operates a 210,000-bpd Manali refinery in the southern state of Tamil Nadu

360 One Wealth CEO Yatin Shah targets bigger share of India's ultra-rich

India's largest independent wealth manager holds almost 10% of the ultra-high-net-worth market, and is looking to increase that to 12% or 13%, Co-Founder Yatin Shah said

Target bets on AI to drive enterprise strategy and retail operations

The retailer, with a market capitalization of more than $100 billion, is known for its style, design and curated merchandise and has about 5,500 employees in India now

Vedanta sees 67% rise in FY27 Ebitda to $10 billion, says CFO Ajay Goel

CFO says group expects to cut debt by more than Rs 20,000 crore in FY27

Ramkrishna Forgings expects exports to recover on stronger global orders

The company expects exports to contribute 35 per cent of FY27 revenue as demand improves in North America and Europe, helping absorb newly created manufacturing capacity

Zee to seek legal advice on Sebi order, says fund raise unaffected

The company says it will take legal steps over SEBI's order while continuing with its fund-raising exercise aimed at strengthening its financial foundation

Bank of Maharashtra cuts home loan rate to 7%, waives processing fee

State-owned lender launches a limited-period 'Monsoon Dhamaka' campaign, lowering home and car loan rates while waiving processing fees and documentation charges

IndiGo marks 20 years of ops with bigger global push, fleet expansion plans

The country's largest airline, which has a domestic market share of more than 66 per cent, is set to induct Airbus A321 XLR aircraft before taking delivery of wide-body A350s from 2028

Beyond expansion: Quick commerce seeks more growth from existing assets

Even as they continue adding dark stores, quick-commerce firms are focusing on higher utilisation of their existing assets, better unit economics and improved margins

Case Group expects 2-fold jump in turnover to ₹200 cr on strong order book

The company, which manufactures coal gasifiers and other industrial equipment, asserted that order execution is not a challenge, even if the pipeline reaches ₹500 crore

No plan to monetise subsidiaries, focus on enhancing their value: PNB MD

As the bank is well capitalised, the bank will not be raising any fund from the market to drive growth, Punjab National Bank's Managing Director and CEO Ashok Chandra said

Renault India's domestic sales surge 27.9% to 3,293 units in July

The company has registered double-digit year-on-year growth for the eleventh consecutive month, Renault India said in a statement

Radisson eyes 500 hotels in India by 2030 with focus beyond metro cities

Backed by strong owner confidence and growing demand beyond traditional metros, the company expects faster conversion of its hotel pipeline into operational properties over the next two years

Tata Steel UK expects electricity access for EAF project by 2029: CEO

As part of its decarbonisation plan, the steel major is setting up the UK's largest low-carbon EAF (electric arc furnace) project at Port Talbot replacing the non-operational blast furnace plant

Coal India July coal supplies hit record high, production rises 8.44%

Coal India said July 2026 supplies rose to 64.19 MT, the highest-ever coal offtake for the month in the company's history, while production grew to 50.36 MT

CBI books Anil Ambani, Reliance Capital over ₹1,816 crore EPFO loss

Ambani, however, denied any wrongdoing, according to a statement issued by his spokesperson

Hero MotoCorp, Suzuki Motorcycle India report strong sales growth in July

Domestic sales were at 5,01,403 units last month as compared to 4,12,397 units in July 2025, up 21.6 per cent, Hero MotoCorp said in a statement