Page 61 - Company News

Tata Power raises ₹2,000 crore via issuance of NCDs on private placement

The NCDs are to be issued to identified investors on a private placement basis, on the terms and conditions as mentioned in the placement memorandum for the said issue and other transaction documents

Pfizer, Cipla sign exclusive marketing, distribution deal for 4 brands

Pfizer India Country President Meenakshi Nevatia said the partnership with Cipla will help expand the reach of its medicines to patients

ED returns ₹300 crore to clear unpaid dues of Kingfisher's employees

The development came after the Debts Recovery Tribunal (DRT) in Chennai passed an order on December 12

Coca-Cola India FY25 result: PAT rises 46% to ₹615 cr, revenue at ₹5,042 cr

Coca-Cola India's expenses on advertising and sales promotion decreased ₹13.75 crore to ₹1,311.13 crore for the year under review from ₹1,520.22 crore in FY24

Flipkart buys stake in Minivet AI to drive GenAI-led ecomm innovation

The acquisition is a strategic move to build and invest in core Generative AI (GenAI) capabilities, at a time when e-commerce is rapidly shifting towards visual, conversational, and AI-led discovery

IBM to skill 5 mn Indian youth in AI, cybersecurity and quantum by 2030

The initiative is expected to support IBM's goal of creating a more equitable and future-ready workforce by expanding access to advanced digital skills and improving employability

Adani's airport unit plans $11 bn investment, seeks partner ahead of IPO

Adani Airport Holdings currently operates seven airports, including those in Mumbai and Ahmedabad, and is now targeting 11 more airports slated for privatisation, Jeet Adani said

IndiGo top brass to fan out across network with 'rebuilding' message

Before the crisis, the airline operated a total of 2,300 flights per day - about 2,000 domestic and about 300 international

Japan's Mitsubishi UFJ Financial Group looks to buy 20% in Shriram Finance

Shriram group may still stay promoter after $4 bn deal

Bharti Airtel to call for nearly ₹15,741 crore tranche of rights issue

Board approves changes to SHA with Singtel; Gopal Vittal becomes executive vice chairman, Shashwat Sharma becomes MD and CEO from January 1

NCLT approves first stage of Adani Harbour and Adani Ports merger

The companies had approached the tribunal under Sections 230 to 232 of the Companies Act, seeking approval at the initial stage of the merger, with July 1, 2025 proposed as the appointed date

HCLTech buys telco solutions business from HPE for nearly $160 million

The deal will also help HCLTech to beef up its engineering and AI-led network propositions to global communication service providers

CuePilot AI secures $1.8 million to bring voice-first AI into preschools

Round from Eximius Ventures and Titan Capital, led by Unilazer Ventures (backed by Ronnie Screwvala)

Max to invest over ₹1K cr in 450-bed Pune hospital, eyes West India growth

This will be Max Healthcare's fourth facility in Maharashtra after the 350-bed Nanavati Max Hospital situated in Mumbai and 212-bed Alexis Hospital in Nagpur

Maruti Suzuki's WagonR crosses 3.5 million production milestone

The WagonR is currently manufactured at Maruti Suzuki's plants in Gurgaon and Manesar, Haryana

Bharti Airtel appoints Soumen Ray as group chief financial officer

Ray was most recently the finance chief for Bharti Airtel India, a role he held for the last four years

L Catterton takes stake in Haldiram's in strategic partnership deal

Consumer-focused investor L Catterton has invested in Haldiram's, aiming to support brand building, product development and supply chain strengthening as the snacks major expands globally

Sun Pharma shares slip 3% after US FDA flags Baska manufacturing facility

Sun Pharma's Baska plant in Gujarat receives OAI status from the US FDA after inspection, adding near-term regulatory uncertainty but not impacting current US supplies

Nissan teases 7-seater B-MPV 'Gravite', eyes India comeback from 2026

Scheduled for launch in early 2026, the Gravite will be locally manufactured at Renault-Nissan's Chennai plant and is the first model under Nissan's refreshed India strategy

Max Healthcare Institute to invest ₹1K cr in Pune super speciality hospital

The hospital will be the company's fourth facility in Western India