Page 62 - Company News

Japan's JAPEX buys US tight oil and gas assets in $1.3 billion deal

JAPEX will buy VRIH, which holds assets in Colorado and Wyoming, from Verdad Resources Feeder LLC using a mix of its own funds and debt. The transaction is expected to close by the end of Feb 2026

Reliance Consumer Products acquires majority stake in Udhaiyams Agro

With this acquisition, RCPL gets into competition with Tata Consumer Products in the staples space and also gets into competition with iD Fresh and Orkla's MTR

ASK Private Wealth flags AI-led earnings, FII return as 2026 themes

The report noted that the ongoing AI cycle is structurally different from previous technology booms, as it is being driven by earnings growth rather than valuation expansion

Elan Group to invest ₹1,600 cr for ultra luxury housing in Gurugram

The first phase will offer 230 four-bedroom residences across five towers, with unit sizes ranging from around 4,300 to 4,500 square feet

Nothing raises over $8 million in third community investment round

The round allowed community members to invest at a $1.3 billion valuation, according to a company statement

Patel Engineering inks pact with Arunachal for restoring Gongri project

Patel Engineering on Thursday announced signing an initial pact with Arunachal Pradesh government for restoration and development of the 144 MW Gongri Hydropower Project in the state.

AM Green, Mitsui explore potential investment, offtake for green aluminium

The partnership will explore an equity investment in AM Green's clean metals value chain by Mitsui, as well as an offtake agreement for low-carbon aluminium

RP-Sanjiv Goenka Group commits ₹15,800 crore capex in West Bengal

The cornerstone of the proposed investment is a revolutionary energy projecta massive 5,000 megawatt hours (MWh) storage facility

RBI clears Paytm arm PPSL as payment aggregator for offline transactions

The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month

'Worst is behind us, focus on rebuilding': IndiGo CEO's message to staff

IndiGo CEO Pieter Elbers said the focus of the airline is now to solidify operations and to ensure that the operations are stable as the bad weather and IROPS season begin this week

USFDA issues Form 483 with five observations to Aurobindo's Pharma unit

The company is committed to maintaining the highest quality manufacturing standards at all of its facilities across the globe, the drug firm said

ACME Solar secures ₹4,725 crore funding for renewable energy projects

It has also got its first greenfield project financing for Acme from National Bank for Financing Infrastructure Development (NaBFID) of ₹800 crore for the 150 MW ACME Platinum Solar + ESS project

Bharat Taxi to roll out in Jan: Here's how it is different from Ola, Uber

Operated by Sahkar Taxi Cooperative Limited, Bharat Taxi is being promoted as the home-grown, driver-owned mobility service

Xiaomi to expand non-mobile business; bets on TVs, wearables, tablets

Xiaomi is doubling down on TVs, tablets and wearables in India while pushing premium smartphones, aiming to lift non-phone revenues to the high-20% range

Amazon Pay rolls out biometric authentication for UPI payments in India

Amazon Pay now lets Android users approve eligible UPI transactions with fingerprint or facial recognition, reducing PIN friction for payments up to ₹5,000, the company said

Fintech firm Google Pay plans to add more co-branded card issuers

Google Pay has launched its co-branded credit card with Axis Bank on RuPay, enabling UPI linkage, and said it will add more issuers to widen reach across user segments

TCS annualised AI revenue at $1.5 billion, says CEO K Krithivasan

TCS has disclosed for the first time that its annualised AI revenue is about $1.5 billion, as investors seek clarity on returns from large AI investments across IT services firms

Bhavish Aggarwal offloads another block of Ola Electric shares for ₹142 cr

For the second day in a row, the Ola Electric founder offloaded a block of shares, this time worth ₹142.3 crore through open market deals as part of a monetisation plan to repay a promoter-level loan

BMS partners with Accenture to set up AI-driven content hub in Mumbai

The launch of Mosaic is a key component of BMS's ongoing $130 million strategic investment aimed at advancing its portfolio of AI initiatives and AI-enabled marketing capabilities

Vedanta demerger into five listed firms likely by March 2026: Anil Agarwal

Vedanta plans to complete its demerger into five listed pure-play companies by March 2026, with its ₹48,000 crore debt allocated based on cash flows, said chairman Anil Agarwal