Page 66 - Company News

Haier targets ₹14,500 crore topline in 2026, plans ₹3,500 crore expansion

Aims for 38% growth driven by ACs and TVs; to expand manufacturing capacity to 4 million units by 2027, creating 12,000 jobs

Tata Steel's expansion pipeline supports favourable post-expansion outlook

Tata Steel is stacking up projects to take domestic capacity to 40 mtpa by 2030, with NINL expansion, downstream additions and pellet supplies, even as near-term steel prices stay weak

With an eye on rivals, Novo Nordisk launches diabetes drug Ozempic in India

With Mounjaro gaining ground, launch comes just three months before Novo loses patent for semaglutide

IndiGo moves Delhi High Court seeking ₹900 crore Customs duty refund

IndiGo has approached the Delhi High Court seeking a refund of over ₹900 crore paid as customs duty on aircraft engines and parts re-imported after repairs abroad, alleging double levy and illegality

Larger HC Bench clears way for export of semaglutide generics by Dr Reddy's

Novo Nordisk's appeal was listed for hearing on Friday before a bench of Justice C Hari Shankar and Justice Om Prakash Shukla

Tata Steel aims to cushion impact of higher iron ore costs after 2030

Tata Steel is boosting upstream options, expanding downstream capacity and improving efficiency to manage higher iron ore costs expected after its captive mines go up for auction in 2030

Novo Nordisk challenges HC order permitting Dr Reddy's semaglutide exports

Novo Nordisk's appeal is listed for hearing on Friday before a bench of Justice C Hari Shankar and Justice Om Prakash Shukla

Disney invests $1 bn in OpenAI, to license characters for Sora video tool

As part of the licensing deal, Sora and ChatGPT Images will start generating videos using licensed Disney characters such as Mickey Mouse, Cinderella and Mufasa, from early next year

Wipro, Microsoft strike three-year deal to build industry-specific AI tools

Under the partnership, Wipro and Microsoft will jointly develop AI solutions for sectors such as financial services, retail, manufacturing, healthcare, life sciences and airports

JioStar to continue as ICC's media rights partner till 2027 in India

Industry experts noted that JioStar is under financial burden and is looking to cut its losses from all aspects

As trade routes shift, demand for translation services will surge: RWS CEO

RWS CEO Benjamin Faes said translation demand will rise as firms expand into non-English markets, with India growing 20 per cent annually and local headcount likely to rise to 2,000

JSW Energy board clears plan to raise up to ₹10K crore via securities

The board also approved the appointment of Chandrasekaran Prabhakaran as the Chief Financial Officer and a Key Managerial Personnel of the company with effect from January 1, 2026

RPG Life Sciences eyes GLP-1 entry, US market via plant acquisitions

The company sharpens its domestic specialty formulations focus and looks to scale APIs through acquisitions, while planning partnership-led GLP-1 launches

PNB Housing Finance names Ajai Kumar Shukla as MD, CEO; shares rise by 5%

The appointment comes as large home financiers face intensifying competition from banks in lending for premium homes, while affordable housing has emerged as a more attractive market

JSW Energy arm signs agreement to supply 400 MW to Karnataka discoms

With this PPA, JSW Energy's open capacity reduces to 5 per cent of the current operational capacity from about 8 per cent

Crisis-hit airline IndiGo receives tax penalty notice of ₹58.7 crore

Earlier today, the DGCA suspended four Flight Operations Inspectors (FOI), who are responsible for overseeing airline safety, pilot training & operational compliance

iSprout secures ₹60 crore in debt funding to accelerate expansion

Hyderabad-based iSprout has raised ₹60 cr in debt funding from Tata Capital to expand into metros and tier-I and II cities, upgrade infrastructure and scale managed office portfolio as it eyes an IPO

MTR-owner Orkla India eyes deals, bets on quick meals, delivery for growth

The Indian arm of Norwegian consumer goods group Orkla, which merged MTR and Eastern in 2023, expects to return to its historical double-digit revenue growth in fiscal 2026 and beyond

Fairfax leads race to acquire majority stake in IDBI Bank from govt, LIC

Fairfax has moved ahead in the race to buy a majority stake in IDBI Bank, with Kotak Mahindra Bank still in the fray as the government and LIC prepare to finalise bids for the lender's sale

AI-driven growth of TCS makes its M&A strategy more aggressive

TCS's $700-million buyout of Salesforce firm Coastal Cloud highlights a stronger AI-focused M&A strategy, but analysts view the valuation as steep and note the market's muted response