Page 8 - Company News

Capital Group fund buys 1.95% stake in Sri Lotus Developers for ₹190 cr

Smallcap World Fund acquired the stake through an open-market transaction as promoter Anand Kamalnayan Pandit sold 2% to meet minimum public shareholding norms

CCI invites public comments on PVR INOX proposal to discontinue VPF charges

PVR INOX proposes ending upfront VPF payments and offering producers a choice between a per-show exhibition service charge and a revised revenue-sharing arrangement

Adani Ports' executives settle matter with Sebi in PMC Projects case

APSEZ Managing Director Karan Adani and CFO B Ravi have paid Rs 13.65 lakh each under the settlement mechanism; Sebi has disposed of the adjudication proceedings

PepsiCo is bullish on India, targets top-10 global market status

PepsiCo, which is investing to enhance capacity and scale up its supply chain network, inaugurated its fifth manufacturing plant in Nalbari, Assam, on Thursday, with an investment of Rs 778 crore.

Sagar Defence Engineering gets industrial licence to make military vessels

The company is among a handful of private entities to get the licence to produce vessels for use by the Indian Navy and Coast Guards.

Cars24 August GMV rises 37% to ₹937 crore, net revenue grows 46%

Monthly performance translates into annualised transaction GMV run-rate of around Rs 11,000 crore; adjusted net revenue run-rate crosses Rs 2,000 crore

Hiranandani enters Goa realty market with ₹450-crore partnerships

Under its Eleva model, Hiranandani Communities will provide project management consultancy services for two residential projects spread across five acres in Goa

OfBusiness deepens manufacturing across metals, chemicals and apparel

Tapping value-added production opportunities may boost supply-chain control and margins; owned capacity now spans over 40 products and direct headcount has crossed 35,000

Tata Steel commissions India's first coke oven gas injection project

The project at Tata Steel's Meramandali plant will use coke oven gas as a reductant and partial substitute for conventional fossil fuels in blast-furnace operations

Godrej Properties sees ₹70 cr impact from Gurugram project settlement

Realty firm says disputes with Orris Infrastructure over Godrej Air have been amicably settled; actions under the settlement agreement are currently being implemented

Canara Bank to raise up to ₹4,500 crore via AT1 bonds next Wednesday

The Basel III-compliant perpetual bonds will have a call option after five years, while the coupon rate is expected to be in the range of 7.85-7.90 per cent

PNB to enter wealth management services, beef up credit card portfolio

The state-run lender plans to launch wealth management services in early 2027 and is adding 50,000-60,000 credit cards every month as it seeks new growth avenues

Cement firms to invest ₹13,000 crore in green energy capacity by FY28

Major cement companies are expected to raise clean energy capacity to 6 GW by March 2028 from around 4 GW in March 2026, generating significant annual savings

Greaves overtakes Ola Electric, enters top five E2W makers in September

Greaves Electric Mobility recorded 2,645 registrations and a 4.6 per cent market share in the first nine days of September, moving ahead of Ola Electric

PepsiCo India opens fifth food plant in Assam with ₹778 crore investment

The 44.2-acre Nalbari facility will make Lay's and Uncle Chipps, support over 5,000 farmers and create around 700 direct and indirect employment opportunities

Fortune to set up ₹60,000 cr hyperscale AI data centre park in Telangana

The proposed 170-acre campus in Ranga Reddy district will support 1,200-1,600 MW of IT load, with cumulative investment potentially rising to ₹1 trillion

Sigma Advanced Systems begins aerospace production at Sri City facility

Around 75,000 sq ft of the 500,000 sq ft campus is operational, providing 100,000 annual machining hours, with capacity targeted to rise to nearly 300,000 hours

Axis Bank's AI push signals slower hiring ahead as it scales up business

The lender opened about 400 branches in FY26 even as its net headcount fell 3%, with CEO Amitabh Chaudhry expecting technology investments to support further growth without similar staff expansion

Classic Legends to double capacity to over 200K units by year-end

The Jawa and Yezdi maker will raise capacity from 120,000 to over 200,000 motorcycles by year-end as it prepares for higher domestic sales and exports

House of Tata set for season of meetings amid leadership uncertainty

Under the Tata Sons Articles of Association (AoA), SRTT and SDTT have to jointly nominate three members to the five-member selection committee.