Page 8 - Company News

Data centre demand to rise with data use, smart cities: Schneider Electric

Rising data consumption and the rollout of smart cities will drive demand for data centres in India, even as their energy use remains a small share of the overall power ecosystem

Dilip Buildcon targets near debt-free status by FY28 on stronger orders

Dilip Buildcon aims to become near net debt-free by FY28, driven by execution-led cash flows, mining contributions, and InvIT monetisation as order inflows and project awards pick up

Nayara suit against SAP over software service halt in Delhi HC next week

The Delhi High Court will next week hear Nayara Energy's lawsuit against German software company SAP's India unit suspending software services critical to its operations.

Cipla's US unit recalls 400+ cartons of generic anti-cancer drug: USFDA

Warren (New Jersey) based Cipla USA, Inc is recalling Nilotinib Capsules in two strengths (150 mg and 200 mg), the US health regulator said

Jaquar Group eyes scaling lighting business revenue to ₹1,700 cr in 3 yrs

The company, which has a portfolio that includes LED, commercial, outdoor, architectural and facade lighting, besides consumer lighting such as bulbs and tube lights, plans to expand its outdoor and l

Swiggy, magicpin, Zomato see food delivery regain growth momentum in Q3FY26

With continued investments in marketing, product innovation, and value-led propositions, industry executives said the sector expects the momentum in order growth to sustain

Go Digit gets GST demand notice of about ₹170 crore for FY18-FY22

The company is in the process of evaluating the legal advice on the implications and would file an appeal, it said

Omaxe sells out 2 Faridabad projects; 120 commercial units fetch ₹160 crore

These two projects, slated to be delivered in 2030, are part of its integrated mixed-use township 'World Street by Omaxe'

Vedanta aims to raise women workforce share to 35%, launches hiring drive

Vedanta said women accounted for around 18 per cent of direct employment across industries in 2023-24, while in core sectors such as mining and metals, their share remained only 6 per cent

Numeros Motors ties up with Royal Sundaram for rider insurance cover

With a premium of ₹1,200, the policy targets buyers of the n-First electric scooter, offering accident cover, hospital cash benefits, and a cancer plan for women riders

Technolegal approach of India on AI pragmatic: Wipro's Ivana Bartoletti

India's techno-legal AI governance model, built on soft guidelines and shared responsibility, is practical for rapidly evolving technology, says Wipro's Global Chief Privacy and AI Governance Officer

Flipkart lays off 250-300 employees after reviewing performance

Layoffs affect roughly 2% of workforce as Walmart-backed e-commerce firm tightens operations and prepares for a potential IPO

Uber says regulatory hurdles make shuttle business a challenging space

Uber says its shuttle business remains challenging due to regulatory hurdles restricting expansion beyond Delhi and Kolkata, even as it pushes ahead with intercity bus and multi-modal plans

Ships loaded with Reliance diesel, jet fuel turn to Asia instead of Europe

Asian buyers are rushing to secure fuel supplies to offset production losses from expected refinery run cuts as the near-halt in traffic in the Strait of Hormuz constrains oil supply to the region

Jindal Stainless flags possible shipment delays to West Asia amid conflict

The country's biggest stainless steel producer said West Asia accounted for a small share of its export market but that the company remained committed to serving the region

Adani Gas keeps CNG, PNG prices unchanged; curbs supply for few industries

A company official said about 70 per cent of ATGL's gas volumes are sourced domestically and supplied to CNG users and domestic kitchens (called piped natural gas (PNG)-domestic) customers

ED conduct searches against Reliance Power Ltd in Mumbai, Hyderabad

About 10-12 locations linked to the said company and its executives are being searched in the two cities

US beauty major Estee Lauder to acquire Ayurveda brand Forest Essentials

Forest Essentials headquarters to remain in Delhi; founder Mira Kulkarni to continue leading it

IBM opens first infrastructure innovation centre to boost India-led AI work

IBM has launched its first Infrastructure Innovation Centre in Bengaluru, bringing together engineering teams to accelerate development of secure and scalable enterprise AI and infrastructure systems

TCS in 'advanced' talks for more AI data centers in India as demand rises

"We are having discussions with multiple other hyperscalers," said Chief Executive Officer K Krithivasan during an interview at the company's offices in London.