Page 83 - Company News

World Bank approves $815 mn for Tata Power-backed Dorjilung hydro project

The World Bank has approved the $815 million long-term finance package for 1,125 megawatt Dorjilung Hydropower Project, in which Tata Power holds 40 per cent share

Syngene downgrades its revenue guidance by 5% on Librela inventory impact

Syngene trims FY26 revenue guidance by up to 5% as inventory correction for veterinary drug Librela hits profits, even as core research and CDMO business grows

HCLTech acquires Singapore-based Finergic Solutions for $14.7 million

The acquisition aligns with HCLTech's strategic focus on strengthening its financial services expertise, particularly in core banking and wealth management, the company said

Swan Defence secures $227 mn deal for chemical tankers at Pipavav yard

Swan Defence and Heavy Industries has signed a $227 million contract to build six chemical tankers, marking the first large commercial chemical vessel order awarded to an Indian shipyard

Shriram Finance Q3FY26 results: Net profit dips 22% to ₹2,529.65 crore

Shriram Finance's Q3FY26 net profit fell 22% to ₹2,529.65 crore due to a high base last year, even as income, margins and AUM posted healthy growth

PepsiCo India brings in Tata Tech's Savitha Balachandran as new CFO

PepsiCo India appoints Savitha Balachandran as CFO for India and South Asia, succeeding Kaushik Mitra, who will retire in April after 24 years with the company

DLF gears for senior housing entry, eyes sales in Mumbai, Panchkula in FY27

Developer says Q3 sales dropped due to Dahlias pause, no new launches

Bansal Wire plans to invest ₹2,500 crore in steel cord manufacturing unit

As part of the main project, the company has built a 20,000-tonne pilot facility with an investment of Rs 150 crore, which will be commissioned by the end of this year

State-run BPCL to sign $780 million oil deal with Brazil's Petrobras

Indian refiners are redrafting their oil import strategies, buying more oil from ​Middle Eastern, African and South American countries to make up for a reduction in Russian oil supplies

India Cements Q3 result: Loss narrows to ₹5.7 crore, revenue up 23%

Including the tax cuts, average pan-India cement prices ‌dropped 6 per cent on-year in the reported ​quarter, data from brokerage Ambit Capital showed

Milky Mist Dairy Food to invest ₹1,130 crore in Maharashtra dairy unit

Milky Mist Dairy Food has signed an MoU with the Maharashtra government to set up a large milk processing and dairy products manufacturing unit, creating about 800 direct jobs

SDHI secures $227 million shipbuilding contract from European firm

Swan Defence and Heavy Industries secured one of India's largest commercial shipbuilding contracts from Europe's Rederiet Stenersen AS to build six chemical tankers at its Pipavav shipyard

Chronos renews ₹148 crore bank guarantee to stay in IL&FS BKC race

Brookfield-backed Chronos Properties renewed the bank guarantee as directed by NCLAT, keeping its bid alive for IL&FS' Bandra Kurla Complex headquarters amid a dispute over the revised valuation

PIDF scheme impact to be offset by revenue growth, targeted sales: Paytm

The PIDF incentive was aimed at accelerating digital payments infrastructure across Tier-3 to Tier-6 centres, as well as underserved regions including the Northeastern states and Union Territories

Godrej Industries looking for acquisitions in consumer sector: Nadir Godrej

Nadir Godrej also said the group's food ​and agri business, Godrej Agrovet, is looking for prospects in the animal feed category

Fintech Juspay raises $50 mn in Series D follow-on at $1.2 bn valuation

Funding round led by WestBridge Capital includes primary and secondary investment

US SEC seeks alternative pathway to advance stalled Adani fraud case

The SEC's lawsuit, filed in November 2024, alleges that Gautam and Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd

SC issues notices to Anil Ambani, ADAG on PIL alleging banking fraud

The top court asked the CBI and the Enforcement Directorate, represented by Solicitor General Tushar Mehta, to file status reports in sealed cover in ten days

TASE Global inaugurates ₹150 crore aerostructures facility near Chennai

New Sriperumbudur unit marks company's entry into global aerostructures market, adds export capacity and skilled jobs

IndusInd Bank chairman Sunil Mehta to step down, Arijit Basu to succeed

Mehta will be succeeded by Arijit Basu, who most recently was the chairman at non-banking finance ​company HDB Financial Services, a unit of India's top private lender HDFC Bank