Page 85 - Company News

Reliance Group to scale solar, storage platforms; NU Energies adds capacity

Anil Ambani's Reliance Group said solar and battery manufacturing will anchor its clean energy strategy, with Reliance Infrastructure planning an integrated solar chain and a BESS platform

Tata Advanced Systems, Lockheed Martin announce new defence MRO facility

The announcement to set up the facility in Bengaluru came as a Tata-Lockheed Martin joint venture is pitching C-130J Super Hercules as the best aircraft

ATGC Biotech, Israel's Luxembourg Industries form Semiophore crop-tech JV

The JV plans to commercialise 18 semiochemical and pheromone technologies developed by ATGC Biotech in multiple international markets, including Israel, Brazil, Australia and countries in Africa

Reliance Infrastructure to build integrated solar manufacturing ecosystem

The facility will bridge large demand-supply gap as India will need 5560 GW of solar modules annually by 2030, while upstream capacity remains significantly short

Adani Green integrates TNFD framework for nature-positive renewable growth

Beginning in FY24, AGEL initiated company-wide assessments to map nature-related dependencies, impacts, risks, and opportunities across all operational sites

Wise to double down on cross-border payments, roll out prepaid forex card

Over 75,000 users waitlisted; fintech eyes cross-border payment expansion after securing RBI's in-principle PA-CB nod

Logistics company Delhivery tests autonomous logistics drones in Deoria

The showcase, held in the presence of Shashank Mani, the Member of Parliament from Deoria, was executed by Delhivery Robotics India Private Limited, a subsidiary of Delhivery

Bajaj Finserv targets a 22% profit CAGR, double customers in 5 years

Eyes listing on insurance arms, focus NRIs through GIFT City, pension funds biz post Allianz exit

Calling card: Vodafone Idea proposal to govt seeks recalculation of AGR

Telecom firm's proposal to DoT aims to halve dues, enabling ₹25,000 cr fundraising for 5G rollout and government stake dilution

Still far from normalcy: IndiGo board steps in, forms crisis mgmt group

Board-led team includes chairman, ex-FAA chief, Amitabh Kant; ₹610 cr in refunds processed as airline eyes Dec 10 stability

HD Hyundai plans $2 bn shipyard in Thoothukudi; Tamil Nadu pitches policy

South Korea's HD Hyundai, one of the world's largest ship manufacturers, is planning to build a shipyard in Thoothukudi. The project may reportedly see an investment of around $2 billion

Ola Electric begins mass rollout of scooters powered by 4680 Bharat Cells

The model comes with a range of 320 km and gets four riding modes - Hyper, Sports, Normal and Eco

ED to file charge-sheet against Gurugram realty firm in PMAY fraud case

Swaraj Singh Yadav, the MD and 'key person' of the company named Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal probe agency on November 13

IL&FS to move NCLT to recover ₹187 crore excess pay from ex-directors

Moreover, IL&FS is also going to reopen the financial statements for 2018-19 and 2019-20. It has received approval from NCLT for incorporating impacts arising from the recast financial statements

IndiGo cancels over 220 flights in Mumbai, Delhi as disruptions continue

The disruptions have resulted in hundreds of flight cancellations and delays in the last few days, causing hardships to thousands of passengers

Deloitte to launch AI platform 'Tax Pragya' for faster client insights

Deloitte India Partner Sumit Singhania said Tax Pragya, which is set to be launched on December 9, has been built with direct and indirect tax-related data on over a million court cases

Wakefit raises ₹186 cr from Steadview, WhiteOak, Capital 2B ahead of IPO

With the anchor allocation completed, Wakefit is now set to launch its ₹1,289-crore initial public offering (IPO), which will open for subscription on December 8

Nalco plans to start Pottangi bauxite mines in Odisha by mid-2026

Dilip Buildcon Ltd had emerged as L-1 bidder for the development and operation of Pottangi bauxite mines

Ceat aims to boost global presence, developing tyres for different markets

The RPG Group firm garners around 20 per cent of its revenues from exports and expects the contribution to grow over the next few years

AceVector files updated IPO papers, targets ₹300 crore fresh issue

AceVector has filed an updated DRHP with Sebi to raise Rs 300 crore via a fresh issue and an OFS of up to 63.87 million shares. Founders won't sell; SoftBank, Nexus and Foxconn may