Page 97 - Company News

US court orders Byju Raveendran to pay over $1 bn in Alpha-GLAS Trust case

Byju Raveendran plans to appeal US court's expedited default judgment, denies all allegations, and says GLAS Trust misled both Delaware court and public while blocking his ability to present a defence

US court orders Byju to pay over $1 bn on petition of Alpha, GLAS Trust

The judgment directed Byju to provide a full and accurate accounting of the Alpha Funds and any proceeds thereof, such as the Camshaft LP Interest, including each and every subsequent transfer

TPG, Warburg in talks to buy over $500 million stake in Sirion Labs

The transaction highlights investor interest in artificial intelligence-based digital businesses that automate processes and reduce employee time spent on procedural tasks

Adani Enterprises sells stake worth $279 million in AWL Agri Business

Data from NSE showed that Adani Commodities, a subsidiary of Adani Enterprises, sold 39.5 million shares in AWL Agri for ₹275.09 apiece

Too early to gauge impact of consumption push, says Starbucks India

Tata Starbucks says macro softness still weighs on sales, even as the chain expands its footprint and reassesses its 1,000-store target amid real estate and market constraints

Adani Group exits AWL with sale of remaining 7% stake in block deal

Domestic mutual fund houses, including Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF, and Bandhan MF, bought the stake

Skoda Auto Volkswagen India crosses 2 million local production milestone

SAVWIPL has crossed two million locally built vehicles, powered by strong sales, an India-focused platform strategy and rising exports across global markets

BoAt's local production jumps to 76%; hits 3x localisation in 2 years

IPO-bound wearable and audio brand cements its position as one of India's most vertically integrated consumer tech companies, manufacturing over 75 million units in India as of June 30, 2025

Ather rolls out Rizta scooter in Sri Lanka, accelerates global push

Launch with local distributor marks Ather's latest step in its international expansion

Tata Chemicals okays ₹910 cr investment to expand capacities in Gujarat, TN

Further, the company stated that the board also approved an investment of Rs 775 crore to expand precipitated silica manufacturing capacity at its plant in Cuddalore, Tamil Nadu

UBL finalises lease registration for brewery in UP, invests ₹750 crore

This expansion will be financed through debt and equity, it said in its exchange filing

Godrej Properties buys Nagpur land parcel with ₹755 cr revenue potential

The plot offers 1.7 msf of development potential and pushes the company past its Rs 20,000 crore annual BD guidance

Redrob raises $10 million in funding led by Korea Investment Partner

This brings Redrob's total funds raised to date to $14 million, following its earlier seed round of $4 million in 2023

IndiGo to invest $820 mn in IGA Financial Services for aircraft acquisition

The investment will be made through a combination of equity shares and 0.01 per cent non-cumulative optionally convertible redeemable preference shares

Maruti Suzuki picks up 8% stake in technology-led startup Ravity Software

This is the third investment under the fund with it having invested nearly Rs 2 crore each in Amlgo Labs in March 2024 and Sociograph Solutions in June 2022

Fire breaks out at Hindalco's New York plant, second time in over 2 months

Earlier, Hindalco Industries had said that the production at its plant in New York had been halted following a fire incident on September 16

Ather Energy expands product offering in Sri Lanka with Rizta launch

It marks the next step in Ather's international growth strategy, focused on expanding its product portfolio and strengthening its ecosystem in key international markets

Bharti Telecom readies second $1 billion debt issue in two months

The company is set to issue ₹9,000 crore ($1.01 billion) worth of bonds maturing in two years and in three years and is likely to pay a coupon of 7.25 per cent and 7.35 per cent, respectively

Godrej Properties acquires 75 acres in Nagpur, eyes ₹755 cr revenue

In a regulatory filing on Friday, the company informed that it has surpassed ₹20,000 crore annual target of new business development for this fiscal year

TPG to pump $1 billion into TCS data centre business HyperVault

TCS has entered a strategic alliance with TPG, which will invest $1 billion in HyperVault as both firms commit up to Rs 18,000 crore over the coming years to build GW-scale AI data centres