Page 2 - Company News

BSNL proposes ₹77K cr capex over next 5 years to break even by FY29

BSNL plans ₹77,000 crore of capex over five years to add 200,000 4G sites and expand 5G, targeting operational break-even by FY29

Zostel withdraws plea seeking Sebi action over claimed 7% stake in Oyo

The Delhi High Court allowed Zostel to withdraw its application and declined to intervene at this stage in Sebi's handling of its complaint over the claimed stake

Shiprocket bets IPO proceeds on AI as it expands beyond core shipping biz

Shiprocket plans to invest much of its IPO proceeds in AI and emerging businesses as it seeks to offer merchants technology spanning advertising, freight and commerce

Leela Palaces to invest up to ₹185 crore in subisdiary Buildminds

The investment in Buildminds will be made through subscription to Compulsorily Convertible Preference Shares (CCPS) in one or more tranches over one or more years

Hyundai eyes 1 mn connected-car sales by 2027 amid rising tech adoption

Connected-vehicle penetration across Hyundai's portfolio has risen five-fold since 2019, with the automaker targeting cumulative sales of over 2 million by 2030

Hyundai Motor India targets 1 million connected-car sales by 2027

Hyundai Motor India expects connected-vehicle penetration to rise as customers seek greater safety and convenience, with sales targeted to cross 2 million by 2030

Some employee data allegedly exposed, customer data unaffected: TCS

TCS said it had safeguards in place for more than two years against the method used to carry out the attack. The IT firm's operational systems have not been affected, it added

DBS Bank India sanctions ₹520 crore construction finance to K Raheja Corp

The facility will finance a 1.1 million sq ft Grade A commercial tower in Pune's Balewadi, amid strong office leasing demand and growth in the city's business districts

Embassy Reit bullish on India's market; eyes organic, inorganic growth: CEO

Embassy REIT owns and operates a portfolio of over 52 million square feet of office spaces across Bengaluru, Mumbai, Pune, Delhi-NCR and Chennai

Dabur accuses FSSAI of favouring rivals over '100%' product claims

Dabur has accused FSSAI of favouring other manufacturers over its restrictions on "100 per cent" claims on food products

Thermo Fisher eyes 15-20% India customer growth on biopharma research boost

The US-based company said it is eyeing continued double-digit growth in India driven by rising demand from biopharma, semiconductor, and clean energy sectors

Airtel Business, ITI partner to provide digital solutions to enterprises

The move is expected to enhance Airtel Business' share in the public sector, including Defence sector, by leveraging quota of ITI Ltd

CESC unit to acquire renewable assets from ReNew Solar for $510 million

The transaction, expected to close before October 31, will be funded by the parent company, and will accelerate the group's plan to build a 10 GW renewable energy platform over the next few years

Mahindra Group announces Amit Sinha CEO of Holidays and Lifespaces sector

The move comes amid the group's strategic focus on Holidays and Lifespaces sectors aimed at accelerating growth and realising operational synergies across businesses

IFC to invest ₹225 crore in NDR Smart Spaces for warehousing expansion

The International Finance Corporation (IFC) on Monday announced an equity investment of Rs 225 crore (around USD 23 million) in NDR Smart Spaces.

Blue Cloud Softech's US arm signs $150 mn AI infra deal with SpaceX Int'l

Blue Cloud's US subsidiary will provide AI infrastructure, cybersecurity, telecommunications and data centre solutions to SpaceX International under an 18-month agreement

Tata Trusts meets this week ahead of high-stakes AGM over quorum concerns

Tata Trusts is set to meet on August 13 ahead of Tata Sons' August 18 AGM, with quorum concerns and N Chandrasekaran's reappointment among key issues

Premiumisation to bolster retail portfolio: Senior DLF executive

DLF expects its retail portfolio to sustain healthy growth as premiumisation lifts footfalls, consumption rises 11-12 per cent and new mall projects support rental income

Maruti Suzuki posts record sales, eyes faster path to next million vehicles

Maruti Suzuki expects small-car revival, new SUVs, capacity expansion and record exports to help it reach its next million-vehicle sales milestone sooner than anticipated

Signature Global eyes low-rise, large-format projects beyond NCR market

The Gurugram-based developer is eyeing low-rise, large-format projects outside Delhi-NCR while targeting launches worth Rs 15,000 crore and sales of Rs 10,000 crore in FY27