Page 2 - Company News

NCLT stays order approving Subhash Chandra's ₹6.25 crore repayment plan

NCLT stays approval of Subhash Chandra's ₹6.25 crore repayment plan, saying no clear majority emerged in earlier orders; it also bars Chandra from transferring or selling any property

JSW MG Motor India posts 14% rise in August wholesales at 7,508 units

JSW MG Motor India last month launched its Tomahawk SUV, built on the company's first SUV on its Multi-New Energy Vehicle platform, ADAPT

M&M vehicle sales jump 42% to 108K units in August on high SUV demand

Mahindra & Mahindra's domestic SUV sales rose 50% year-on-year to 59,257 units in August, while commercial vehicle sales grew 22% to 27,415 units

HFCL signs three-year optical fibre cable supply deal worth ₹2,329 crore

The three-year agreement will see HFCL supply high-fibre-count optical fibre cables to a global multinational customer through December 2029

Maruti raises FY27-31 capex target to ₹77,500 crore for expansion, R&D

Maruti Suzuki India plans ₹77,500 crore in capital expenditure through FY31 for capacity expansion, new models, R&D, cleaner manufacturing and sales infrastructure

Piramal Fin raises ₹2,100 cr via QIP; total fundraise at ₹3,850 cr

The NBFC raised ₹2,100 crore from institutional investors through a QIP and plans a ₹1,750-crore promoter warrant issue, subject to shareholder and regulatory approvals

Zomato to cut about 250 jobs as its shuts Hyderabad customer support centre

The affected employees work through third-party service providers as Zomato increasingly adopts AI and automation for customer support through its in-house Nugget platform

GRT Jewellers to acquire 74.12% stake in 162-year-old TBZ for ₹1,034 cr

GRT will also launch an open offer for another 26 per cent in TBZ under Sebi regulations, as the jewellery retailer looks to expand its presence across India

GRT Jewellers to acquire 74.12% stake in Tribhovandas Bhimji Zaveri

GRT will acquire the stake from the firm's top shareholders and launch an ​open offer for an about 26% additional stake, the companies ‌said in a press release.

ITC Infotech, Happiest Minds Technologies to merge in ₹1,330 crore deal

ITC will hold about 73.4 per cent in the merged company, which will have over 19,000 employees, serve 800 customers and target $1 billion in annual revenue by FY28

Coal India prepares to list MCL, SECL after board approval: B Sairam

The move follows the listings of BCCL in January and CMPDI in March 2026; Coal India is considering around 25 per cent equity dilution in MCL and SECL

Parth Jindal takes the wheel as JSW's auto ambitions gather pace

His elevation as chairman of JSW MG Motor comes as group expands MG, prepares its own cars and explores a potential partnership with Volkswagen

Brigade Enterprises forays into Coimbatore housing, eyes ₹600 cr revenue

Realty firm Brigade Enterprises Ltd on Monday said it has launched its first housing project in Coimbatore for sale and expects a total revenue of Rs 600 crore from this upcoming property.

SpiceJet seeks more time from Delhi HC to meet ₹144.5 cr payment dues

SpiceJet cited delays in receiving government-backed financial support as it sought more time to meet its payment obligations to KAL Airways and Kalanithi Maran

AIG Hospitals plans to invest ₹2,000 crore in 1,000-bed Vizag project

The greenfield multispeciality hospital will be developed in two phases over five years and is expected to create employment for around 9,000 people

South Eastern Coalfields, Mahanadi Coalfields IPO by year-end: CIL CMD

CIL Chairman and MD B Sairam said IPOs of two of its largest subsidiaries, South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd (MCL), will be completed within the current financial year

Hulic, HDFC Capital make 1st joint investment in Mumbai residential project

The investment, made through their joint senior secured debt platform, is in a residential development project in western Mumbai, the companies said

CCPA slaps ₹1 lakh fine on United Biscuits over 'wholewheat' claim

The CCPA found that the biscuits contained 19.5 per cent whole wheat, while refined wheat flour (maida) accounted for 52 per cent of the product, despite the product being marketed as 'wholewheat'

Zomato announces zero-tolerance policy on sale of analogue dairy dishes

Food delivery platform delists dishes declared as containing analogue dairy and says restaurant partners that remain non-compliant will also be removed

IOC boosted LPG output by 30% amid Iran war, refineries ran over capacity

Indian Oil ramped up LPG production and diversified crude sourcing as disruptions through the Strait of Hormuz threatened India's energy supplies amid the West Asia conflict