Page 5 - Company News

Jio completes 10 years of operations, Akash Ambani thanks employees

Reliance Jio has completed 10 years of operations, with chairman Akash Ambani thanking employees for their role in building the telecom company and its digital services

RBI approves LIC to acquire up to 9.99% stake in ICICI Bank within a year

RBI has approved LIC to acquire up to 9.99 per cent of ICICI Bank's paid-up share capital or voting rights within one year, subject to regulatory conditions

Cyrix Healthcare acquires Blue Star E&E's MedTech Solutions business

The acquisition also bolsters AURUM, Cyrix's refurbished medical equipment business, by enhancing its capacity to handle refurbished CT and MRI systems

NCLT stays ₹16-cr sale of Byju's K3-linked assets, flags valuation concerns

The NCLT has ordered status quo on assets sold by Byju's parent Think and Learn, amid allegations that assets worth ₹1.5 billion were sold for ₹160 million

TCS selects Hyderabad for HyperVault's 1 GW AI data centre campus

TCS subsidiary HyperVault has selected Hyderabad for a 1 GW AI data centre campus, with investments of up to ₹70,000 crore planned by the company and its partners

PVR Inox executive asked to leave amid alleged ₹200 crore kickback probe

PVR Inox asked senior executive Pramod Arora to leave in April after an internal probe into alleged kickbacks worth ₹200 crore from developers involved in cinema projects, The Economic Times reported

Tata Motors launches all-cash offer for Iveco; acceptance opens September 7

Tata Motors will offer 14.10 euros per common share to acquire all shares of Italian commercial vehicle maker Iveco Group, with the acceptance period running from September 7 to October 26

Hindustan Unilever aims to chase premiumisation, enter new spaces

FMCG major targets volume-led profit growth and premiumisation, while stepping up investments in premium brands, quick commerce, specialised channels and AI capabilities

Fully compliant after Kenya orders it to exit Magadi mine: Tata Chemicals

Tata Chemicals on Friday said its Kenyan subsidiary is "fully compliant with the regulatory requirements" and has submitted all documentation sought by the government, pushing back

NCLT questions EY's 1% success fee, rejects insolvency plea against Mobase

Tribunal says EY's fee arrangement and its enforceability require examination beyond Section 9 proceedings; clarifies it made no finding of professional misconduct

RenewBuy-InsuranceDekho merged entity plans to deepen presence across India

Combined entity plans to expand its agency network and distribute insurance, mutual funds and loans, while targeting deeper penetration across India's villages

Multiple triggers boost Street view of Lodha, brokerages see upside

Strong launch pipeline, improving balance sheet and potential gains from higher land prices at Palava underpin brokerages' positive outlook on Lodha Developers

RBI imposes ₹6.2 lakh penalty on Hinduja Leyland Finance for violations

Central bank cites lack of a board-approved policy on microfinance loan pricing and activities amounting to synthetic securitisation following an inspection

Azad Moopen family raises stake in Aster DM Quality Care to 24.58%

Promoter family buys 0.57% stake from TPG-backed Centella, two months after Aster-Quality Care merger became effective

Tata Motors PV expands South Africa portfolio as exports gather pace

Nexon enters market as Osprey, becoming Tata's fifth PV offering; India already supplies over half of South Africa's light-vehicle imports

Zollner enters India with Avalon JV, to invest ₹1,000 crore in TN unit

European EMS major Zollner will initially own 51 per cent of the venture, which will manufacture high-precision electronics at a new facility in Kanchipuram

Moustache appoints PwC to raise ₹30-35 crore from family offices

The hospitality chain plans to tap family offices first and institutional investors later as it targets nearly 100 properties by the end of next year

Italian market regulator clears Tata Motors' tender offer for Iveco shares

TML CV Holdings will offer €14.10 per Iveco share, with the initial acceptance period running from September 7 to October 26 and payment scheduled for October 30

Ola Electric's first dealer-partner stores now open across seven states

Ola Electric has opened its first dealer-partner stores across seven states, marking a shift from its fully company-owned retail model to a network-led approach

JSW Energy's operational capacity crosses 15 GW, renewables at 60%

JSW Energy's total operational capacity has crossed 15,025 MW, with renewables accounting for 9,067 MW or 60 per cent, while the company remains on track for 3 GW of greenfield additions in FY27