Page 6 - Company News

SP Group completes long-delayed debt fundraising worth ₹21,500 crore

SP Group, Tata Sons' largest minority shareholder, owns around 18.4% of the company's shares, has struggled for years to monetise the holding

Jindal Stainless supplied 40% steel for India's first hydrogen train

The company said its Jajpur and Hisar plants supplied the specialised stainless steel used in India's first hydrogen-powered train, flagged off by Prime Minister Narendra Modi

Reliance promoters raise stake via market purchases worth up to ₹9,000 cr

The promoter group increased its holding through market purchases under Sebi's creeping acquisition rules, taking its stake above 50%

CCI dismisses plea against Jio, 4,500 firms over anti-competitive conduct

The plea accused over 4,500 companies, including Reliance Jio Infocomm, of anti-competitive practices, including market sharing and bid-rigging.

Reliance Jio gets IN-SPACe approval for 1,600-satellite LEO network

Reliance Jio plans to deploy 1,600 low-Earth orbit satellites offering up to 5 Tbps capacity, with 20-22 ground stations to provide broadband and mobile satellite services across India

Tata Electronics to launch India's first chip fab using older technology

Tata Electronics is preparing to manufacture India's first large-scale semiconductor wafers using 90nm process technology at its Dholera plant, marking a shift from its earlier 28nm plans

McLeod Russel to sell tea gardens as NARCL withdraws insolvency bid

The tea producer plans to begin selling its first tranche of Assam gardens after the insolvency case was withdrawn, enabling it to proceed with debt restructuring

Weak earnings drag ICICI Lombard shares by 10% to second steepest fall

The general insurer's shares tumbled after a 46 per cent drop in June-quarter profit, as higher claims, reserve provisioning and competitive pressures weighed on profitability

PhysicsWallah raises Sarrthi IAS stake to 51%, takes majority control

Edtech firm completes the second tranche of its investment in Sarrthi IAS, taking majority control as it strengthens its presence in the civil services test-preparation market

ITC Hotels posts 36% rise in Q1 FY27 profit, flags West Asia uncertainty

The hospitality company reported higher June-quarter earnings on revenue growth but cautioned that the West Asia conflict has disrupted air travel and added to inflationary pressures

StanChart values partnership, expects tie-up to continue: ICICI Pru Life

The insurer says its decade-long bancassurance partnership with Standard Chartered remains strong despite speculation following Prudential Plc's Bharti AXA Life acquisition

Maruti to contest Raipur consumer court order over E20-compatible vehicle

Maruti Suzuki will challenge a Raipur consumer court order directing it to replace a customer's vehicle, saying the car was E20-compatible and the fuel was contaminated

South Indian Bank posts 17.3% rise in Q1 FY27 profit at ₹378 crore

Private sector lender's June quarter earnings were supported by higher net interest income, lower provisions and an improvement in asset quality despite a decline in other income

Mahindra's Chakan plant crosses 3 million vehicle production milestone

The BE 6 electric SUV marked the milestone as Mahindra's Chakan plant produced its latest one million vehicles in 27 months, compared with 107 months for the first million

Lenskart leases 88K sq ft office at Bharti Realty's Worldmark for ₹232 cr

The eyewear retailer has signed a nine-year lease for office space at Worldmark 6 in Delhi's Aerocity, with monthly rentals of Rs 1.86 crore and a 15 per cent escalation every three years

Aurum Proptech acquires Housing.com for ₹458 cr, eyes AI integration

Firm aiming to build India's first AI Native Realty Operating System

Sanjay Ghodawat Group, Nordstar launch ₹5,000 cr GDV real estate platform

The joint venture, NEVORA, will develop residential and commercial projects across Mumbai and Bengaluru, targeting a gross development value of Rs 5,000 crore over the next few years

Blackstone launches APAC infrastructure platform, appoints India infra head

Alternative asset manager launches Blackstone Infrastructure Partners in Asia Pacific and appoints former KKR executive Ami Momaya as its first dedicated infrastructure hire in the region

Customs joins Centre's case against Adani over airport nicotine pouch sales

Customs has told Bombay HC that duty-free shops enjoy tax benefits but remain subject to domestic regulations, backing health ministry's challenge to nicotine pouch sales at Adani-operated airport

Prestige Q1 pre-sales fall to ₹6,579 crore as sales volume drops 37%

Prestige Estates' residential pre-sales declined on a strong year-ago base, though collections rose 6.2 per cent and Hyderabad contributed nearly half of quarterly sales