Page 7 - Company News

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The tea producer plans to begin selling its first tranche of Assam gardens after the insolvency case was withdrawn, enabling it to proceed with debt restructuring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

NPCIL-NTPC JV invites bids to build core of Mahi Banswara nuclear project

The project at Mahi Banswara will be the country's first nuclear generator that is not fully-owned by Nuclear Power Corp., which currently operates India's entire atomic energy capacity of 8.8 gigawat

Foreign ownership in Adani Enterprise hits record low as locals buy

Foreign portfolio investors held a combined 8.8% stake at the end of the June quarter, the lowest since 2009 when Prime Infobase began tracking the data

TCS, Google Cloud partner to launch Gemini experience centre in Kolkata

The Kolkata centre will enable enterprises in retail, consumer packaged goods, and travel, tourism and hospitality to co-create, test and scale AI-led solutions

Air India revamps mobile app with India-specific payment features

The main enhancements in the app pertain to assistance during flight disruptions, payment system updates and in-house internet booking engine, according to Air India

HDFC Mutual Fund buys 1.43% stake in Jupiter Life Hospitals for ₹139 crore

HDFC Mutual Fund acquired 937,000 shares, representing a 1.43 per cent stake in Jupiter Life Line Hospitals, through block deals