Page 13 - Company News

Ather rolls out Rizta scooter in Sri Lanka, accelerates global push

Launch with local distributor marks Ather's latest step in its international expansion

UBL finalises lease registration for brewery in UP, invests ₹750 crore

This expansion will be financed through debt and equity, it said in its exchange filing

Toyota Kirloskar, Maharashtra to set up 45 ITI automotive training labs

Toyota Kirloskar Motor and Maharashtra's Directorate of Vocational Education and Training (DVET) on Thursday signed an agreement to establish well-equipped laboratories in 45 Industrial Training Institutes (ITIs) across the state to strengthen automotive skills training. The agreement was signed by Toyota Kirloskar Motor senior vice-president Vikram Gulati and DVET director Madhavi Sardeshmukh at Mantralaya (state secretariat) in the presence of Skill Development Minister Mangal Prabhat Lodha. Speaking on the occasion, Lodha said the agreement would enhance training quality and create employment opportunities for students. "This partnership will offer world-class training and open global job prospects for our youth," he said. As part of the agreement, Toyota Kirloskar Motor will set up advanced laboratories for Light Motor Vehicle (LMV) technician courses in 45 ITIs and train instructors appointed to these facilities. The initiative is expected to benefit around 8,000 ITI students

CoC approves JSW Energy's resolution plan for Raigarh Champa Rail Infra

JSW Energy has secured the approval of the creditors of Raigarh Champa Rail Infrastructure for its proposal to acquire the debt-laden entity currently under the insolvency process. JSW Energy acquired KSK Mahanadi Power Company Ltd (KMPCL), a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process, in March this year. After the KMPCL acquisition, JSW Energy held significant indirect ownership in Raigarh Champa Rail Infrastructure Private Limited (RCRIPL), which is the sole provider of rail infrastructure for coal transportation services to KMPCL. In an exchange filing on Thursday, JSW Energy said, "We wish to inform that the resolution plan submitted by the company for RCRIPL under the corporate insolvency resolution process has been approved by the Committee of Creditors". JSW Energy said it received a Letter of Intent from the Resolution Professional on Wednesday. The closure of the transaction will be subject to the receipt of approval f

Kyndryl renews pact with Vodafone Idea to upgrade IT and cybersecurity

US-based IT firm Kyndryl on Thursday announced a three-year partnership renewal with Vodafone Idea (Vi) to transform the telecom operator's IT operations and provide a unified and integrated cyber resilience framework. Kyndryl will develop and implement a cyber resilience framework centred on security governance, zero-touch services, data protection, identity and access management, security operations, and incident recovery. The company will also revamp Vi's cybersecurity architecture to improve compliance with upcoming regulatory requirements, the company said in a statement. Further, Kyndryl will deploy a next-generation IT operations delivery model based on advanced automation and data-driven insights, alongside driving large transformation projects in backup, storage management and continuous data protection (CDP) to provide the telco with enhanced operational agility and reduce costs. Vodafone Idea will continue to use Kyndryl Bridge, an AI-driven integration platform, to boos

Unilever considers sale of British brands Marmite, Bovril, Colman's: Report

The London-listed company is considering shedding the century-old, yeast-based spread Marmite brand, the people said

Ultrahuman raises ₹100 crore in venture debt to fuel market expansion

The Bengaluru health-tech firm plans to use the Alteria Capital financing to scale its wearable ecosystem, deepen product innovation and expand sports and research partnerships

KKR aims to raise $15 billion in new Asia private equity fund: Report

KKR started marketing the fund to investors this week, said the sources, who all declined to be named as the information was confidential

Ashok Leyland gears up to roll out new range of heavy-duty diesel trucks

Hinduja group flagship Ashok Leyland is gearing up to expand its diesel truck range as it remains optimistic for industry growth in the rest of the fiscal, according to company's MD and CEO Shenu Agarwal. He noted that the commercial vehicle major is working on improving its R&D resources to help it reduce the time to market and respond quickly to the changing market and regulatory requirements. Within the diesel range, we are preparing to soon launch a completely new range of heavy-duty trucks with power ratings of 320 and 360 horsepower. These new trucks are built with next-level of heavy-duty aggregates, delivering unmatched reliability, Agarwal said in an analyst call. These products would be fitted with six-cylinder engines, delivering highest peak torque in the respective segments, enabling customers best-in-class turnaround time and therefore more earnings per month, he added. Agarwal stated that the company's non-diesel portfolio is continuously expanding, with two models .

JSW MG Windsor EV crosses 50,000 sales in under 400 days of launch

MG's Windsor EV has crossed 50,000 sales in just over 13 months, becoming India's fastest four-wheeler EV to reach the milestone and sharply lifting the company's electric vehicle market share

HDFC Bank tops India's most valued brands for 2025, overtaking TCS

Zomato emerges fastest-rising brand for second year in a row

Stan secures investment from Sony Innovation Fund in Series A round

Social gaming platform Stan has added Sony Innovation Fund to its Series A round, taking total fundraising to $10.5 million as it ramps up AI-led personalisation, creator tools and global expansion

Reliance Consumer Products debuts Waggies in India's pet-care space

Reliance Consumer Products has forayed into the pet-care market with Waggies, an affordable nutrition-focused brand that includes trial packs aimed at attracting first-time consumers

SC may send Adani Krishnapatnam Port's plea on environmental penalty to NGT

SC may refer Adani Krishnapatnam Port's challenge against an NGT environmental penalty back to the tribunal, as the company claims it wasn't granted a proper hearing

Microsoft chairman Satya Nadella's three-day India visit to begin Dec 10

Microsoft Chairman Satya Nadella will visit India from Dec 10-12. He is expected to meet PM Modi to discuss $3 bn AI and Cloud investment and skilling 10M Indians by 2030

10 years on, Kalinganagar complex becomes Tata Steel's growth spine

A project forged through resistance and reinvention now readies for its next leap - towards 16 mtpa capacity

Prestige plans up to ₹10,000 crore capex for West India portfolio

Prestige Estates Projects plans ₹8,000-10,000 crore capex to expand its residential and commercial footprint in MMR and Pune, driven by new launches, redevelopment and township-led growth

DreamFolks eyes diversification beyond airport lounge services in India

Global airport lounge operations unaffected by India exit; co aiming for margin growth from new ventures

NBCC sells rights for 609 Amrapali units to AU Real Estate for ₹1,069 cr

NBCC sold selling rights for 609 units in Amrapali's Aspire Leisure Valley and Centurion Park to AU Real Estate to raise funds for completing stalled housing projects

TCS bags 5-year NHS Supply Chain deal to deploy cloud, AI solutions

Tata Consultancy Services (TCS) on Tuesday said it has been chosen by the National Health Service (NHS) Supply Chain to provide application development, support and maintenance for its core business systems and cloud infrastructure, for five years. TCS will deploy a host of cloud and AI-enabled solutions to modernise NHS Supply Chain's IT systems and enhance overall operational efficiency, the company said in a regulatory filing. TCS will replace NHS' legacy systems with a modern supply chain, enterprise resource planning solution for faster time-to-market, seamless scalability, and enhanced customer experience. TCS will also transform the legacy operations into a product and platform-based IT operating model, enabling NHS Supply Chain to make smarter deliveries and operate more strategically. "This shift will strengthen our resilience, improve user experience, and enable us to respond faster to changing business and customer needs. Ultimately, it will enhance our operational ...