Page 14 - Company News

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 ...

iBUS, Rustomjee join hands to build digitally ready, future-proof homes

iBUS has partnered with Rustomjee to build future-ready digital infrastructure across its Mumbai projects, offering residents stronger connectivity, smarter living and seamless tech integration

Centre seeks more time from Supreme Court to reply to Sahara's plea

Supreme Court gave the Centre four more weeks to reply to Sahara's bid to sell assets - including Aamby Valley and Sahara Shahar - to Adani Properties amid pending dues and refunds

Advent Hotels plans to expand in metro cities, focus on luxury segment

Mumbai-based Advent Hotels International is set to list on the BSE and NSE on November 13 and plans to expand in metro cities through upper upscale and luxury hotels

Airtel brings mobile connectivity to Man and Merak near Pangong Lake

Telecom operator Bharti Airtel has expanded its network footprint to Man and Merak -- two of the remotest villages on the Eastern Border of Ladakh -- near the world-famous Pangong Lake, the company said on Monday. Airtel said the expansion of the network connects the entire route between Chushul and Pangong Tso (Pangong Lake), which is at the Line of Actual control. "Located along the stretch between Man and Merak villages on the eastern border of Ladakh, this area has long struggled with zero connectivity and no telecom network availability, leaving a vast corridor of approximately 50 kilometres without coverage. High-speed network rollout in these villages marks a transformative moment, enabling residents, security forces, and tourists to stay connected in one of India's toughest terrains," Airtel said in a statement. With this deployment, the entire route between Chushul and Pangong Tso is connected, significantly boosting the tourism potential of this globally renowned ...

NBCC bags ₹498 crore contract to build integrated township in Jharkhand

State-owned NBCC Ltd has bagged a nearly Rs 500 crore contract from Damodar Valley Corporation to construct a township in Jharkhand. In a regulatory filing on Monday, the company informed that it has secured a Rs 498.30-crore order from Damodar Valley Corporation. The order pertains to the construction of an integrated township at Chandrapura Thermal Power Station, Chandrapura, Jharkhand. Recently, NBCC Ltd has reported a 25 per cent increase in consolidated net profit to Rs 156.68 crore for the September quarter on higher income. Its net profit stood at Rs 125.13 crore in the year-ago period. The total income rose to Rs 3,017.15 crore in the July-September period of the current fiscal year from Rs 2,512.95 crore in the year-ago period. NBCC is into engineering, procurement and construction (EPC), project management consultancy (PMC) and real estate businesses.

Infosys launches AI-first GCC model to accelerate enterprise transformation

Infosys aims to help companies build AI-powered global capability centres through an end-to-end GCC model focused on innovation, scalable talent and operational readiness in an AI-first ecosystem

Pfizer launches Rimegepant ODT in India to tap $200 mn migraine market

Pfizer has introduced Rimegepant ODT for adults who do not respond well to triptans, entering a migraine market nearing $200 million, projected to double by 2030 as India faces rising disease burden

Infibeam Avenues, PayU receive RBI authorisation to operate as PA-P

Infibeam Avenues, PayU have received RBI approval to operate as physical payment aggregators, enabling them to deploy PoS devices and expand their offline payments footprint

Greenbay Infra launches ₹400 cr luxury project, eyes ₹1,000 cr revenue

The launch comes five months after YEIDA had warned the developer of cancelling its allotment for a 100-acre Greenbay Golf Village over failure to deposit outstanding dues at the time

Sellwin Traders to buy 36% of Kumkum wellness in preferential share swap

Sellwin Traders on Monday said it has signed a memorandum of understanding to acquire a 36 per cent stake in Kumkum Wellness in a share swap deal. Under this agreement, Sellwin Traders plans to acquire an initial 36 per cent equity stake in KWPL (Kumkum Wellness Pvt Ltd), with an option to increase its holding up to 60 per cent within the next 18 months, Sellwin Traders said in a statement, adding that this phased acquisition underscores Sellwin Traders's confidence in KWPL's business model and long-term growth potential. Under the share swap deal, Sellwin will issue its equity shares on a preferential basis to KWPL and its shareholders at Rs 15 per equity share, it said. The MoU also sets a clear roadmap within which the parties aim to formalise definitive agreements by 31 December 2025. Monil Vora, Director, Sellwin Traders Limited, said, "We are excited to embark on transformative global partnerships, reaffirming our growth-centric vision". Vora added that the phased acquisitio

Juspay aims for $1 bn revenue before exploring IPO: Fintech's cofounder

Global expansion will drive growth before any listing move, says Sheetal Lalwani

Biyani sisters' Foodstories sees triple-digit growth in 1st year of launch

Since the first store at Ambience Mall in New Delhi's Vasant Kunj, the chain has expanded to Bengaluru's Lavelle Road and Hyderabad's Banjara Hills

Dish TV Q2 results: Net loss widens to ₹132.6 crore, revenue drops 26.4%

Direct-to-home firm Dish TV India Ltd on Friday reported a widening of its consolidated net loss to Rs 132.65 crore in the September quarter of FY26 on account of a rise in alternative entertainment options, inflationary pressures, and currency depreciation. The company had reported a net loss of Rs 37.38 crore in the July-September quarter a year ago, according to a regulatory filing from Dish TV. Its revenue from the operation slipped 27.41 per cent to Rs 291.13 crore in the September quarter. The same was Rs 395.62 crore in the corresponding quarter. Dish TV "EBITDA for 2Q FY26 stood at Rs 31.8 crore, a decrease of 77.9 per cent year-over-year," the company said in its earnings statement. "The decline in EBITDA was primarily due to the rise of alternative entertainment options, inflationary pressures, and currency depreciation. However, the company is confident that its new initiatives will begin to yield results in the coming quarters," it said. Total expenses of Dish TV were