Page 19 - Company News

Puravankara launches 6.99-acre Purva Silversky premium project in Bengaluru

The 356-unit project in Hebbagodi, Electronic City, features large-format 3-5 BHK homes, a 17,700 sq ft clubhouse and over 45 lifestyle amenities across an elevated podium

GEG sharpens AI push, eyes robots in ₹1,200 crore digital transformation

Mumbai-based conglomerate's Project Amethyst to create AI agents and intelligent robots across 14 business units

Nissan targets 100k exports in FY27 as part of renewed India growth plan

Nissan aims for 100,000 exports and 100,000 domestic sales in FY27 as it launches three new locally built models and leverages India's FTAs to strengthen its global supply base

Big plans on India, $300 mn project investment soon: CMA CGM chairman

CMA CGM chief Rodolphe Saade outlines $650 million-plus India expansion plan spanning shipbuilding, ports and logistics.

BharatGen unveils Param2 17B multilingual MoE model under sovereign AI push

BharatGen has introduced Param2, a 17-billion-parameter multilingual MoE model optimised for Indic languages, strengthening India's sovereign AI capabilities and digital mission

SAIL moves court after CCI flags suspected cartelisation in steel industry

SAIL has sought detailed findings from the CCI after the regulator indicated suspicion of cartelisation among major steelmakers, prompting the PSU to initiate legal steps

FedEx to invest ₹2,500 cr in automated cargo hub at Navi Mumbai airport

The investment will support a proposed 300,000 square feet facility designed as a regional consolidation and redistribution hub and developed in partnership with Adani Airport Holdings (AAHL)

Rising temperatures to drive 30% growth in Mother Dairy's summer sales

As summer approaches with a steady rise in temperatures, Mother Dairy on Wednesday said it expects 30 per cent growth across key categories such as ice creams, curd, and dairy beverages. "With an early onset and a steady rise in temperatures, this year's summer season looks promising for the industry as a whole. We anticipate upwards of 30% growth across key categories such as ice creams, curd, dairy beverages, etc. and are fully geared to meet this surge with enhanced capacities, a robust cold chain, and early asset mobilisation," Mother Dairy Deputy Managing Director Jayatheertha Chary said in a statement. He said, innovation and product localisation are at the heart of our summer plans across both ice cream and fresh dairy portfolios. The wholly-owned subsidiary of the National Dairy Development Board (NDDB) highlighted that consumers can look forward to around 30 new offerings - from an industry-first 2-in-1 Matka and Tubs, indulgent Premium Cups and Cones in exciting flavours,

How Meesho's co-founder built e-commerce for price-conscious India

Sanjeev Kumar engineered AI-led systems tailored to low-end smartphones, regional languages and first-time shoppers, helping Meesho scale to 250 million annual transacting users

Eli Lilly eyes India as global manufacturing hub amid rising drug demand

Sales of the blockbuster weight-loss drug doubled within months of its launch in India, and became its top-selling medicine by value

BSNL eyeing soft launch of 5G in six months, says CMD Robert Ravi

BSNL targets 5G soft launch in Delhi within six months, expands AI-led network optimisation and rural edge infrastructure as 4G rollout nears completion

Dabur elevates Mohit Malhotra as global CEO, names Herjit Bhalla India CEO

Bhalla, who will take over the role on April 15, is currently vice ‌president, Canada & Global Customers at U.S.-based confectionery giant Hershey Co

Looking to build CMF as independent brand: Nothing co-founder Evangelidis

Company is also looking to hire more employees in India, where it currently has 150-odd employees, will onboard talent based on the needs and growth of its brands, Nothing and CMF, Evangelidis said

NPCIL reconnects Tarapur Atomic Power Station's Unit-1 to power grid

The Nuclear Power Corporation of India Limited (NPCIL) has announced the successful reconnection of Tarapur Atomic Power Station's Unit-1 (TAPS-1) to the electricity grid following a landmark life-extension programme. The achievement marks a major milestone for the country's oldest nuclear facility, which has undergone extensive renovation and modernisation to ensure long-term operational reliability, the NPCIL said on Monday. An official release issued by the NPCIL said the life-extension activities were executed under "stringent regulatory oversight" and align with global nuclear safety standards. "The successful completion of such complex activities in this reactor type reflects NPCIL's engineering excellence and strong Renovation and Modernisation capability," it said, noting that TAPS-1 and its twin Unit-2 are currently the oldest reactors in operation globally. The comprehensive upgrade involved high-end engineering interventions to enhance safety margins. The NPCIL also ...

Eternal partners with OpenAI to boost AI across Zomato, Blinkit, District

Food delivery firm on Tuesday said it has expanded strategic collaboration with OpenAI to enhance artificial intelligence (AI) capabilities across its businesses, including Zomato, Blinkit, District and Hyperpure, along with its partner platforms and internal systems. The collaboration, which also covers Eternal's Feeding India initiative and AI-native venture - Nugget, will focus on AI deployments across Eternal's apps, and underscores the growing role of AI in India's digital commerce sector. Eternal will also work with OpenAI's Enterprise API platform to explore new ways customers and partners interact with its platforms, deploy advanced AI tools within partner applications and integrate advanced coding models into its in-house AI orchestration platform, it said in a statement. Eternal is strengthening AI infrastructure across its consumer and enterprise platforms, building AI as foundational infrastructure across its commerce ecosystem. "Through this collaboration, the company

CCPA fines Snapdeal ₹5 lakh for selling toys violating BIS standards

The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 5 lakh on e-commerce platform Snapdeal for selling toys that do not comply with mandatory Bureau of Indian Standards certification, violating the Toys (Quality Control) Order, 2020. A final order against Snapdeal (Ace Vector Limited) has been issued after taking suo-motu cognizance of the matter, CCPA Chief Commissioner Nidhi Khare told PTI. The CCPA has also issued notices to other e-commerce entities including Amazon and Flipkart, along with sellers such as Stallion Trading Company and Electronics Bazar Store, she said. Besides the penalty, the CCPA has directed Snapdeal to ensure future compliance by guaranteeing that no non-compliant BIS standard toy is listed, hosted, or advertised on its platform. The platform has also been asked to prominently display contact numbers, e-mail addresses, and Grievance Officer details to facilitate prompt consumer redressal. The Toys (Quality Control) Order, 2020 beca

Markolines Q3FY26 result: Net profit jumps 12% to ₹6.78 crore

Highway solutions provider Markolines has reported a 12 per cent year-on-year rise in consolidated net profit to Rs 6.78 crore for the quarter ended December 2025. The company had posted a net profit (profit after tax) of Rs 6.05 crore in the corresponding quarter of the previous fiscal. For the nine months ended December 2025, PAT stood at Rs 14.87 crore compared with Rs 10.43 crore in the year-ago period, while revenue rose to Rs 243.34 crore from Rs 185.92 crore. The company's CMD Sanjay Patil said revenue growth was driven by healthy project execution and improved billing traction, while profitability gains were supported by cost discipline and better project mix. Markolines provides highway operations and maintenance (O&M) and specialised road preservation services in India.

Diamond Power Q3FY26 results: Net profit up 693% to ₹49.72 crore

Diamond Power Infrastructure has reported a multifold jump in its net profit to Rs 49.72 crore for the October-December quarter of 2025-26 compared to the year-ago period. The Vadodara-based integrated power transmission and distribution solutions provider had reported a net profit of Rs 6.27 crore in the year-ago period, a company statement said. Its revenue from operations rose by Rs 474.71 crore in the third quarter of 2025-26 compared to Rs 307.51 crore in the year-ago period, it added. Diamond Power Infra said its EBITDA stood at Rs 69.76 crore in Q3 FY26 against Rs 16.03 crore in the year-ago quarter.Gross margins improved to 23.3 per cent in Q3 FY26 against 14.3 per cent ayear ago. Going forward, the company plans to focus on retail and new energy products and invest in newer technologies in the next two financial years, it added.

Black Box signs ₹275 cr Brazil deal in boost to global digital infra push

Essar Group firm advances India and overseas strategy amid rising demand for data centre, network and cybersecurity services

CleanMax's ₹3,100 crore IPO to open on Feb 23, price band set

Clean Max Enviro Energy Solutions, a commercial and industrial (C&I) renewable energy provider, on Tuesday said its Rs 3,100-crore initial public offering will open for subscription on February 23. The company has fixed a price band of Rs 1,000-1,053 per share, valuing it at Rs 12,325 crore at the upper end. The company's IPO will conclude on February 25, while the bidding for anchor investors will take place on February 20. The proposed IPO comprises a fresh issue of shares worth up to Rs 1,200 crore and an offer-for-sale (OFS) of shares valued Rs 1,900 crore by promoters and an investor shareholder, Clean Max said in a statement. The IPO size has been reduced from Rs 5,200 crore planned earlier according to the preliminary papers filed in August 2025. The OFS consists of offloading of shares by founder Kuldeep Pratap Jain, BGTF One Holdings (DIFC) Ltd, KEMPINC LLP, Augment India I Holdings, LLC, and DSDG Holdings APS. Proceeds from the fresh issue amounting to Rs 1,125 crore .