Page 3 - Company News

Kian-M Export files IPO papers with Sebi to raise ₹500 cr via fresh issue

Apart from the fresh issue, there will be an offer for sale (OFS) of up to 15 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday.

Dabur gets NCLT's nod to absorb Ayurvedic hair oil brand Sesa Care

The merger will become effective after completion of necessary statutory filings and other conditions stipulated under the scheme

Kalpataru Projects International bags new orders worth over ₹2,000 crore

Kalpataru Projects International Limited (KPIL) on Thursday said the company has secured new orders worth around Rs 2,025 crore in the domestic and international markets. The projects have been secured by the company's Power Transmission & Distribution (T&D) business, Buildings and Factories (B&F) business and Oil & Gas business, KPIL said in an exchange filing. Manish Mohnot, MD & CEO, KPIL, said, "We have secured orders worth Rs 13,219 crore so far in the current fiscal year (YTD FY27). Additionally, we are favorably placed / L1 for orders exceeding Rs 12,000 crore, giving us strong confidence in achieving our targeted growth numbers." Kalpataru Projects International Limited (KPIL) is a leading engineering and construction company in the power and infrastructure sector.

Optimo Capital appoints former RBI CGM as an independent director

Bengaluru-based non-banking finance company Optimo Capital on Thursday said it has roped in former RBI Chief General Manager Shrimohan Yadav as an independent director on its board. In this role, he will guide the company's board on governance, risk and regulatory matters and will serve on certain important board Committees, the company said. Yadav served as Chief General Manager in the department of regulation, overseeing the licensing and ownership of private sector banks, small finance banks and payments banks, along with bank acquisitions, restructuring and governance. He currently serves as an independent director across the boards of a leading small finance bank and NBFCs and also acts as a senior Advisor to prominent firms in the financial services, the company said. As Optimo works toward its target of Rs 1,200 crore in assets under management, from Rs 441 crore at present, by the end of March 2027, Yadav's rich experience will be instrumental in ensuring that its ...

Aquapulse eyes threefold revenue growth, expands footprint in Andhra

The aquaculture firm plans to expand its farmer network to 10,000 and shrimp procurement to 5,000 tonnes as it deepens its presence across key producing regions

India's JSW Group wants Volkswagen to cover $1.4 billion tax liability

The tax issue stems from the Indian govt's allegation that VW misclassified some vehicle assembly kits imported from certain countries between 2012 and 2024 that reduced the levies it had to pay

CIAL launches aviation consultancy services to expand beyond airport ops

CIAL is set to leverage its expertise in airport development and operations to enter new markets with the launch of aviation consultancy services. Keralam Chief Minister V D Satheesan said CIAL's experience and technical capabilities would be leveraged to provide specialised services to airports and aviation stakeholders across the country. Addressing shareholders at Cochin International Airport Limited's 32nd Annual General Meeting here, the CM said the initiative would open up new avenues for deploying the company's expertise beyond its own operations. The AGM approved the Board of Directors' recommendation to distribute a 55 per cent dividend to shareholders. CIAL will offer consultancy services in airport planning and development, runway development, cargo operations, ground handling and commercial activities, according to a statement. The services will be offered under CIAL ACES (Aviation Consultancy and Expert Services), a new division established by the company. Its first .

Check Point Software appoints Krishnan V V as MD for India, South Asia

Cybersecurity solutions provider Check Point Software Technologies on Wednesday announced the appointment of Krishnan V V as its Managing Director and Country Head for India and South Asia, effective immediately. In his new role, Krishnan will oversee the company's business strategy, profit and loss (P&L) performance, go-to-market execution, and organisational development across the region, according to a company statement. He will report to Ruma Balasubramanian, President, Asia Pacific & Japan (APAC & Japan), the company said. Krishnan brings over three decades of leadership experience. Before joining Check Point, he served as Country Director - BFSI at Palo Alto Networks. He has also previously held senior leadership positions at several companies, including Wipro, Sun Microsystems, Oracle, Symantec and Seclore. "India sits at the centre of many of the world's most important technology and business transformations. As AI adoption accelerates, organisations are looking ...

Meesho shares worth ₹900 cr change hands in block deal; stock falls 1.6%

Nifty 50 hits two-week high as crude softens on US-Iran diplomacy hopes

Amazon Pay India FY26 net loss widens to ₹1,148.5 crore, revenue up 18%

Digital payments firm Amazon Pay India Private Limited has reported a widening of its standalone net loss to Rs 1,148.5 crore for the financial year ended March 31, 2026, according to documents accessed via business intelligence platform Tofler. The company had posted a net loss of Rs 865.7 crore in the previous financial year (FY25). Revenue from operations grew 18.5 per cent to Rs 2,484.4 crore during the fiscal under review, up from Rs 2,096.6 crore in FY25. Total revenue, which includes other income of Rs 108.2 crore, increased 18.11 per cent to Rs 2,592.6 crore in FY26. The company's total expenses surged by 22.22 per cent to Rs 3,741.1 crore in FY26 compared to Rs 3,060.8 crore in FY25. The increase in expenditure was primarily led by an escalation in 'other costs', which rose to Rs 3,486.9 crore from Rs 2,835.3 crore in the year-ago period. Employee costs climbed to Rs 224.9 crore from Rs 213.4 crore in FY25. Incorporated in 2011, Amazon Pay India is a subsidiary of US-bas

Samsung India profit falls 36% to ₹7,228 crore; mobile revenue declines

Samsung India Electronics profit declined 36 per cent to Rs 7,228.10 crore for the financial year ended March 31, 2026, according to a RoC filing by the consumer electronics major. However, its revenue from operations rose slightly by 1.2 per cent to Rs 1.12 lakh crore in FY26, according to financial data accessed through the business intelligence platform Tofler. Samsung India Electronics reported revenue from operations of Rs 1,11,183.40 crore on a consolidated basis for FY25, and its profit stood at Rs 11,287.50 crore. Its total consolidated income, which includes other income, was Rs 1,14,738.60 crore (1.14 lakh crore) in FY26. An email sent to Samsung India Electronics seeking comments regarding the filing remained unanswered at the time of the story filing. Part of the South Korean chaebol Samsung Electronics operates in segments such as mobile phones, tablets, televisions, home appliances and computers in the Indian market. Samsung India Electronics gets its major contribu

German Green Steel, Power IPO to open on Sep 25 with price band of ₹132-139

German Green Steel and Power Ltd will hit the primary market on September 25 with a Rs 304-crore initial public offering (IPO), as the iron and steel maker seeks funds to expand its manufacturing capacity and invest in renewable power. In a public announcement, the Gujarat-based company has fixed a price band of Rs 132-139 per equity share for its IPO, which is scheduled to close on September 29. The IPO comprises a fresh issue of equity shares worth up to Rs 290 crore and an Offer for Sale (OFS) of 10 lakh equity shares valued at Rs 13.9 crore. At the upper end of the price band, the issue size works out to around Rs 304 crore. The company has reduced its issue size as the earlier IPO plan comprised a fresh issue of up to Rs 450 crore and an OFS of up to 20 lakh equity shares. Proceeds from the fresh issue will be utilised for the expansion of the company's manufacturing facility at Samakhiyali, Kutch, Gujarat, and a hybrid wind and solar power plant, repayment of debt, and gener

Borosil Renewables targets ₹2,500 crore revenue as capacity rises 60%

The solar glass maker plans to add 600 tonnes per day through two new furnaces at its Bharuch plant, taking total production capacity to 1,600 TPD by Q1FY28

Tata Capital growth outlook stays positive despite near-term headwinds

Retail and SME momentum supports Tata Capital's 23-25 per cent growth guidance, though funding costs, high crude prices and proposed RBI rules remain key risks

Asiana Fund, JC Capital launch ₹1,000 cr advanced manufacturing fund

Asiana Fund, the investment platform of the Dani Family Office, and Taiwan-based venture capital firm JC Capital on Monday announced the launch of a Rs 1,000-crore fund to back growth-stage Indian companies in advanced manufacturing, semiconductors, materials and defence. The Asiana-JCC Advanced Manufacturing & Innovation Fund comprises a corpus of Rs 600 crore with a greenshoe option of Rs 400 crore, the two firms said in a joint statement. The fund will invest in intellectual property-led companies across advanced manufacturing and robotics, semiconductors and computing, materials and sustainability, and aerospace and defence. It will target 12 to 15 growth-stage companies, primarily at the Series A and Series B stages, with capital set aside for follow-on investments. Asiana Fund, founded in 2017 by Jalaj Dani, is an India-focused investment platform backed by the Dani family, co-promoters of Asian Paints. The platform has invested more than Rs 700 crore across 11 private ...

Samvardhana Motherson's arm gets nod to acquire 50.1% in Rotary for ₹500 cr

Samvardhana Motherson Adsys Tech Ltd (SMAST), a subsidiary of auto components manufacturer Samvardhana Motherson International Ltd, will acquire a 50.1 per cent equity stake in Rotary Connectors Pvt Ltd at an enterprise value of Rs 500.4 crore. The Board of Samvardhana Motherson International approved the all-cash deal on Monday, according to a regulatory filing. The transaction is expected to be completed by the end of the financial year 2026- 2027. Post completion of the transaction, SMAST will hold 50.1 per cent of the equity share capital of Rotary Connectors Pvt Ltd (RCPL), and thereafter RCPL will become an indirect subsidiary of Samvardhana Motherson International. The promoters of RCPL will continue to hold a 49.9 per cent equity stake in the company. "The Board of Directors of Samvardhana Motherson International Ltd (SAMIL) at its meeting held today has considered and approved the purchase by Samvardhana Motherson Adsys Tech Ltd, a wholly-owned subsidiary of the company,

Rapido files insolvency plea against Magicpin over unpaid operational dues

Rapido has filed an insolvency petition against Magicpin at the NCLT over alleged unpaid operational dues of less than ₹10 crore.

Anthropic quietly sets up biology lab as it ramps up AI drug programme

At a time when fears of AI are gripping the public, the startup has built a wet lab, or place for physical experiments, in the San Francisco Bay Area

FSSAI launches legal action against Nestle over infant food violations

The regulator's adjudication sanction lists promotional claims made for the products and a laboratory finding related to biotin content among the issues

Hi-Tech Flow Solutions files IPO papers, seeks ₹300 cr via fresh issue

The proposed IPO comprises a fresh issue of up to Rs 300 crore and an offer-for-sale by promoters and an investor, according to the draft red herring prospectus (DRHP) filed on Thursday