Page 31 - Company News

Tata Steel doubles down on India with NINL expansion, Maharashtra push

Tata Steel has announced an India expansion blueprint, including an in-principle 4.8 mtpa capacity addition at NINL and an MoU with Lloyds Metals

Revving up: Volkswagen group rolls out VRS for production site workers

Skoda Auto Volkswagen India says it has introduced a voluntary retirement scheme at its Pune and Chhatrapati Sambhaji Nagar plants after union requests

Jindal Jhajjar Power to raise up to ₹2,100 cr debt to acquire thermal plant

Jindal Jhajjar Power plans to raise up to Rs 2,100 crore via a term loan and NCDs to acquire a 1,320 MW Haryana thermal plant from Apraava Energy at an enterprise value of Rs 4,000 crore

Unilever sees major India opportunity on GST cuts and strong GDP growth

India, with a high GDP growth and recent GST reduction, presents "massive" opportunities for British multinational consumer goods maker Unilever and its Indian arm Hindustan Unilever, according to a top company official. The companies believe they will be the main beneficiaries of a much more dynamic economic environment in India, said Unilever Chief Executive Officer Fernando Fernandez. Indian consumption was significantly affected over the last three years due to double-digit food inflation, said Fernandez in a JP Morgan Fireside Chat. "I feel the government in India has taken very relevant measures lately. So, GST reduction, that is the VAT of India, personal income tax reduction, interest rate reduction, when the government does something like this, it's because things in the economy are not right, and really that's what's happening the last couple of years," he said. Moreover, there is some food deflation and have seen immediately in the Indian GDP growth. "I think in the las

Ajanta Pharma sets aside ₹1K crore for acquisitions to plug therapy gaps

Pain management, dermatology, nephrology and gynaecology are emerging as key focus areas

Delhi HC allows Sun Pharma to export semaglutide, restricts sale in India

The Delhi High Court has allowed Sun Pharma to manufacture and export semaglutide-based drugs to countries where Novo Nordisk holds no patent, but barred sales in India until March 2026

Saviynt raises $700 mn Series B at about $3 bn valuation; KKR leads round

Saviynt has raised $700 million in Series B funding at a $3 billion valuation, led by KKR, to speed up product development, AI capabilities and deeper integration with hyperscalers, software platforms

JSW Paints completes majority buy in Akzo Nobel India; stake at 61.2%

JSW Paints has completed the acquisition of 60.76% in Akzo Nobel India from Akzo Nobel N.V. and affiliates, taking its holding to 61.2% after buying an additional 0.44% via an open offer

Musk's SpaceX to raise over $25 billion, plans IPO in 2026: Report

SpaceX has started discussions with banks about launching the offering around June or July, the person said, requesting anonymity to discuss confidential information

Uber expands into B2B logistics, adds metro ticketing in Bengaluru via ONDC

Uber has entered B2B logistics in Bengaluru through Uber Direct, integrated Namma Metro ticketing on its app, both powered by ONDC, as it builds multi-service mobility and commerce offerings in India

Global fintechs bet on India's prepaid forex cards as travel demand surges

Global fintechs like Revolut and Wise are lining up multicurrency prepaid forex cards for booming outbound traveller base, offering lower markups, wider acceptance, smoother cross-border transactions

Transition VC closes oversubscribed ₹700 crore debut fund at final close

Backed by strategic LPs, Transition VC says its debut fund has crossed target to close at ₹700 crore, with early portfolio traction and plans under way for a second fund

Microsoft bets $17.5 bn on India's AI-first future with cloud, AI infra

The new investment will be used to scale Microsoft's cloud and AI infrastructure, skilling initiatives and ongoing operations across India, Microsoft said

Adani Enterprises' ₹24,930 cr rights issue 90% subscribed ahead of close

AEL had outstanding loans of ₹1.1 trillion at the end of September 2025, up from ₹80,400 crore a year ago

Blinkit CEO Albinder Dhindsa warns of qcom shakeout amid capital crunch

Zomato in 2024 had raised ₹8,500 cr via QIP

Ageas Federal Life Insurance aims 3x premium growth by FY28: CEO Gomes

Company is open to exploring non-life opportunities once composite licence is approved by Parliament

Fino PB shares tank 12% despite RBI approval FOR transition into SFB

Profit-taking and a broader selloff drive the record fall, even as the bank gets 18 months to transition into a small finance bank with a cautious lending plan

Even today, I think BBL at $5.5 billion is undervalued: Kiran Mazumdar-Shaw

'Can reinvest operating cash back into biz to scale up GLP-1s'

Ola Electric begins mass rollout of scooters powered by 4680 Bharat Cells

Ola Electric on Sunday said it has commenced mass deliveries of its 4680 Bharat Cell power vehicles. The S1 Pro+ (5.2kWh) is the first product to be powered by the company's indigenously manufactured 4680 Bharat Cell battery pack that delivers more range, better performance and enhanced safety. "Deliveries are now in full swing, and customers are proudly riding India's first scooters powered by our own 4680 Bharat Cell. This is a big moment, not just for Ola, but for India's journey towards becoming a global EV hub," said a company spokesperson in a statement. With its own battery packs in the vehicles, Ola Electric is now India's first company to fully own the battery pack and cell manufacturing process in-house. S1 Pro+ (5.2kWh) is powered by a 13 kW motor offering a brisk acceleration of 0-40 kmph in just 2.1 seconds. The model comes with a range of 320 km and gets four riding modes - Hyper, Sports, Normal and Eco. It also offers enhanced safety with category-first dual ABS, a

ED to file charge-sheet against Gurugram realty firm in PMAY fraud case

The Enforcement Directorate is soon expected to chargesheet a Gurugram-based real estate company and its promoters in a multi-crore money laundering investigation linked to alleged irregularities in the Pradhan Mantri Awas Yojna (PMAY) and fraud with homebuyers, official sources said Sunday. Swaraj Singh Yadav, the MD and "key person" of the company named Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal probe agency on November 13 and is currently lodged in jail under judicial custody. The ED has alleged that Yadav "fraudulently diverted" and laundered homebuyers' funds worth Rs 222 crore collected under PMAY through cancellation and re-sale of units at inflated prices, collection of substantial cash premiums, and diversion of Escrow proceeds into "shell" (dummy) entities. The PMAY aims to provide housing to the economically weaker sections as part of the Union government's ambitious plan to ensure 'home for all'. The agency, sources said, is carrying out an ...