Page 35 - Company News

Goldi Solar to add 5 GW module, 16 GW cell capacity by FY28 to meet demand

Goldi Solar is looking to add around 5 gigawatt of solar module and 16 gigawatt of cell manufacturing capacity in the country over the next two financial years to support the domestic demand, industry sources said. The Gujarat-based renewable energy player presently owns and operates three solar module manufacturing facilities near Surat, having a combined capacity of 15.2 gigawatt (GW). According to the industry sources, Goldi Solar is looking to scale up its module-making capacity to over 20 GW. The company is learned to be working on a draft plan to add 5 GW of module capacity. It already has 15.2 GW of capacity approved under the government's ALMM framework. The Approved List of Models and Manufacturers (ALMM) is an initiative of the Ministry of New and Renewable Energy (MNRE) that supports India's 'Make in India' vision by promoting local manufacturing, reducing import dependency, and generating new employment. It also aligns with India's renewable energy targets by ensuring t

KC Das eyes UK comeback after 50 years, backs bilateral trade pact

Iconic sweetmeat chain KC Das is eyeing a return to the United Kingdom after more than five decades, encouraged by the proposed India-UK Comprehensive Economic and Trade Agreement (CETA) and rising demand for authentic Indian food brands overseas. Dhiman Das, executive director of the legendary confectionery brand and a fifth-generation descendant of Nobin Chandra Das, the inventor of the rosogolla, said there is "huge scope" for Indian food businesses and restaurants in the UK market, particularly as the pact is expected to ease regulatory and tariff barriers for food exports. "We are actively looking for a suitable partner for the UK venture. The important thing is that the partner should be technically sound in dairy, as finance is not a critical issue," Das told PTI. "We are planning to set up a manufacturing base in Birmingham, which is relatively close to London, to cater to the metropolis market and adjoining regions. We have requested the Deputy High Commission in Kolkata to

Marico expects high single-digit volume growth in Q3 India business

FMCG major Marico said its domestic business is expected to post high single-digit volume growth in the October-December quarter, with consolidated revenue growth in the high twenties

Hot wheels: Dzire topped car buyers' desire in 2025, defying SUV wave

Maruti Suzuki's Dzire reclaimed the top spot after eight years, outselling SUVs and hatchbacks in 2025 even as utility vehicles accounted for more than half of India's PV market

Supriya Life Sciences bets on regulated markets with new facility

The Mumbai-based pharma company has commissioned a ₹165-crore formulations plant at Ambernath to support contract manufacturing and strengthen its presence in regulated global markets

Devyani International-Sapphire merger set to add spice to QSR competition

Merger with Sapphire Foods will create a unified Yum! India franchise, while Devyani's non-Yum brands and acquisitions are expected to support topline growth

Knight FinTech raises $23.6 million in Accel-led Series A funding

Credit-infrastructure firm will use the funds to expand AI-driven risk and lending platforms and accelerate growth across the Middle East and Asia-Pacific regions

Devyani, Sapphire to merge and create single franchisee for Pizza Hut & KFC

Devyani International will absorb Sapphire Foods under a share-swap merger to create a single Yum! India franchisee for KFC and Pizza Hut

Bharti gained most among India's top biz groups in 2025; Tatas stay ahead

All three Bharti group companies out-performed in CY25 but the biggest gains came from their flagship Bharti Airtel

Coal India posts 4.6% output growth in December, but offtake drops 5.2%

Coal India on Thursday reported a 4.6 per cent year-on-year (y-o-y) growth in production and a 5.2 per cent fall in offtake in December. The miner, along with its eight subsidiaries, produced 75.7 million tonnes (MT) of coal in December 2025, higher than 72.4 MT in the same month in 2024. However, the offtake was at 64.9 MT in the month under review, lower than 68.5 MT in December 2024. Coal India's cumulative production fell by 2.6 per cent to 529.2 MT in April-December FY26 from 543.4 MT in the nine-month period of the preceding FY25. Offtake during the period also slipped 2.2 per cent to 544.7 MT from 557 MT in April-December 2024-25. Coal India, under the Ministry of Coal, is India's largest coal mining company.

Additional funding and relief key for Vodafone Idea to meet liabilities

On Wednesday, Vi's stock price had slipped 11 per cent, after hitting a 52-week high of ₹12.80 on December 31, 2025

Hyundai Motor India records 6.6% sales growth to 58,702 units in Dec

Hyundai Motor India Ltd on Thursday reported a 6.6 per cent year-on-year growth in total sales at 58,702 units in December 2025. This includes monthly domestic sales of 42,416 units and exports of 16,286 units, Hyundai Motor India Ltd (HMIL) said in a statement. "Driven by the positive momentum from GST 2.0 reforms, Hyundai Motor India recorded a robust 6.6 per cent year-on-year growth in total monthly sales for December 2025," HMIL Managing Director and CEO Tarun Garg said. The company delivered a 26.5 per cent year-on-year growth in export volume in December, he added.

Festive demand lifts Audi India's retail sales to 4,510 units in 2025

German luxury carmaker Audi on Thursday reported retail sales of 4,510 units in India in 2025. Healthy festive-season demand and growth in Audi Approved (pre-owned cars), SUVs and the performance and lifestyle car range, further supported by GST 2.0, provided a timely boost to customer confidence and the overall luxury car market, Audi India said in a statement. "While market dynamics presented inherent challenges, our performance underscored the fundamental strength of the Audi vision and the invaluable loyalty of our customer base," Audi India Brand Director Balbir Singh Dhillon said. On the road ahead, he said, "Stepping into 2026, our mandate is one of clear focus and intensified purpose. We are prepared to translate market challenges into sustainable momentum through innovative product launches, enhanced customer experience and initiatives prioritising people-centric growth".

Vodafone Idea to get five-year lifeline on AGR dues of ₹87.7K crore

Dues frozen as of December 31, 2025 will be reassessed under DoT's deduction verification process, with repayments proposed from FY32; Vi says it has received no communication

Eight more companies to get incentives under auto PLI from FY27: MHI

Eight more firms will start claiming auto PLI incentives from FY27, taking the total to 18, while the government moves to invoke guarantees of 10 firms for zero investment

Hyundai Motor India announces 0.6% price hike across models from Jan 1

Hyundai Motor India Ltd on Wednesday said it will increase prices by around 0.6 per cent across its model range, effective from January 1, 2026, citing a rise in the cost of precious metals and commodities. The company will implement a weighted-average price increase of around 0.6 per cent across its model range due to the rise in the cost of precious metals and commodities, Hyundai Motor India Ltd (HMIL) said in a regulatory filing. "While the company continuously strives to optimize costs and minimize the impact on its customers, the company is constrained to pass on some of the increased costs to the market through this minor price increase," it added. At present, the company sells a range of vehicles, from the hatchback i10 Nios to the electric SUV IONIQ 5, priced from Rs 5.47 lakh to over Rs 47 lakh (ex-showroom).

Reliance's AI manifesto eyes 10x boost in productivity for workforce

Mukesh Ambani has outlined a draft Reliance AI Manifesto to make the group AI-native, targeting 10x productivity for over 600,000 employees and a wider 10x impact on India

Tata Power commissions SJVN's 1 GW DCR solar project in Rajasthan

Tata Power Renewable Energy commissioned SJVN's 1 GW DCR-compliant solar project in Bikaner, Rajasthan, taking its utility-scale renewable capacity to 11.6 GW, it said

Auto PLI favours large original equipment makers, Ather tells PMO

According to Ather, the current scheme also has high eligibility thresholds and rigid requirements

Hyundai India enters commercial mobility segment amid rising competition

Hyundai Motor India has launched Prime HB and Prime SD taxi models with petrol and CNG options, aiming to diversify volumes as domestic competition heats up and rankings tighten