Page 36 - Company News

Sandhya Venugopal Sharma appointed Titan chairperson from January 4

Titan Company has appointed IAS officer Sandhya Venugopal Sharma as chairperson and additional director from January 4, following a nomination by co-promoter TIDCO

Intas, IntegriMedical sign pact to launch needle-free IVF injectors

Intas has signed an exclusive agreement with SII-backed IntegriMedical to deploy needle-free injection systems across IVF clinics, targeting an all-India rollout by Q1FY26.

MapmyIndia adds metro, rail and bus routing to Mappls app for commuters

MapmyIndia's Mappls has added metro, rail and bus routing to the Mappls app in select cities, letting users plan multimodal public transport trips alongside navigation features

Lupin signs exclusive India pact with Gan & Lee for fortnightly GLP-1 drug

Lupin has signed an exclusive licensing, supply and distribution deal with China's Gan & Lee for Bofanglutide, a fortnightly GLP-1 injectable for diabetes and weight management in India

Gaurs Group raises ₹440 crore via NCDs to fund realty, expansion plans

Delhi NCR-based Gaurs Group raised Rs 440 crore via NCDs subscribed by three mutual funds to fund land acquisition, project execution and refinancing, with debentures to list on NSE

Vipin Kapooria quits as Blinkit CFO over a year after joining firm

Vipin Kapooria has resigned as chief financial officer of Blinkit, a little over a year after joining the quick commerce platform, as competition in the segment intensifies

JNPA eyes Vadhvan port for next phase of growth as it nears 12 mn TEUs

While trade flows have been disrupted globally due to new tariff regimes announced by the US government, the impact on JNPA's cargo volumes has been limited

NCLAT rejects insolvency plea against Jumbo Finvest, upholds NCLT order

Appellate tribunal NCLAT has rejected Equitas Small Finance Bank's appeal to initiate insolvency proceedings against Jumbo Finvest, upholding a National Company Law Tribunal order in the matter. Earlier, the Jaipur Bench of NCLT had rejected an insolvency plea against Jumbo Finvest, observing that it is a Financial Service Provider within the meaning of 3(17) of the Insolvency & Bankruptcy Code and is not a corporate person against whom a Section 7 application can be initiated. This was challenged by Equitas Small Finance Bank before the National Company Law Appellate Tribunal, contending that Jumbo Finvest was registered as a financial service provider by the RBI. The banking sector regulator on January 16, 2020, barred it from increasing the size of its balance sheet and was prohibited from accessing public funds in any form until further notice, as well as lending. It was submitted that in view of the order of the RBI, Jumbo Finvest actually is not in the business of a ...

Tata Steel's Dutch arm faces €1.4 bn lawsuit over alleged pollution claims

Tata Steel called the allegations speculative, saying it will "vehemently" defend itself as the environmental group sues the company for €1.4 billion

Ninjacart posts Rs 256-cr loss in FY25, revenue drops to Rs 1,634 cr

Agritech firm Ninjacart on Friday reported a loss of Rs 256 crore during the last fiscal year on lower income. In a statement on Friday, the company said its operating revenue declined to Rs 1,634 crore in the 2024-25 fiscal year from Rs 2,007 crore in the preceding year. "Losses remained largely stable at Rs 256 crore in FY25 versus Rs 260 crore in FY2024...," Ninjacart said. The company attributed the fall in revenue to its decision to discontinue select low-margin and non-core business segments. Ninjacart said its core businesses, which is a fulfilment platform serving retailers, traders, and other institutional customers (including quick-commerce players), are scaling strongly during the current fiscal year, growing at over 100 per cent year-on-year. All core businesses have already achieved operating profitability and the company is now focused on achieving overall profitability during 2026-27, it said. "FY25 was about disciplined execution and making thoughtful choices. We

Evaluating setting up shop in United States: Vikram Solar chairman

Vikram Solar Chairman Gyanesh Chaudhary says consolidation is under way in renewables, with capacity expansion, upstream investments and plans to explore the us market despite sector headwinds

Policy changes create room for foreign insurers to explore: Sompo MD

India's non-life insurance sector is set for faster growth as the Insurance Amendment Bill allows 100% FDI, boosts investor confidence and strengthens regulation, says Mathur, Universal Sompo CEO

Ola Electric secures ₹367 crore incentive under India's auto PLI scheme

The sanction pertains to the Demand Incentive for the Determined Sales Value for FY 2024-25, and authorises a payment of ₹366.78 crore to be released through IFCI Limited

Culture of watching movies is stronger in South: PVR Inox MD Ajay Bijli

Culture of watching movies is stronger in South, says PVR Inox MD

Tata Motors' EV arm to launch five new models by FY30; capex Rs 18,000 cr

Tata Passenger Electric Mobility plans five new EV models by FY30 and Rs 16,000-18,000 crore capex on products, technology and charging infrastructure as Tata EV sales cross 250,000 units

While competition is high, Voltas remains well protected, says MD Menon

In an exclusive interview, Mukundan Menon, the managing director of Voltas, talks about protecting its turf in a competitive market

APSEZ completes acquisition of NQXT Australia, revises FY26 Ebitda guidance

Adani Ports and Special Economic Zone has completed the NQXT Australia acquisition and raised FY26 Ebitda and cargo volume guidance, citing the terminal's growth and cash flows

Saleem Ahmad assumes charge as RVNL chairman and managing director

Rail Vikas Nigam Limited said Saleem Ahmad has taken charge as its new chairman and managing director. He previously served as director (projects) at NBCC (India)

HMEL to invest ₹2,600 crore in Bathinda refinery for downstream expansion

HPCL Mittal Energy plans to invest Rs 2,600 crore at its Bathinda refinery to build polypropylene downstream industries and start fine chemical projects to expand its business

HN Reliance Foundation Hospital launches tele-robotic surgery programme

HN Reliance Foundation Hospital has launched a tele-robotic surgery programme, allowing Mumbai surgeons to remotely perform, guide robotic procedures at a Jamnagar partner centre using Jio's network