Page 41 - Company News

Some related-party transactions not disclosed inadvertently: Kaynes Tech

The company, however, said that these transactions were not required to be disclosed under the consolidated accounting standards as per the Indian Accounting Standards

British American Tobacco sells 9% stake in ITC Hotels for ₹3,820 crore

The ITC Hotels stock on Friday closed at ₹206 a share on the BSE, down by 0.84%

LIC, GQG signal interest in ₹24,930 crore Adani Enterprises rights issue

LIC and GQG Partners have indicated interest in subscribing to Adani Enterprises' rights issue, with RE trading active and most applications expected closer to the December 10 deadline

After E20, India should now focus on flex fuel: Toyota country head

Toyota's India head says the country should now push flex-fuel vehicles, calling for lower taxes and pricing support as E20 stabilises and higher blends prove impractical for legacy fleets

BorderPlus to send 1,000 Indian nurses to Gulf Cooperation Council by FY27

GCC healthcare ecosystem projected to require over 50,000 additional nurses by 2027, says BorderPlus CEO

Tsugami launches ₹300 cr Chennai plant, boosting precision engineering

Tsugami has inaugurated a Rs 300-crore assembly and foundry unit near Chennai-its largest machine-tool investment in India-boosting local jobs and strengthening high-precision manufacturing

ASG Eye Hospital to invest ₹2,000 crore, scale to 600-700 centres

ASG Eye Hospital will invest Rs 2,000 crore to expand from 175-plus centres to 600-700 by 2030, using acquisitions, new hospitals and district centres, backed by investors

Dream11 making a 'hard pivot' to sports entertainment space: CEO Jain

Dream11 is shifting from fantasy gaming to a second-screen sports entertainment platform, betting on ads and paid shoutouts to creators, CEO Harsh Jain said, after the Centre's ban on real money games

BofA sees Nifty at 29,000 in 2026 as earnings drive market returns

Bank of America has set a Nifty target of 29,000 for 2026, saying limited valuation upside means returns will hinge on earnings growth, with large-caps expected to outperform mid- and small-caps

Modi Illva targets ₹4,000 crore sales in 5 years; to import Illva brands

Modi Illva aims to double revenues to Rs 4,000 crore in five years and is in talks to import select Illva Saronno brands, as it expands its premium portfolio and rolls out Rockford Imperial Reserve

Infosys seeing surge in traction among clients for India-based GCCs

Infosys, India's second largest IT services provider, launched its AI-first GCC model last month which accelerates the set up and transformation of GCCs into AI-powered hubs for innovation and growth

Birla Estates partners Sikka Group to co-develop ₹1,600 cr Noida project

Birla Estates has tied up with Sikka Group to co-develop a ₹1,600-crore Greater Noida housing project, leveraging new revival policies that allow creditworthy developers to take over stalled projects

RBI approves Vikram Sahu as CEO of Bank of America in India: Internal memo

Sahu will report to Jin Su, president of Asia Pacific, Bank of America

Ducati brings its watch collection to India with Titan, prices from ₹16K

Ducati Watches have launched in India with Titan, priced at Rs 16,000-25,000 across 43 SKUs. Titan aims to scale distribution from 250-300 outlets in four months to 1,000 outlets in 18 months

Corona Remedies bets on female hormone complex generics ahead of IPO

Corona Remedies is pushing into female hormone complex generics to expand beyond India, as its Rs 655.3-crore OFS IPO opens December 8, with a new hormone plant and a stake in La Chandra Pharma Labs

Cipla, Stempeutics launch stem cell therapy for knee osteoarthritis

Approved by the Drug Controller General of India (DCGI), the treatment offers to slow disease progression and promote cartilage maintenance for patients with Grade II and III knee OA

SMFG India Credit Company posts steady business growth in September quarter

The latest quarterly update highlights shifts in operating performance and other key financial metrics

Suchi Semicon to begin supply of automotive, power chips next year

Suchi Semicon will start packaging QFN and power semiconductor chips at its Surat OSAT plant, with supplies beginning in January 2026, as it scales output and pursues incentives under India's ISM plan

Pernod Ricard India expects double-digit growth, backed by new launches

Pernod Ricard India expects low double-digit growth over the next five years, supported by the Imperial Blue divestment and new launches such as Seagram's Xclamat!on, CEO Jean Touboul said

Centre appoints LIC CFO Ramakrishnan Chander as managing director

The Centre has appointed LIC's executive director and chief financial officer Ramakrishnan Chander as managing director from December 1, with his tenure running till September 2027