Page 9 - Company News

Brookfield to invest $1 bn to develop Asia's largest GCC in Maharashtra

The 2 million sq ft campus, set for 2029 completion, will create over 30,000 jobs and house a multinational bank's GCC

IndiGo moves Delhi High Court seeking ₹900 crore Customs duty refund

IndiGo has approached the Delhi High Court seeking a refund of over ₹900 crore paid as customs duty on aircraft engines and parts re-imported after repairs abroad, alleging double levy and illegality

Larger HC Bench clears way for export of semaglutide generics by Dr Reddy's

Novo Nordisk's appeal was listed for hearing on Friday before a bench of Justice C Hari Shankar and Justice Om Prakash Shukla

Tata Steel aims to cushion impact of higher iron ore costs after 2030

Tata Steel is boosting upstream options, expanding downstream capacity and improving efficiency to manage higher iron ore costs expected after its captive mines go up for auction in 2030

Novo Nordisk challenges HC order permitting Dr Reddy's semaglutide exports

Novo Nordisk's appeal is listed for hearing on Friday before a bench of Justice C Hari Shankar and Justice Om Prakash Shukla

Disney invests $1 bn in OpenAI, to license characters for Sora video tool

As part of the licensing deal, Sora and ChatGPT Images will start generating videos using licensed Disney characters such as Mickey Mouse, Cinderella and Mufasa, from early next year

JSW Energy board clears plan to raise up to ₹10K crore via securities

JSW Energy's board on Friday approved the proposal of raising up to Rs 10,000 crore in one or more tranches, through issuance of securities on private offerings, qualified institutions placements, or any other method or combination thereof. The board in its meeting on Friday also approved the proposal of issuance of 95,23,809 equity shares, on a preferential issue basis, to JTPM Metal Traders Ltd, a member of the Promoter Group (JTPM) at an issue price of Rs 525 per equity share, including a premium of Rs 515 per equity share, a regulatory filing said. According to the filing, the board has also approved issuance of 4,76,19,047 warrants, on a preferential issue basis, to JTPM, with each warrant carrying a right exercisable by the warrant allottee to subscribe to one equity share per warrant, for cash consideration, at a price of Rs 525 per warrant (including a premium of Rs 515 per warrant). The board approved "the raising of funds of up to Rs 10,000 crore in one or more tranches, .

AI-driven growth of TCS makes its M&A strategy more aggressive

TCS's $700-million buyout of Salesforce firm Coastal Cloud highlights a stronger AI-focused M&A strategy, but analysts view the valuation as steep and note the market's muted response

Modi Naturals plans up to ₹100 crore FMCG acquisitions after NSE listing

Modi Naturals aims to acquire brands in ready-to-eat and healthy snacks as it grows its FMCG portfolio, saying its NSE listing will improve visibility, liquidity and investor reach

SPF plans to work with govt to retain, draw deeptech talent back to India

The Startup Policy Forum is working with the government on a scheme to retain and bring back high-tech talent, while deeptech start-ups seek fixes to procurement rules and certification delays

L&T eyes global nuclear supply chain as demand for clean energy rises

The company eyes sharp international growth as nuclear demand accelerates

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