Company News
India's M&A market sees record activity in February at $7.2 billion
As many as 85 merger and acquisition (M&A) deals worth $4.8 billion were announced in February
 "India's M&A market sees record activity in February at $7.2 billion")
Intel's new CEO Lip-Bu Tan gets pay package valued at about $69 million
Tan has also agreed to buy $25 million in Intel shares in the first 30 days of taking the job
 "Intel's new CEO Lip-Bu Tan gets pay package valued at about $69 million")
Godrej Interio aims to ride e-commerce wave, targets 18-20% growth
The firm's parent company has planned an investment of Rs 100 crore for its digital revamp, customer experience, and sales growth through ecommerce for the next year
 "Godrej Interio aims to ride e-commerce wave, targets 18-20% growth")
Realigning global business lines to match clients' demands: Wipro
The technology services line is a merger of its previous cloud capabilities (Wipro FullStride Cloud) and data, application platform, digital operations, and cybersecurity (Wipro Enterprise Futuring)
 "Realigning global business lines to match clients' demands: Wipro")
Steelbird targets 3-fold revenue growth by 2030; to expand production
Steelbird now manufactures 10 million units at its Baddi facility, which it aims to take up to 25 million by 2032, besides adding another facility in the state in the next four years
 "Steelbird targets 3-fold revenue growth by 2030; to expand production")
IIT-B startup HaystackAnalytics plans to take genome testing to EU, US
Srivastava says that in the next five years they need to invest another $40-50 million or so to build the business, and there are plans to take the infexn test to the US and Europe as well
 "IIT-B startup HaystackAnalytics plans to take genome testing to EU, US")
Tata Sons set to invest Rs 1,432 cr in rights issue of Tata Projects
Conglomerate's engineering and construction company gets board approval for fundraising
 "Tata Sons set to invest Rs 1,432 cr in rights issue of Tata Projects")
Firms pull back on investor meets amid weaker earnings, bearish sentiment
While sectors like services and telecommunications have continued to increase engagement, the overall number of meetings across companies has fallen by over 7.4 per cent from its peak
 "Firms pull back on investor meets amid weaker earnings, bearish sentiment")
Infosys to pay $17.5 million to settle data breach case in BPM unit
McCamish, bought by Infosys BPM in 2009, is a platform-based BPO firm that provides life insurance and retirement software solutions and service offerings in the US
 "Infosys to pay $17.5 million to settle data breach case in BPM unit")
Brigade Enterprises launches Rs 2,700 cr housing project in Bengaluru
As per the PropEquity data, housing sales in Bengaluru fell 9 per cent to 60,506 units in 2024, from 66,600 units in the preceding year
 "Brigade Enterprises launches Rs 2,700 cr housing project in Bengaluru")
Signature Global to invest Rs 4,000 cr on 2 projects in Gurugram: Chairman
"We will be focusing on the Rs 2-5 crore price bracket, where we are seeing huge demand but limited supply," Chairman Aggarwal said
 "Signature Global to invest Rs 4,000 cr on 2 projects in Gurugram: Chairman")
IdeaForge to increase R&D spending this fiscal to boost UAV innovation
ideaForge was founded in 2007 by Ankit Mehta, Ashish Bhat, and Rahul Singh. It has financial backing from marquee investors such as Infosys and Qualcomm Ventures
 "IdeaForge to increase R&D spending this fiscal to boost UAV innovation")
TVS Motor, PETRONAS Lubricants extend their partnership in motorsports
As part of the alliance with TVS Motor, PETRONAS Lubricants International will continue to be the title sponsor for TVS Racing, the factory racing team, for the next three years
 "TVS Motor, PETRONAS Lubricants extend their partnership in motorsports")
Hanto Workspaces revenue to grow 40% to Rs 30 cr in FY25 on demand
According to Cushman & Wakefield, India's office market was very active in 2024 with gross leasing of workspace witnessing a 19 per cent increase to a record 885.2 lakh square feet across 8 major city
 "Hanto Workspaces revenue to grow 40% to Rs 30 cr in FY25 on demand")
DGCA, IIT audit findings put Terminal 2 on the repair runway: DIAL
Delhi Airport has three terminals: T1 with a capacity of 40 million passengers per year, T2 with 15 million, and Terminal 3 (T3) with 45 million
 "DGCA, IIT audit findings put Terminal 2 on the repair runway: DIAL")
HDFC Bank plans to sell Rs 1,028 cr bad loans via Swiss challenge auction
Of the Rs 478 crore, Rs 329 crore comes from 1,973 mortgage and home loan accounts, Rs 77 crore from 3,232 commercial vehicle loan accounts, and Rs 72 crore from 2,074 agriculture loan accounts
 "HDFC Bank plans to sell Rs 1,028 cr bad loans via Swiss challenge auction")
Intel's new CEO Lip-Bu Tan has a history as a successful underdog
Tan, named Intel CEO on Wednesday, faces an enormous challenge in turning around the operations of a company that put the "silicon" in Silicon Valley
 "Intel's new CEO Lip-Bu Tan has a history as a successful underdog")
L&T targets 150 MW data centre capacity by 2027, to utilise land banks
At present, L&T has operational data centres in Mumbai and Chennai, with a combined capacity of 32 Mw
 "L&T targets 150 MW data centre capacity by 2027, to utilise land banks")
After selling 10% stake, Haldiram's to sell another 5% to other investors
Other private equity players that were in the race to acquire a stake in the snacks major backed out, citing very high valuations
 "After selling 10% stake, Haldiram's to sell another 5% to other investors")
Patanjali buys majority stake in Magma General Insurance for Rs 4,500 cr
Magma General Insurance, with presence across motor, health, property, and other commercial lines, reported a gross written premium (GWP) of Rs 3,295 crore in 2023-24 (FY24)
 "Patanjali buys majority stake in Magma General Insurance for Rs 4,500 cr")
