Company News
Poonawalla Fincorp launches CV secured loans biz for tier-2,3 markets
With a strong focus on Tier 2 and Tier 3 markets, the company said it plans to initially enter 68 locations across 12 states in the first phase
 "Poonawalla Fincorp launches CV secured loans biz for tier-2,3 markets")
CMD Ajay Singh to infuse Rs 294 cr in airline via another entity: SpiceJet
SpiceJet said Singh will infuse Rs 294.09 crore into the company through the conversion of 13,14,08,514 warrants into an equivalent number of equity shares (131.4 mn equity shares)
 "CMD Ajay Singh to infuse Rs 294 cr in airline via another entity: SpiceJet")
HCC-Tata Projects JV secures Rs 2,191 crore Madhya Pradesh Metro contract
The Rs 2,191-crore contract is for the construction of an 8.65-km long corridor including underground tunnels and stations for MPMRCL
 "HCC-Tata Projects JV secures Rs 2,191 crore Madhya Pradesh Metro contract")
Maruti Suzuki cars to become 4% more expensive starting April 2025
Maruti Suzuki, Hyundai Motor India, Mahindra & Mahindra (M&M), and JSW MG Motor all announced price hikes this year to offset rising input costs
 "Maruti Suzuki cars to become 4% more expensive starting April 2025")
Banks transfer McLeod Russel loan accounts to NARCL for debt resolution
ICICI Bank and seven lenders assign McLeod Russel's Rs 1,104.69 crore debt to NARCL, raising hopes for restructuring. IndusInd Bank stays out, while JC Flowers ARC holds a 24.39% stake
 "Banks transfer McLeod Russel loan accounts to NARCL for debt resolution")
Coca-Cola bottler Ladhani Group's SLMG Beverages eyes overseas expansion
Ladhani Group-owned company plans to double its revenue to Rs 20,000 crore by FY31
 "Coca-Cola bottler Ladhani Group's SLMG Beverages eyes overseas expansion")
Blackstone offers $1.2 billion for AkzoNobel's India paint business
Transaction expected to cost around $1.2 billion, say bankers
 "Blackstone offers $1.2 billion for AkzoNobel's India paint business")
Adani group commits Rs 1.1 trillion capital expenditure for FY26
To be funded through a mix of cash, debt/equity sale
 "Adani group commits Rs 1.1 trillion capital expenditure for FY26")
IndusInd Bank case a rare instance when RBI cited its 'LOLR' role
Central bank can rescue a bank that is solvent but has temporary liquidity woes
 "IndusInd Bank case a rare instance when RBI cited its 'LOLR' role")
LTIMindtree appoints COO Nachiket Deshpande as head of global AI services
Deshpande, who was the frontrunner to replace outgoing chief executive Debashis Chatterjee before losing out to Lambu, will be based in New York
 "LTIMindtree appoints COO Nachiket Deshpande as head of global AI services")
PepsiCo to expand snacks, packed food range with Indian flavoured products
In the oatmeal category, PepsiCo is facing competition from home-grown firms such as Marico and some other companies. However, it still leads in the base oatmeal category
 "PepsiCo to expand snacks, packed food range with Indian flavoured products")
Zetwerk Manufacturing plans IPO in 15-24 months, aims to raise $500 million
The new factory will focus on manufacturing control boards for washing machines, refrigerators, air conditioners, and IT hardware
 "Zetwerk Manufacturing plans IPO in 15-24 months, aims to raise $500 million")
AI may enable collusion; regulators need a forward-looking approach: CCI
She also emphasised the need to adopt a forward-looking approach as well as trust-based regulations
 "AI may enable collusion; regulators need a forward-looking approach: CCI")
DVC launches Rs 1,500 cr project to modernise power supply, reduce losses
DVC's entire distribution network primarily serves industries, with negligible supply to retail consumers
 "DVC launches Rs 1,500 cr project to modernise power supply, reduce losses")
Carnelian Asset targets $2 bn AUM by FY26, plans expansion in 7 cities
The entity, which manages funds of high networth individuals, also plans to expand its reach in seven new cities during the next financial year
 "Carnelian Asset targets $2 bn AUM by FY26, plans expansion in 7 cities")
EIL, MECON, and 4 others in fray for RBI's currency management project
After evaluating the responses, RBI said it has shortlisted six entities for issuance of Request for Proposal (RFP), according to an official document
 "EIL, MECON, and 4 others in fray for RBI's currency management project")
Ola Electric's unit faces 2 insolvency petitions over unpaid vendor dues
Rosmerta Digital Services Pvt. and Rosmerta Safety Systems - suppliers of vehicle registration services and high-security registration plates respectively - have separately filed insolvency pleas
 "Ola Electric's unit faces 2 insolvency petitions over unpaid vendor dues")
SAIL to invest Rs 30,000 cr to expand Rourkela Steel Plant to 9 MT by 2030
Post expansion, which will come up over an area of 1,200 acre, RSP will alone contribute around 25 per cent to SAIL's overall 35 million tonne per annum (MTPA) production capacity
 "SAIL to invest Rs 30,000 cr to expand Rourkela Steel Plant to 9 MT by 2030")
US investment may be delayed due to tariff uncertainty: Tata Technologies
The company, a global product engineering and digital services firm with significant presence in the US, however, is hopeful that in the next month or two, there will be some clarity
 "US investment may be delayed due to tariff uncertainty: Tata Technologies")
Allchem Lifescience files IPO papers with Sebi, aims to raise Rs 190 cr
The Gujarat-based company's proposed IPO comprises fresh issue of equity shares aggregating up to Rs 190 crore and an offer for sale (OFS) of 71.55 lakh equity shares by promoters
 "Allchem Lifescience files IPO papers with Sebi, aims to raise Rs 190 cr")
