Company News

IBM opens first infrastructure innovation centre to boost India-led AI work

IBM has launched its first Infrastructure Innovation Centre in Bengaluru, bringing together engineering teams to accelerate development of secure and scalable enterprise AI and infrastructure systems

MakeMyTrip buys majority stake in Flamingo Transworld to boost packages

MakeMyTrip will acquire a majority stake in Flamingo Transworld, aiming to expand its holiday packages business by tapping the tour operator's strong regional presence in western India

UNIQLO targets 44% FY26 growth, plans to make India a global sourcing hub

UNIQLO is eyeing 44% growth in FY26 as it expands its India footprint and accelerates local sourcing, with plans to make the country a major global production hub for the retailer

Metlife GCC leases 75,000 sq ft in Noida's Oxygen Business Park

Metlife's global capacity centre has leased 75,000 sq ft at Embassy's Oxygen Business Park in Noida, adding to strong Grade-A office demand amid rising GCC activity and tech sector expansion

Embassy REIT raises ₹1,400 cr via 10-year NCD to boost long-term capital

Embassy REIT has raised ₹1,400 crore through a fully subscribed 10-year NCD issue, expanding its institutional investor base as the trust continues to secure long-duration capital

US beauty major Estee Lauder to acquire Ayurveda brand Forest Essentials

Forest Essentials headquarters to remain in Delhi; founder Mira Kulkarni to continue leading it

Australia's QBE to buy Prism Johnson's 51% stake in Raheja QBE for ₹324 cr

The Australian insurer will fully own the general insurance company after acquisition of 51% stake

Motilal Oswal buys 1.65% stake in Zelio E-Mobility for ₹9.8 crore

Motilal Oswal Financial Services has purchased a 1.65 per cent stake in Zelio E-Mobility through a Rs 9.8 crore block deal, boosting institutional interest in the newly listed EV maker

Jack Daniel's maker Brown-Forman to launch more premium brands in India

India's affluent buyers splurge on everything from jewellery to pricey liquor, making the country a focus for global brands

1Point1 Solutions completes $33.37 million acquisition of Netcom BCC

The acquisition marks a strategic entry of 1Point1 Solutions into the central and Latin American market, the company said in a statement

Adani Total Gas hikes industrial prices amid conflict in West Asia

As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, ‌which carries around one-fifth of oil consumed globally

MRPL shuts refinery units amid crude shortage from West Asia conflict

Asian refiners are struggling to secure prompt replacement crude cargoes as Iranian threats to shipping through the Strait of Hormuz have disrupted crude oil flows

GAIL weighs supply cuts to gas customers after Petronet LNG force majeure

Fallout from the US-Israeli attacks on Iran and a widening war has brought the transit of oil and LNG through the Strait of Hormuz to a near halt after some vessels in the area were hit

IndusInd Bank treasury head Siddharth Banerjee to step down in April

Banerjee, who has been the head of the global markets group at IndusInd Bank since 2020, has informed the management about his decision

Paytm ahead on monetisation, diversified business model gives it edge: BofA

BofA says Paytm continues to extend leadership in medium to high-monetisation segments such as merchant payments and lending, placing it ahead of rivals with a diversified revenue mix

Axis MF elevates R Sivakumar as its CIO; Ashish Gupta to step down

Axis Asset Management Company appoints R Sivakumar as chief investment officer as part of an internal succession plan following the exit of Ashish Gupta

SBI recruits 5,783 junior associates, crosses 18,000 hires in FY26

SBI has selected 5,783 junior associates from nearly 9 lakh applicants, taking its total hires in FY26 to more than 18,000 as the bank ramps up customer service and branch operations

IIFL Finance hires EY for due diligence on potential Samasta stake sale

IIFL Finance has appointed EY to conduct due diligence for a possible stake sale in its MFI arm Samasta, as the lender evaluates strategic options amid pressure on the microfinance portfolio

Apple rivals top Indian manufacturers by turnover on surging iPhone output

Based on data provided to the government, Apple manufactured iPhones worth $27 billion in India in 2025 on a freight-on-board (FOB) basis

Reliance Jio to be among first scalable token services providers: CEO

Reliance Jio plans to integrate AI deeply into its telecom operations and position itself among the first scalable token services providers globally, group CEO Mathew Oommen said