Company News

Shapoorji Pallonji refinancing delays prompt some bondholders to seek exit

Some investors are attempting to offload debt linked to a Shapoorji Pallonji Group subsidiary at a discount as negotiations over refinancing and repayment extensions continue ahead of a key deadline

Adani case: NY judge's query unlikely to stall DoJ move, says lawyer

The lawyer added that there is little precedent for a federal court compelling prosecutors to continue pursuing a criminal case once the Justice Department has decided it should be dismissed

Zerodha plans foray into investment banking, seeks Sebi registration

Zerodha has applied for a Category 1 merchant banking licence from Sebi, marking its entry into IPOs and corporate finance as it diversifies beyond broking

US probe found no Chinese cells in solar panels: Waaree Energies

Waaree Energies said a US Customs investigation found no evidence that it exported solar modules made with Chinese-origin cells and that its US operations remain unaffected

Prestige Group holds ₹65,000 cr unrecognised revenue on pre-sales: Chairman

The real estate developer's unrecognised revenue has swelled to around ₹65,000 crore, supported by strong housing sales and record booking values over the past three financial years

Embassy to invest ₹1,500 cr to build office space in Bengaluru: MD

The realty firm has started construction of the first phase of a 6 mn sq ft office complex in Bengaluru, aiming to strengthen rental income portfolio while continuing to focus on residential growth

Progcap looks to raise $45 million equity capital in FY28 to fuel growth

The fintech firm plans to raise up to $45 million through a private placement of shares next financial year to support the expansion of its MSME lending operations

Tata Motors Passenger Vehicles plans 4 new EVs, over 10 refreshes by FY31

The company is preparing for the next phase of growth in its electric vehicles segment, eyeing over 30 per cent EV penetration by FY31

Strides sells majority stake in Pivot Path to Ascent Capital-led consortium

Following the completion of the transaction, Pivot Path will be reclassified from a wholly owned subsidiary to an associate company of Strides

Strides Pharma to sell majority stake in Pivot Path for ₹100 crore

Strides will receive ₹75 crore at initial closing and ₹25 crore on the first anniversary of closing

Kotak Bank's MD&CEO Ashok Vaswani to step down at end of Dec 2026

Vaswani has said he will not seek re-appointment, and is stepping down for personal reasons; the bank has initiated the process of appointing a new MD&CEO

Power Grid raises borrowing limit to ₹2.2 trillion, board approves plan

The board approved a proposal for the enhancement of borrowing limits from ₹1,80,000 crore to ₹2,20,000 crore, subject to the approval of the shareholders at the ensuing annual general meeting

Persistent to buy German digital engg firm Nagarro, expand Europe presence

The all-cash acquisition, backed by Nagarro's largest shareholder, will expand Persistent's European presence and is expected to take combined annual revenue to about $2.9 billion

US judge seeks reasons for dropping criminal charges against Gautam Adani

The Justice Department said last month it would no longer pursue the prosecution

Alstom gets €107 mn loco maintenance contract renewal from Railways

The five-year contract covers maintenance of 250 WAG-12B locomotives at Alstom's Nagpur depot under a renewed agreement with its joint venture with Indian Railways

Micromax-Phison JV MiPhi first to manufacture enterprise SSDs locally

Micromax-Phison JV making these advanced data-storage solutions at its Noida plant

Legal review reveals ex-chairman's charges 'not substantiated': HDFC Bank

Atanu Chakraborty didn't participate in the review, ignoring requests from the external law firms

ITC's FMCG business clocks consumer spend of over ₹37,000 cr in FY26

ITC's non-cigarette FMCG portfolio crossed Rs 37,000 crore in annual consumer spend in FY26, driven by strong brand growth, acquisitions and rising household reach

Byju's lenders seek nearly 30% stake in Aakash under settlement talks

Global lenders are in advanced talks to take a stake in Aakash Educational Services and withdraw legal action against Byju's founder Byju Raveendran

Foxconn Singapore acquires stake in India subsidiary for $37.2 million

Taiwanese electronics manufacturer increases its stake in the India unit as it expands iPhone production and accelerates investments in artificial intelligence and advanced manufacturing