Company News

Adani Group seeks Kerala govt approval for Vizhinjam port stake sale

Adani Group has approached the Kerala government for approval of its proposed $1.4 billion stake sale in Vizhinjam Port after the transaction triggered political objections

Tata Steel eyes €400-500 million EBITDA from Netherlands operations in FY27

Chairman Natarajan Chandrasekaran says Dutch operations remain self-funded, while the company targets 800 million-1 billion euros in EBITDA over the longer term

StanC 1st in India to process remittance under Swift's new retail payments

Bank completes cross-border payment from Australia in 37 seconds under Swift's new retail payments scheme, enabling near real-time credit to beneficiary bank

MEIL passenger car foray enters final lap, EV joint venture soon

Hyderabad-based Megha Engineering & Infrastructures is expected to announce an electric vehicle joint venture in the coming months as it prepares to enter the passenger car segment

Adani targets five-year rollout for $11.5 billion Odisha aluminium project

Construction is expected to begin 12-18 months after land acquisition and statutory approvals, with the first phase of the integrated aluminium project due in about five years

Marico expects to post double-digit consolidated revenue growth in Q1

Marico expects revenue growth in the early twenties for Q1FY27, driven by strong domestic demand, Parachute Coconut Oil and international business

Suzuki Motor Corp to double Kharkhoda plant capacity to 1 million units

Suzuki Motor Corporation will expand the capacity of its newly inaugurated Kharkhoda manufacturing facility in phases, reinforcing its long-term commitment to India

PC Jeweller posts 21% growth in Q1 revenue; to be debt free in Sep quarter

PC Jeweller reported 21% revenue growth in Q1FY27 and said it expects to become debt-free in the July-September quarter after cutting over 90% of its debt

BPCL buys Videocon's Brazil oil and gas stake, takes full ownership of JV

BPCL has acquired Videocon's remaining stake in IBV Brasil Petroleo, taking full ownership of the Brazilian venture as it looks to expand overseas energy assets

OIL targets early 2027 for commissioning of Numaligarh refinery expansion

State-owned Oil India expects its Rs 28,000 crore Numaligarh refinery expansion project to be operational by early 2027, tripling refining capacity to 9 million tonnes

Maruti's ₹35K cr Kharkhoda plant inaugurated, capacity to reach 1 mn units

Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi inaugurated Maruti Suzuki's Kharkhoda plant, which is set to scale up to 1 million units annually

Amazon India legal chief steps up fight against fakes and AI-enabled scams

As Amazon commits $48 billion to India through 2030, legal chief Rakesh Mohan Bakshi says combating counterfeiting and AI-enabled fraud has become central to the company's strategy

Bank of Baroda settles NMC Health litigation for nearly $600 million

Shares fall 4 per cent after the state-owned lender settles long-running litigation linked to NMC Health's collapse; domestic advances rise 16.14 per cent and deposits 14.74 per cent

Ujjivan SFB raises FCNR(B) deposit rate to 7.50% after RBI eases norms

Ujjivan Small Finance Bank raises interest rates on 3-5-year FCNR(B) deposits after the RBI removes the ceiling on fresh deposits of similar maturities

Udaan's S'pore Holding co faces insolvency proceedings over $170 mn default

Creditors filed a winding-up petition after debt-restructuring talks collapsed; Udaan says the proceedings are limited

Can cheaper bank funding spark India's next M&A cycle after RBI move?

Banks can now finance acquisitions under RBI's revised framework; experts say lower borrowing costs may improve deal economics, but valuations and strategic fit will continue to drive M&A decisions

Amazon to act against India delivery partner after fire probe concludes

A fire at M&M Logistics Solutions, an Amazon delivery partner in the northern state of Uttarakhand, killed two people on June 5

Adar Poonawalla Family Office invests ₹700 crore in Inox Clean Energy

This follows an investment from CalPERS, which had invested approximately ₹800 crore in the previous rounds, amongst other investors, Inox Clean said in a statement

Odisha lands India's biggest mining FDI with Adani-IRH ₹1.08 tn deal

Integrated project, billed as India's largest FDI proposal in mining and metallurgy, will create over 53,500 jobs and strengthen the state's aluminium value chain

Adani Group, UAE's IHC plan $11.5 billion aluminium investment in Odisha

Project set to become India's largest foreign mining investment