Company News

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

Standard Chartered processes India's 1st cross-border payment in 37 seconds

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

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

Project set to become India's largest foreign mining investment

TVS Motor June sales jump 47% to 590,003 units, EV sales more than triple

Total two-wheelers sales, including moped, registered a growth of 47 per cent at 565,417 units in the previous month as against 385,698 units in June 2025

Bajaj Auto total sales up 28% to 463,202 units in June, exports jump 47%

The Pune-based automaker had sold 360,806 vehicles in June last year, Bajaj Auto Ltd said in a regulatory filing

ShareChat plans $400 million IPO after turning operationally profitable

The company, commonly known as ShareChat, has become operationally profitable in the first quarter of the year that began April 2026

Tata Motors widens electric passenger vehicle lead as competition hots up

Q1 Vahan data show overall PV market share rising to 14.2% from 12.5%, reinforcing Tata Motors' No. 2 position

Zee board approves Rs 3,144 crore preferential fund raise from promoter

The board approved the issuance of convertible warrants to promoter entity Sunbright Mauritius Investments and also cleared the proposed ESOP 2026, subject to shareholder approval

Businesses not kicked about WhatsApp's username move despite user interest

Businesses say phone numbers will remain central to customer interactions despite WhatsApp's username feature, while cybersecurity experts expect improved privacy and lower spam

HSBC to develop 1.2 mn sq ft integrated campus in Bengaluru with Prestige

The integrated campus on Bengaluru's Outer Ring Road will bring together HSBC employees from multiple locations and is designed with a focus on collaboration, sustainability and wellbeing

M3M Group to invest ₹10,000 crore in construction, land acquisition in FY27

The Gurugram-based developer will invest Rs 7,200 crore in construction and Rs 2,500 crore in land acquisition as it expands its project pipeline and branded housing portfolio