Company News

Zee shareholders approve ₹3,143.5 crore promoter fund infusion, Esop plan

Company will issue 24,94,85,563 warrants at Rs 126 each; ESOP plan for employees also gets shareholder approval

Embassy Reit eyes Hyderabad; has 1.5 msf office development pipeline

Embassy Reit expects strong leasing demand to continue, targets 92 per cent occupancy in FY27 and is evaluating Hyderabad expansion with a 1.5 msf development pipeline

The challenge before CEO Ashiss Kumar Dash: To boost Infosys growth

Infosys' revenue recorded a compound annual growth rate (CAGR) of 30.3 per cent during N R Narayana Murthy's period between financial year 1992-93 (FY93) and FY02

Bajaj Finserv enters reinsurance; third private player in one year

The board approved Bajaj Finserv's entry into reinsurance, subject to Irdai approval, as competition intensifies in a market long dominated by GIC Re

Adani plans ₹1.5 trillion investment in Odisha nuclear power projects

The group has proposed two nuclear power plants, a thermal power station and pumped storage projects, with the plan to undergo detailed scrutiny before any approval

IndiGo MD Rahul Bhatia's call for winning carriers faces a reality check

Indian carriers are losing share on international routes as foreign airlines strengthen their presence, underscoring the challenge of building global aviation champions

ITC's Q1 profit drops 27% as premium cigarette demand softens amid tax hike

India's ITC reported ​a 27% fall ​in quarterly profit ‌on Friday, as fresh cigarette tax hikes this year squeezed margins, while staggered price hikes weighed ‌on demand for pricier brands

Ramkrishna Forgings expects exports to recover on stronger global orders

The company expects exports to contribute 35 per cent of FY27 revenue as demand improves in North America and Europe, helping absorb newly created manufacturing capacity

L&T signs six-year EPC framework agreement with Oman's leading gas producer

L&T Energy Hydrocarbon Onshore has been selected as one of four EPC contractors for Petroleum Development Oman's upcoming FEED and EPC projects.

Adani Energy may launch another institutional share sale next fiscal

Adani Energy Solutions has shareholder approval to raise up to ₹10,000 crore through shares in one or more tranches

Tata Power begins work on Rs 5,750-crore Andhra renewable project

TPREL's 800 MW project combines solar, wind and battery storage under Andhra Pradesh's clean energy policy, with completion expected to boost renewable capacity

Tata Digital's financial services chief Gaurav Hazrati exits amid revamp

Hazrati's departure comes as Tata Digital sharpens its focus on financial services and loyalty, while new CEO Sajith Sivanandan continues to reshape the leadership team

Piramal Pharma eyes mid-teens growth in FY27, prioritises organic expansion

Higher capacity utilisation, operating leverage and broad-based demand across CDMO, hospital generics and consumer healthcare are expected to support margins in FY27

Hyundai Motor India Q1 net profit falls 35% on exports hit, supplier fire

Automaker retains FY27 growth and margin guidance as it expects production to normalise after supplier disruption and export weakness caused by the West Asia conflict

As uncertainty becomes the new normal, M&M must enter attack mode: Mahindra

Mahindra Group chairman says prolonged global uncertainty offers prepared companies an edge, with India poised to emerge as a multi-aligned 'connector economy'

NTPC builds more renewable energy capacity than coal for first time

Energy giant shifts focus from thermal power to solar, wind

Zepto pauses IPO, to raise Rs 1K cr in pre-IPO round at $4.5 bn valuation

The capital infusion is expected to be led primarily by domestic investors to raise Indian shareholding in the company, which currently stands at around 40 per cent

Mahindra's EV arm turns unicorn with ₹322 crore funding, IPO on track

Rs 322-crore funding led by Lightrock values Mahindra Last Mile Mobility at Rs 10,822 crore as the company targets a second-half FY27 listing

NMDC scouts Argentina's copper belt as critical minerals push gathers pace

State-run miner explores partnerships across six Argentine provinces for copper, lithium and rare earths as it expands its overseas critical minerals strategy

Flipkart pushes deeper into consumer lending with Pay Later service

E-commerce giant launches checkout credit across its platforms with PayU Finance as the first lending partner, betting commerce data can broaden access to consumer credit.