Company News

Adani Energy to acquire smart meter player IntelliSmart for ₹3,050 crore

The proposed ₹3,050 crore transaction includes the acquisition of 100% of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF

Explained: What happens when IBC-linked stocks face market restrictions

Reliance Infrastructure's plea to review ASM restrictions puts the spotlight on whether insolvency-linked trading curbs protect investors or limit their exit options

TCS will have as many AI agents as human employees: N Chandraskaran

TCS Chairman N Chandrasekaran said the company could have as many AI agents as human employees within three years, driven by rising enterprise AI adoption and technology spending

FirstCry-promoted Swara Baby to file papers for up to ₹1,000-cr IPO in June

The proposed IPO is expected to comprise a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders

JSW Steel posts 15% growth in May crude steel output, produces 2.29 MT

JSW Steel reported a 15 per cent increase in consolidated crude steel production in May, supported by higher output from Indian operations, Dolvi plant operations and JV ramp-up

JSW Steel's May crude steel output rises 15% to 2.29 million tonnes

Output gains were driven by full operations at Dolvi and the ramp-up of JVML, while a key blast furnace at Vijayanagar remained shut for expansion

Paytm planning to hire 4,000 employees in AI pivot with some roles cut

Paytm to continue hiring through March 2027, expanding teams across product, technology and AI, with recruitment also planned for senior leadership roles

Tata Group units plan bond sales after year-long gap, say bankers

Indian corporate bond yields have eased after the Reserve Bank of India maintained key policy rates unchanged last week, providing some relief to the market

Flipkart joins Meta affiliate programme to expand creator-led shopping

The partnership will allow creators to tag products from Flipkart and Myntra on Meta platforms, helping shoppers move seamlessly from discovery to purchase

JSW's new energy vehicle bet hinges on technology and battery tie-ups

Having tied up with a Chinese company to produce cars, can JSW snag another such deal to make lithium-ion batteries?

Don't even know where LIC's office is, says Rajesh Exports chief

The stock of Rajesh Exports Ltd has tumbled over 14 per cent since June 3, and hit a new lower circuit limit of Rs 94.50 on Monday

Tata Trusts board skips thorny issues as key decisions remain pending

Tata Trusts confined discussions to routine matters, deferring decisions on N Chandrasekaran's tenure and Tata Sons' potential listing amid legal challenges

Rapido has 25% of cab drivers, 35-40% of market: Co-founder Aravind Sanka

Rapido says it has captured up to 40% of India's cab ride market, onboarded 500,000 drivers and plans expansion into e-rickshaws and more cities

Teachers raise questions about their changing role at PhysicsWallah

As PhysicsWallah scales rapidly, some mentors say academic roles are increasingly tied to student retention and renewals, a claim the company disputes

BMW Group India to hike prices by up to 2% across portfolios from July 1

BMW Group India will raise prices by up to 2% across BMW and MINI models from July 1, citing rupee depreciation and higher logistics costs

Vedanta's Zambia copper unit faces going-concern warning in SEC filing

CopperTech Metals, preparing for a US listing, said Konkola Copper Mines will require continued financial support from Vedanta to sustain operations and fund expansion plans

Court orders probe into alleged illegal fly ash dumping by Vedanta unit

Jharsuguda court directs police to register an FIR and investigate allegations of unauthorised fly ash dumping near the Bheden river by Vedanta Aluminium.

TCS sets up dedicated business unit for AI-native GCC operations

The new Global Value & Innovation Centres unit will help enterprises set up AI-native GCCs and transform existing centres into innovation- and value-driven operations

Grasim to invest ₹3,094 cr to expand Lyocell capacity in Karnataka

It will support Grasim to participate in the growing global demand for sustainable and high-performance textile materials

Bank of India launches Mumbai hub for partnership-led financing businesses

The Strategic Business Branch will house co-lending, pool buyouts, TReDS and supply chain finance operations under one roof to improve efficiency and risk oversight