Company News

JLL Business Services opens 1.2 lakh sq ft GCC in Hyderabad, eyes expansion

JLL Business Services has launched a 120,000 sq ft global capability centre in Hyderabad's Financial District, with plans to expand the workforce to 1,600 over two years

Property Share files for ₹484 crore IPO of its fourth SM REIT scheme

Property Share Investment Trust has filed draft papers for its fourth SM REIT scheme, PropShare Lumina, aiming to raise up to ₹484.68 crore through a fully leased Grade A+ office asset in Noida

Chalet Hotels adds two Athiva hotels to pipeline, enters Hyderabad market

The K Raheja Corp-backed hospitality firm adds 381 keys across Hyderabad and Pune under its Athiva brand, taking its total inventory, including the pipeline, close to 5,500 keys

Nazara raises ₹733.5 cr through preferential issue to fund acquisitions

Incoming CEO Raymond Stauffer will invest about ₹583 crore as Nazara strengthens its balance sheet to fund acquisitions, AI-led game development and business expansion

Nazara to raise ₹733.5 crore through a preferential issue for expansion

Nazara plans to raise ₹733.5 crore via a preferential issue, with the funds earmarked for acquisitions, business expansion, intellectual property and AI-led game development

Surprised by scale, length of tax litigation in India: BMW Group India CFO

Carsten Lammers says prolonged tax and customs disputes create uncertainty for global businesses, urging faster resolution, simpler tax laws and consistent policy implementation

Maruti urges govt to launch amnesty scheme for past indirect tax disputes

CFO Arnab Roy calls for an "as-is" settlement mechanism or amnesty option to clear the historical litigation backlog and unlock trapped capital

Standard Chartered expands GIFT City presence with wealth management push

The foreign lender expects to roll out wealth management services over the next few months, expanding its retail offerings from the international financial services centre

Kolte-Patil eyes ₹6,000 cr from 6 projects in Mumbai Metropolitan Region

In a regulatory filing, Pune-based Kolte-Patil Developers informed that it has added six society redevelopment projects across prime locations in the MMR

Honda Motor outsources new vehicle programme to Tata Tech to cut costs

The farming out of this crucial function marks a departure for Honda, which has typically kept development of core vehicle platforms largely in-house or within its established supplier network

Ola Electric opens sales, service network to dealer partners across India

This marks a structural shift in the company's go-to-market approach, five years after it launched its first electric scooters, Ola Electric said in a statement

Swiggy targets ₹10,000 cr core earnings by FY31 on Instamart growth

The food delivery platform expects strong expansion in Instamart and aims to nearly quadruple consolidated gross order value by fiscal 2031

HPCL buys 2 million bbl West African oil for September via tender

The state-run refiner has purchased Nigerian Forcados and Bonga crude for its Vizag refinery, according to trade sources

AI could make large firms net job losers, says Nilekani; backs applied AI

Nilekani said large companies would likely become "net job losers" as AI automates routine tasks, while employment would increasingly come from small firms

Kolte-Patil Developers announces 6 MMR projects worth ₹6,000 crore GDV

The Blackstone-backed developer plans to launch the projects across Mumbai and Navi Mumbai over the next six to 12 months, subject to regulatory approvals

Bajaj General Insurance ties up with Swiss Re for commercial partnership

Partnership will use Swiss Re's international platform to offer structured risk solutions to Indian companies

Medicover to sell India hospital business to KKR for $1.39 billion

The Swedish healthcare provider will sell its India hospital operations to KKR-managed funds as it sharpens its focus on key European markets

Vedanta Aluminium raises ₹13,500 crore loan after group's demerger

The loan tenors range between 6-1/2 years to 7 years with the proceeds to be used to refinance an existing debt that Vedanta Aluminium inherited from the previously integrated company structure

Visa's AI push claims 1,400 jobs in sweeping India workforce cuts

Nearly 40% of Bengaluru tech centre's workforce laid off in first major retrenchment since 2015

Tata Sons remains an 'upper-layer NBFC', RBI says deregistration pending

The Reserve Bank of India indicates Tata Sons continues to be an upper-layer NBFC under principle-based norms, while its application to surrender its CIC licence remains under consideration.