Company News

HDFC Bank's advances rise 15.4% YoY, deposits grow 14.7% in Q1FY27

India's largest private lender reports gross advances of Rs 30.61 trillion and deposits of Rs 31.71 trillion at June-end, while CASA deposits decline sequentially

Rapido founders booked in Nagpur over bike taxi operations without govt nod

Case filed after RTO alleges petrol-powered private two-wheelers were used for commercial passenger transport without government permission

Maersk places maiden India order for 1,000 containers with DCM Containers

Danish shipping major AP Moller-Maersk has placed an order for 1,000 containers with DCM Containers, marking the first such order by a global carrier from an Indian manufacturer

Fortis signs O&M agreement for 300-bed hospital, enters Odisha market

Hospital chain Fortis Healthcare has signed an O&M agreement with Dion Group to operate a 300-bed hospital in Cuttack, marking its entry into Odisha and expanding its eastern India presence

IndusInd Bank loan book grew in Q1, a first since accounting lapse

Public sector lenders Union Bank of India, Central Bank of India and Canara Bank posted double-digit growth in advances in April-June of FY27

9 former Axis Bank execs take top leadership roles across financial sector

Axis Bank has emerged as a major leadership talent pool for India's financial sector, with former executives taking top roles across banks, NBFCs and financial institutions

1st in nearly a decade: ICICI Bank plans to raise $500 mn via dollar bonds

ICICI Bank will become the fourth commercial bank to take advantage of RBI's concessional swap window for overseas foreign currency borrowing

Vedanta Metal Bazaar processes $5 bn in FY26 sales, boosts MSME procurement

Vedanta's digital metal procurement platform processed nearly $5 billion in FY26 sales, with over 450 MSMEs using it for sourcing metals and accessing ₹1,600 crore in channel financing

Nestle India raising tech investment to bolster operations: Manish Tiwary

Firm remains focused on sustaining margin resilience

RIL value matches top 5 IT titans' combined market capitalisation

The combined market value of TCS, Infosys, Wipro, HCL Technologies and Tech Mahindra has declined 46.2 per cent from a record ₹33.71 trillion at the end of August 2024 to ₹18.15 trillion

ACME, Mitsubishi sign $1 bn supply pact for Odisha green methanol unit

ACME Green Molecules and Mitsubishi Gas Chemical have signed a $1 billion long-term agreement for the annual supply of 100,000 tonnes of green methanol from Odisha

HCLTech wins $1.14 billion deal from Fortune Global 50 European client

The five-year deal with a European Fortune Global 50 company will help HCLTech transform and manage the client's global digital workplace and enterprise networks

Rising discretionary spending, formalisation key growth drivers for Titan

Titan expects rising discretionary spending, premiumisation and formalisation across categories, along with robust economic growth, to drive long-term demand for its branded products

Apollo Cancer Centres launches Guardant Health's Shield MCD test in India

Apollo Cancer Centres has partnered with Zydus Lifesciences to introduce Guardant Health's Shield Multi-Cancer Detection blood test, becoming the first healthcare institution in India to offer it

Dabur expects strong Q1 profit growth as price hikes cushion inflation

The FMCG major said higher prices helped offset inflationary pressures, while rural demand and international markets continued to drive growth

Fortis Healthcare signs pact with Dion Group for 300-bed Odisha hospital

The agreement marks Fortis Healthcare's first major presence in Odisha

BLS E-Services acquires Atyati Technologies for ₹157 cr in an all-cash deal

BLS E-Services, a subsidiary of BLS International, provides business correspondent (BC/rural banking outlets) services, loan distribution, and e-governance services, among others

Tata Power Renewable commissions 100.8 MW wind project in Maharashtra

The project comprises 28 SG 3.6-145 Wind Turbine Generators, based on advanced horizontal-axis wind turbine technology

JSW Steel starts construction of ₹16,350-crore Andhra Pradesh steel project

JSW Steel described the Rayalaseema investment as one of the largest industrial projects in the region

ToneTag unveils AI banking assistant for millions of small merchants

The voice-enabled platform lets banks deliver services through existing payment devices, aiming to deepen merchant engagement without new infrastructure