Company News

Costa Coffee store count shrinks to 198 in India in FY26, revenue up 7%

However, Costa Coffee's revenue was up 7 per cent year-on-year to ₹212.5 crore in FY26

Maruti Suzuki targets 900,000 units of CNG vehicle sales this fiscal

The demand for CNG vehicles is no longer restricted to small cars and vans, but it has also seen a rise even in the company's SUVs, Maruti Suzuki India Ltd (MSIL) Senior Executive Officer said

Tata Technologies confident of a breakout year in FY27: CEO Warren Harris

The company is strategically poised to take advantage of a shift taking place in the industry where OEMs are increasingly looking to outsource more development work

Hindustan Zinc plans ₹5,000 crore capex for FY27, 80% for current projects

CEO Arun Misra said around 80 per cent of the FY27 capital expenditure will fund ongoing projects, while the remainder will be deployed for new initiatives

IDFC First Bank Q1FY27: Net profit rises 132% Y-o-Y to ₹1,075 crore

The bank further said its loans and advances increased to ₹3,05,370 crore as of June 30, 2026 from ₹2,53,233 crore as of June 30, 2025, a growth of 20.6 per cent

AU SFB posts 37% rise in Q1 profit as NII grows, provisions decline

The lender's June-quarter profit was aided by strong growth in net interest income and lower provisions, although asset quality weakened sequentially

Maruti targets 25-30% growth in SUV sales in FY27 on new Brezza, launches

SUV contribution to Maruti Suzuki's domestic sales has risen from 12 per cent in FY23 to around 30 per cent in the first quarter of FY27

Tata Consulting Engineers targets $1 billion revenue milestone by FY31

The Tata Group engineering consultancy is betting on energy, semiconductors, metals, infrastructure and manufacturing to triple its business over the next five years

Odisha to house HCLTech's first data centre; ₹15,000 cr AI push planned

A first of its kind project in India, the facility will provide secure, scalable and inclusive digital infrastructure for government, research institutions, startups and enterprises

ICICI Bank raises $1 billion through 5-year USD bonds at T+100 bps

This is ICICI Bank's first dollar bond issuance since 2017 and also the largest single tranche dollar bond issuance by an Indian issuer in 2026

BNP Paribas Cardif to buy 26% stake in IndiaFirst Life from Warburg Pincus

The transaction, subject to regulatory approvals, will make BNP Paribas Cardif the second-largest shareholder in IndiaFirst Life after Bank of Baroda

Avenue E-commerce's FY26 loss widens to ₹306.53 crore on expansion push

The online arm of Avenue Supermarts reported a higher annual loss as it invested in expanding DMart Ready's home delivery network and fulfilment infrastructure

Oriflame to sell India manufacturing operations to Akums subsidiary

The Swedish beauty brand will retain its commercial operations in India while entering a long-term manufacturing and supply partnership with Akums

Adani Energy bags ₹8,500 cr Andhra transmission project for green molecules

The inter-state transmission project in Andhra Pradesh will supply power to proposed green hydrogen and green ammonia projects in Vizag and be completed in 30 months

Bupa open to raising stake in Niva Bupa

Bupa is open to increasing its stake in Niva Bupa as its India business outperforms global operations, with the insurer also focusing investments on technology and distribution

Bain Capital to acquire UK vitamins maker Vitabiotics in $1.2 billion deal

The private equity firm will back the 55-year-old company's global expansion, with its Asia team leading growth in India, the Middle East and China

PTC Industries bags order from Gun Factory Kanpur for artillery components

The company will develop and manufacture two major artillery gun components, building on its work for BAE Systems' M777 howitzer programme

HCLTech announces first AI data centre in partnership with Sarvam in Odisha

HCLTech said the planned capital outlay for the project will be around ₹14,257 crore, including financial assistance from the Odisha government.

Coforge bags $230 million AI transformation deal from European client

The five-year contract is among the company's largest AI-led transformation engagements in Europe and underscores rising enterprise spending on AI-driven digital modernisation

Primus, HDFC Capital partner to launch ₹2,000 cr senior living platform

The platform will develop ownership- and rental-led senior living communities across six cities, aiming to turn the underserved segment into a mainstream asset class