Company News

Footwear major Bata India appoints ex-Nike executive Sanjay Rao as MD & CEO

Rao succeeds Gunjan Shah, who will conclude his tenure upon completion of his five-year mandate leading the business

Tata Motors to hike commercial vehicle prices by up to 2.5% from July

Tata Motors will raise commercial vehicle prices by up to 2.5% from July 1 and has joined the government's truck and bus replacement scheme

Apple may soon become forex-positive on India iPhone production

Apple is nearing forex-positive iPhone production in India as exports rise and localisation improves, according to a senior Meity official

Andersen Global partners with JMP Advisors to strengthen presence in India

Multinational tax and advisory firm Andersen Global has strengthened its presence in India through a collaboration agreement with tax and regulatory advisory firm JMP Advisors.

SBI board approves raising up to ₹60,000 crore via bonds in FY27

The country's largest lender plans to raise funds through long-term bonds, Basel III-compliant AT1 bonds and Tier 2 bonds during FY27

Amazon turns to smaller cities to drive next phase of Prime growth

About 70 per cent of new Amazon Prime members now come from Tier-II and Tier-III markets as the company expands Amazon Now and prepares for Prime Day 2026

HDFC Bank extends Keki Mistry's term as interim chairman by 3 months

RBI has approved the extension of Keki Mistry's tenure as interim part-time chairman of HDFC Bank until September 18, 2026, or until a regular chairman is appointed

Emirates NBD completes acquisition of 60% majority stake in RBL Bank

UAE-based lender completes ₹26,000 crore capital infusion into RBL Bank, marking the largest foreign direct investment in India's banking sector

FILA Group sells 7% stake in DOMS for ₹934 cr; SBI, Axis MFs raise holdings

SBI Mutual Fund (MF) and Axis MF have increased their holdings in DOMS Industries by purchasing a combined stake of 2.13 per cent for ₹285 crore

Man Industries and its Saudi arm bag fresh orders worth ₹1,000 crore

While Man Industries bagged new orders worth ₹300 crores, its Saudi Arabia-based step-down subsidiary, National Pipe Company, received orders worth ₹700 crore

JLR doubles down on North America amid slowing momentum in China

Jaguar will go all-electric, while Range Rover and Defender retain hybrid and combustion options as JLR pivots towards North America and future growth markets

HDFC Bank raises $750 mn via 5-year bond issue from GIFT City unit

India's largest private-sector lender tapped offshore markets through its GIFT City IFSC unit, issuing senior unsecured bonds carrying a 5.067 per cent coupon

Canada Pension Plan Investment Boards invests up to ₹7,000cr in CtrlS

Partnership includes an 8.2 per cent stake acquisition and a joint venture to develop hyperscale datacenter campuses across India amid rising AI and cloud demand

Target India signs ₹1,250-crore Bengaluru office lease for GCC expansion

The retailer's India arm has leased 8.3 lakh sq ft at Embassy Manyata Business Park, reinforcing Bengaluru's position as the leading hub for GCC-led office demand

Adani Green seeks to raise $1 billion via offshore loan after US settlement

The company is in early talks with lenders and advisors to raise a dollar loan, which may be raised in two tranches over the next three months

Reliance Jio denies Telegram blocking charge levelled by Pavel Durov

Jio said it was operating its network in line with global routing standards after Telegram founder Pavel Durov alleged sabotage of access to the messaging platform

Govt sells 5% GIC stake; FY27 disinvestment haul tops ₹16,000 crore

Non-retail investors oversubscribed the offer for sale (OFS) on Tuesday, putting in bids worth ₹4,000 crore. The OFS opened for retail investors on Wednesday

Tulip Infratech plans ₹6,000 crore investment in Gurugram luxury housing

Developer launches Rs 1,100-crore Tulip Melrose project on Southern Peripheral Road as part of a larger luxury housing expansion plan

MINI starts India production of Countryman C, prices SUV at ₹47.5 lakh

Locally manufactured SUV becomes the most affordable Countryman in India and strengthens MINI's domestic portfolio

J K Paper CMD Singhania elected Chair of International Chamber of Commerce

JK Paper CMD Harsh Pati Singhania has been elected Chair of the International Chamber of Commerce, succeeding Philippe Varin at the global body