Company News

Parminder Singh named CEO of Reliance-Meta AI joint venture REIL

Reliance-Meta AI joint venture REIL names Parminder Singh as CEO to drive enterprise AI capabilities, backed by Meta's technology and Reliance's infrastructure and reach

Top 5 IT cos' net hiring down for FY26; uncertainties to continue

Top IT firms see net hiring decline in FY26 as AI-led shifts, weak demand, and global uncertainties slow recruitment and dampen fresher hiring outlook

Classic Legends reroutes exports to Europe amid US uncertainties

Classic Legends shifts export focus to Europe and other markets while turning profitable, navigating US uncertainty and supply chain disruptions

Google to set ball rolling for $10 billion Vizag AI data centre next week

Google is set to begin work on its $10 billion hyperscale data centre in Visakhapatnam, marking a major FDI push and advancing Andhra Pradesh's 'AI City Vizag' plans

M&M patent portfolio grows 20-fold over decade on strong R&D push

Mahindra & Mahindra's patent portfolio has expanded sharply over the past decade, with granted patents rising over 20-fold, reflecting a stronger focus on R&D and innovation

India builds China-light Apple supply chain, overtakes Vietnam in suppliers

Supplier base 3x, tops Vietnam; China share below 10%

Shortage of memory chips likely to continue till 2027-end: Asus Co-CEO

While memory chip shortage has hit sales in markets across the globe, the Indian market has been resilient so far, said Asus global Co-Chief Executive Officer Samson Hu

By 2030, India will become our largest mkt in passenger volumes: Flix exec

Flix expects India to become its largest market by 2030, driven by rising demand and rapid network expansion, though access to bus terminal infrastructure remains a key constraint

Birla Estates reports FY26 bookings of ₹8,136 crore, up nearly 1.7%

Birla Estates reported FY26 bookings of Rs 8,136 crore, up 1.7 per cent YoY, supported by strong demand in NCR and Bengaluru and a focus on premium residential developments

BCCL offers up to 10% discount to power plants for higher coal offtake

BCCL has introduced a scheme offering up to 10% cash discount to power plants for higher coal offtake in Q1 FY27 to boost lifting and support stable power generation

Shyam Metalics to invest ₹700 cr in downstream aluminium plant in Odisha

The project, being developed through its step-down subsidiary Smel Steel Structural Pvt Ltd, is in an advanced stage and is expected to be commissioned by June 2026, the company said

Dabur India appoints Herjit S Bhalla as CEO for India business operations

Dabur India has appointed Herjit S Bhalla as CEO for its India business, with the former Hershey executive set to report to Global CEO Mohit Malhotra

Union Bank of India Q4 results: Net profit rises 6.6% to ₹5,316 crore

Stock drops 7% amid sequentially higher provisions

Amazon India to invest $300 mn to expand logistics, worker benefits

Move supports faster deliveries and AI-led operations under long-term India push

Ed-tech start-up AITS raises $4 million in pre-Series A funding round

AITS raises $4 million to expand Rysen School across Tier-II and III cities, targeting 100,000 students with tech-driven learning and 100 new campuses in three years

WhatsApp introduces prepaid mobile recharges for Jio, Airtel, and Vi

WhatsApp has introduced in-app prepaid mobile recharge for users in India, enabling seamless payments for Jio, Airtel and Vi plans as it expands its payments ecosystem

Bikaji Foods founder Shiv Ratan Agarwal passes away at 74 in Chennai

The 74-year-old complained of uneasiness and was rushed to a private hospital in Tamil Nadu's capital, where he breathed his last

Mphasis acquires TAP Business Intelligence for ₹68 crore to boost AI push

Through this acquisition, Mphasis and TAP will combine elements required to drive enterprise business outcomes using AI at scale

Cipla gets USFDA nod for respiratory issues treatment inhalation aerosol

The final approval granted by the US Food and Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) of Albuterol sulfate inhalation aerosol

L&T secures contract to construct 7 residential towers in Gurugram

L&T vertical has also bagged many other orders in the domestic market, including for construction of proving ground (testing place) from an international company in Haryana