Company News

Bank of Baroda raises $500 million through five-year syndicated loan

State-run lender raises $500 million through a five-year syndicated loan via its GIFT City IFSC unit, attracting investors across Asia and aiming to diversify funding sources

West Asia crisis threatens 2 mbpd of Gulf refining capacity: Rystad Energy

Up to 2 million barrels per day of Gulf refining capacity faces disruption as the Strait of Hormuz remains closed amid US-Iran tensions, threatening global oil supply, says Rystad Energy

CARS24 acquires Vehicle Info to build full-stack vehicle ownership platform

Acquisition of automotive utility app Vehicle Info will help CARS24 expand beyond buying and selling vehicles to build a platform offering services across the entire ownership lifecycle

TVS Motor unveils electric scooter Orbiter V1; expands EV portfolio

This BaaS model separates the vehicle price from the battery cost, helping customers better understand both the upfront purchase and the ongoing running cost of an electric vehicle

DHL Express Europe presses ahead with West Asia investments despite war

The Deutsche Post DHL group has announced more than 500 million euros ($577 million) in investment in the Middle East through 2030, especially in Saudi Arabia and the UAE

Aster DM Healthcare earmarks ₹4,000 cr to add 4,080 beds in next few yrs

The company, which received the final approval from shareholders for merger with Quality Care India Ltd (QCIL), expects the process to be completed in the next quarter

Infosys to expand Mohali centre, new campus to seat 3,000 employees

The new Software Development Block, part of the expansion, is designed to enhance Infosys' ability to deliver AI-led solutions, cloud services, and digital transformation for global clients

Akzo Nobel India gets regulatory approval to change name to JSW Dulux

The ministry has approved the name change and granted a fresh Certificate of Incorporation with new name JSW Dulux, according to a regulatory filing from the company

RIL to invest in US' first major refinery in 50 years, says Trump

US President Donald Trump announces a Reliance-backed refinery project in Texas under a $300 billion deal, months after India and the US signed a major bilateral trade pact

Rasna eyes up to 20% growth as early summer boosts beverage demand

Rasna expects 15-20 per cent revenue growth this year as early summer boosts demand, with new launches and digital-first marketing aiding sales momentum

LPG shortage forces Infosys to limit catering services on campuses

Food courts at Infosys campuses in Pune, Bengaluru and Chennai will operate with limited menus as LPG supply curbs linked to the West Asia crisis disrupt catering operations

Ashok Leyland breaks ground for EV battery pack facility in Tamil Nadu

Ashok Leyland breaks ground for a battery pack manufacturing facility near Chennai with an investment of Rs 400-500 crore to support localisation and strengthen India's EV ecosystem

Telangana High Court reserves order on Fino Bank MD arrest in GST case

Telangana High Court reserves verdict on plea by Fino Payments Bank MD Rishi Gupta challenging his arrest in an alleged ₹10,000 crore GST evasion case linked to merchant transactions

Cred gets final license from RBI to operate as payment aggregator

Fintech firm Cred receives RBI's final licence to operate as a payment aggregator, allowing it to onboard merchants and process payments across instruments

HDFC ERGO General Insurance appoints Parthanil Ghosh as MD & CEO

HDFC ERGO General Insurance appoints Parthanil Ghosh as managing director and chief executive officer from April 16, subject to regulatory approvals

SBI, MUFG sign pact to collaborate on M&A, aviation, real estate financing

State Bank of India and MUFG Bank sign a strategic partnership to collaborate on M&A, aviation and real estate financing, supporting cross-border transactions

Embassy Developments clocks ₹495 crore sales in 4 days in Bengaluru

Embassy Developments sells over 500 homes worth about Rs 495 crore within four days of launching Embassy Verde Phase II at Embassy Springs in North Bengaluru

Drone-based logistics firm Skye Air raises $9 million in Series B round

Hyperlocal drone delivery platform Skye Air closes Series B funding, plans expansion into Bengaluru, Mumbai, Pune, Hyderabad, and Kolkata while enhancing its autonomous logistics technology

CreditAccess Grameen to scale overseas borrowings to $400 mn a year

Microfinance lender CreditAccess Grameen plans to increase overseas borrowings to $400 million annually over the next two to three years to diversify funding and support asset growth

Isuzu Motors India appoints Takeshi Hirano as Deputy Managing Director

The company, a subsidiary of Isuzu Motors Ltd, Japan, said Hirano succeeds Toru Kishimoto who will assume a new assignment at the parent company