Company News

Vishal Mega Mart promoter entity sells 14% stake for ₹7,635 crore

Samayat Services LLP is a special-purpose vehicle owned by private equity firm Kedaara Capital and Switzerland-based Partners Group

NTPC pays power ministry ₹2,666.58 crore as second dividend for FY26

A ceremonial cheque was handed over to Minister of Power Manohar Lal by company officials on February 27, NTPC said in a statement

Proterial to set up metglas plant in Andhra Pradesh under PLI scheme

The facility, to be located in Sri City and scheduled to begin operations in October 2026, will be India's first domestic production site for Metglas

Greaves Cotton expects EU FTA to boost exports to 20% of revenue: CEO

Greaves Cotton MD Parag Satpute says policy predictability and removal of non-tariff barriers under India-EU FTA will deepen overseas business over next 4-5 years

Nicobar Designs to sharpen focus on gifting and women's evening wear

Marking a decade since launch, Nicobar Designs plans to grow through gifting-focused stores, expanded women's evening wear, new collaborations and deeper retail penetration across Indian cities

Nexa Studios may contribute 30% to Nexa sales by FY31: Maruti Suzuki

Nexa Studios, now 200 of over 740 Nexa outlets, are expected to contribute 25-30% of Nexa sales by FY31 as Maruti Suzuki expands the compact format and manages strong early demand

Stride Ventures partners Saudi sovereign fund to scale global pvt credit

Stride Ventures partners with Saudi Arabia's PIF to deploy over $1 bn worldwide across venture and private credit, including $200 mn aimed at Saudi Arabia's entrepreneurial and innovation ecosystem

Norway's sovereign wealth fund drops Adani Green Energy from its portfolio

When Norges Bank first bought AGEL shares in July 2020, the share price was ₹341. Today it is ₹944

Novo Nordisk, Abbott tie up to launch second Ozempic brand in India

Abbott will commercialise Extensior, a second semaglutide brand of Ozempic in India, as part of Novo Nordisk's strategy to expand access amid rising demand and looming patent expiry

OpenAI raises $110 billion with investments from Amazon, Nvidia, SoftBank

Amazon will start with an initial $15 billion investment, followed by another $35 billion in the coming months when certain conditions are met

NBCC inks MoUs with DDA for ₹775 crore redevelopment of staff colonies

NBCC has signed two MoUs with DDA for redeveloping staff colonies at Old Rajinder Nagar and Safdarjung Development Area, securing Rs 775 crore in projects under a self-sustainable model

SBI leases 134,000 sq ft of office space in Navi Mumbai for its GCC

Last month, SBI set up a GCC in Bengaluru marking a first-of-its-kind initiative by an Indian bank

Maruti Suzuki commissions 7 automated driving test tracks in Tamil Nadu

The initiative is part of the MoU signed between Maruti Suzuki and the Transport Department, Government of Tamil Nadu, to automate a total of ten driving test tracks across the state

Glenmark to launch generic sodium phosphates injection in US in April 2026

According to IQVIA, sales data for the 12-month period ending December 2025, the Sodium Phosphates Injection USP single-dose vials saw annual sales of around $66.8 million

Bank of Baroda to raise up to ₹10,000 cr via green infra bonds on March 4

The base issue size is ₹5,000 crore, with a green shoe option to retain oversubscription of up to ₹5,000 crore, taking the total issue size to ₹10,000 crore

NTT DATA, Ericsson join hands to scale pvt 5G, AI adoption for enterprises

Under this NTT DATA will act as Ericsson's global system integration and managed services provider, delivering private 5G as fully managed service with consistent architecture, operations and security

Hyatt expects to five-fold its India footprint over next five years: CEO

Global hotel chains are racing to expand in India, riding a post-pandemic rebound in leisure travel among wealthier consumers

Leela Palaces pins FY27 growth on luxury room shortage, affluent demand

For the nine months ended December 31, Leela reported a 19 per cent rise in revenue from operations to ₹1,043 crore ($114.7 million), while core earnings increased 24 per cent to ₹540 crore

Bombardier has long-term chance to boost business jet sales in India: CEO

Carney has pledged to diversify trade away from the United States, even as the country ​seeks to negotiate the tariff-free movement of goods with US President Trump's ‌administration

Apple likely to produce 30% of iPhones in India in a few years

Government expects Apple to shift 30% of global iPhone production to India, unfazed by US Supreme Court ruling that removes China's tariff disadvantage