Company News

TCS will have as many AI agents as human employees: Chandrasekaran

TCS Chairman N Chandrasekaran said the company could have as many AI agents as human employees within three years, driven by rising enterprise AI adoption and technology spending

HC rejects Lilavati Trust's restraint plea against HDFC Bank, imposes costs

A bench of Justice Somasekhar Sundaresan, while dismissing the application, however, noted that the statements were not defamatory and were in fact factually accurate

India's boardrooms in regulators' crosshairs as personal liability rises

From GST and FEMA to insolvency and money-laundering cases, regulators are increasingly targeting executives and directors personally, even as courts insist liability cannot rest on designation alone

L&T betting big on 'digital workers' to overcome manpower challenges: CFO

L&T is accelerating the use of robotics, prefabrication and digital technologies to tackle labour shortages, improve safety and transform construction execution

Paytm planning to hire 4,000 employees in AI pivot with some roles cut

Paytm to continue hiring through March 2027, expanding teams across product, technology and AI, with recruitment also planned for senior leadership roles

NTPC to launch over ₹10,000 crore tender for Rajasthan nuclear plan

The state-run power producer is set to invite bids for the nuclear island package as work gathers pace on its 2.8-GW Mahi Banswara project in Rajasthan

HDFC Bank raises MCLR by up to 10 bps despite RBI holding repo rate steady

The country's largest private-sector lender increased lending benchmarks across tenors, with the sharpest rise in the two-year MCLR despite an unchanged policy rate

BMW bets on localisation, Tier-2 expansion to double MINI sales in India

The luxury carmaker plans to drive growth through local assembly of the MINI Countryman, expansion into 10 new cities and a broader product portfolio

Zepto DRHP reveals ₹577-crore secondary share sale ahead of IPO launch

The IPO filing shows Motilal Oswal acquired shares from existing investors in August 2025, while promoter holdings remain concentrated through family trusts

Vertex Group to invest ₹300 crore in smart co-working centres over 3 years

Group launches full-stack smart co-working platform and plans to add 30-35 centres across 10 cities, targeting 50,000 seats nationwide

JSW Infra wins Kolkata Port project to expand container handling capacity

The company has won a 30-year concession to develop container facilities at Netaji Subhas Dock, taking its planned capacity at the Kolkata Dock System to 1.4 million TEUs

Adani Energy to acquire IntelliSmart for ₹3,050 crore in smart-meter push

The acquisition will take Adani Energy Solutions' smart-meter portfolio to over 4.7 crore units and strengthen its position in power-distribution modernisation

Rajiv Bajaj exits Bajaj Finserv board amid expanding role at Auto biz

Bajaj Auto managing director cites increased responsibilities, including new ventures and KTM acquisition, as reasons for not seeking re-election to the Bajaj Finserv board

JSW Steel posts 15% growth in May crude steel output, produces 2.29 MT

JSW Steel reported a 15 per cent increase in consolidated crude steel production in May, supported by higher output from Indian operations, Dolvi plant operations and JV ramp-up

Canara Bank's ₹509-crore Rajesh Exports exposure: All you need to know

The Rajesh Exports-Sebi case has renewed attention on Canara Bank's ₹509-crore exposure and the trade-finance transactions that linked the company to its Swiss subsidiary

Coromandel, Samunnati partner to improve agri-input access for FPOs

The collaboration will leverage Samunnati's FPO network and Coromandel's agri expertise to improve access to farm inputs, financing and technology adoption

'Sebi misread accounts': Rajesh Exports founder denies irregular fund flows

Sebi has alleged fraud, citing cross-holding structures and disclosure lapses, while also ordering a forensic audit over ₹15.15 trillion in reported subsidiary revenue irregularities

Adani Energy to acquire smart meter player IntelliSmart for ₹3,050 crore

The proposed ₹3,050 crore transaction includes the acquisition of 100% of the equity share capital of IntelliSmart and redemption of the optionally convertible debentures of IntelliSmart held by NIIF

Explained: What happens when IBC-linked stocks face market restrictions

Reliance Infrastructure's plea to review ASM restrictions puts the spotlight on whether insolvency-linked trading curbs protect investors or limit their exit options

FirstCry-promoted Swara Baby to file papers for up to ₹1,000-cr IPO in June

The proposed IPO is expected to comprise a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders