Company News

NCLAT revives Chintamani Jewellery Arcade insolvency on Axis plea

NCLAT has revived insolvency proceedings against Chintamani's Jewellery Arcade after finding the company materially breached its settlement agreement with Axis Bank

Adani Enterprises, Abu Dhabi's IRH to invest $11.5 billion in Odisha

Integrated project, billed as India's largest FDI proposal in mining and metallurgy, will create over 53,500 jobs and strengthen the state's aluminium value chain

Bank of Baroda to pay $600 million to settle NMC Health litigation

Amount is equivalent to bank's net profit in Q4FY26

A first in India: StanC processes remittance under new Swift scheme

Bank completes cross-border payment from Australia in 37 seconds under Swift's new retail payments scheme, enabling near real-time credit to beneficiary bank

Tata Steel expects €500 million in Dutch operations Ebitda for FY27

Chairman Natarajan Chandrasekaran says Dutch operations remain self-funded, while the company targets 800 million-1 billion euros in EBITDA over the longer term

Amazon India legal chief steps up fight against fakes and AI-enabled scams

As Amazon commits $48 billion to India through 2030, legal chief Rakesh Mohan Bakshi says combating counterfeiting and AI-enabled fraud has become central to the company's strategy

MEIL passenger car foray enters final lap, EV joint venture soon

Hyderabad-based Megha Engineering & Infrastructures is expected to announce an electric vehicle joint venture in the coming months as it prepares to enter the passenger car segment

Flipkart hires former Tata Digital CTO Vaidya to lead supply-chain tech

Appointment bolsters the Walmart-owned e-commerce company's technology leadership as it expands AI and logistics capabilities

GovTech company CSM Technologies debuts on BSE and NSE main boards

Bhubaneswar-headquartered GovTech company lists after a successful IPO, with proceeds earmarked for working capital, debt repayment and strategic expansion

$11.5 billion Odisha project rollout in 5 years: APSEZ MD Karan Adani

Construction is expected to begin 12-18 months after land acquisition and statutory approvals, with the first phase of the integrated aluminium project due in about five years

Avenue Supermarts Q1 revenue up 15.1%; board to consider debt fundraising

DMart operator's standalone revenue rose to Rs 18,343.49 crore in the June quarter; board to consider raising funds through debt securities on July 11

Bajaj Finance Q1 AUM rises 24% to ₹5.46 trillion; loan bookings up 20%

Customer franchise crossed 124 million in the June quarter, while deposits stood at about Rs 68,500 crore, according to the company's provisional business update

Air India cuts fuel surcharges for North America, Europe flights

Air India has reduced fuel surcharges on flights to North America, Europe, the UK and Australia from July 1 after easing oil and jet fuel prices

Adani Group seeks Kerala govt approval for Vizhinjam port stake sale

Adani Group has approached the Kerala government for approval of its proposed $1.4 billion stake sale in Vizhinjam Port after the transaction triggered political objections

Marico expects to post double-digit consolidated revenue growth in Q1

Marico expects revenue growth in the early twenties for Q1FY27, driven by strong domestic demand, Parachute Coconut Oil and international business

Suzuki Motor Corp to double Kharkhoda plant capacity to 1 million units

Suzuki Motor Corporation will expand the capacity of its newly inaugurated Kharkhoda manufacturing facility in phases, reinforcing its long-term commitment to India

PC Jeweller posts 21% growth in Q1 revenue; to be debt free in Sep quarter

PC Jeweller reported 21% revenue growth in Q1FY27 and said it expects to become debt-free in the July-September quarter after cutting over 90% of its debt

BPCL buys Videocon's Brazil oil and gas stake, takes full ownership of JV

BPCL has acquired Videocon's remaining stake in IBV Brasil Petroleo, taking full ownership of the Brazilian venture as it looks to expand overseas energy assets

OIL targets early 2027 for commissioning of Numaligarh refinery expansion

State-owned Oil India expects its Rs 28,000 crore Numaligarh refinery expansion project to be operational by early 2027, tripling refining capacity to 9 million tonnes

Maruti's ₹35K cr Kharkhoda plant inaugurated, capacity to reach 1 mn units

Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi inaugurated Maruti Suzuki's Kharkhoda plant, which is set to scale up to 1 million units annually