Company News

Vodafone Idea close to securing loan from SBI, but on a condition

Disbursement subject to telco raising funds from private banks

Greaves Electric bets big on exports, eyes double-digit e2W market share

Greaves Electric Mobility aims to raise its electric two-wheeler market share above 10% as it expands products, distribution, exports and battery capabilities

India becomes Sophos' top growth market after 60% jump in FY26 business

India is now the largest contributor to the company's Asia-Pacific and Japan (APJ) operations and is currently the number one growth region for Sophos globally

Swiggy gears up for inventory-led qcom model after shareholder nod

Shareholder approval clears a regulatory hurdle as Swiggy prepares an inventory-led qcom model that could boost reported revenue, margins and operational control

Grasim eyes ₹2 trn revenue in FY27 as growth platforms scale up: KM Birla

Now, the company stands at an "important inflection point" stronger in scale, broader in ambition, and even more deeply aligned with India's growth journey, he added

SBI's total business may double to ₹200 trillion by 2030: Chairman

SBI came into existence on July 1, 1955 through an Act of Parliament, which, among other things, provided for the transfer of the undertaking of the Imperial Bank of India

Mahindra & Mahindra to intensify exports with new pickup 'Lifestyler'

The company, which has witnessed a multi-fold increase in its electric passenger vehicles sales last fiscal, is also confident of maintaining the growth trajectory with new products hitting the market

Starbucks India to accelerate store expansion after business recalibration

According to Tata Consumer Products MD and CEO Sunil D'Souza, things have 'started to fall into place' as Tata Starbucks has now reported four successive quarters of same-store sales growth

Indian Oil to supply entire petroleum imports requirement of Mauritius

Indian Oil will supply Mauritius' entire import requirement of petrol, diesel and aviation turbine fuel under a long-term agreement with the State Trading Corporation

Fujifilm expands key chip material output to capture AI demand

The Tokyo-based company spent ¥7 billion ($44 million) on the expansion project after forecasting the market will grow rapidly going forward.

Sri Lanka's Dilmah plans India foray with luxury hospitality tieups

Sri Lankan tea company plans Urban Estate lounges in India and revival of its Coimbatore plant as it targets rising demand for non-alcoholic beverages among Gen Z

Three new business dailies set to launch in South India in next four months

The New Indian Express group is planning a national financial daily from Kochi, while Kumudam is preparing a bilingual Tamil-English business newspaper from Chennai

Symbiotec Pharmalab raises ₹526 cr from anchor investors; IPO opens Aug 24

Pharma and biotech company Symbiotec Pharmalab Ltd on Friday raised Rs 526 crore from anchor investors days before the opening of its initial public offering (IPO).

Online Instruments India gets Sebi approval to float IPO worth ₹750 cr

Online Instruments has secured Sebi's approval to raise funds through an initial public offering, an update with the market regulator showed on Friday.

CBI files supplementary chargesheet in RCom ₹1,200 crore loan case

The CBI has filed a supplementary chargesheet in the Reliance Communications Ltd (RCom) case in connection with an alleged Rs 1,200-crore loan fraud, officials said on Friday.

Accel, two others sell nearly 5% stake in Amagi Media Labs for ₹587 crore

Three entities, including global venture capital firm Accel, on Friday divested nearly a 5 per cent stake in SaaS company Amagi Media Labs for Rs 587 crore through open market transactions.

Walmart eyes 100-bps+ hit in Q3 sales from Flipkart shifting of BBD sales

Walmart said it expects a headwind of more than 100 basis points to third-quarter sales growth due to the shift in timing of Flipkart's Big Billion Days event between the third and fourth quarters.

LG Electronics sees India emerging as key manufacturing and export hub

LG Electronics India already exports Made-in-India products to over 50 countries and has invested Rs 5,000 crore in its Sri City factory, which will also serve as an export hub

Flipkart sees senior-level churn as uncertainty over IPO timing persists

Senior executives across Flipkart group are exiting or exploring opportunities elsewhere as uncertainty over the timing of its public listing weighs on employees

SBI acquires Pune property for ₹414 crore for Maharashtra Circle office

The acquisition at Kharadi Knowledge Park includes leasehold rights to an 8,581-square-metre land parcel, ownership of a 15-storey building and 200 parking spaces