Company News

Purple Style Labs Ltd, the parent company of Pernia's Pop-Up Shop, on Friday raised Rs 306 crore from anchor investors ahead of its Rs 680-crore initial public offering (IPO), which will open for subscription on August 31. The company has allotted 53.22 lakh equity shares to 10 anchor investors at Rs 575 per share, according to a circular uploaded on BSE's website. Some of the investors participating in the anchor book include ICICI Prudential Mutual Fund, Jupiter India Fund, Aditya Birla Sun Life Insurance Company Ltd, ITI Mutual Fund, Singularity Equity Fund I, Integrated Core Strategies (Asia) Pte Ltd, Morgan Stanley Asia (Singapore) Pte and BoFA Securities Europe SA ODI. The IPO will open on August 31 and close on September 2. The IPO comprises a fresh issue of equity shares aggregating up to Rs 680 crore, with no offer-for-sale component. The price band for the issue has been fixed at Rs 546-575 per share. At the upper end of the price band, the issue values Purple Style Lab

Ambuja Neotia Healthcare Venture Ltd (ANHVL) has earmarked an investment of around Rs 2,200 crore to expand its footprint across eastern India over the next four to five years, a top company official said on Friday. It will add close to 1,800 beds to take the total capacity to 2,500 beds, Managing Director Parthiv Neotia said. As part of the expansion, the healthcare arm of the Ambuja Neotia Group announced an investment of around Rs 150 crore to set up a 120-bed woman and child care facility in Howrah under its flagship Neotia Bhagirathi Woman and Child Care Centre network, which is expected to become operational by April 2029. "Our existing four healthcare facilities have 700 beds, and we identified Howrah as a key growth corridor with a growing need for specialised women and child healthcare services," Neotia said. He said the new centre aims to bring advanced clinical expertise and comprehensive maternal, neonatal, and paediatric care closer to local families, reducing the need

TVS Motor has appointed Peyman Kargar as CEO from January 2027, with K N Radhakrishnan continuing until then and subsequently serving as a non-executive director

Dream11 on Thursday said it has moved away from pure-play fantasy sports to building a global sports engagement platform. Dream11 was India's biggest fantasy game company before the government imposed a blanket ban on the category a year ago. "Dream11 today completes its pivot away from pure-play fantasy sports to becoming a global sports engagement platform. It has discontinued all prizes to focus only on sports content, live streaming, stats, scores, commentary, community, experiences, and social contests," the company said in a statement. The statement said Dream11 will be transitioning to an AI-first platform, building a highly personalised experience for users based only on their favourite sports, leagues, teams and players. The platform will also be multi-sport, addressing a global gap and positioning itself as a single destination for sports fans worldwide, the statement said.

Google expects the first phase of its 1 GW Visakhapatnam AI data centre to be operational by late 2028 and aims to complete all phases over the next five years

Authorities are looking into whether Apex - a unit of shipping giant Kuehne+Nagel - may have transported AI systems made by Super Micro Computer Inc. in violation of US export restrictions

Prudential Corporation Holdings Ltd., a subsidiary of the UK-based insurer, will offload 9.9 million shares in ICICI Prudential Asset Management Co. on Aug. 27

The company's board on July 23 approved raising as much as 50 billion rupees through the issuance of equity shares via a qualified institutional placement.

The company said iNDiC was initially shaped around the operational requirements of the Indian Armed Forces but has been designed for a wider international market

Consumer electronics brand boAt on Wednesday reported a 38 per cent growth in its profit after tax at Rs 84.5 crore in the financial year 2025-26. The company, owned by Imagine Marketing Limited, had posted a PAT (profit after tax) of Rs 61.1 crore in the preceding fiscal year. The company's revenue from operations stood at Rs 2,931 crore in FY26, boAT said in a statement. The company's wearables business turned profitable during the year. The segment recorded a profit of about Rs 7 crore in FY26, compared to a loss of Rs 54 crore in FY25. "FY26 was about strengthening the foundations of boAt while navigating a challenging external environment... We closed the year with approximately Rs 397 crore of cash reserves and zero bank debt... improvement is visible across the business...newer categories are beginning to emerge as meaningful growth and profit pools. "Our focus now shifts from turnaround to growth. With a stronger balance sheet, tighter operating discipline and a healthy co

Wipro has added an AI agent to its skilling platform for over 240,000 associates, with personalised course recommendations based on roles, skills and past learning

Unitree shares steadied on Tuesday after three consecutive days of decline that took their losses to 45% since their debut last Wednesday.

Varun Beverages is entering the alcoholic drinks market, setting up a wholly owned subsidiary and appointing former Diageo executive Prathmesh Mishra as its CEO and MD

Institutional investors on Tuesday oversubscribed Hindustan Copper share sale by putting in bids worth over Rs 4,600 crore. As against the 2.61 crore shares reserved for them, institutional investors put in bids for over 8.91 crore shares, oversubscribing the issue 3.41 times. At an indicative price of Rs 520.35 per share, the bids are valued at over Rs 4,600 crore. The government is selling over 5.80 crore shares or up to 6 per cent (including 3 per cent green shoe option) stake in Hindustan Copper through a two-day Offer-for-Sale (OFS) at a floor price of Rs 514 apiece. The OFS willl open for retail buyers on Wednesday. The floor price was set at a 10.38 per cent discount over Monday's closing share price. "The government has decided to exercise the entire green shoe option," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said on X. On Tuesday, Hindustan Copper shares fell 7.04 per cent to Rs 533.20 apiece on BSE. The government currently

The carrier and its budget unit Air India Express posted combined losses of $2.33 billion in the fiscal year ended March, more than double the prior year's losses

The Winergy facility will expand generator manufacturing, deepen localisation and strengthen Flender's supply-chain capabilities for India's growing wind energy market

Airtel Payments Bank on Monday reported an 82 per cent rise in net profit to Rs 19 crore for the first quarter ended in June, driven by good operating performance. The bank had earned a profit of Rs 10.4 crore in the April-June quarter of the previous financial year. The bank's revenue increased to Rs 831 crore from Rs 777 crore in the corresponding quarter last financial year, Airtel Payments Bank said in a statement. During the quarter, Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) rose by 21 per cent to Rs 108 crore from Rs 82 crore in the same period a year ago. At the same time, customer balances grew by 17 per cent to Rs 4,389 crore from Rs 3,743 crore in the first quarter of last fiscal.

The project involves engineering, procurement and construction of gas compression plants, including compression systems and associated utilities

Fino Payments Bank on Monday said its board has approved the extension of tenure of Ketan Merchant as interim CEO for a period of three months effective from August 27, 2026. The decision of Nomination & Remuneration Committee of the board is subject to approval of Reserve Bank of India (RBI), the bank said in a regulatory filing. RBI had last extended tenure of Merchant for a further period of three months with effect from May 27, 2026. Merchant was appointed interim CEO following the arrest of its managing director and CEO Rishi Gupta for violating laws related to the Goods and Services Tax in February. Directorate General of GST Intelligence (DGGI) arrested Gupta for alleged use of shell companies and payment aggregators to funnel illicit funds generated by online money gaming. Prior to appointment as interim CEO, Merchant was serving as Chief Financial Officer of the bank.

Japan's Resona Bank on Monday announced a tie-up with Tata Capital to provide its clients better access to financing solutions and opportunities in India using the non-bank lender's local network. The announcement follows a USD 20 million investment by Resona Bank as a limited partner in Tata Capital Growth Fund III LP, which invests in Tata Capital Growth Fund III, a fund managed by Tata Capital, as per an official statement. However, the Japanese lender did not reveal the timeline of this investment. Under a memorandum of understanding (MoU) announced on Monday, both Tata Capital and Resona Bank will leverage their respective strengths in the Indian market, it said, adding that this is a non-exclusive collaboration under which opportunities will be explored through Tata Capital's network. The Japanese partner will leverage the Indian partner's local presence and expertise in financial services to provide support for its customers evaluating opportunities in India, the statement ..