Company News

Meta's $900 mn Cred bet fuels hopes of turning WhatsApp into a super-app

The global tech firm announced this week that it will own 20% of Bengaluru-based Cred, which rewards people who pay their credit-card bills on time

Bajaj Auto hit by ransomware attack, precautionary measures taken

The company said it initiated necessary precautionary actions ​and protocols to mitigate the ‌impact ​of the ‌incident

Flipkart Minutes hits 1K micro-fulfilment centres as qcom race heats up

Walmart-backed Flipkart expands its quick-commerce footprint across 130 cities and 8,000 pincodes, with plans to scale up to 1,500 fulfilment centres

Interio by Godrej's revenue grew 12% to ₹4,000 crore in FY26

Furniture brand plans to grow revenue by 25 per cent in FY27 through retail expansion, deeper market penetration, online sales growth and new product categories

Tata Motors CV biz switches gear from trucks to wider mobility highway

Digital platforms, international operations and mobility services are emerging as key growth drivers as Tata Motors Commercial Vehicles seeks to reduce cyclicality

ED searches Rajesh Exports amid Sebi probe into alleged irregularities

The action is understood to have been taken under the Foreign Exchange Management Act (FEMA) at the Bengaluru-headquartered company

IHG Hotels & Resorts open to ownership, franchise models in India

IHG Hotels aims to double its India footprint to 400 hotels by 2030 and is open to acquiring assets as demand and branded hospitality growth accelerates

Alpha Wave Global gets CCI nod to acquire stake in Bharti Airtel's Nxtra

CCI clears Alpha Wave Global's stake purchase in Nxtra Data as the Airtel unit gears up for AI-driven data centre expansion

Akasa Air retains 30-40% growth target despite headwinds: CFO Ankur Goel

The airline also aims to expand its passenger-handling capacity by more than 30 per cent year-on-year (Y-o-Y) in financial year 2027 (FY27)

Square Yards raises $95 million, plans $50 million more before IPO

Proptech firm secures $95 million through debt and equity and is targeting another $50-60 million as it strengthens its balance sheet ahead of a public listing

NOVA to invest ₹100 crore in railway safety R&D, cybersecurity solutions

e2E Rail subsidiary plans to strengthen indigenous capabilities in railway signalling, train protection and OT cybersecurity as rail networks become more digital

Bajaj Auto says ransomware attack impacts company and unit systems

The automaker said it initiated precautionary measures and response protocols after a ransomware attack affected its systems and those of subsidiary Bajaj Auto Technology

Accenture leases 1 mn sq ft office space in Hyderabad for over ₹1,000 crore

The company has also deposited Rs 29.5 crore as security, with the lease including a 4.25 per cent rent escalation every year

Infosys eyes $300-400 bn AI-first services opportunity by 2030: Nilekani

Nilekani said Infosys is more relevant than ever before and is well-positioned for the decade ahead as artificial intelligence reshapes industries and businesses

Tata Motors PV targets near doubling of revenue, sales volumes by 2031

The automaker said a "significant" share of its over 600,000 ‌incremental volumes by FY31 will be driven by electric and CNG vehicles

Real estate platform Square Yards raises ₹900 crore, becomes unicorn

The funding round was anchored by EAAA Alternatives and saw participation from global corporate credit manager Muzinich & Co

Kaleidofin Capital secures $5 million debt facility from WLB Asset VIIB

NBFC plans to deploy the funds across clean energy and financial inclusion sectors, with the transaction carrying Orange Certification for gender-positive impact

Why Tata Electronics' cyber breach could be a concern for Apple and Tesla

A ransomware group claims to have leaked over 200,000 Tata Electronics files, including documents linked to Apple and Tesla, raising fresh supply-chain security concerns

Bharti Airtel raises stake in Airtel Africa to 79% in ₹28,000-cr deal

The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment Limited, a promoter group entity, on a preferential basis, in exchange for its 16.31% stake in Airtel Africa

Corporate order flows sharply down amid West Asia conflict: CMIE

Corporate order inflows hit a 13-month low in May as weak demand, geopolitical tensions and cautious private investment weigh on project awards