Company News

Tata Sons continues as upper-layer NBFC, RBI says deregistration pending

The Reserve Bank of India indicates Tata Sons continues to be an upper-layer NBFC under principle-based norms, while its application to surrender its CIC licence remains under consideration.

River Mobility raises $120 million in Series C led by Elev8, Claypond

The Bengaluru-based electric two-wheeler maker will use the fresh capital to expand manufacturing capacity, build a new factory and launch products in the utility lifestyle segment

Visa cuts 500 jobs in India as part of global restructuring programme

About 500 employees at Visa's Bengaluru technology centre have been laid off as the payments company restructures globally and increases investments in artificial intelligence

HDFC Bank has no systemic governance concerns, says Chairman Rajiv Kumar

Chairman Rajiv Kumar says HDFC Bank remains fundamentally strong with robust governance systems, while expressing confidence that CASA and margins will improve over the next two to three years

Reliance Brands to launch Kim Kardashian's SKIMS in India market

Reliance Brands will launch SKIMS in India through an exclusive partnership, opening its first stores in Delhi and Mumbai before expanding to other cities and digital channels

Urban Company revives a key question: Can profit wait for growth?

Urban Company is prioritising market leadership in InstaHelp despite near-term losses, while its established India consumer-services business continues to make money

Ather turns Ebitda positive: Where other electric two-wheeler makers stand

After years of prioritising growth, India's electric two-wheeler makers are focusing on improving unit economics, localisation and manufacturing efficiency

Ola Electric signs MoU for 20 GWh of battery storage deployment by 2032

The Axis Energy MoU marks Ola Electric's first commercial partnership for its upcoming utility-scale battery energy storage systems platform launch on August 15

Vedanta faces fresh scrutiny over 'illegal' groundwater extraction

The Central Ground Water Board has asked Odisha to form a joint panel to investigate allegations that Vedanta's Jharsuguda unit extracted groundwater without statutory approvals

Ardee Industries raises ₹128 cr from anchor investors ahead of IPO

The company allotted 2.41 crore equity shares to anchor investors at Rs 53 apiece, the upper end of the initial public offering (IPO) price band

As Netflix completes 10 years in India, Ted Sarandos meets creative writers

Netflix marks 10 years in India as Ted Sarandos engages with writers, highlighting the platform's focus on local storytelling and creative talent development

LIC's OFS oversubscribed 3.32 times; govt uses 4% greenshoe option

Shares tumbled nearly 9% on Tuesday even as bids worth over Rs 36k cr recd; settle at an over two-month low

Ather Energy to enter ₹1-1.25 lakh e2W space with new EL platform

This price bracket currently accounts for 55-60 per cent share of the overall electric two-wheeler play in India. But Ather had been conspicuous by its absence in this e2W segment

Persistent Systems upbeat on banking, insurance to drive growth: CEO

Strong deal wins across the US and Europe are expected to offset weakness in parts of the healthcare business, while the Nagarro acquisition will strengthen its Europe presence.

HFCL to invest ₹400 cr to expand optical fibre cable manufacturing capacity

Telecom equipment maker HFCL announced that its board has approved a fresh investment of approximately Rs 400 crore to expand its optical fibre and optical fibre cable manufacturing capacities.

Consumption slows, medium- to long-term growth story intact: Nestle India

Company cites food inflation and geopolitical disruptions as near-term headwinds but says rural reach, premiumisation and e-commerce will continue to support long-term growth.

L&T secures 'ultra-mega' order worth over ₹15,000 crore from ADNOC

To execute EPCIC of offshore facilities, besides upgrading the existing ones

PVR INOX charts no-frills expansion into smaller towns with SMART Cinemas

The multiplex chain will use a franchise-owned, company-operated model to enter around 300 smaller towns, offering lower ticket prices and capital-efficient expansion

DLF confident of meeting ₹20K cr FY27 pre-sales target despite weak Q1

Developer says weak first-quarter bookings reflected deferred launches and expects projects in Gurugram, Mumbai and Goa to help achieve its FY27 sales target.

Aditya Birla Health bets on young adults to drive health insurance growth

ABHICL CEO said, "We see a significant opportunity in the 25-35 age segment. While they account for nearly 65% of the country's population, their share in health insurance is less than 15%."