Company News

TVS Motor Company moves to unbundle mobility, consumer finance business

TVS Motor's board has approved the demerger of its consumer finance business into Harita ARC and the merger of TVS Motor Services with the parent company to unlock shareholder value

Ola Electric's ₹1,000 cr rights issue fully subscribed as shares rally 23%

The electric scooter maker's rights issue drew bids for 37.14 crore shares against 37.03 crore on offer, with founder Bhavish Aggarwal participating fully in the offering

Jio IPO windfall brings mega party, early salaries, and bonus bonanza

The accelerated bonus payment brought forward a substantial portion of employees' annual performance-linked rewards

PhysicsWallah, Startup India tie up to support 25,000 early-stage startups

The two-year partnership will support grassroots entrepreneurs through structured training, mentorship, incubation, investor access and seed funding, with a focus on smaller cities and rural areas

DPR for proposed Tuticorin Shipyard in six months: Sarbananda Sonowal

The proposed shipyard, backed by a nearly $4 billion investment from South Korea's HD Hyundai, is expected to become India's largest commercial shipyard once operational

Sarvam dominates Indic AI funding in 2026 with 87% share: Tracxn report

Sarvam accounted for $346 million of the $399 million raised by Indic AI startups in 2026, as investors concentrated funding on a few firms amid growing concerns over AI sovereignty

Anant Raj gets RERA nod for Gurugram project, eyes 357 MW data centres

Anant Raj has secured Haryana RERA certification for its luxury residential project in Gurugram and plans to expand data centre capacity to 357 MW by FY32 as Q2 net profit rises 13.25 per cent

PhonePe rebrands Indus Appstore, expands into digital goods and webstore

The app marketplace, now present on more than 200 million devices through OEM partnerships, is adding gift cards, top-ups and a webstore as it seeks to broaden its reach among consumers and developers

Info Edge CEO Hitesh Oberoi to step down, Sanjeev Bikhchandani to take over

Hitesh Oberoi will step down as Info Edge's MD and CEO on December 2 after nearly 27 years with the company, while founder Sanjeev Bikhchandani will take charge from December 3

Value investing still works, but stock selection is key: Fund managers

Business Standard BFSI Summit: Mutual fund leaders say investors must look beyond market narratives and assess businesses on their fundamentals and valuations

Tata Projects secures order from GSFC for acid complex in Gujarat

The proposed complex will comprise a 600 metric tonnes per day (MTPD) phosphoric acid plant and a 1,800 metric tonnes per day (MTPD) sulphuric acid plant

Morgan Stanley turns bullish on Paytm, ups target by 35% on earnings upside

The revised target implies an upside of about 22 per cent from Paytm's closing price of ₹1,601.60 on October 27

Jio listing a new beginning, next decade to focus on AI: Akash Ambani

The message came on the day Jio Platforms Limited (JPL) made its debut on the Indian stock exchanges

Gail to invest $63 million in heating unit at Ratnagiri LNG terminal

The facility, due to be completed by June 2027, will enable the company to run the LNG terminal at its full capacity ‌of 5 million tons per annum

Jio's next decade is about AI, cloud and space tech: Akash Ambani

Jio Platforms made a strong market debut as Akash Ambani outlined plans to expand into AI, cloud computing and space-based connectivity over the next decade

India among Oracle NetSuite's highest-priority markets: Asia head Suxena

Suxena termed tier-2 cities the company's biggest growth opportunity in India but also pointed out that cost concerns hold back small traders and entrepreneurs there

Carlsberg India files updated IPO prospectus for 86.42 million shares

This is the first public IPO ‌prospectus from Carlsberg India, which had confidentially filed papers for the planned offering in July

Infosys draws four downgrades in a day on weaker annual sales outlook

Brokerages turn cautious as Infosys' reduced FY27 sales guidance raises concerns over demand recovery and AI-led disruption

Best Western Hotels & Resorts brings 4,000-plus hotels under WorldHotels

The hospitality group plans to consolidate 18 brands across 100 countries under WorldHotels, while retaining individual hotel identities and expanding its presence in India

Wabtec developing India as a global centre of excellence for export

Wabtec secures a $94 million Vande Bharat Sleeper deal with Indian Railways and plans to develop India as a global manufacturing and engineering hub for exports