Company News

Govt defends IDBI Bank valuation, says process added ₹3,917 cr to deal value

The Finance Ministry said the Core Group of Secretaries on Disinvestment had the authority to decide the bidding process, which helped increase the IDBI Bank stake sale value by ₹3,917 crore

Sun Pharma's ILUMYA gets USFDA approval for psoriatic arthritis treatment

The US FDA approval expands ILUMYA's use beyond plaque psoriasis, adding a new treatment option for adults with active psoriatic arthritis

Vedanta lines up $25 bn investment over next three years for organic growth

Vedanta founder and chairman Anil Agarwal said the conglomerate would focus on its existing assets for growth, while remaining open to acquiring public sector assets if opportunities arise

AI firm AM Intelligence seeks $3 billion financing for Nvidia chips order

The funding package for the company, established by the founders of renewable energy producer Greenko Group Plc, could comprise of bonds and bank loans

IHCL, Adani Airports announce agreement for eight hotels with over 2K rooms

The properties will operate under the Taj, Vivanta, Gateway and Ginger brands across Mumbai, Ahmedabad, Lucknow and Guwahati, with most expected to open in three to four years

Hero MotoCorp expects Q3 margin to stay stable despite commodity inflation

The two-wheeler maker plans to offset input-cost pressure through cost savings, improved VIDA economics and selective price increases, while exports are expected to recover

Noel Tata to retire as Trent chairman on Nov 11; Bahram Vakil to take over

Noel Tata will become chairman emeritus from November 12 after nearly three decades with Trent, while the retailer reports a 23.1 per cent rise in Q2FY27 net profit.

Govt, Volkswagen clash in court over record $1.2 billion tax dispute

Volkswagen tax dispute: India defends $1.2 billion import duty demand

PNB settles ₹43 lakh in claims amid Greater Noida branch fraud allegations

PNB settles three claims worth ₹43 lakh, assures customers that all genuine claims linked to alleged Greater Noida branch irregularities will be honoured

Alphabet loses over $500 billion in market value as AI hits Google search

Alphabet lost over $500 billion in market value as weaker-than-expected search and advertising sales raised concerns over AI's impact on Google's core business and soaring infrastructure costs.

Cognizant trims 2026 revenue growth guidance again amid macro uncertainty

Cognizant cuts its 2026 constant-currency growth forecast to 4-4.4 per cent amid weak discretionary spending, even as Q3 revenue rises 4.6 per cent and net profit reaches $627 million.

Microsoft eyes to raise at least $25 billion in first US bond since 2017

Microsoft is seeking to raise at least $25 billion through its first US bond sale since 2017, testing investor appetite for AI-linked debt amid rising borrowing costs and spending concerns.

Reliance Industries seeks voluntary strike-off of UK Hamleys subsidiary

UK authorities have issued a notice for the proposed dissolution of Hamleys (Franchising) Ltd, which recorded ₹56.08 crore in turnover in 2025 and had nil net worth at year-end.

Titan's ZOYA eyes ₹500 crore revenue in FY27, plans to open three stores

Titan's luxury jewellery brand ZOYA aims to grow revenue from ₹400 crore to ₹500 crore in FY27 and expand its store network from 14 to 17, backed by strong demand for luxury jewellery

M3M India targets 10 mn sq ft branded residences portfolio by end of 2026

M3M India plans to expand its branded residences portfolio from 6.9 million to 10 million sq ft by the end of 2026 and has launched an exclusive homeowners' club in Paris

Scapia adds over 200,000 villas, homes and homestays to booking platform

Travel fintech firm Scapia has added over 200,000 villas, homes and homestays to its app across domestic and international destinations amid rising demand for alternative accommodation

Eleven Power to pursue legal remedies after HERC halts licence process

Haryana's electricity regulator has stopped further proceedings on the company's 25-year parallel distribution licence for Gurugram and Nuh following a state government directive

Trent Q2 net profit rises 25% to ₹468 crore on strong apparel sales

Trent's Q2 net profit rose 25% to ₹468 crore as revenue grew 22% to ₹5,873 crore, driven by strong consumer demand, improved operating margins and expansion of its Zudio and Westside stores.

Hallmarked but not pure? What gold buyers must check this Dhanteras

From checking the HUID on the BIS Care app to verifying gold weight, testing purity and seeking compensation for shortfalls, here's what buyers should know before buying gold this Dhanteras

Uber expands driver earning options, strengthens safety features in India

New features include flexible subscription passes, WhatsApp onboarding, ambulance assistance and encrypted in-app video recordings, alongside additional earning opportunities.