Company News

Rajesh Exports failed to produce foreign transaction records: ED

ED flags alleged irregularities at Rajesh Exports, citing missing foreign transaction records, stock discrepancies and suspected offshore fund diversion

Panasonic's battery manufacturing unit fears shutdown over waste rules

The company says compliance costs under the Battery Waste Management Rules could exceed profits, threatening the viability of its dry-cell battery manufacturing business in India

Adani Power to invest over ₹2 trn in five years, target 45 GW capacity

Gautam Adani says the group is expanding across power, nuclear energy, transmission, ports, data centres and cement, backed by large-scale infrastructure investments

Sunil Agrawal steps down as LIC chief financial officer effective July 14

Agrawal, who joined LIC in 2022 after stints at Reliance Nippon Life and ICICI Prudential Life, will step down effective July 14

EXLService Holdings to acquire AI training firm iMerit for $310 million

The acquisition will strengthen EXL's AI capabilities, expand its presence in high-growth sectors and deepen partnerships with foundation model developers

EMA Partners India acquires RPO firm Taggd in ₹113 crore all-cash deal

The acquisition brings together executive search and recruitment process outsourcing capabilities, creating an integrated talent recruitment platform with global reach

Yotta to deploy $7 bn in capex this year, eyes global AI cloud market

The data centre and AI cloud firm expects most of its revenue to come from overseas customers as it scales GPU cloud capacity and AI infrastructure services

Amazon CEO Andy Jassy visits India as quick-commerce battle heats up

The company plans to expand Amazon Now to more than 300 cities as rivals Blinkit, Zepto, Instamart and Flipkart race to build larger fulfilment networks

CoinDCX user base rises 16% in H1CY26 as trading value declines 37%

The crypto exchange added 3 million registered users in the first half of CY26, while trading value declined amid evolving market dynamics and growing institutional participation

BSE seeks clarification from Rajesh Exports on ED searches

BSE has sought clarification from Rajesh Exports after ED searches under FEMA added to the company's mounting regulatory challenges

Manglam Group ties up with Marriott for ₹350 crore Sheraton hotel in Jaipur

The 220-key luxury hotel on the Jaipur-Ajmer Highway is part of Manglam Group's broader Rs 1,000 crore hospitality investment plan over five years

From Innovist to Minimalist: Why India's beauty brands are hot targets

Global beauty majors are increasingly turning to acquisitions as ingredient-led Indian brands reshape how products are developed, marketed, and scaled

Bandhan Bank raises FD rates by up to 20 bps on select deposit tenors

The lender has increased rates on fixed deposits in the two- to five-year buckets as banks intensify efforts to mobilise deposits amid widening credit-deposit gaps

Noel Tata to step down as Trent chairman after nearly three decades

The development would mark the end of a tenure that oversaw the transformation of the company from a single-store operation into one of India's largest retail networks

Amazon turns water positive in India, meeting its 2027 goal ahead of time

Projects expected to replenish over 4 billion litres annually helped Amazon return 120 per cent of the water used across its Indian operations in 2025

US firm Tryfacta secures two major Nasa tech contracts ahead of IPO

The company, which recently filed draft papers for a proposed $100-150 million IPO at GIFT City, Gujarat, said it won contracts under Category B

Tata Sons steps up Air India oversight amid losses, leadership transition

Air India posted a $2.96 billion loss in FY26, its biggest since Tata regained control in 2022, raising fresh questions over the pace and cost of its turnaround

Adani Group unveils plan for 10 GW nuclear energy capacity by 2035

India, which is keen to expand its use of clean energy, last year opened its nuclear generation sector to domestic and foreign firms in the private sector

Axis Bank raises $800 million through dual-tranche dollar bond sale

India's third-largest private-sector lender raised $500 million through perpetual AT1 notes and $300 million through five-year senior unsecured notes under its GMTN programme

Adani Group AGM: Gautam Adani shares three-pronged plan; focus on workforce

Adani said the group will simplify management structures, strengthen contractor partnerships and improve welfare standards for its nearly 400,000-strong workforce