Company News

Fujifilm expands key chip material output to capture AI demand

The Tokyo-based company spent ¥7 billion ($44 million) on the expansion project after forecasting the market will grow rapidly going forward.

Sri Lanka's Dilmah plans India foray with luxury hospitality tieups

Sri Lankan tea company plans Urban Estate lounges in India and revival of its Coimbatore plant as it targets rising demand for non-alcoholic beverages among Gen Z

Three new business dailies set to launch in South India in next four months

The New Indian Express group is planning a national financial daily from Kochi, while Kumudam is preparing a bilingual Tamil-English business newspaper from Chennai

Symbiotec Pharmalab raises ₹526 cr from anchor investors; IPO opens Aug 24

Pharma and biotech company Symbiotec Pharmalab Ltd on Friday raised Rs 526 crore from anchor investors days before the opening of its initial public offering (IPO).

Online Instruments India gets Sebi approval to float IPO worth ₹750 cr

Online Instruments has secured Sebi's approval to raise funds through an initial public offering, an update with the market regulator showed on Friday.

CBI files supplementary chargesheet in RCom ₹1,200 crore loan case

The CBI has filed a supplementary chargesheet in the Reliance Communications Ltd (RCom) case in connection with an alleged Rs 1,200-crore loan fraud, officials said on Friday.

Accel, two others sell nearly 5% stake in Amagi Media Labs for ₹587 crore

Three entities, including global venture capital firm Accel, on Friday divested nearly a 5 per cent stake in SaaS company Amagi Media Labs for Rs 587 crore through open market transactions.

Walmart eyes 100-bps+ hit in Q3 sales from Flipkart shifting of BBD sales

Walmart said it expects a headwind of more than 100 basis points to third-quarter sales growth due to the shift in timing of Flipkart's Big Billion Days event between the third and fourth quarters.

LG Electronics sees India emerging as key manufacturing and export hub

LG Electronics India already exports Made-in-India products to over 50 countries and has invested Rs 5,000 crore in its Sri City factory, which will also serve as an export hub

Flipkart sees senior-level churn as uncertainty over IPO timing persists

Senior executives across Flipkart group are exiting or exploring opportunities elsewhere as uncertainty over the timing of its public listing weighs on employees

SBI acquires Pune property for ₹414 crore for Maharashtra Circle office

The acquisition at Kharadi Knowledge Park includes leasehold rights to an 8,581-square-metre land parcel, ownership of a 15-storey building and 200 parking spaces

Godrej Industries to enter pvt credit space, aims to raise ₹2,000 cr in AIF

Godrej Industries Group (GIG) on Tuesday announced an entry into the private credit space, targeting to raise up to Rs 2,000 crore in maiden alternate investment fund (AIF).

Canada's Fairfax may get 2 years to consolidate holdings for IDBI Bank deal

A long-delayed sale of a majority stake in IDBI Bank, held by the federal government and ‌state insurer Life Insurance Corp of India, is in its final stages

Tata Motors to raise car, SUV prices by up to ₹25,000 from September 1

Third price increase this year comes amid rising input costs and sustained inflationary pressure

Welspun Corp bags record $1.8 billion pipe supply order for US facility

The order highlights strong demand for pipes used in energy and infrastructure projects, while geopolitical tensions have spurred investment in new pipeline networks

Glenmark expands US injectables portfolio with Calcium Gluconate launch

The product has been launched in 1,000 mg/10 mL and 5,000 mg/50 mL single-dose vials, along with a 10,000 mg/100 mL pharmacy bulk package

Tata Motors to raise car, SUV prices by up to ₹25,000 from September 1

Tata Motors Passenger Vehicles will raise prices across its ICE and electric vehicle portfolio from September 1, citing rising input costs and inflationary pressures

Tata Motors to raise car, SUV prices by up to ₹25,000 from September

The Nexon EV maker said the price increase aimed to partially offset rising input costs and persistent commodity inflation amid continued geopolitical uncertainty

Sabyasachi set to expand Delhi footprint with new Mehrauli flagship store

Sabyasachi will open a 26,000-sq-ft Mehrauli flagship on August 25, doubling its Delhi footprint as the capital contributes about 30% of global revenue

87% small & medium biz say AI tools improve advertising: Amazon report

Amazon Ads report says AI is lowering barriers of cost and complexity for SMBs, with 75 per cent saying AI-enabled advertising has supported their business growth