Company News

HDFC Bank 'a strong institution with strong fundamentals': FinMin official

Financial Services Secretary M Nagaraju said the Reserve Bank of India (RBI) has already issued a statement in this regard

Mahindra Lifespace aims ₹3,000 cr revenue from new Mumbai housing project

Spanning 25.47 acres, the project is among the largest developments in Mumbai's central suburbs and is envisioned as an integrated lifestyle destination

BharatPe appoints Himanshu Verma as head of its POS business unit

He will focus on driving merchant adoption, strengthening distribution, and scaling the company's offline payments ecosystem

HMSI to invest ₹1,500 crore on new production line at Tapukara plant

It will also generate employment opportunities for over 2,000 people, further contributing to development of the region

UK confers Knighthood insignia on Tata Group Chairman Chandrasekaran

Lindy Cameron, British High Commissioner to India, described Chandrasekaran as 'an amazing friend of the UK and an iconic figure in India's corporate world'

RCom fraud case: CBI questions Anil Ambani in SBI's ₹2,929 crore loan fraud

CBI has alleged fund diversion, misappropriation and other irregularities in the loan funds issued to Reliance Communications by the bank

HDFC Bank's interim chairman rules out 'material issues' at lender

Keki Mistry says board unaware of any governance concerns behind Atanu Chakraborty's exit; assures 'strong controls' and stable leadership

No material concerns on HDFC Bank's governance and conduct, says RBI

Regulator says bank remains well-capitalised with strong governance and management, approves Keki Mistry as interim chairman for three months

'No power struggle': HDFC Bank's interim chair on Atanu Chakraborty exit

Keki Mistry says there are no material concerns at HDFC Bank after Atanu Chakraborty's exit, rules out governance issues, and says the board will review organisational structure

Prudential may exit life insurance joint venture with ICICI Bank

In talks with BhartiAxa for possible stake buy

Axis Bank to infuse ₹1,500 crore into NBFC arm after RBI's approval

Move follows RBI approval and revised norms, allowing banks to fund NBFC subsidiaries; Axis Finance may list after becoming upper-layer NBFC

PhysicsWallah gets ₹263 crore tax notice, says will challenge order

PhysicsWallah posted about a 33 per cent increase in consolidated profit to ₹102.27 crore in the December quarter

Nazara to acquire 50% stake in two gaming firms for $100.3 million

Nazara UK will initially acquire 50 per cent of the equity in Bluetile and Bestplay

Amritanshu Khaitan quits McLeod Russel board citing personal reasons

Promoter family member resigns as non-executive director citing personal reasons, amid efforts to streamline roles within the Khaitan group

RBI grants approvals for Bain Capital's joint control in Manappuram Finance

Lender secures approvals for ₹4,385 crore investment, with Bain Capital set to acquire stake and become joint promoter alongside existing shareholders

Cube Highways files ₹5,000 cr OFS to convert into India's 1st public InvIT

Trust seeks to broaden investor base and improve liquidity through OFS as it transitions from a privately listed InvIT to a publicly listed structure

Bracing for a flood of semaglutide generics, Novo holds the price line

Novo Nordisk says competition in semaglutide will be driven by science and quality, not pricing, as multiple generic versions prepare to enter India after patent expiry

ReNew Energy set to secure $800 million refinancing loan this year

The five-year facility will be priced at about 185 basis points over the benchmark Secured Overnight Financing Rate, the people said. Final terms may change

BlackSoil Capital raises ₹200 crore from Danish DFI Impact Fund Denmark

Funds will support climate-aligned lending and expand credit access in Tier-II and Tier-III markets, with a focus on women-led businesses and underserved sectors

KKR to invest up to $310 million in PMI Electro, buy stake in Allfleet

KKR will acquire a majority stake in Allfleet and a minority holding in PMI Electro