Company News

Leela Palaces bets on firm domestic demand; staycations rise: CEO

International expansion exploration on, capex plan of ₹1,300 crore till 2030

IIFL Finance shares jump despite ₹476 crore income tax demand notice

Lender says it has strong legal grounds to contest the tax demand as investors cheer the end of a key regulatory overhang on the stock

EaseMyTrip board approves ₹500 crore fundraise through rights issue

The board has also approved the appointment of the necessary intermediaries in connection with the rights issue, the company said

Zydus to acquire Assertio in ₹1,570 crore deal to expand US business

Acquisition gives Zydus a branded-drugs commercial platform in the US and strengthens its specialty pharmaceutical presence in pain and oncology therapies

Tata Motors Q4 PAT rises 34% to ₹1,793 cr on strong operational performance

Commercial vehicle maker reports higher volumes, stronger margins and record annual revenue despite headwinds from commodity prices and West Asia tensions

Bharti Airtel approves ₹28,200 cr share-swap to raise Airtel Africa stake

Bharti Airtel will issue shares to promoter group firm ICIL in a cashless transaction that strengthens its indirect holding in Airtel Africa

HDFC Life declares record Rs 4,596 crore bonus for policyholders

Life insurer says the bonus will benefit 22.2 lakh participating policyholders, with a major portion to be paid out during FY27

PFC Q4 results: Profit rises 24% to ₹6,315 crore aided by lower expenses

CEO concerned over lower group exposure norms post elevation to upper layer

Amul hikes milk prices by ₹2 per litre across country from May 14

The last price increase was effected on May 1, 2025

Trilegal appoints Sandeep Ghosh as its first chief executive officer

Law firm says appointment marks a key leadership transition aimed at strengthening operational capabilities and supporting long-term institutional growth

NaBFID raises ₹4,000 crore through 10-year bonds at 7.74% yield

State-owned infrastructure financier successfully taps long-term bond market despite volatility, investor caution and uncertainty linked to the West Asia crisis

Tata-backed Impetis licenses JAK inhibitor assets to Vyome Holdings

Deal gives Vyome entry into the fast-growing market for next-generation autoimmune and inflammatory disease drugs

Zoho invests ₹70 cr in ONDC to boost digital commerce network for MSMEs

The investment is aimed at making technology more accessible and inclusive for businesses of all types and sizes, particularly Micro, Small and Medium Enterprises

Maruti commits ₹1,372 cr on green logistics, crosses 3 mn rail dispatches

The company, which crossed 3 million cumulative vehicle dispatches through railways, currently has 26.5 per cent of its total dispatches coming from rail outbound logistics

JSW MG Motor set to build an Indian core for electric passenger vehicles

Mehrotra said that their aim is to hit the target of 70% localisation- within 12 to 18 months and many of their cars like the electric Comet have already crossed the 50% localisation mark

The Bajaj Group story: One family, two wheels, and a lending empire

From kickstart scooters to kickstarting consumer credit, group's century-long reinvention mirrors India's changing economy

Coal India to set up Chile, Singapore units in critical minerals push

Miner identifies lithium block in Chile and eyes Australia partnerships in rare earths, copper and coking coal as part of diversification beyond thermal coal

HP India supply chain can tide over chip shortage: MD Ipsita Dasgupta

HP India says its domestic and global supply chains remain flexible enough to manage the ongoing memory chip shortage despite rising costs

Fractal cofounder sees opportunity in partnering OpenAI, Anthropic

Fractal co-founder Srikanth Velamakanni said the company expects to benefit as OpenAI and Anthropic accelerate efforts to embed AI tools across enterprise workflows

NCLT allows withdrawal of insolvency process against ATS Le Grandiose

In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code