Company News

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

Godrej Properties acquires 20 acre land parcel in Bengaluru, eyes ₹1,350 cr

Company plans to develop a premium residential project in Whitefield with an estimated revenue potential of ₹1,350 crore

Burger Singh raises ₹82 crore in funding round led by Artal Asia

The Series B funding round also saw participation from new and existing investors, including Negen Undiscovered Value Fund, and Aurum Rising India Fund

Licious focuses on micro-markets to scale growth, expand dark stores

Licious is focusing on micro-markets within cities to drive growth, planning to scale dark stores and deepen presence in high-demand neighbourhoods

Godrej Properties acquires 20 acre land in Bengaluru, eyes ₹1,350 crore

The company plans to develop a premium residential project on this site with an estimated revenue potential of approximately ₹1,350 crore

Hard Rock Cafe to remain open; JSM rejects closure, plans legal action

The company added that it remained committed to protecting the interests of all stakeholders, including circulating credible and accurate information to the public

Now, Infosys nudges managers to use more AI to spur revenue growth

IT services firms are pushing managers to deploy AI tools in client work to boost productivity, improve efficiency and drive revenue growth amid a prolonged demand slowdown

Iran war: Concor slashes storage-related charges in relief for exporters

Customs allows foreign liquid bulk cargo to be stored at Indian ports

Apple overshoots iPhone production target under PLI scheme by 80%

Based on preliminary estimates with the government, the production value in FY26 is estimated to hit ₹227,000 cr, which is an increase of more than 24% over the previous financial year's ₹183,000 cr

NCLT clears Adani's ₹15K cr JAL resolution plan, rejects Vedanta challenge

NCLT approves Adani Enterprises' Rs 15,000 crore resolution plan for Jaiprakash Associates, dismissing Vedanta's objections and paving the way for takeover