Company News

MobiKwik bets on AI to boost loan disbursals by ₹300 crore a quarter

The fintech firm is using AI to reduce loan application drop-offs and convert passive users into borrowers as it strengthens its lending business after securing an NBFC licence

SC allows CERC to frame mkt-coupling regulations, dismisses IEX challenge

The apex court says the challenge is premature as regulations are yet to be notified, while allowing IEX to raise objections after the framework is finalised.

Saurabh Jain joins Bandhan AMC as Chief Business Officer from StanChart

Former Standard Chartered Bank India executive brings leadership experience across wealth management, private banking, investment strategy, sales, distribution and branch banking

Essar to invest $5.8 billion in UK energy transition projects by 2035

The group plans to invest £4.3 billion in low-carbon projects, including the Stanlow energy transition hub, while expanding its UK fuel retail network and exploring data centres

ITC completes Century Pulp acquisition, expands paper business scale

The ₹3,500-crore acquisition makes ITC India's largest integrated paperboards and paper company, raising capacity by over 50% to around 1.5 million tonnes

GRSE wins ₹1,032 crore ONGC order for four platform supply vessels

The state-run shipbuilder will design and construct four hybrid-propulsion platform supply vessels for ONGC to support offshore exploration and production activities.

Indian Oil to invest ₹1 trillion in petrochemicals over next 5 years

The state-run refiner plans to raise petrochemical intensity to 16% while expanding renewables, pipelines, green hydrogen and sustainable aviation fuel capacity.

Tata Projects appoints Sukumar Hebbar as managing director and CEO

Former Larsen & Toubro executive Sukumar Hebbar succeeds Vinayak Pai as Tata Projects looks to expand its presence across infrastructure, data centres and industrial EPC.

Nalco fined by BSE, NSE over shortfall in independent directors on Board

Stock exchanges imposed penalties over non-compliance with SEBI's Board composition norms, while Nalco said appointments of independent directors are beyond its control.

From IPL finals to concerts, multiplexes seek a life beyond the movies

Concert films, live sports and fan events are emerging as multiplexes' latest growth strategy as exhibitors look to reduce their dependence on blockbuster releases and attract new audiences

Added flavour in your booze? FSSAI issues notices to Diageo, Inbrew

The regulator said that the notices have been issued as certain manufacturers are adding the flavour of the standardised alcoholic beverage itself

Willie Walsh assumes charge as IndiGo CEO, succeeds Pieter Elbers

Willie Walsh has assumed charge as IndiGo's chief executive officer after completing his tenure at IATA and will lead the airline's global expansion, operations and commercial strategy

Chennai Petroleum plans to expand refining capacity to 280,000 bpd

Chennai Petroleum operates a 210,000-bpd Manali refinery in the southern state of Tamil Nadu

360 One Wealth CEO Yatin Shah targets bigger share of India's ultra-rich

India's largest independent wealth manager holds almost 10% of the ultra-high-net-worth market, and is looking to increase that to 12% or 13%, Co-Founder Yatin Shah said

Target bets on AI to drive enterprise strategy and retail operations

The retailer, with a market capitalization of more than $100 billion, is known for its style, design and curated merchandise and has about 5,500 employees in India now

Vedanta sees 67% rise in FY27 Ebitda to $10 billion, says CFO Ajay Goel

CFO says group expects to cut debt by more than Rs 20,000 crore in FY27

Ramkrishna Forgings expects exports to recover on stronger global orders

The company expects exports to contribute 35 per cent of FY27 revenue as demand improves in North America and Europe, helping absorb newly created manufacturing capacity

Zee to seek legal advice on Sebi order, says fund raise unaffected

The company says it will take legal steps over SEBI's order while continuing with its fund-raising exercise aimed at strengthening its financial foundation

Bank of Maharashtra cuts home loan rate to 7%, waives processing fee

State-owned lender launches a limited-period 'Monsoon Dhamaka' campaign, lowering home and car loan rates while waiving processing fees and documentation charges

IndiGo marks 20 years of ops with bigger global push, fleet expansion plans

The country's largest airline, which has a domestic market share of more than 66 per cent, is set to induct Airbus A321 XLR aircraft before taking delivery of wide-body A350s from 2028