Company News

Tata Steel, Dutch govt extend joint letter of intent for decarbonisation

The five-month extension gives Tata Steel and Dutch authorities more time to address outstanding issues and work towards an integrated health and decarbonisation project

Microsoft abandons personal AI chatbot race with Copilot reboot

It allows users to edit Word or Excel documents within a Copilot app or browser tab, addressing a common gripe that Microsoft's assistant had only limited reach into its own productivity software

After Bengaluru, Rapido's food delivery app Ownly expands to Hyderabad

Ownly operates on a zero-commission model, charging restaurants a subscription fee instead, and currently partners with more than 20,000 restaurants

Dr Lal PathLabs expands advanced diagnostics portfolio with genomics buy

The ₹168 crore acquisition of a 70 per cent stake in SN Genelab is expected to strengthen Dr Lal's genomics expertise and broaden its advanced diagnostics portfolio

EaseMyTrip rolls out electric buses in Bhopal, targets 5,000 units a year

Easy Green Mobility plans to build annual manufacturing capacity of 5,000 electric buses within five years as EaseMyTrip expands its presence in clean mobility

IIFL Home Finance signs $150 mn JICA loan to boost affordable housing

The financing will support home purchases by women from economically weaker sections and low-income groups in urban and peri-urban areas across India

Decathlon sees strong growth, eyes ₹1,000 cr running sports biz in 4 yrs

Decathlon Sports India, which reported revenue of Rs 4,133.10 crore in FY25, is investing 100 million euros in building and strengthening its manufacturing ecosystem in India.

NCLT clears Sesa Care-Dabur India merger, paving way for integration

The tribunal's approval clears a key step in the transaction announced in October 2024, with Dabur looking to expand Sesa Care using its distribution network

PC Jeweller says it's debt-free, cleared dues of all 14 consortium banks

In a regulatory filing, PC Jeweller informed that the company has "successfully discharged the remaining outstanding debt of the banks and has achieved its financial objective of a debt-free status".

Ather Energy plans aggressive push into overseas markets: CBO Phokela

However, the company will prioritise the domestic market amid the current demand-supply situation, CBO Ravneet S Phokela added.

Kian-M Export files IPO papers with Sebi to raise ₹500 cr via fresh issue

Apart from the fresh issue, there will be an offer for sale (OFS) of up to 15 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday.

Signature Global plans 194-acre luxury farmhouse project in Gurugram West

The project has about 6.77 million sq ft of developable potential and an estimated gross development value of ₹5,500-6,000 crore, marking its entry into the segment

Explainer: Why Tata Sons and Tata Trusts are locked in a power struggle

Tata Sons and its 66% shareholder Tata Trusts are at odds over N Chandrasekaran's reappointment and a possible listing

Dabur gets NCLT's nod to absorb Ayurvedic hair oil brand Sesa Care

The merger will become effective after completion of necessary statutory filings and other conditions stipulated under the scheme

Vascon Engineering receives order worth ₹660 crore from Qualcomm India

The work has to be completed within 30 months from the date of site handover

Govt evaluating financial bids for strategic stake sale in IDBI Bank

In July, billionaire investor Prem Watsa-backed Fairfax Financial Holdings and Dubai-based Emirates NBD had put in their revised bids to buy 60.72 per cent in IDBI Bank

Suzuki to halve vehicle development time by 2030, boost India capacity

Japanese automaker to improve raise manufacturing efficiency and expand India's role as a global production

Embassy Reit raises ₹1,000 crore through debentures to refinance debt

The amount would be used to refinance its existing debt

Air India clears ₹17.74 crore payout for outgoing CEO Campbell Wilson

The payout comprises ₹15.24 crore in replacement shares due under the former CEO's long-term incentive plan for FY23-FY25, along with a ₹2.5 crore one-time reward approved for FY25

Welspun Corp wins largest-ever HFIW pipe order worth ₹4,000 crore

Welspun Corp's US subsidiary has secured its largest-ever HFIW pipe order worth about $412.5 million, taking its global order book to a record $4.7 billion