Company News

M&M: No official word from Indonesia on any suspension of vehicle orders

Mahindra said it has received no intimation from Indonesian authorities about suspending its vehicle imports, clarifying a media report and reaffirming its 35,000-unit export order

MRF to invest ₹5,300 crore in new tyre plant in Tamil Nadu's Sivaganga

MRF has signed a non-binding MoU with the Tamil Nadu government to set up a greenfield tyre manufacturing unit in Sivaganga with an investment of Rs 5,300 crore over 12 years

Jio Platforms appoints Dan Bailey as President, to lead global initiatives

Former Deutsche Bank executive Dan Bailey will lead Jio Platforms' international initiatives and report to Akash Ambani as company prepares for global expansion

IIFL Finance hires EY for due diligence on potential Samasta stake sale

IIFL Finance has appointed EY to conduct due diligence for a possible stake sale in its MFI arm Samasta, as the lender evaluates strategic options amid pressure on the microfinance portfolio

SBI recruits 5,783 junior associates, crosses 18,000 hires in FY26

SBI has selected 5,783 junior associates from nearly 9 lakh applicants, taking its total hires in FY26 to more than 18,000 as the bank ramps up customer service and branch operations

Motilal Oswal Home Finance secures $100 million from Asian Development Bank

Motilal Oswal Home Finance secured $100 million from ADB to expand affordable housing loans for women and support green-certified projects, strengthening its funding base and reach

Aurobindo arm launches Pomalidomide generic in US, adds to oncology line

Aurobindo Pharma subsidiary Eugia Pharma has launched generic Pomalidomide Capsules in the US, one of the first-to-file applicants for the drug, expanding its oncology portfolio

IIFCL plans to raise $1.6 billion for infra push in India: MD Rohit Rishi

The authorised and paid-up capital of the company stood at ₹10,000 crore and ₹9,999.92 crore, respectively, as of March 31, 2025

Petronet LNG issues force majeure after QatarEnergy halts production

Petronet LNG issued force majeure to QatarEnergy and its off-takers after LNG production was halted amid the West Asia crisis, saying the impact cannot be estimated at this point

DEG, Citi co-finance $76 million to Shriram Finance for MSME, EV loans

DEG and Citi have extended a $76 million co-financing facility to Shriram Finance to expand lending to MSMEs, smallholder farmers, women borrowers, and electric vehicle buyers

German DEG, Citi to provide $76 million funding to Shriram Finance

Citi's financing will support smallholder farmers, a segment critical to India's food security and rural economy, yet often constrained by limited access to affordable capital

Reliance Jio to be among first scalable token services providers: CEO

Reliance Jio plans to integrate AI deeply into its telecom operations and position itself among the first scalable token services providers globally, group CEO Mathew Oommen said

Godrej Properties eyes ₹6,150 cr from Gurugram and Kolkata projects

Godrej Properties acquires an 11-acre land parcel in Gurugram and secures a 5-acre plot in Kolkata; the two residential projects together are expected to generate ₹6,150 crore in revenue

Cognizant BPO business higher profit and revenue: CFO Jatin Dalal

Segment is expanding faster than the core business and delivering better margins as generative AI boosts productivity, he says

Wipro set to lose $500-million Estee Lauder contract to Accenture

The shift of Estee Lauder's $500-million contract to Accenture marks a setback for Wipro as CEO Srini Palia pushes large efficiency-led deals amid renewed focus on discretionary spending

RMZ plans to double office portfolio in five years via acquisitions, JDs

The Bengaluru-based asset owner plans acquisitions and joint developments to expand beyond 40 million sq ft, backed by a strong pipeline, near-zero vacancy and fresh capital raising plans

Brigade Group leased out 156K sqft to 2 global firms at Brigade Twin Towers

Brigade Group has leased 156,000 sq ft at Brigade Twin Towers to MANN+HUMMEL and Labcorp, signalling sustained demand for Grade A offices and strengthening the project's commercial appeal

Adecco sees 6-10% salary hikes in 2026; AI-led roles to get bigger jumps

Adecco India's 2026 Salary Guide shows moderate 6-10% hikes for most sectors, with AI, digital tech, EV and specialised roles expected to receive significantly higher increments

NCW Prime Offices Fund acquires grade A+ commercial asset in Pune

NCW-managed Prime Offices Fund enters Pune with 51% stake in 1.1 msf TenSteps asset; portfolio expands to 3.8 msf across three cities

NB Group to invest ₹350 crore on new luxury housing project in Ahmedabad

Nishith Shah, CMD of NB Group, said the total investment to develop this project is estimated at ₹350 crore