Company News

Fino fallout prompts fintech firms to seek safe harbour, tighten controls

After the Fino Payments Bank episode, fintech firms seek safe harbour protection and tighten internal controls, consolidating key responsibilities amid rising compliance risks

AM/NS India kicks off work on ₹1.36 trillion Andhra Pradesh steel plant

AMNS India has begun work on a Rs 1.36 trillion steel plant in Andhra Pradesh, with plans to serve domestic demand and tap export markets through phased expansion

Somerset Indus closes $288 mn fund, eyes larger healthcare investments

Somerset Indus has closed its third fund at $288 million, exceeding its target, and plans larger investments across healthcare, medtech, and insurance-linked sectors

Asgard Alcobev appoints Ronak Jain as Managing Director

Rohit Jain is a seasoned entrepreneur with diversified experience across breweries, distilleries, cement, steel, and allied industries, the company said

Duroflex plans 150 new stores, sharpens omni-channel growth strategy

Duroflex plans to add 150 stores over three years while strengthening its omni-channel strategy, aiming to drive growth through retail expansion and premium offerings

ICICI Bank to prioritise stable liability base to support growth: Report

ICICI Bank will focus on building a stable liability base while maintaining growth, supported by diversified sourcing, calibrated lending, and steady margins, says report

Wipro launches innovation lab in Seoul; bolsters South Korea presence

Wipro employs several hundred professionals in South Korea and continues to make sustained investments in the local ecosystem

Somerset Indus Capital raises $288 million, affordable healthcare in focus

Somerset will continue to focus on addressing healthcare access gaps, particularly in Tier II and Tier III markets

Hindustan Foods to acquire Ultra Beauty Care unit for ₹19.9 crore

The acquisition is in line with HFL's strategy to enter contract manufacturing and expansion of its business into a comprehensive range of ayurvedic, herbal beauty care and cosmetic products

HZL, Tata Steel tie up to boost low-carbon zinc use in steel manufacturing

The partnership highlights both firms' resolve to weave climate priorities into their core operations and sourcing strategies

Bosch, Tata AutoComp form joint venture to boost India's e-mobility push

The joint venture will focus on engineering, manufacturing and sales of eAxle systems and electric motors in India

Credit Suisse AT1 bond crash may have fuelled HDFC Bank leadership crisis

The rift came down to differing views over accountability, particularly over client losses tied to risky bonds sold by Credit Suisse

West Asia war risks pushing up prices, says Coca-Cola bottler SLMG

West Asia conflict drives input costs, pressures India's soft drink market

Every sport in the world is a function of star power, says Vinit Karnik

Cricket's dominance in India is built on deep structural strengths-from grassroots systems to governance-while other sports struggle to scale beyond visibility

West Asia business 'near normal' amid war, says L&T's Subramanian Sarma

95% of sites are operating in its 'second home'; supply chain and logistics seen as key challenges, new opportunities likely post war

Vedanta moves NCLAT against Adani bid to acquire Jaiprakash Associates

Anil Agarwal-led Vedanta Group was in the race to acquire JAL through an insolvency process, but the lenders in November last year approved the resolution plan or bid of Adani Enterprises Ltd

Amazon India workers' union calls for better wages amid LPG curbs

Amazon India workers' union seeks wage hike and incentives as LPG shortages and rising living costs strain warehouse workers amid West Asia disruptions

Tata Capital gets ₹413 cr tax demand; to challenge reassessment order

Tata Capital faces a ₹413 crore tax demand for FY18, flags computation errors and plans to challenge the order with no expected business impact

L&T hopes govt will sustain capex, widen deficit amid West Asia crisis

L&T backs continued government capex despite rising oil-driven import costs, even if it leads to a temporary fiscal deficit expansion

Little impact of West Asia conflict on biz, 95% projects on, says L&T

The company flagged logistics and supply chain as key challenges and noted revenue risks if the situation remains unchanged