Company News

PFC board clears merger with REC to boost scale, efficiency of NBFCs

Power Finance Corporation's board has approved an in-principle merger with subsidiary REC Ltd, following the government's Budget push to restructure public sector NBFCs

Kotak Mahindra Bank issues India's first fully digital FPI licence

The move follows Securities and Exchange Board of India operationalising a unified digital workflow in January 2026

Mahindra group to invest ₹15,000 crore over 10 years in Nagpur unit

Group would establish its largest integrated manufacturing facility for automobiles and tractors around the city

Bharti Airtel yet to hear from DoT on parity of AGR dues with Vodafone Idea

Airtel has sought parity with Vodafone Idea on AGR dues reassessment and says it has written multiple times to the DoT, while outlining its plans on data centres, ARPU growth and 5G strategy

India emerges second-fastest-growing market for Bath & Body Works

Garrison also said that the India business has doubled every five years and, in the short term, the growth could be even faster

Titan's jewellery business picks up amid fall in gold prices: CEO

CEO said buying for investment had peaked in the past one year

Adani Group plans ₹70,000 crore push to deepen footprint in Vidarbha

The Gautam Adani-led Adani Group plans to invest ₹70,000 crore across energy, logistics and airport infrastructure in Vidarbha, reinforcing its long-term commitment to Maharashtra's industrial and eco

Mitsubishi Electric India expands Chennai footprint with ₹2,100 cr plant

Mitsubishi Electric India has begun operations at its new air conditioner and compressor manufacturing facility in Chennai, marking a Rs 2,100 crore investment

PFC approves in-principle merger proposal with REC after Budget 2026 push

PFC's board has approved an in-principle merger with REC after the Budget 2026 proposal to restructure the two public-sector NBFCs. The merger details are yet to be finalised

JM Financial Q3FY26 results: Net profit jumps 50% to ₹313 crore

JM Financial's Q3 FY26 profit jumps 50% to ₹313 crore, led by strong corporate advisory, capital markets execution and robust private markets performance

Mahindra unveils ₹15,000 cr decade-long investment plan for Maharashtra

The announcement was made at Advantage Vidarbha, a three-day flagship event positioning the region as an emerging industrial growth hub on India's manufacturing map

Hindustan Copper to enter critical minerals sector, boost green energy push

The PSU is aggressively expanding into the exploration and development of critical minerals to support the country's green energy transition and reduce dependence on imports

Alembic Pharmaceuticals gets nod for generic Parkinson's treatment tablets

The approval by the US Food & Drug Administration (USFDA) is for the Abbreviated New Drug Application (ANDA) of Carbidopa, Levodopa and Entacapone tablets

Maruti partners with Andhra govt to set up 4 automated driving test tracks

Under the MoA, the car major will automate and maintain these driving test tracks for a period of three years from the date of commissioning

Zydus receives orphan drug status for Sickle Cell Disease medication

The US Food and Drugs Administration's (USFDA) grants orphan status to support development of medicines for the treatment of rare diseases that affect fewer than 2 lakh people in the US

Alembic to skip first wave of global semaglutide launches, eyes India

Alembic Pharmaceuticals said it will miss the first wave of global generic semaglutide launches but is exploring partnerships for a faster entry into the Indian market

Reliance sends 1st fuel to Europe since ban on Russian oil-derived products

The EU's ban on importing products produced from Russian crude is aimed at curbing oil revenues Moscow uses to fund the Ukraine war

Next phase of growth is about improving utilisation: Surendran Chemmenkotil

In a video-interview with Sohini Das, Surendran Chemmenkotil, Managing Director of Metropolis Healthcare, speaks about the company's FY27 network expansion strategy

Explained: How Anthropic's Claude plug-ins rattled Indian IT stocks

New plug-ins let Claude automate legal, sales and analytics tasks, raising fears of AI-led disruption to traditional software and IT services

IOC Q3 net profit soars six times on higher GRMs, LPG compensation

IOC's revenue from operations rose 7.7 per cent to Rs 2.36 lakh crore in the quarter ended December 2025