Company News

Govt should act as 'landlord' in port JVs: DP World CEO Yuvraj Narayan

While expressing confidence in the Indian economy, Narayan pointed out that the country's energy import bill, which puts pressure on the rupee, affects dollar returns for investors

Yes Bank AT-1 bond reinstatement likely to hit CET-1 ratio by 250 bps

The bank said it is reviewing the Supreme Court order that upheld the Bombay High Court's decision to quash the write-off of AT-1 bonds during its reconstruction phase

ONGC weighs standalone, joint venture models for new greenfield refinery

The state-run oil major is evaluating standalone, subsidiary and foreign partnership models for its proposed refinery, with capacity, investment and location yet to be finalised

Growth moderation, valuation headwinds ahead for Nestle despite strong Q2

Nestle posted 20% revenue growth and improved margins in Q2FY27, but concerns over slowing growth, input costs and premium valuations have prompted brokerages to cut target multiples

Oberoi Realty profit remains flat at ₹761 crore, revenue declines 6%

The Mumbai-based developer reported a 6.1 per cent decline in Q2 revenue to Rs 1,670.95 crore, while booking value stood at Rs 9,149.69 crore during the quarter

Telangana woos Hyundai for car plant, seeks to fast-track ₹8,528 cr R&D

Chief Minister Revanth Reddy pitches Hyderabad as an ideal location for Hyundai's car plant and assures support to expedite its Rs 8,528 crore R&D facility in Zaheerabad

India is shaping how OpenAI builds products, says CTO Vijaye Raji

Applications chief Vijaye Raji says the company is building Hindi voices and courting Indian developers and enterprises

RapidCanvas raises $29 million in Series B round led by Vertex Ventures

The funding takes RapidCanvas' total capital raised to $52.5 million and will support expansion of its go-to-market teams, field AI engineering operations and partner network.

AI drives 75% of orders on ecom platform Meesho via personalised ranking

Meesho's AI-powered Prism drives nearly 75% of orders, while its Chorus agent handles 62% of user queries as the e-commerce platform expands AI adoption across operations

Iveco Group shareholders approve Tata Motors' takeover proposals

Iveco shareholders approve takeover-related resolutions, lowering the minimum acceptance threshold to 80 per cent; Tata Motors' €3.91 billion tender offer is set to close on October 26

OfBusiness's AI-powered BidAssist expands reach beyond India's big cities

More than 60% of BidAssist's 1.7 million users are in Tier-II and Tier-III cities. The AI-powered platform tracks over 50,000 live tenders daily to help SMEs identify orders and assess bids

ITC Hotels expands NCR presence with 104-key 'Welcomhotel' in Manesar

The hotel will cater to corporate and social events, with connectivity to Delhi, Gurugram, Noida and Faridabad, as ITC Hotels expands its presence beyond major gateway cities

South Indian Bank aims 16% loan growth in FY27 amid West Asia war risks

Retail, agriculture and MSME loans, which account for 61% of the bank's advances, are expected to grow 17-18%, while elevated oil prices and inflation remain key risks

Magicbricks names ex-CarDekho executive Mayank Jain as CEO, effective Oct 1

Jain joins from CarDekho, where he led Auto Classifieds for over five years, and will focus on business transformation, technology-led innovation and operational performance

Omaxe, Lemon Tree ink pact to manage 10 upcoming hotels worth ₹4,000 cr

The projects will span eight locations, including Lucknow, Vrindavan and Greater Noida, and form part of Omaxe's broader ₹6,200 crore plan to develop 19 hospitality projects across five states

Ambani taps Reliance's 420,000 employees to boost Jio IPO participation

The conglomerate has reached out to staff across its group companies and encouraged them to open trading accounts, as Mukesh Ambani seeks to build interest in the proposed $3.2 billion listing

Krisumi Corp starts construction of two phases at Krisumi City in Gurugram

The company will invest over ₹1,300 crore in the two phases, comprising 542 units at its 33.38-acre Krisumi City township in Gurugram, with prices starting at about ₹4.9 crore

Fund managers halt inflows after Supreme Court ruling on Yes Bank bonds

Kotak Mahindra Asset Management and Nippon Life India Asset Management have paused fresh investments as they review how SC's decision to overturn the 2020 AT1 bond write-off could affect valuations

Indian Bank Q2 profit grows 14% to ₹3,540 cr as asset quality improves

Indian Bank's consolidated net profit rose 14% to ₹3,540 crore in Q2FY27, while gross NPAs declined to 1.61% and deposits grew 12.5% year-on-year to ₹8.74 trillion

Indian software stocks set to outperform AI peers by most margin in decades

India's top software exporters have surged over 10% this week as global chip stocks fall 7.4%, with analysts pointing to AI valuation concerns and signs of improving revenue growth in the IT sector