Company News

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

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

Uber India shifts from reactive to predictive safety: Sooraj Nair

Uber India is embedding AI across its safety stack-from teen rides to driver compliance-as it expands beyond 125 cities

Kotak Mahindra Capital divests nearly 31% stake in Infina Finance

The transaction involves the sale of a cumulative 30.99 per cent stake in Infina, an associate company of the bank, to multiple investors, the bank said in a regulatory filing

Dredging Corp aiming to more than double turnover to ₹3,000 cr: CEO

Visakhapatnam-based Dredging Corporation of India Ltd (DCIL) is the country's premier dredging company with around five decades of experience in dredging operations

'Skoda Auto India eyeing up to 12% sales growth in 2026 on product push'

Skoda Auto India, which has launched the facelift version of its mid-sized SUV Kushaq, has set its eyes on crossing the 1 lakh annual sales milestone in future, but not in 2026

JSW MG Motor bets on non-metros to accelerate sales of EV Windsor

From an EV growth perspective, "The non-metro regions present a tremendous opportunity, and we aim to play a leading role in this journey, said JSW MG's senior official

CBI quizzes ex-Reliance ADA Group MDs in ₹2,929.05 crore fraud case

Officials alleged that financial institutions and banks suffered losses of over ₹9,000 crore in connection with Reliance Commercial Finance Ltd and Reliance Home Finance Ltd

Air India flight returns to Delhi after deploying wrong plane for Canada

The Boeing 777-300ER and Boeing 777-200LR are two long-haul variants of Boeing's 777 family with distinct capabilities in range and capacity

Two days after chairman's exit, three senior HDFC Bank execs asked to leave

Move linked to alleged mis-selling of Credit Suisse AT1 bonds to NRIs; comes days after chairman Atanu Chakraborty's sudden resignation

Flipkart CFO Venkataraman steps down; Ravi Iyer to take interim role

Leadership reshuffle comes as Walmart-owned e-commerce company prepares for potential India listing and strengthens senior team

Tata Steel commissions ₹3,200 crore Ludhiana EAF in green steel push

Scrap-based electric arc furnace in Ludhiana marks Tata Steel's first step towards low-emission steelmaking and supports its net-zero target for 2045

Not in any discussions to divest foods portfolio: Hindustan Unilever

Unilever receives inbound offer for its food biz, in talks with McCormick & Co

Vedanta chairman calls for faster reforms to unlock mining potential

Vedanta chairman Anil Agarwal highlights delays in operationalising auctioned mineral blocks, urging reforms to boost production and reduce India's import dependence

HDFC Bank shares down 7.4% in 2 days after chairman Chakraborty's exit

Extension of Jagdishan's term to help: Brokerages

Devyani International to invest ₹347 crore in Thailand's KFC operator

Investment in Restaurants Development Co will help repay debt and fund expansion, with Devyani to hold 49% stake through subsidiary DID

Thomas Cook India announces demerger of resorts business into Sterling

Move aims to unlock shareholder value, streamline capital structure and enable separate listing of Sterling Holiday Resorts on stock exchanges

Ola Electric diverts IPO funds from R&D to debt amid mounting pressures

EV maker reallocates ₹575 crore from R&D to debt repayment and growth as sales slow, market share slips and fundraising challenges persist