Company News

BillDesk set to acquire Worldline India's payments business

Fintech major BillDesk is set to buy Worldline India's payments arm in a deal pegged at $100-150 million, strengthening its aggregation and omnichannel merchant capabilities

Bombay HC quashes ₹400-cr personal GST penalty on Shemaroo executives

Court rules Section 122(1A) of the CGST Act cannot be invoked against employees who are not taxable persons; bars retrospective application of the provision

TCS asks employees to use AI even if it means cannibalising revenue streams

TCS CEO K Krithivasan says associates should adopt AI proactively and offer AI-first solutions to clients, even if it cannibalises existing revenue streams

Mindspace REIT pre-leases 5.3 lakh sq ft in Hyderabad to Chalet for hotel

K Raheja-backed Mindspace Reit signs Chalet Hotels for a Rs 350 crore, 330-key luxury hotel at its Hyderabad campus, with completion targeted by Q4 FY28

Coal India arm SECL identifies 7 mine dumps for rare earth exploration

SECL Chairman and MD Harish Duhan said the tendering process for exploration has already begun, with plans to scientifically assess the dumps within the next year to pinpoint viable sites

Chevron sells Venezuelan oil to Reliance for first time since 2023

Chevron negotiated the Boscan crude cargo to Reliance this month, marking ​the first sale of the ‌heavy oil, ​which is ‌used in asphalt making, ‌in about six years

Meta to buy AMD AI chips in $100 bn deal with option for 10% stake

Shares of AMD jumped more than 9 per cent before the market opened on Tuesday

Eris Life partners Natco Pharma to launch semaglutide generic in India

Eris Lifesciences partners with Natco Pharma to commercialise semaglutide in India in 2026, as rising demand and impending patent expiry fuel intense competition in metabolic and weight-loss therapies

AI transition will be painful; IT industry to reinvent: HCLTech CEO

C Vijayakumar says the $283 billion IT industry faces a difficult AI-led shift, but frontier model firms and services players will drive long-term value creation

Balkrishna Ind enters consumer tyre market; eyes ₹23K cr topline by FY30

Balkrishna Industries earmarks Rs 3,500 crore to enter India's consumer tyre market, targeting a 2.2x rise in revenue by FY30 under its Vision 2030 strategy.

IDFC First Bank pays ₹583 cr to Haryana govt after detecting fraud

IDFC First Bank refunds Rs 583 crore to Haryana government after detecting a Rs 590-crore fraud, engages KPMG for a forensic audit and works with authorities on recovery

BS Manthan: Dixon evaluating Gwalior to set up telecom devices mfg unit

Dixon CMD Atul Lall says India is at an electronics manufacturing inflection point and must deepen value addition, create IP and expand global capacity as schemes drive rapid sectoral growth

Unlisted Gems 2026: Reliance Retail leads as top 100 firms earn ₹8.9 trn

India's top 100 unlisted firms generated Rs 8.9 trn in revenue in 2025, led by Reliance Retail, with Tata Electronics and other fast-growing firms signalling a strong pipeline of IPO-ready companies

IPO-bound CleanMax to build 200-MW solar project in Andhra Pradesh

Andhra Pradesh clears a 200-MW solar project by CleanMax group firm Yashaswa Power, investing ₹1,200 crore, as the renewable player prepares for its ₹3,100-crore IPO next week

Voltas expects 25% rise in AC sales as early summer boosts demand

Voltas projects 25% AC sales growth this summer, launches AI-powered units, raises prices amid higher commodity costs and new BEE norms, with strong demand from tier II-III cities

Suzlon names Ajay Kapur Group CEO, elevates J P Chalasani to new council

Suzlon appoints Ajay Kapur as Group CEO and elevates J P Chalasani to its new Group Executive Council as the firm pursues its Suzlon 2.0 strategy to become a full-stack renewable energy provider

Tata Group defers decision on Chandrasekaran's reappointment as chairman

During the board meeting, Tata Trusts chairman Noel Tata raised the issue of losses in certain group companies, and asked that Chandrasekaran commit in writing that Tata Sons will never be listed

MakeMyTrip gross corporate travel bookings cross $1 billion in 2025

MakeMyTrip has a client base of 500 large enterprises, including 150 of the top BSE 500 listed companies and 75,000 SMEs nationwide

Every RBI fraud violation not open to court: HC on Anil Ambani case stay

The division bench held the single bench order as "perverse and illegal" and in breach of natural justice and said it suffers from "procedural irregularity and impropriety"

Suzlon appoints Ajay Kapur as Group CEO, forms new executive council

This transition reflects the group's focus on structured succession and long-term value creation, while ensuring continuity in leadership and strategic direction