Company News

FMCG majors eye stake in Farmley at potential ₹2,000 crore valuation

Emami, ITC, Britannia and Orkla India are among the companies interested in Farmley, as early investors explore a stake sale that could value the healthy snacking brand at ₹2,000 crore

Not served with any suit: BoB responds to BR Shetty's $15 bn lawsuit

Bank of Baroda said it had not been served with the suit and could not comment on the contents of the pleadings, which had not been tested in court

Paytm's First Games gets ₹5,008 cr relief in GST demand reduction

Paytm parent One 97 Communications said the revised GST demand on First Games Technology would have no incremental financial impact on its consolidated financial statements

Biocon clears patent hurdle for breast cancer biosimilar Pebrilzo

Genentech patent settlement clears legal hurdles for Pebrilzo; competition and pricing will determine commercial gains

GMR Airports incorporates wholly owned subsidiary for land development

GMR Airports has incorporated GMR Aero Realty as a wholly owned subsidiary with ₹1 crore in paid-up capital to pursue real estate and land development opportunities; operations are yet to begin

Sigma Advanced Systems, Munitions India tie up for artillery technology

Sigma Advanced Systems has signed an exclusive MoU with Munitions India for indigenous manufacturing and integration of 155 mm artillery course-correction fuzes

In a first, co-working beats IT/ITeS in office leasing in January-September

Co-working accounted for 26 per cent of India's office demand in January-September 2026, ahead of IT/ITeS at 25 per cent, as enterprises increasingly embraced flexible workspaces

Hyundai Motor group to invest $15.5 billion in India over 7 years

Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032 to expand manufacturing, R&D, local sourcing and future mobility, and create more jobs

Toothsi parent MakeO raises ₹90 crore to expand dental care operations

The company, operating across India and Southeast Asia, has crossed ₹500 crore in revenue and turned Ebitda profitable. It aims to double revenue in the next two to three years

Titan partners with Squarespace to offer custom-domain email to users

Bhavin Turakhia-founded Titan will offer its Essential Email service to Squarespace customers at $3 per user per month, initially across the US, UK, Australia and Canada

Tata Group's semiconductor push a long-term bet on India: Chandrasekaran

Tata Sons Chairman N Chandrasekaran says chip investments must be judged over the long term, while businesses need to build resilience amid geopolitical and technology disruptions

Hyundai replicating India learnings across global markets: CEO Jose Muñoz

Hyundai Motor CEO Jose Muñoz says the company's India operations offer a blueprint for global markets, with long-term investments, localisation and electrification driving growth

AI helps Infosys' Finacle suite reduce friction in its sales process

Infosys Finacle is using AI to reduce sales process time by 60-70 per cent, while deploying multiple language models to improve banking efficiency and control costs

AI arms race giving way to AI returns race: Aditya Birla Group chairman

Aditya Birla Group chairman Kumar Mangalam Birla says businesses are taking a measured approach to AI investments, focusing on tangible returns, productivity and capital allocation

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

After three decades in the ICICI fold, Anup Bagchi readies for his next act

Bagchi, who led ICICI Prudential Life Insurance since June 2023, will take over as HDFC Bank's MD & CEO on October 27, with deposit growth and margin recovery among key priorities

CSM Tech wins $174,000 deal to digitise Mozambique's Beira trade corridor

The company will develop a digital observatory for Mozambique's Beira Corridor to monitor cargo movement, transport delays and trade bottlenecks across Southern Africa

B2B ecom platform Udaan targets IPO by early 2028 as turnaround takes hold

The B2B e-commerce firm expects FY26 revenue to grow 10 to 12 per cent as losses narrow by about 20 per cent, with CEO Vaibhav Gupta targeting profitability by end-2027

ReNew secures $100 million from Dutch development bank FMO for projects

The 10-year financing facility from FMO will support ReNew's renewable energy projects under construction and help diversify its funding sources across domestic and international markets

Prestige Estates' sales bookings rise 20% to ₹7,225 crore in Q2FY27

Prestige Group reported Rs 13,804.3 crore in pre-sales during H1FY27, with Bengaluru contributing 41 per cent, followed by Hyderabad at 32 per cent and Mumbai at 12 per cent