Company News

Embassy REIT raises ₹530 crore through divestment at Manyata Business Park

The divestment of nearly 376,000 sq ft at Embassy Manyata is expected to boost distribution per unit and support Embassy REIT's capital recycling strategy

HC stays action by 3 banks against Anil Ambani, Reliance Communications

The action was based on a forensic audit report prepared by an external auditor, BDO LLP, noted Justice Milind Jadhav

Bharti Enterprises, Warburg Pincus to acquire 49% stake in Haier India

The strategic partnership aims to accelerate Haier India's growth, deepen localisation and expand manufacturing, with the Chinese parent retaining an equal stake in the Indian subsidiary

Sanction-hit Nayara delays Vadinar oil refinery maintenance work

The private refiner will delay planned works and the closure of its 400,000 barrels-a-day complex from February until April 2026, according to people familiar with the matter

Samsung seeks PLI extension, eyes display manufacturing expansion in India

While Vietnam remains the company's main global manufacturing hub, Samsung's Southwest Asia President JB Park said India could see more investment if demand rises naturally

Coca-Cola India bottler HCCB to cut 300 jobs across sales, supply chain

Around 4-6 per cent of HCCB's workforce is being cut as part of a restructuring drive, impacting teams across sales, supply chain, distribution and plant operations

Industry may be flat in 2026; we aim for double-digit growth: Samsung India

Samsung India expects the consumer electronics industry to stay flat in 2026 amid a weak rupee and inflation concerns, but says it is targeting double-digit growth led by TVs and ACs

Tata Motors' EV arm to launch five new models by FY30; capex Rs 18,000 cr

Tata Passenger Electric Mobility plans five new EV models by FY30 and Rs 16,000-18,000 crore capex on products, technology and charging infrastructure as Tata EV sales cross 250,000 units

APSEZ completes acquisition of NQXT Australia, revises FY26 Ebitda guidance

Adani Ports and Special Economic Zone has completed the NQXT Australia acquisition and raised FY26 Ebitda and cargo volume guidance, citing the terminal's growth and cash flows

Samsonite India increasing manufacturing to 700,000 units a month

Samsonite India has expanded capacity at its Nashik plant to 700,000 bags a month, strengthening domestic manufacturing, exports and readiness for rising travel demand amid growing competition

Ajanta Pharma signs pact with Biocon to sell semaglutide in 26 countries

Ajanta Pharma has signed an in-licensing pact with Biocon to market semaglutide across 26 countries in Africa, the Middle East and Central Asia, subject to approvals

Hyundai becomes ICC premier partner for six major tournaments through 2027

Hyundai Motor Company has signed a deal with the ICC to become a premier partner for six major tournaments across men's and women's events through 2027, including matchday rights and branding

Saleem Ahmad assumes charge as RVNL chairman and managing director

Rail Vikas Nigam Limited said Saleem Ahmad has taken charge as its new chairman and managing director. He previously served as director (projects) at NBCC (India)

HMEL to invest ₹2,600 crore in Bathinda refinery for downstream expansion

HPCL Mittal Energy plans to invest Rs 2,600 crore at its Bathinda refinery to build polypropylene downstream industries and start fine chemical projects to expand its business

HN Reliance Foundation Hospital launches tele-robotic surgery programme

HN Reliance Foundation Hospital has launched a tele-robotic surgery programme, allowing Mumbai surgeons to remotely perform, guide robotic procedures at a Jamnagar partner centre using Jio's network

Unity SFB's Aviom Housing acquisition may take 3-4 months to complete

Unity Small Finance Bank has emerged as the winning bidder for Aviom India Housing Finance, but completion may take 3-4 months as key regulatory and creditor approvals are pending

Union Bank of India cuts rates on select retail loans by up to 160 bps

Union Bank of India has reduced rates on select retail loans from December 18, cutting home loans by 30 bps, vehicle loans by 40 bps and personal loans by up to 160 bps

Brookfield India Reit raises ₹2,000 crore via sustainability-linked bonds

The IFC-anchored five-year bond issue links financing to renewable energy and water stewardship targets, marking the largest sustainability-linked bond raised by a Reit in India

GAIL signs MoU with Chhattisgarh for 12.7 LMT gas-based urea project

GAIL has signed an MoU with the Chhattisgarh government to undertake studies for a greenfield gas-based fertiliser project, including a 12.7 LMT urea plant along its MNJPL corridor

Tata Motors Finance settles Sebi matter for ₹32 lakh over NCD issue

Tata Motors Finance settled the Sebi matter for Rs 32 lakh over alleged violations tied to five Tier-II perpetual NCD issuances between 2019 and 2022