Company News

Marico signs deal to buy majority stake in Cosmix Wellness for ₹225.67 cr

Marico has signed definitive agreements to acquire a majority stake in digital-first wellness brand Cosmix Wellness, valuing the company at ₹375 crore and strengthening its health portfolio

Supreme Court directs ED to form SIT to probe alleged RCom bank fraud

The Supreme Court asked the Enforcement Directorate to set up a senior-level SIT to take forward the probe into alleged large-scale bank fraud involving RCOM and Anil Ambani

StarAgri sees 55% revenue jump in FY25, eyes ₹2,000 crore in FY26

StarAgri has remained profitable since inception, while its non-performing assets continue to remain below 1 per cent, reflecting disciplined risk management and balance sheet strength

Zydus Lifesciences gets US FDA approval for generic diabetes drug

Zydus Lifesciences on Wednesday has received approval from the US health regulator to market a generic diabetes drug in the US market.

HCLTech to streamline aviation maintenance operations for Hong Kong's HAESL

HCLTech will deploy its asset management solution, iMRO/4, as HAESL's Maintenance Execution System (MES) in Hong Kong, HCLTech said in a statement

Pidilite expects export rebound after tariff cut, eyes double-digit growth

The company expects to continue its 'double-digit underlying volume growth' in the fourth quarter, and in the coming fiscal year, FY27

BHEL secures ₹1,200-1,500 crore project from Hindalco Industries

BHEL said a letter of intent (LOI) in this regard has been received from Aditya Aluminium, Hindalco Industries

Ikea FY25 loss widens to ₹1,325 cr, revenue down 3.3% to ₹1,749.5 cr

Ikea India Pvt Ltd's net loss was at ₹1,299.40 crore, and its revenue from operations was at 1,809.80 crore in the year-ago period, FY24

KFC India operator Devyani International promotes CFO Manish Dawar to CEO

Shares of the company rose nearly 5 per cent on the day

HAL won't build AMCA; competition between Tata, L&T and Kalyani now: Source

Final decision on developer and builder of India's first stealth fighter prototypes due in about a month at the soonest

Alphabet plans Bengaluru expansion for 20,000 jobs amid H-1B visa curbs

Alphabet has leased one office tower and may take two more in Bengaluru's Whitefield, as tighter US H-1B visa rules push global tech firms to scale up hiring in India

Pesky messages flood WhatsApp as 96% users report daily spam: Survey

Over half of users say they receive 1-3 spam messages on WhatsApp every day, while 30 per cent get 4-7 such messages and 11 per cent report getting eight or more unwanted messages daily

M&M bags order to supply 35,000 Scorpio Pik Ups to Indonesia's Agrinas

The vehicles will be supplied in 2026 as part of a cooperative project in the South-east Asian country

'No drama': Nvidia's Jensen Huang says OpenAI investment plan on track

The latest clarification came after reports suggested Nvidia had paused or slowed its $100 billion investment plans in OpenAI

Walmart becomes first retailer worth $1 trn: What it means and what's next

Walmart's entry is significant because trillion-dollar valuations are usually linked to technology firms

Advent to pick up 14.3% stake in Aditya Birla Housing Fin for ₹2,750 cr

The ₹2,750-crore primary capital infusion by Advent International values Aditya Birla Housing Finance at ₹19,250 crore and will support growth and market expansion

Infosys to help US bank Citizens set up AI innovation hub in India

Infosys will work with US-based Citizens to launch an AI-first innovation hub in Bengaluru to drive AI-led transformation across banking operations and services

Gold financier Muthoot Finance raises $600 million via overseas bond issue

Gold financier Muthoot Finance raised $600 million through a senior secured bond issue under its $4 billion Global Medium Term Note programme

Paytm receives RBI compounding order, company to pay Rs 18.76 lakh

RBI has imposed a compounding fee of Rs 18.76 lakh on Paytm for FEMA violations linked to certain investments in its subsidiaries, the company said

Adani Defence, Italian firm to set up military chopper facility in India

Strategic partnership will help meet the Indian armed forces' requirements for advanced helicopters