Company News

Vedanta targets listing demerged units on Indian exchanges by mid-May: CFO

Vedanta's restructuring will spin off 4 businesses - steel and ferrous metals, oil and gas, aluminium, and power - into separately listed companies, while its base metals ‌unit will remain with parent

Adani pivots to local debt, aims to raise $10 billion over three years

A move last week by the US SEC to advance its stalled fraud case against Adani brought another reminder of the uncertainties burnishing the appeal of local funding

Adani hires prominent Wall Street lawyer as SEC case set to advance

The SEC's lawsuit alleges that Gautam and his nephew Sagar Adani violated US securities laws by making false and misleading representations about Adani Green Energy Ltd

'Japanese automakers explore ties with Shriram after MUFG investment'

Since the deal was announced, MUFG has fielded calls from automakers seeking to grow sales, for instance by offering preferential financing through Shriram

Indian Oil eyeing Africa and Europe for petrochemical exports: CMD

Indian Oil aims to increase refining capacity to 98.4 MTPA by 2028

Brokerages expect Vodafone Idea's revival plan to hinge on bank loans

Indus Towers to be key beneficiary as telco is planning to increase tower footprint

FMCG firm Dabur India likely to undertake price hikes for some brands

Dabur expects high single-digit growth next year led by volume recovery on GST tailwinds, while continuing selective price hikes in inflation-hit categories

Wipro banks on consulting business for deeper client engagement

Wipro rolls out a consulting-led, AI-powered operating model to deliver end-to-end enterprise transformation and faster ROI from digital and AI initiatives

Piramal Pharma flags early recovery signs in CDMO demand as Q3 loss widens

The company attributed the weaker performance largely to continued inventory destocking in one of its large on-patent commercial products, affecting its CDMO business

Eruditus partners with foreign universities to set up campuses in India

Eruditus partners with seven global universities to launch campuses in India from 2026, offering internationally recognised degrees amid shifting student mobility trends

Canara Bank Q3 results: Net profit up 25.6% on rise in non-interest income

Canara Bank's Q3FY26 profit rose 25.6% driven by non-interest income, but shares slid nearly 5% as NII growth stayed muted and margins narrowed

Nalwa Aero inks pact with 3 helicopter players to launch low-cost air taxis

As part of this strategic collaboration, signed at the ongoing Wings India aviation show in Hyderabad, Himalaya Heli Services has placed pre-orders for Nalwa's upcoming eVTOL aircraft

Air India orders 30 additional Boeing jets, taking total orders to 250

Air India converts order for A321neos to A321XLRs

Dow to cut 4,500 jobs, flags weak Q1 revenue amid sluggish demand

Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management for $2.4 billion to focus more on its chemicals business

ACKO Life Insurance to exclusively focus on pure protection products

ACKO Life Insurance shifts to a pure term-only model, aiming to curb mis-selling and tackle India's under-insurance by keeping life cover simple and protection-focused

Peninsula Land banks on plotted development for next phase of growth

Peninsula Land launches Peninsula Estates to tap rising demand for plotted developments, with new projects planned in Karjat and Alibaug near Mumbai

Persistent Systems eyes expansion in Europe, to cut reliance on US market

Persistent Systems plans to scale up its Europe business to diversify revenues away from the US, as macroeconomic uncertainty, muted IT spending and sector-wide volatility continue to challenge growth

'Three days don't define 20 years': IndiGo CEO on 2025 flight chaos

Elbers said swift corrective measures helped stabilise operations within nine days, as the airline resumed carrying nearly 3.7-3.8 lakh passengers daily

Voda Idea charts turnaround with ₹45,000 crore push as 'AGR fog' lifts

KM Birla says AGR overhang resolution a turning point for telco's revival

Promoters of Pramerica Life Insurance look to sell their major stake

Promoters of Pramerica Life Insurance are in talks with multiple insurers to sell their entire stake, amid losses and constraints on fresh capital infusion