Company News

Allied Blenders & Distillers appoints Amar Sinha as managing director

ABD appoints Amar Sinha as managing director as Alok Gupta's tenure nears end, aiming to drive growth and transformation in India's premiumising spirits market

Large state run banks see healthy loan grwoth in FY26, beat deposits

State-owned banks PNB and Central Bank of India report strong double-digit credit growth in FY26, with advances rising faster than deposits across lenders

RBI clears Emirates NBD's $3 billion acquisition of up to 74% in RBL Bank

RBI approves Emirates NBD's plan to acquire up to 74% stake in RBL Bank for $3 billion, granting key regulatory relaxations and paving the way for the largest foreign bank investment

Govt plan to levy data tax may earn nearly ₹30K cr in revenue: IIFL Capital

₹1/GB data tax could fetch ₹30,000 crore but raise mobile bills by up to 20%, says IIFL; proposal may face pushback over regressive impact

Suzuki Motorcycle sees FY27 domestic growth below 7-8% amid cost pressures

Suzuki Motorcycle India expects FY27 domestic growth below earlier estimates as rising commodity costs and global uncertainty from West Asia conflict weigh on demand

Emami to fully acquire Axiom Ayurveda, eyes growth in beverage segment

Emami will acquire full control of Axiom Ayurveda in a phased deal exceeding Rs 300 crore, strengthening its presence in health, wellness and the fast-growing beverage segment

Mahindra to raise SUV, commercial vehicle prices by up to 2.5% from April 6

The company attributed the latest price hike to a combination of cost escalations

Emcure slashes obesity drug Poviztra price by up to 55% amid competition

Emcure cuts Poviztra prices by up to 55% following Novo Nordisk's move, lowering monthly treatment costs for semaglutide-based obesity therapy in India

Chandrasekaran asks Tata group heads to brace for West Asia conflict impact

According to a PTI report, the Tata Group chairman asked over 30 CEOs and MDs to prepare for a tougher business environment, and to manage spending and review project starts

TVS Venu Group to acquire PGIM India's asset management business

TVS Venu Group signs definitive agreements to acquire PGIM India's asset management business from Prudential Financial, subject to regulatory approvals and closing conditions

LG Electronics crosses one million AC sales in Q1 2026 amid strong demand

LG Electronics India crosses one million AC sales in Q1 2026, marking its fastest summer start, driven by early product launches, strong demand and supply chain efficiency

TotalEnergies, Masdar to form $2.2 billion renewable JV for Asia

TotalEnergies and Masdar to set up $2.2 billion JV to develop solar, wind and storage projects across nine Asian markets, combining existing assets and future pipeline

Airtel crosses 650 mn users, cements spot as world's second-largest telco

Bharti Airtel strengthens its global standing with 650 million users across India and Africa, while expanding into digital services, financial products and satellite communications

Franklin Templeton MF launches Sapphire Equity Long-Short SIF strategy

Franklin Templeton MF launches its first specialised investment fund, Sapphire Equity Long-Short SIF, using a quantitative strategy with selective shorting to manage downside risks

Mahagun Group secures ₹225 crore from CSL Finance to speed up delivery

Mahagun Group raises Rs 225 crore from CSL Finance to accelerate construction and improve liquidity, following its recent exit of Blackstone-backed ASK Property Fund

No windfall tax on diesel, ATF exports from Reliance SEZ refinery

Judicial rulings shield SEZ refinery as govt reimposes export levies

JioBlackRock CEO Marc Pilgrem to exit, Swapnil Bhaskar to take charge

Marc Pilgrem will step down from JioBlackRock Investment Advisers and return to BlackRock, with Swapnil Bhaskar set to take over as CEO as the venture expands its digital wealth platform

SAIL chief Amarendu Prakash resigns; Krishna Kumar Singh gets interim role

In a filing to the BSE, SAIL said that Prakash tendered his resignation notice to the ministry on January 2

Iran war has fuelled 15-20% spike in solar module prices: SAEL CEO

Solar module prices have risen up to 20 per cent amid supply disruptions, rising freight costs, and higher metal prices triggered by the Iran conflict

Alkem Labs to increase investment to ₹1,036 crore for new unit in Ujjain

Earlier, the company had stated that it has received allotment letter from DMIC Vikram Udyogpuri, for allotment of 30 acres land for setting up of greenfield formulations manufacturing unit at Ujjain