Company News

Iran war-led deferments drag Lodha Developers' FY26 pre-sales below target

The company expects to reduce business development investments over the next 24 months and increase free cash flow

Shapoorji Pallonji group gets relief on $3.4 billion private credit

Its financing arm, Porteast Investment, will temporarily raise its loan-to-value limit to 40 per cent from 34 per cent for four months through July 15

Air India CEO steps down: Inside the turbulence airline is facing

Air India's CEO Campbell Wilson has reportedly stepped down as the airline deals with financial losses, safety concerns, regulatory scrutiny and flight disruptions linked to the West Asia conflict

Lodha Developers' pre-sales up 23% at ₹5,890 cr in Q4, misses annual target

During the full 2025-26 fiscal, the company's sales bookings rose 16 per cent to ₹20,530 crore from ₹17,630 crore in the preceding year

Biocon seeks to be the top global insulin player as rivals turn to GLP-1

Company plans to leverage capacity gaps and pricing dynamics in insulin as global pharma majors shift focus to GLP-1 therapies amid rising diabetes burden

CBI flags ₹73,000 cr fraud in Anil Ambani Group probe; ED flags IBC issues

After reviewing the status report filed by the CBI and its financial investigations counterpart, the Enforcement Directorate (ED), the apex court issued an order on March 23

Nykaa in talks to acquire stake in Deepika Padukone's skincare brand 82°E

The development, overall, signals Nykaa's continued focus on expanding its portfolio of in-house and partnered brands, particularly in the fast-growing beauty and personal care segment

Wipro bags $1 bn Olam deal in one of its largest wins, to also buy IT arm

Eight-year deal with Singapore's Olam Group boosts revenue visibility and AI-led capabilities, alongside $375 million acquisition of IT arm Mindsprint

Vinay Tonse takes charge as YES Bank CEO, outlines growth roadmap

New CEO Vinay Tonse outlines a four-pillar strategy centred on people, products, processes and technology to drive growth and strengthen YES Bank's operations

Max Estates FY26 pre-sales dip slightly despite strong Q4 demand

Developer reports marginal dip in annual pre-sales, but Q4 bookings surge on new launches, with strong pipeline and steady collections supporting growth outlook

Hyatt ties up with Brigade Group for Hyatt House Bengaluru Devanahalli

Hyatt signs deal with Brigade Group to develop 135 serviced apartments in Devanahalli, targeting business and leisure travellers near Bengaluru airport and tech corridor

BMW overtakes Mercedes in Q1 as luxury car market shows flat growth

BMW Group India leads quarterly registrations over Mercedes-Benz as luxury car demand plateaus, with EV segment growth providing a limited boost

Aurobindo Pharma sets April 12 as record date for ₹800 crore buyback

Company to repurchase up to 54.24 lakh shares at Rs 1,475 apiece through tender offer route, with promoters also eligible to participate in the buyback

Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending

Doug Kehring will step down as Oracle's principal financial officer following the appointment and will return to focusing on the company's go-to-market operations

Nykaa projects strongest net revenue growth in three years in Q4FY26

This update made the firm's stock price surge by 3 per cent in early trading hours. The stock closed at Rs 252.65 per share, up 2.72 per cent from the previous close

Bajaj Alternate Investment Management secures PMS licence from Sebi

The move would help Bajaj Alts expand its footprint in listed equities

Razorpay partners OpenAI to enable instant payments in AI-built apps

Integration with Codex allows developers to embed payments instantly, enabling AI-built apps to monetise faster as Razorpay expands into agentic commerce and conversational payments

Aristo Pharmaceuticals buys office space for ₹111 crore in Andheri West

Pharma firm acquires office units in Parinee I building as Mumbai office market sees rising absorption, lower vacancies, and steady growth in rentals

SC says JAL resolution subject to NCLAT outcome; next hearing on April 10

Top court directs Vedanta and other parties to present contentions before NCLAT; JAL monitoring committee also directed to not take major steps without tribunal approval

TDI Infratech to invest ₹750 crore in 150-acre township project in Ludhiana

In the township, the company said it will build luxury group housing, residential plotted developments and low-rise independent floors, targeting both end-users and long-term investors