Company News

Magnum Ice Cream Company completes 61.9% stake buy in Kwality Wall's

TMICC completes acquisition of majority stake in Kwality Wall's India from Unilever, with mandatory tender offer underway and listing to continue on Indian bourses

Retail portfolio quality improves in Jan; war impact under watch: CIBIL CEO

Lenders must engage with customers on credit usage, as they did during the pandemic: Bhavesh Jain

Vedanta tells SC its revised bid for bankrupt JAL tops Adani Group's offer

In a petition contesting the lenders' choice to approve Adani's bid, Vedanta argued that its updated proposal offered nearly ₹3,400 crore more in overall value

IndiGo appoints William Walsh CEO to steer growth, stabilise operations

Former IATA chief to take charge from August as airline looks to stabilise operations and drive global expansion following recent disruption and leadership change

Kerten Hospitality forays into India, eyes 1,000 keys in expansion push

Takes a partnership approach to establish presence, actively working with asset owners

upGrad bets big on offline learning centres, targets 50 in 12 months

Edtech firm plans to scale its offline footprint to 50 centres in 12 months, focusing on Tier-II and Tier-III cities amid rising demand for job-ready skills

Signature Global, RMZ complete ₹1,293 cr deal to fund Gurugram project

RMZ acquires 50 per cent stake in subsidiary GCL; partners form joint venture to develop large mixed-use commercial project on Gurugram's Southern Peripheral Road corridor

Razorpay rolls out biometric authentication to boost payment success rates

Company partners Mastercard, with Visa integration underway, to replace OTPs with biometrics, aiming to improve security and boost transaction success rates

Flight disruptions, CEO exit, new boss: IndiGo's turbulent few months

IndiGo's December flight disruption triggered regulatory action, fare caps and leadership changes; the airline has now brought in aviation veteran Willie Walsh as CEO to steer recovery

Brookfield India REIT names Shashank Jain as CEO, Alok Aggarwal to retire

Jain, joining from PwC India, will take charge from July 2026 as current chief Alok Aggarwal retires after leading the REIT since its inception in 2021

IndiGo appoints former British Airways chief William Walsh as CEO

IndiGo has appointed aviation veteran William Walsh as CEO. He will join the airline by August 3

Samman Capital to diversify, targets top 3 NBFC rank by FY29

IHC to become promoter via Avenir Investment with 63.3 per cent stake post open offer; lender plans expansion beyond mortgages, scaling products, branches and customer base

Magnum Ice Cream acquires 61.9% majority stake in Kwality Wall's India

Pursuant to this transaction, the Incoming Promoter has acquired control over the company and is classified as a "promoter" of the company in accordance with the Listing Regulations

Lupin gets tentative nod from USFDA for generic Sugammadex injection

It is used for the reversal of neuromuscular blockade induced by rocuronium bromide and vecuronium bromide in adults and pediatric patients aged 2 years and older undergoing surgery

Unilever imposes global hiring freeze citing West Asia conflict impact

The London-based company said in a statement that it had introduced a temporary pause on recruitment due to an 'uncertain external environment,' adding that it would adjust plans as needed

India's best unlisted companies: MNC subsidiaries among best-managed firms

MNC-backed firms dominate India's top unlisted companies, combining strong growth and financial discipline, though domestic players are gaining ground

In pursuit of profit, India Inc slows R&D as innovation takes back seat

Companies' R&D spending hit a decadal low in FY25 as most of them prioritised record shareholder payouts over critical technological innovation

Diversify and grow: Indian businesses expand beyond home turf, face risks

While horizontal expansion fuels growth and domestic dominance, these capital-intensive ventures often lack immediate returns, risking resource dilution and a loss of global strategic focus

Future Wealth launches $50 mn fund to back founders across India, UAE

Singapore-based Future Wealth Investments unveils a $50 million venture fund to support early-stage founders across India, UAE and Singapore in sectors such as AI and logistics

Bharti Airtel, Carlyle, Alpha Wave to invest $1 billion in Nxtra Data

Consortium investment to value Nxtra at $3.1 billion as Airtel scales AI-ready data centres and targets 1 GW capacity amid rising demand for digital infrastructure