Company News

Govt mulling options to retain 51% stake in PFC post merger with REC

Finance Minister Nirmala Sitharaman had in FY27 Budget announced restructuring of PFC and REC to help achieve scale and improve efficiency in the public sector NBFC space

DoT extends AGR dues reassessment timeline for Vodafone Idea till June

The reassessment was earlier targeted for completion by March 31

Shyam Metalics' Odisha unit sealed over violations of pollution norms

Enforcement action targets multiple units at Rengali plant after repeated non-compliance with air, wastewater and hazardous waste norms despite earlier notices

Intel elevates India region MD Santhosh Viswanathan as head of APAC, Japan

Company veteran to oversee business, brand and customer engagement across Asia Pacific and Japan, marking a key leadership move from India

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