Company News

MUFG Bank acquires 20% stake in Shriram Finance for Rs 39,618 crore

Japan's MUFG Bank picks 20 per cent stake in Shriram Finance in one of the largest cross-border deals, boosting capital and growth prospects

Magicpin raises Rs 15 cr debt from Stride Ventures to deepen AI play

The venture debt route allows Magicpin to raise capital without significant equity dilution

Reliance Retail 7th among top 100 VC-backed private firms globally: Study

Reliance Retail ranks 7th globally among private firms, as India places three companies in the top 100 dominated by AI giants

Flipkart accelerates AI push across business as it shifts to execution

E-commerce company moves to operationalise AI use cases at scale under senior leadership

Equinix opens fourth Mumbai data centre with $95 million investment

Equinix launches MB3 in Mumbai with $95 million investment, boosting capacity to support AI, cloud and digital infrastructure demand in India

Vedanta chief Anil Agarwal calls for scale, policy push in iron ore mining

Vedanta Chairman Anil Agarwal calls for scaling up iron ore production and policy reforms to support India's 300 mt steel capacity ambition

Adani Group to invest ₹33,081 crore in Odisha across three projects

Adani Group will invest Rs 33,081 crore in Odisha across power, cement and data infrastructure projects, creating nearly 10,000 jobs and supporting the state's long-term economic growth plans

Permira to invest $100 million in SILA to back expansion, tech push

Permira to invest $100 million in SILA to support technology-led expansion and strengthen its presence across India's built-environment services ecosystem

Higher fuel prices, ethanol push may accelerate EV shift: BMW India

Rising fuel prices, higher ethanol blending and improving EV ranges could accelerate electric vehicle adoption in India, says BMW Group India chief

Hilton to open 125 Hampton hotels across India under franchise deal

Hilton signs franchise agreement with Royal Orchid Hotels to launch 125 Hampton hotels across India, strengthening its presence in the midscale hospitality segment

Max Healthcare acquires 58.4% stake in Kalinga Hospital for ₹300 crore

Max Healthcare enters eastern India with Kalinga Hospital acquisition, adding 250 beds and expanding its network through a Rs 300 crore deal

Future Consumer reports ₹615 crore default on loans, interest payments

The firm has an outstanding total default of ₹290.41 crore, over loans from unlisted debt securities -- NCDs and NCRPs, for the same period

MMTC-PAMP launches first organised silver buyback service across cities

MMTC-PAMP currently operates 17 gold recycling stores in India and aims to extend its silver buyback service across these centres

Japan's MUFG Bank acquires 20% stake in Shriram Finance for ₹39,618 cr

The transaction represents the largest cross-border investment in India's financial services sector

Hilton, Royal Orchid tie up to open 125 'Hampton by Hilton' hotels by 2035

Hampton by Hilton is the company's largest brand by number of hotels in the upper-mid scale segment globally

Hemant Badri to lead Flipkart's AI push as CEO outlines next-decade vision

Badri will focus on identifying and operationalising the business use cases where Al can drive the most impact

US court accepts Adani's plea seeking dismissal of SEC fraud case

The US SEC sued Gautam Adani and his nephew Sagar Adani in November 2024, alleging they misled investors by failing to disclose an alleged bribery scheme involving Indian state officials

Hyundai Motor India to hike prices by up to 1% from May amid cost pressures

The company has planned to increase the prices of its cars up to 1 per cent across the portfolio, effective May 2026

Adani seeks dismissal of US SEC fraud case, cites lack of jurisdiction

Lawyers for the Indian billionaire and his nephew Sagar said in a letter to a federal judge that they will formally seek to dismiss the case by the end of the month

Trading ban upends State Bank of India's $5 billion short, forces unwind

State Bank of India (SBI) is estimating losses of about ₹3 billion ($32 million) from the forced unwinding of these trades, the people said, asking not to be identified discussing confidential details