Company News

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

Nazara Technologies to raise ₹500 crore via preferential warrants

Gaming firm plans Rs 500 crore fundraise via preferential warrants to back acquisitions such as Bluetile and BestPlay and accelerate growth across business verticals

Venu Srinivasan returns as chairman and MD of Sundaram Clayton

Leadership reshuffle sees Venu Srinivasan return as chairman and MD after R Gopalan steps down, with recent CEO transition also reshaping the company's top management

CoinDCX sets up ₹100 crore fund for customer education after arrest

Crypto exchange launches Digital Suraksha Network to boost fraud awareness, investor education and law enforcement support after co-founders' wrongful arrest

Flipkart appoints Smita Ojha, Amit Sharma as VPs to scale tech operations

The appointments are aimed at scaling the company's core technology and fuelling long-term value creation, Flipkart said in a statement

Golden Growth Fund aims to liquidate two projects, buy land in FY27

Real estate AIF plans to exit two independent floor projects and acquire land parcels in South and Lutyens' Delhi, amid rising luxury housing demand and price appreciation

myHQ by Anarock eyes Dubai, London expansion despite West Asia conflict

Firm targets Rs 500 crore revenue in five years after pivot to marketplace model, with global expansion plans focused on high-value markets offering long-term growth potential

BlackSoil extends ₹40 crore debt funding to Indifi for SME expansion

BlackSoil Capital invests Rs 40 crore in Indifi to strengthen SME lending capabilities and support expansion of digital credit solutions for underserved businesses

Jubilant FoodWorks to exit Dunkin' India franchise agreement by end-2026

The company will evaluate options including rationalisation of operations or the sale and transfer of franchise rights in consultation with the brand's owners, it said in an exchange filing

Burman family raises stake in Religare Enterprises to nearly 30%

Family crosses 30% stake in Religare Enterprises through open market purchases, with potential to exceed 34% after warrant conversion next year

HLL Lifecare secures ISO 9001:2015 for retail pharmacy operations

HLL's retail pharmacy network spans 239 centres nationwide, including AMRIT Pharmacies, AMRIT Opticals, HLL Pharmacy & Surgicals, and HLL Opticals, according to a statement on Monday

Japan's JFE Steel invests ₹7,875 crore for 25% stake in JSW Kalinga Steel

The investment is the first tranche of JFE's planned stake in JSW Kalinga, with 2,26,94,524 equity shares allotted to the Japanese firm on Monday, JSW Steel said in a BSE filing

CaratLane eyes retail expansion with 40 new stores across India in FY27

The funds needed for the expansion of these stores will be raised internally, Bhaumik said, without mentioning the total capital expenditure for the same