Company News

ASK Property Fund announces Rs 400 cr exit from MMR, Gurgaon investments

Fund exits two residential real estate investments in Mumbai and Gurgaon, realising strong returns with IRRs of up to 21 per cent and healthy investment multiples

India's energy, critical minerals shift pose new challenges: Tata Steel CEO

'The challenge is obvious while we are diversifying our sources of energy and critical minerals, and we must; this diversification is also a layered vulnerability,' Narendran said

High Court quashes petition against Mukesh Ambani & RIL, fines complainant

High Court dismisses complaint over a 23-year-old telecom dispute over defective mobile phone

Glenmark receives USFDA approval for generic progesterone vaginal inserts

Glenmark's progesterone vaginal inserts 100 mg will be distributed in the US by Glenmark Pharmaceuticals Inc, USA, the company said

Sri Lotus to launch ₹8,000 crore luxury coastal projects in Mumbai

Developer plans 11 sea-facing projects across key Mumbai locations, betting on sustained HNI demand and overseas interest despite recent softness in housing sales

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