Company News

Nexus Select Trust to acquire Kolkata's Diamond Plaza mall for ₹347.5 cr

Acquisition of Diamond Plaza in Kolkata will help Nexus Select Trust expand its footprint in eastern India and strengthen its retail portfolio

Investment in research, innovation key to true 'Atmanirbhar': Uday Kotak

Underscores need to strengthen "middle manufacturing", describing it as a missing link in India's industrial ecosystem

Visa's Sandeep Ghosh to step down as India, South Asia country manager

Ghosh took over the role of country manager from T R (Ram) Ramachandran in March 2022

Coforge appoints Sunil Fernandes as COO to lead delivery, AI push

Fernandes to oversee global delivery and key operations, with a mandate to scale execution and accelerate adoption of AI-native practices across engineering and internal systems

Tata Steel India clocks record crude steel production of 23.48 mt in FY26

Output rises 8 per cent year-on-year on Kalinganagar ramp-up, with domestic deliveries crossing 20 mt for the first time and strong growth across segments

Cred revamps Kuvera app to deepen wealth-tech play, targets investors

Fintech firm upgrades Kuvera with new tools to improve investment discipline and performance, targeting affluent users with long-term portfolio management features

Tough summer ahead, but growth in line of sight, says Blue Star MD

Unseasonal rains and West Asia conflict may hit demand and costs, but Blue Star expects 20 per cent growth backed by strong long-term AC market expansion

Savills acquires majority stake in Hotelivate to expand APAC advisory

Deal aims to build a unified hospitality advisory platform across Asia Pacific, combining Hotelivate's sector expertise with Savills' global real estate capabilities

Birla Estates clocks over ₹1,600 crore in bookings at Gurugram project

Nearly 97 per cent of the residences - 152 of 156 units - have been sold, underlining strong buyer confidence in the brand's luxury developments in Gurugram

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