Company News

Nandan Nilekani on the impact of AI: Small firms, not big, to create jobs

Nilekani said large companies would likely become "net job losers" as AI automates routine tasks, while employment would increasingly come from small firms

Emami Agrotech enters packaged snacks, plans ₹750 crore investment

Emami Agrotech has entered the packaged snacks market with its WeMe brand and plans to invest Rs 750 crore over the next three to five years to expand the business

Biocon eyes stronger H2FY27 growth on back of recent US product launches

Biocon expects momentum to strengthen in H2FY27, driven by new US biosimilar and generic launches, improved operating leverage and a favourable product mix

Property Share files for ₹484 crore IPO of its fourth SM REIT scheme

Property Share Investment Trust has filed draft papers for its fourth SM REIT scheme, PropShare Lumina, aiming to raise up to ₹484.68 crore through a fully leased Grade A+ office asset in Noida

Maruti urges govt to launch amnesty scheme for past indirect tax disputes

CFO Arnab Roy calls for an "as-is" settlement mechanism or amnesty option to clear the historical litigation backlog and unlock trapped capital

India needs to boost strategic storage capacity: BP India head Dube

BP India Chairman Kartikeya Dube says India should expand strategic reserves, diversify energy sources and increase domestic oil and gas production to enhance energy security

Telegram founder warns of new cyber abuse method - 'takedown extortion'

Pavel Durov says cybercriminals are exploiting platform moderation systems through 'takedown extortion', putting legitimate online communities across social platforms at risk

Operation Safed Sagar contributed over $24 mn to Indian economy: Netflix

Netflix said Operation Safed Sagar, its biggest India production to date, generated over $24 million for the Indian economy through local hiring, businesses and VFX partnerships

Dabur challenges FSSAI order banning '100%' claims in Delhi High Court

Dabur has moved the Delhi High Court against an FSSAI order directing it to stop selling food products carrying "100%" claims. The matter is likely to be heard on Friday

ITC Hotels sees hospitality as growth engine amid strong domestic travel

ITC Hotels Chairman Sanjiv Puri said rising domestic travel and experience-led tourism are driving hospitality growth, with the company targeting 250 hotels over five years

HomeRun raises $12 mn to expand 60-minute building materials delivery

Nexus Venture Partners led the funding round as the construction materials quick-commerce startup accelerates expansion, months after raising $6.6 million

Eicher Motors leases 4 lakh sq ft industrial space in Chennai for ₹74 crore

The seven-year lease at Casagrand Industrial Park comes as India's logistics and industrial real estate sector records its strongest first-half leasing performance

Microsoft launches Hyderabad data centre, takes India cloud regions to four

The Hyderabad facility strengthens Microsoft's AI-ready cloud infrastructure in India, expanding its presence to four cloud regions as it scales sovereign cloud capabilities

Nazara raises ₹733.5 cr through preferential issue to fund acquisitions

Incoming CEO Raymond Stauffer will invest about ₹583 crore as Nazara strengthens its balance sheet to fund acquisitions, AI-led game development and business expansion

Fisdom founders to exit Groww after wealth business integration

Subramanya SV and Anand Dalmia will exit Groww after completing a planned one-year transition following Fisdom's acquisition and integration into the fintech firm's wealth business

KKR pumps ₹13,188 cr into India expansion, acquires Medicover hospitals

KKR will acquire Medicover India's hospital business in a €1.2 billion deal, strengthening its healthcare portfolio and expanding its footprint across southern and western India

IndusInd Bank lays out 3-year roadmap, eyes industry outperformance by FY29

The lender plans to restore industry-aligned growth in FY27, accelerate expansion in FY28 and outperform peers by FY29 after strengthening governance and its balance sheet

International business to remain key driver for Emcure Pharma in FY27

Emcure expects overseas markets to drive growth in FY27 through product approvals, differentiated offerings and capacity expansion, while domestic business is seen improving

JLL Business Services opens 1.2 lakh sq ft GCC in Hyderabad, eyes expansion

JLL Business Services has launched a 120,000 sq ft global capability centre in Hyderabad's Financial District, with plans to expand the workforce to 1,600 over two years

Chalet Hotels adds two Athiva hotels to pipeline, enters Hyderabad market

The K Raheja Corp-backed hospitality firm adds 381 keys across Hyderabad and Pune under its Athiva brand, taking its total inventory, including the pipeline, close to 5,500 keys