Company News

Bracing for a flood of semaglutide generics, Novo holds the price line

Novo Nordisk says competition in semaglutide will be driven by science and quality, not pricing, as multiple generic versions prepare to enter India after patent expiry

ReNew Energy set to secure $800 million refinancing loan this year

The five-year facility will be priced at about 185 basis points over the benchmark Secured Overnight Financing Rate, the people said. Final terms may change

BlackSoil Capital raises ₹200 crore from Danish DFI Impact Fund Denmark

Funds will support climate-aligned lending and expand credit access in Tier-II and Tier-III markets, with a focus on women-led businesses and underserved sectors

KKR to invest up to $310 million in PMI Electro, buy stake in Allfleet

KKR will acquire a majority stake in Allfleet and a minority holding in PMI Electro

Axis Bank to infuse ₹1,500 cr into Axis Finance after RBI's approval

Move follows RBI approval and revised norms, allowing banks to fund NBFC subsidiaries; Axis Finance may list after becoming upper-layer NBFC

Godrej Properties acquires 20 acre land parcel in Bengaluru, eyes ₹1,350 cr

Company plans to develop a premium residential project in Whitefield with an estimated revenue potential of ₹1,350 crore

Burger Singh raises ₹82 crore in funding round led by Artal Asia

The Series B funding round also saw participation from new and existing investors, including Negen Undiscovered Value Fund, and Aurum Rising India Fund

Licious focuses on micro-markets to scale growth, expand dark stores

Licious is focusing on micro-markets within cities to drive growth, planning to scale dark stores and deepen presence in high-demand neighbourhoods

Godrej Properties acquires 20 acre land in Bengaluru, eyes ₹1,350 crore

The company plans to develop a premium residential project on this site with an estimated revenue potential of approximately ₹1,350 crore

Hard Rock Cafe to remain open; JSM rejects closure, plans legal action

The company added that it remained committed to protecting the interests of all stakeholders, including circulating credible and accurate information to the public

Now, Infosys nudges managers to use more AI to spur revenue growth

IT services firms are pushing managers to deploy AI tools in client work to boost productivity, improve efficiency and drive revenue growth amid a prolonged demand slowdown

Iran war: Concor slashes storage-related charges in relief for exporters

Customs allows foreign liquid bulk cargo to be stored at Indian ports

Apple overshoots iPhone production target under PLI scheme by 80%

Based on preliminary estimates with the government, the production value in FY26 is estimated to hit ₹227,000 cr, which is an increase of more than 24% over the previous financial year's ₹183,000 cr

NCLT clears Adani's ₹15K cr JAL resolution plan, rejects Vedanta challenge

NCLT approves Adani Enterprises' Rs 15,000 crore resolution plan for Jaiprakash Associates, dismissing Vedanta's objections and paving the way for takeover

Emergence to set up autonomous AI research lab in India, plans 500 hires

New York-based Emergence will set up a Bengaluru AI lab focused on autonomous agents, aiming to expand frontier research, collaborate with IISc, and hire about 500 scientists

L Catterton India's consumer focus fund to raise another $200 million

L Catterton's India consumer-focused fund has raised $200 million and aims for $400 million, with a $200 million greenshoe option to scale investments further

Tata Steel to merge NINL; approves up to $2 bn infusion in Singapore arm

The merger would also consolidate long products assets under a single entity, unlocking opportunities to create shareholder value, the company said

Audi to rethink product lineup after clarity on FTA duties: India head

Audi India may revise its product strategy once clarity emerges on import duty cuts under the India-EU FTA, potentially expanding its model range across segments

₹1.65 trillion investment seen in India's transmission infra: Godrej

India's transmission infrastructure may see Rs 1.65 lakh crore investments over three years, creating significant EPC opportunities across substations, railways and renewables

Maruti Suzuki gets ₹5,786 crore income tax order, says will appeal it

There is no impact on financial, operation or other activities of the company due to this order, it added