Company News

LIC, GQG signal interest in ₹24,930 crore Adani Enterprises rights issue

LIC and GQG Partners have indicated interest in subscribing to Adani Enterprises' rights issue, with RE trading active and most applications expected closer to the December 10 deadline

Biocon board to weigh BBL stake buyout, fundraising options on December 6

Biocon's board will meet on December 6 to consider acquiring Biocon Biologics shares from minority investors through cash or a share swap, and to approve fundraising options such as QIP, rights issue

Zaggle acquires Rivpe Technology for ₹97 cr to expand Rio.Money payments

Zaggle will acquire Rivpe for Rs 22 crore and invest Rs 75 crore in the latter's brand Rio.Money to support product enhancement and expansion of consumer payment offerings

Indian IT services majors emerge as key bidders for US Bancorp's GCCs

Indian IT majors vie for mandate as American bank plans insourcing rampup

BorderPlus to send 1,000 Indian nurses to Gulf Cooperation Council by FY27

GCC healthcare ecosystem projected to require over 50,000 additional nurses by 2027, says BorderPlus CEO

Tsugami launches ₹300 cr Chennai plant, boosting precision engineering

Tsugami has inaugurated a Rs 300-crore assembly and foundry unit near Chennai-its largest machine-tool investment in India-boosting local jobs and strengthening high-precision manufacturing

VinFast to expand facility for electric two-wheelers, buses in Tamil Nadu

VinFast will invest an additional $500 million to expand its Thoothukudi facility for electric bus and e-scooter manufacturing, under a new MoU with Tamil Nadu

LIC partners with Yes Bank to expand reach through new bancassurance deal

LIC has entered a bancassurance partnership with Yes Bank, giving customers wider access to its life insurance plans as both institutions work toward the "Insurance for All by 2047" vision

ASG Eye Hospital to invest ₹2,000 crore, scale to 600-700 centres

ASG Eye Hospital will invest Rs 2,000 crore to expand from 175-plus centres to 600-700 by 2030, using acquisitions, new hospitals and district centres, backed by investors

NephroPlus plans global scale-up ahead of IPO amid rising CKD burden

India's largest dialysis provider plans to expand clinics at home and abroad ahead of its December 10 IPO, betting on rising CKD burden and demand for accessible dialysis care

Dream11 making a 'hard pivot' to sports entertainment space: CEO Jain

Dream11 is shifting from fantasy gaming to a second-screen sports entertainment platform, betting on ads and paid shoutouts to creators, CEO Harsh Jain said, after the Centre's ban on real money games

British American Tobacco plans to offload stake in India's ITC Hotels

Dec 4 (Reuters) - British American Tobacco is looking to offload its stake in India's ITC Hotels, it said on Thursday, through an accelerated bookbuild process

Nexus raises $700 million fund to back AI, consumer, fintech startups

Nexus Venture Partners has closed its $700-million Fund VIII to invest in early-stage AI, enterprise software, consumer and fintech startups across India and the US

Ultraviolette raises $45 million from Ferrari-investor Lingotto, Zoho

EV two-wheeler maker Ultraviolette has raised $45 million in its Series E round from Zoho and Exor's Lingotto, as it scales production, advances battery tech and prepares for an IPO by FY28

Dream11 exits fantasy gaming, pivots to sports-entertainment platform

The redesigned platform will offer creator-led live match watch-alongs, features for fans to react and exchange comments in real time, and free-to-play fantasy sports

BofA sees Nifty at 29,000 in 2026 as earnings drive market returns

Bank of America has set a Nifty target of 29,000 for 2026, saying limited valuation upside means returns will hinge on earnings growth, with large-caps expected to outperform mid- and small-caps

Airtel-Nokia partnership to help developers create new revenue streams

The collaboration will enable the developer community to seamlessly build advanced solutions leveraging the Airtel network's robust capabilities such as Al, 5G, edge computing and more

Zepto brings 'slotted' delivery to quick commerce users in select locations

Zepto has introduced a slotted delivery option in a pilot across select locations including Delhi and Bengaluru, letting users schedule orders for a same-day time window alongside instant delivery

IndusInd Bank denies report of talks to bring in strategic partner

IndusInd expects to grow in line with the country's banking sector next year, its chief executive said last month, following efforts to clean up its books

Nearly 54% IndiGo flyers complain about timeliness, staff behaviour: Survey

A LocalCircles survey of IndiGo flyers, conducted against backdrop of social media complaints about service standards, highlights punctuality and staff behaviour as biggest pain points for passengers