Page 10 - Company News

Amazon Seller Services leases 417K sq ft warehouse in MMR's Bhiwandi

Amazon Seller Services has leased a 417K sq ft warehouse in Bhiwandi for nine years at a monthly rent of ₹1.26 crore, with annual rent escalation of 5 per cent

L&T Vyoma, Fortanix partner on sovereign, secure AI services in India

The partnership will combine L&T Vyoma's sovereign AI infrastructure with Fortanix's data security platform and Nvidia Confidential Computing technology

PhonePe elevates Srijon Biswas as CTO, co-founder Chari to become CPTO

Biswas, who has been with the fintech firm for nearly a decade and previously served as the Head of Engineering, will now lead PhonePe's entire engineering organisation

Tata Group expects auto biz to reach $100 bn in next 5 years: Chairman

Chandrasekaran said Tata Motors Passenger Vehicles Ltd will keep its focus on launching aspirational products for its current consumers

'India remains long-term market for Singapore's Temasek despite volatility'

Singapore's state investor says it remains constructive on India's long-term growth story, citing opportunities in consumer, financial services and healthcare despite exchange rate volatility

Why Flipkart is giving up commission to win more of India's fashion sellers

By removing commission across all fashion price points, Flipkart is betting that better seller economics will bring more brands, products, and shoppers to its platform

Flipkart expands zero-commission policy for sellers across fashion category

The move will benefit about 90,000 fashion sellers by removing commissions across all price points, months after Amazon India cut seller fees to attract more merchants

Piramal Alternatives invests ₹125 crore in JRG Automotive Industries

The investment is the fourth capital infusion by Piramal Alternatives' India Credit Opportunities Fund II, a sector-agnostic fund focused on high-growth mid-market companies

Blue Tokai aims to triple store count in 4 years amid rising competition

Specialty coffee chain plans to add 120 outlets this year, open its first overseas store in Dubai and target profitability by March 2028

Tata Power plans to enter nuclear sector: Chairman N Chandrasekaran

Tata Power targets Rs 1 lakh crore in revenue and Rs 10,000 crore in PAT by 2030, while expanding into nuclear power, battery storage and solar manufacturing in Odisha

State-owned fertiliser firm RCF plans to raise Rs 1,500 cr via FPO

The decision is subject to the receipt of the approval of the shareholders of the company, the Department of Fertilisers, and the Department of Investment and Public Asset Management

DXC Technology's new centre puts India at the heart of its AI push

DXC Technology's new Bengaluru customer experience centre will anchor its AI-led consulting and engineering strategy, with India playing a central role in innovation and delivery

Removed 160K India accounts in 2025 over child exploitative content: Meta

Meta said it removed 160,000 accounts linked to suspected child exploitation and over four million suspicious accounts across Facebook and Instagram

SBI joins global banks to fund Sun Pharma's $11.75 billion Organon buy

SBI is the only domestic bank to participate in the loan syndication

India on Seiko's watch, to be among top 3 markets by end of 2026

Japanese watchmaker Seiko expects India to become its third-largest market by the end of 2026, driven by robust demand and rapid growth in the country's premium watch segment

Swiggy's domestic ownership crosses 50%, becomes Indian-owned entity

Domestic ownership has crossed 50 per cent, paving the way for Swiggy to seek Indian-owned and controlled company status that could enable Instamart to adopt an inventory-led model

CCI approves upGrad's acquisition of Unacademy after months of review

The competition watchdog clears the proposed combination between upGrad and Unacademy, allowing the companies to move towards closing the education-technology deal

Inspira Global completes acquisition of Burger King India operator RBA

Acquisition follows completion of the open offer and regulatory approvals; Inspira Global acquires 41.78 per cent stake, with shareholding set to rise to 48.04 per cent

Udaan reaches restructuring deal as BlackRock plans fresh financing

Existing investors are set to inject about $40 million in equity, while BlackRock is expected to provide up to $50 million through its private-credit platform ahead of Udaan's IPO plans

Premier Energies secures ₹3,011 cr solar cell and module orders in Q1 FY27

Premier Energies received solar cell and module supply orders worth Rs 3,011 crore in Q1 FY27, with deliveries scheduled across FY27 and FY28 as it expands manufacturing capacity