Page 10 - Company News

TCS launches fully automated Pune facility to advance AI-led manufacturing

A lights-out factory refers to a manufacturing facility where autonomous systems operate production lines with minimal human intervention

Axis Bank may split staff across Mumbai as it rebuilds headquarters tower

The lender has failed to find a single office large enough for the roughly 3,000 people currently housed at the eight-storey Axis House building in Worli

Adani plans $2.5 bn refinancing in India's biggest offshore loan this year

Endeavour Trade and Investment Ltd., a Mauritius-based special purpose vehicle owned by Adani family, aims to raise $1.5 billion through a bridge loan with a tenor ranging from 18 months to 24 months

Jio Payment Solutions launches cross-border payments for Indian exporters

The Jio Financial Services Limited subsidiary said the launch follows authorisation from the RBI to operate as a Payment Aggregator for Cross-Border transactions

L&T secures large offshore order from ONGC for west coast projects

L&T Energy Hydrocarbon Offshore has secured a ₹2,500-5,000 crore order from ONGC for additional development of the Ratna-I and NLM-14 offshore projects off India's west coast

Adani Airports to raise $1 billion from Temasek, BlackRock, Premji Invest

Alpha Wave Global, Premji Invest, Temasek and BlackRock-managed funds will invest in three tranches; investors will collectively hold about 5.54 per cent in AAHL

JSW, Skoda-Volkswagen sign MoU for 51:49 India JV, deal by December

The proposed JSW-Skoda Volkswagen venture will cover mass-market ICE, hybrid and electric vehicles, with a binding agreement targeted by December

Paytm bets on workplace AI agents as it looks beyond payments for growth

The company will start selling AI agents to enterprise customers, betting on rising demand for such bots that can automatically handle a variety of workloads and tasks with minimal supervision

Coforge chairman resigns after audit finds concerns in board evaluation

Bhatt, who previously served as chairman of India's largest lender, State Bank of India, was appointed chair of Coforge's board in 2024 with a term due to finish in April 2027

Kuku Technologies plans 1,000 hires for AI-powered content production

The mobile-content company is building an AI-native production unit to cut costs and accelerate the creation of micro-dramas for India and global markets

Jio-bp, DRIVN in pact to explore charging solutions for commercial EV fleet

It brings together DRIVN's commercial EV leasing capabilities and Jio-bp's charging network to address the evolving needs of fleet operators and support the expansion of commercial electric mobility

Ferrero Rocher eyes double-digit India growth, bets on premiumisation

Chocolate maker aims to outpace the domestic market this festive season, backed by premiumisation, wider retail distribution and demand across gifting occasions

'Credit card growth will come from credible, smaller banks beyond top 5'

Gautam Aggarwal explains the opportunity for credit cards in the country, elucidates his strategy on services, and addresses his thoughts on a potential linkage to home grown payments network UPI

Minda Corp targets ₹1,500 cr export, eyes growth in electric vehicles

The auto-component maker expects global growth to be led by instrument clusters, wiring harnesses, EV components and electronics as it increases four-wheeler penetration

Adani leads ₹37,500-cr coal gasification scheme with three urea bids

Centre's coal gasification scheme receives seven applications in its first bidding round, with four projects targeting urea production and others focused on syngas and DRI

Cards a key proposition in the affluent segment, says Suresh Sethi

Suresh Sethi, who took charge as Visa's group country manager for India & South Asia in April this year, addresses the growth challenge for cards amid the growing dominance of UPI

Jefferies sees $60-bn defence opportunity, starts coverage on two firms

Brokerage expects domestic defence capital expenditure to grow at a 16% CAGR through FY30 and initiates coverage on Solar Industries and Astra Microwave with 'Buy' ratings

Reliance plans first local debt sale after 3 years with $1.32 bn fundraise

The oil-to-telecom conglomerate plans to raise ₹12,500 ‌crore through a sale ​of five-year notes, at ​an annual coupon of 7.47%, and is set to invite bids ​from investors in the week ending Sept 18

India's ecommerce market looks at AI to drive next leg of growth

Executives says customer relevance, responsive supply chains are key

Centre restores 'Sahara Refund Portal' to process 2 million pending claims

The refund mechanism remains digital, paperless and verification-based, with claims processed through Aadhaar e-KYC and matching of depositor, membership and bank-account details with society records