Page 11 - Company News

PhonePe launches Tatkal NPS, lets users open pension accounts with ₹250

The new facility allows users to open government-backed NPS accounts digitally with contributions starting at Rs 250, using existing bank KYC details and one-time OTP authentication

India's diesel export boom set to ease global fuel shortages in 2027

New refining capacity will boost diesel supplies from India, helping ease global shortages as geopolitical conflicts disrupt fuel flows

Amazon expects India EV fleet to cross 20,000 vehicles over next year

Amazon plans to expand its electric vehicle fleet from over 15,000 currently, while partnering with Tata Motors to deploy 3,000 electric trucks and boost charging infrastructure

India Game Developer Conference returns to Chennai for its 18th edition

The four-day event, beginning October 28, will bring together over 10,000 attendees and 90 speakers, with a focus on indie game development, investment and innovation

Tata Motors' Iveco bid crosses 80% threshold as acceptances hit 87.81%

Provisional acceptances under the €3.91 billion offer reached 87.81 per cent of Iveco's share capital, clearing the revised minimum threshold of 80 per cent

Amazon plans 3,000 electric trucks with Tata Motors for India logistics

The rollout will begin in Delhi and later expand to key highways, with Amazon targeting electrification of the 2,800-km Delhi-Bengaluru-Chennai freight corridor

Agilisium shifts Asia HQ to Hyderabad; eyes $500 mn revenue in 5-7 yrs

The life sciences technology company plans to move its Asia headquarters from Chennai as it targets about 5,000 specialised professionals and $500 million in revenue over five to seven years

L&T secures ₹5,000 crore-plus orders for Dhaka Metro Line 1 systems

The company will execute key track and electrical packages for Bangladesh's first underground metro project, along with Sumitomo Corporation

Coal India spends ₹7,996 crore in H1 FY27, exceeds capex target by 9%

The state-owned miner achieved 109 per cent of its first-half capex target, with mine infrastructure, land acquisition, machinery and diversification driving spending

Anup Bagchi takes charge as HDFC Bank CEO and MD, succeeds Jagdishan

His predecessor, Sashidhar Jagdishan, vacated office on Monday after the completion of his term, the bank informed exchanges

Tata Motors' bid to takeover Iveco clears 80% acceptance threshold

Tata now holds 89.42% of Iveco's common share capital based on provisional results, ‌both companies said

MakeMyTrip swings to $1.8 million profit in Q2 FY27 despite headwinds

MakeMyTrip's gross bookings rose 20.9% in constant currency terms to $2.7 billion, while high airfares and capacity constraints continued to weigh on its air ticketing business.

Bonfiglioli to review royalty arrangement with Indian arm where appropriate

Bonfiglioli plans to build on its Indian manufacturing base through greater localisation, technology development and exports, while remaining open to capacity expansion and strategic acquisitions

Ather reports ₹1.26 cr profit in Sep qtr, plans to further boost capacity

Ather Energy plans to add 225,000 units of annual production capacity by Q2FY28, investing ₹122 crore across its Hosur and Chhatrapati Sambhajinagar plants

Noel Tata challenges resolution to reappoint Chandra as Tata Sons chairman

Noel Tata has challenged the validity of N Chandrasekaran's five-year reappointment as Tata Sons chairman, citing procedural lapses and the absence of the resolution from the meeting agenda

Tata Communications to invest $400-450 million in India AI fibre network

The company will build a 10,000-km network with 7.2 petabytes of capacity across key data centre and AI hubs, with meaningful revenue contribution expected from FY28-29

HCL opens 2 development centres to support Rapidus' chip engineering needs

The centres, located in Bengaluru and Hubli, will draw on HCLTech's core engineering expertise to offer Rapidus a range of capabilities

Bharat Petroleum expects Russian crude purchases to fall in November

Russian volumes in November would be lower because West Asian grades are more commercially viable compared to Russian grades, Vetsa Ramakrishna Gupta, BPCL's head of finance said

L&T Technology Services, Nokia sign deal to support engineering in India

The contract brings together LTTS' engineering capabilities with Nokia's telecommunications technology work

L&T Tech Services bags five-year Nokia contract to support R&D in India

The partnership will establish a dedicated offshore development centre in India, with work spanning 5G networks, AI-driven operations, software development and next-generation telecom infrastructure