Page 11 - Company News

Axis Bank plans to hire 50 private bankers amid wealth boom in India

Axis Bank plans to add 50 private bankers and launch multiple funds from GIFT City as it expands Burgundy Private to tap India's rapidly growing wealthy client base

Kavach expansion puts ₹50,000 crore train protection market in play

In addition, the companies are targeting export markets, including Southeast Asia, Africa, and West Asia, that may boost their business in the long run

IndiGo beats Air India group in international scheduled flights, seats

IndiGo increased its seats from 7.4 million to 8.6 million

NARCL recovery tally rises to ₹4,192 crore as resolution gains pace

Government-backed bad bank sees sharp rise in resolution pace, acquires Rs 1.62 trillion in stressed debt

Swiggy raises ₹10,000 crore via QIP, cash balance touches ₹17,000 crore

Out of more than 80 investors who showed interest, allocations were made to 61 investors, of which over 15 are new shareholders, according to the company

Quick commerce platform BigBasket targets 50-60% revenue growth in FY26

While BigBasket's overall sales are growing at 5 per cent M-o-M, its customer count is growing at nearly 6-7 per cent

SBI aims to double YONO app users, plans significant investment: Chairman

Setty, the chairman of the country's biggest lender, had expressed confidence in achieving its 3% net interest margin guidance despite the RBI's 25 basis points repo rate cut in the December policy

Godrej Properties sells homes worth ₹2,600 cr in Hyderabad debut year

In January this year, Godrej Properties announced entry into the Hyderabad housing market with the launch of its first project at Kokapet

India can lead global exports via low-carbon ethanol: Triveni Engineering

Triveni is among 2-3 Indian companies exploring SAF production facilities, though no formal board proposals have been submitted yet

IFFCO MD projects 10% growth in FY26 profit amid nano fertiliser woes

K J Patel, a four-decade IFFCO veteran who recently took over from U S Awasthi after his 32-year tenure, outlined a holistic strategy

Pride Hotels targets IPO by March 2026 to fund renovations: Chairman

The Pune-based company, which filed its preliminary papers with markets regulator Sebi in October, is awaiting regulatory approval to float the IPO

Ola Electric begins 'hyper delivery' for 4680 Bharat Cell powered vehicles

This offering is a part of the company's umbrella Hyperservice initiative to deliver a transparent, convenient, and customer-first service experience

SAIL posts 14% growth in sales in Apr-Nov despite price pressures

In November alone, overall sales rose 27 per cent year-on-year, while retail sales surged by 69 per cent y-o-y

Haier targets ₹14,500 crore topline in 2026, plans ₹3,500 crore expansion

Aims for 38% growth driven by ACs and TVs; to expand manufacturing capacity to 4 million units by 2027, creating 12,000 jobs

Tata Steel's expansion pipeline supports favourable post-expansion outlook

Tata Steel is stacking up projects to take domestic capacity to 40 mtpa by 2030, with NINL expansion, downstream additions and pellet supplies, even as near-term steel prices stay weak

With an eye on rivals, Novo Nordisk launches diabetes drug Ozempic in India

With Mounjaro gaining ground, launch comes just three months before Novo loses patent for semaglutide

IndiGo moves Delhi High Court seeking ₹900 crore Customs duty refund

IndiGo has approached the Delhi High Court seeking a refund of over ₹900 crore paid as customs duty on aircraft engines and parts re-imported after repairs abroad, alleging double levy and illegality

Larger HC Bench clears way for export of semaglutide generics by Dr Reddy's

Novo Nordisk's appeal was listed for hearing on Friday before a bench of Justice C Hari Shankar and Justice Om Prakash Shukla

Tata Steel aims to cushion impact of higher iron ore costs after 2030

Tata Steel is boosting upstream options, expanding downstream capacity and improving efficiency to manage higher iron ore costs expected after its captive mines go up for auction in 2030

Novo Nordisk challenges HC order permitting Dr Reddy's semaglutide exports

Novo Nordisk's appeal is listed for hearing on Friday before a bench of Justice C Hari Shankar and Justice Om Prakash Shukla