Page 11 - Company News

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

US court unlikely to reject DOJ bid to drop Adani case, say legal experts

The US Justice Department told the New York court that criminal charges against Adani and others should be dismissed because the conduct occurred abroad and involved foreigners

Physical AI startup Mowito raises $3 million in pre-seed funding round

Funding led by Version One Ventures will help the Bengaluru and Detroit-based startup expand in the US and scale AI foundation models for industrial robot arms

Embassy Developments raises NCD fundraising limit to ₹1,570 crore

Board increases issue size nearly fourfold from ₹400 crore; proceeds may be used for debt refinancing, project construction, working capital and general corporate purposes

Real estate firm K Raheja delays $700 million IPO plan by at least a year

The company now intends to revisit the plan once it has achieved greater scale, potentially allowing it to pursue a larger offering and command a higher valuation

Brookfield-backed Avaada seeks $750 million loan from global lenders

Avaada Group, which includes Avaada Energy, is one of India's fastest-growing renewable energy developers with a portfolio spanning solar, wind and hybrid power projects

BEML ramps up R&D spending by 150% to drive indigenous innovation

BEML is ramping up R&D to develop indigenous technologies across rail, defence and mobility, targeting 35-40 new products and stronger aerospace capabilities

Anti-qcom startup is betting on India's price-conscious millions

CityMall says serving 'the belly of India' will drive its next level of growth

India can emerge as a 'connector economy', says Anand Mahindra

Anand Mahindra says India is well placed to bridge geopolitical blocs, while Group CEO Anish Shah says artificial intelligence will power the conglomerate's next phase of growth

Indian firms remain cautious on AI M&A: Rothschild & Co's Aalok Shah

Rothschild & Co advised on about $5 billion of India deals in 2025, as AI reshapes tech M&A and India becomes a key global investment banking hub

Flipkart approves second employee stock sale after meeting board milestones

The Walmart-owned ecommerce company will allow eligible employees to cash out up to 5 per cent of vested stock options at Rs 713.4 apiece, with payouts scheduled for August

Ola Electric faces insolvency petitions from two suppliers over unpaid dues

The suppliers allege the EV maker's operating arm owes more than Rs 40 crore in unpaid dues and have asked the NCLT to initiate insolvency proceedings

Jubilant FoodWorks posts 14.1% Q1 revenue growth; adds 76 stores

Domino's India posted 2.5 per cent like-for-like sales growth during the quarter as Jubilant FoodWorks expanded its network to 3,712 stores

PhonePe Insurance CEO exits as fintech merges insurance with payments biz

Vishal Gupta, part of PhonePe's founding team, has stepped down as the fintech integrates its insurance business with its consumer payments business

TVS Apache crosses 7 mn customers, marks milestone with new campaign film

TVS Motor Company marked the milestone with the launch of its 'Tu Race Laga' campaign, highlighting Apache's racing heritage and presence across 90 countries

Govt to sell 5% stake in Cochin Shipyard at ₹1,400 per share via OFS

The offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026

MobiKwik shareholders approve hiving off lending biz to wholly owned arm

The shareholders have also approved changes in the objects and terms of utilisation of the IPO proceeds, including an extension to the time limit for their use