Page 12 - Company News

Disney invests $1 bn in OpenAI, to license characters for Sora video tool

As part of the licensing deal, Sora and ChatGPT Images will start generating videos using licensed Disney characters such as Mickey Mouse, Cinderella and Mufasa, from early next year

Wipro, Microsoft strike three-year deal to build industry-specific AI tools

Under the partnership, Wipro and Microsoft will jointly develop AI solutions for sectors such as financial services, retail, manufacturing, healthcare, life sciences and airports

JioStar to continue as ICC's media rights partner till 2027 in India

Industry experts noted that JioStar is under financial burden and is looking to cut its losses from all aspects

As trade routes shift, demand for translation services will surge: RWS CEO

RWS CEO Benjamin Faes said translation demand will rise as firms expand into non-English markets, with India growing 20 per cent annually and local headcount likely to rise to 2,000

JSW Energy board clears plan to raise up to ₹10K crore via securities

The board also approved the appointment of Chandrasekaran Prabhakaran as the Chief Financial Officer and a Key Managerial Personnel of the company with effect from January 1, 2026

RPG Life Sciences eyes GLP-1 entry, US market via plant acquisitions

The company sharpens its domestic specialty formulations focus and looks to scale APIs through acquisitions, while planning partnership-led GLP-1 launches

PNB Housing Finance names Ajai Kumar Shukla as MD, CEO; shares rise by 5%

The appointment comes as large home financiers face intensifying competition from banks in lending for premium homes, while affordable housing has emerged as a more attractive market

JSW Energy arm signs agreement to supply 400 MW to Karnataka discoms

With this PPA, JSW Energy's open capacity reduces to 5 per cent of the current operational capacity from about 8 per cent

Crisis-hit airline IndiGo receives tax penalty notice of ₹58.7 crore

Earlier today, the DGCA suspended four Flight Operations Inspectors (FOI), who are responsible for overseeing airline safety, pilot training & operational compliance

iSprout secures ₹60 crore in debt funding to accelerate expansion

Hyderabad-based iSprout has raised ₹60 cr in debt funding from Tata Capital to expand into metros and tier-I and II cities, upgrade infrastructure and scale managed office portfolio as it eyes an IPO

MTR-owner Orkla India eyes deals, bets on quick meals, delivery for growth

The Indian arm of Norwegian consumer goods group Orkla, which merged MTR and Eastern in 2023, expects to return to its historical double-digit revenue growth in fiscal 2026 and beyond

Fairfax leads race to acquire majority stake in IDBI Bank from govt, LIC

Fairfax has moved ahead in the race to buy a majority stake in IDBI Bank, with Kotak Mahindra Bank still in the fray as the government and LIC prepare to finalise bids for the lender's sale

AI-driven growth of TCS makes its M&A strategy more aggressive

TCS's $700-million buyout of Salesforce firm Coastal Cloud highlights a stronger AI-focused M&A strategy, but analysts view the valuation as steep and note the market's muted response

Prudential sells 4.5% stake in ICICI Pru AMC for ₹4,900 cr ahead of IPO

The fund house is a joint venture between ICICI Bank, India's second-largest private lender, which holds 51 per cent, and Prudential, which owns the rest

Flipkart Minutes to double dark stores to 1,000 by March-April 2026

Flipkart Minutes plans to double its dark stores to 1,000 and expand to 60+ cities by early 2025, intensifying the quick-commerce race amid surging demand and rising competition

Modi Naturals plans up to ₹100 crore FMCG acquisitions after NSE listing

Modi Naturals aims to acquire brands in ready-to-eat and healthy snacks as it grows its FMCG portfolio, saying its NSE listing will improve visibility, liquidity and investor reach

30 years on, Swedish beauty brand Oriflame scripts its second coming

Swedish direct-selling brand is betting on hyperlocal outreach beyond metros

NHPC invests ₹98,107 cr to build 8,814 MW hydropower capacity by 2032

State-owned NHPC is undertaking a major expansion of its clean energy portfolio with investments of over Rs 98,000 crore in hydropower projects across the Northeast, Sikkim and Jammu & Kashmir

Samsung at 30 in India: Local R&D, design, talent to drive innovation plan

Samsung announced its India-focused plan, outlining a greater push for local R&D, design, manufacturing and talent development as it marks 30 years of operations in the country

L&T eyes global nuclear supply chain as demand for clean energy rises

The company eyes sharp international growth as nuclear demand accelerates