Page 13 - Company News

Blackstone among firms in fray to buy Fairfax stake in IIFL Finance

Blackstone is in talks with Fairfax and other shareholders to acquire the stake in IIFL Finance

RBL Bank to raise up to $1 bn from overseas investors through bond issuance

The board approved the establishment of a Euro Medium Term Note Programme (EMTN Programme) in accordance with Regulation S of the US Securities Act, 1933, subject to regulatory, statutory approvals

Swiggy launches 24x7 helpline, in-app channel to report food safety issues

The initiative comes amid increased regulatory scrutiny of food businesses, including restaurants, food delivery and quick-commerce platforms.

SC rejects Centre plea to revive ₹363 cr GST demand against Vodafone Idea

The Supreme Court dismissed the Centre's appeal against a Bombay High Court ruling that had quashed a ₹363 crore GST demand against Vodafone Idea over a merged entity

Hyundai Motor India targets 20% women in executive workforce by 2030

Women currently constitute more than 8 per cent of Hyundai Motor India Ltd's (HMIL) total executive workforce of over 4,000 employees, the company said in a statement

Air India's new CEO Gebremariam seeks staff support to minimise disruptions

Air India's incoming CEO and MD Tewolde Gebremariam has sought staff support to minimise disruptions, saying the airline's strong heritage and brand give it enormous potential to regain its position

Novartis India to acquire Pfizer's 'Minipress' trademark for ₹1,250 crore

The company has executed an asset purchase agreement and trademark assignment deeds with Pfizer Inc USA and Pfizer Products Inc USA

NIIF names Gauravjit Singh managing partner for capital formation

The former PAG executive will lead NIIF's fundraising and investor relationships after the asset manager mobilised around $3 billion in new equity commitments over two years

Tewolde Gebremariam to take charge of Air India today amid mounting woes

Tewolde Gebremariam joined Air India early last month but will not yet be formally designated chief executive officer and accountable manager as his security clearance is still pending

Pixxel raises $100 mn in Series C, India's largest spacetech fundraise

The funding takes Pixxel's total capital raised to $195 million and will support new satellite capabilities, Earth intelligence Software, sovereign systems and manufacturing expansion

HEG Advanced Materials lines up ₹5,500 cr growth push after demerger

Anode materials will corner the largest share of investment as the company targets 60,000-tonne capacity by FY32

Manipal aims greenfield growth; 80% of 2.4K beds to be built from scratch

Sahyadri acquisition lifts FY26 revenue 25%, but higher debt, depreciation and taxes pull PAT down 15%; ARPOB rises 9%

RPG Life Sciences scouts for larger API assets after ₹215 cr acquisitions

The drugmaker has more than ₹500 crore of capital available and is evaluating businesses that can add differentiated chemistry, regulatory access and export capabilities

Maruti Suzuki bets on premium hatchbacks as demand outpaces industry

Maruti Suzuki's premium hatchback sales grew 28 per cent between April and August, compared with 17 per cent growth for the industry

NTPC suggests four amendments to draft SHANTI rules for nuclear power

NTPC seeks key changes in draft SHANTI rules, including faster licensing, removal of new-company limits and utility-agnostic approvals

TRL Krosaki, Raghav Productivity to set up silica ramming mass JV in Odisha

Joint venture will combine TRL Krosaki's quartzite mineral resources with RPEL's manufacturing expertise, proprietary technology and domestic and global network

DP Abhushan eyes 51 stores in Tier 2-3 cities, ₹15,000 cr revenue by FY30

The company is entering Chhattisgarh with a store in Raipur. In Maharashtra, it is exploring Nagpur and Nasik, and Dahod and Baroda in Gujarat

NoBroker eyes profitability in 8-10 months, FY26 revenue tops ₹1k cr: CEO

The proptech startup based in Bengaluru, established in 2013, operates mainly in listing properties for renting, buying, and selling, and does not charge customers any brokerage fees

Piper Serica plans to deploy ₹180-220 crore in 4-6 deeptech startups

The fund expects to make some of its first commitments over the next month or so, with investments typically ranging from ₹25 crore to ₹50 crore per company

Indian Bank to open representative office in Dubai to expand foreign ops

Currently, the bank has a full-service international branch in Singapore and branches in Colombo and Jaffna (Sri Lanka)