Page 143 - Company News

Paytm brings entities under direct ownership to simplify structure

The move consolidates Paytm's offline and online merchant payments and brings insurance and lending arms under One97 Communications' direct control

Tarun Garg to take over as Hyundai India's MD & CEO from January 1

Garg will be the first Indian to lead the company since it started operations in 1996

PhysicsWallah partners with IDP to offer IELTS preparation tools, resources

Under the partnership, IDP will offer test prep tools, discounted resources, and dedicated IELTS Corners at PhysicsWallah campuses to support global education goals.

Swiggy introduces 'No Added Sugar' food category across 10 cities

Swiggy's new category offers over 150,000 items from 50,000 restaurants across 10 cities, following Zomato's recent 'Healthy Mode' rollout

PRISM-backed Sunday PropTech to acquire 12 hotels in FY26 expansion push

The OYO Assets firm aims to expand its premium and mid-premium portfolio, with acquisitions funded through a mix of debt and equity backed by InCred, Analah, and SoftBank

Chalet Hotel launches premium lifestyle brand Athiva, eyes rapid expansion

The premium lifestyle brand ATHIVA will start with six hotels and 900 keys, as Chalet Hotels aims to double capacity and expand into Goa and Thiruvananthapuram

Paytm transfers offline merchant payments to PPSL to comply with RBI norms

In another company development, One 97 Communications Ltd also approved a comprehensive internal restructuring plan to bring several of its financial and technology subsidiaries under direct ownership

OYO Assets plans to acquire 12 hotels, expand premium, mid-premium segment

OYO parent PRISM-backed OYO Assets, on Wednesday, said it plans to acquire 12 hotels in the second half of this financial year to scale its portfolio of premium and mid-premium hospitality assets.

Lotte appoints Debabrata Mukherjee as MD for Havmor Ice Cream business

Prior to this, Debabrata Mukherjee served as the Managing Director and CEO of Bata Shoe Company (Bangladesh) Ltd

Airtel, IBM to launch 2 multi-zone cloud regions in Mumbai, Chennai

Bharti Airtel has signed a strategic partnership with IBM to augment its recently launched Airtel Cloud to jointly provide enterprise solutions

Air India's leasing arm secures $215 mn term loan from StanC, BoI

This marks the first-ever commercial aircraft financing transaction structured with a GIFT City borrower, setting a precedent for India's emerging aviation finance ecosystem

IT firm Black Box targets 15% annual growth, aims for $2 bn revenue by FY29

The company had posted revenue of ₹1,387 crore, about $160 million, in the first quarter ended June 30, 2025

IRB InvIT Fund raises ₹3,248 cr through institutional placement

India's first listed infrastructure investment trust to use funds for acquiring three BOT highway assets, nearly doubling portfolio value to ₹16,000 crore

Godrej Properties buys 26-acre Bengaluru plot, eyes ₹1,100 cr in revenue

In South Bengaluru, Godrej Properties already has its footprint through projects such as Godrej Park Retreat and Godrej Lakeside Orchards

Hyundai Motor India to invest ₹45,000 crore by FY30, launch 26 new models

The company also aims to roll out a locally designed, developed and manufactured dedicated electric SUV for the Indian market by 2027

Volkswagen, JSW back at the table for EV venture as M&M deal stalls

Earlier in February 2024, Volkswagen and JSW Group were in talks to form a joint venture for EV manufacturing in India. The discussions have now resumed after VW's stalled pact with M&M

Godrej Properties acquires land in Bengaluru for ₹1,100 cr housing project

In a regulatory filing on Wednesday, the company informed that it has acquired a prime 26-acre land parcel in South Bengaluru, situated near Sarjapur Road

India at centre of LG Electronics' Global South strategy: CEO William Cho

LG Electronics India debuts on NSE with 48% surge, advancing Make in India, R&D growth, and a new chapter in the global south strategy

Share of small cars in sales up after GST cut: Maruti's Partho Banerjee

'Seeing a lot of people with helmets visiting our showrooms'

Google to invest $15 billion by 2030 to develop AI hub in Andhra Pradesh

The Visakhapatnam-based AI hub, Google's largest India investment, will house a gigawatt-scale data centre and strengthen India's position in global AI infrastructure