Page 15 - Company News

IHH plans to raise Fortis stake to 51%, expand capacity to 10K beds by 2031

Malaysia-based IHH Healthcare has announced plans to hike its stake in Fortis Healthcare to 51 per cent over the next three to five years and expand total capacity to around 10,000 beds by 2031.

TVS Motor leases 529,533 sq ft office space in Bengaluru for 10 years

The 10-year lease at Gardencity IT Park in Hebbal commenced on September 22, with monthly rent of about ₹4.7 crore; Colliers advised on the transaction

Medanta acquires land in Ghaziabad for ₹ 166 cr, to build 350-bed hospital

Proposed 350-bed facility in UP to strengthen Global Health's footprint across Delhi-NCR healthcare market

SP Group's Mercury Finance taps dollar debt to meet another unit's dues

The real estate conglomerate plans to use the ​proceeds to invest in rupee-denominated bonds to be issued later by a local group entity.

India's Sun Pharma plans $1 billion local debt sale for loan takeout

Bankers expect total domestic corporate debt issuances this year to hit a record as higher US yields make dollar funding costlier, ​pushing companies to explore funding within the domestic market

NCLAT issues notices to creditors on Subhash Chandra's insolvency plea

The appellate tribunal will hear Chandra's challenge to the NCLT order restraining him from alienating assets on October 29 and 30; creditors have a week to file replies

Fitch revises Oyo parent's outlook to positive, sees potential deleveraging

The parent entity of the hospitality major has been re-named to PRISM from 'Oravel Stays'

Who are the Ruias, and how did Essar land America's $15 bn steel project?

Trump has unveiled a $15 billion steel project with Indian conglomerate Essar; behind the landmark announcement is the Ruia family's decades-long journey through expansion, debt, and restructuring

Why Tata Sons faces a listing mandate and how Tata Trusts hopes to avoid it

After the RBI classified Tata Sons for listing in 2022, Tata Trusts first sought to end its NBFC status and, after that bid failed, proposed merging two operating businesses into the holding company

Coforge appoints Akhil Gupta as independent chairperson for five years

Gupta, former vice chairman of Bharti Enterprises, will serve for five years from September 29 as non-executive independent director and chairperson

Gujarat Themis secures $58 million private credit for Japanese acquisition

Founded in 1981, Gujarat Themis is India's first company to start commercial production of the anti-tuberculosis drug Rifampicin, according to its website

HCLTech's arm to acquire Croatia-based Robotiq.ai for 9 million euro

The transaction will be executed via HCL Technologies Austria GmbH, a step-down wholly owned subsidiary of HCLTech, which will acquire 100 per cent outstanding equity in the firm

Coforge appoints former Bharti Enterprises VC Akhil Gupta as chairperson

The appointment follows weeks of intense boardroom turmoil, triggered by the abrupt resignation of former chairman and veteran banker O P Bhatt on Sep 9

Natco Pharma hikes investment in US-based eGenesis to $16.7 million

Under the revised structure, Natco Pharma (Canada) Inc will invest $13.70 million, while Natco Pharma USA LLC will contribute $3 million, according to a regulatory filing

Meta hires MongoDB CEO Desai to spearhead enterprise AI business

Desai, a veteran technology ​executive, took over the role from ​Dev Ittycheria. MongoDB has appointed Ittycheria as interim CEO as it searches ​for a permanent replacement.

Jio gains 2.4 million mobile users in August, Airtel 2.1 million: TRAI data

Overall, the number of wireless (mobile and Fixed Wireless Access together) subscribers increased to 1,312.25 million at the end of August 2026, a monthly growth rate of 0.46 per cent.

Tata Trusts proposes restructuring to keep Tata Sons private, avoid listing

Tata Trusts wants to merge two operating businesses into Tata Sons, arguing that the combined revenue and assets would take it outside the NBFC and CIC framework and allow it to remain unlisted

Despite geopolitical risks, Street remains bullish on Petronet LNG outlook

Analysts remain positive on Petronet LNG, citing Kochi growth, new revenue streams and project execution despite high spot LNG prices and geopolitical risks ahead.

Safety, reliability, profitability our priorities: Incoming Air India chief

Incoming CEO and MD Tewolde Gebremariam calls for a stronger safety-reporting culture, better disruption recovery and sharper focus on revenues and costs

Visa's Pismo platform expands footprint in 'priority market' India

The core banking and card processing platform is exploring credit line on UPI and other use cases as India becomes one of its priority markets for FY27