Page 15 - Company News

Amazon India legal chief steps up fight against fakes and AI-enabled scams

As Amazon commits $48 billion to India through 2030, legal chief Rakesh Mohan Bakshi says combating counterfeiting and AI-enabled fraud has become central to the company's strategy

MEIL passenger car foray enters final lap, EV joint venture soon

Hyderabad-based Megha Engineering & Infrastructures is expected to announce an electric vehicle joint venture in the coming months as it prepares to enter the passenger car segment

Flipkart hires former Tata Digital CTO Vaidya to lead supply-chain tech

Appointment bolsters the Walmart-owned e-commerce company's technology leadership as it expands AI and logistics capabilities

GovTech company CSM Technologies debuts on BSE and NSE main boards

Bhubaneswar-headquartered GovTech company lists after a successful IPO, with proceeds earmarked for working capital, debt repayment and strategic expansion

$11.5 billion Odisha project rollout in 5 years: APSEZ MD Karan Adani

Construction is expected to begin 12-18 months after land acquisition and statutory approvals, with the first phase of the integrated aluminium project due in about five years

Avenue Supermarts Q1 revenue up 15.1%; board to consider debt fundraising

DMart operator's standalone revenue rose to Rs 18,343.49 crore in the June quarter; board to consider raising funds through debt securities on July 11

Bajaj Finance Q1 AUM rises 24% to ₹5.46 trillion; loan bookings up 20%

Customer franchise crossed 124 million in the June quarter, while deposits stood at about Rs 68,500 crore, according to the company's provisional business update

Air India cuts fuel surcharges for North America, Europe flights

Air India has reduced fuel surcharges on flights to North America, Europe, the UK and Australia from July 1 after easing oil and jet fuel prices

Adani Group seeks Kerala govt approval for Vizhinjam port stake sale

Adani Group has approached the Kerala government for approval of its proposed $1.4 billion stake sale in Vizhinjam Port after the transaction triggered political objections

Marico expects to post double-digit consolidated revenue growth in Q1

Marico expects revenue growth in the early twenties for Q1FY27, driven by strong domestic demand, Parachute Coconut Oil and international business

Suzuki Motor Corp to double Kharkhoda plant capacity to 1 million units

Suzuki Motor Corporation will expand the capacity of its newly inaugurated Kharkhoda manufacturing facility in phases, reinforcing its long-term commitment to India

PC Jeweller posts 21% growth in Q1 revenue; to be debt free in Sep quarter

PC Jeweller reported 21% revenue growth in Q1FY27 and said it expects to become debt-free in the July-September quarter after cutting over 90% of its debt

BPCL buys Videocon's Brazil oil and gas stake, takes full ownership of JV

BPCL has acquired Videocon's remaining stake in IBV Brasil Petroleo, taking full ownership of the Brazilian venture as it looks to expand overseas energy assets

OIL targets early 2027 for commissioning of Numaligarh refinery expansion

State-owned Oil India expects its Rs 28,000 crore Numaligarh refinery expansion project to be operational by early 2027, tripling refining capacity to 9 million tonnes

Maruti's ₹35K cr Kharkhoda plant inaugurated, capacity to reach 1 mn units

Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi inaugurated Maruti Suzuki's Kharkhoda plant, which is set to scale up to 1 million units annually

Ujjivan SFB raises FCNR(B) deposit rate to 7.50% after RBI eases norms

Ujjivan Small Finance Bank raises interest rates on 3-5-year FCNR(B) deposits after the RBI removes the ceiling on fresh deposits of similar maturities

Udaan's S'pore Holding co faces insolvency proceedings over $170 mn default

Creditors filed a winding-up petition after debt-restructuring talks collapsed; Udaan says the proceedings are limited

Can cheaper bank funding spark India's next M&A cycle after RBI move?

Banks can now finance acquisitions under RBI's revised framework; experts say lower borrowing costs may improve deal economics, but valuations and strategic fit will continue to drive M&A decisions

Amazon to act against India delivery partner after fire probe concludes

A fire at M&M Logistics Solutions, an Amazon delivery partner in the northern state of Uttarakhand, killed two people on June 5

Adar Poonawalla Family Office invests ₹700 crore in Inox Clean Energy

This follows an investment from CalPERS, which had invested approximately ₹800 crore in the previous rounds, amongst other investors, Inox Clean said in a statement