Page 16 - Company News

General Atlantic to acquire 7% stake in Balaji Wafers for over ₹2,000 crore

Balaji Wafers has entered into a "definitive agreement" with General Atlantic for a strategic investment, according to a joint statement

Indian Oil buys oil from Angola, Brazil, UAE to replace Russian crude

Indian refiners are recalibrating their strategies to shift away from top supplier Russia and boost imports from the Middle East

Radico Khaitan sees FY27 revenue growth above estimates on premium demand

Managing Director Abhishek Khaitan said on Thursday he expects sales volume in the company's "prestige and above" business, which makes up roughly half of its total revenue, to climb over 15%

Micron's $2.75 bn Gujarat chip plant to begin production by February-end

During his engagements at the World Economic Forum (WEF) in Davos, Ashwini Vaishnaw said that the value chain in critical minerals is complex and requires cooperation across multiple stages

Sun Pharma receives regulatory approval to sell generic Wegovy in India

Sun Pharma said it will launch generic semaglutide in India after the patent expiry in March 2026, becoming the second domestic drugmaker to secure regulatory approval for the blockbuster drug

Hindustan Petroleum likely to consider processing Venezuela crude oil

Refiner was unable to do so earlier due to the crude's high acidic nature

UPI payments app PhonePe's $1.5 billion IPO to see Walmart cut stake

Walmart and other existing investors plan to sell 5.06 crore shares; fintech major targets ₹12,000 crore raise

RPSG Group to invest ₹10.5K cr in Vijayapura, Ballari districts of K'taka

RPSG Group to invest ₹10,500 crore in Karnataka's Vijayapura and Ballari districts over three years, boosting the state's renewable energy ecosystem

Rapido FY25 loss narrows to ₹258 crore; revenue rises 44% to ₹934 crore

According to financial data accessed via business intelligence platform Tofler, the Bengaluru-headquartered unicorn's revenue from operations rose to ₹934.44 crore last fiscal year

Optimist raises $12 million to build air conditioners for India's climate

Accel and Arkam Ventures back the startup, founded by Urban Ladder's Ashish Goel, as it develops energy-efficient cooling systems tailored to India's power and climate constraints

Zydus Lifesciences launches cancer drug Nivolumab's biosimilar in India

Move comes just months before nivolumab patent expiry in India on May 2, 2026

TVS Emerald secures ₹425 cr equity investment from IFC for expansion

TVS Emerald secures ₹425 crore equity investment from IFC to fund new residential projects in Chennai and Bengaluru, targeting ₹4,400 crore in potential revenue

Sensesemi Technologies raises ₹25 crore to build edge-AI chips

The fabless semiconductor start-up plans to expand its engineering team and develop integrated chips for industrial IoT, automotive and medical devices

Zee Entertainment's Q3 FY26 results: Net profit drops 5% to ₹155.3 cr

Zee Entertainment's Q3FY26 net profit fell 5.1% to ₹155 crore despite 15% revenue growth, as weak FMCG ad spending weighed on margins

Shares of IIFL Finance tank 13% after I-T dept orders special audit

Q3 net up 157% to Rs 501 crore; gold loans surge 189% YoY

Bandhan Bank's Q3FY26 results: Net profit declines 52% to ₹210 crore

Bandhan Bank's Q3FY26 net profit fell 52% to ₹210 crore as NII and non-interest income declined, even as asset quality showed improvement

General Atlantic enters a definitive pact to acquire stake in Balaji Wafers

General Atlantic has agreed to acquire a minority stake in Balaji Wafers, backing the homegrown snack maker's next phase of innovation and expansion across India

TVS Emerald raises ₹425 crore in equity from IFC for housing projects

The two upcoming projects in Chennai and Bengaluru would have a combined revenue potential of ₹4,400 crore

Apple asks Delhi HC to stop CCI from seeking its financial records

Apple has moved the Delhi High Court to block India's antitrust watchdog from seeking its global financial records amid a probe into App Store practices

Bandhan Bank Q3FY26 results: Net profit declines 51.7% to ₹206 cr

Bandhan Bank's Q3 FY26 net profit fell 52% to ₹205.6 crore on lower income and higher costs, even as asset quality improved with a drop in gross NPAs