Page 169 - Company News

Monin invests ₹350 crore in Hyderabad plant, eyes ₹450 crore turnover

Germain Araud, managing director of Monin India, said the facility will span 40 acres and is expected to be operational by the second quarter of 2026

Ex-Zomato CEO Rakesh Ranjan joins Allen Online to lead digital growth

Allen has named ex-Zomato chief Rakesh Ranjan as CEO of Allen Online to scale AI-powered learning, succeeding Abha Maheshwari, who stepped down after two years in the role

Good Capital closes its second fund with investments in AI-powered startups

Venture capital firm Good Capital has closed its second fund at $30 million, aiming to back AI-driven startups after supporting companies like Meesho, Orange Health, and LEAD School

Flipkart, Amazon race in premium ecommerce with iPhones, fast delivery

Flipkart, Amazon and Bigbasket reported record festive sales of iPhones and premium devices, with fast deliveries and GST reforms boosting growth in metros and Tier-II cities

Blackstone to invest nearly ₹5,000 crore to develop data centre in MMR

Blackstone to invest ₹5,000 crore in 60 MW data centre in Chandivali; India DC sector set for exponential growth with AI, cloud, and 5G demand

Jio BlackRock Mutual Fund targets consistency as it enters active arena

Jio BlackRock enters active equity space with FlexiCap Fund, leveraging BlackRock's SAE approach and offering a low 0.5% expense ratio via direct channels

BSNL to complete pan-India 4G rollout for all users by September-end

BSNL CMD A Robert J Ravi says the telco will launch its nationwide 4G network on September 27, with 1 lakh towers installed and plans for Rs 47,000 crore 5G investment

Vedanta's JAL deal puts govt stake in HZL, Balco at risk: US short-seller

Viceroy Research warns DIPAM that Vedanta's planned Jaiprakash Associates acquisition could strain Hindustan Zinc and BALCO, partly owned by the government

MDL, Guidance Tamil Nadu partner to explore greenfield shipyard development

The MoU was signed on September 19 under the framework of the government of India's Maritime Amrit Kaal Vision 2047

Swiggy to sell Rapido shares worth ₹2,400 cr to MIH Investments, WestBridge

With the planned stake sale to MIH Investments and WestBridge, Swiggy is set to raise around ₹2,399 crore from its holdings in Rapido

Swiggy to sell stake in Rapido for ₹2,400 crore to Prosus, WestBridge

Swiggy will sell its entire 11.8 per cent stake in Rapido to Prosus and WestBridge Capital for Rs 2,400 crore, securing more than 2.5 times return on its 2022 investment

Torrent's UNM Foundation to maintain 69 lakes in Gujarat under MoU

The MoUs were exchanged on Tuesday at the Startup Conclave 2025 in Mahatma Mandir, Gandhinagar, in the presence of Union Home Minister Amit Shah

Energy trading platform Prisma signs MoU with IGX for market cooperation

Under the MoU, Prisma and IGX will collaborate in areas such as knowledge sharing and training through joint workshops, training programmes

InCred, Analah consortium invests ₹50 cr in PRISM-backed Sunday PropTech

Sunday PropTech, backed by PRISM, raises Rs 50 crore from InCred and Analah-led consortium to expand premium and mid-premium hotels under brands such as Sunday and Townhouse

Apollo Hospitals expands genomics network, targets affordable testing

Apollo Hospitals to expand genomics institutes to Tier-2 cities including Guwahati, Bhubaneswar and Indore, aiming to cut test costs and boost access beyond metro regions

Tata Advanced Systems opens first overseas defence facility in Morocco

Tata Advanced Systems has set up a new plant in Morocco to produce the DRDO-TASL developed WhAP 8x8, a modern armoured vehicle built for mobility, protection and versatile missions

Infosys expands partnership with Sunrise to modernise IT, boost AI adoption

Infosys will help Sunrise build a more flexible and secure technology base, aimed at improving operations and customer services

Accenture proposes new campus in Andhra Pradesh, eyes adding 12,000 jobs

India is already Accenture's largest employee base globally, with more than 300,000 of its 790,000 employees based in the country

Cochin Shipyard partners with HD Korea to build large ships in India

CSL will set up a new shipbuilding unit on 80 acres in Kochi with an investment of about ₹3,700 crore

Dream11 pivots to free-to-play, banks on ads and sponsorship revenue

Dream11 moves to a free-to-play model following a gaming ban, focusing on ads and sponsorships with 10 million daily users and partnerships with brands like Swiggy and Tata Neu