Page 189 - Company News

Hero MotoCorp, Royal Enfield to reduce prices to pass on GST cut benefits

Customers can now avail price benefits of up to ₹15,743 on select models, making motorcycles such as the Splendor+, Glamour, range and scooters like the Xoom, and Pleasure+ even more accessible

$2 bn-bid for Jaiprakash Associates 'credit negative' for Vedanta

Acquisition will expose Vedanta to bankrupt company's real estate, cement, infrastructure businesses: CreditSights

Microsoft taps Anthropic AI as it diversifies beyond OpenAI ties

Microsoft plans to diversify its portfolio by integrating both Anthropic and OpenAI technologies into its Office features

KKR, Blackstone turn India into Asia's buyout HQ after China slow down

Seven global funds now have their Asia private equity heads or co-heads based in Mumbai, including Blackstone's Amit Dixit and KKR's Gaurav Trehan

ED summons Bikaji Foods MD in Rajasthan Premier League investigation

The matter relates to an ongoing investigation into the Rajasthan Premier League, organised by the Rajasthan Cricket Association

Suzuki says production of flex fuel vehicles in India to commence in FY26

In a technology strategy announcement, Suzuki Motor Corporation said the development is underway to launch flex fuel vehicles (FFV) within this fiscal year

Amazon Pay India CEO bats for balanced MDR to support stakeholders

Bansal emphasised that the structure and rates of MDR should not be arbitrary but carefully crafted through consultation between the regulator and the industry

PSBs must marry innovation with trust, says SBI chairman CS Setty

SBI Chairman Challa Sreenivasulu Setty says PSBs must combine innovation, resilience and trust to stay competitive as digitalisation, fintech and cybersecurity reshape banking

Godrej Interio to open large-format stores, targets ₹10k cr revenue by FY29

Interio by Godrej will open flagship large-format stores in metros and expand mid-sized outlets in smaller cities as part of its push to reach Rs 10,000 crore revenue by FY29

Vodafone Idea moves Supreme Court against additional AGR dues raised by DoT

Vodafone Idea has petitioned the Supreme Court to quash fresh AGR dues raised by DoT, arguing the new demands exceed the court's ruling and threaten its financial survival

Sun Pharma's Halol plant gets OAI classification from US FDA inspection

US FDA has classified Sun Pharma's Halol facility in Gujarat as OAI, keeping it under import alert, signalling possible enforcement action unless corrective steps are taken

Glenmark gains 3% on $700 mn upfront payment from AbbVie licensing deal

Glenmark shares rose 3% after confirming receipt of $700 million from AbbVie under a global licensing deal for ISB 2001, with milestone payments of up to $1.2 billion

Azure Power pays $23 mn to settle US court case over alleged bribery

Azure, whose shares were listed for US trading on the NY Stock Exchange, said the resolution will enable it to move forward

LNJ Bhilwara acquires Statkraft's 49% stake to fully own Malana Power

LNJ Bhilwara Group has acquired Statkraft's 49 per cent stake in Malana Power, giving Bhilwara Energy complete ownership of two hydropower plants in Himachal Pradesh

Mahindra's August sales see slight decline; exports increase marginally

The GST on small cars was reduced to 18% from 28%, owing to which the prices of vehicles have dropped significantly, thereby dragging the sales

Dashverse plans to release 100 microdramas in a few months, produced by AI

Dashverse will open Frameo.AI for creators, cutting costs and production time while scaling storytelling across India

Mount Everest Breweries acquires Cheers Breweries in ₹300 crore deal

Mount Everest Breweries has acquired Cheers Breweries in Mysuru for Rs 300 crore, boosting capacity by 75 per cent and marking its entry into Karnataka's beer market

Brigade Group inks pact for Rs 2,500 cr residential project in Bengaluru

Brigade Group has signed a joint development agreement for a Rs 2,500 crore luxury housing project on 10.75 acres in East Bengaluru, targeting 2.5 million sq ft of saleable area

PwC India launches GenAI Navigate Tax Hub to modernise tax functions

PwC India's Navigate Tax Hub, powered by generative AI, integrates tax expertise and secure document management to boost efficiency, accuracy and value for tax teams

This US firm is doubling down on entry level jobs in AI era: Here's why

McKinsey expects 15-20% growth in non-partner staff over five years, with 12% more hires in 2026