Page 196 - Company News

Reliance Jio IPO set for mid-2026 debut; platform crosses 500 mn users

At the 48th AGM, Mukesh Ambani said Jio will launch its IPO by mid-2026. The telco has crossed 500 million subscribers, unveiled AI-led services, and plans to expand internationally

RIL sets up Reliance Intelligence, partners Google to transform AI in India

Reliance Intelligence will bring global companies to India and deliver trusted and easy-to-use AI solutions for consumers, small businesses, enterprises, Mukesh Ambani said

Global GDP has potential to reach $500 trn in 25-30 years: Mukesh Ambani

Ambani said that Reliance is positioning itself as a deeptech company through its breakthroughs in clean energy, genomics, and artificial intelligence

PFC, JBIC sign ₹3,500 cr loan pact to fund clean energy projects in India

The deal not only strengthens economic ties between India and Japan but also marks a crucial step in advancing sustainable development, PFC said in a statement

Shift seen towards premium, wellness-led products in Chennai: Amazon

In order to enhance its operations network, Amazon has opened two new fulfilment centres in Thiruvallur and Krishnagiri

IPO-bound NephroPlus expands ops in Philippines, acquires 5 more clinics

The Hyderabad-based company entered the Philippines market in fiscal 2020 and has since expanded rapidly, growing from 3,614 treatments per month in fiscal 2021 to 22,073 treatments per month now

Samvardhana Motherson to buy 81% stake in Japan's Yutaka Giken for $184 mn

YGCL is a company listed on the Tokyo Stock Exchange, and Honda Motor Co, Ltd (Honda) currently owns a 69.66 per cent stake in it, with the rest owned by the public

Reliance AGM 2025: Focus on IPOs, green energy, and growth outlook

At its 48th AGM, Reliance is expected to offer clarity on Jio and Retail IPOs, lay out clean energy roadmaps, and share updates on growth targets

Adani Power gets LoA for 2,400 MW thermal project in Bihar's Bhagalpur

The company will invest $3 billion in setting up the plant and the related infrastructure

DGCA approves IndiGo's 6-month extension of agreement with Turkish Airlines

The airline added that the approval will help mitigate potential losses to the Indian aviation sector while ensuring uninterrupted international connectivity

US tariff hike, Russian oil deals cloud Reliance's annual investor meet

Shareholders will certainly be looking out for details on the much-anticipated listings of Reliance's telecoms and retail operations, plus prospect for outside investment into clean energy business

Flipkart, Amazon stack up space for India's festival shopping rush

Flipkart and Amazon are scaling warehouse and delivery networks ahead of festive sales projected to touch Rs 120,000 crore, while Myntra and Instamart gear up for rising demand

Meituan's loss warning spurs nearly $27 billion China's internet rout

China's food delivery leader issued its dire prediction after reporting "irrational competition" eradicated most of its profit in the June quarter

India must not give in to any 'bullying': MSIL's RC Bhargava on tariffs

On the domestic front, he said reducing GST on small cars could help counter the economic strain created by American tariffs

AI rise likely to alter how we assess risk, says JFS chairman KV Kamath

Chairman KV Kamath highlights scaling of businesses, new ventures, regulatory approvals and partnerships with BlackRock and Allianz as Jio Financial marks a crucial FY25

Gangwal family trust offloads 1.3% stake in IndiGo for ₹2,933 crore

In August 2024, Gangwal's family trust sold a 5.24% stake in the airline for ₹9,549 crore. Before that, it had sold shares in March

Gensol's CoC, IRP deliberately delaying insolvency process: Lessor to NCLAT

SMAS Auto Leasing told NCLAT that Gensol's IRP and CoC had deliberately delayed the insolvency process in a dispute over e-vehicles, as the tribunal fixed hearing for September 2

Leadership reshuffle: Shapoor Mistry steps down as Afcons chairman

After more than 13 years as Afcons Chairman, Shapoorji Mistry steps down to become Chairman Emeritus while his son Pallon Mistry joins the board, marking a generational transition

Adani group logs ₹90,572 crore Ebitda, led by infrastructure firms

Conglomerate's cash reserves stood at Rs 53,843 in Q1, accounting for 19% of gross debt

Rare-earth crisis may impact EV industry's festival sales: TVS Motor

Firm launches new EV scooter Orbiter for ₹99,900