Page 2 - Company News

Flipkart set to enter online food delivery with Bengaluru pilot next month

Bengaluru pilot in August as firm expands its consumer ecosystem

ITC re-architecting cigarette portfolio after tax hike: CMD Sanjiv Puri

The ITC chief said the company is pursuing calibrated pricing and portfolio innovation to curb illicit trade while continuing investments to diversify beyond cigarettes

UltraTech Cement board approves ₹5,000 crore fundraise through NCDs

The cement major will issue up to 500,000 unsecured, listed and redeemable debentures through private placement as it advances a ₹17,000 crore capacity expansion plan

Hindalco Industries lines up potential ₹1 trillion investment in India

Speaking at the 67th AGM, Birla said, "Across our businesses, Hindalco is executing an unprecedented investment to enhance capacities in our mines, upstream and downstream operations in India."

NCLT pauses Byju's insolvency bidding till Aug 31, giving founders relief

The tribunal stayed the bidding process after Byju Raveendran and Riju Ravindran challenged the admission of a ₹11,433 crore claim by US term loan lenders

Ashiss Dash to be Infosys CEO; to take over from Salil Parekh in April 2027

The Infosys veteran will take over as chief executive officer and managing director from April 1, 2027, after Salil Parekh completes his second term at the IT major

Maruti repositions Brezza as first-time buyers reshape compact SUV market

The refreshed Brezza will target first-time, replacement and additional-car buyers as Maruti responds to changing preferences and intensifying competition in compact SUVs

Airtel Africa picks London Stock Exchange to list Airtel Money by December

The Bharti Airtel subsidiary said the London listing would provide access to a broad international investor base, subject to regulatory approvals

Swiggy board approves 49.5% foreign ownership cap to gain IOCC status

The proposal will now be placed before shareholders for approval through a special resolution at the company's 13th Annual General Meeting (AGM) on August 18

Bharat Petroleum may increase fuel prices if crude stays at current levels

The state-run refiner is also exploring long-term crude supply deals with the US and other countries as it seeks to manage supply disruptions and rising energy costs

Sona Comstar eyes 10x revenue growth with robotics, AI and acquisitions

The auto components maker aims to replicate the ten-fold growth achieved over the past decade, backed by robotics, physical AI, acquisitions and new mobility technologies

Inflation, AI-led job uncertainty weigh on some consumers: United Spirits

The liquor maker said premium demand remains healthy despite inflationary pressures and AI-driven employment uncertainty affecting sentiment in some consumer segments

Mercedes-Benz India sees strong festive demand; new CLA sold out for 2026

The luxury carmaker expects 2026 to be its best-ever year, supported by robust order books, sustained demand across segments and strong festive-season momentum

Mercedes-Benz launches AMG E 53 Hybrid at ₹1.45 crore, expands PHEV range

The Performance and Racing editions are priced at Rs 1.45 crore and Rs 1.48 crore, respectively, with an electric-only WLTP range of more than 100 km

Adani Power's nuclear expansion depends on private-sector policy clarity

Adani Power said its plans to develop nuclear power projects depend on the government finalising rules allowing private-sector participation, with technology choices hinging on commercial viability

PVR INOX Q1FY27 result: Net profit rises to ₹56.5 cr; revenue up 11.9%

PVR INOX reported a consolidated net profit of ₹56.5 crore in the June quarter, aided by robust demand for films, higher ticket prices and strong growth in food and beverage sales

PTC Industries bags DRDO order to develop component for light weight tank

Order marks the company's move beyond contract manufacturing into design-led development of mission-critical defence components for India's indigenous light tank programme

UltraTech Cement plans to raise up to ₹5,000 crore from market via NCDs

UltraTech Cement's board has approved raising up to ₹5,000 crore through privately placed non-convertible debentures, with details on tenure and coupon rate yet to be announced

Mahindra Lifespaces, Sumitomo expand Chennai industrial park partnership

The partners will acquire and develop around 95 acres under Phase 2B of Origins by Mahindra, taking the total planned area of the Chennai industrial park to 540 acres

ITC eyes ₹8 trillion FMCG market by 2035, bets on AI, premiumisation

ITC expects India's FMCG market to expand to around ₹8 trillion by 2035 and plans to drive growth through brand-building, AI-led consumer insights, digital commerce, and strategic acquisitions