Page 2 - Company News

Mphasis eyes double-digit growth despite uncertain macros, AI woes

Mphasis expects low double-digit growth in FY27, supported by a strong deal pipeline and AI-led opportunities, even as macroeconomic uncertainty weighs on traditional IT spending

Quest Global acquires US-based Tests Assured to boost wearables expertise

The acquisition will strengthen Quest Global's engineering and testing capabilities for wearables, smart devices and immersive technologies. Financial details were not disclosed

Prestige Estates acquires Noida-based Allure Developers for ₹523.76 crore

The Bengaluru-based developer has signed a deal to acquire a 100 per cent stake in Allure Developers, which is developing a residential project in Noida's Sector 150, for up to ₹523.76 crore

Reliance may struggle to repeat cola disruption in biscuits: Britannia CEO

Britannia MD and CEO Rakshit Hargave said Reliance may find it harder to disrupt the biscuits market through aggressive pricing, given the segment's established ₹5 and ₹10 price points.

Tenneco India explores diversifying beyond auto sector, eyes M&A plans

Tenneco Clean Air India is exploring acquisitions in rail, aerospace and defence, while expanding its automotive portfolio across internal combustion, hybrid and electric vehicles.

Sarvam appoints ex-Google Cloud India MD Sashikumar Sreedharan as president

Sreedharan will run Sarvam's business across enterprises and government, and widen its work with digital-native companies, developers and partners

Jindal, Arvedi Group submit binding bids for Italy's former Ilva steelworks

The commissioners will now assess whether the offers are complete and meet the ​tender requirements, according to a statement

MakeMyTrip's India subsidiary receives Sebi approval to float IPO

MakeMyTrip (India) Ltd (MMT India) had filed draft papers with Sebi in July through the confidential route. After examining the draft documents, the regulator issued its final observations on Nov 6

Employees in India value work breaks, but few make time for them

Nearly one in four Indian employees still eats lunch at their desk, while 44% take two or fewer breaks a week, according to a new study

L&T bags 'significant' order from Noida Metro for Aqua Line extension

L&T said the project involves the partial design and construction of a 15.1-km elevated viaduct across two stretches, from Botanical Garden to Noida Sector-142 and from Depot Station to Boraki

Morepen launches first US prescription generic, eyes further filings

Morepen's first US prescription generic launch expands its presence beyond API supplies into finished-dosage medicines and distribution.

TaMo keeps M&M in its rearview as EV sales drive lead in PV market race

Tata's 37,803-unit EV lead offsets Mahindra's advantage in non-electric PVs, as both automakers ramp up production capacity

Rainbow Children's Medicare plans ₹2,200 crore expansion by FY32

Hospital chain targets over 5,000 beds by FY32; will have more facilities in Mumbai

Amazon Pay's next customers are in small towns, and they want credit

Three in four Amazon Pay customers now live outside India's big cities, says chief executive Vikas Bansal

Vimag Labs bets on magnet-free motors, eyes ₹100 cr revenue in FY28

Vimag Labs aims to scale up production of rare-earth-free electric motors at its Haryana facility, targeting ₹100 crore revenue in FY28 while expanding into defence and global markets

Hindalco flags coal shortage, expects 5% rise in aluminium production costs

The metals company expects aluminium production costs to rise another 5 per cent sequentially in the December quarter, after a similar increase in the September quarter, MD Satish Pai said

IOC to buy crude, LPG ships as West Asia crisis exposes shipping risks

The company's board has already approved the purchase of a few vessels, and tenders were issued several months ago, Director of Finance Anuj Jain said during its second-quarter earnings call

Adani Enterprises plans ₹35,000-₹40,000 cr annual capex in next two years

The planned spending comes as the group seeks to scale up businesses built over recent years, including airports and data centres

SBI expands US footprint as California subsidiary opens first Texas branch

This opening marks the subsidiary's first physical expansion beyond California, with its US branches now at eight locations

Three investors offload 1.84% stake in Groww for ₹2,457 crore in bulk deals

The three investors offloaded more than 11.52 crore shares, representing a combined 1.84 per cent stake in Groww on Friday, as per the data