Page 2 - Company News

Coforge wins $158-mn UK contract as AI-led demand boosts deal sizes

Coforge has won a $158-million, five-year contract from a UK-based client, effective April, as AI-led conversations drive a rise in both the number and size of large technology deals in Europe

Vedanta to tap debt market for second time in FY25 with ₹30 bn bond sale

Last June, ​the company raised an aggregate of 50 billion rupees through a ‌combination of two-year papers, 30-month bonds and three-year bonds

Lodha Developers acquires development rights for Malabar Hill property

The consideration also includes 5,017 square metres of real estate regulatory authority (Rera) carpet area, 150 car parking spaces, and a 42.5 per cent trust share in the development

HSBC India pre-tax profit increases 10.5% to nearly $1.9 billion

HSBC India's CY25 pre-tax profit rose 10.5% to $1.9 billion, led by strong corporate banking performance, as India became its second-largest Asian profit contributor after Hong Kong

Dr Reddy's likely to launch generic semaglutide Obeda in India in March

Hyderabad-based Dr Reddy's has applied to trademark the Obeda brand and logo, a government filing showed

BillDesk set to acquire Worldline India's payments business

Fintech major BillDesk is set to buy Worldline India's payments arm in a deal pegged at $100-150 million, strengthening its aggregation and omnichannel merchant capabilities

Bombay HC quashes ₹400-cr personal GST penalty on Shemaroo executives

Court rules Section 122(1A) of the CGST Act cannot be invoked against employees who are not taxable persons; bars retrospective application of the provision

Mindspace REIT pre-leases 5.3 lakh sq ft in Hyderabad to Chalet for hotel

K Raheja-backed Mindspace Reit signs Chalet Hotels for a Rs 350 crore, 330-key luxury hotel at its Hyderabad campus, with completion targeted by Q4 FY28

Coal India arm SECL identifies 7 mine dumps for rare earth exploration

SECL Chairman and MD Harish Duhan said the tendering process for exploration has already begun, with plans to scientifically assess the dumps within the next year to pinpoint viable sites

Chevron sells Venezuelan oil to Reliance for first time since 2023

Chevron negotiated the Boscan crude cargo to Reliance this month, marking ​the first sale of the ‌heavy oil, ​which is ‌used in asphalt making, ‌in about six years

Meta to buy AMD AI chips in $100 bn deal with option for 10% stake

Shares of AMD jumped more than 9 per cent before the market opened on Tuesday

Eris Life partners Natco Pharma to launch semaglutide generic in India

Eris Lifesciences partners with Natco Pharma to commercialise semaglutide in India in 2026, as rising demand and impending patent expiry fuel intense competition in metabolic and weight-loss therapies

AI transition will be painful; IT industry to reinvent: HCLTech CEO

C Vijayakumar says the $283 billion IT industry faces a difficult AI-led shift, but frontier model firms and services players will drive long-term value creation

Balkrishna Ind enters consumer tyre market; eyes ₹23K cr topline by FY30

Balkrishna Industries earmarks Rs 3,500 crore to enter India's consumer tyre market, targeting a 2.2x rise in revenue by FY30 under its Vision 2030 strategy.

IDFC First Bank pays ₹583 cr to Haryana govt after detecting fraud

IDFC First Bank refunds Rs 583 crore to Haryana government after detecting a Rs 590-crore fraud, engages KPMG for a forensic audit and works with authorities on recovery

BS Manthan: Dixon evaluating Gwalior to set up telecom devices mfg unit

Dixon CMD Atul Lall says India is at an electronics manufacturing inflection point and must deepen value addition, create IP and expand global capacity as schemes drive rapid sectoral growth

Unlisted Gems 2026: Reliance Retail leads as top 100 firms earn ₹8.9 trn

India's top 100 unlisted firms generated Rs 8.9 trn in revenue in 2025, led by Reliance Retail, with Tata Electronics and other fast-growing firms signalling a strong pipeline of IPO-ready companies

IPO-bound CleanMax to build 200-MW solar project in Andhra Pradesh

Andhra Pradesh clears a 200-MW solar project by CleanMax group firm Yashaswa Power, investing ₹1,200 crore, as the renewable player prepares for its ₹3,100-crore IPO next week

Voltas expects 25% rise in AC sales as early summer boosts demand

Voltas projects 25% AC sales growth this summer, launches AI-powered units, raises prices amid higher commodity costs and new BEE norms, with strong demand from tier II-III cities

Suzlon names Ajay Kapur Group CEO, elevates J P Chalasani to new council

Suzlon appoints Ajay Kapur as Group CEO and elevates J P Chalasani to its new Group Executive Council as the firm pursues its Suzlon 2.0 strategy to become a full-stack renewable energy provider