Page 2 - Company News
UK confers Knighthood insignia on Tata Group Chairman Chandrasekaran
Lindy Cameron, British High Commissioner to India, described Chandrasekaran as 'an amazing friend of the UK and an iconic figure in India's corporate world'
 "UK confers Knighthood insignia on Tata Group Chairman Chandrasekaran")
RCom fraud case: CBI questions Anil Ambani in SBI's ₹2,929 crore loan fraud
CBI has alleged fund diversion, misappropriation and other irregularities in the loan funds issued to Reliance Communications by the bank
 "RCom fraud case: CBI questions Anil Ambani in SBI's ₹2,929 crore loan fraud")
HDFC Bank's interim chairman rules out 'material issues' at lender
Keki Mistry says board unaware of any governance concerns behind Atanu Chakraborty's exit; assures 'strong controls' and stable leadership
 "HDFC Bank's interim chairman rules out 'material issues' at lender")
No material concerns on HDFC Bank's governance and conduct, says RBI
Regulator says bank remains well-capitalised with strong governance and management, approves Keki Mistry as interim chairman for three months
 "No material concerns on HDFC Bank's governance and conduct, says RBI")
'No power struggle': HDFC Bank's interim chair on Atanu Chakraborty exit
Keki Mistry says there are no material concerns at HDFC Bank after Atanu Chakraborty's exit, rules out governance issues, and says the board will review organisational structure
 "'No power struggle': HDFC Bank's interim chair on Atanu Chakraborty exit")
Prudential may exit life insurance joint venture with ICICI Bank
In talks with BhartiAxa for possible stake buy
 "Prudential may exit life insurance joint venture with ICICI Bank")
Axis Bank to infuse ₹1,500 crore into NBFC arm after RBI's approval
Move follows RBI approval and revised norms, allowing banks to fund NBFC subsidiaries; Axis Finance may list after becoming upper-layer NBFC
 "Axis Bank to infuse ₹1,500 crore into NBFC arm after RBI's approval")
PhysicsWallah gets ₹263 crore tax notice, says will challenge order
PhysicsWallah posted about a 33 per cent increase in consolidated profit to ₹102.27 crore in the December quarter
 "PhysicsWallah gets ₹263 crore tax notice, says will challenge order")
Nazara to acquire 50% stake in two gaming firms for $100.3 million
Nazara UK will initially acquire 50 per cent of the equity in Bluetile and Bestplay
 "Nazara to acquire 50% stake in two gaming firms for $100.3 million")
Amritanshu Khaitan quits McLeod Russel board citing personal reasons
Promoter family member resigns as non-executive director citing personal reasons, amid efforts to streamline roles within the Khaitan group
 "Amritanshu Khaitan quits McLeod Russel board citing personal reasons")
RBI grants approvals for Bain Capital's joint control in Manappuram Finance
Lender secures approvals for ₹4,385 crore investment, with Bain Capital set to acquire stake and become joint promoter alongside existing shareholders
 "RBI grants approvals for Bain Capital's joint control in Manappuram Finance")
Cube Highways files ₹5,000 cr OFS to convert into India's 1st public InvIT
Trust seeks to broaden investor base and improve liquidity through OFS as it transitions from a privately listed InvIT to a publicly listed structure
 "Cube Highways files ₹5,000 cr OFS to convert into India's 1st public InvIT")
Bracing for a flood of semaglutide generics, Novo holds the price line
Novo Nordisk says competition in semaglutide will be driven by science and quality, not pricing, as multiple generic versions prepare to enter India after patent expiry
 "Bracing for a flood of semaglutide generics, Novo holds the price line")
ReNew Energy set to secure $800 million refinancing loan this year
The five-year facility will be priced at about 185 basis points over the benchmark Secured Overnight Financing Rate, the people said. Final terms may change
 "ReNew Energy set to secure $800 million refinancing loan this year")
BlackSoil Capital raises ₹200 crore from Danish DFI Impact Fund Denmark
Funds will support climate-aligned lending and expand credit access in Tier-II and Tier-III markets, with a focus on women-led businesses and underserved sectors
 "BlackSoil Capital raises ₹200 crore from Danish DFI Impact Fund Denmark")
KKR to invest up to $310 million in PMI Electro, buy stake in Allfleet
KKR will acquire a majority stake in Allfleet and a minority holding in PMI Electro
 "KKR to invest up to $310 million in PMI Electro, buy stake in Allfleet")
Godrej Properties acquires 20 acre land parcel in Bengaluru, eyes ₹1,350 cr
Company plans to develop a premium residential project in Whitefield with an estimated revenue potential of ₹1,350 crore
 "Godrej Properties acquires 20 acre land parcel in Bengaluru, eyes ₹1,350 cr")
Burger Singh raises ₹82 crore in funding round led by Artal Asia
The Series B funding round also saw participation from new and existing investors, including Negen Undiscovered Value Fund, and Aurum Rising India Fund
 "Burger Singh raises ₹82 crore in funding round led by Artal Asia")
Licious focuses on micro-markets to scale growth, expand dark stores
Licious is focusing on micro-markets within cities to drive growth, planning to scale dark stores and deepen presence in high-demand neighbourhoods
 "Licious focuses on micro-markets to scale growth, expand dark stores")
Godrej Properties acquires 20 acre land in Bengaluru, eyes ₹1,350 crore
The company plans to develop a premium residential project on this site with an estimated revenue potential of approximately ₹1,350 crore