Page 2 - Company News

IG Defence plans ₹10,000 crore deep-tech systems pipeline by FY30

The defence technology firm plans to expand its footprint in autonomous strike systems, AI-enabled warfare solutions and drone manufacturing as military demand rises

Singapore court stays surrender requirement imposed on Byju's founder

The Singapore High Court has stayed the committal and surrender provisions of a civil contempt order against Byju Raveendran pending appeal in an ongoing dispute

Meesho acquires Kirana Club in ₹202-crore deal to expand grocery presence

The acquisition gives Meesho access to a platform serving over 4 million retailers and strengthens its presence in India's grocery and business-to-business commerce markets

Flipkart hires senior tech leaders to strengthen AI, fintech capabilities

The e-commerce company has appointed former leaders from Swiggy, Mastercard and Razorpay to bolster its artificial intelligence, data science, payments and engineering functions

Reliance Power, Reliance Infra appeal Sebi order blocking fundraising plans

Reliance Power and Reliance Infrastructure have challenged Sebi's refusal to grant relief from restrictions linked to Anil Ambani, citing the impact on capital-raising plans

TCS launches India's first Oracle AI Data platform lab in Kolkata

IT services major also plans to establish similar Oracle AI Data Platform Labs and Centres of Excellence in four more Indian cities over the next three years

Vodafone Idea at inflection point, better days ahead: Kumar Mangalam Birla

Vodafone Idea chairman Kumar Mangalam Birla said the telecom operator is entering a stronger phase as shareholders approved a ₹4,730-crore promoter funding plan

Goldman Sachs, Morgan Stanley, others buy 2.3% stake in Lenskart

Global and domestic institutions bought a 2.3% stake in Lenskart for ₹1,960 crore as ADIA trimmed its holding ahead of the eyewear firm's market debut

HAL files forgery case over fake certification of Tejas components

HAL has filed a forgery and cheating case against a supplier, alleging fake test reports for components meant for the Tejas Mk1A fighter aircraft programme

India shouldn't look to West for agentic payment protocols: Pine Labs CEO

Pine Labs has launched an agentic payments protocol for UPI transactions, with CEO Amrish Rau calling for India-led standards in autonomous commerce

TCS announces strategic partnership with Anthropic; to set up dedicated BU

IT services company will equip 50,000 employees with Claude AI as part of a deal to expand enterprise AI transformation

US drug regulator issues import alert for drugs made at a Dabur India plant

The action was taken after the FDA inspected the factory and flagged data integrity and maintenance lapses

Goldman Sachs, MFs buy 4% stake in GNG Electronics for ₹175 crore

GNG Electronics promoter Vidhi S Khandelwal pared around 4 per cent stake in the company on Thursday, according to an exchange filing

Craft chocolate startup Manam raises $9 mn to expand retail footprint

The Hyderabad-based company, which works with more than 250 cacao farmers in Andhra Pradesh, plans to open new stores in the Delhi-NCR region

Ashok Leyland explores autonomous Stallion, drones for armed forces

The commercial vehicle maker is also developing a hydrogen-powered Stallion and targeting defence mobility opportunities worth ₹11,000 crore over the next three to five years

Mukesh Ambani's Reliance Group enters Mumbai slum redevelopment sector

The tender also attracted bids from metals giant JSW Group and conglomerate Shapoorji Pallonji Group

Prestige, BACL plan integrated convention destination in Bengaluru

The 1.5 million sq ft development near Bengaluru airport will house a convention centre, performing arts venue, hotels, offices and retail spaces, with completion targeted by 2031

NCLT admits SBI's personal insolvency plea against Anil Ambani

A division bench comprising Judicial Member Sushil Mahadeorao Kochey and Technical Member Prabhat Kumar admitted the application through an oral order

Indian Overseas Bank raises rates on select fixed deposits by 10 bps

The state-owned lender has increased rates on select non-callable domestic fixed deposits, while Unity Small Finance Bank has revised rates on its 501-day scheme

NCLT admits SBI's plea to start insolvency process against Anil Ambani

The Mumbai bench of the NCLT admitted SBI's application seeking recovery of more than Rs 1,200 crore from Ambani under provisions of the Insolvency and Bankruptcy Code