Page 2 - Company News

Two more HUL manufacturing units receive WEF Lighthouse recognition

HUL's Gandhidham and Pondicherry plants have been recognised by the World Economic Forum as Advanced 4IR Lighthouses, taking the company's total Lighthouse sites to five

PFC launches third public NCD issue, eyes ₹5,000 crore fundraising

The NCD issue offers multiple series with tenures of 5, 10 and 15 years, including a zero-coupon bond option, a first for a PSU in the public bond market

IHCL acquires 51% stake in Brij Hotels, strengthens boutique play

Brij Hospitality Private Limited has a portfolio of 22 hotels, including 11 hotels under development

GPL claims top spot among listed peers by bookings, collections in CY25

The company sold 16,428 homes with a total saleable area of 27.26 million square feet (msf), driven by 41 project launches across India during the year

Retail segment likely to weigh on RIL's Q3 show even as Jio, O2C shine

RIL's Q3FY26 earnings may be a mixed bag, with weakness in the retail business likely to offset strong performance in Jio and refining-led gains in the O2C segment

BlackRock's assets hit record $14 trillion on fourth-quarter markets rally

As inflation eased and the job market cooled, the Federal Reserve turned more dovish, driving strong inflows into BlackRock's fixed-income products

Carlsberg India inaugurates new can line in Mysuru, invests ₹100 crore

Carlsberg India boosts capacity at its Mysuru brewery with a ₹100-crore canning line, deepening its Karnataka presence and backing long-term growth in India's beer market

Investec India partners Ravi Kapoor's SACS Partners to boost advisory biz

As part of the arrangement, veteran investment banker Ravi Kapoor, founder of SACS Partners, will take on a non-executive role as vice-chairman of investment banking at Investec India

KKR raises $2.5 billion to scale Asia-Pacific private credit platform

KKR has raised $2.5 billion for its Asia private credit strategy, highlighting strong investor appetite for performing, privately originated credit across the region

Flipkart taps former Tyson Foods executive Jane Duke for ethics role

Veteran compliance leader joins e-commerce giant amid efforts to strengthen oversight and institutional leadership ahead of an IPO

South Indian Bank posts strong Q3, profit up 9% to ₹374 crore, NPAs fall

Interest income also rose to ₹2,518 crore from ₹2,379 crore in the third quarter of the previous fiscal

BHEL begins supply of Vande Bharat train transformers from Jhansi unit

BHEL, in a statement, said the supply of underslung traction transformers for the prestigious Vande Bharat Sleeper Train project is a significant milestone in its 'Make in India' initiatives

Biocon raises ₹4,150 crore via QIP issue on strong investor demand

The QIP, which opened on January 12 and closed on January 14, attracted strong investor interest from a broad mix of domestic and international participants

Budget 2026 should boost private investment, ensure tax clarity: EY India

EY India says Union Budget 2026 should focus on tax certainty, private investment and sector reforms to support growth amid global uncertainty

Prestige Estates Q3FY26 sales bookings jump 39% to ₹4,184 cr on high demand

Sales volume stood at 2.99 million sq ft in the third quarter of this fiscal, while cumulative sales volume for the first nine months of FY26 reached 16.95 million sq ft

Musk's xAI limits Grok's ability to create images on X after backlash

The company also said that image creation and editing through the Grok account on X will now only be available to paid subscribers

SC to rule on Tiger Global's 2018 deal with Walmart in landmark tax case

Tiger Global and Indian tax authorities have been locked in a legal tussle over its 2018 stake sale in Indian e-commerce company Flipkart to Walmart worth ₹14,440 crore ($1.6 billion)

Bajaj Auto plans to take Chetak EV scooters to over 100 countries

Bajaj Auto is planning a phased expansion of its Chetak electric scooter to over 100 countries, focusing on localisation and its global distributor network rather than an aggressive rollout

Indian Railways awards €62 million loco maintenance contract to Alstom

French rolling stock maker Alstom has secured a €62 million Indian Railways contract to maintain WAG-12B electric locomotives at the Sabarmati depot till 2031

RBI clears Japan's SMBC to set up wholly owned subsidiary in India

Months after acquiring a 24.21% stake in Yes Bank, Japan's SMBC has received RBI's in-principle approval to set up a wholly owned banking subsidiary in India