Page 2 - Company News

France's Carrefour returns to India, open to acquisitions for growth

As Carrefour plans to expand in India, Patrick Lasfargues, executive director - international partnership, Nilesh Ved, chairman of APPCORP Holding, owner of Apparel Grp. spoke on its India market plan

Cost pressures likely to impact near-term margins of cement companies

Higher fuel, freight and packaging costs could keep profitability under pressure, while cement demand is expected to regain momentum in the second half of FY27

Aditya Birla Group launches wires, cables business with ₹1,800 crore bet

Backed by an investment of Rs 1,800 crore, Ultravolt will start at a pan-India scale and aims to reach over 100,000 retailers and 5,000 UltraTech outlets

Companies not cutting jobs due to AI: Microsoft Indi's Puneet Chandok

Microsoft India and South Asia President Puneet Chandok says the transition to AI requires new skills, ways of working and organisational structures across companies

UBL targets mid-teens growth as premiumisation, beer reforms aid outlook

United Breweries sees significant headroom in India's underpenetrated beer market, with premiumisation, state-level reforms and productivity measures driving growth

Kenyan Prez ousts Tata Chemicals from 100-yr-old soda-ash mineral operation

The president said he asked a unit of the Mumbai-based company "to pack and go" because it has been exporting soda ash rather than using it at local facilities to make glass and chemicals.

Nvidia buys AI platform Hugging Face from OpenAI in a $13 billion deal

Buying Hugging Face is the biggest move yet in Nvidia Chief Executive Officer Jensen Huang's push to broaden the uptake of AI and extend his customer list.

Constl secures $90 mn project financing led by NaBFID for fibre expansion

The company said the financing will support the rollout of greenfield fibre networks across emerging AI corridors in India and investments in next-generation network technologies

Beams Fintech Fund leads ₹215 crore investment in MSME lender BNF

The round also includes Baring Private Equity India, Saison Capital and Unleash, with Beams and its affiliates set to hold over 26% of BNF on a fully diluted basis

Can brand SRK help revive brand Vi? What his endorsement history shows

Vodafone Idea has brought in Shah Rukh Khan for its brand makeover, but experts say star power must be backed by network and business improvement

Swiggy's concierge platform Crew enters travel segment with AI support

The offering, available to paid members and invited travellers, provides AI-supported assistance with itineraries, reservations, transport and other travel needs

Cradlewise raises $12 million in Series A round led by 3one4 Capital

The AI-first health and wellness startup plans to use the fresh capital for growth, channel expansion, product research and development, and geographic expansion

Kumar Mangalam Birla's unit draws $2.5 billion in bids for buyout loan

An Aditya Birla Group unit has secured up to ₹24,000 crore in loan commitments from four banks for its planned acquisition of Shell's renewable energy assets in India

CEO's refusal to overhaul fueled surprise HDFC Bank leadership shakeup

Rajiv Kumar urged HDFC Bank CEO Sashidhar Jagdishan to accelerate loan growth, step up technology investments and address legacy issues, sources said

VLCC raises ₹110 crore from BlackSoil Capital to support expansion

The Carlyle-backed beauty and wellness company will use the financing for new products, store network expansion and growth across services, personal care and international markets

FSSAI takes action against British Life Sciences over expired infant food

FSSAI has taken action against Bengaluru-based British Life Sciences after finding misbranded and expired infant food; it also ordered 3.7 MT of expired products to be destroyed

HDFC Bank at risk of losing top Nifty spot to ICICI amid leadership turmoil

HDFC Bank's weighting in the Nifty 50 has fallen to 9.81 per cent, narrowly ahead of ICICI Bank, as the CEO's exit and governance concerns deepen the lender's sell-off

Tata Trusts gets all-clear from charity regulator on NRTT share transfer

This comes at a time when the Tata group is witnessing a leadership crisis amid a deepening rift between Tata Sons and its largest shareholder Tata Trusts

La Caisse acquires 24% stake in Altius Telecom for ₹12,100 crore

Investment comes ahead of Altius' planned transition to a publicly listed InvIT through an offering expected to raise around Rs 6,000 crore

Lyte raises $165 million funding, valuation jumps 3x to $1.6 billion

The latest financing was led by Maverick Silicon, according to a statement on Wednesday, with participation from existing investors, including Fidelity Management & Research