Page 202 - Company News

Automobiles to pharma & healthcare: India Inc earnings stay in slow lane

Corporate profits remained weak in Q1FY26, amid single-digit growth in revenues for the ninth consecutive quarter

ACME Solar secures ₹15,000 crore debt funding for greenfield projects

The company wants to increase capacity to 7 Gw by 2028 through hybrid and renewable projects, including firm and dispatchable renewable energy (FDRE), he said

Food biz may be bigger than edible oil in 3-4 years, says Marico MD

Marico, whose foods business has crossed the Rs 900 crore-mark in FY25, is expanding in the segment by introducing Saffola oats, honey, and snacks, among other products, in the fast-growing wellness s

IRCTC harbours fintech ambitions with new payment aggregator entity

With RBI's in-principle nod for IRCTC Payments, the rail PSU plans to process transactions in-house, cut costs, and expand payment services beyond railways

Jeera drink space hots up as Coca Cola strengthens play with RimZim

Relaunched in 2018, Coca Cola had acquired the cumin-flavoured Rimzim from Parle in the 1990s, but is only pressing the pedal on it now. The company did not respond to email queries

SpaceX gets billions from US govt but gives little to nothing back in taxes

Tax experts said that not having to pay $5 billion in federal income taxes was substantial and notable for a company that has relied on contracts with the US government to an unusual degree

Ola Electric targets global market with ₹5 lakh Diamondhead EV motorcycle

Ola Electric unveils the Diamondhead EV motorcycle with a Rs 500,000 price tag, aiming for global market expansion, while integrating a homegrown 4680 battery into key scooter and motorcycle models

Muthoot Finance to inject ₹200 crore into home loan arm for growth

Muthoot Finance plans to invest Rs 200 crore in its housing finance subsidiary, Muthoot Homefin, for growth, as the home loan arm's assets under management rise 41% in Q1 FY26

Swiggy hikes platform fee to ₹14 in select regions for festive season

Swiggy temporarily raises platform fee from Rs 12 to Rs 14 in select regions during the festive season to manage high demand, with the hike expected to be rolled back soon

EaseMyTrip sees 81% surge in hotel, holiday bookings in June quarter

Hotels and holiday package bookings grew by 81.2 per cent year-on-year, rising from 1.8 lakhs to 3.3 lakhs, the firm said in a statement

RSB Retail files draft IPO papers with Sebi, seeks to raise ₹1,500 cr

The Hyderabad-based company plans to utilise the net proceeds to the tune of ₹275 crore for payment of debt, ₹118 crore for setting up of new stores

BSNL launches 4G services in Delhi via partner network access arrangement

With this BSNL new customers will get instant 4G availability across Delhi on supported handsets

Mahindra unveils Vision 2027 to expand SUV lineup, target global markets

Mahindra is already looking at exporting its electric vehicles to the UK, leveraging improved trade opportunities following the finalisation of the India-UK free trade agreement

NTPC becomes first PSU to adopt global standard for power supply continuity

Energy firm NTPC becomes first PSU in India's power sector to adopt ISO 22301:2019-based business continuity plan, ensuring uninterrupted operations during disruptions

PhonePe tops UPI in July with 8.93 bn transactions, 46% market share

PhonePe processed 8.93 bn UPI transactions in July, ahead of Google Pay's 6.92 bn, as total UPI volume hit a record 19.46 bn worth ₹25.08 tn, NPCI data shows

Muthoot Microfin targets ₹20,000 crore AUM by FY27: CEO Sadaf Sayeed

Muthoot Microfin plans to grow AUM from ₹12,253 cr to ₹20,000 cr by FY27, raising secured loan share to 35% through LAP, gold co-lending and individual lending products

Cognizant to increase salaries for majority of employees from November 1

Top pay hikes in India to be in high single digits

Noel Tata's nomination to Tata Sons board approved at 107th AGM

Tata Sons' 107th AGM saw shareholders clear Noel Tata's appointment, other board changes and a higher dividend, with FY25 profit down on lower investment gains

SC rejects Pernod Ricard's plea over London Pride whisky trademark dispute

The courts below also correctly observed the products in question are premium and ultra-premium whiskies, targeted at a discerning consumer base, it added

NCLAT upholds insolvency proceedings against Supertech Realtors

NCLAT has upheld an NCLT order to begin insolvency proceedings against Supertech Realtors over a ₹168 crore default, rejecting a revised settlement proposal from its promoter