Page 211 - Company News

Kyndryl to invest $2.25 billion in India over the next three years

As part of the investment, the company will also establish an AI lab in the country, in addition to focusing on talent development

Vedanta approves ₹6,256 cr interim dividend; VRL to get ₹3,503 cr

Vedanta's board cleared a ₹16-a-share interim dividend totalling ₹6,256 crore, with 56 per cent set to flow to parent Vedanta Resources as it battles heavy debt

Lava International in talks with PE funds to raise ₹500-600 crore

To sell 10-15% stake; planned IPO pushed to FY27

IDBI Bank divestment likely to close this FY: Dipam Secy Arunish Chawla

Dipam Secretary Arunish Chawla said IDBI Bank privatisation should conclude by March 2026 as bidders complete due diligence, with FY26 disinvestment proceeds set to exceed targets

Flipkart and China businesses lift Walmart's sales numbers in Q2FY26

Walmart, which follows February-January financial year, reported a $32.7 billion in sales from its international business, registering a growth of 10.5% on constant currency terms

Need GST Council-like bodies to boost infra growth: Tata Power CEO Sinha

Sinha says power sector requires ₹3 trn in funding over 5 years

Suneeta Reddy to sell 1.25% stake in Apollo Hospitals for ₹1,395 crore

Apollo Hospitals MD Suneeta Reddy plans to sell her 1.25% stake worth Rs 1,395 crore through block deals, reducing her holding to 2.11%

Hindalco plans $10 billion investment over 5 years to boost value chain

At its AGM, Hindalco unveiled a $10 billion investment plan over five years to expand aluminium, copper and alumina operations, with its Dahej smelter set to become the largest outside China

Wipro acquires Harman's engineering R&D unit in $375 million deal

The acquisition will enhance Wipro's capabilities in domain-led design, connected products, and software platforms

Karnataka Bank aims ₹85K cr loan book by March 2026 as operations stabilise

After stabilising operations, Karnataka Bank aims to expand its loan book beyond Rs 85,000 crore by March 2026 with growth led by retail, agriculture and MSME lending

Foxconn names Robert Wu as India head; V Lee moves to global role

Under Lee, Foxconn India business crossed $20 billion and the headcount of the company grew close to 80,000

HUL appoints Niranjan Gupta as CFO-designate, effective September 1

Ritesh Tiwari will take over as Unilever's global head of M&A and treasury from November 1, while Niranjan Gupta returns to HUL as CFO-designate and management committee member

Vedanta board approves second interim dividend of ₹16 per share for FY26

The company had earlier announced a dividend of ₹7 per share in June this year. The first dividend had led to an outflow of ₹2,737 crore

Godrej Properties emerges as top bidder for Hyderabad land at ₹547.75 cr

Godrej Properties has won a 7.83-acre land parcel in Hyderabad's Kukatpally for Rs 547.75 crore, with plans to develop premium residential apartments near HITEC City

Wipro to acquire Harman's digital arm for $375 mn in AI services push

Under the deal, more than 5,600 employees from the DTS unit across the Americas, Europe and Asia will move to Wipro once the transaction is completed by year-end

TVS launches new electric 3-wheeler model to target cargo vehicle market

The company had forayed into the electric three-wheeler segment earlier this year with the launch of the King EV MAX to cater to the passenger segment

Motilal Oswal Alternates' PE fund raises $800 million in first close

Motilal Oswal Alternates surpasses its $750 million target by raising $800 million in the first close of its fifth private equity fund, with a final close expected by October

Nova IVF Fertility introduces AI into IVF labs for precise embryo selection

Nova IVF Fertility introduces AI-powered Vita Embryo across 120 clinics in India, improving IVF success rates and accuracy, in partnership with South Korea's Kai Health

Nova Fertility Clinic to use AI for greater precision in embryo selection

Hyejun Lee, CEO of Kai Health, said, Our research indicates that AI intervention increases the precision of embryo selection by 12%

JSW Sarbloh Motors forms JV with Tomcar USA to make ATVs locally in India

Phoenix, Arizona-based Tomcar is a manufacturer of high-performance all-terrain vehicles (ATVs) designed for military, commercial, and industrial operations