Page 22 - Company News

HDFC Bank eyes digital rupee for rewards, allowances, in-flight payments

Bank is developing digital rupee gift vouchers, corporate payouts and offline payments on flights, while integrating its CBDC wallet with BHIM for merchant payments

Airtel Money files for London IPO through offer for sale by shareholders

Airtel Africa's payments arm said existing shareholders will sell shares in the offer, with no new capital to be raised by the company

Temasek takes minority stake in Romsons Group to back expansion and M&A

Singapore's Temasek has taken a minority stake in Romsons Group to support the medical devices maker's expansion in India and overseas and explore potential acquisitions

Amazon Pay India FY26 net loss widens to ₹1,148.5 crore, revenue up 18%

Digital payments firm Amazon Pay India Pvt Ltd has reported a widening of its standalone net loss to Rs 1,148.5 crore for the financial year ended March 31, 2026

MSME lending may reach ₹2.6 trillion in July-December 2026: FlexiLoans

FlexiLoans expects lending to small businesses to reach Rs 2.4-2.6 trillion in July-December 2026, driven by festive demand and growing digital commerce in non-metro markets

PhysicsWallah plans deeper expansion across South India in next two years

Founder Alakh Pandey says he will be based in South India for 24 months as PhysicsWallah expands in five states and partners with Mohan Babu University on online courses.

NTPC pays ₹3,394 crore as final dividend to its shareholders for FY26

State-owned NTPC has paid a final dividend of Rs 3,393.83 crore to its shareholders for FY26.

Ultraviolette raises $85 mn to expand EV production, enter US market

Yali Capital and TDK Ventures led the funding round as the Indian electric two-wheeler maker prepares to enter the US in 2027 and expand across Latin America and Southeast Asia

Awfis launches 100,000 sq ft premium workspace centre in Delhi Aerocity

The Elite by Awfis centre at Prestige Trade Centre offers built-to-suit and ready-to-move-in spaces, targeting GCCs and large enterprise occupiers

LG, Samsung face India tariff evasion investigation over OLED TV parts

Indian officials alleged the companies wrongly claimed a concessional 5% tariff on imported OLED glass screens called open cells, arguing the rate has for years been reserved for the older LCD, LEDs

E-2W maker Ultraviolette raises $85 mn to scale production, expand presence

The Bengaluru-based electric two-wheeler maker will use the fresh capital to expand production, develop new EV platforms and strengthen its overseas presence

Amazon opens first fulfilment, sort centres in Varanasi for festive season

Amazon said the Varanasi expansion is part of its nationwide network expansion, involving 20 new fulfilment centres, six sort centres and 150 last-mile delivery stations

Instamart plans to expand battery-swapping stations network to boost EVs

Instamart is working with Yuma Energy to bring battery-swapping infrastructure closer to delivery partners by providing space at its PODs (dark stores) for Yuma's swapping stations

SP Group's funding squeeze persists amid uncertainty over Tata Sons IPO

SP Group is in talks with lenders to exercise a so-called greenshoe option on an existing ₹21,350 crore facility that would allow it to raise an additional ₹3,500 crore

400 Wipro trainees face over 5-yr wait for full-time roles after hiring

Wipro has reportedly delayed permanent onboarding for at least 400 WILP trainees, some of whom may now spend more than five years in the programme before becoming full-time staff

Airtel Money files for potential London IPO of at least $800 million

The mobile payments firm, part of Airtel Africa Plc, said on Wednesday that it is considering listing on the London Stock Exchange

Five pivotal figures shaping the battle for $185 billion Tata Group

On one side is family patriarch Noel Tata, who heads Tata Trusts, on the other is N Chandrasekaran, Tata Sons' chairman with no links to the founding family but a slew of powerful corporate backers

Dixon Technologies eyes growth beyond smartphones to add global clout

The contract manufacturer is seeking higher margins by making electronics components like camera modules, while deepening its smartphone and laptop production

Tumult at Bombay House: Tata Sons, Trusts were ready for casting vote clash

While legal opinion to Tata Sons is dated Sep 16, Tata Trusts had it for over three months

Tumult at Bombay House: Many ways to split Tata Sons' sprawling empire

Noel Tata proposes carving up the group's ₹1.8-trillion asset portfolio into smaller, sector-specific entities to bypass the central bank's mandatory public listing threshold