Page 220 - Company News

Sunil Mittal to offload 0.8% stake in Bharti Airtel, eyes ₹9,300 crore

Proceeds likely to be channelled towards purchase of stake in Haier India

Fintech firm BharatPe eyes funding round ahead of IPO, says CEO Nalin Negi

After posting a Rs 6 crore profit in FY25, BharatPe plans a pre-IPO round and aims for a fully PAT-positive business before listing, says CEO Nalin Negi

Fluctuating tariffs, global strains curbed energy demand, says RIL

Firm identifies quartet of risks to watch through FY26 in its annual report

Reliance Retail capex jumps 37.5% to ₹33,696 cr, liabilities up 17.33%

The company, which has acquired a host of brands and also launched in-house brands ranging from soap to cola, has emerged to become one of the fastest growing FMCG companies in India

Dabur targets double-digit growth as monsoon, inflation trends align

Chairman Mohit Burman says easing inflation and a normal monsoon support Dabur's strategy to grow revenue and profit via premiumisation, acquisitions, and rural expansion

India's retail sector among fastest growing consumer markets globally: RIL

Reliance says India's retail sector is poised for sustained growth, backed by tech, rural demand, and income gains, while citing challenges in rentals and manpower

LIC to explore composite insurance model once allowed, says MD & CEO

LIC may become a composite insurer offering general and health cover once Parliament clears the new policy, but has not finalised a health insurance acquisition plan

IFC commits $150 mn to HDFC's H-DREAM fund for green, affordable housing

The move aims to advance green affordable housing and expand sustainable financing for property developers in India

Apple leads global tech rally as Trump spares key chipmakers from tariffs

Trump said the new tariff rate would apply to "all chips and semiconductors coming into the United States," but would not apply to companies that had made a commitment to manufacture in the US

Net office leasing in top 6 cities likely to sustain at record levels: ICRA

Quoting data of PropEquity, ICRA said that the net absorption stood at a record 65 million square feet in 2024-25 (14 per cent YoY growth) across India's top six cities

Hinduja Group appoints Anand Agarwal as Group President - Finance

Hinduja Group is one of India's premier diversified and transnational conglomerates, employing about 200,000 people across 38 countries

Sumadhura Group invests ₹1,000 cr in Capitol Towers for commercial use

Sumadhura Group secures long-term leases from global tenants at its Capitol Towers tech park in Whitefield, projecting Rs 50 crore annual revenue from 5 lakh sq ft of space

Travel aggregator MakeMyTrip targets 'Bharat' with GenAI travel assistant

Company aims to attract first-time online travel buyers from Bharat with voice-and-text GenAI planner, expanding reach as domestic tourism demand continues to rise

Coal India allows thermal plants to trade surplus power in open market

Under the previous policy framework, electricity produced using Coal India Ltd's linkage coal could not be traded in the open market, regardless of whether it was surplus

Reliance unveils four tech-driven growth engines for future expansion

Parallelly, Reliance is reshaping itself into a new-age deep-tech enterprise, he said in a message to shareholders in the firm's latest annual report

Jio eyes 6G lead, to expand AI via JioBrain for internal, industry use

With 191 million 5G users, Jio is expanding AI through JioBrain, investing in 6G, fibre and satellite platforms, and driving global tech leadership with local R&D

Fintech firm BharatPe clocks Rs 6 crore in profitability in FY25

BharatPe reported Rs 6 crore adjusted pre-tax profit in FY25, driven by revenue growth, UPI transactions, NBFC consolidation, and RBI's nod for payment aggregation

SAP Labs opens second campus in Bengaluru with €194 mn investment

The new facility will host 15,000 employees as SAP strengthens its AI-led R&D footprint in India, its largest base outside Germany, aiming to double client productivity

Nayara seeks India's help to ship fuel as EU sanctions disrupt operations

Nayara Energy has asked the Indian government for help with fuel shipping and payments after EU sanctions disrupted its operations and made it hard to find vessels and banking support

JSW Steel seeks higher met coke import quota to ease supply shortfall

India, the world's second-biggest crude steel producer, in June extended country-specific import quotas of so-called met coke for six months to the end of December