Page 23 - Company News

'No pressure to go IPO': PhonePe doubles down on AI transformation push

With its listing paused amid West Asia tensions, the Walmart-backed fintech is racing to automate operations for 650 million users

Bike, auto services do not compete with each other in India market: Uber

Uber says Bike and Auto services are complementary in India, expanding the ride-hailing market and serving distinct mobility needs without cannibalising demand

Google launches Personal Intelligence feature for Gemini users in India

Google rolls out Personal Intelligence for Gemini users in India, enabling personalised responses using Gmail, Photos and other apps, with privacy controls and gradual access

Nuvoco Vistas Q4 FY26 profit falls 15% despite rise in revenue, volumes

Nuvoco Vistas reports a 15 per cent year-on-year decline in Q4 FY26 profit, even as revenue, volumes, and Ebitda grew on strong demand and premiumisation

PhysicsWallah set to acquire stake in test-prep platform Rojgar With Ankit

While the financial details are not known, according to sources the transaction is likely to be valued at around Rs 300-400 crore

Everstone invests $270 mn in Apothecon-Navinta specialty pharma platform

The deal creates Apothecon Group, a specialty pharma company focused on regulated markets in the US, Europe and India, with plans to expand its pipeline, footprint and acquisitions

GAIL to invest Rs 3,800 crore in 700 MW solar projects in UP, Maharashtra

GAIL will set up 700 MW solar projects in Uttar Pradesh and Maharashtra, taking its renewable capacity to over 1,000 MW and supporting its net zero and energy transition goals

Amazon to buy Globalstar in $11.57 bn deal to rival Musk's Starlink

Amazon has been working to ramp up its network by deploying about 3,200 satellites in Earth's low orbit by 2029, with roughly half required to be in place by a July 2026 regulatory deadline

Volkswagen bets on pricing, buyback as Taigun starts at ₹10.99 lakh

Volkswagen India launches updated Taigun at Rs 10.99 lakh, introduces a buyback programme and adds features to attract buyers amid rising competition in the compact SUV segment

Fitch upgrades Shriram Finance long term foreign currency ratings to BBB-

Fitch has upgraded Shriram Finance's long-term IDR to BBB- after MUFG Bank's 20 per cent stake acquisition, citing improved capitalisation, funding access and support outlook

Poonawalla Fincorp raises Rs 2,500 crore via QIP to fund growth plans

The NBFC raised Rs 2,500 crore through a QIP from institutional investors to support growth opportunities, expand lending operations and diversify its asset portfolio

What TCS's FY27 hiring plan tells about shifting fresher model in Indian IT

Is this a temporary slowdown driven by demand uncertainty, or the beginning of a structural change in how large IT firms build their workforce in the age of AI?

SharkNinja enters India, eyes local production under Make in India

US-based appliance maker SharkNinja has entered India with select products and plans local manufacturing, aiming to tap growing demand across online and offline channels

Birla Estates receives bookings of ₹650 crore at Bengaluru project

Developer sells over 85 per cent of launched inventory in Bengaluru project, with cumulative bookings across phases nearing ₹2,459 crore amid strong demand in Devanahalli

Lodha Developers expects ₹2 trillion revenue from monetisation of land bank

In the last few years, Lodha Developers has been aggressively acquiring land, both through outright purchases and joint ventures with land owners

US opposes Adani push to shift cargo carriers to new Mumbai airport

US Department of Transportation wrote to India's aviation ministry in March, arguing that Adani Airport Holdings Ltd.'s push to relocate freighters violates the bilateral Air Transport Agreement

Shapoorji Pallonji Group seeks to delay paying $1.5 billion of debt

Shapoorji Pallonji Group seeks to delay ₹14,300 crore debt repayment amid refinancing challenges and market volatility linked to its Tata Sons stake

UltraTech takes centre stage as it phases out 3 iconic South Indian brands

UltraTech Cement has phased out legacy South Indian brands Sankar, Coromandel, and Raasi after acquiring India Cements, as part of a strategy to unify branding and improve quality

Nadir Godrej to retire in August; Pirojsha Godrej to succeed as chairman

Nadir Godrej will retire as chairman of Godrej Industries Group in August, with Pirojsha Godrej set to take over as chairperson amid broader leadership changes

IBC overhaul aims to cut delays and boost recoveries: Icra report

IBC amendments introduce a creditor-led fast-track insolvency route, tighten timelines and reduce procedural bottlenecks to improve recoveries and speed up resolutions