Page 238 - Company News

IRB Infrastructure, InvIT clock 8% growth in toll revenue in Q1 FY26

IRB Infrastructure Developers and its InvIT report an 8% YoY growth in toll revenue, reaching Rs 1,680 crore in Q1 FY26 despite the early onset of the monsoon

Musk & Mumbai debut: EV maker Tesla to open first India store on July 15

Tesla will compete with its Chinese rival BYD, as well as domestic major Tata Motors in the Indian market

Intech Insurance Surveyors to assess Sigachi Industries' losses after blast

Company says they have taken insurance, which covers the plant, machinery, and employees

Foxconn's Chinese engineer recall: Govt confident in Apple's India plans

Foxconn has drawn up an alternative plan to rescue its India iPhone 17 production by bringing in experts mainly from Taiwan and the US

Burman family leads ₹1.5K cr fund infusion into Religare Enterprises

The Burman family, owners of Dabur and promoters of Religare, will contribute ₹750 crore-half of the total infusion-demonstrating their continued commitment to the financial services firm

Nadar family tops cash-rich promoter dividend income list in FY25

The Nadar family earned ₹9,906 crore from HCL Technologies in FY25, up from ₹8,585 crore a year earlier

X slashes premium and basic subscription prices by up to 48% in India

The social media firm has slashed premium account subscription fee for mobile app by about 48 per cent to ₹470 from ₹900 it charged earlier on a monthly basis

Wockhardt exits US generics biz, to focus on innovative portfolio

Wockhardt exits the US generics market after years of losses, shifting focus to new antibiotic drug discovery and biologicals, including insulin, to create long-term value.

Hospital chain Ujala Cygnus appoints Nitin Nag as MD & CEO eyeing expansion

Most recently, Nag was Chief Operating Officer (COO) at Cloudnine Hospitals, where he led national expansion, introduced new services, and helped revive underperforming facilities

DigiPub moves Karnataka High Court against Centre's takedown directives

DigiPub News India Foundation challenged the Centre's content takedown directives, telling the Karnataka HC that media houses are vulnerable to subjective decisions made by officers issuing orders

Fintech firm Cashfree Payments plans to add 100 lenders for VKYC by FY26

Cashfree Payments aims to scale its AI-based Video KYC solution to 100 lenders by FY26, targeting RBI-regulated entities to improve conversion rates and reduce wait times

Avenue Supermarts reports flat net profit in Q1FY26 despite revenue growth

Avenue Supermarts posted flat net profit of Rs 773 crore in Q1FY26, while revenue grew by 16.3% to Rs 16,359.7 crore, driven by a 7.1% growth in older DMart stores

India Ratings upgrades RInfra's credit rating on non-fund based capital

The improvement in rating also reflects Reliance Infra's timely servicing of standalone debt obligations for three consecutive months ended 30 June 2025

Zomato and Tata Digital Unveil Cashback and Rewards for NeuCard Holders

The partnership between Zomato and Tata Digital offers cashback and loyalty rewards to customers using the Tata Neu HDFC Bank credit card for food orders on the platform

Adani Green Energy's operational renewable capacity rises 45% to 15,816 MW

It had an operational RE capacity of 10,934 MW in April-June 2024, a regulatory filing said

Wockhardt exits US generics business, files for liquidation of subsidiaries

The decision follows years of financial losses in the US generics business, including loss of nearly $8 million in FY 2025, Wockhardt said in a BSE filing

Raymond adopts AI, automation in HRMS to create future-ready workforce

In a bid to create an engaged and skilled talent workforce that is 'ready-for-the-future', the 100-year old group is leveraging AI and automation in people practices

Puravankara Q1 sales bookings rise 6% to ₹1,124 crore due to higher prices

In a regulatory filing on Friday, the company said it achieved sales value of ₹1,124 crore for April-June quarter as against ₹1,064 crore in the year-ago period

Mahindra Logistics to raise up to ₹750 crore through rights issue

Mahindra Logistics, a Mahindra Group company, plans to raise up to ₹750 crore through a rights issue to repay borrowings and for general corporate purposes

TVS Industrial & Logistics Parks lists ₹1,300 cr worth InvIT on NSE

TVS Industrial & Logistics Parks on Tuesday announced the listing of its InvIT TVS Infrastructure Trust on the National Stock Exchange, raising over Rs 1,300 crore.