Page 255 - Company News

Google Cloud elevates Sashikumar Sreedharan as MD for India business

A veteran with 30+ years in tech, Sreedharan will lead India's go-to-market ops for Google Cloud as Bikram Singh Bedi moves to regional strategy initiatives

Shell acquires Raj Petro Specialities to strengthen lubricant portfolio

Raj Petro, which has manufacturing facilities at Chennai and Silvassa, offers a wide variety of products ranging from transformer oil to petroleum jellies, white oils, waxes and lubricants

Coal India, Hindustan Copper to work together in critical mineral sector

State-owned CIL on Tuesday said it has signed an MoU with Hindustan Copper to work together in the critical mineral sector.

Starbucks' top China rival Luckin Coffee opens first US stores in NYC

China's largest coffee chain Luckin Coffee opens its first stores in New York with high-quality coffee at affordable prices and mobile-first service

Ireda's loan sanctions rise 29% to ₹11,740 cr in Q1; disbursements up 31%

The company's outstanding loan book was at Rs 79,960 crore as on June 30, 2025, reflecting 27 per cent increase over Rs 63,207 crore in the year-ago period

Hero Motors files draft papers for ₹1,200 cr IPO; looks to reduce debt

The company will issue fresh shares worth up to ₹800 crore while its existing shareholders will sell shares worth up to ₹400, the draft prospectus showed

Akasa Air's net loss widens to ₹1,983 crore in FY25 as costs, delays rise

While Akasa slipped further into the red, the other three major Indian airlines - IndiGo, SpiceJet, and Air India - fared much better in FY25

IndusInd submits MD & CEO candidate list to RBI before 30 June deadline

Private lender IndusInd Bank has submitted three names for the MD & CEO role to the RBI after senior exits, with Axis Bank's Rajiv Anand reported to be the top choice

Cloud kitchen operator Curefoods' investors rush for exits ahead of IPO

Curefoods files for ₹800 crore IPO with investor exits led by Iron Pillar and Accel, even as the firm shows revenue growth and plans brand expansion

Sona Comstar plans domestic magnet production to cut China imports

China, which produces around 90 per cent of the world's rare earth magnets, put restrictions in April on their exports as part of its response to US tariffs

AMG acquires 17.5% stake in Greenko Energy Holdings for $1.4 billion

AMG will own 25 per cent stake, including AMG promoter's current share, in Greenko post-closing of this transaction in July

Zupee hits 150 million users, gameplay count doubles in eight months

Gaming platform Zupee has reached 150 million lifetime users and 12.5 billion gameplays, doubling usage since November 2024 through its skill-based formats

Sony India targets ₹10K crore revenue in 3 years: MD Sunil Nayyar

Audio and imaging will be the two big drivers of growth for the company's revenue goals, he said. He added that the company is also working to create demand in the imaging segment

Torrent secures ₹20,000 crore credit line for JB Chemicals buyout

Torrent is acquiring a 46.39 per cent stake in JB Chemicals from KKR & Co. for about ₹11,917 crore, and an additional 2.8 per cent stake from employees for roughly ₹719 crore, both at ₹1,600 per share

Good monsoon, better macros to drive growth in near term: HUL's Paranjpe

HUL Chairman Nitin Paranjpe says easing inflation, tax relief and monsoon hopes will boost the economy; highlights AI, ONDC, and digital commerce at AGM

Vietnamese EV major VinFast ties up with myTVS to boost after-sales service

The Vietnamese firm's $2 billion manufacturing plant in Tamil Nadu's Thoothukudi is expected to start production of EVs in the next two months to cater to the domestic Indian market

Mahindra group's top executives witness up to 98% jump in salaries

Anish Shah and Rajesh Jejurikar received pay hikes of up to 98 per cent in FY25 as Mahindra Group delivered strong growth in its automobile and farm sectors

Investment firm Recognize raises $1.7 bn for second digital services fund

Francisco D'Souza's firm closes second fund in under five months, targets mid-market digital services firms and completes multiple exits including to IBM, Insight

Zoomcar narrows net losses to $25.6 million in FY25 on lower expenses

Zoomcar had logged a net loss of $34.27 million in the previous fiscal, the company said in a statement

Fitch raises Boeing's outlook to stable as finances, production improve

The revision in outlook comes as a relief for Boeing, which has resolved its labor dispute and is undergoing a broader transformation under current CEO Kelly Ortberg