Page 271 - Company News

Raymond Realty eyes 30% rise in FY26 sales on robust housing demand

Raymond Realty, which is getting listed on stock exchanges on July 1 after demerger from Raymond Ltd, will launch six residential projects this fiscal year in the Mumbai Metropolitan Region

Bharat Biotech, GSK to slash malaria vaccine price to $5 per dose by 2028

The vaccine, Mosquirix or RTS,S, was developed by GSK and the non-profit PATH, and was the first malaria vaccine to get approval from the World Health Organization in 2022

'AI is our future, not a side bet', says Ambani on Reliance's next big leap

Mukesh Ambani says Reliance will use artificial intelligence and deep tech to build its next phase of growth, calling it the company's biggest leap after telecom and energy

Jiohotstar closes in on Netflix, overall subscriber base touches 300 mn

Recently concluded edition of the Tata IPL seemed to be aiding in the subscriber addition, which had stood at just 50 million in February as per a media report

HDB starts taking orders for one of India's biggest IPOs this year

The shares are being marketed from Wednesday at ₹700 to ₹740 each, valuing the company at as much as $7 billion

Cholamandalam MS General Insurance likely to go public in five years: MD

The insurer aims to grow 1.25x of industry rate in FY26, reduce motor share and touch Rs 10,000 crore premium this year, with an IPO likely within five years

Cos aim to boost revenue with AI, not just reduce cost: Automation Anywhere

With agentic AI and automation, enterprises are now targeting topline growth over just cost savings, says Automation Anywhere, as adoption spreads beyond GCCs

Amazon India extends Prime Day to 3 days as it pushes into smaller cities

Amazon India expands Prime Day 2025 to three days, boosts logistics and delivery to deepen Prime adoption in smaller cities and tap rising quick-commerce demand

Tata Group secures top spot as India's most valuable brand: Report

Tata Group becomes India's first brand to surpass $30 billion in value, leading Brand Finance's 2025 rankings and signalling rising global strength of Indian firms

Glenmark Pharma launches lung cancer treatment drug Tevimbra in India

Tevimbra is developed by BeiGene (now BeOne Medicines), a global oncology leader. This launch marks Glenmark's first foray into immune-oncology in India

Govt cancels Pankaj Dwivedi's appointment as Union Bank executive director

In an unusual step, the Centre cancels Pankaj Dwivedi's appointment as Union Bank ED without citing a reason, following reports of a pending sexual harassment chargesheet

Novo Nordisk launches Wegovy in India to rival Eli Lilly's weight-loss drug

Wegovy enters the Indian market as the first GLP-1 drug approved for both weight loss and cardiovascular risk reduction, competing with Eli Lilly's Mounjaro

Utopia secures $1.5 mn from Whale Tank to develop obesity vaccine

Hyderabad-based biotech Utopia Therapeutics raises seed funding from Whale Tank to accelerate preclinical work on its novel immunotherapy vaccine targeting obesity

No impact on CV exports due to the West Asia tensions: Ashok Leyland

Ashok Leyland says CV exports remain unaffected by West Asia tensions and aims to raise market share in northern India to 30 per cent in two to three years

Biocon's ₹4,500 crore equity raise to reduce debt by FY26, says S&P

S&P says Biocon will bring down adjusted debt to Rs 20,000 crore by FY26 through equity issuance, with strong cash flows aiding deleveraging and future capex needs

Hindalco Industries to acquire US-based AluChem for $125 million

Hindalco to acquire 100% equity in US-based specialty alumina maker AluChem for $125 million through Aditya Holdings LLC, aiming to double global alumina capacity by FY30

Walmart reaffirms commitment to hike India sourcing to $10bn by 2027

Walmart CEO Doug McMillon says the firm's sourcing from India is expanding beyond limited categories as it doubles down on MSME empowerment and digital growth

Adani Group to invest $100 bn, targets 100 GW total power capacity by 2030

Adani Green, the group's renewable company, aims to achieve 50 GW (gigawatt) of capacity and thermal power producer Adani Power 31 GW

HCLTech, AMD launch innovation labs, training to fast-track enterprise AI

HCLTech and AMD partner to build innovation labs and enterprise training modules that combine AMD chips with HCLTech's expertise in digital transformation and AI

Adani Group raises $1 billion to refinance debt for Mumbai airport

Mumbai International Airport Ltd (MIAL), a unit which operates India's second largest airport, will use the proceeds to refinance debt raised in 2022, it said in a statement