Page 29 - Company News

Arnifi expands India footprint with new Bengaluru office, plans to hire 100

This new setup, located in Bangalore, marks a major expansion of its presence in India, the founder said

HDFC Capital, Hero Realty set up ₹1K cr platform for mid-income housing

HDFC Capital has tied up with Hero Realty to build a Rs 1,000 crore mid-income housing platform aimed at accelerating development across Tier 1 and Tier 2 cities

Mahindra launches XEV 9S electric SUV at a starting price of ₹20 lakh

Bookings for the vehicle will open on January14, with deliveries starting on January 23, Mahindra, India's second-largest SUV manufacturer by volumes, said

Leela Palaces acquires 25% stake in Dubai's Sofitel The Palm FZE

Leela Palaces, Hotels and Resorts has taken its first major step overseas with a 25 per cent stake in Sofitel The Palm FZE, a luxury beachfront property on Palm Jumeirah

Airtel MD urges users to shift to its Payments Bank amid cyber fraud surge

Airtel MD Gopal Vittal has advised users to shift routine digital payments to Airtel Payments Bank, noting that keeping all transactions linked to one main account increases fraud vulnerability

Tesla aims to roll out new charging network to boost EV adoption in India

Tesla aims to make charging easier across India with new stations, encouraging more people to switch to electric vehicles

KKR-backed Serentica may raise up to $8 bn to double clean energy capacity

It currently has 2 GW of installed solar and wind capacity and 2 GW of capacity due to be commissioned within the next 10 months

Generic drugmakers to slash price plans as Novo cuts Wegovy rates

Novo Nordisk cut Wegovy prices by up to 37 per cent across different doses to compete with rival drug Mounjaro from Eli Lilly

Tata Power plans Rs 10,000 cr ingots and wafers plant in Odisha

The company, which currently has 4.55 GW of cell and module manufacturing capacity, aims to backward integrate ingots and wafers into its solar cell and panel production

Mahindra Holidays eyes to open first luxury Signature Resort in FY27

With its foray into the leisure hospitality segment, Mahindra Holidays & Resorts India Ltd (MHRIL) has increased its total number of targeted rooms to 12,000 by FY30

Paytm arm PPSL gets RBI approval to operate as payment aggregator

The banking regulator had also removed restrictions from Paytm Payments Services Limited on onboarding new merchants, which were imposed on the company on November 25, 2022

Patel Engineering gets ₹800 crore mining-related work order in Chhattisgarh

The company also looks to participate in business opportunities worth ₹18,000 crore expected to come up for bidding before the end of this financial year

Cloudextel secures ₹200 cr debt to boost AI-ready digital infrastructure

The capital infusion is complemented by a proportional follow-on equity investment from CloudExtel's existing shareholders to support its expansion plans, according to a company statement

Vodafone Idea unit cuts debt issue size, aims for December completion

The unit of India's third-largest wireless carrier will now raise around ₹3,200 crore ($359 million) through bond sales, down from ₹5,000 crore

Netflix outage hits users as Stranger Things season 5 drops today

Indian users across Tier-I cities, including New Delhi, Mumbai, Bengaluru, Hyderabad, and Kolkata, also reported problems with the app

Motilal Oswal seeks Sebi nod to raise ₹3,000 cr for first pvt credit fund

Motilal Oswal Alternate Investment Advisors aims to deploy funds mostly in mid-sized companies seeking to list themselves in the next two to three years

myTVS eyes Africa, Europe as it plans 2,500 service centres by 2027

myTVS aims to expand into Africa and Europe and scale its multi-brand service network from 1,200 to 2,500 centres by 2027, supported by 10 million active service subscriptions and a UAE partnership

Paytm gets final nod from RBI to operate as a payment aggregator

PPSL, a subsidiary of One 97 Communications, has received RBI's final authorisation to operate as a payment aggregator, enabling unrestricted merchant onboarding after earlier curbs were lifted

Eternal infuses ₹600 cr into Blinkit as qcom expansion accelerates

Eternal has invested another ₹600 crore in Blinkit to support expansion and operating needs, marking its third infusion this year as competition in India's quick commerce space intensifies

May open engine unit in India if more Rafales ordered: Safran CEO

Safran says it could establish an M88 engine assembly line in India if large Rafale orders are placed, as the firm expands Leap and M88 MRO facilities and triples India revenue by 2030