Page 3 - Company News

Scapia raises $63 million in Series C round led by General Catalyst

Bengaluru-based travel fintech startup Scapia will use the fresh capital to scale travel offerings, expand AI capabilities and grow its customer base

Adani Ports to acquire Jaypee Fertilisers for ₹1,500 cr through insolvency

The acquisition aligns with the company's ambition to expand its MMLP (Multi-Modal Logistics Park) network from 12 to 16 and warehousing capacity by 4X by 2031

Rising freight rates amid global tensions hit steel sector: Tata Steel

India's steel industry has remained relatively insulated from global disruptions, due to strong domestic demand and lower dependence on imported finished steel

Adani Power to acquire 24% stake in JJPVL, key thermal assets for ₹4,194 cr

Adani Power has inked a Business Transfer Agreement for the acquisition of the 180 MW thermal power plant of Jaiprakash Associates located in Churk and other related assets

Maruti Suzuki Chairman R C Bhargava puts biogas ahead of hybrids

Cleaner fuel deserves stronger incentives, says Bhargava

NephroPlus sharpens global dialysis push as overseas business grows

NephroPlus said overseas markets now contribute nearly 42 per cent of revenue as the dialysis provider expands globally through acquisitions, PPP projects and clinic additions

Tata Power EV arm expands charging network on Delhi-Mumbai Expressway

Tata Power on Wednesday said its arm Tata Power EV Charging Solutions has expanded the ultra-fast EV charging network in collaboration with Indian Oil Corporation on the Delhi-Mumbai Expressway.

Wipro's long wait for a turnaround continues after more than a decade

Srini Pallia, the insider leading the company, is focusing on large deals to boost revenue

Legal battle over Yes Bank AT1 bond write-off reaches Supreme Court

The dispute stems from the 2020 reconstruction of Yes Bank, when Rs 8,400 crore of AT1 bonds were written down as part of the RBI-led rescue plan

CAG calls for closer ties with CCI to protect markets and public funds

Comptroller and Auditor General Sanjay Murthy said audit findings and competition enforcement must work together to safeguard public finances and ensure market integrity

Kalpataru Projects eyes ₹30K cr orders in FY27 amid expansion push

The EPC company plans to expand into solar and nuclear sectors while targeting higher revenue growth and margin improvement in FY27

Samsung reaches tentative labour union deal, averting crippling strike

Samsung Electronics reaches tentative wage deal with union, easing fears of major semiconductor supply disruptions

SC says fake citations issue in Essel insolvency case under review

The Supreme Court said concerns over allegedly fake judicial precedents cited in the Essel Infraprojects insolvency case were being examined administratively by a committee

Oil India exploring overseas asset acquisition, says CMD Ranjit Rath

The state-run upstream company is exploring overseas assets across multiple geographies while expanding domestic exploration and deepwater partnerships

CCI okays Blackstone, investors' stake acquisition offer in Neysa Networks

Competition Commission of India clears Blackstone-backed investment in AI cloud firm Neysa Networks

Axis Pension Fund targets 500K new subscribers and ₹30,000 crore AUM

The pension fund manager expects onboarding through BHIM, Google Pay and PhonePe, along with new products, to drive subscriber growth in FY27

James Murdoch to buy half of Vox Media in deal exceeding $300 million

James Murdoch expands his US media footprint with a major stake in Vox Media and its podcast network

Eurobank opens India office, enables UPI-based remittance service

The Athens-headquartered lender will become the first European bank to enable cross-border remittances to India through the UPI framework

Dr Reddy's unveils oral diabetes drug Obeda for type 2 patients in India

The once-daily prescription tablet for type 2 diabetes received CDSCO approval after a Phase III trial showed comparable efficacy and safety to the innovator drug

CloudExtel eyes acquisitions worth ₹1,500-2,000 crore over five years

Macquarie-backed telecom infrastructure firm plans to acquire smaller cable operators and niche firms as it expands its network-as-a-service and data-centre connectivity business