Page 3 - Company News

Satcom services unlikely to gain scale, compete on price in India: Jio

JPL developing own satellite constellation, evaluating partnerships with global cos

Jio eyes big share of India's digital economy: Akash Ambani ahead of IPO

Chairman of Reliance Jio Akash Ambani said that Jio Platforms aims to capture a large share of India's $1.4 trillion digital economy by FY31, as it expands AI services in 12 Indian languages

Domestic getaways, Asian destinations gain for festival travel: Agoda

Bangkok, Phuket and Tokyo lead international searches by Indian travellers, while Goa, Puri and Udaipur remain popular domestic destinations, according to Agoda's latest travel data

Supreme Court upholds quashing of Yes Bank's ₹8,415 cr AT-1 bond write-off

The dispute dates back to March 2020, when Yes Bank wrote down AT-1 bonds worth ₹8,415 crore to zero as part of its rescue and reconstruction, wiping out bondholders' investments.

CapitaLand unveils Chennai data centre as Tamil Nadu deepens digital push

The Ambattur facility marks a further expansion of CapitaLand's Tamil Nadu presence as the state seeks investments in semiconductors, advanced manufacturing and digital infrastructure

Why was IDBI Bank sold at ₹81 a share? Understanding the valuation

The government used an independent valuation benchmark of ₹75.99 per share after rejecting an earlier bid of ₹75 that fell short of the ₹94.42 reserve price

IDBI Bank-Fairfax deal: What RBI rules say on foreign ownership and control

While India allows substantial FDI in private sector banks, the RBI regulates who can own them, how much voting power shareholders can exercise and how much equity promoters can retain over time

boAt enters Sri Lanka, Bhutan as int'l revenue more than doubles in FY26

In FY26, boAt said its wearables business turned profitable, while emerging categories, including charging solutions, contributed to 'a growing profit pool beyond the core audio portfolio'

Audi India bets on new models as it eyes double-digit growth next year

Luxury car market expected to grow 12%; festive quarter typically brings 20-25% rise in inquiries and conversions

HDB Financial Services sees 34% profit jump to ₹780 crore in Q2FY27

HDB Financial Services reports a 34.2% rise in Q2 FY27 profit to ₹780 crore, supported by loan growth, lower provisions and improved asset quality

Biocon inks patent settlement pact with Genentech for breast cancer drug

The deal allows Biocon to launch the biosimilar in the EU and the UK from the Q1 of 2027, and in the US from the Q3 of 2028

Hyundai aims to regain No. 2 spot in India by 2028-29, says global CEO

Hyundai plans to regain its No. 2 position in India by 2028-29 through Pune plant expansion, 26 new models and investments in electric vehicles and greater localisation

Tata Trusts row: Noel, son Neville Tata move Mumbai courts with caveats

The caveats filed in the Bombay High Court and also in the Mumbai City Civil Court will ensure that they are heard before the passing of any orders

Accenture bets on AI, targets mid-single-digit growth for next two years

Accenture aims for mid-single-digit revenue growth in constant currency in FY27 and FY28, followed by faster growth from FY29, as AI services help offset revenue pressure

BoB shares fall 3.5% after B R Shetty files $15 billion suit against bank

Bank of Baroda said it had not been served with B R Shetty's $15 billion suit and would defend itself firmly, adding that the allegations remained untested in court

Jio Platforms announces IPO subscription window from October 21 to 23

The anchor investor bidding date is October 19, while the public issue will remain open for three days, from October 21 to October 23, 2026

Tata Group's semiconductor push a long-term bet on India: Chandrasekaran

Tata Sons Chairman N Chandrasekaran says chip investments must be judged over the long term, while businesses need to build resilience amid geopolitical and technology disruptions

Reliance Consumer Products rolls out ₹20 flavoured milk in Tamil Nadu

Reliance Consumer Products Limited announced its entry into the ready-to-drink dairy market with the launch of Joyland flavoured milk in Tamil Nadu.

Family office to billionaire Narayana Murthy to double exposure in India

It is targeting annual returns of 16% to 18%, Deepak Padaki, president of Catamaran Ventures LLP said on the sidelines of Bloomberg's New Economy Forum

Volvo Buses India bags largest-ever order for 200 buses from MSRTC

The order is the single-largest for Volvo Buses in India and marks a significant commitment to strengthening premium intercity public transportation in the state