Page 3 - Company News

Swiggy board approves 49.5% foreign ownership cap to gain IOCC status

The proposal will now be placed before shareholders for approval through a special resolution at the company's 13th Annual General Meeting (AGM) on August 18

Bharat Petroleum may increase fuel prices if crude stays at current levels

The state-run refiner is also exploring long-term crude supply deals with the US and other countries as it seeks to manage supply disruptions and rising energy costs

Sona Comstar eyes 10x revenue growth with robotics, AI and acquisitions

The auto components maker aims to replicate the ten-fold growth achieved over the past decade, backed by robotics, physical AI, acquisitions and new mobility technologies

Inflation, AI-led job uncertainty weigh on some consumers: United Spirits

The liquor maker said premium demand remains healthy despite inflationary pressures and AI-driven employment uncertainty affecting sentiment in some consumer segments

Mercedes-Benz India sees strong festive demand; new CLA sold out for 2026

The luxury carmaker expects 2026 to be its best-ever year, supported by robust order books, sustained demand across segments and strong festive-season momentum

Mercedes-Benz launches AMG E 53 Hybrid at ₹1.45 crore, expands PHEV range

The Performance and Racing editions are priced at Rs 1.45 crore and Rs 1.48 crore, respectively, with an electric-only WLTP range of more than 100 km

Adani Power's nuclear expansion depends on private-sector policy clarity

Adani Power said its plans to develop nuclear power projects depend on the government finalising rules allowing private-sector participation, with technology choices hinging on commercial viability

PVR INOX Q1FY27 result: Net profit rises to ₹56.5 cr; revenue up 11.9%

PVR INOX reported a consolidated net profit of ₹56.5 crore in the June quarter, aided by robust demand for films, higher ticket prices and strong growth in food and beverage sales

PTC Industries bags DRDO order to develop component for light weight tank

Order marks the company's move beyond contract manufacturing into design-led development of mission-critical defence components for India's indigenous light tank programme

UltraTech Cement plans to raise up to ₹5,000 crore from market via NCDs

UltraTech Cement's board has approved raising up to ₹5,000 crore through privately placed non-convertible debentures, with details on tenure and coupon rate yet to be announced

Mahindra Lifespaces, Sumitomo expand Chennai industrial park partnership

The partners will acquire and develop around 95 acres under Phase 2B of Origins by Mahindra, taking the total planned area of the Chennai industrial park to 540 acres

ITC eyes ₹8 trillion FMCG market by 2035, bets on AI, premiumisation

ITC expects India's FMCG market to expand to around ₹8 trillion by 2035 and plans to drive growth through brand-building, AI-led consumer insights, digital commerce, and strategic acquisitions

Gulshan Group plans ₹1,000 crore premium housing project at Wave City

Gulshan Empire will offer 500 premium residences across 5.5 acres, with homes starting at ₹2.2 crore and estimated sales realisation exceeding ₹1,200 crore

Not cutting-edge, but can Tata's chip fab reduce India's import bill?

India's first semiconductor fabrication plant is making headlines for what it may not produce. Here's why

Airtel Africa chooses London for mobile-money business listing this year

Airtel Africa has chosen London as the primary listing venue for its mobile-money business, with the IPO expected this year, subject to market conditions and regulatory approvals

Adani considering launching airline to push into India's aviation market

The Adani Group is considering starting an airline, a move that could intensify competition in India's aviation market dominated by IndiGo and Air India

BPCL, HPCL post Q1 losses amid crude oil spike, weak fuel margins

State-run oil refiners reported quarterly losses as higher crude oil prices, weak fuel marketing margins and LPG under-recoveries weighed on earnings

Bandhan Bank shares plunge nearly 17% after lender cuts RoA guidance

The lender lowered its FY27 return on assets guidance after June-quarter earnings, overshadowing a 35 per cent rise in net profit and weighing on investor sentiment

HCLTech likely to build its first India data centre in Odisha's Bhubaneswar

HCLTech plans a ₹730 crore AI-optimised data centre and Global Development Centre in Bhubaneswar, creating 6,000 high-skilled jobs and boosting digital infrastructure

TVS Motor sees international biz maintaining growth momentum in FY27

Chairman Sudarshan Venu says overseas operations now contribute over a quarter of revenue as the company expands across Africa, Latin America, Asia and Europe