Page 3 - Company News

Federal Bank to buy nearly 450K retail credit cards from Standard Chartered

UK-headquartered Standard Chartered Bank, as part of its retail business strategy, had earlier said it would not push standalone credit cards in India

Infosys to set up 20-acre campus in Vizag, capacity for 7,000 staff

Over the last two years, Infosys' growth in the city has scaled in the port city from 250 employees to 1,900, with an additional 750 seats set to become operational in the near-term

Bain Capital sells nearly 1% stake in Emcure Pharma for ₹289 crore

US-based Bain Capital, through its affiliate BC Investments IV Ltd, offloaded 18 lakh shares, or a 0.95 per cent stake in Pune-based Emcure

Roblox appoints former AWS senior executive Sunil Rao as MD for India

Rao was previously part of the leadership team at Amazon Web Services (AWS), where he led strategy and corporate business development across the Asia-Pacific and Japan (APJ) region

Renault India seeks NCLT approval for proposed realignment of operations

The proposed realignment is aimed at creating clearer and more focused operating structures

Sir Ratan Tata Trust in 'non-compliance' with trustee limit: SC ex-judge

The opinion assumes significance as a lawyer has filed a petition with the Maharashtra Charities Commissioner alleging violations by the SRTT with regard to appointment of lifetime trustees

iPhone exports hit record ₹2 trillion in final year of smartphone PLI

India's iPhone exports hit ₹2 trillion in FY26, making Apple the country's top branded export and a flagship success of the PLI-led manufacturing push

Sun Pharma bets on Organon front-end to drive global growth, efficiencies

Sun Pharma sees its Organon acquisition as a platform to expand globally, boost in-licensing, and improve long-term efficiencies through a stronger commercial front-end

Cognizant plans AI-led restructuring, to spend up to $320 million

Cognizant plans layoffs and restructuring under Project Leap, focusing on AI-led transformation, productivity gains, and cost savings amid a challenging macro environment

Piramal Finance eyes 25% AUM growth, 50% profit rise by FY27 end

Piramal Finance expects strong growth in AUM and profits by FY27, while planning stake sales in non-core businesses and expanding its rural lending and branch network

SC flags 'grim' delays in NCLT clearing insolvency resolution plans

The Supreme Court has taken suo motu cognisance of delays in NCLT approvals, warning that prolonged timelines could undermine the objectives of the Insolvency and Bankruptcy Code

Epic Group opens first India garment unit with $100 million investment

Epic Group has opened its first garment manufacturing unit in India with a $100 million investment, aiming to boost exports, create jobs and strengthen Odisha's role in global supply chains

Canada approves DRL's Ozempic generic after months of regulatory logjam

DRL is the first company to receive market authorisation for a generic semaglutide injection in Canada. It is the first generic semaglutide to be approved in a G7 country

Rajiv Bajaj to step down as Bajaj Finance director after end of term

The Bajaj scion will cease to be a non-executive director at the conclusion of the annual general meeting scheduled for July 30, 2026, at the close of business hours

Ramky Estates acquires 4.3 msf Skylark projects, eyes ₹2,000 crore

Ramky Estates has acquired stalled Skylark residential projects in Bengaluru, aiming to revive construction, ensure delivery, and unlock revenue potential of around Rs 2,000 crore

Flipkart adds senior hires as it prepares for potential IPO next year

Flipkart has appointed senior leaders in legal and corporate development, strengthening governance and strategic capabilities as it prepares for its next growth phase and a potential IPO

Piramal Pharma bets on FY27 rebound; expects mid-teens growth, margin gains

Piramal Pharma expects a recovery in FY27 with mid-teens revenue growth and improved margins, supported by CDMO rebound, stronger order inflows, and global supply chain shifts

From discounts to Dior: What's driving premium pivot in fashion ecommerce

India's fashion ecommerce players are increasingly betting on luxury over mass, testing whether margins can grow without losing scale

PhonePe reaches 700 million users milestone amid strong fintech growth

PhonePe has crossed 700 million users, underscoring rapid growth in India's digital payments ecosystem, even as the fintech firm pauses its IPO plans amid market volatility

McLeod Russel India to sell three tea gardens in Assam to repay debt

The tea producer's board on Monday approved executing the memoranda of understanding (MoUs) signed with prospective buyers to facilitate part-payment of debt