Page 3 - Company News

Maruti Suzuki commissions first green hydrogen plant at Manesar facility

The company's 300 kW pilot plant will use surplus solar power to produce hydrogen for manufacturing, as the automaker expands its clean-energy push

Oracle job cuts hit middle managers, workers over 40 in cloud unit

Middle managers and employees aged 40 and above reportedly bore a significant share of Oracle's latest layoffs in its cloud infrastructure unit

Amazon reaches out to former workers for AI, cloud jobs after mass layoffs

The outreach includes a recruiter-led initiative for former AI and machine learning staff, while the company says former employees can be considered for other open roles as well

Kalpataru Projects wins orders worth ₹2,025 cr, FY27 inflow hits ₹13,219 cr

The latest wins span transmission and distribution, buildings and factories, and oil and gas, taking KPIL's FY27 order intake to nearly half its annual target

Fujifilm India exploring deals to supply chemicals to domestic chip cos

Fujifilm India is exploring supply deals with chipmakers and local partners as it invests about ₹800 crore in a semiconductor materials plant in Dholera

Ola Electric seeks board nod for proposed rights issue of equity shares

Ola Electric's board will consider a rights issue on September 28. The company has not disclosed its size or use of proceeds as its electric two-wheeler market share falls

Subhash Chandra challenges NCLT asset restraint in repayment plan case

Zee Group founder Subhash Chandra has challenged an NCLT order restraining him from alienating assets in proceedings over his proposed Rs 6.25-crore repayment plan

AI doom fears overstated, global pause unrealistic: Zoho's Sridhar Vembu

Vembu was skeptical of calls by AI labs for an industry-wide pause, which, as per him, appeared to be less about safety and more a bid by some players to slow down rivals

Voltas eyes growth over margins in near term, bets on market share gains

Voltas prioritises market share and absolute profit as high input costs weigh on margins, while betting on data centres and backward integration for growth

PM Cona Ind files draft IPO papers to raise ₹120 cr via fresh equity

Electrical products maker PM Cona Industries Ltd has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO).

Accenture leases over 560,000 sq ft office space in Bengaluru for ₹269 cr

The five-year deal at Pritech Park SEZ includes renewal of an earlier lease for 441,000 sq ft and an additional 126,000 sq ft of office space

HDFC Bank eyes digital rupee for rewards, allowances, in-flight payments

Bank is developing digital rupee gift vouchers, corporate payouts and offline payments on flights, while integrating its CBDC wallet with BHIM for merchant payments

Airtel Money files for London IPO through offer for sale by shareholders

Airtel Africa's payments arm said existing shareholders will sell shares in the offer, with no new capital to be raised by the company

Temasek takes minority stake in Romsons Group to back expansion and M&A

Singapore's Temasek has taken a minority stake in Romsons Group to support the medical devices maker's expansion in India and overseas and explore potential acquisitions

Amazon Pay India FY26 net loss widens to ₹1,148.5 crore, revenue up 18%

Digital payments firm Amazon Pay India Pvt Ltd has reported a widening of its standalone net loss to Rs 1,148.5 crore for the financial year ended March 31, 2026

MSME lending may reach ₹2.6 trillion in July-December 2026: FlexiLoans

FlexiLoans expects lending to small businesses to reach Rs 2.4-2.6 trillion in July-December 2026, driven by festive demand and growing digital commerce in non-metro markets

PhysicsWallah plans deeper expansion across South India in next two years

Founder Alakh Pandey says he will be based in South India for 24 months as PhysicsWallah expands in five states and partners with Mohan Babu University on online courses.

NTPC pays ₹3,394 crore as final dividend to its shareholders for FY26

State-owned NTPC has paid a final dividend of Rs 3,393.83 crore to its shareholders for FY26.

Ultraviolette raises $85 mn to expand EV production, enter US market

Yali Capital and TDK Ventures led the funding round as the Indian electric two-wheeler maker prepares to enter the US in 2027 and expand across Latin America and Southeast Asia

Awfis launches 100,000 sq ft premium workspace centre in Delhi Aerocity

The Elite by Awfis centre at Prestige Trade Centre offers built-to-suit and ready-to-move-in spaces, targeting GCCs and large enterprise occupiers