Page 3 - Company News

SoftBank sells 1.56% Lenskart stake for ₹1,896 crore, Goldman biggest buyer

SoftBank, through its affiliate SVF II Lightbulb (Cayman) Ltd, offloaded 2.72 crore shares in 10 tranches at an average price of ₹697.15 apiece on Friday

Noel Tata to step down as Voltas chairman, appointed Chairman Emeritus

Noel Tata retired as Voltas chairman and director on November 11 upon reaching the age of superannuation

Britannia to closely watch Reliance Consumer's entry into biscuit market

Britannia Industries will monitor Reliance Consumer's expansion into biscuits as competition intensifies, while planning further price hikes amid inflation and rising ecommerce demand

Singapore court orders seizure, sale of Tata Power's shares in its arms

The Singapore court has ordered enforcement of arbitration awards favouring Kleros, allowing seizure and sale of Tata Power's shares in two subsidiaries amid a long-running dispute

Apple's predictive text curbs vulgar, sensitive, drug-related phrases

An undisclosed multilingual list restricts iPhone autocomplete and swipe-typing suggestions for thousands of words and phrases, including politically sensitive terms

Ecom, qcom companies see consumer spending surge ahead of Diwali

E-commerce order volumes rose 21% YoY during the festive period, with quick commerce leading at 75% growth as platforms expanded offerings across gifting, fashion and decor

Marico to acquire 51% stake in Bonorizon Consumer Ventures for ₹35 crore

The FMCG major will acquire the stake through primary subscription and retain the right to purchase the remaining equity after three years, subject to certain conditions

This Samvat, can large companies learn to think like entrepreneurs?

As the new Samvat begins, large companies must embrace entrepreneurial thinking, foster innovation and build the agility to respond to uncertainty rather than rely solely on budgets and forecasts

Zee Entertainment board to meet on November 12, may consider share buyback

Zee Entertainment's board will meet on November 12 to consider a share buyback, interim dividend and other steps to bolster investor confidence following a decline in its share price

Angan Guha rejoins Wipro as CEO of its Americas 2 unit, effective Dec 8

Angan Guha, who spent nearly 29 years at Wipro before joining Birlasoft in 2022, will return as CEO of the Americas 2 unit on December 8 and report to CEO Srini Pallia.

Airtel restores ₹299 prepaid plan withdrawn in August as additions slow

Bharti Airtel has restored its 28-day ₹299 prepaid plan after net customer additions slowed in Q2FY27, while shifting focus to upgrades, postpaid and other levers to boost ARPU.

Angel One overtakes Zerodha to become 2nd-largest broker by active clients

Angel One's active NSE client base rose to 6.99 million in October, surpassing Zerodha's 6.76 million, while Groww retained the top position with 13.75 million clients

Bombay HC plea seeks RBI direction for Tata Sons' stock market listing

Petitioners argue that Tata Sons must comply with RBI listing norms and have also sought Noel Tata's removal from key positions, citing public interest and governance concerns

Cashfree makes its checkout readable for AI agents to speed up payments

Cashfree's new Checkout for Agents uses WebMCP to help AI agents navigate payment pages, reduce token consumption by over 40 per cent and complete purchases with user approval.

Hindalco flags coal supply constraints, sees 5% rise in aluminium costs

Hindalco expects aluminium production costs to rise another 5% in Q3FY27 as coal inventories at its Mahan and Renukoot smelters fall to nearly half their normal levels

Bharti Airtel reclaims 2nd spot in mcap rankings, overtakes Jio Platforms

The market valuation of Bharti Airtel stood at Rs 13 trillion, while that of Jio Platforms was Rs 12.94 trillion

TASE Global to raise ₹300 crore from ValueQuest's Tristar Fund for growth

The investment will help Chennai-based TASE Global expand manufacturing capacity, integrate its US operations and pursue larger OEM programmes across advanced manufacturing sectors.

MakeMyTrip acquires majority stake in Quick Ride to enter ride pooling

The acquisition will help MakeMyTrip expand into shared mobility, covering daily urban commutes and intercity travel, while complementing its existing ground transport portfolio.

Tech Mahindra to acquire more shares in Pininfarina, raise stake to 92.59%

Tech Mahindra's subsidiary currently holds 82.57 per cent of Pininfarina. Upon successful completion of the proposed transaction, its shareholding will increase to 92.59 per cent.

Coforge joins SpaceX partner network to deploy Grok solutions for clients

The Indian IT services firm will develop industry-specific applications using SpaceX's Grok AI portfolio and integrate them into clients' existing systems through its engineering unit Momentuum Blue