Page 312 - Company News

TCS probes role in cyberattack on UK retailer M&S after £300 mn profit hit

TCS is investigating if it was the entry point in a cyberattack on UK retailer M&S, which led to major disruptions and data theft, potentially costing the company £300 million (₹3,318 cr) in profit

Zoom reports 2.9% Q1FY26 Y-o-Y revenue growth, bets big on enterprise gains

Growth was driven by a strong performance in the Enterprise segment, where revenue climbed 5.9 per cent to $704.7 million, while online revenue declined 1.2 per cent to $470 million

Blackstone-backed firms invest ₹1,060 crore in Embassy Developments

NCL SG Holdings and Bellanza Developers convert warrants into equity, infusing ₹1,060 crore into Embassy Developments to support a ₹15,000 crore project pipeline

Sundaram Finance Holdings Q4 results: Consolidated PAT at Rs 107.12 cr

The Chennai-based firm had posted a profit after tax of Rs 269.32 crore in the corresponding quarter of the previous financial year

Zepto pays ₹95 crore in April salaries, rivals Swiggy on employee costs

Zepto's ₹95 crore salary payout in April nears Swiggy despite a smaller workforce, reflecting its aggressive hiring strategy and drawing comparisons with larger rivals like Zomato and Swiggy

Alembic Pharma receives USFDA approval for generic hypertension drug

Alembic Pharmaceuticals on Friday said it has received final approval from the US health regulator for its generic version of amlodipine and atorvastatin tablets, used to treat high blood pressure.

ED conducts raids on Jaypee Infratech, others in ₹12,000 cr fraud

The raids are being carried out in Delhi-NCR and Mumbai under the provisions of the Prevention of Money Laundering Act (PMLA), they said

Ola Electric begins deliveries of Roadster X electric motorcycles

Ola Electric on Friday said it has commenced deliveries of its Roadster X portfolio of motorcycles, along with offers worth Rs 10,000 for the first 5,000 customers.

Reliance to invest ₹75,000 cr, Adani Group ₹50,000 cr in Northeast region

At the Rising Northeast Investors Summit, Mukesh Ambani and Gautam Adani announced major investments focusing on energy, infrastructure, jobs, and AI-driven growth across the Northeast region

Honasa Consumer targets double-digit revenue growth, eyes Mamaearth revival

Honasa said last year that Mamaearth's growth had lagged its own expectations for the last few quarters due to shifting consumer preferences, with company noting that it needed to refresh production

Reliance targets 600 million Indian shoppers with kirana-led FMCG plan

Reliance Consumer targets India's 600 million value-focused buyers with affordable products and deeper ties with kirana stores, aiming national scale by 2027

Foxconn to build $1.5 bn India plant for Apple despite Trump objections

Foxconn to invest $1.5 bn in India for iPhone parts despite Trump's pressure to shift production to the US. New Chennai plant to create 14,000 jobs and boost India's electronics sector

Uber gets CCPA notice for dark pattern; Rapido, Ola also under watch

CCPA issues notice to Uber for its advance tip feature as government widens probe into dark patterns in ride-hailing apps including Rapido and Ola

Danish toy firm Lego opens first store in India, eyes double-digit growth

Danish toy giant Lego launches its first store in Gurugram, aiming to expand offline footprint in India with new outlets, tier II city reach, and accessible price points

IIHL ready to support IndusInd Bank through equity infusion: Hinduja

Shares of the lender closed 1.82 per cent higher on the BSE on Tuesday, despite trading in the red in the early session

Tata Steel completes 5MT Kalinganagar expansion; capacity crosses 26MT

Tata Steel aims to target supply advanced high-strength steels for sectors like automotive, infrastructure, power, shipbuilding, and defence with the expansion

TMRW, LiteStore partner to add 25,000 sq ft in retail over 18 months

The expansion includes exclusive brand outlets, multi-brand stores and premium centres, with brands like Wrogn, Bewakoof and Nobero entering offline retail presence

Tata Motors bets on Altroz to 2x market share in premium hatchbacks

The 25,000-30,000 units a month premium hatchback segment accounts for nearly 6-7 per cent of passenger vehicle (PV) sales, and is dominated by models like Baleno of Maruti Suzuki

Biocon Biologics gets six-month extension of insulin supply in Malaysia

Biocon Biologics to continue insulin supply in Malaysia through October 2025 as MoH extends existing contract under partnership with Duopharma and Biocon Sdn. Bhd.

Airtel Payments Bank Q4 net profit jumps 138% to ₹26 crore, revenue up 35%

The payments bank posted revenue of ₹726 crore in Q4FY25, marking a 34.7 per cent increase compared to the same quarter last year