Page 319 - Company News

Mercedes-Benz India focuses on deep localisation as forex hit push costs up

Luxury carmaker to raise prices in two phases in 2025 due to forex pressures while expanding localisation to protect margins and banking on India's economic resilience

Bharti Airtel likely to move HQ to business hub Aerocity in Delhi

India's No 2 telecom is in discussions to take up more than 700,000 sq ft space in upcoming Worldmark office buildings

Moody's downgrades IndusInd credit profile to 'ba2', flags control lapses

Moody's cuts IndusInd Bank's standalone credit profile citing weak internal controls, derivative accounting discrepancies, and leadership exits without succession plan

IWG to launch premium brand Signature, expand India footprint rapidly

IWG to launch its premium brand Signature in India in coming years and aims to add 40-50 centres by 2025, with a focus on Tier II and III cities and strategic acquisitions

Delhi HC orders seizure of another 129 EVs tied to Gensol and BluSmart loan

Delhi HC restrains Gensol and BluSmart from selling or transferring 129 hypothecated EVs after STCI Finance alleges ₹15 crore loan default and risk of asset dissipation

Amazon India leases 94,000 sq ft office space in Mumbai's Vikhroli

Amazon India entities lease 94,254 sq ft in Godrej Two, Vikhroli East for ₹1.73 crore monthly rent with no security deposit and 5 per cent annual rent escalation

Policy rate cut to put more pressure margins: Union Bank of India MD & CEO

Union Bank Q4 profit rises 50.57 per cent year-on-year, but net interest margin dips to 2.87 per cent as RBI repo rate cuts begin to impact lending margins

Birla Corporation Q4 results: Net profit jumps 32.7% to ₹256.6 cr in FY25

The debt-equity ratio of the company at the end of March 2025 quarter decreased to 0.56 as compared to 0.67 in the previous corresponding period

Mahindra seeks CCI approval to acquire 59% stake in SML Isuzu for ₹555 cr

Mahindra & Mahindra (M&M) has sought approval from the Competition Commission of India to acquire majority stake in commercial vehicle maker SML Isuzu.

EaseMyTrip flags travel to Turkey, Azerbaijan amid rising India-Pak heat

EaseMyTrip has advised travellers to avoid non-essential travel to Turkey and Azerbaijan due to their support for Pakistan amid rising India-Pakistan tensions

Airtel's Sunil Mittal in talks to buy 49% stake in Haier India for $2 bn

Bharti Airtel's Sunil Mittal has partnered with private equity firm Warburg Pincus to acquire the stake Haier India, and a deal could be signed in a few weeks, Bloomberg reported

No need for panic buying: IOCL, BPCL assures public of ample fuel stocks

Indian Oil advised the people to stay calm and avoid unnecessary rush, which will help the company in keeping their supply lines running seamlessly and ensure uninterrupted fuel access

Hacker behind Star Health breach claims threats to India executives

The hacker behind Star Health's data breach says they sent bullets and threats to top executives over denied claims

Ravi Infrabuild files papers with Sebi to raise Rs 1,100 cr through IPO

Udaipur-based company will use proceeds to invest in subsidiaries and repay borrowings

Zydus gets USFDA approval for generic drug to treat multiple sclerosis

The company's product is the generic version of Copaxone which is indicated for the treatment of relapsing forms of Multiple Sclerosis (MS)

'Operation Sindoor' reflection of India's unbending resolve: Mahindra group

Operation Sindoor is a proud reaffirmation of India's strength, sovereignty, and spirit, said the group

India Inc's combined salary and wage growth slows amid muted demand

The sample includes 25 companies that are part of the Nifty50 benchmark index or 26 if we include Bajaj Finance, a subsidiary of Bajaj Finserv which is also an index company

Forensic review reveals IndusInd Bank executives traded in its shares

The summary of Grant Thornton's findings did not disclose further details of the share trading or offer any conclusions about its nature

Jio Credit looks to raise Rs 1K cr in maiden bond issue next week

Company is expecting a coupon rate of 7.19%, sources said

PB Health raises $218 mn in seed round led by US-based General Catalyst

PB Health, the healthcare venture of PB Fintech, has raised $218 million to set up a 1,000-bed hospital network in Delhi NCR and drive health-tech innovation