Page 34 - Company News

MakaDi and Borecha maker LB Brewers eyes ₹500 cr sales, IPO plans on cards

The company, which started its journey from a home-brewing experiment at a US apartment, has evolved into a fast-growing beverage business in India

Reebok sales surge 2x since Aditya Birla Lifestyle acquired India rights

Aditya Birla Lifestyle Brands Ltd (ABLBL) plans to add 40-50 stores annually over the next few years as it looks to tap significant untapped market opportunities

Amazon to expand use of automation technology at India fulfilment centres

Amazon has invested $40 billion in India and has announced plans for another $35 billion investment through 2030

LIC targets stronger market leadership as it approaches platinum jubilee

Insurance behemoth LIC alone commands close to 60 per cent market share in the life insurance segment and manages assets of over Rs 57 trillion

Magicpin scales AI assistant Vera, targets over 1 mn merchants by 2026: CEO

Launched during the recent LPG crisis, Vera provides restaurants and retailers with real-time order-volume insights to help them plan operations and manage demand more effectively

Former Reliance Group MD Sateesh Seth remanded to ED custody for 6 days

The court said that Custodial interrogation is required to identify the beneficiaries of proceeds of crime and to unearth the entire trail of money

Ather Energy in talks for post-IPO ₹2,500 crore fundraise: Report

The electric two-wheeler maker is expected to begin the fundraising process as early as July and could raise the funds through multiple instruments

TN pollution body flags alleged violations at Tata's iPhone components unit

The pollution regulator has warned that the unit may face closure action and possible stoppage of power supply if Tata Electronics fails to provide a satisfactory explanation

Ex-RCom official Gautam Doshi sent to ED custody in ₹40,000 cr PMLA case

The agency alleged that loans availed from banks were not utilised for their intended purposes and were instead invested in mutual funds and transferred to group companies

Dr Reddy's launches generic oral leukaemia drug Bosutinib in US market

The company has launched a generic version of Pfizer's Bosulif for chronic myeloid leukaemia and secured 180 days of exclusivity for the 400 mg strength

Tata Trusts' Vijay Singh seeks probe into 1989 Tata Sons share transfer

Tata Trusts Vice Chairman has urged Maharashtra's charity commissioner to order an inquiry into the transfer of Tata Sons shares from the Navajbai Ratan Tata Trust to late industrialist Naval Tata

Tata Sons board discusses Chandrasekaran's term, but no decision

Tata Sons board holds inconclusive discussions on N Chandrasekaran's third term as leadership questions and Tata Trusts tensions remain unresolved

Ashok Leyland to enter defence mobility biz, explores logistics drone foray

The company is exploring autonomous defence vehicles and logistics drones while targeting a larger share of overseas defence revenue and upcoming mobility tenders

IG Defence plans ₹10,000 crore deep-tech systems pipeline by FY30

The defence technology firm plans to expand its footprint in autonomous strike systems, AI-enabled warfare solutions and drone manufacturing as military demand rises

Singapore court stays surrender requirement imposed on Byju's founder

The Singapore High Court has stayed the committal and surrender provisions of a civil contempt order against Byju Raveendran pending appeal in an ongoing dispute

Meesho acquires Kirana Club in ₹202-crore deal to expand grocery presence

The acquisition gives Meesho access to a platform serving over 4 million retailers and strengthens its presence in India's grocery and business-to-business commerce markets

Flipkart hires senior tech leaders to strengthen AI, fintech capabilities

The e-commerce company has appointed former leaders from Swiggy, Mastercard and Razorpay to bolster its artificial intelligence, data science, payments and engineering functions

Reliance Power, Reliance Infra appeal Sebi order blocking fundraising plans

Reliance Power and Reliance Infrastructure have challenged Sebi's refusal to grant relief from restrictions linked to Anil Ambani, citing the impact on capital-raising plans

TCS launches India's first Oracle AI Data platform lab in Kolkata

IT services major also plans to establish similar Oracle AI Data Platform Labs and Centres of Excellence in four more Indian cities over the next three years

Vodafone Idea at inflection point, better days ahead: Kumar Mangalam Birla

Vodafone Idea chairman Kumar Mangalam Birla said the telecom operator is entering a stronger phase as shareholders approved a ₹4,730-crore promoter funding plan