Page 37 - Company News

Beyond generics: $731 mn PE funding fuels India's pharma innovation push

India's pharmaceutical sector is beginning to shift from manufacturing generics to developing novel medicines, backed by rising private investment, stronger research and policy support

Instamart, HPCL launch India's first on-demand LPG delivery service

The service does not require customers to have an existing domestic LPG connection. First-time orders will be treated as new cylinder purchases, while subsequent orders will be processed as refill

TCS launches Nvidia-backed AI solutions lab to speed industrial automation

The Bengaluru facility will help manufacturers and mobility firms test and deploy AI applications before rolling them out at scale

Groww Q1 results: Net profit jumps 94.3% to ₹735 crore, revenue rises 66%

The company's revenue from operations rose 66 per cent to ₹1,501.42 crore during the April-June quarter of FY27 from ₹904.40 crore a year earlier

Signature Global net debt doubles to ₹390 cr in Q1, pre-sales down 25%

The company on Tuesday reported a 25 per cent decline in its sales bookings to ₹1,970 crore for the first quarter of this fiscal amid lower volumes

J&K Bank plans to sell 0.5% stake in PNB MetLife for ₹120.1 crore

Jammu and Kashmir Bank will sell 10.25 million shares in PNB MetLife to MetLife International Holdings, reducing its holding in the insurer to 2.534 per cent

As AI becomes a gatekeeper, can India Inc influence what it recommends?

As consumers increasingly ask AI assistants what to buy instead of searching Google, India Inc faces a new challenge

Sun Pharma receives approval to launch generic semaglutide in South Africa

The approval makes South Africa the second market after India where the drugmaker has secured regulatory clearance for its generic version of semaglutide

Govt receives revised financial bids for IDBI Bank stake sale: Report

The government has received revised financial bids from Fairfax Financial and Emirates NBD for the strategic sale of a 60.72% stake in IDBI Bank

Google expands AI push in India with enterprise and security tools

At Google I/O Connect India 2026, the company unveiled enterprise AI, cybersecurity and education initiatives while expanding in-country AI infrastructure for businesses

Singapore court declines stay of Byju Raveendran's six-month jail sentence

The Byju's founder faces legal battles across multiple jurisdictions, including a US dispute over a soured $1.2 billion loan

Ikea India plans to double investment to over Rs 21,000 crore by 2030

The new tranche of investments will be directed towards expanding the retailer's physical footprint, mixed-use developments, renewable energy projects, sourcing operations and technology capabilities

Singapore court declines stay on Byju Raveendran's 6-month jail sentence

Raveendran is facing claims from foreign investors around the world, including in the US where lenders are fighting to claw back losses from a $1.2 billion loan that soured

Commercial papers explained: How companies raise short-term funds

Companies raised a record ₹5.37 trillion through commercial papers in the first quarter of FY27. Here's what they are, who issues them and why their use is rising

Jubilant FoodWorks gets GST demand notice for ₹46.9 cr, to challenge demand

JFL said it will challenge the GST department's notice

Sigma Advanced to acquire aerospace supplier Bromford for ₹153 crore

The deal strengthens the company's aerospace manufacturing footprint and expands its presence in the Rolls-Royce supply chain

TCS wins tech mandate for JFK Airport's $19-billion terminal project

The IT major will deploy AI-led digital systems to improve airport operations, passenger experience and airline efficiency at the revamped terminal

LTM expects AI revenue to outpace traditional services: CEO Venu Lambu

LTM expects AI revenue to grow faster than its traditional IT services business as enterprise adoption accelerates, with demand rising for deployment of advanced AI models from Anthropic and OpenAI

Tata Power in talks to raise $450 mn overseas loan for business operations

Tata Power is in talks with banks to raise at least $450 million through an external commercial borrowing, aiming to strengthen liquidity as it expands investments in renewable energy and transmission

Nuvoco Vistas' Q1 profit rises 20% on higher revenue, lower finance costs

Nirma Group-promoted cement maker reports record quarterly Ebitda as revenue growth, operational efficiencies and lower finance costs lift first-quarter earnings