Page 38 - Company News

OfBusiness deepens manufacturing across metals, chemicals and apparel

Tapping value-added production opportunities may boost supply-chain control and margins; owned capacity now spans over 40 products and direct headcount has crossed 35,000

Tata Steel commissions India's first coke oven gas injection project

The project at Tata Steel's Meramandali plant will use coke oven gas as a reductant and partial substitute for conventional fossil fuels in blast-furnace operations

Godrej Properties sees ₹70 cr impact from Gurugram project settlement

Realty firm says disputes with Orris Infrastructure over Godrej Air have been amicably settled; actions under the settlement agreement are currently being implemented

Canara Bank to raise up to ₹4,500 crore via AT1 bonds next Wednesday

The Basel III-compliant perpetual bonds will have a call option after five years, while the coupon rate is expected to be in the range of 7.85-7.90 per cent

PNB to enter wealth management services, beef up credit card portfolio

The state-run lender plans to launch wealth management services in early 2027 and is adding 50,000-60,000 credit cards every month as it seeks new growth avenues

Cement firms to invest ₹13,000 crore in green energy capacity by FY28

Major cement companies are expected to raise clean energy capacity to 6 GW by March 2028 from around 4 GW in March 2026, generating significant annual savings

Greaves overtakes Ola Electric, enters top five E2W makers in September

Greaves Electric Mobility recorded 2,645 registrations and a 4.6 per cent market share in the first nine days of September, moving ahead of Ola Electric

PepsiCo India opens fifth food plant in Assam with ₹778 crore investment

The 44.2-acre Nalbari facility will make Lay's and Uncle Chipps, support over 5,000 farmers and create around 700 direct and indirect employment opportunities

Fortune to set up ₹60,000 cr hyperscale AI data centre park in Telangana

The proposed 170-acre campus in Ranga Reddy district will support 1,200-1,600 MW of IT load, with cumulative investment potentially rising to ₹1 trillion

Sigma Advanced Systems begins aerospace production at Sri City facility

Around 75,000 sq ft of the 500,000 sq ft campus is operational, providing 100,000 annual machining hours, with capacity targeted to rise to nearly 300,000 hours

Axis Bank's AI push signals slower hiring ahead as it scales up business

The lender opened about 400 branches in FY26 even as its net headcount fell 3%, with CEO Amitabh Chaudhry expecting technology investments to support further growth without similar staff expansion

Classic Legends to double capacity to over 200K units by year-end

The Jawa and Yezdi maker will raise capacity from 120,000 to over 200,000 motorcycles by year-end as it prepares for higher domestic sales and exports

House of Tata set for season of meetings amid leadership uncertainty

Under the Tata Sons Articles of Association (AoA), SRTT and SDTT have to jointly nominate three members to the five-member selection committee.

Snap CBO Ajit Mohan steps down, EMEA President Ronan to replace him

Mohan, who joined Snap from Facebook and became chief business officer last year, will remain with the company until the end of the calendar year

Nexus Select Trust to acquire Guwahati mall, hotel for ₹1,600 crore

The ₹1,600 crore deal for the upcoming Galaxy Complex, comprising a mall and Hyatt Regency hotel, marks Nexus Select Trust's entry into Northeast India

PhonePe to launch UAE operations in its first international market foray

The fintech major has secured two licences from the Central Bank of the UAE to offer consumer payment instruments and e-payment acceptance infrastructure to merchants.

Flipkart tests 'Eat In' food delivery, pilots standalone Minutes app

Flipkart is testing Eat In with employees and a standalone Minutes app with select users in Bengaluru, as it prepares for wider rollouts ahead of its festive-season sale.

Amazon reviews Indian state food inspectors' findings after raid

Federal and state officials have raided clubs, restaurants and big brands such as Domino's and McDonald's as part of a nationwide enforcement crackdown in recent months.

India will lead in AI adoption, scale over next decade: Sarvam cofounder

Sarvam cofounder Pratyush Kumar said India has its own AI models, access to GPUs and a growing talent pool, with financial services set to drive adoption and demand.

BoB CEO calls for higher investment in cyber security as threats mount

Bank of Baroda MD and CEO Debadatta Chand said banks need stronger technology investments to tackle cyber threats, while customer risks require greater digital literacy