Page 391 - Company News

Rapido eyes entry into food delivery; to disrupt Swiggy, Zomato's duopoly

It is worth noting that Rapido on behalf of Swiggy already does food delivery, as the latter is an investor in the ride-sharing startup

Temasek acquires 10% stake in Haldiram's snacks business for $1 billion

The sale is one of the largest recent transactions in India's FMCG sector and could pave the way for more foreign investment in the industry

Tata's Tanishq expands US presence with new stores in Seattle, Atlanta

Tanishq opened its fifth and sixth US stores in Redmond, Washington and Cumming, Georgia, respectively, marking a significant milestone in its North American expansion

After Airtel, Jio inks pact with SpaceX for Starlink internet in India

Jio Platforms Limited partners with SpaceX to bring Starlink internet to India, a day after rival Bharti Airtel signed a similar deal

Razorpay eyes group profitability ahead of IPO plans, expands to Singapore

The Tiger Global Management-backed company is focused on becoming profitable on a consolidated basis across all business verticals, said Shashank Kumar, co-founder and managing director of Razorpay

Sustainability Summit: Swiggy to drive all-electric fleet by 2030

On an annual basis, the company aims to reduce perishable waste in direct operations by 25 per cent and decrease adverse incidents by 10 per cent

RBI stepped in after IndusInd Bank 'delayed' provisioning by a year

Seeks CEO probables' names soon; bank mcap slips Rs 19K cr

Axis Bank eyes up to Rs 4,000 crore from stake sale in Axis Finance

Sale proceeds for capital infusion in arm; sale likely in 3-6 months

Airtel signs deal with Elon Musk's SpaceX to bring Starlink to India

Airtel will distribute Starlink's equipment at its retail stores, sell Starlink services to business customers

US' Glas Trust moves NCLAT for stay over amendments in Aakash's AoA

The Chennai bench of the National Company Law Appellate Tribunal will hear the matter next week

Godrej Agrovet to acquire 48% stake in Creamline Dairy for Rs 930 cr

Creamline Dairy Products will become a wholly owned subsidiary of Godrej Agrovet upon completion of the deal

PhonePe clocks 600 mn registered users, adds 100 mn in past 16 months

The company claims to have a base of over 40 million merchants. It processes over 330 million transactions daily and has recorded an annualized total payment value of over Rs 150 trillion

Adani Group wins Rs 36,000 cr Mumbai's Motilal Nagar redevelopment project

In Dharavi Redevelopment Project Pvt Ltd (now called Navbharat Mega Developers Pvt Ltd), Adani Group held an 80 per cent stake while the rest was with the state government

Zydus Lifesciences to buy 86% stake in Amplitude Surgical for Rs 2,430 cr

Zydus will file a mandatory cash tender offer for the remaining shares of Amplitude at the same purchase price of €6.25 per share

PB Fintech to infuse Rs 696 crore in arm PB Healthcare Services in FY26

The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited

Musk's Starlink to vie with Indian telcos in fixed wireless access space

The challenge of course for Starlink will be to price its product competitively against both Jio as well as Airtel in FWA and with Airtel in satellite broadband

Former RBI deputy governor MK Jain to join Reliance Industries as advisor

The appointment comes at a time when other business conglomerates, including the Tatas, are investing heavily in the financial services sector

IndusInd Bank CEO confident of Q4 net profit despite derivatives hit

Kathpalia assures strong capital adequacy as promoters reaffirm trust in bank

TCS to acquire Darshita Southern India Happy Homes for Rs 2,250 crore

The acquisition is focused on acquiring the land and building of Darshita to expand TCS's delivery centre

India to be in our top three growth regions by 2028: Danfoss India prez

Currently, the Indian subsidiary has moved into the top six in Danfoss' global rankings, recording strong double-digit growth in 2024, Danfoss India President Ravichandran Purushothaman said