Page 4 - Company News

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

NTPC board okays ₹20,457-cr investment for 1,600 MW Lara Stage-III project

Sub-critical thermal units can offer greater flexibility compared to supercritical and ultra-supercritical technologies for certain grid-balancing requirements because of less parameter swings

SpiceJet, Ajay Singh to deposit ₹140 crore in Maran award dispute

The Delhi High Court recorded SpiceJet and Managing Director Ajay Singh's undertaking to pay Rs 140 crore to KAL Airways and Kalanithi Maran in an arbitration award dispute

Tata Capital enters gold loan business with ₹318 crore Yogloans acquisition

Tata Capital enters gold loan business with ₹318 crore Yogloans acquisition

Viatris unit Mylan plans to sell stake worth up to $363 million in Biocon

Mylan, part of global healthcare company Viatris, plans to sell up to 92 million shares in Biocon through a secondary offering valued at as much as Rs 34.81 billion

TCS expands ABB partnership with multi-year AI network operations deal

Under the expanded partnership, TCS will deliver end-to-end global network operations for ABB through an AI-driven network-as-a-service model. The deal value was not disclosed

US-based fintech firm Payoneer opens tech hub in India, boosts hiring

Payoneer to hire 300 engineers by end-2026 as India GCC becomes its second-largest global tech and R&D hub

Flipkart says West Bengal to remain key investment hub as it expands biz

The Walmart-owned e-commerce company said West Bengal is home to its largest fulfilment and logistics hub, located at Haringhata, and remains central to its long-term growth strategy

Adie Broswon Breweries signs long-term manufacturing deal with UBL

Adie Broswon Breweries has entered a long-term manufacturing deal with United Breweries, with its large-scale brewing facility set to support regional production

Yatra Online partners with Kanoo Travel for West Asia travel expansion

The partnership marks Yatra Online's first major international expansion, with Kanoo Travel deploying its enterprise travel and expense management platform across West Asia

Puravankara Q1 sales bookings up 28% to ₹1,439 cr on higher volumes

In volume terms, sales area rose 9 per cent to 1.36 million square feet. The average price realisation increased 18 per cent year-on-year to Rs 10,589 per sq ft

Govt studying Tata Electronics breach, entities involved say not much lost

The government had earlier said that the incident was reported to the Indian Computer Emergency Response Team (CERT-In)

LTM bets on Anthropic's Claude to drive enterprise AI transformation

The L&T Group company will embed Claude into its AI platform, train thousands of certified engineers and establish a dedicated Centre of Excellence as enterprises ramp up generative AI adoption

Tata Capital enters gold loan business with Yogloans acquisition

Tata Capital will acquire an 88.6 per cent stake in Kerala-based Yogloans, marking its entry into the gold loan business and expanding its retail lending portfolio