Page 4 - Company News

Godrej Industries enters wealth management, targets ₹1 trillion AUM by 2031

The group plans to build a 35-location wealth management network, target affluent clients and list Godrej Capital by 2031 while expanding its lending business

Uber, Paytm invest ₹60 crore each in government-backed ONDC platform

The investments deepen the companies' engagement with ONDC, following integration of mobility, logistics and ticketing services on the digital commerce network

Heat wave drives over 30% growth in Mother Dairy's summer product sales

Sales of ice creams, buttermilk and curd rose more than 30 per cent this summer as consumers turned to cooling dairy products amid intense heat-wave conditions

SP Group to complete dual tranche debt sale by mid-June, says report

Goswami Infratech has now secured commitments from at least five foreign and domestic investors to subscribe to a planned rupee-bond issue, the sources added

HUL inaugurates AI-powered fragrance hub to accelerate product innovation

The new Unilever Fragrance Hub in Mumbai combines consumer insights, science, and AI to accelerate fragrance innovation and strengthen India's role as a global R&D centre

ED carries out searches against Vedanta Group as part of Fema probe

The searches are part of a Foreign Exchange Management Act (Fema) violation investigation

Adani firms report record $16 bn capex, all-time high Ebitda in FY26

Consolidated EBITDA rose 5.6 per cent year-on-year, according to the group's annual results and credit compendium released on Tuesday

50% music streaming users face subscription traps, hidden charges: Survey

Nearly two-thirds of Indian users of music streaming platforms have frequently faced manipulative subscription practices designed to discourage cancellations, a survey by LocalCircles found

Transrail bags new orders worth ₹575 crore across T&D, pole businesses

As of March 31, the company's unexecuted order book (including L1 or Lowest Bidder position) stood at ₹16,361 crore, up 12 per cent year-on-year

Bank fraud case: Ex-RCom executive lodged in Arthur Road Jail after arrest

A Mumbai court allowed the CBI to arrest Jhunjhunwala, who was in judicial custody in New Delhi in a related money laundering case being probed by the Enforcement Directorate

L&T assesses opportunities in coal gasification amid energy transition

L&T says coal gasification aligns with its energy-transition strategy and will be evaluated selectively amid the government's push for cleaner use of domestic coal

Anant Raj to invest ₹20,000 crore in Haryana data centre expansion

Realty developer Anant Raj has signed an MoU with the Haryana government to invest Rs 20,000 crore in data centre infrastructure and create about 6,000 jobs

Black Box and AIONOS collaborate to accelerate enterprise AI adoption

Black Box and AIONOS partner to accelerate enterprise AI transformation by combining digital infrastructure with AI platforms for global-scale deployment

Wipro raises stake in insurance tech firm Aggne to 80% for $28.5 million

The additional investment in the insurance technology firm is expected to strengthen Wipro's AI- and IP-led transformation capabilities in the property and casualty segment

Wockhardt eyes $1.5 bn peak sales from Zaynich, targets US launch by yr-end

Novel antibiotic to be launched in India around the same time; company to commercialise product on its own in US

Maruti's mini-car sales up 147% in April-May on easing constraints

Maruti Suzuki reports a sharp rebound in mini-car sales as production constraints ease, while rising fuel prices drive stronger demand for CNG-powered vehicles

Mobis India fire: Hyundai Motor, Kia production may be hit briefly

A fire at Mobis India's Chennai-area facility may disrupt Hyundai and Kia production for at least a week, prompting efforts to source components from South Korea

Zee partners FIFA to broadcast 39 global football events in India till 2034

Zee Entertainment secures FIFA media rights in India until 2034, covering 39 global football events, including the FIFA World Cups and Women's World Cup

Amazon Data Services India buys 10.6 acres of land in MMR for ₹125 cr

Amazon Data Services India has acquired 10.6 acres in Palava, Thane, from Lodha Developers for Rs 125.13 crore as it expands its data centre presence in the Mumbai region

Cars24 launches AI Labs, commits $20 mn to back AI startups and founders

Auto-tech platform Cars24 launches AI Labs to build AI-first products and support founders through funding, mentorship and partnerships with OpenAI, AWS and ElevenLabs