Page 4 - Company News

Urban Company revives a key question: Can profit wait for growth?

Urban Company is prioritising market leadership in InstaHelp despite near-term losses, while its established India consumer-services business continues to make money

Ather turns Ebitda positive: Where other electric two-wheeler makers stand

After years of prioritising growth, India's electric two-wheeler makers are focusing on improving unit economics, localisation and manufacturing efficiency

Ola Electric signs MoU for 20 GWh of battery storage deployment by 2032

The Axis Energy MoU marks Ola Electric's first commercial partnership for its upcoming utility-scale battery energy storage systems platform launch on August 15

Vedanta faces fresh scrutiny over 'illegal' groundwater extraction

The Central Ground Water Board has asked Odisha to form a joint panel to investigate allegations that Vedanta's Jharsuguda unit extracted groundwater without statutory approvals

Ardee Industries raises ₹128 cr from anchor investors ahead of IPO

The company allotted 2.41 crore equity shares to anchor investors at Rs 53 apiece, the upper end of the initial public offering (IPO) price band

As Netflix completes 10 years in India, Ted Sarandos meets creative writers

Netflix marks 10 years in India as Ted Sarandos engages with writers, highlighting the platform's focus on local storytelling and creative talent development

LIC's OFS oversubscribed 3.32 times; govt uses 4% greenshoe option

Shares tumbled nearly 9% on Tuesday even as bids worth over Rs 36k cr recd; settle at an over two-month low

Ather Energy to enter ₹1-1.25 lakh e2W space with new EL platform

This price bracket currently accounts for 55-60 per cent share of the overall electric two-wheeler play in India. But Ather had been conspicuous by its absence in this e2W segment

Persistent Systems upbeat on banking, insurance to drive growth: CEO

Strong deal wins across the US and Europe are expected to offset weakness in parts of the healthcare business, while the Nagarro acquisition will strengthen its Europe presence.

HFCL to invest ₹400 cr to expand optical fibre cable manufacturing capacity

Telecom equipment maker HFCL announced that its board has approved a fresh investment of approximately Rs 400 crore to expand its optical fibre and optical fibre cable manufacturing capacities.

Consumption slows, medium- to long-term growth story intact: Nestle India

Company cites food inflation and geopolitical disruptions as near-term headwinds but says rural reach, premiumisation and e-commerce will continue to support long-term growth.

L&T secures 'ultra-mega' order worth over ₹15,000 crore from ADNOC

To execute EPCIC of offshore facilities, besides upgrading the existing ones

PVR INOX charts no-frills expansion into smaller towns with SMART Cinemas

The multiplex chain will use a franchise-owned, company-operated model to enter around 300 smaller towns, offering lower ticket prices and capital-efficient expansion

DLF confident of meeting ₹20K cr FY27 pre-sales target despite weak Q1

Developer says weak first-quarter bookings reflected deferred launches and expects projects in Gurugram, Mumbai and Goa to help achieve its FY27 sales target.

Aditya Birla Health bets on young adults to drive health insurance growth

ABHICL CEO said, "We see a significant opportunity in the 25-35 age segment. While they account for nearly 65% of the country's population, their share in health insurance is less than 15%."

Mumbai-based Mintoak acquires ICC Loyalty to deepen presence in West Asia

The acquisition gives the Mumbai-based fintech access to 34 UAE banks, expands its issuing-side capabilities and takes the combined business to over $30 million in annual revenue

Razorpay boosts AI push with senior hires from Microsoft, Salesforce, Cred

Executives will help build payment systems that can increasingly make decisions using artificial intelligence, says the company

Zydus Life gets USFDA nod for generic indocyanine green for injection

USFDA has granted final approval to Zydus Lifesciences' generic version of IC-Green, an imaging agent used in vascular, transplant and cancer surgeries.

SoftBank-backed OfBusiness exports double to over ₹2,500 crore in FY26

Footprint across 70 global markets as buyers diversify sourcing away from China, even as India's FTA deals boost export potential

Dabur seeks legal advice on future course after FSSAI prohibitory order

The FMCG major said it is engaging with the food regulator after it barred the sale of products carrying '100 per cent' claims and sought an action taken report.