Page 45 - Company News

Jubilant FoodWorks posts 14.1% Q1 revenue growth; adds 76 stores

Domino's India posted 2.5 per cent like-for-like sales growth during the quarter as Jubilant FoodWorks expanded its network to 3,712 stores

PhonePe Insurance CEO exits as fintech merges insurance with payments biz

Vishal Gupta, part of PhonePe's founding team, has stepped down as the fintech integrates its insurance business with its consumer payments business

TVS Apache crosses 7 mn customers, marks milestone with new campaign film

TVS Motor Company marked the milestone with the launch of its 'Tu Race Laga' campaign, highlighting Apache's racing heritage and presence across 90 countries

Govt to sell 5% stake in Cochin Shipyard at ₹1,400 per share via OFS

The offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026

MobiKwik shareholders approve hiving off lending biz to wholly owned arm

The shareholders have also approved changes in the objects and terms of utilisation of the IPO proceeds, including an extension to the time limit for their use

Bank of Maharashtra reports 27% loan growth, 13% deposit growth

Domestic corporate loans expanded 21 per cent YoY to Rs 1.11 trillion

Nestle Business Services chooses Hyderabad for first India GCC operations

Nestle Business Services will establish its first Global Capability Centre in India in Hyderabad, partnering with Genpact to strengthen technology-enabled global business services

Lockheed Martin to acquire Ultra Maritime in $3.45 billion deal

The acquisition of Advent-owned Ultra Maritime will bolster Lockheed Martin's capabilities in anti-submarine warfare and undersea defence technologies

Megha Engineering completes concrete pour for 700 MW PHWR at Kaiga plant

The milestone marks the completion of a major concrete pour for Kaiga Units 5 and 6, with the 700 MW PHWRs expected to achieve criticality around five years after construction began

Powergrid secures 80 billion yen green loan from JBIC for HVDC project

The funding from the Japan Bank for International Cooperation will support Powergrid's Khavda-Nagpur HVDC transmission project to evacuate renewable energy from Gujarat

Why quick commerce has become a battle no retailer can afford to lose

Quick commerce has moved beyond emergency groceries, forcing Amazon and other retailers to fight to become the first app consumers open whenever they need to buy something

TPG partners ICICI Bank, GIC to acquire Aseem Infra Finance from NIIF

TPG, backed by GIC and ICICI Bank, to acquire Aseem Infrastructure from NIIF, strengthening its push into India's climate and infrastructure financing

Indian IT majors set for subdued Q1 as AI shift, weak demand weigh

Analysts expect weak constant-currency growth as AI-led pricing pressure, cautious client spending and geopolitical uncertainty weigh on demand despite currency gains

Oberoi Realty records ₹8,109 crore bookings for its first NCR project

The Mumbai-based developer said its Gurugram luxury project, Three Sixty North, recorded bookings for about 2.31 million square feet of saleable area

Prestige Estates acquires 50% stake in Advent Hotels for ₹504 crore

The realty firm will jointly develop a 1.5 million sq ft commercial project in Mumbai's Andheri East with an estimated gross development value of ₹4,500 crore

Ashok Leyland, Rosmerta join hands for end-of-life vehicle scrappage

The partnership will give Ashok Leyland customers access to Rosmerta's authorised scrappage facilities, along with support for deregistration and statutory documentation

India's deal value more than doubles as companies chase global assets

India's deal value jumped 127% to $36.3 billion in Q2 as large overseas acquisitions lifted M&A to a four-year high, even as overall deal volumes fell 18% from the previous quarter, finds a new report

Raymond hires ex-BEL chief Bhanu Prakash to lead defence business

At Raymond, Bhanu Prakash Srivastava will be responsible for shaping the company's long-term defence strategy and overseeing its growth plans in the segment

Granules India gets sole first-to-file status for narcolepsy drug Lumryz

The drugmaker's generic version of Lumryz could benefit from 180-day exclusivity in the US market if it meets regulatory requirements

Ashok Leyland partners with Rosmerta Recycling to boost CV scrapping

The move is in line with the central government's voluntary vehicle modernisation programme, which encourages the replacement of older, polluting vehicles with cleaner and more efficient alternatives