Page 46 - Company News

LIC demerger, PSU insurer divestment drive 'Insurance for All by 2047'

An IIM Kozhikode panel has proposed splitting LIC and divesting weak PSU insurers to boost competition, capital and insurance penetration under the 'Insurance for All by 2047' vision

India to be among top three markets of Coca-Cola: Global president Murphy

Indian market has a solid foundation, and the underlying consumer sentiment is quite robust, despite challenges faced by Coca-Cola here in 2025 due to weather-led disruptions, he added

Ola Electric secures BIS nod for India's first home battery system

Ola Shakti is the country's first residential BESS (Battery Energy Storage System) solution, which is designed, engineered, and manufactured in India

L&T Onshore wins major LNG, ethane storage project from Petronet LNG

The EPCC project at Gujarat's Dahej Petrochemical Complex includes LNG, ethane and propane storage tanks and handling facilities, supporting India's first integrated petrochemical complex

LTIMindtree wins ₹3,000 crore CBDT deal for AI-led tax analytics platform

The seven-year contract will modernise India's national tax analytics platform using AI, digital architecture and data analytics to deliver real-time insights for policymakers, the company said

Goldman Sachs plans bond sale of at least $12 billion after Q4 results

Wells Fargo & Co. and Morgan Stanley are also tapping the high-grade bond market, a day after JPMorgan Chase & Co. kicked off the sector's latest round of note sales with a $6 billion transaction

Higher expenses drag Angel One Q3 profit down 4.5% to ₹269 crore

The company's board has approved a stock split in the ratio of 1:10, whereby each equity share with a face value of ₹10 will be subdivided into 10 equity shares of ₹1 each

CCI rejects Apple's plea, warns antitrust case will proceed further: Report

The warning came after the Competition Commission of India said Apple delayed filing responses sought by investigators for over a year, despite multiple extensions, according to a Reuters report

IHG Hotels & Resorts likely to foray into branded residences in India

"You have to be strong in India to be strong outside India," said CEO Elie Maalouf on catering to India's growing number of outbound travellers alongside China

CARS24 revenue rises 18% as retail shift narrows losses ahead of IPO plans

Auto-tech firm says higher-margin retail and financing businesses are reshaping its profit profile

Two more HUL manufacturing units receive WEF Lighthouse recognition

HUL's Gandhidham and Pondicherry plants have been recognised by the World Economic Forum as Advanced 4IR Lighthouses, taking the company's total Lighthouse sites to five

PFC launches third public NCD issue, eyes ₹5,000 crore fundraising

The NCD issue offers multiple series with tenures of 5, 10 and 15 years, including a zero-coupon bond option, a first for a PSU in the public bond market

IHCL acquires 51% stake in Brij Hotels, strengthens boutique play

Brij Hospitality Private Limited has a portfolio of 22 hotels, including 11 hotels under development

GPL claims top spot among listed peers by bookings, collections in CY25

The company sold 16,428 homes with a total saleable area of 27.26 million square feet (msf), driven by 41 project launches across India during the year

Retail segment likely to weigh on RIL's Q3 show even as Jio, O2C shine

RIL's Q3FY26 earnings may be a mixed bag, with weakness in the retail business likely to offset strong performance in Jio and refining-led gains in the O2C segment

BlackRock's assets hit record $14 trillion on fourth-quarter markets rally

As inflation eased and the job market cooled, the Federal Reserve turned more dovish, driving strong inflows into BlackRock's fixed-income products

Carlsberg India inaugurates new can line in Mysuru, invests ₹100 crore

Carlsberg India boosts capacity at its Mysuru brewery with a ₹100-crore canning line, deepening its Karnataka presence and backing long-term growth in India's beer market

Investec India partners Ravi Kapoor's SACS Partners to boost advisory biz

As part of the arrangement, veteran investment banker Ravi Kapoor, founder of SACS Partners, will take on a non-executive role as vice-chairman of investment banking at Investec India

KKR raises $2.5 billion to scale Asia-Pacific private credit platform

KKR has raised $2.5 billion for its Asia private credit strategy, highlighting strong investor appetite for performing, privately originated credit across the region

Flipkart taps former Tyson Foods executive Jane Duke for ethics role

Veteran compliance leader joins e-commerce giant amid efforts to strengthen oversight and institutional leadership ahead of an IPO