Page 5 - Company News

Australia's QBE to buy Prism Johnson's 51% stake in Raheja QBE for ₹324 cr

The Australian insurer will fully own the general insurance company after acquisition of 51% stake

Motilal Oswal buys 1.65% stake in Zelio E-Mobility for ₹9.8 crore

Motilal Oswal Financial Services has purchased a 1.65 per cent stake in Zelio E-Mobility through a Rs 9.8 crore block deal, boosting institutional interest in the newly listed EV maker

Jack Daniel's maker Brown-Forman to launch more premium brands in India

India's affluent buyers splurge on everything from jewellery to pricey liquor, making the country a focus for global brands

1Point1 Solutions completes $33.37 million acquisition of Netcom BCC

The acquisition marks a strategic entry of 1Point1 Solutions into the central and Latin American market, the company said in a statement

Adani Total Gas hikes industrial prices amid conflict in West Asia

As a result of the attacks on Iran and Tehran's retaliatory strikes, transit through the Strait of Hormuz between Iran and Oman, ‌which carries around one-fifth of oil consumed globally

MRPL shuts refinery units amid crude shortage from West Asia conflict

Asian refiners are struggling to secure prompt replacement crude cargoes as Iranian threats to shipping through the Strait of Hormuz have disrupted crude oil flows

GAIL weighs supply cuts to gas customers after Petronet LNG force majeure

Fallout from the US-Israeli attacks on Iran and a widening war has brought the transit of oil and LNG through the Strait of Hormuz to a near halt after some vessels in the area were hit

IndusInd Bank treasury head Siddharth Banerjee to step down in April

Banerjee, who has been the head of the global markets group at IndusInd Bank since 2020, has informed the management about his decision

Paytm ahead on monetisation, diversified business model gives it edge: BofA

BofA says Paytm continues to extend leadership in medium to high-monetisation segments such as merchant payments and lending, placing it ahead of rivals with a diversified revenue mix

SBI recruits 5,783 junior associates, crosses 18,000 hires in FY26

SBI has selected 5,783 junior associates from nearly 9 lakh applicants, taking its total hires in FY26 to more than 18,000 as the bank ramps up customer service and branch operations

IIFL Finance hires EY for due diligence on potential Samasta stake sale

IIFL Finance has appointed EY to conduct due diligence for a possible stake sale in its MFI arm Samasta, as the lender evaluates strategic options amid pressure on the microfinance portfolio

Apple rivals top Indian manufacturers by turnover on surging iPhone output

Based on data provided to the government, Apple manufactured iPhones worth $27 billion in India in 2025 on a freight-on-board (FOB) basis

Reliance Jio to be among first scalable token services providers: CEO

Reliance Jio plans to integrate AI deeply into its telecom operations and position itself among the first scalable token services providers globally, group CEO Mathew Oommen said

AI giving a big boost to Cognizant BPO business, says CFO Jatin Dalal

Segment expanding faster than the core business and delivering better margins as generative AI spurs productivity: Jatin Dalal

DEG and Citi cofinance $76 million to Shriram Finance to boost MSME

DEG and Citi have extended a $76 million co-financing facility to Shriram Finance to expand lending to MSMEs, smallholder farmers, women borrowers, and electric vehicle buyers

M&M: No official word from Indonesia on any suspension of vehicle orders

Mahindra said it has received no intimation from Indonesian authorities about suspending its vehicle imports, clarifying a media report and reaffirming its 35,000-unit export order

MRF to invest ₹5,300 crore in new tyre plant in Tamil Nadu's Sivaganga

MRF has signed a non-binding MoU with the Tamil Nadu government to set up a greenfield tyre manufacturing unit in Sivaganga with an investment of Rs 5,300 crore over 12 years

Jio Platforms appoints Dan Bailey as President, to lead global initiatives

Former Deutsche Bank executive Dan Bailey will lead Jio Platforms' international initiatives and report to Akash Ambani as company prepares for global expansion

Motilal Oswal Home Finance secures $100 million from Asian Development Bank

Motilal Oswal Home Finance secured $100 million from ADB to expand affordable housing loans for women and support green-certified projects, strengthening its funding base and reach

Aurobindo arm launches Pomalidomide generic in US, adds to oncology line

Aurobindo Pharma subsidiary Eugia Pharma has launched generic Pomalidomide Capsules in the US, one of the first-to-file applicants for the drug, expanding its oncology portfolio