Page 50 - Company News

Avenue Supermarts Q1 revenue up 15.1%; board to consider debt fundraising

DMart operator's standalone revenue rose to Rs 18,343.49 crore in the June quarter; board to consider raising funds through debt securities on July 11

Bajaj Finance Q1 AUM rises 24% to ₹5.46 trillion; loan bookings up 20%

Customer franchise crossed 124 million in the June quarter, while deposits stood at about Rs 68,500 crore, according to the company's provisional business update

Air India cuts fuel surcharges for North America, Europe flights

Air India has reduced fuel surcharges on flights to North America, Europe, the UK and Australia from July 1 after easing oil and jet fuel prices

Adani Group seeks Kerala govt approval for Vizhinjam port stake sale

Adani Group has approached the Kerala government for approval of its proposed $1.4 billion stake sale in Vizhinjam Port after the transaction triggered political objections

Marico expects to post double-digit consolidated revenue growth in Q1

Marico expects revenue growth in the early twenties for Q1FY27, driven by strong domestic demand, Parachute Coconut Oil and international business

Suzuki Motor Corp to double Kharkhoda plant capacity to 1 million units

Suzuki Motor Corporation will expand the capacity of its newly inaugurated Kharkhoda manufacturing facility in phases, reinforcing its long-term commitment to India

PC Jeweller posts 21% growth in Q1 revenue; to be debt free in Sep quarter

PC Jeweller reported 21% revenue growth in Q1FY27 and said it expects to become debt-free in the July-September quarter after cutting over 90% of its debt

BPCL buys Videocon's Brazil oil and gas stake, takes full ownership of JV

BPCL has acquired Videocon's remaining stake in IBV Brasil Petroleo, taking full ownership of the Brazilian venture as it looks to expand overseas energy assets

OIL targets early 2027 for commissioning of Numaligarh refinery expansion

State-owned Oil India expects its Rs 28,000 crore Numaligarh refinery expansion project to be operational by early 2027, tripling refining capacity to 9 million tonnes

Maruti's ₹35K cr Kharkhoda plant inaugurated, capacity to reach 1 mn units

Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi inaugurated Maruti Suzuki's Kharkhoda plant, which is set to scale up to 1 million units annually

Ujjivan SFB raises FCNR(B) deposit rate to 7.50% after RBI eases norms

Ujjivan Small Finance Bank raises interest rates on 3-5-year FCNR(B) deposits after the RBI removes the ceiling on fresh deposits of similar maturities

Udaan's S'pore Holding co faces insolvency proceedings over $170 mn default

Creditors filed a winding-up petition after debt-restructuring talks collapsed; Udaan says the proceedings are limited

Can cheaper bank funding spark India's next M&A cycle after RBI move?

Banks can now finance acquisitions under RBI's revised framework; experts say lower borrowing costs may improve deal economics, but valuations and strategic fit will continue to drive M&A decisions

Amazon to act against India delivery partner after fire probe concludes

A fire at M&M Logistics Solutions, an Amazon delivery partner in the northern state of Uttarakhand, killed two people on June 5

Adar Poonawalla Family Office invests ₹700 crore in Inox Clean Energy

This follows an investment from CalPERS, which had invested approximately ₹800 crore in the previous rounds, amongst other investors, Inox Clean said in a statement

Adani Group, UAE's IHC plan $11.5 billion aluminium investment in Odisha

Project set to become India's largest foreign mining investment

TVS Motor June sales jump 47% to 590,003 units, EV sales more than triple

Total two-wheelers sales, including moped, registered a growth of 47 per cent at 565,417 units in the previous month as against 385,698 units in June 2025

Bajaj Auto total sales up 28% to 463,202 units in June, exports jump 47%

The Pune-based automaker had sold 360,806 vehicles in June last year, Bajaj Auto Ltd said in a regulatory filing

ShareChat plans $400 million IPO after turning operationally profitable

The company, commonly known as ShareChat, has become operationally profitable in the first quarter of the year that began April 2026

Tata Motors widens electric passenger vehicle lead as competition hots up

Q1 Vahan data show overall PV market share rising to 14.2% from 12.5%, reinforcing Tata Motors' No. 2 position