Page 7 - Company News

Singapore's Helios bets on flagship Adani stock, buys 770,000 shares of AEL

The Singapore-based asset manager bought about 770,000 shares of Adani Enterprises Ltd. in the second quarter across three of its funds, two of which were first-time buyers

CBI files first chargesheet against 4 in ₹3,526-crore RHFL bank fraud case

The CBI has filed chargesheet in alleged ₹3,526-cr bank fraud involving RHFL, accusing former executives of conspiring to divert borrowed funds & cause losses to a consortium of 10 public sector banks

SBI to sell 1.42% stake in SBI Funds Management in pre-IPO placement

The stake sale at ₹574 per share - the top end of the asset manager's IPO price band - provides an early benchmark for the unit's valuation and indicates institutional demand before public offering

Marico to keep focus on strengthening growth engines in FY27: Chairman

Marico will focus on strategy, which will aim at category leadership, premiumisation, market expansion, digital enablement, and continue to guide its priorities & investments, supported by execution

Google moves Delhi HC Division Bench, challenges bar on keyword bidding

Co likely to content keyword bidding helps smaller players, gives level playing field for discoverability

JK Tyre plans additional 5%-6% price hikes by September-end

The hikes reflect pressure across the auto-parts sector after an oil price rally linked to the Middle East conflict drove up the cost of petroleum-based inputs, energy and freight.

TCS adds 9,279 employees in Q1, marks second straight quarter of hiring

Tata Consultancy Services added 9,279 employees in the first quarter, signalling improved visibility on deal pipelines despite persistent macroeconomic uncertainty and AI-led disruption

Outbound M&A story intact despite West Asia risks: HSBC's Ajay Sharma

Indian companies' overseas expansion will continue despite geopolitical uncertainty, driven by supply chain diversification, FTAs, AI-led growth and relatively attractive overseas valuations, HSBC's A

Federal Bank gets inaugural BBB- investment-grade issuer rating from S&P

S&P Global Ratings assigned the private sector lender a BBB-/Stable long-term issuer credit rating, recognising its franchise strength, capitalisation and financial resilience

Cognizant to scale up frontier engineers, biz operators for AI adoption

The IT services firm plans to scale its frontier-certified engineers to 5,000 and frontier business operators to 10,000 as enterprise AI adoption gathers pace

Nissan bets on exports, targets fourfold growth in India sales by FY28

The Japanese automaker aims to sell 100,000 vehicles in India and export another 100,000 annually by FY28, with the new Tekton SUV expected to drive growth

Korea's NH Investment invests ₹900 cr in Choice International's broking arm

The South Korean financial services firm will invest through compulsorily convertible preference shares to support Choice Equity Broking's expansion plans

India drives PepsiCo's foods, beverages growth; savoury snacks share rises

The company said India was among its key growth markets, with strong performance in convenient foods and beverages supporting international organic revenue growth

Dr Reddy's to miss annual semaglutide supply target over API quality issue

Drugmaker says it will supply 6-7 million pens in the last two quarters of FY27 and restart production by November after resolving the API-related quality issue

Swiggy's Toing app back online after nearly 24 hour outage across cities

Swiggy's standalone food delivery app Toing has suspended services across multiple cities, with the company attributing the disruption to a technical issue, according to sources

DBS Bank India's net profit jumps 49% YoY to ₹1,020 crore in FY26

The Singapore-headquartered lender's India arm reported robust FY26 earnings, aided by healthy loan growth, improved asset quality and a stronger capital position following a capital infusion

India Inc revenue growth at 2-year high of 11-11.5%, margins fall: Crisil

Corporate revenue is estimated to have grown 11-11.5 per cent in the June quarter as companies raised prices, but higher fuel and freight costs squeezed margins

Dr Reddy's delays semaglutide supplies over active ingredient quality issue

Drugmaker said certain batches of semaglutide failed to meet quality specifications, prompting a delay in commercial supplies, while maintaining there is no impact on patient safety

Govt probe finds Adani's Mumbai airport shops sold illegal nicotine pouches

Official investigation found nicotine pouches were sold without regulatory approval at Mumbai airport's duty-free outlets, while Adani Group argues the relevant drugs law does not apply to such shops

JSW Steel Q1 crude steel output rises 3%; production volumes jump 15%

Production rose to 6.59 million tonnes despite a prolonged shutdown at the Vijayanagar plant, while Indian operations ran at 94 per cent utilisation