Page 76 - Company News

British American Tobacco plans to offload stake in India's ITC Hotels

Dec 4 (Reuters) - British American Tobacco is looking to offload its stake in India's ITC Hotels, it said on Thursday, through an accelerated bookbuild process

Nexus raises $700 million fund to back AI, consumer, fintech startups

Nexus Venture Partners has closed its $700-million Fund VIII to invest in early-stage AI, enterprise software, consumer and fintech startups across India and the US

Ultraviolette raises $45 million from Ferrari-investor Lingotto, Zoho

EV two-wheeler maker Ultraviolette has raised $45 million in its Series E round from Zoho and Exor's Lingotto, as it scales production, advances battery tech and prepares for an IPO by FY28

Dream11 exits fantasy gaming, pivots to sports-entertainment platform

The redesigned platform will offer creator-led live match watch-alongs, features for fans to react and exchange comments in real time, and free-to-play fantasy sports

BofA sees Nifty at 29,000 in 2026 as earnings drive market returns

Bank of America has set a Nifty target of 29,000 for 2026, saying limited valuation upside means returns will hinge on earnings growth, with large-caps expected to outperform mid- and small-caps

Airtel-Nokia partnership to help developers create new revenue streams

The collaboration will enable the developer community to seamlessly build advanced solutions leveraging the Airtel network's robust capabilities such as Al, 5G, edge computing and more

Zepto brings 'slotted' delivery to quick commerce users in select locations

Zepto has introduced a slotted delivery option in a pilot across select locations including Delhi and Bengaluru, letting users schedule orders for a same-day time window alongside instant delivery

IndusInd Bank denies report of talks to bring in strategic partner

IndusInd expects to grow in line with the country's banking sector next year, its chief executive said last month, following efforts to clean up its books

Nearly 54% IndiGo flyers complain about timeliness, staff behaviour: Survey

A LocalCircles survey of IndiGo flyers, conducted against backdrop of social media complaints about service standards, highlights punctuality and staff behaviour as biggest pain points for passengers

IndiGo cancels over 300 flights in 2 days: What's causing the disruption?

IndiGo cancelled over 300 flights in the last two days across India, causing widespread delays and leaving thousands of passengers stranded across major airports

IndiGo cancels 175 flights as pilot shortage crisis enters third day

The crisis is a major setback for the two-decade-old airline that built its reputation on being punctual, coining the tagline "IndiGo Standard Time" when it shut plane gates well before departure time

Modi Illva targets ₹4,000 crore sales in 5 years; to import Illva brands

Modi Illva aims to double revenues to Rs 4,000 crore in five years and is in talks to import select Illva Saronno brands, as it expands its premium portfolio and rolls out Rockford Imperial Reserve

OpenAI in talks with TCS to begin Stargate India chapter, expand footprint

The San Francisco-based company is said to be exploring a plan to lease at least 500 MW of data centre capacity from HyperVault, TCS's newly established data centre arm

Cristal Azul targets 150,000 cases and ₹150 crore India revenue by 2026

New York-born, Mexico-produced tequila Cristal Azul is targeting 1.5 lakh cases and Rs 150 crore in revenue in its first two years in India, betting on premium spirits growth

Infosys seeing surge in traction among clients for India-based GCCs

Infosys, India's second largest IT services provider, launched its AI-first GCC model last month which accelerates the set up and transformation of GCCs into AI-powered hubs for innovation and growth

JSW Steel, JFE to form 50:50 JV for BPSL steel business at ₹15,750 crore

The deal is aimed at bolstering the growth of the two steelmakers, whose partnership goes back to 2009, when they signed a comprehensive agreement

Upgrad narrows loss for FY25 to ₹273 crore, revenue rises over 5%

The revenue from operations of Upgrad increased by 5.5 per cent to Rs 1,569.3 crore during the reported fiscal from Rs 1,487.62 crore a year ago

Birla Estates partners Sikka Group to co-develop ₹1,600 cr Noida project

Birla Estates has tied up with Sikka Group to co-develop a ₹1,600-crore Greater Noida housing project, leveraging new revival policies that allow creditworthy developers to take over stalled projects

RBI approves Vikram Sahu as CEO of Bank of America in India: Internal memo

Sahu will report to Jin Su, president of Asia Pacific, Bank of America

Won't require more tech-related headcount: Pine Labs' B Amrish Rau

Fintech firm posts second consecutive PAT-positive quarter, plans to maintain tech headcount at 1,000 while boosting software revenues