Page 8 - Company News

RP-Sanjiv Goenka Group commits ₹15,800 crore capex in West Bengal

The cornerstone of the proposed investment is a revolutionary energy projecta massive 5,000 megawatt hours (MWh) storage facility

RBI clears Paytm arm PPSL as payment aggregator for offline transactions

The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month

'Worst is behind us, focus on rebuilding': IndiGo CEO's message to staff

IndiGo CEO Pieter Elbers said the focus of the airline is now to solidify operations and to ensure that the operations are stable as the bad weather and IROPS season begin this week

USFDA issues Form 483 with five observations to Aurobindo's Pharma unit

The company is committed to maintaining the highest quality manufacturing standards at all of its facilities across the globe, the drug firm said

ACME Solar secures ₹4,725 crore funding for renewable energy projects

It has also got its first greenfield project financing for Acme from National Bank for Financing Infrastructure Development (NaBFID) of ₹800 crore for the 150 MW ACME Platinum Solar + ESS project

Bharat Taxi to roll out in Jan: Here's how it is different from Ola, Uber

Operated by Sahkar Taxi Cooperative Limited, Bharat Taxi is being promoted as the home-grown, driver-owned mobility service

Xiaomi to expand non-mobile business; bets on TVs, wearables, tablets

Xiaomi is doubling down on TVs, tablets and wearables in India while pushing premium smartphones, aiming to lift non-phone revenues to the high-20% range

Amazon Pay rolls out biometric authentication for UPI payments in India

Amazon Pay now lets Android users approve eligible UPI transactions with fingerprint or facial recognition, reducing PIN friction for payments up to ₹5,000, the company said

Fintech firm Google Pay plans to add more co-branded card issuers

Google Pay has launched its co-branded credit card with Axis Bank on RuPay, enabling UPI linkage, and said it will add more issuers to widen reach across user segments

TCS annualised AI revenue at $1.5 billion, says CEO K Krithivasan

TCS has disclosed for the first time that its annualised AI revenue is about $1.5 billion, as investors seek clarity on returns from large AI investments across IT services firms

Bhavish Aggarwal offloads another block of Ola Electric shares for ₹142 cr

For the second day in a row, the Ola Electric founder offloaded a block of shares, this time worth ₹142.3 crore through open market deals as part of a monetisation plan to repay a promoter-level loan

BMS partners with Accenture to set up AI-driven content hub in Mumbai

The launch of Mosaic is a key component of BMS's ongoing $130 million strategic investment aimed at advancing its portfolio of AI initiatives and AI-enabled marketing capabilities

Vedanta demerger into five listed firms likely by March 2026: Anil Agarwal

Vedanta plans to complete its demerger into five listed pure-play companies by March 2026, with its ₹48,000 crore debt allocated based on cash flows, said chairman Anil Agarwal

Japan's Mizuho Group to acquire over 60% stake in Avendus Capital from KKR

Mizuho Financial Group will buy a controlling stake in Avendus Capital via its securities arm, marking its latest push to expand investment banking and corporate finance operations in India

Tata Motors' Sierra clocks 70,000 bookings on opening day of sales

Tata Motors said the new-generation Sierra logged 70,000 confirmed bookings in 24 hours, with deliveries set from January 15, 2026, and prices ranging from Rs 11.49 lakh

Apple in talks with Indian chipmakers to assemble iPhone chips in India

Apple held talks with Murugappa Group-owned CG Semi, which is building an outsourced semiconductor assembly and test (OSAT) facility in Sanand, Gujarat, the report said

Mizuho to buy majority stake in India's Avendus from KKR for $523 mn deal

Mizuho Securities, part of Japan's third-largest banking group, Mizuho Financial Group, said it will buy 61.6% to 78.3% of Avendus shares and make the bank a consolidated subsidiary

Govt extends tenure of SBI MD Ashwini Kumar Tewari for another 2 years

This is the second time that Tewari got a two-year extension. The first time he got an extension was in 2024

Tata Chemicals raises ₹1,500 crore through private placement of NCDs

The NCDs have a tenure of two years and 364 days, and carry a fixed rate coupon of 7.06 per cent, Tata Chemicals said

MoEngage raises another $180 million in Series F, offers liquidity to staff

Funding led by ChrysCapital and Dragon Funds backs the company's AI-driven expansion beyond traditional marketing platforms