Page 8 - Company News

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

Tata Group targets $100 bn revenue from auto units by 2031 after demerger

N Chandrasekaran said the group will invest across electrification, manufacturing capacity, tech and new products following the demerger of Tata Motors' passenger and commercial vehicle businesses

Beyond the kurta: Why ethnic-wear brands are chasing the western wardrobe

For decades, Fabindia's identity has been closely tied to kurtas, handwoven fabrics, Indian craft. With Fabels, it is asking whether that identity can travel into a very different part of the wardrobe

Honda to add 3,800 jobs in India by 2028 with 2-wheeler capacity expansion

The Japanese two-wheeler maker plans to expand annual production capacity to 8 million units by 2028 while strengthening India's role in its global manufacturing and export network

US judge seeks more details from Adani on DOJ move to drop bribery case

Judge Nicholas Garaufis has directed the Indian billionaire to file sworn responses by July 15 on whether any promises or deals were linked to the Justice Department's move to dismiss the indictment

Flipkart sees small towns drive premium food demand ahead of IPO push

Vice president Nishant Dalal says Tier 2 and Tier 3 cities are fueling gourmet and premium food sales

ExxonMobil's India GCC leases 235,300 sq ft space in Bengaluru for ₹70.3 cr

ExxonMobil Services and Technology has leased 235,300 sq ft of office space at Bengaluru's International Tech Park Bangalore, with a total rental outgo of Rs 70.3 crore

Three top executives resign from Axis Bank as lender rejigs leadership

Anil Agarwal, president and group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned