Page 9 - Company News

UniCredit nears control in Commerzbank after it secures 48% stake

UniCredit has secured a 47.6% stake in Commerzbank, moving closer to control despite continued opposition from Germany's government and the lender's management

Apple's expanded agreement with Broadcom expected to top $30 billion

Apple's chip partnership with Broadcom will exceed $30 billion, boosting US semiconductor manufacturing and supporting its AI and wireless technology ambitions

Weak rupee weighs on BMW India margins; further price hikes on the cards

BMW Group India said every Re 1 depreciation in the rupee against the euro trims its profit margin by about 1 per cent, prompting the company to consider further price increases

HT Media board to meet on July 11 to consider fund-raising options

HT Media's board will meet on July 11 to consider raising funds through equity shares, convertible securities, bonds, debentures or other approved routes

Tata Motors PV charts 10-fold growth plan by FY31, targets 20% market share

Tata Motors Passenger Vehicles aims to sell more than 1.2 million vehicles annually by FY31, with EVs contributing over 30 per cent of volumes and EBITDA margins in double digits

PhonePe appoints Srijon Biswas as CTO; Rahul Chari takes expanded CPTO role

PhonePe has appointed Srijon Biswas as chief technology officer, while co-founder Rahul Chari assumes the expanded role of chief product and technology officer

Nuvama, C&W JV fund achieves final close of ₹4k cr, eyes office investments

Nuvama and Cushman & Wakefield's Prime Offices Fund has achieved a final close of Rs 4,000 crore after strong investor demand and has already committed about 45% of its capital

NoBroker's ConvoZen expands into West Asia with Arabic AI speech models

NoBroker's ConvoZen.AI has entered West Asia with Arabic speech models Alif and Rawi, designed for multilingual, multi-dialect enterprise voice interactions across the MENA region

Google picks 20 Indian AI startups for 2026 accelerator programme

Google has selected 20 Indian AI startups for its 2026 accelerator programme, offering access to its AI stack, technical mentorship and support for scaling globally

Fortis healthcare reappoints Ashutosh Raghuvanshi as MD for two more years

Fortis Healthcare's board has approved the reappointment of Ashutosh Raghuvanshi as Managing Director for two years from March 19, 2027, subject to shareholder approval

Amazon Seller Services leases 417K sq ft warehouse in MMR's Bhiwandi

Amazon Seller Services has leased a 417K sq ft warehouse in Bhiwandi for nine years at a monthly rent of ₹1.26 crore, with annual rent escalation of 5 per cent

L&T Vyoma, Fortanix partner on sovereign, secure AI services in India

The partnership will combine L&T Vyoma's sovereign AI infrastructure with Fortanix's data security platform and Nvidia Confidential Computing technology

PhonePe elevates Srijon Biswas as CTO, co-founder Chari to become CPTO

Biswas, who has been with the fintech firm for nearly a decade and previously served as the Head of Engineering, will now lead PhonePe's entire engineering organisation

Tata Group expects auto biz to reach $100 bn in next 5 years: Chairman

Chandrasekaran said Tata Motors Passenger Vehicles Ltd will keep its focus on launching aspirational products for its current consumers

'India remains long-term market for Singapore's Temasek despite volatility'

Singapore's state investor says it remains constructive on India's long-term growth story, citing opportunities in consumer, financial services and healthcare despite exchange rate volatility

Why Flipkart is giving up commission to win more of India's fashion sellers

By removing commission across all fashion price points, Flipkart is betting that better seller economics will bring more brands, products, and shoppers to its platform

Flipkart expands zero-commission policy for sellers across fashion category

The move will benefit about 90,000 fashion sellers by removing commissions across all price points, months after Amazon India cut seller fees to attract more merchants

Piramal Alternatives invests ₹125 crore in JRG Automotive Industries

The investment is the fourth capital infusion by Piramal Alternatives' India Credit Opportunities Fund II, a sector-agnostic fund focused on high-growth mid-market companies

Blue Tokai aims to triple store count in 4 years amid rising competition

Specialty coffee chain plans to add 120 outlets this year, open its first overseas store in Dubai and target profitability by March 2028

Tata Power plans to enter nuclear sector: Chairman N Chandrasekaran

Tata Power targets Rs 1 lakh crore in revenue and Rs 10,000 crore in PAT by 2030, while expanding into nuclear power, battery storage and solar manufacturing in Odisha