Page 9 - Company News

Sigma Advanced Systems begins aerospace production at Sri City facility

Around 75,000 sq ft of the 500,000 sq ft campus is operational, providing 100,000 annual machining hours, with capacity targeted to rise to nearly 300,000 hours

Axis Bank's AI push signals slower hiring ahead as it scales up business

The lender opened about 400 branches in FY26 even as its net headcount fell 3%, with CEO Amitabh Chaudhry expecting technology investments to support further growth without similar staff expansion

Classic Legends to double capacity to over 200K units by year-end

The Jawa and Yezdi maker will raise capacity from 120,000 to over 200,000 motorcycles by year-end as it prepares for higher domestic sales and exports

House of Tata set for season of meetings amid leadership uncertainty

Under the Tata Sons Articles of Association (AoA), SRTT and SDTT have to jointly nominate three members to the five-member selection committee.

Snap CBO Ajit Mohan steps down, EMEA President Ronan to replace him

Mohan, who joined Snap from Facebook and became chief business officer last year, will remain with the company until the end of the calendar year

Nexus Select Trust to acquire Guwahati mall, hotel for ₹1,600 crore

The ₹1,600 crore deal for the upcoming Galaxy Complex, comprising a mall and Hyatt Regency hotel, marks Nexus Select Trust's entry into Northeast India

PhonePe to launch UAE operations in its first international market foray

The fintech major has secured two licences from the Central Bank of the UAE to offer consumer payment instruments and e-payment acceptance infrastructure to merchants.

Flipkart tests 'Eat In' food delivery, pilots standalone Minutes app

Flipkart is testing Eat In with employees and a standalone Minutes app with select users in Bengaluru, as it prepares for wider rollouts ahead of its festive-season sale.

Amazon reviews Indian state food inspectors' findings after raid

Federal and state officials have raided clubs, restaurants and big brands such as Domino's and McDonald's as part of a nationwide enforcement crackdown in recent months.

India will lead in AI adoption, scale over next decade: Sarvam cofounder

Sarvam cofounder Pratyush Kumar said India has its own AI models, access to GPUs and a growing talent pool, with financial services set to drive adoption and demand.

BoB CEO calls for higher investment in cyber security as threats mount

Bank of Baroda MD and CEO Debadatta Chand said banks need stronger technology investments to tackle cyber threats, while customer risks require greater digital literacy

LOHUM targets 30,000 tonnes lithium carbonate output from Zimbabwe assets

The critical minerals company has begun mining across 10 spodumene-bearing blocks and plans to refine the material in India as part of an integrated battery-materials supply chain

APSEZ secures bid to develop, operate two dry bulk berths at Paradip

The 30-year PPP concession will add 18 MMT of capacity to APSEZ's portfolio and strengthen its presence across India's East Coast industrial and mineral hinterland

India lifts ban on JPMorgan Chase & Co unit in index manipulation charge

While the regulator has allowed both entities to trade in India's capital markets, its investigation into the alleged market manipulation will continue.

Amazon to raise over $5 bn in first sterling bond sale, lead managers say

Amazon saw over 12 billion pounds in demand for the four-part deal, ​which will is expected to raise 1 billion pounds each from 3-, 6-, 12- ‌and 19-year bonds

Paras Dairy, KIS Group to set up 10 BioCNG plants with ₹1,000 cr investment

Bengaluru-based KIS Group and Paras Dairy will form a joint venture to set up 10 BioCNG plants with an investment of Rs 1,000 crore.

SFIO recommends detailed probe into Xiaomi's business, FDI compliance

The recommendation said the investigation should examine movement of funds and whether Xiaomi sought mandatory investment approvals as required after India tightened scrutiny of Chinese investments

L&T secures up to ₹5,000 cr offshore order for west coast energy projects

The order covers development of the Ratna-I and NLM-14 projects off India's west coast, including new platforms, subsea pipelines and brownfield modifications

PwC India, Claroty form alliance to boost cybersecurity for critical infra

The alliance is intended to help organisations enhance resilience, strengthen visibility across connected assets, and respond to a rapidly evolving threat landscape.

QNu Labs raises ₹200 crore as demand for quantum-safe security builds

The funding will support technology development and global expansion as governments and enterprises prepare for a shift towards quantum-safe cybersecurity infrastructure