Page 9 - Company News

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

Mizuho Financial to buy KKR-backed Avendus Capital for expansion in India

Japan's third-largest bank got agreement from a major shareholder to purchase 61.6 per cent of the Mumbai-based firm

Maruti Suzuki expects new EV lifting green-car share of India sales to 45%

The unit of Japan's Suzuki Motor Corp., which is looking to roll out its new e VITARA subcompact crossover in India from early next year, expects greener vehicles to make up about 45 per cent of its o

Citroën India sees three-fold rise in Q4 sales on strategy shift

Growth has been supported by continued product innovation, expanded export programmes, and strengthened engineering and software capabilities as the quarter progresses, the company said

Indigo crisis: PIL filed in Delhi HC seeking direction for compensation

On Tuesday, crisis-hit IndiGo said it cancelled 110 flights across its network due to disruptions caused by bad weather at Delhi airport

Apple exports record $2 billion worth of iPhones from India in November

Apple's iPhone exports in November constitute nearly 75 per cent of the total smartphone exports from the country amounting to $2.7 billion in the month

Ola Electric founder sells personal shares to repay ₹260 cr promoter loan

Bhavish Aggarwal monetises a small part of his stake, lifting a key overhang while retaining roughly 34 per cent ownership

NCLT Mumbai okays demerger of Vedanta into five distinct entities

After clearance at the first motion stage, SEPCO moved an intervention application relating to disputes with Talwandi Sabo Power Limited

Dharma Productions buys Cornerstone's stake in its talent management firm

With this, Dharma Productions will get full control over Dharma Cornerstone Agency, which was started as a joint venture with Cornerstone Sport and Entertainment

Centre to sell up to 3% stake in Indian Overseas Bank, eyes ₹2,100 crore

The Centre will sell a base tranche of 2 per cent, or about 385.1 million shares, with an option to offload an additional 1 per cent, or 192.5 million shares, through a green shoe option

Bhavish Aggarwal monetises Ola Electric stake, releases ₹260 crore pledges

Ola Electric is not expected to see further promoter pledges as the current one was done to seed fund AI startup Krutrim, which has re-emerged as a cloud infra player with positive cash flows

Govt reappoints Ashwini Tewari as SBI managing director till December 2027

Earlier this week, the government appointed Ravi Ranjan as managing director with effect from December 15, 2025, till September 30, 2028

Saregama India to invest ₹325 cr in Bhansali Productions to boost business

This deal is expected to strengthen Saregama India's video segment and further consolidate its market leadership in the music licensing segment

RBI gives nod to HDFC Bank's arms to acquire up to 9.5% in IndusInd Bank

The RBI approval to HDFC Bank to increase its stake in IndusInd Bank through its group entities is valid for a year, that is, till December 14, 2026

Vedanta's demerger plan gets NCLT nod; can now split business into 5 units

The ruling clears way for Vedanta's vast operations to split into five separate units, of which four will focus on aluminum, power, oil & gas, and iron ore, respectively

Google announces $8 million funding for India's AI research ecosystem

Google's latest funding will support four AI centres of excellence, healthcare research, Indic language technologies and startups

B Sairam takes charge as Coal India chairman and managing director

He succeeds Coal Additional Secretary Sanoj Kumar Jha who held the interim charge as Chairman since November 1, 2025, following the superannuation of P M Prasad on October 31