Page 94 - Company News

myTVS eyes Africa, Europe as it plans 2,500 service centres by 2027

myTVS aims to expand into Africa and Europe and scale its multi-brand service network from 1,200 to 2,500 centres by 2027, supported by 10 million active service subscriptions and a UAE partnership

Paytm gets final nod from RBI to operate as a payment aggregator

PPSL, a subsidiary of One 97 Communications, has received RBI's final authorisation to operate as a payment aggregator, enabling unrestricted merchant onboarding after earlier curbs were lifted

Eternal infuses ₹600 cr into Blinkit as qcom expansion accelerates

Eternal has invested another ₹600 crore in Blinkit to support expansion and operating needs, marking its third infusion this year as competition in India's quick commerce space intensifies

May open engine unit in India if more Rafales ordered: Safran CEO

Safran says it could establish an M88 engine assembly line in India if large Rafale orders are placed, as the firm expands Leap and M88 MRO facilities and triples India revenue by 2030

Bharti Airtel promoter entity ICIL sells 3.43 cr shares for ₹7,189 cr

After the share sale, Bharti Airtel's scrip fell 3 per cent to Rs 2,097.50 apiece on the NSE while it dipped by 2.81 per cent to Rs 2,100 per share on the BSE

Adani Enterprises REs trade between ₹373-600 as rights issue opens

Nearly 5 million REs of Adani Enterprises changed hands between Rs 373 and Rs 600 as its Rs 24,930-crore rights issue opened, with ETFs selling REs due to restrictions on holding partly paid shares

Ace International raises ₹305 cr to build dairy nutrition hub in Andhra

Funding from FMO, responsAbility, Incofin, and Fiedlin will back a greenfield facility in Kuppam, aimed at high-performance, customised nutrition ingredients

India's new test for Permanent Establishment: Control over Presence

The Hyatt case has reignited a debate over what constitutes a permanent establishment, with courts increasingly focusing on the 'form over substance' principle

Infosys' ₹18,000 cr buyback gets 8.3x bids; 826 mn shares tendered

Infosys' Rs 18,000-crore buyback drew bids for 826 million shares against 100 million on offer, with experts saying participation was driven by investors in lower tax brackets

Ramprasad Sridharan appointed PUMA India MD, succeeding Balagopalan

PUMA has named retail veteran Ramprasad Sridharan as managing director of PUMA India from December, succeeding Karthik Balagopalan and strengthening its leadership for the fast-growing market.

Model Y buyers in India can recover a third of cost through savings: Tesla

Tesla expects Indian Model Y buyers to recover around a third of the ₹60 lakh cost through fuel and maintenance savings, with cheap home charging, and high resale value

Snowflake says no plans to launch R&D centre in India now

A small percent of Snowflake's revenue comes from India now, considering Asia Pacific and Japan (APJ) contribute just six percent to the topline, while almost 80 percent comes from the US

Zydus Lifesciences, RK Pharma sign deal for licensing, commercialisation

The product is expected to be filed in 2026 and will provide a formulation that is intended to provide reduced dosing error and enhanced compliance of healthcare professionals

Vikram Solar commissions 5-GW solar module mfg plant in Tamil Nadu

Spanning 27,000 square metres, the plant, built on advanced TOPCon technology, is designed to support M10, G12, and G12R formats

IL&FS group repays ₹48,463 cr to its lenders, reaches nearly 80% of target

IL&FS is paring the debts through asset resolution, interim distribution which includes cash & InviT units, among others

United Spirits cuts 93% emissions, surpasses renewable energy targets

Key achievements include a 54 per cent improvement in water-use efficiency at distilleries and 35 per cent at packaging sites since 2020

ChatGPT likely to have 220 mn paying subscribers every week by 2030

Around 35 million people (about 5 per cent of weekly users) were already paying for the ChatGPT Plus plan at $20 per month or the Pro plan at $200 per month as of July this year

Nvidia CEO asks to boost AI usage, says employees should not fear job cuts

Stating that he wants every task that can be done by AI to be done by AI, Huang promised employees they would still have plenty of work

PepsiCo brings Red Rock Deli gourmet chips to Indian snack market

Made with sunflower oil and created using three distinct advanced technologies -- Kettle Cooked, Baked and Popped -- the range blends exotic and globally inspired flavours

Ola's Bhavish Aggarwal bets on new home batteries to revive business

Investors are balking at joining the company's new ₹1,500 crore ($168 million) fundraising plan given the Indian EV maker's deteriorating sales and financial health