Page 2 - Company News

Chandrasekaran defends Tata's long-term bets despite near-term uncertainty

At Bloomberg's New Economy Forum, Chandrasekaran defended chip investments and long-term capital allocation, even as differences with Tata Trusts Chairman Noel Tata deepen over leadership and listing

Vantrock to invest ₹3,000 cr in 4 yrs to build logistics, warehousing parks

Vantrock said it plans to take premium infill land through long-term leases, joint ventures and joint developments rather than outright purchase

NTPC in talks with Japan, South Korea, Germany for sale of green fuel

India has outlined plans to become a major green hydrogen producer, even as developers worldwide have struggled to secure the long-term offtake agreements required to underpin large-scale investments

Kolte-Patil sales rise 52% in Q2 FY27 despite softening housing demand

The Pune-based developer reported Q2 FY27 sales of Rs 1,019 crore, up 52 per cent year on year, and added six Mumbai redevelopment projects with an estimated gross development value of Rs 6,000 crore

Zoho pauses annual pay hikes, cuts marketing spend amid rising AI costs

Zoho founder Sridhar Vembu cited a fourfold rise in server prices, higher AI usage costs and an uncertain software outlook

Why 7-Eleven's India ambitions faltered despite Reliance Retail partnership

7-Eleven has shut its remaining 31 stores in Mumbai and Pune after its five-year franchise partnership with Reliance Retail ended

Old Monk sales ban costs Maharashtra govt ₹350 cr, company loses ₹500 cr

The liquor manufacturer told the Bombay High Court that the sales restriction has cost it over ₹500 crore, as a dispute with FSSAI over rum flavouring and labelling remains unresolved

Kolte-Patil Developers Q2 sales bookings rise 52% to record ₹1,019 crore

Its sales bookings stood at ₹670 crore in the year-ago period

Kalpataru Projects wins new orders worth ₹2,225 crore in T&D business

Kalpataru Projects has secured new orders and a letter of comfort worth about ₹2,031 crore, while its Swedish subsidiary won a ₹194 crore order

Non-metros emerge as key growth drivers for Amazon: V-P Saurabh Srivastava

Amazon India says non-metros account for 70-80 per cent of new customers, while demand for premium products rises in smaller cities and its Amazon Now quick-commerce service expands

Tata-backed Tejas plans foray into new markets in Europe, Global South

The company also won a commercial end-to-end 5G network deployment order in a South American market in the quarter ended June

Tata Trusts seeks more time to reply; Charity Commissioner grants a week

While Sir Dorabji Tata Trust was told to reply by October 12, it sought more time

No economic settlement reached in TVS family: Lakshmi Venu, Mallika

Lakshmi Venu and Mallika Srinivasan say no agreement has been reached on economic ownership within the Venu Srinivasan family, calling for a fair and transparent settlement

Shipping disruptions may make price hikes inevitable: Volvo Cars India MD

Volvo Cars India may raise vehicle prices as geopolitical disruptions push up shipping costs and delay components, even as the carmaker launches its flagship EX90 electric SUV.

CIEL HR eyes ₹2,600 crore revenue this fiscal, says K Pandiarajan

CIEL HR reported 27 per cent revenue growth to Rs 1,178 crore in H1FY27 and aims to consolidate 12 businesses into three clusters ahead of its planned IPO in FY28

BMI raises FY27 growth forecast for India to 7.5% on industrial growth

BMI expects India's economy to grow 7.5 per cent in FY27, driven by industrial activity, but has lowered its FY28 forecast amid elevated oil prices and inflation risks

CreditAccess Grameen raises $175 million via syndicated social loan

The microfinance lender secured funding from 10 financial institutions across Asia, the Middle East and Africa to diversify borrowing sources and optimise funding costs.

HCLTech signs pact with Anthropic to set up dedicated AI business unit

HCLTech will set up a dedicated business unit and centre to develop AI solutions using Anthropic's Claude models and support their enterprise adoption

Stellantis, Tata Motors PV join hands for vehicle tech, product development

The expanded partnership will combine Tata Motors' vehicle technology with Stellantis' engineering capabilities to develop India-made vehicles for more than 50 global markets

Siddharth Nawal to succeed Dalip Sehgal as Nexus Select Trust CEO from 2027

Blackstone-backed Nexus Select Trust has appointed Siddarth Nawal as MD and CEO designate ahead of his takeover from Dalip Sehgal on January 1, 2027, marking a leadership transition