Page 2 - Company News

Indian Overseas Bank raises rates on select fixed deposits by 10 bps

The state-owned lender has increased rates on select non-callable domestic fixed deposits, while Unity Small Finance Bank has revised rates on its 501-day scheme

NCLT admits SBI's plea to start insolvency process against Anil Ambani

The Mumbai bench of the NCLT admitted SBI's application seeking recovery of more than Rs 1,200 crore from Ambani under provisions of the Insolvency and Bankruptcy Code

Oil India signs pact with Canada's PTRC on clean energy research

The agreement aims to deepen energy cooperation between India and Canada as both countries pursue energy transition and sustainability goals

Delhi HC refuses bail to ex-CFO of Reliance Power in money laundering case

The case pertains to a bank guarantee of ₹68.2 crore submitted to the Solar Energy Corporation of India Limited (SECI) on behalf of Reliance NU BESS Limited

MakeMyTrip adds paid flexible check-in, check-out option for hotel bookings

As per the app, such bookings are available at extra charges across over 10,000 hotels, villas and homestays in India and over 1,000 properties across 20 international destinations

Smartworks leases Bengaluru office space with Sattva in a ₹589 crore deal

Smartworks Coworking Spaces has leased nearly 492,000 sq ft at Sattva Aura in Bengaluru, strengthening its presence in a key enterprise market driven by GCC and technology demand

TCS partners Anthropic to scale AI; to equip 50K employees with Claude

TCS will equip 50,000 of its associates across engineering, finance, legal, marketing, and sales with Claude through enterprise-wide licensing

Beyond Zaynich: Wockhardt bets on WCK 6777 as next blockbuster jab

Once-a-day injectable antibiotic aimed at treatment beyond hospitals through outpatient centres

Wockhardt targets 50% of revenue from novel drugs within five years

Wockhardt expects novel drugs to contribute over half its revenue within five years as it expands a differentiated antibiotic portfolio built through decades of R&D

Zee Entertainment plans ₹2,300 crore fundraise to back expansion plans

The company, which did not disclose a medium for the raise, said the board will deliberate further on options for raising funds

Fidelity pares Meesho stake, raises ₹988 crore through share sale

The shares were sold in the price range of ₹165.18-165.21 apiece, taking the combined transaction value to ₹988.15 crore

Artificial intelligence, geopolitics reshaping biz landscape: Chandra

Tata Consumer Products chairman N Chandrasekaran said businesses are focusing on resilience and productivity as global disruptions reshape markets and consumer behaviour

India's boardrooms in regulators' crosshairs as personal liability rises

From GST and FEMA to insolvency and money-laundering cases, regulators are increasingly targeting executives and directors personally, even as courts insist liability cannot rest on designation alone

Airtel rebrands Priority Postpaid as Fast Lane amid neutrality row

Airtel launched "Priority Postpaid" on May 19, which promises consistent speed even in crowded markets for postpaid customers

President Murmu approves merger of REC with Power Finance Corporation

In March 2029, state-owned PFC completed the acquisition of the government's majority stake of 52.63 per cent in REC Ltd for ₹14,500 crore

Sebi mistook Valcambi's Editda as revenue; all records submitted: REL

The regulator flagged what it called a prima facie misrepresentation of the company's financial position, noting that nearly the entire reported revenue was attributed to overseas subsidiaries

WWI partners invideo to launch AI lab as demand grows for AI-trained talent

The collaboration aims to equip filmmaking students with practical AI skills as the media and entertainment industry increasingly adopts artificial intelligence tools

ADIA arm plans ₹1,944 crore block deal to trim 2.3% stake in Lenskart

Platinum Jasmine A 2018 Trust aims to sell up to 40 million shares at a 2.8 per cent discount to Wednesday's closing price.

Rajesh Exports says will cooperate with audit, won't challenge Sebi's order

Rajesh Mehta denied allegations that Rajesh Exports Ltd (REL) had impeded the audit process and said the company had been forthcoming with investigators throughout

Meta partners with Fourth Partner Energy for 88 MW RE projects in India

Meta will purchase 100 per cent of the environmental attributes associated with the projects, FPEL said in a statement