Page 2 - Company News

B2B ecom platform Udaan targets IPO by early 2028 as turnaround takes hold

The B2B e-commerce firm expects FY26 revenue to grow 10 to 12 per cent as losses narrow by about 20 per cent, with CEO Vaibhav Gupta targeting profitability by end-2027

Audi India mulls local EV production, aims to double mkt share in 3-5 years

Dhillon said the company would continue to rely on local manufacturing for its core portfolio, while imports could help expand the range of vehicles available to Indian customers

Mercedes-Benz India sees scope for plug-in hybrids in luxury segment

Iyer said plug-in hybrids are priced 5-6% higher than electric or conventional engine cars, but customers in luxury segment could be willing to pay the premium for convenience, flexibility they offer

Brigade Enterprises aims 21% rise in FY27 pre-sales at ₹9,000 crore: MD

The company also has plans to launch a Real Estate Investment Trust (REIT) within the next five years to monetise its rent-yielding commercial assets

Guardrails key to unlocking AI gains for enterprises: Airtel Business CEO

Sharat Sinha backs the government's proposed AI regulation framework, saying safeguards and secure enterprise architecture will enable safe AI deployment

Bellona Hospitality eyes 100 restaurants, ₹650 crore revenue by FY30

Bellona Hospitality, which operates 32 restaurants across five cities under five brands, reported around ₹150 crore revenue in FY26

Cadence pitches homegrown EDA industry for India's chip design push

Cadence India Managing Director Alok Jain said India needs a balanced semiconductor ecosystem, including local EDA tools, to become a major global player

NTPC invites bids for 26% stake in industrial co-generation projects

The proposed initiative seeks to address the diverse requirements of industries with reliable, economical and sustainable energy solutions through long-term power supply arrangements

Tricog Health targets 100 million cardiac screenings by 2030: CEO

The company, founded in 2014, has screened over 41 million patients and currently screens over a million patients globally every month

BMW Industries starts colour coated steel production to cater demand

The new colour-coated steel line, commissioned on Monday, is part of the company's ongoing ₹800-crore expansion plan at Bokaro in Jharkhand, aimed at offering special steel products

Infosys sees no material impact from US suspension of PERM applications

The US government said on Thursday it was suspending some major ‌global tech and IT firms, including Infosys, from the PERM green card program

TCS withholds quarterly bonuses for senior staff after missing targets

Employees in C3A grade and above will receive no quarterly variable allowance this quarter, while junior-level staff will get 100 per cent of their eligible pay, an internal memo said

TCS earnings lift IT stocks as demand recovery hopes boost market mood

Better-than-expected Q2 earnings and attractive valuations boost IT stocks, even as AI headwinds and US labour curbs remain concerns

Must have tariff hikes at the right time: Airtel MD & CEO Shashwat Sharma

Airtel CEO Shashwat Sharma says tariff hikes are timely as competition stabilises, while the company plans to expand data centre capacity to 1 GW

Airtel Money makes London Stock Exchange debut with $7 billion valuation

African digital financial services platform, Airtel Money, made its London Stock Exchange (LSE) debut on Friday, marking the exchange's largest initial public offering (IPO) in several years..

Amazon Great Indian Festival logs record 440 million visits in early phase

First-time shoppers grew nearly 100 per cent, while more than 72 per cent of visits came from beyond the top nine metros; sellers saw units ordered more than double in 24 hours

Indian IT firms filed few PERM applications compared with US tech majors

Indian IT firms have sharply reduced PERM filings and expanded local hiring in the US, with analysts expecting a limited industry impact from the programme's suspension

Vayona Energy unveils next-generation 5 MW wind turbine platform in Chennai

Developed with Germany's Aerovide, the Vayona 5.0/193 features a 193-metre rotor and is designed for India's wind and climate conditions, with local manufacturing and service

Flipkart draws 6.3 million concurrent users as Big Billion Days sale opens

Nearly one in two visits in Flipkart's opening hour came from Tier 3 towns and beyond, while non-metro customers accounted for about 60 per cent of demand during the sale

Juspay swings to ₹90 crore FY26 loss amid AI investments, global expansion

The SoftBank-backed payments technology firm's revenue rose 30 per cent to ₹664 crore in FY26, while investments in AI and international expansion weighed on profitability