Page 3 - Company News

Medicover to sell India hospital business to KKR for $1.39 billion

The Swedish healthcare provider will sell its India hospital operations to KKR-managed funds as it sharpens its focus on key European markets

Vedanta Aluminium raises ₹13,500 crore loan after group's demerger

The loan tenors range between 6-1/2 years to 7 years with the proceeds to be used to refinance an existing debt that Vedanta Aluminium inherited from the previously integrated company structure

Visa's AI push claims 1,400 jobs in sweeping India workforce cuts

Nearly 40% of Bengaluru tech centre's workforce laid off in first major retrenchment since 2015

Tata Sons remains an 'upper-layer NBFC', RBI says deregistration pending

The Reserve Bank of India indicates Tata Sons continues to be an upper-layer NBFC under principle-based norms, while its application to surrender its CIC licence remains under consideration.

Air India names ex-Ethiopian Airlines chief Tewolde Gebremariam CEO

Former Ethiopian Airlines Group chief Tewolde Gebremariam will succeed Campbell Wilson as Air India chief executive, leading the airline's next phase of expansion and transformation

LIC OFS ends with retail portion undersubscribed, institutions drive demand

Retail investors bid for only 69% of the shares reserved for them, even as institutional interest prompted the government to increase the offer size

River Mobility raises $120 million in Series C led by Elev8, Claypond

The Bengaluru-based electric two-wheeler maker will use the fresh capital to expand manufacturing capacity, build a new factory and launch products in the utility lifestyle segment

Molbio eyes overseas growth after OptraScan secures USFDA clearance

Molbio Diagnostics plans to expand its overseas business through subsidiary OptraScan after the latter secured USFDA clearance, while diversifying beyond tuberculosis-focused public-health revenues.

USFDA issues warning letter to Dabur over CGMP lapses at Silvassa plant

The warning letter follows an inspection conducted by the US health regulator at the company's facility in Silvassa, Dadra and Nagar Haveli and Daman and Diu

Google shakes up AI leadership, DeepMind CEO Hassabis new chief scientist

Alphabet named Demis Hassabis its chief scientist while several senior Gemini leaders, including Jeff Dean, left to launch a new AI startup.

Infosys expands partnership with Metsa for AI-ready IT transformation

The IT services company will manage end-to-end IT operations across Metsä Group's global business, including cloud, applications, workplace services and service desk support.

Airtel sees tariff hike scope in plans providing unlimited data at low cost

Telecom firm Bharti Airtel sees potential for raising tariffs on plans that offer unlimited data at lower price points, a senior company official said on Wednesday.

Higher data users should pay more, says Bharti Airtel's Gopal Vittal

Bharti Airtel says India's telecom sector must overhaul data pricing, warning that sustainable ARPU growth depends on higher-paying heavy data users, not entry-level tariff hikes

Indian Bank aims to more than double business to ₹35 trillion by 2032

The public sector lender plans to strengthen its presence in Delhi and Mumbai while relying on MSME growth and financial inclusion to achieve its long-term business target

India Inc's ECB, FCCB fundraising intent rises to $6.08 billion in June

Indian companies filed proposals to raise $6.08 billion through external commercial borrowings and foreign currency convertible bonds in June, led by Microsoft India and Power Grid.

Reliance Brands to launch Kim Kardashian's SKIMS in India market

Reliance Brands will launch SKIMS in India through an exclusive partnership, opening its first stores in Delhi and Mumbai before expanding to other cities and digital channels

ShareChat parent bets ₹100 crore on AI to scale microdrama content

The ShareChat parent plans to invest Rs 100 crore this year to scale AI-assisted microdrama production, aiming to cut production costs while expanding its content pipeline

Edelweiss' EAAA adds Pune office park to commercial realty portfolio

The acquisition through Edelweiss Alternatives' Rental Yield Plus fund expands its commercial office portfolio to 5.2 million sq ft across Bengaluru, Gurugram and Pune

Marico bets on premiumisation to achieve ₹20,000 crore revenue by 2030

The FMCG maker plans to strengthen its core portfolio, expand premium offerings, scale foods and digital brands, and sustain international growth to achieve its 2030 revenue target

HDFC Bank has no systemic governance concerns, says Chairman Rajiv Kumar

Chairman Rajiv Kumar says HDFC Bank remains fundamentally strong with robust governance systems, while expressing confidence that CASA and margins will improve over the next two to three years