Page 3 - Company News

Data Security Council unveils India-specific agentic AI liability guide

The DSCI guide outlines how liability should be allocated across enterprises, AI developers and service providers, highlighting governance risks in autonomous AI systems

Reliance Industries seeks voluntary strike-off of UK Hamleys subsidiary

UK authorities have issued a notice for the proposed dissolution of Hamleys (Franchising) Ltd, which recorded ₹56.08 crore in turnover in 2025 and had nil net worth at year-end.

World's top 50 marathons made $6 bn for host cities, TCS accounted for 53%

TCS-partnered marathons accounted for 53 per cent of the $6 billion economic impact and 73 per cent of charitable fundraising by the world's top 50 marathons in 2025

Odisha govt cancels Vedanta's land allotment citing non-utilisation

Idco cancelled the lease for 28.8 acres of land allotted in Jharsuguda district as it was found without any permanent structures during an inspection

Tata Motors completes Iveco takeover with 89.42% stake, buyout continues

A fresh tender window for minority shareholders will open on November 2, while Tata Sons Chairman N Chandrasekaran has been appointed Iveco's chairperson following the takeover

Three letters set the tone for Tata Sons board meeting on November 26

After truce meeting with Chandrasekaran, Noel wants Tata Sons restructuring and Shapoorji Pallonji fundraising on the board agenda

AU Small Finance Bank probes potential data leak on Salesforce platform

The lender says its banking systems and services remain unaffected; the investigation follows a hacking group's claim that it accessed KYC, loan and other customer records

Sammaan Capital promoter raises stake to 33.32% after warrant conversion

Avenir Investment converted 8.69 crore warrants into equity shares for about Rs 906 crore, raising its stake in Sammaan Capital from 28.34 per cent to 33.32 per cent

India has ingredients for sustained growth in quant investing: WorldQuant

WorldQuant's Nitish Maini says India's deep technical talent pool and strong technology infrastructure offer a foundation for sustained growth in quantitative investing

Veritas Finance names Mathew Joseph non-executive chairman of its board

Joseph, who has over 36 years of experience in the financial industry, succeeds Raj Vikash Verma, who died on October 16, and will guide the company's governance and growth.

Govt defends IDBI Bank valuation, says process added ₹3,917 cr to deal value

The Finance Ministry said the Core Group of Secretaries on Disinvestment had the authority to decide the bidding process, which helped increase the IDBI Bank stake sale value by ₹3,917 crore

Sun Pharma's ILUMYA gets USFDA approval for psoriatic arthritis treatment

The US FDA approval expands ILUMYA's use beyond plaque psoriasis, adding a new treatment option for adults with active psoriatic arthritis

Vedanta lines up $25 bn investment over next three years for organic growth

Vedanta founder and chairman Anil Agarwal said the conglomerate would focus on its existing assets for growth, while remaining open to acquiring public sector assets if opportunities arise

AI firm AM Intelligence seeks $3 billion financing for Nvidia chips order

The funding package for the company, established by the founders of renewable energy producer Greenko Group Plc, could comprise of bonds and bank loans

IHCL, Adani Airports announce agreement for eight hotels with over 2K rooms

The properties will operate under the Taj, Vivanta, Gateway and Ginger brands across Mumbai, Ahmedabad, Lucknow and Guwahati, with most expected to open in three to four years

Hero MotoCorp expects Q3 margin to stay stable despite commodity inflation

The two-wheeler maker plans to offset input-cost pressure through cost savings, improved VIDA economics and selective price increases, while exports are expected to recover

Noel Tata to retire as Trent chairman on Nov 11; Bahram Vakil to take over

Noel Tata will become chairman emeritus from November 12 after nearly three decades with Trent, while the retailer reports a 23.1 per cent rise in Q2FY27 net profit.

Govt, Volkswagen clash in court over record $1.2 billion tax dispute

Volkswagen tax dispute: India defends $1.2 billion import duty demand

PNB settles ₹43 lakh in claims amid Greater Noida branch fraud allegations

PNB settles three claims worth ₹43 lakh, assures customers that all genuine claims linked to alleged Greater Noida branch irregularities will be honoured

Alphabet loses over $500 billion in market value as AI hits Google search

Alphabet lost over $500 billion in market value as weaker-than-expected search and advertising sales raised concerns over AI's impact on Google's core business and soaring infrastructure costs.