Page 4 - Company News

CEO's refusal to overhaul fueled surprise HDFC Bank leadership shakeup

Rajiv Kumar urged HDFC Bank CEO Sashidhar Jagdishan to accelerate loan growth, step up technology investments and address legacy issues, sources said

VLCC raises ₹110 crore from BlackSoil Capital to support expansion

The Carlyle-backed beauty and wellness company will use the financing for new products, store network expansion and growth across services, personal care and international markets

FSSAI takes action against British Life Sciences over expired infant food

FSSAI has taken action against Bengaluru-based British Life Sciences after finding misbranded and expired infant food; it also ordered 3.7 MT of expired products to be destroyed

HDFC Bank at risk of losing top Nifty spot to ICICI amid leadership turmoil

HDFC Bank's weighting in the Nifty 50 has fallen to 9.81 per cent, narrowly ahead of ICICI Bank, as the CEO's exit and governance concerns deepen the lender's sell-off

Tata Trusts gets all-clear from charity regulator on NRTT share transfer

This comes at a time when the Tata group is witnessing a leadership crisis amid a deepening rift between Tata Sons and its largest shareholder Tata Trusts

La Caisse acquires 24% stake in Altius Telecom for ₹12,100 crore

Investment comes ahead of Altius' planned transition to a publicly listed InvIT through an offering expected to raise around Rs 6,000 crore

Lyte raises $165 million funding, valuation jumps 3x to $1.6 billion

The latest financing was led by Maverick Silicon, according to a statement on Wednesday, with participation from existing investors, including Fidelity Management & Research

Adobe acquires Indian AI automation startup Rilo to boost agentic push

The deal marks Adobe's second known acquisition of an Indian firm as it expands its push into agentic marketing and AI-powered automation

Hyundai expects 8-10% H2 sales growth, aims to outpace PV industry

Automaker expects passenger vehicle industry to grow 5-6 per cent in H2; new mid-size SUV and sub-four-metre EV are expected to help it grow faster than the market

NCLT orders TLPL's RP to halt further disposal of auctioned assets

Bengaluru Bench directs TLPL's resolution professional and auction buyer Comprint to maintain status quo on disputed assets until the next hearing on September 21

Juspay rolls out platform to improve brand discovery across AI interfaces

Breeze Universal connects brands' product catalogues with AI interfaces, allowing shoppers to discover, compare and purchase products within a single conversation

India was fourth-largest iPhone market in Q2 2026, says Omdia data report

Apple shipped 3.45 million iPhones to India in Q2 2026, accounting for 6.25 per cent of its global shipments and giving it a 10 per cent domestic market share

Range Rover goes electric as JLR looks to recharge growth and margins

First electric Range Rover kicks off crucial new-product cycle after British luxury arm weighed on Tata Motors PV earnings amid falling revenue and margins

VinFast steps up India localisation push, engages over 300 suppliers

EV maker plans India-specific models with higher local content; gets approval for Phase 2 expansion of its Thoothukudi plant under a $500 million investment plan

ICICI Bank buys additional 2% stake in ICICI Prudential Life for ₹1,470 cr

The lender bought about 29 million shares through the stock exchange mechanism between July 22 and September 2, taking its holding in the life insurer to 52.8 per cent

Denmark's Novonesis to invest ₹6,600 cr in Maha for enzyme plant expansion

Danish biosolutions producer Novonesis on Wednesday announced a Rs 6,600 crore investment in Maharashtra's Patalganga to expand an enzyme plant over the next four years.

Hyundai India MD seeks long-term policy, shift to advanced tech exports

"The government on its part needs to provide consistent long-term policy that supports scale and accelerates the development of technologies and components," Garg said.

APSEZ cargo handling hits record 50 mn tonnes, rises 19% in August

Cargo handled by India's largest port operator rose 19 per cent from 41.9 million tonnes a year earlier, according to the company

Metropolis eyes Rs 2,500-cr-plus revenue in 3 years; M&A could add upside

Diagnostics chain plans to sweat existing lab infrastructure, expand company-owned centres from 750 to 1,000

Essel Group's Subhash Chandra opposes formation of 5-member NCLT bench

NCLT on Tuesday barred Essel Group Chairman Chandra from alienating his assets and stayed an order allowing him to settle claims arising from personal guarantees on group borrowings for about ₹6.5 cr