Page 5 - Company News

CSM Technologies secures World Bank-backed Malawi project worth ₹3.2 crore

The ₹3.2 crore assignment will replace manual auction processes with a secure digital system, supporting transparent procurement and wider digital inclusion in Malawi

Laundry infra company Quick Clean raises ₹133 crore in Series B round

Stakeboat Capital led the ₹133 crore Series B round, with existing investors participating, as Quick Clean plans AI-led expansion across India and overseas markets

Tata Motors seeks changes to draft CAFE norms over credit mechanism

Tata Motors has urged the Centre to revise draft CAFE norms, saying the proposed credit mechanism could make non-compliance cheaper than cleaner technology investments

Covering 'missing middle' can fix India's insurance gap: Sangita Reddy

NATHEALTH president also pitches prevention-led insurance, PPPs and a national mission to scale medical value travel

Former LIC CFO Sunil Agrawal appointed SBI chief financial officer

State Bank of India has appointed former LIC finance chief Sunil Ramgopal Agrawal as chief financial officer. He will take charge from August 1, 2026

Tata Capital raises $400 mn via 3.5-year overseas bond at T+107 bps

Tata Capital has raised $400 million through a 3.5-year overseas bond, with robust investor demand helping tighten pricing by 33 basis points from initial guidance

Brigade Enterprises to raise ₹1,500 crore through private NCD issue

Brigade Enterprises' board has approved raising Rs 1,500 crore through privately placed non-convertible debentures and Rs 180 crore via convertible warrants

Amara Raja commissions ₹500-crore battery CQP facility in Telangana

Amara Raja has commissioned a Rs 500 crore Customer Qualification Plant in Telangana to validate lithium-ion cells ahead of commercial-scale battery manufacturing

Cadila Pharma says no curbs on Aciloc products, affirms compliance

Cadila Pharmaceuticals said Aciloc 150+ and Aciloc 300+ remain available without any restrictions on manufacture or sale, while reaffirming compliance with regulatory requirements

Open Vision Engineering raises $11 million from Accel, Y Combinator

The AI hardware company will use the funding to expand its design and engineering teams, develop new device formats and strengthen the Pocket product platform

Sun Pharma gets South Africa approval for generic semaglutide, launch soon

Sun Pharma has secured South Africa's approval for its generic semaglutide injection and plans to launch the once-weekly diabetes treatment in the coming days

Union Bank of India's Net profit rises 29.5% YoY for Q1FY27; NII up 10%

Union Bank of India's Q1FY27 profit rose nearly 30 per cent as net interest income grew, margins improved and asset quality strengthened during the June quarter

Beyond generics: $731 mn PE funding fuels India's pharma innovation push

India's pharmaceutical sector is beginning to shift from manufacturing generics to developing novel medicines, backed by rising private investment, stronger research and policy support

Instamart, HPCL launch India's first on-demand LPG delivery service

The service does not require customers to have an existing domestic LPG connection. First-time orders will be treated as new cylinder purchases, while subsequent orders will be processed as refill

TCS launches Nvidia-backed AI solutions lab to speed industrial automation

The Bengaluru facility will help manufacturers and mobility firms test and deploy AI applications before rolling them out at scale

Groww Q1 results: Net profit jumps 94.3% to ₹735 crore, revenue rises 66%

The company's revenue from operations rose 66 per cent to ₹1,501.42 crore during the April-June quarter of FY27 from ₹904.40 crore a year earlier

Signature Global net debt doubles to ₹390 cr in Q1, pre-sales down 25%

The company on Tuesday reported a 25 per cent decline in its sales bookings to ₹1,970 crore for the first quarter of this fiscal amid lower volumes

J&K Bank plans to sell 0.5% stake in PNB MetLife for ₹120.1 crore

Jammu and Kashmir Bank will sell 10.25 million shares in PNB MetLife to MetLife International Holdings, reducing its holding in the insurer to 2.534 per cent

As AI becomes a gatekeeper, can India Inc influence what it recommends?

As consumers increasingly ask AI assistants what to buy instead of searching Google, India Inc faces a new challenge

Sun Pharma receives approval to launch generic semaglutide in South Africa

The approval makes South Africa the second market after India where the drugmaker has secured regulatory clearance for its generic version of semaglutide