Page 5 - Company News

Coforge appoints Akhil Gupta as independent chairperson for five years

Gupta, former vice chairman of Bharti Enterprises, will serve for five years from September 29 as non-executive independent director and chairperson

Gujarat Themis secures $58 million private credit for Japanese acquisition

Founded in 1981, Gujarat Themis is India's first company to start commercial production of the anti-tuberculosis drug Rifampicin, according to its website

HCLTech's arm to acquire Croatia-based Robotiq.ai for 9 million euro

The transaction will be executed via HCL Technologies Austria GmbH, a step-down wholly owned subsidiary of HCLTech, which will acquire 100 per cent outstanding equity in the firm

Coforge appoints former Bharti Enterprises VC Akhil Gupta as chairperson

The appointment follows weeks of intense boardroom turmoil, triggered by the abrupt resignation of former chairman and veteran banker O P Bhatt on Sep 9

Natco Pharma hikes investment in US-based eGenesis to $16.7 million

Under the revised structure, Natco Pharma (Canada) Inc will invest $13.70 million, while Natco Pharma USA LLC will contribute $3 million, according to a regulatory filing

Meta hires MongoDB CEO Desai to spearhead enterprise AI business

Desai, a veteran technology ​executive, took over the role from ​Dev Ittycheria. MongoDB has appointed Ittycheria as interim CEO as it searches ​for a permanent replacement.

Jio gains 2.4 million mobile users in August, Airtel 2.1 million: TRAI data

Overall, the number of wireless (mobile and Fixed Wireless Access together) subscribers increased to 1,312.25 million at the end of August 2026, a monthly growth rate of 0.46 per cent.

Tata Trusts proposes restructuring to keep Tata Sons private, avoid listing

Tata Trusts wants to merge two operating businesses into Tata Sons, arguing that the combined revenue and assets would take it outside the NBFC and CIC framework and allow it to remain unlisted

Despite geopolitical risks, Street remains bullish on Petronet LNG outlook

Analysts remain positive on Petronet LNG, citing Kochi growth, new revenue streams and project execution despite high spot LNG prices and geopolitical risks ahead.

Safety, reliability, profitability our priorities: Incoming Air India chief

Incoming CEO and MD Tewolde Gebremariam calls for a stronger safety-reporting culture, better disruption recovery and sharper focus on revenues and costs

Visa's Pismo platform expands footprint in 'priority market' India

The core banking and card processing platform is exploring credit line on UPI and other use cases as India becomes one of its priority markets for FY27

Gautam Adani, 4 group companies settle matter with Sebi on MPS norms

Gautam Adani, four Adani group firms and 13 others paid a cumulative ₹1.48 crore to settle proceedings over alleged non-compliance with minimum public shareholding norms.

Sagarmala Finance withdraws ₹600 crore blue bond issue on higher coupon

The maritime lender received bids worth ₹525 crore at coupons ranging from 7.69 per cent to 8.44 per cent, against its plan to price the 10-year bonds below 8 per cent

Tata Trusts propose Tata Sons rejig to shed NBFC status, keep it private

Tata Trusts have proposed merging Tata Electronics Systems Solutions and Tata Consulting Engineers with Tata Sons to help it shed its NBFC and CIC classifications and remain unlisted

Physical AI firm SiMa.ai raises $150 mn in Series C, valued at $1.45 bn

The funding takes SiMa.ai's total capital raised to $500 million and will help accelerate the scaling of Palette Neat and development of next-generation hardware

Arovia Consumer raises ₹100 cr from Fireside to scale regional food brands

Former Soulfull founder Prashant Parameswaran launches platform to take significant stakes in regional packaged-food businesses and help them expand beyond home markets

Clean Max Enviro Energy raises ₹2,500 cr through green debt securities

Renewable energy solutions provider Clean Max Enviro Energy on Monday said that it has raised Rs 2,500 crore through the issuance of green debt securities on a private placement basis.

Samsung hikes Galaxy S26 series prices by up to 17% ahead of festive season

Korean electronics major Samsung has increased the price of its flagship Galaxy S26 series by up to 17 per cent, industry sources tracking the mobile phone segment said.

IEX subsidiary Indian Coal Exchange applies for coal exchange licence

The proposed physical delivery-based exchange will provide a transparent, technology-enabled marketplace for coal trading under the Coal Exchange Rules, 2026

Air India's CEO-designate pitches for cost discipline, sustainable profits

Air India's incoming CEO Gebremariam emphasised the need to improve financial performance and announced plans to introduce programmes that will reward staff who come up with ideas to bring down cost.