Page 6 - Company News

Titan partners with Squarespace to offer custom-domain email to users

Bhavin Turakhia-founded Titan will offer its Essential Email service to Squarespace customers at $3 per user per month, initially across the US, UK, Australia and Canada

Hyundai replicating India learnings across global markets: CEO Jose Muñoz

Hyundai Motor CEO Jose Muñoz says the company's India operations offer a blueprint for global markets, with long-term investments, localisation and electrification driving growth

AI helps Infosys' Finacle suite reduce friction in its sales process

Infosys Finacle is using AI to reduce sales process time by 60-70 per cent, while deploying multiple language models to improve banking efficiency and control costs

AI arms race giving way to AI returns race: Aditya Birla Group chairman

Aditya Birla Group chairman Kumar Mangalam Birla says businesses are taking a measured approach to AI investments, focusing on tangible returns, productivity and capital allocation

After three decades in the ICICI fold, Anup Bagchi readies for his next act

Bagchi, who led ICICI Prudential Life Insurance since June 2023, will take over as HDFC Bank's MD & CEO on October 27, with deposit growth and margin recovery among key priorities

CSM Tech wins $174,000 deal to digitise Mozambique's Beira trade corridor

The company will develop a digital observatory for Mozambique's Beira Corridor to monitor cargo movement, transport delays and trade bottlenecks across Southern Africa

B2B ecom platform Udaan targets IPO by early 2028 as turnaround takes hold

The B2B e-commerce firm expects FY26 revenue to grow 10 to 12 per cent as losses narrow by about 20 per cent, with CEO Vaibhav Gupta targeting profitability by end-2027

ReNew secures $100 million from Dutch development bank FMO for projects

The 10-year financing facility from FMO will support ReNew's renewable energy projects under construction and help diversify its funding sources across domestic and international markets

Prestige Estates' sales bookings rise 20% to ₹7,225 crore in Q2FY27

Prestige Group reported Rs 13,804.3 crore in pre-sales during H1FY27, with Bengaluru contributing 41 per cent, followed by Hyderabad at 32 per cent and Mumbai at 12 per cent

Zoho freezes annual salary hikes as AI costs rise, software market slows

Founder Sridhar Vembu says a fourfold rise in server prices, higher AI expenses and an uncertain software market have forced Zoho to cut marketing spending and freeze annual pay hikes

RBL Bank shares plunge 7.55% as higher provisions weigh on Q2 earnings

RBL Bank shares recorded their steepest fall in nearly two years as higher-than-expected provisions overshadowed a 2.7-fold rise in Q2FY27 net profit and improved margins

Piramal Pharma cuts exposure to Chinese raw materials to reduce supply risk

Piramal is among global drugmakers increasingly seeking to reduce their reliance on China for pharmaceutical ingredients and manufacturing, amid rising geopolitical tensions

Prestige Estates Q2 sales bookings rise 20% to ₹7,225 cr on housing demand

During the first half of this fiscal, the company recorded pre-sales of ₹1,3804.3 crore with sales volume of 11.88 million square feet and 7,247 units sold

Indigo signs $328 mn finance deal with Citi to buy for 8 Airbus aircraft

This is the world's first aviation financing transaction insured by the Belgian export credit agency (ECA) Credendo, and the maiden ECA-backed aircraft financing structured through the GIFT IFSC

Sun Pharma board approves plan to raise up to ₹10,000 crore via NCDs

The decision was taken at a meeting of the company's Board of Directors held on October 12, Sun Pharma said in a regulatory filing

Vimag Labs starts production at Haryana plant, plans ₹50 crore investment

Vimag, which manufactures and assembles motor and control systems and related propulsion systems, has already completed and exported its first production batch from the Jhajjar facility

TVS family feud: What is the dispute over ownership and wealth division?

The TVS family is divided over ownership, wealth distribution and succession, with Mallika and Lakshmi Srinivasan disputing claims of a settlement. Here is what is behind the family dispute

Chandrasekaran defends Tata's long-term bets despite near-term uncertainty

At Bloomberg's New Economy Forum, Chandrasekaran defended chip investments and long-term capital allocation, even as differences with Tata Trusts Chairman Noel Tata deepen over leadership and listing

Vantrock to invest ₹3,000 cr in 4 yrs to build logistics, warehousing parks

Vantrock said it plans to take premium infill land through long-term leases, joint ventures and joint developments rather than outright purchase

NTPC in talks with Japan, South Korea, Germany for sale of green fuel

India has outlined plans to become a major green hydrogen producer, even as developers worldwide have struggled to secure the long-term offtake agreements required to underpin large-scale investments