Page 7 - Company News
Tata Motors CV biz switches gear from trucks to wider mobility highway
Digital platforms, international operations and mobility services are emerging as key growth drivers as Tata Motors Commercial Vehicles seeks to reduce cyclicality
 "Tata Motors CV biz switches gear from trucks to wider mobility highway")
ED searches Rajesh Exports amid Sebi probe into alleged irregularities
The action is understood to have been taken under the Foreign Exchange Management Act (FEMA) at the Bengaluru-headquartered company
 "ED searches Rajesh Exports amid Sebi probe into alleged irregularities")
IHG Hotels & Resorts open to ownership, franchise models in India
IHG Hotels aims to double its India footprint to 400 hotels by 2030 and is open to acquiring assets as demand and branded hospitality growth accelerates
 "IHG Hotels & Resorts open to ownership, franchise models in India")
Alpha Wave Global gets CCI nod to acquire stake in Bharti Airtel's Nxtra
CCI clears Alpha Wave Global's stake purchase in Nxtra Data as the Airtel unit gears up for AI-driven data centre expansion
 "Alpha Wave Global gets CCI nod to acquire stake in Bharti Airtel's Nxtra")
Akasa Air retains 30-40% growth target despite headwinds: CFO Ankur Goel
The airline also aims to expand its passenger-handling capacity by more than 30 per cent year-on-year (Y-o-Y) in financial year 2027 (FY27)
 "Akasa Air retains 30-40% growth target despite headwinds: CFO Ankur Goel")
Square Yards raises $95 million, plans $50 million more before IPO
Proptech firm secures $95 million through debt and equity and is targeting another $50-60 million as it strengthens its balance sheet ahead of a public listing
 "Square Yards raises $95 million, plans $50 million more before IPO")
NOVA to invest ₹100 crore in railway safety R&D, cybersecurity solutions
e2E Rail subsidiary plans to strengthen indigenous capabilities in railway signalling, train protection and OT cybersecurity as rail networks become more digital
 "NOVA to invest ₹100 crore in railway safety R&D, cybersecurity solutions")
Bajaj Auto says ransomware attack impacts company and unit systems
The automaker said it initiated precautionary measures and response protocols after a ransomware attack affected its systems and those of subsidiary Bajaj Auto Technology
 "Bajaj Auto says ransomware attack impacts company and unit systems")
Accenture leases 1 mn sq ft office space in Hyderabad for over ₹1,000 crore
The company has also deposited Rs 29.5 crore as security, with the lease including a 4.25 per cent rent escalation every year
 "Accenture leases 1 mn sq ft office space in Hyderabad for over ₹1,000 crore")
Infosys eyes $300-400 bn AI-first services opportunity by 2030: Nilekani
Nilekani said Infosys is more relevant than ever before and is well-positioned for the decade ahead as artificial intelligence reshapes industries and businesses
 "Infosys eyes $300-400 bn AI-first services opportunity by 2030: Nilekani")
Tata Motors PV targets near doubling of revenue, sales volumes by 2031
The automaker said a "significant" share of its over 600,000 incremental volumes by FY31 will be driven by electric and CNG vehicles
 "Tata Motors PV targets near doubling of revenue, sales volumes by 2031")
Real estate platform Square Yards raises ₹900 crore, becomes unicorn
The funding round was anchored by EAAA Alternatives and saw participation from global corporate credit manager Muzinich & Co
 "Real estate platform Square Yards raises ₹900 crore, becomes unicorn")
Kaleidofin Capital secures $5 million debt facility from WLB Asset VIIB
NBFC plans to deploy the funds across clean energy and financial inclusion sectors, with the transaction carrying Orange Certification for gender-positive impact
 "Kaleidofin Capital secures $5 million debt facility from WLB Asset VIIB")
Why Tata Electronics' cyber breach could be a concern for Apple and Tesla
A ransomware group claims to have leaked over 200,000 Tata Electronics files, including documents linked to Apple and Tesla, raising fresh supply-chain security concerns
 "Why Tata Electronics' cyber breach could be a concern for Apple and Tesla")
Bharti Airtel raises stake in Airtel Africa to 79% in ₹28,000-cr deal
The transaction involves Bharti Airtel issuing equity shares to Indian Continent Investment Limited, a promoter group entity, on a preferential basis, in exchange for its 16.31% stake in Airtel Africa
 "Bharti Airtel raises stake in Airtel Africa to 79% in ₹28,000-cr deal")
Corporate order flows sharply down amid West Asia conflict: CMIE
Corporate order inflows hit a 13-month low in May as weak demand, geopolitical tensions and cautious private investment weigh on project awards
 "Corporate order flows sharply down amid West Asia conflict: CMIE")
Renault India starts exports of Duster; first shipment to South Africa
The first shipment of 750 vehicles departed from Chennai to South Africa, marking the beginning of Renault India's export programme for the new Duster
 "Renault India starts exports of Duster; first shipment to South Africa")
Bajaj Auto seeks dues from Maharashtra, explores new investment destination
Automaker seeks clearance of pending subsidies and incentives while evaluating Tamil Nadu and Karnataka for new EV and three-wheeler manufacturing facilities
 "Bajaj Auto seeks dues from Maharashtra, explores new investment destination")
Info Edge invested in over 50 AI, deep-tech companies since 2020
Naukri parent has invested more than Rs 1,000 crore across over 50 AI and deep-tech startups since 2020, with its overall startup portfolio now valued at Rs 41,300 crore
 "Info Edge invested in over 50 AI, deep-tech companies since 2020")
Tata Electronics hit by cyber breach exposing Apple, Tesla trade secrets
Tata Electronics reports a cyber incident after hackers allegedly leaked Apple and Tesla-related design and manufacturing files on the dark web
 "Tata Electronics hit by cyber breach exposing Apple, Tesla trade secrets")