Company News

Suzlon names Ajay Kapur Group CEO, elevates J P Chalasani to new council

Suzlon appoints Ajay Kapur as Group CEO and elevates J P Chalasani to its new Group Executive Council as the firm pursues its Suzlon 2.0 strategy to become a full-stack renewable energy provider

Tata Group defers decision on Chandrasekaran's reappointment as chairman

During the board meeting, Tata Trusts chairman Noel Tata raised the issue of losses in certain group companies, and asked that Chandrasekaran commit in writing that Tata Sons will never be listed

Voltas expects 25% rise in AC sales as early summer boosts demand

Voltas projects 25% AC sales growth this summer, launches AI-powered units, raises prices amid higher commodity costs and new BEE norms, with strong demand from tier II-III cities

MakeMyTrip gross corporate travel bookings cross $1 billion in 2025

MakeMyTrip has a client base of 500 large enterprises, including 150 of the top BSE 500 listed companies and 75,000 SMEs nationwide

IDFC First Bank pays ₹583 cr to Haryana govt after detecting fraud

IDFC First Bank refunds Rs 583 crore to Haryana government after detecting a Rs 590-crore fraud, engages KPMG for a forensic audit and works with authorities on recovery

AI transition will be painful but IT industry will reinvent: HCLTech CEO

C Vijayakumar says the $283 billion IT industry faces a difficult AI-led shift, but frontier model firms and services players will drive long-term value creation

Balkrishna Ind enters consumer tyre market; eyes ₹23K cr topline by FY30

Balkrishna Industries earmarks Rs 3,500 crore to enter India's consumer tyre market, targeting a 2.2x rise in revenue by FY30 under its Vision 2030 strategy.

Every RBI fraud violation not open to court: HC on Anil Ambani case stay

The division bench held the single bench order as "perverse and illegal" and in breach of natural justice and said it suffers from "procedural irregularity and impropriety"

Suzlon appoints Ajay Kapur as Group CEO, forms new executive council

This transition reflects the group's focus on structured succession and long-term value creation, while ensuring continuity in leadership and strategic direction

Chandigarh branch fraud: IDFC First Bank to pay Haryana govt ₹590 cr soon

RBI Gov says issue not systemic; bank term it an isolated incident

IDFC First Bank fraud puts spotlight back on governance gaps in pvt banks

Large banks to gain post Haryana de-empanelment of IDFC First, AU

LTM bags $100 million deal from European medtech firm for 7 years

LTM has won a $100 million, seven-year deal from a European medtech firm to support and develop its flagship products, strengthening its large-deal momentum amid a tough macro environment

Bharti Airtel to infuse ₹20,000 cr in Airtel Money to push digital lending

Bharti Airtel and promoter group to contribute 70:30 into NBFC

₹45K cr capex plan may not help Vodafone Idea gain market share: Analysts

Amount much lower than rivals' capex: Analysts

M&M, Manulife name Suresh Agarwal MD & CEO designate of life insurance JV

M&M and Manulife have appointed Suresh Agarwal as MD & CEO designate of their 50:50 life insurance JV, marking Manulife's entry into India's life insurance sector, subject to approvals

Radisson, MBD Group to launch 50 hotels under Collection and Red brands

Radisson Hotel Group and MBD Group have entered a long-term partnership to develop 50 hotels under Radisson Collection and Radisson Red across key Indian destinations over the next decade

Torrent Group forays into diagnostics with large national reference lab

Torrent Group has entered the diagnostics sector with a 100,000 sq ft national reference lab in Navi Mumbai, marking a long-term push into high-end, specialised testing amid industry consolidation

Olectra Greentech bags LoI for 1,085 e-buses under PM E-drive scheme

The LoI - a preliminary document indicating the buyer's intention to place a formal order - has been issued by TGSRTC through Evey Trans Private Limited under the PM E-drive programme

Investment firm Hillhouse to acquire minority stake in Quest Global

Hillhouse has acquired a minority stake in Quest Global, with a primary capital infusion and share purchase from existing investors to support the firm's engineering-focused growth strategy

Gilead to acquire cancer therapy developer Arcellx for up to $7.8 billion

This is Gilead's biggest deal since its $21 billion buyout of Immunomedics, giving it access to Trodelvy, an antibody-drug conjugate used to treat a type of advanced breast cancer