Company News

Sun Pharma to acquire 100% stake in Innovcare Lifesciences for $28.7 mn

Sun ​Pharmaceutical Industries said ‌it will acquire 100% of ​Innovcare Lifesciences

Flipkart extends Indian ecommerce lead, Myntra widens lead in fashion: BofA

BofA said Myntra's leadership in fashion appears to be deepening, aided by relatively limited competition in premium fashion and beauty categories

Jio Platforms targets ₹37,700-crore IPO in India's biggest listing

Jio Platforms filed for a record ₹37,700-crore IPO as it bets on satellite broadband, AI-native services and the next phase of digital growth

SBI raises its FCNR (B) game with 9x leverage play under RBI scheme

SBI rolled out a 9x leverage facility under RBI's FCNR(B) scheme as India's forex reserves fell sharply on lower gold valuations

Amazon turns water positive in India, meeting its 2027 goal ahead of time

Projects expected to replenish over 4 billion litres annually helped Amazon return 120 per cent of the water used across its Indian operations in 2025

Flipkart beauty category grows 50% as non-metro cities drive demand

Non-metro cities account for more than half of demand on Flipkart's Beauty and Personal Care segment, while Gen Z consumers drive nearly 60 per cent of purchases

Building AI for India and by India, says Reliance CMD Mukesh Ambani

Mukesh Ambani said Reliance Intelligence will commission 120 MW of AI infrastructure by end-2026, supporting more than 200,000 H100-equivalent GPUs at scale

RIL betting on India's energy 'supercycle' with major investments

Reliance bets on India's energy supercycle with major investments in renewables, batteries, hydrogen and advanced materials to boost energy security

RCPL aims to become one of India's largest FMCG companies: Isha Ambani

The company also plans to invest Rs 30,000 crore in AI-driven integrated food parks as it scales manufacturing, distribution and consumer brands across India

More companies see debt instruments downgraded as financial stress rises

Share of instruments that faced such action rose to almost a five-year high in May

Genus Power eyes large chunk of ₹60K crore smart electric meter tenders

Backed by GIC, Genus Power expects strong growth from India's smart metering drive and plans to install 2.4 crore meters over the next two to three years

UCO Bank's Rajendra Kumar Saboo gets additional charge as MD & CEO

The bank's executive director will hold additional charge of managing director and chief executive officer until a regular appointment is made or further orders are issued

Novo Nordisk in touch with authorities over alleged 1 TB data breach claims

The drugmaker said it is monitoring its systems and maintaining normal operations after reports that a hacking group claimed to have stolen and published company data

Mahindra Lifespaces acquires 15-acre MMR land parcel with ₹5,600 cr GDV

The Mahindra Group firm plans a residential project in Kandivali East with a development potential of 1.8 million sq ft and an estimated GDV of ₹5,600 crore

Jio to step up communications game with indigenous satellites: Akash Ambani

At present, the satellite communications segment is dominated by foreign companies like Elon Musk-led Starlink and French service provider Eutelsat

RIL AGM 2026 highlights: Jio IPO, AI push, satellite plans, and more

RIL Chairman Mukesh Ambani outlined RIL's next phase of growth, with plans spanning sovereign artificial intelligence infrastructure, satellite broadband, 5G expansion and digital services

RIL AGM: Reliance board approves Jio IPO; DRHP to be filed today with Sebi

Jio said its proposed IPO will consist of a fresh issue of up to 270 million equity shares with a face value of ₹10 each, with pricing to be decided through book building

Tata iPhone plant faces health probe after alleged groundwater pollution

State health authorities are investigating complaints from farmers who reported skin ailments and alleged contamination of agricultural land near the facility in Hosur

RMZ plans $35 bn investment push, targets up to 3 GW data centre capacity

The real estate and investment firm is in advanced talks on three projects that would take its data centre capacity beyond 1 GW, with additional land acquisitions planned to support future growth

Why govt wants ONGC to build India's next ₹15,000 crore strategic reserve

The facility would expand India's existing strategic storage capacity of 5.33 MMT by roughly one-third amid geopolitical conflicts and oil supply disruptions