Companies

Marvell has one-fourth of its workforce in India: Country head Bishnoi

Marvell's India country head on how India has become the company's second-largest R&D hub, contributing to 90% of product lines and driving custom silicon for AI infrastructure

Meesho emerges as India's top free-cash-flow generator ahead of IPO

IPO-bound Meesho has swung to positive free cash flow in FY25, with analysts crediting its no-inventory, no-logistics, asset-light model for driving margins, capital efficiency and rapid scale

Puravankara leases retail space to IKEA at Purva Zentech Park in Bengaluru

The retailer will open its second Bengaluru store at Puravankara's upcoming Kanakapura Road project, set to be handed over in early 2026

Haldiram's eyes this US sandwich brand to take on Subway, Tim Hortons

Haldiram Group is in talks with US-based Inspire Brands to launch the Jimmy John's sandwich chain in India, marking its entry into the western-style QSR space to compete with global brands

Fashion ecom firm Myntra appoints Kannan Ganesan as chief financial officer

After seven years with the Flipkart Group, including four at Myntra, CFO Abhishek Gupta to pursue new career opportunities, according to the sources

Uber rides festive surge in India as courier demand hits record high

Strong growth in Uber Courier and Courier XL fuels expansion plans into 10 more cities next year, highlighting India's rising appetite for on-demand delivery

Our eventual aim is to serve a billion people: Lenskart's Peyush Bansal

With eyewear company Lenskart all set for its maiden ₹7,350-crore IPO, Peyush Bansal talks about plans and challenges of the business in a video interview with Surajeet Das Gupta

Uber switches to subscription-based model to retain drivers, navigate GST

The move aligns Uber with rivals Ola and Rapido amid GST ambiguity and driver pushback against commissions, marking a major shift in India's ride-hailing model

Govt pitches for sector-specific CSR framework for coal companies

The government on Tuesday stressed on the need for a corporate social responsibility framework for companies operating in the coal sector to serve as a guide to promote responsible and sustainable practices. The move also aims at reducing environmental impact and enhancing stakeholder engagement among private as well as public sector coal companies. "Given the growing presence of private players in the sector, a need has been felt for a sector-specific CSR framework for coal companies," the coal ministry said in a statement. The corporate social responsibility (CSR) policies of coal PSUs have been formulated within the policy directives provided under the Companies Act, 2013, the Companies (CSR Policy) Rules, 2014 and guidelines of Department of Public Enterprises (DPE). Over the years, coal PSUs have taken remarkable initiatives in the areas of health, education, environment, sanitation, sports, etc. The coal ministry organised a stakeholders' consultation to deliberate upon CSR

BSNL to upgrade all 4G towers to 5G within 8 months: Jyotiraditya Scindia

The telecom minister says BSNL's 92,500 4G towers, built using an indigenous tech stack, will be upgraded to 5G within six to eight months as the company posts Rs 5,000 crore operating profit

IPO-bound Tata Capital focuses on green financing, tech for growth

Tata Capital Ltd, set to launch its IPO next week, has identified green financing and digital innovation as its core growth pillars, backed by the merger of its IFC-backed subsidiary Tata Cleantech Capital in 2024. By FY25, the cleantech and infrastructure finance book reached Rs 18,000 crore, growing at a 31.8 per cent CAGR over the last two years, the NBFC said on Friday. "Over the last decade, the cleantech portfolio has financed over 500 renewable projects and sanctioned more than 22,400 MW of capacity across solar, wind, biomass, small hydro, among others," MD and CEO Rajiv Sabharwal said. "The cleantech segment combines rapid growth with high-quality, secured assets, underpinned by technology-driven monitoring and disciplined underwriting. The portfolio is among the cleanest in the NBFC space, positioning the company as a key mobilizer of global climate capital," he said. The Tata Group NBFC said it is building for the long term with a vision anchored on trust, ...

Occidental to sell OxyChem unit to Berkshire Hathaway for $9.7 billion

The company sunk deeper into debt after it closed its $12 billion acquisition of privately held US shale oil producer CrownRock last year, which strengthened its position in the Permian Basin

L&T, Standard Chartered tie up for $700 mn sustainability-linked facility

Larsen & Toubro (L&T) has secured a $700 million sustainability-linked trade facility with Standard Chartered, tied to carbon and water targets, reinforcing its commitment to green business practices

Amazon festival sale clocks record 380 million visits in 48 hours

Amazon's Great Indian Festival saw 380 million visits in 48 hours, led by tier 2-3 demand, GST savings, premium product sales and record participation from SMB sellers

SpiceJet delays salaries of senior staff by 10-15 days, juniors unaffected

Employees earning up to ₹55,000 per month have received their August salaries, but higher-paid staff, mainly assistant managers and above, are experiencing delays of 10-15 days

Dabur challenges Colgate as India-US trade tensions hit toothpaste ads

Consumer goods company Dabur, valued at $11 billion, took out a front-page newspaper advertisement this week carrying photos of unbranded toothpaste packs that resemble Colgate packaging

Himachal directs companies to spend CSR funds within state: Minister

Himachal Pradesh government will ensure multinational companies set up in the state do not spend their CSR funds outside, Industries minister Harshwardhan Chauhan said in the Assembly on Friday. Raising the issue during the question hour, Sanjay Awasthi (Congress) named two large companies that are located in his Arki constituency and said the people there have been affected because of their projects, but funds under the corporate social responsibility (CSR) are not being used by them for the welfare of the locals. Responding to the remarks, Industries minister Harshwardhan Chauhan admitted that multinational companies were spending CSR funds in other states and not in Himachal. He assured that the government will enquire about the complaints regarding violations of environmental safeguards. Congress MLA from Doon Ram Kumar stressed that CSR funds should be used at the places where such companies are located and BJP MLA from Bilaspur Trilok Jamwal also complained that the company i

Indian company borrowing costs see steepest rise since 2022 on fiscal risks

The average yield on top-rated three year company notes climbed 26 basis points in two days through Tuesday, set for the steepest weekly gain since November 2022, data compiled by Bloomberg show

CleanMax to raise ₹5,200 cr via IPO; DRHP filed with Sebi for approval

The IPO, with a face value of ₹1, comprises a fresh issue of shares worth up to ₹1,500 crore and an offer-for-sale of up to ₹3,700 crore by promoters and investors

Nikhil Kamath invests ₹137.5 crore in Goldi Solar to expand capacity

Zerodha co-founder Nikhil Kamath invests ₹137.5 crore in Goldi Solar, supporting its expansion into solar cell manufacturing and capacity growth in renewable energy