Page 2 - Companies

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

Shadowfax seeks ₹2,000 crore in IPO as India's e-commerce deliveries surge

The Flipkart-backed logistics firm will use proceeds to expand infrastructure and branding after processing over 436 million orders in FY25

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

TVS unveils Norton superbike sketch; JLR's McGovern joins design team

TVS-owned Norton Motorcycles unveils its first official superbike design sketch, created under the guidance of JLR's Gerry McGovern and Norton's Simon Skinner, ahead of its EICMA 2025 debut

Beyond KYC: Lenders turn to 'alternative' data to assess risk, detect fraud

Risk assessment firms are using data available publicly or obtained through user consent but is not available through credit bureaus to detect mule accounts, syndicates, and risky borrowers

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

Premji Invest-backed People Housing Finance eyes ₹12,000-crore loan book

The affordable housing financier plans to consolidate Centrum and Capital Housing, expand across Tier-II and III cities, and quadruple its portfolio over five years

Tata Elxsi Q2FY26 results: PAT falls 32% to ₹155 cr, revenue down 3.8%

However, the revenue from operations decreased by approximately 3.87% to ₹918.1 crore in Q2FY26; it had reported ₹955.09 crore in the same quarter of last financial year

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

Amazon Pay India revenue drops 7% in FY25 amid festive surge in usage

Despite ₹866-crore loss, platform sees strong consumer adoption during Great Indian Festival

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

Lalbaba Engineering, CJ Darcl Logistics and Jerai Fitness file draft IPO

Engineering solutions company Lalbaba Engineering, CJ Darcl Logistics, the India arm of South Korea's logistics firm CJ Logistics, and fitness equipment maker Jerai Fitness and have filed draft papers with markets regulator Sebi to garner funds through initial share-sales. With these filings, the IPO pipeline remains strong. Over the past few days, nearly two dozen companies have submitted draft papers with Sebi, and so far, 77 main-board IPOs have been launched this year and several large issues are lined up for this month. The filing also comes at a time when the Indian market is experiencing a boom in primary market activity, despite a struggling broader equity market. The Kolkata-based Lalbaba Engineering's proposed IPO is a fresh issue of Rs 630 crore and an offer for sale (OFS) of Rs 370 crore by promoters, according to the draft papers filed on September 29. Proceeds from its fresh issuance worth Rs 271 crore will be utilised for funding capital expenditure requirement for .

M&M to sell Finnish subsidiary Sampo Rosenlew to TERA for ₹52 crore

Mahindra & Mahindra will divest its Finnish arm Sampo Rosenlew Oy, maker of combine harvesters and forestry machines, to TERA for Rs 52 crore under a share purchase agreement

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