Company News

India a very high-priority market, Fortis primary growth vehicle: IHH CEO

IHH Healthcare eyes aggressive India expansion via Fortis, focusing on bed capacity, clusters, and ambulatory care amid strong healthcare demand

Trading ban upends State Bank of India's $5 billion short, forces unwind

State Bank of India (SBI) is estimating losses of about ₹3 billion ($32 million) from the forced unwinding of these trades, the people said, asking not to be identified discussing confidential details

CCI okays Torrent Power's proposal to acquire Nabha Power from L&T's arm

Fair trade regulator Competition Commission of India has cleared Torrent Power's proposal to acquire 100 per cent stake in Nabha Power Ltd. The move came after Torrent Power, in February 2026, said it entered into an agreement with L&T Power Development to acquire 100 per cent equity stakes in Nabha Power for an enterprise value of Rs 6,889 crore. "The proposed combination entails the acquisition of 100 per cent equity shares and non-cumulative optionally convertible redeemable preference shares (on a fully diluted basis) in Nabha Power Ltd by Torrent Power Ltd from L&T Power Development Ltd," the regulator said in a release on Tuesday. Torrent Power is engaged in the business of power generation, transmission, distribution and manufacturing and supply of power transmission cables, and is a part of 'Torrent Group,' which is into power, pharmaceuticals and gas distribution sectors. Nabha Power Ltd is a wholly-owned subsidiary of L&T Power Development Ltd (L&TPDL), and .

Summer will be tough, but growth in line of sight, says Blue Star MD

Unseasonal rains and West Asia conflict may hit demand and costs, but Blue Star expects 20 per cent growth backed by strong long-term AC market expansion

CCI clears Advent to acquire 14.3% stake in Aditya Birla Housing Finance

Fair trade regulator CCI on Tuesday cleared Advent International's proposal to acquire a 14.3 per cent stake in Aditya Birla Housing Finance Ltd. The development came after the boards of Aditya Birla Capital and Aditya Birla Housing Finance, in February 2026, approved a proposal for a primary capital infusion of Rs 2,750 crore in ABHFL, from Indriya Ltd, one of the entities of Advent International. "The proposed combination envisages acquisition of equity shares (by way of preferential issue on a private placement basis) amounting to 14.286 per cent of the post-issue paid up equity share capital of the Aditya Birla Housing Finance Ltd, on a fully diluted basis by the Indriya Ltd," the regulator said in a release. Aditya Birla Housing Finance Ltd (ABHFL) is engaged in the business of providing home loans, loans against property, construction finance loans, and lease rental discounting loans. It is a wholly-owned subsidiary of Aditya Birla Capital Ltd (ABCL). "CCI approves the ...

Savills acquires majority stake in Hotelivate to expand APAC advisory

Deal aims to build a unified hospitality advisory platform across Asia Pacific, combining Hotelivate's sector expertise with Savills' global real estate capabilities

Early wedding buying picks up on gold dip: Titan Company's Arun Narayan

Titan sees early wedding buying amid softer gold prices, with half of customers opting for old jewellery exchange as demand remains resilient despite elevated rates

DMart Q4 growth strong on store additions; margins remain under pressure

Revenue growth driven by aggressive store additions, but rising costs, weak same-store sales, and quick commerce competition continue to weigh on margins

Hyatt ties up with Brigade Group for Hyatt House Bengaluru Devanahalli

Hyatt signs deal with Brigade Group to develop 135 serviced apartments in Devanahalli, targeting business and leisure travellers near Bengaluru airport and tech corridor

Oracle names Schneider Electric's Maxson as CFO amid soaring AI spending

Doug Kehring will step down as Oracle's principal financial officer following the appointment and will return to focusing on the company's go-to-market operations

JIIF plans to invest ₹80-100 cr in 12-18 months in early-stage startups

Investment platform JITO Incubation and Innovation Foundation on Monday said it plans to invest Rs 80-100 crore in early-stage startups in the next 12-18 months. The platform has invested over Rs 150 crore across more than 100 pre-seed and seed-stage startups over the past two years, and reported over 15 exits during the period. "Over the next 1218 months, the platform plans to invest approximately Rs 80100 crore, with an aim to back 2025 startups annually. Its investment ticket size currently ranges between Rs 1.5 crore and Rs 2 crore, depending on stage and sector," JIIF said in a statement. The platform has also made a Rs 26.5-crore investment in Mumbai-based Atomic Capital. The move allows JIIF to participate in a wider set of investment opportunities beyond direct startup investments. JIIF further said that it plans to launch an accelerator programme focused on the Asia-Pacific region, covering India, the Middle East and Southeast Asia, where the programme will target early-st

Nykaa projects strongest net revenue growth in three years in Q4FY26

This update made the firm's stock price surge by 3 per cent in early trading hours. The stock closed at Rs 252.65 per share, up 2.72 per cent from the previous close

TDI Infratech to invest ₹750 crore in 150-acre township project in Ludhiana

Realty firm TDI Infratech on Monday said it will invest Rs 750 crore to develop a 150-acre township in Ludhiana as part of its expansion plan. In the township, the company said it will build luxury group housing, residential plotted developments and low-rise independent floors, targeting both end-users and long-term investors. The project will span over 6 million square feet of developable area. The company, in a statement, said it is "developing about 150 acres of land in Ludhiana for an integrated township with an estimated investment value of Rs 750 crore." Speaking on the expansion, Akshay Taneja, Managing Director, TDI Infratech, said Ludhiana represents a high-potential market with strong economic fundamentals and sustained end-user demand. "Our acquisition of approx 150 acres reflects a long-term commitment to developing a benchmark township that integrates premium housing formats with robust infrastructure and lifestyle amenities. This project also marks an important miles

Bharti Airtel deploys over 4,300 new 5G sites in eastern Uttar Pradesh

Bharti Airtel on Monday said it has deployed more than 4,300 new 5G sites across eastern Uttar Pradesh in the last 12 months, boosting its network presence in the region. The large-scale network expansion was undertaken across 48 districts of the UP East circle, covering 34 million people across urban centres, growth towns and remote rural villages. By adding an average of 12 new sites every day, Airtel has accelerated the rollout of high-speed connectivity, ensuring customers experience consistent performance for work, education, entertainment and digital payments, the company said in a statement. Customers in Lucknow, Kanpur, Varanasi, Prayagraj, Gorakhpur, Ayodhya, Jhansi and several other districts will directly benefit from this enhanced network footprint. The expanded coverage will enable seamless access to high-speed 5G services, supporting the everyday digital needs of citizens, students, micro entrepreneurs, enterprises and government institutions across urban and rural ...

UAE's Valura.ai makes India debut, onboards 1,000 wealth advisors

Valura.ai, an AI-native global investment platform, on Monday announced the onboarding of over 1,000 wealth advisors across India ahead of its official launch, with a collective AUM pipeline exceeding Rs 3,000 crore over the next 12-18 months. The platform provides access to over one lakh global securities with client assets held in local custody within the IFSC at GIFT City under IFSCA regulation, rather than being routed through offshore brokers. The onboarded network includes independent financial advisors (IFAs), registered investment advisors (RIAs), mutual fund distributors, and chartered accountants. The pre-launch response signals strong demand for a credible global investing infrastructure at a time when India's outbound investment surged 67 per cent to USD 41.6 billion in FY25, and the rupee has depreciated over 8 per cent against the US dollar in the past 12 months, Valura.ai said in a release. "Valura combines AI-driven research and portfolio construction with seamless

Bandhan Bank's loans rise 12.6% to ₹1.54 trn, deposits up 10% in Q4FY26

Bandhan Bank's loans and advances grew 12.6 per cent year-on-year to Rs 1,54,235 crore as of March 31 compared to Rs 1,36,995, the private lender said on Saturday. On a sequential basis, the loan book expanded 6.2 per cent from Rs 1,45,224 crore as of December 31, 2025, according to a provisional unaudited disclosure filed with the bourses. Total deposits rose 10 per cent on-year to Rs 1,66,344 crore at the end of the fourth quarter of 2025-26 against Rs 1,51,212 crore in the corresponding period last year, and were up 6.1 per cent from Rs 1,56,724 crore in the previous quarter. Retail deposits, including CASA, climbed 17.7 per cent year-on-year to Rs 1,22,547 crore, while retail term deposits surged 30.1 per cent to Rs 73,796 crore. The retail-to-total deposits ratio improved to 73.67 per cent from 68.88 per cent a year earlier, the bank said in the filing. CASA deposits stood at Rs 48,751 crore in the fourth quarter, up 2.8 per cent year-on-year, while the CASA ratio stood at 29.

HDFC Bank, BoB report strong credit growth; deposits lag pace

HDFC Bank and Bank of Baroda report robust loan growth in March 2026, with advances outpacing deposits even as time deposits continue to drive overall deposit expansion

Allied Blenders & Distillers appoints Amar Sinha as MD-designate

ABD appoints Amar Sinha as managing director as Alok Gupta's tenure nears end, aiming to drive growth and transformation in India's premiumising spirits market

Microsoft aims to develop large cutting-edge AI models by next year

Microsoft is assembling the com- puting horsepower to build more broadly capable models, Suleyman said

Bharti Airtel gain subscribers; Vodafone Idea continues to trail

Jio, on the other hand, continues to remain as the largest carrier and additions may not appear high due to the base effect