Page 10 - Company News

Uber expands into B2B logistics, adds metro ticketing in Bengaluru via ONDC

Uber has entered B2B logistics in Bengaluru through Uber Direct, integrated Namma Metro ticketing on its app, both powered by ONDC, as it builds multi-service mobility and commerce offerings in India

Global fintechs bet on India's prepaid forex cards as travel demand surges

Global fintechs like Revolut and Wise are lining up multicurrency prepaid forex cards for booming outbound traveller base, offering lower markups, wider acceptance, smoother cross-border transactions

Transition VC closes oversubscribed ₹700 crore debut fund at final close

Backed by strategic LPs, Transition VC says its debut fund has crossed target to close at ₹700 crore, with early portfolio traction and plans under way for a second fund

Microsoft bets $17.5 bn on India's AI-first future with cloud, AI infra

The new investment will be used to scale Microsoft's cloud and AI infrastructure, skilling initiatives and ongoing operations across India, Microsoft said

Adani Enterprises' ₹24,930 cr rights issue 90% subscribed ahead of close

AEL had outstanding loans of ₹1.1 trillion at the end of September 2025, up from ₹80,400 crore a year ago

Blinkit CEO Albinder Dhindsa warns of qcom shakeout amid capital crunch

Zomato in 2024 had raised ₹8,500 cr via QIP

Ageas Federal Life Insurance aims 3x premium growth by FY28: CEO Gomes

Company is open to exploring non-life opportunities once composite licence is approved by Parliament

Fino PB shares tank 12% despite RBI approval FOR transition into SFB

Profit-taking and a broader selloff drive the record fall, even as the bank gets 18 months to transition into a small finance bank with a cautious lending plan

Even today, I think BBL at $5.5 billion is undervalued: Kiran Mazumdar-Shaw

'Can reinvest operating cash back into biz to scale up GLP-1s'

Ola Electric begins mass rollout of scooters powered by 4680 Bharat Cells

Ola Electric on Sunday said it has commenced mass deliveries of its 4680 Bharat Cell power vehicles. The S1 Pro+ (5.2kWh) is the first product to be powered by the company's indigenously manufactured 4680 Bharat Cell battery pack that delivers more range, better performance and enhanced safety. "Deliveries are now in full swing, and customers are proudly riding India's first scooters powered by our own 4680 Bharat Cell. This is a big moment, not just for Ola, but for India's journey towards becoming a global EV hub," said a company spokesperson in a statement. With its own battery packs in the vehicles, Ola Electric is now India's first company to fully own the battery pack and cell manufacturing process in-house. S1 Pro+ (5.2kWh) is powered by a 13 kW motor offering a brisk acceleration of 0-40 kmph in just 2.1 seconds. The model comes with a range of 320 km and gets four riding modes - Hyper, Sports, Normal and Eco. It also offers enhanced safety with category-first dual ABS, a

ED to file charge-sheet against Gurugram realty firm in PMAY fraud case

The Enforcement Directorate is soon expected to chargesheet a Gurugram-based real estate company and its promoters in a multi-crore money laundering investigation linked to alleged irregularities in the Pradhan Mantri Awas Yojna (PMAY) and fraud with homebuyers, official sources said Sunday. Swaraj Singh Yadav, the MD and "key person" of the company named Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal probe agency on November 13 and is currently lodged in jail under judicial custody. The ED has alleged that Yadav "fraudulently diverted" and laundered homebuyers' funds worth Rs 222 crore collected under PMAY through cancellation and re-sale of units at inflated prices, collection of substantial cash premiums, and diversion of Escrow proceeds into "shell" (dummy) entities. The PMAY aims to provide housing to the economically weaker sections as part of the Union government's ambitious plan to ensure 'home for all'. The agency, sources said, is carrying out an ...

Fino becomes first payments bank to get RBI's nod to convert into SFB

A payments bank is eligible to apply to transition into an SFB after completing five years of operations, subject to meeting compliance and regulatory requirements

Some related-party transactions not disclosed inadvertently: Kaynes Tech

The company, however, said that these transactions were not required to be disclosed under the consolidated accounting standards as per the Indian Accounting Standards

British American Tobacco sells 9% stake in ITC Hotels for ₹3,820 crore

The ITC Hotels stock on Friday closed at ₹206 a share on the BSE, down by 0.84%

LIC, GQG signal interest in ₹24,930 crore Adani Enterprises rights issue

LIC and GQG Partners have indicated interest in subscribing to Adani Enterprises' rights issue, with RE trading active and most applications expected closer to the December 10 deadline

After E20, India should now focus on flex fuel: Toyota country head

Toyota's India head says the country should now push flex-fuel vehicles, calling for lower taxes and pricing support as E20 stabilises and higher blends prove impractical for legacy fleets

BorderPlus to send 1,000 Indian nurses to Gulf Cooperation Council by FY27

GCC healthcare ecosystem projected to require over 50,000 additional nurses by 2027, says BorderPlus CEO

Tsugami launches ₹300 cr Chennai plant, boosting precision engineering

Tsugami has inaugurated a Rs 300-crore assembly and foundry unit near Chennai-its largest machine-tool investment in India-boosting local jobs and strengthening high-precision manufacturing

ASG Eye Hospital to invest ₹2,000 crore, scale to 600-700 centres

ASG Eye Hospital will invest Rs 2,000 crore to expand from 175-plus centres to 600-700 by 2030, using acquisitions, new hospitals and district centres, backed by investors

Dream11 making a 'hard pivot' to sports entertainment space: CEO Jain

Dream11 is shifting from fantasy gaming to a second-screen sports entertainment platform, betting on ads and paid shoutouts to creators, CEO Harsh Jain said, after the Centre's ban on real money games