Page 10 - Company News

Sebi begins review of former HDFC Bank chairman Chakraborty's exit letter

In his resignation letter, Chakraborty cited "certain happenings and practices within the bank" that he said were "not in congruence" with his personal values and ethics

Infosys acquires Optimum for $465 mn to deepen healthcare, AI capabilities

Deal strengthens Infosys' healthcare vertical and AI-led capabilities, adding clients, talent and consulting expertise in provider segment

'India can test AI with a billion people, be a gateway to Global South'

Indian diaspora has moved up the management and investment stack with every technology cycle. AI, says MR Rangaswami, is no different - but the disruption this time will spare no one, not even doctors

India start-ups raise $9.1 billion funding as focus shifts to execution

Selective capital is backing scalable ventures, while AI-led DeepTech gains momentum as investors prioritise proven models, monetisation, and commercial readiness

NDR InvIT raises ₹410 crore via bonds to expand warehousing portfolio

NDR InvIT Trust on Wednesday announced raising Rs 410 crore through the issuance of bonds primarily for the acquisition of logistics and warehousing portfolio across key markets in the country. The issuance was anchored by the International Finance Corporation (IFC), with participation from India Infrastructure Finance Company Limited (IIFCL), which subscribed to Rs 205 crore of the total issue, NDR InviT said. The bonds are secured, rated, listed, redeemable non-convertible debentures with a tenor of 5-years and carry a coupon of 7.61 per cent. "NDR InviT announces the successful closure of its Rs 410 crore bond issuance, which was fully subscribed, reflecting strong investor demand for high-quality infrastructure-backed assets," the company said. The issuance is rated AAA (Stable) by leading rating agencies, indicating a high degree of safety regarding timely servicing of financial obligations, the company said, adding the strong participation from marquee institutional investors

MUFG's $4.4 billion investment in Shriram Finance wins CCI approval

Japanese lender to acquire 20% stake in NBFC via preferential allotment, marking one of the largest FDI deals in India's financial services sector

OpenAI taps JioStar CEO Kiran Mani to lead Asia Pacific operations

Former JioStar executive to drive regional growth as OpenAI expands global footprint and deepens presence across key Asia-Pacific markets

BBC names former Google executive Matt Brittin as new director-general

Former Google executive Matt Brittin will be the new director-general of the BBC, the broadcaster announced Wednesday, taking the helm as the UK's national broadcaster faces an uncertain future and a USD 10 billion lawsuit from US President Donald Trump. Brittin, 57, spent almost two decades at Google, becoming the company's president in Europe, the Middle East, and Africa. He does not have a background in broadcasting. He said the 104-year-old BBC is "an extraordinary, uniquely British asset." "Now, more than ever, we need a thriving BBC that works for everyone in a complex, uncertain and fast changing world," he said in a statement. Brittin will start the job on May 18. He replaces Tim Davie, who resigned in November over criticism of how the broadcaster edited a speech Trump made on January 6, 2021, before some of the president's supporters stormed the US Capitol. A documentary aired days before the 2024 presidential election spliced together three quotes from the speech into w

Network18 appoints Raj Jain as independent director for five years

Former Times Group CEO joins Network18 board as additional independent director, bringing multi-platform media leadership experience

Daily AMC repo volumes rise sharply in FY26, expected to double in FY27

Triparty repo platform operator AMC Repo Clearing has witnessed a sharp surge in daily trading volumes in FY26, and it is expected to double in 2026-27, a top official has said. The average daily volume in the market, which is majorly used by primary dealers and corporate treasuries for raising funds against their corporate bond investments, surged to up to Rs 7,000 crore a day in FY26, from a level of up to Rs 2,000 crore a day in FY25. Kashinath Katakdhond, Managing Director at the platform, said the daily volume is expected to surge to Rs 10,000-15,000 crore a day in the upcoming fiscal year, driven by a widening user base. "The increase in traded volume this fiscal year is due to more participants coming in, new participants getting activated, and a constant spread between CCIL TREPS and the ARCL triparty repo market," he told PTI. He added that market participants are increasingly leveraging their corporate bond portfolios to meet short-term funding needs, particularly amid ..

Tredence eyes Europe, GCC expansion to reduce US revenue dependence

The data analytics and AI firm is focusing on Europe and GCC markets, expanding beyond retail CPG and the US, while building partnerships and AI-led capabilities to drive growth

Sony Honda Mobility cancels EV development project, to refund early buyers

Sony Honda will issue full refunds to those who have made reservations for what was to be its first model, the Afeela 1, in California

OnePlus India CEO Robin Liu resigns to pursue 'personal passions'

The CEO of Chinese mobile device maker OnePlus India, Robin Liu, has stepped down, the firm said on Tuesday. The development comes as the company works to recover from the ongoing decline in shipments. "We thank Robin for his contributions to OnePlus India. He moves on to pursue his personal passions, and we wish him the very best for his future endeavours. OnePlus India operations continue with local strategy and business continuity ensured," the company said. Under Liu, OnePlus recorded a 32 per cent decline in shipments in 2025, according to Cybermedia Research. IDC estimates a 38.8 per cent decline in the company's shipments in 2025 on a YoY basis. The smartphone market looks challenging in 2025 as research firm IDC has projected that the overall volume shipment in the segment is expected to decline this year due to a shortage of memory chips globally. CyberMedia Research (CMR), VP-Industry Research Group, Prabhu Ram said Liu's departure from OnePlus India arrives amidst susta

Infosys nears a leadership transition as AI rapidly rewires industry

Extend CEO tenure, recast roles, or name a successor - the 2027 call will shape the next decade

Education tech company PhysicsWallah to acquire stake in exam prep platform

The deal is currently in the final stages and if it goes through, it would mark the company's first acquisition post its public listing which happened in November last year

Manipal Hospitals files DRHP for over $1 billion IPO, biggest in sector

Temasek-backed Manipal Hospitals has filed its DRHP for a $1 billion-plus IPO, which could become the largest public issue in India's healthcare sector

JP Morgan appoints HSBC veteran Rahul Badhwar as senior country officer

American bank JP Morgan has appointed HSBC Group veteran Rahul Badhwar as its senior country officer for India. Sjoerd Leenart, J P Morgan's chief executive for Asia Pacific, made the announcement about Badhwar's appointment. Badhwar replaces Kaustubh Kulkarni, the senior country officer who quit in September to join rival Citigroup. "India is a critical market for our Asia Pacific franchise, and Rahul will play a central role in driving and executing our growth strategy across the country," the internal memo reviewed by PTI said. Badhwar's responsibilities will include getting the firm's entire set of offerings to clients, strengthening governance and controls, and supporting the talent base and community, as per the memo. He will join the firm in July and be based out of Mumbai, it said, adding that Badhwar will report to Leenart and also be a part of the Asia Pacific Management Committee. Badhwar has spent three decades in sales and trading roles at HSBC, and was last based in

'Moving beyond 10-minute race': Zepto launches Pay Later facility

Quick commerce platform Zepto on Tuesday introduced a suite of new in-app features, including a 'Pay Later' facility and real-time images of fresh produce, as it shifts its strategic focus from delivery speed to "behaviour-led commerce." The company stated that the quick commerce sector is moving beyond the "race to the fastest 10 minutes" to focus on reducing everyday shopping friction and serving customers more intelligently. The newly rolled-out 'Pay Later' feature offers a 15-day, interest-free repayment cycle embedded directly within the app. Designed for high-frequency, low-value orders, the facility allows for a one-tap checkout without One-Time Passwords (OTPs) or third-party redirects. According to the product interface shared by the company, the service provides instant credit of up to Rs 10,000. "Meet Zepto Pay Later, a BNPL experience built completely inside the Zepto app. Shopping is now going to be smoother than ever. It's already live for a small percentage, and we p

Prosus, Accel pick six startups for Atoms X deep-tech LeapTech cohort

Early-stage ventures span climate infrastructure, satellite communications, healthcare and space systems, with focus on long-horizon deep-tech innovation

LPG crisis: HungerBox invests ₹3.5 crore in shift to electric cooking

HungerBox has invested Rs 3.5 crore in electric cooking systems to tackle LPG shortages and support food partners, ensuring continuity amid supply disruptions