Page 17 - Company News

Gaurs Group to invest ₹250 cr for precast manufacturing plant in Noida

Gaurs Group will invest Rs 250 crore to build a precast and modular construction facility in Noida after signing an MoU with Elematic India, aiming to boost efficiency and project timelines

Lemon Tree eyes overseas expansion in next 5 years as outbound travel booms

India is expected to become ‌the world's fourth-largest outbound tourism market by 2035, behind the U.S., China and Germany, rising from 10th place, Capital Economics said last year

VIL, Ericsson deepen partnership to boost postpaid and network services

Telecom operator Vodafone Idea has deepened its strategic partnership with Swedish communications gear maker Ericsson to modernise its postpaid services while supporting its ongoing network expansion across the country, according to a release on Monday. Ericsson will continue to strengthen VIL's network footprint through the deployment and integration of new network sites, capacity augmentation, and coverage expansion. These efforts will lead to enhancing indoor coverage, improving data capacity, and supporting VIL's ongoing efforts for expanding 5G and 4G connectivity. Announcing the deepening of the partnership, the release said that since 2024, Ericsson has deployed new 5G and 4G sites, layer additions on existing sites and High-Performance Small Cell towers across 10 circles. "Vodafone Idea... has expanded its strategic partnership with Ericsson to modernise its postpaid services while supporting its ongoing network expansion across the country," it said. Building on the migra

India on Ericsson's speed dial for tech strategy: President & CEO Ekholm

Ericsson to continue cost cuts through 2026, bets on India and AI-led 5G growth

Bira91's current, former employees protest as unpaid dues stack up

Over 40 current and former Bira91 employees gathered outside Ankur Jain's home alleging prolonged non-payment of salaries, even as the company pursues investors and asset sale talks

Bharti Airtel to invest in data centres, ramp up capacity to over 1 Gw

Sunil Mittal says Airtel will invest Rs 39,000 crore across India and Africa, expand data centre capacity beyond 1GW, and pursue only attractive opportunities while keeping shareholder value paramount

More fintech firms, banks may come under scanner after Fino chief's arrest

Crackdown on payout API misuse in banned real money gaming may widen probe to payment aggregators and smaller banks amid heightened regulatory scrutiny

Amazon India announces zero-referral fees on over 125 million products

By eliminating referral fees across over 1,800 categories covering over 12.5 crore products, and reducing logistics costs, sellers can save up to 70 per cent in fees

Fino's SFB transition unlikely to be hit by CEO's arrest: Experts

Fino is the first and the only payments bank so far to apply for conversion into an SFB

Groww builds AI-powered platform across trading, wealth and fixed income

The firm outlined its next phase of growth centred on building "responsible intelligence" for every kind of investor

Vishal Mega Mart promoter entity sells 14% stake for ₹7,635 crore

Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for Rs 7,635 crore through open market transactions. Samayat Services LLP is a special-purpose vehicle owned by private equity firm Kedaara Capital and Switzerland-based Partners Group. According to the bulk deal data on the National Stock Exchange (NSE), Samayat Services LLP sold a total of 65.25 crore equity shares in two tranches, representing a 13.96 per cent stake, in Gurugram-based Vishal Mega Mart. The shares were offloaded in the price range of Rs 117-117.03 apiece, taking the combined transaction value to Rs 7,635.55 crore. Following the stake sale, Samayat Services LLP's holding in Vishal Mega Mart (VMM) declined to 40.13 per cent, from 54.09 per cent. Meanwhile, HDFC Mutual Fund (MF), the Singapore government and the Monetary Authority of Singapore have collectively bought shares of the supermarket chain. The Singapore .

NTPC pays power ministry ₹2,666.58 crore as second dividend for FY26

State-owned electricity generator NTPC on Friday said it has paid the power ministry Rs 2,666.58 crore in second interim dividend for FY26. A ceremonial cheque was handed over to Minister of Power Manohar Lal by company officials on February 25, NTPC said in a statement. "NTPC Ltd paid the second interim dividend of Rs 2,666.58 crore on 25th February 2026 for the financial year 2025-26, being 27.50 per cent of the paid-up equity share capital of the company," it said. This is the 33rd consecutive year that NTPC Ltd has paid a dividend. NTPC is India's largest power generation company, catering to the country's one-fourth of electricity demand. The company operates more than 87 GW of installed capacity, with another 32 GW under construction.

OpenAI raises $110 billion with investments from Amazon, Nvidia, SoftBank

Amazon will start with an initial $15 billion investment, followed by another $35 billion in the coming months when certain conditions are met

Mahindra group to bring new products for all cropping cycles

Mahindra Group on Friday said that it is committed to bringing new products for all cropping cycles to enable farm mechanisation in the country. It also said that the rotavator remains a big area of focus for the company and the ultimate goal was to increase the market share in this segment. Earlier, Mahindra & Mahindra announced the launch of its new rotavator series. Featuring a new look and a wider mast design, the new Mahindra Rotavator series will be available under the heavy-duty rotavator category - Mahavator & Mahavator HD, spanning 4 to 9 feet. A rotavator or a rotary tiller is usually attached to tractor and designed to prepare soil for planting by breaking up and aerating the earth for preparing soil for planting by breaking up and aerating the earth. "Farm mechanization is crucial to farm productivity and rotavators play a crucial role in efficiently preparing farmlands. We are very committed to bringing new products all along the cropping cycle to enable ...

Apple likely to produce 30% of iPhones in India in a few years

Government expects Apple to shift 30% of global iPhone production to India, unfazed by US Supreme Court ruling that removes China's tariff disadvantage

Royal Orchid Hotels open to global tieups adding to shareholder value

Royal Orchid Hotels Limited plans to expand to 250 hotels and 20,000 keys by 2030, remaining open to global partnerships and selective private equity while pursuing an asset-light growth strategy

Axis Bank seeks RBI nod to retain maximum possible equity in subsidiary

The bank will look to dilute a minimal stake in the wholly owned NBFC now that norms on overlapping business have been relaxed by the central bank

Jio Financial Services infuses ₹2,000 crore into subsidiary Jio Credit Ltd

Jio Financial Services Ltd (JFSL) on Thursday said it has infused Rs 2,000 crore in its subsidiary Jio Credit Ltd to fund its business growth. The company has subscribed to and has been allotted 3,35,71,923 equity shares of Rs 10 each of Jio Credit Ltd, a wholly-owned subsidiary (non-banking financial company), for cash at a premium of Rs 585.70 per equity share, aggregating Rs 1,999.88 crore, JFSL said in a statement. JCL will utilise the amount to fund its business operations, it said. Last month, JFSL reported a 9 per cent drop in consolidated profit at Rs 269 crore in the third quarter ended December 2025. The company earned a consolidated net profit of Rs 295 crore in the same quarter of the previous fiscal. However, the company's consolidated net profit stood at Rs 695 crore in the second quarter of the current fiscal. Total income nearly doubled to Rs 901 crore, from Rs 449 crore in the third quarter of the previous fiscal.

ASGN names Sangita Singh president for India, international operations

ASGN, soon to be renamed Everforth, has appointed Sangita Singh as president for India and international markets to strengthen offshore delivery and drive its global growth strategy

Citizen-level AI adoption to lift Indian innovation ecosystem: Uniphore CEO

Uniphore chief executive Umesh Sachdev says India can become a global AI adoption hub as enterprise usage scales, even as the US leads in capital access and technology maturity