Page 19 - Company News

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

Aditya Birla Fashion names Suraj Bahirwani as Pantaloons' CEO-designate

Aditya Birla Fashion and Retail Ltd on Tuesday announced its top leadership succession plan for the Pantaloons brand, with the appointment of Suraj Bahirwani as CEO Designate. Bahirwani will succeed incumbent Sangeeta Tanwani from October 1, 2026, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a regulatory filing. The company's board at its meeting held on March 24, 2026, has appointed Suraj Bahirwani as CEO (Designate) - Pantaloons and senior managerial personnel (SMP) of the company with effect from April 1, 2026, and as CEO - Pantaloons and SMP with effect from October 1, 2026, it added. Sangeeta Tanwani, CEO - Pantaloons and whole-time director (WTD) and key managerial personnel (KMP) of the company, will oversee a planned and phased leadership transition of her role as CEO-Pantaloons and will continue to be CEO-Pantaloons till September 30, 2026, the filing added. The company further said that from October 1, 2026 till her retirement on January 31, 2027, she will support

Nikon India opens Experience Zone in Chennai to boost creator engagement

Imaging product maker Nikon India has set up its Experience Centre in the city, aimed at strengthening its engagement with photographers, filmmakers and digital creators. The Experience Zone underscores the focus of Nikon India on going beyond traditional retail to create 'creator-first spaces' that enable hands-on engagement, learning and community building. The Experience Zone at Kanchan Films in the city offers access to Nikon's latest imaging portfolio, including mirrorless Z-series cameras, DSLR cameras, COOLPIX range and accessories. Nikon India Pvt Ltd Managing Director Sajjan Kumar in a statement on Tuesday, said, "Chennai represents a dynamic and culturally rich market with a growing base of photographers, film makers and content creators." "With the launch of our new store in Chennai, we aim to deliver a premium, hands-on retail experience that empowers users to explore, engage and create with confidence. This expansion reflects our continued focus on strengthening our .

Bata India crosses 700 franchise stores, strengthens reach in emerging mkts

Bata India has crossed 700 franchise stores nationwide, expanding its footprint in Tier II-IV markets and accelerating growth through a franchise-led retail strategy

Maruti Suzuki India to establish first phase of Khoraj plant by 2029

Maruti Suzuki India will invest Rs 10,189 crore to set up the first phase of its Khoraj plant in Gujarat, with a capacity of 250,000 units per annum by 2029

NeuEN to supply 10,000 TPA green hydrogen to Numaligarh refinery

NeuEN Green Energy will supply 10,000 tonnes per annum of green hydrogen to Numaligarh Refinery, with a new facility in Assam expected to be operational by 2028

Meesho bets on Voice AI to bring conversational shopping online

Meesho launches "Vaani-Your Meesho Dost", a generative AI voice assistant to simplify online shopping, improve engagement, and drive conversions among new internet users

Anil Ambani approaches SC seeking Sandesara-like debt settlement framework

Anil Ambani has approached the Supreme Court seeking debt resolution similar to the Sandesara case, even as the court pulled up agencies over probe delays

Taco Bell, Dunkin franchisee to pay $1.5 million in NYC scheduling case

In December, New York City announced that Starbucks would pay $38.9 million to settle claims it violated the city's scheduling law

Asgard Alcobev appoints Ronak Jain as Managing Director

Asgard Alcobev Ltd on Monday said it has appointed Ronak Jain as new Managing Director. With over 15 years of experience in the liquor and beer industry, Jain is set to drive the company's strategic realignment and long-term growth, a company statement said, adding that the appointment is for a period of five years. Rohit Jain is a seasoned entrepreneur with diversified experience across breweries, distilleries, cement, steel, and allied industries, the company said. The emerging alcoholic beverages manufacturer, previously known as Banganga Paper Industries Ltd, also announced two additional appointments -- Priyanka Jain as Additional Director (Non-Executive) and Binit Singhania as Chief Financial Officer (CFO) & Finance Director. These appointments underscore Asgard Alcobev's ongoing strategic realignment. Having transitioned from its legacy paper manufacturing business to the alcoholic beverages sector, the company recently acquired a majority stake in CMJ Breweries in ...

ICICI Bank to prioritise stable liability base to support growth: Report

ICICI Bank will focus on building a stable liability base while maintaining growth, supported by diversified sourcing, calibrated lending, and steady margins, says report

Hindustan Foods to acquire Ultra Beauty Care unit for ₹19.9 crore

FMCG contract manufacturer Hindustan Foods Ltd on Monday announced the acquisition of ayurvedic, herbal beauty care and cosmetic products facility of Ultra Beauty Care Pvt Ltd in Maharashtra for Rs 19.9 crore. The company has executed a Business Transfer Agreement (BTA) on March 23, 2026 with Ultra Beauty Care Pvt Ltd and its authorised representatives, for acquisition of the business undertaking at C-15, Five Star Industrial Area MIDC Shendra, Aurangabad, Maharashtra, Hindustan Foods Ltd (HFL) said in a regulatory filing. The acquisition is in line with HFL's strategy to enter contract manufacturing and expansion of its business into a comprehensive range of ayurvedic, herbal beauty care and cosmetic products, it added. The company identified the facility as a suitable acquisition target because it is into contract manufacturing of a comprehensive range of ayurvedic, herbal beauty care and cosmetic products. On the value of acquisition, HFL said it will be acquired for a cash ...

Accenture beats quarterly revenue estimates on strong AI demand

Acquisitions of fast-growing firms and AI-focused assets will account for roughly $5 billion in spending this year, Accenture CEO Julie Sweet said

Air India flight returns to Delhi after deploying wrong plane for Canada

The Boeing 777-300ER and Boeing 777-200LR are two long-haul variants of Boeing's 777 family with distinct capabilities in range and capacity

Lexus India eyes faster growth in FY26 amid rising demand, new launches

Lexus India expects stronger growth in FY26 amid rising incomes and infrastructure push, as it looks to outperform a largely flat luxury car market