Page 2 - Company News

Anthropic's IPO filings: Massive losses, rising costs and more

Revenue grew 12-fold in 2025 to nearly $4.6 billion, even as the company lost more than $8 billion on an operating basis, excluding writedowns of various liabilities

Quick commerce becomes the new battleground as festive season approaches

E-commerce giants bank on speed as they expand beyond metros ahead of Big Billion Days, Great Indian Festival sale event.

OpenAI takes on Meta with always-on Dots agent in enterprise AI push

The Dots agents aim to capitalize on growing demand for agents that can handle everyday work with little supervision.

SP Group's Mercury Finance taps dollar debt to meet another unit's dues

The real estate conglomerate plans to use the ​proceeds to invest in rupee-denominated bonds to be issued later by a local group entity.

India's Sun Pharma plans $1 billion local debt sale for loan takeout

MUMBAI, Sept 29 (Reuters) - India's Sun Pharmaceutical Industries is planning to raise around 100 ​billion rupees ($1.04 billion) via a upee-denominated debt sale ​to partly fund a bridge loan it took to acquire ‌US healthcare firm Organon & Co., three sources said on Tuesday.

Coforge appoints Akhil Gupta as independent chairperson for five years

Gupta, former vice chairman of Bharti Enterprises, will serve for five years from September 29 as non-executive independent director and chairperson

Coforge appoints former Bharti Enterprises VC Akhil Gupta as chairperson

IT services firm Coforge Ltd has appointed former Bharti Enterprises vice-chairman Akhil Kumar Gupta as its chairperson and non-executive independent director for five years, effective Tuesday. The appointment follows weeks of intense boardroom turmoil, triggered by the abrupt resignation of former chairman and veteran banker O P Bhatt on September 9 after an internal audit revealed that he had withheld a board evaluation report that assigned his own performance category the lowest rating. The fallout, which wiped out more than Rs 4,400 crore in the company's market valuation as shares tumbled over 5 per cent, escalated within days when Coforge's nomination and remuneration committee (NRC) chairperson D K Singh also quit, citing "differences" and "tension" between independent and executive directors. Following the exits, the company named non-executive independent director Vivek Sharma as interim chairperson and roped in global executive search firm Egon Zehnder to lead the hunt fo

Jio-bp, Nayara cap diesel sales as industrial buyers seek cheaper fuel

Private fuel retailers Jio-bp and Nayara Energy have imposed limits on diesel purchases at their retail outlets as industrial and other bulk consumers turn to petrol pumps to take advantage of cheaper retail fuel, putting pressure on supplies and retail networks. Jio-bp outlets have capped diesel purchases at 50 litres per customer per day, while transaction limits at Nayara Energy outlets range from 70 litres to 200 litres, people aware of the matter said. Public sector fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) too are likely to impose quantity restrictions. Petrol and diesel prices at retail outlets have remained unchanged since May even as international crude oil prices have surged to around USD 108 a barrel in a bid to control inflation. Prices charged to industrial and other bulk consumers, who typically procure fuel through dedicated consumer pumps, have meanwhile moved more closely in li

Meta hires MongoDB CEO Desai to spearhead enterprise AI business

Desai, a veteran technology ​executive, took over the role from ​Dev Ittycheria. MongoDB has appointed Ittycheria as interim CEO as it searches ​for a permanent replacement.

Larry Ellison pledges $9.2 billion more in Oracle shares for loans

The share pledges, revealed in an Oracle filing on Friday, amount to a 19% increase in the number of shares Ellison has pledged since 2025. The stock is worth about $9.2 billion

Safety, reliability, profitability our priorities: Incoming Air India chief

Incoming CEO and MD Tewolde Gebremariam calls for a stronger safety-reporting culture, better disruption recovery and sharper focus on revenues and costs

Arovia Consumer raises ₹100 cr from Fireside to scale regional food brands

Former Soulfull founder Prashant Parameswaran launches platform to take significant stakes in regional packaged-food businesses and help them expand beyond home markets

Clean Max Enviro Energy raises ₹2,500 cr through green debt securities

Renewable energy solutions provider Clean Max Enviro Energy on Monday said that it has raised Rs 2,500 crore through the issuance of green debt securities on a private placement basis. The non-convertible debenture (NCD) issuance was structured across five series with maturities between 2 years and 10 years and coupon rates ranging from 8.25 per cent to 8.76 per cent under a fixed rate structure, attracting wide participation from international and domestic investors, the company said in a statement. The issue follows an AA/stable rating by Crisil assigned in September to CleanMax's corporate credit and its NCD programme, the company stated. Issued under CleanMax's green bond framework, the bonds are backed by a defined green-use-of-proceeds framework, allocated for large-scale renewable energy projects. The framework has been independently reviewed by CareEdge Advisory for alignment with applicable SEBI regulations and the ICMA Green Bond Principles, 2025. This was raised through

Samsung hikes Galaxy S26 series prices by up to 17% ahead of festive season

Korean electronics major Samsung has increased the price of its flagship Galaxy S26 series by up to 17 per cent, industry sources tracking the mobile phone segment said. Samsung's basic model in the Galaxy S26 series with 256 GB storage will cost around 17 per cent higher at Rs 1,02,999 compared to the launch price of Rs 87,999. The Galaxy S26 models were launched in January this year at an 8-15 per cent higher price compared to its predecessor, the Galaxy S25 series. The Galaxy S26 Ultra was launched at a starting price of Rs 1,39,999, while the Galaxy S26+ was at Rs 1,19,999 and the most affordable S26 base variant at Rs 87,999. With the latest price hike, all the Samsung Galaxy S26 devices will now cost more than one lakh, while the top model S26 Ultra with 1 TB storage will be available at Rs 2,14,999. The company has increased the price of Samsung S26 with 512 GB storage by 13.9 per cent to Rs 1,22,999, S26+ with 256 GB by 12.5 per cent to Rs 1,34,999 and S26+ with 512 GB by

Air India's CEO-designate pitches for cost discipline, sustainable profits

Air India's incoming CEO Tewolde Gebremariam on Monday emphasised the need to improve financial performance and announced plans to introduce programmes that will reward staff who come up with ideas to bring down cost. Asserting that achieving sustainable profitability remains a key objective, Gebremariam said cost discipline must become part of the airline's culture. "Cost management is not just the responsibility of leadership or the finance function. Every employee can contribute to savings, and those savings add up across an organisation of our scale," he said at a townhall. Gebremariam, who has been appointed as the CEO and MD of the loss-making Tata Group-owned airline, will take charge after receiving requisite security approvals. In his second interaction with the employees in recent weeks, Gebremariam said the airline plans to introduce programmes that reward ideas that generate measurable cost savings and operational efficiencies. According to him, a combination of extern

Mithun K Chittilappilly appointed chairperson & MD of V-Guard Industries

Chittilappilly, who has been managing director since 2012, will take on the additional role following the completion of Radha Unni's second and final term

Decathlon sees strong growth, eyes ₹1,000 cr running sports biz in 4 yrs

Decathlon Sports India, which reported revenue of Rs 4,133.10 crore in FY25, is investing 100 million euros in building and strengthening its manufacturing ecosystem in India.

PC Jeweller says it's debt-free, cleared dues of all 14 consortium banks

In a regulatory filing, PC Jeweller informed that the company has "successfully discharged the remaining outstanding debt of the banks and has achieved its financial objective of a debt-free status".

Ather Energy plans aggressive push into overseas markets: CBO Phokela

However, the company will prioritise the domestic market amid the current demand-supply situation, CBO Ravneet S Phokela added.

Kian-M Export files IPO papers with Sebi to raise ₹500 cr via fresh issue

Apart from the fresh issue, there will be an offer for sale (OFS) of up to 15 lakh equity shares, according to the Draft Red Herring Prospectus (DRHP) filed on Thursday.