Page 2 - Company News

Starbucks India to accelerate store expansion after business recalibration

Starbucks India is set to resume its aggressive store expansion strategy following nearly two years of recalibrating its business model amid a broader slowdown in discretionary spending, Tata Consumer Products Managing Director and CEO Sunil D'Souza has said. Starbucks, which operates in India through JV partner Tata Consumer Products Ltd (TCPL), used the last 18-24 months as an "opportunity to recalibrate" its entire business model -- from store size and capital expenditure per outlet to the pricing of beverages, he told PTI. According to D'Souza, things have "started to fall into place" as Tata Starbucks has now reported four successive quarters of same-store sales growth. "We had four successive quarters of same-store sales growth now, and we are seeing acceleration coming in. Now, we will again start to expand the number of stores aggressively," he said. TCPL has a 50:50 JV with US-based Starbucks Corporation -- Tata Starbucks -- which operates around 500 Starbucks cafes in ...

Fujifilm expands key chip material output to capture AI demand

The Tokyo-based company spent ¥7 billion ($44 million) on the expansion project after forecasting the market will grow rapidly going forward.

Symbiotec Pharmalab raises ₹526 cr from anchor investors; IPO opens Aug 24

Pharma and biotech company Symbiotec Pharmalab Ltd on Friday raised Rs 526 crore from anchor investors days before the opening of its initial public offering (IPO). The company allocated 53.26 lakh equity shares to anchor investors, including HDFC Mutual Fund, ICICI Prudential Mutual Fund and Motilal Oswal Mutual Fund. Shares were allotted at Rs 988 per share, the upper end of its IPO price band, according to a circular uploaded on the BSE website. The anchor round saw participation from foreign portfolio investors, insurance companies, mutual fund houses, an alternative investment fund and an NBFC. Apart from ICICI Prudential Mutual Fund, HDFC Mutual Fund and Motilal Oswal Mutual Fund, other investors included Citigroup Global Markets Mauritius, BNP Paribas Financial Markets, Bajaj Life Insurance, Tata AIA Life Insurance, Mirae Asset, Tata Mutual Fund and Edelweiss Mutual Fund. The company will launch its IPO on August 24 to raise Rs 1,757 crore through a combination of fresh issu

Samsung Electronics expects shareholder returns up to $80 billion this year

Samsung Electronics also said on Friday it has bought back shares worth 15 trillion won for employee stock bonuses.

Accel, two others sell nearly 5% stake in Amagi Media Labs for ₹587 crore

Three entities, including global venture capital firm Accel, on Friday divested nearly a 5 per cent stake in SaaS company Amagi Media Labs for Rs 587 crore through open market transactions. A total of 1,04,88,021 equity shares, representing a 4.85 per cent stake in Bengaluru-based Amagi Media Labs, were offloaded by Trudy Holdings, AVP I Fund and Accel through its affiliates, according to block deal data on the NSE. The shares were disposed of at an average price of Rs 560 apiece, taking the combined transaction value to Rs 587.33 crore. AVP I Fund is an investment vehicle linked to AVP, formerly AXA Venture Partners/ Atlantic Vantage Point, which is an independent global technology investment platform. Meanwhile, a clutch of domestic mutual funds, an insurance company and foreign investors participated in the transaction. SBI Mutual Fund (MF), Tata MF, ICICI Prudential MF, Edelweiss MF, DT Fund, and Baroda BNP Paribas MF purchased an equal number of shares at the same price, as p

Glenmark expands US injectables portfolio with Calcium Gluconate launch

The product has been launched in 1,000 mg/10 mL and 5,000 mg/50 mL single-dose vials, along with a 10,000 mg/100 mL pharmacy bulk package

Cashfree Payments net loss at ₹118.5 cr in FY26; revenue jumps 51%

Fintech firm Cashfree Payments India Private Limited has narrowed its consolidated net losses to Rs 118.5 crore in the financial year ended March 2026, according to the company's regulatory filings accessed via business intelligence platform Tofler. The firm had posted a consolidated net loss of Rs 154 crore in the previous financial year (FY25). The company's revenue from operations grew over 51 per cent to Rs 967.4 crore in FY26 from Rs 640.1 crore in the preceding fiscal. Total revenue, which includes other income of Rs 5.04 crore, stood at Rs 972.5 crore for the period under review. On the expenditure side, total expenses increased to Rs 1,090.9 crore in FY26, compared to Rs 794.7 crore in FY25. Employee benefit expenses, however, saw a marginal decline to Rs 239.3 crore from Rs 243.4 crore in the year-ago period. Akash Sinha, Co-founder & CEO, Cashfree Payments, said: "FY26 was one of the most consequential years for Cashfree Payments. We came close to the Rs 1,000 crore ..

SK Hynix workers to get 60% of 2026's bonuses in stock rather than all cash

Workers are set to ‌be paid an average 779 million won ($547,000) for ​2026, according to Reuters calculations.

Food distributor Sysco adds two board members to advance AI transformation

The move comes as food ‌and restaurant companies ​increasingly adopt AI tools ​to improve demand forecasting, inventory management, supply-chain planning ​and customer service.

CCPA fines Amazon for selling sweets as Ram Mandir Ayodhya Prasad

The Central Consumer Protection Authority (CCPA) has imposed a Rs 1 lakh penalty on Amazon Seller Services, the marketplace arm of e-commerce major Amazon, for hosting misleading listings that sold ordinary sweets as "Shri Ram Mandir Ayodhya Prasad". A two-member bench of the central consumer regulator found that Amazon, on its e-commerce platform, was allowing ordinary sweets to be sold as "Shri Ram Mandir Ayodhya Prasad" without any authorisation from the Ram Mandir Trust. "The CCPA hereby imposes a penalty of Rs 1,00,000/- on the opposite party (Amazon Seller) for publication of misleading advertisements on its platform," in violation of rules of the E-Commerce Rules, 2020, said the order passed by the CCPA on August 4, 2026. It had directed the Amazon Seller Services to ensure that "no product falsely claiming to be 'prasad', 'prasadam', 'mahaprasad', 'bhog' or any similarreligious offering" associated with any religious institutions and shrines named in of this order "is listed

Walmart reports rare sales miss as consumers cut spending, shares fall

"When fuel prices increase and get above $4, perhaps there's a psychological impact ‌to that ... consumers are making trade-offs," CFO John David Rainey said

Alstom in talks with Indian Railways for 200 more e-locomotives order

French train maker Alstom is in discussions with Indian Railways for a follow-on order of 200 locomotives for its manufacturing plant in Madhepura, Bihar, and is also utilising the facility to make other railway-related products, a senior company official has said. Vivek Garg, Managing Director of Alstom's Madhepura Electric Locomotive Private Limited (MELPL), told PTI that the initial order of 800 electric freight locomotives will be completed by March 2028. In 2015, the Indian Railways and Alstom set up a joint venture company to manufacture 800 electric locomotives in Madhepura, Bihar. "We have already delivered 650 locomotives from our Madhepura facility. The land parcel has been leased to us for 35 years," Garg said. He said that the piece of land will continue to be with the company till 2048-49, and its machinery and plant would be in existance. "Within the contract, it is written that Indian Railways can place an order for 200 more locomotives. "According to the contract,

Adfactors PR acquires majority stake in Australian comms firm SenateSHJ

SenateSHJ will retain its identity and client teams under its current leadership. Meanwhile, Adfactors PR CEO Nijay N Nair will join the Australian company's board

Need to find a Goldilocks balance in AI: Check Point Software CEO

On a visit to New Delhi this week, Check Point Software's chief executive officer Nadav Zafrir spoke to Udisha Srivastav and Nivedita Mookerji on the company's plans for India

Marvell Tech gives Google right to buy up to $12.2 billion in shares

Google may purchase up to nearly 59 million Marvell shares at a price of $206.58 apiece, Marvell said Wednesday in a regulatory filing.

Hyundai Motor India to hike vehicle prices by up to 1% from September

Hyundai Motor India said on Wednesday it will increase vehicle prices by up ​to 1% across its portfolio from September ​this year, with the extent of the hike ‌varying by model and variant.

HUL moves Delhi HC against Beco parent over Surf Excel, Vim ad campaign

Hindustan Unilever approached the Delhi High Court against Kwick Living (I) Private Limited over advertisements targeting Surf Excel and Vim, alleging product disparagement and trademark infringement

TVS Industrial & Logistics Parks to invest ₹1,000 cr in Tamil Nadu project

Warehousing developer TVS Industrial & Logistics Parks on Tuesday said it plans to invest Rs 1,000 crore in upcoming projects across Tamil Nadu. The proposed investment, for which the company signed an initial pact with the state government at the VETTRI Tamil Nadu Investment Conclave 2026, is expected to create around 1,500 job opportunities and strengthen the industrial and logistics infrastructure supporting businesses and supply chains across the state, the company, a corporate Grade-A warehousing developer, said in a statement. The conclave brought together investment commitments across key sectors and districts, underscoring the state's focus on accelerating industrial development and employment generation. The continued expansion of industrial activity across Tamil Nadu is driving demand for modern, strategically located infrastructure that can support businesses across different stages of their growth, the company said. As the state advances its ambition of becoming a USD .

Swiggy announces expanded leadership roles for 3 senior executives

Himavant Kurnala has been appointed Chief Growth and Product Officer, Instamart, Nitesh Garg the Chief Technology Officer, Instamart, and Saurav Goyal the Chief Operating Officer, Food Marketplace.

Torrent Gas to file updated draft papers for up to $418 million IPO

The ​filing comes at a time when India's primary market activity has picked up ‌substantially after a muted first half of the year due to the Iran war-driven spike in ​crude ‌oil prices.