Page 2 - Company News

HCLTech sharpens focus on India as market, appoints Sandeep Saxena as CGO

HCLTech has elevated company veteran Sandeep Saxena as Chief Growth Officer - Growth Markets 2, as it sharpens focus on India and other key regions such as West Asia and Africa

US-based State Street to buy 23% stake in Groww AMC for ₹580 crore

US-based asset manager State Street Investment Management will acquire a 23 per cent stake in Groww Asset Management for USD 65 million (Rs 580 crore), in a move aimed at strengthening its presence in India, the asset management arm of Billionbrains Garage Ventures said on Wednesday. The investment will be made in one or more tranches. The total investment comprises Rs 381 crore through secondary share purchases and about Rs 199 crore in fresh capital, which could dilute Groww AMC's stake up to 23 per cent. "The investment will help State Street Investment Management to strengthen its presence in India while also enabling the delivery of Indian-focused investment strategies to its clients globally," the US-based firm said in a statement. Separately, in a stock exchange filing, Groww AMC said it has entered into an agreement with State Street Global Advisors Inc, an entity that operates under the State 'Street Investment Management' brand, for an investment into the ...

Ola Electric announces expansion of 4680 Bharat Cell platform

Ola Electric on Wednesday announced the expansion of its 4680 Bharat Cell platform. As part of the initiative, businesses and startups can now directly purchase the 4680 Bharat Cells, or the 1.5kWh 4680 Bharat Cell battery pack for application across automotive, humanoids, drones, and portable medical equipment. With this announcement, the company will enable startups and businesses to innovate and scale rapidly with new energy storage solutions designed, engineered, and manufactured in India, the Bengaluru-based firm said in a statement. The company also announced that its residential Battery Energy Storage System (BESS) solution, Ola Shakti is now available for purchase with deliveries for 6kW/9.1kWh starting end of January 2026, and 3kW/5.2kWh starting mid-February 2026. Furthermore, the company said it has also begun deliveries of its flagship motorcycle, Roadster X+ 9.1kWh powered by the 4680 Bharat Cell, offering a range of up to 500 km on single charge. In addition to this,

There is a clear sense of recovery taking shape: TCS' Krithivasan

TCS CEO K Krithivasan talks about his vision of AI-first TCS and shift in its strategy towards acquisition

Q3 revenue per employee has improved 3.5% sequentially, says TCS CFO

TCS, for the first time, disclosed revenue from AI. Annualised AI revenue grew 17.3 per cent sequentially to $1.8 billion

Elie Saab forays into Indian branded residence market with M3M group

Elie Saab to open first retail store this year

USK Capital acquires US-based snacking brand Go Raw

The office acquired a majority stake in Go Raw's parent, Freeland Foods LLC, through one of the operating entities owned and controlled by USK Capital under the overseas direct investment route

Ducati India plans 10 new model launches in 2026, price reveal soon

Italian luxury motorcycle maker Ducati on Tuesday said it has lined up 10 new and updated motorcycle models for launch in the domestic market this year. These models include Desmo450 MX, the 2026 edition of the new Multistrada V4 Rally, Panigale V4 Lamborghini, and new Monster V2 and the new Hypermotard V2/V2 SP, among others, it said. Of the 10 new models, one motorcycle model, Panigale V4R, has already hit the market on January 2, Ducati said. Besides, the company said its dealer touchpoints for the Indian market are also in place. "The year 2026 is poised to be another landmark year for Ducati as we continue to push boundaries with a portfolio of new launches that will set fresh benchmarks in the premium motorcycle segment," said Bipul Chandra, Managing Director, Ducati India. Ducati India's commitment to delivering the most sophisticated, performance-driven motorcycles to Indian customers has never been stronger, he said. "We are excited to introduce these exceptional new mod

RedTape founders look to sell majority stake, approach Blackstone, KKR

EY has reached out to private equity firms Blackstone and KKR and Co to explore potential offers for the family's stake, said two of the three sources

Indofast Energy to install 23 battery swapping stations on Mumbai Metro 3

Battery swapping solutions provider Indofast Energy on Tuesday said it will set up a network of 23 battery swapping stations along the Mumbai Metro Aqua Line 3 corridor under a partnership with MMRCL. Under this partnership, Indofast Energy will deploy swapping stations strategically across eight key stations on the Aqua Line 3 route - Aarey JVLR, SEEPZ, MIDC, Santacruz Metro, Bandra Kurla Complex, Dharavi, Worli, and Acharya Atre Chowk, the company said. The charging infrastructure will cater to electric two- and three-wheelers as well as small commercial vehicles. It will benefit delivery partners, ride-sharing drivers, and daily commuters using the Aqua Line 3 route, making it easier for those using this major north-south corridor to adopt electric vehicles for their complete journey needs, Indofast Energy said. The strategic collaboration with Mumbai Metro Rail Corporation Limited is a significant step in creating integrated sustainable urban mobility solutions by connecting mas

zingbus bets on demand-led expansion to hit ₹350 crore revenue in FY26

Intercity bus aggregator zingbus on Tuesday said it is aiming to reach a topline of over Rs 350 crore this fiscal, driven by demand-led network expansion across north and south India. This growth is supported by extensive intercity route expansion across north and south India, launching 28 new routes for zingbus Maxx and zingbus Plus, the company said. The fleet expansion was largely undertaken on existing routes, enabling travellers to benefit from greater flexibility in travel timings, it said. The company said it expects to record strong year-on-year growth in FY26 compared to FY25, supported by a sharp rise in revenue from operations, indicating consistent growth across its intercity network. "As we work towards our FY26 growth goals, there has been a clear focus on demand-led expansion, adding routes where we continuously observe high passenger demand," said Prashant Kumar, Co-founder and CEO of zingbus. The company said it is on its path to profitability while doubling its f

ADIF writes to CCI for interim relief to Indian startups in Apple case

Alleges company is using dilatory and delaying tactics in regulator's investigation

Vodafone Idea AGR relief estimated at ₹54,200 crore, says report

According to sources, the government has begun evaluation of the AGR dues at all circle levels following its communication to the number three carrier

Delhi High Court allows Zydus to sell generic version of cancer drug

The Delhi High Court has allowed Zydus Lifesciences to sell its nivolumab biosimilar, citing public interest, while directing the firm to maintain audited sales accounts pending the patent case

Sukino raises $31 million to expand post-hospital recovery care

Bessemer Venture Partners leads the Series B round as the healthcare chain bets on rising demand for rehabilitation outside hospitals

Paytm sees continued rise in institutional holding stake in Q3 FY26

One 97 Communications Ltd (Paytm) witnessed continued institutional participation in the December quarter (Q3 FY26), reflecting sustained confidence in the company's long-term growth trajectory and improving fundamentals. Foreign Portfolio Investors (FPIs) emerged as key incremental buyers during the quarter, with Category I FPIs increasing their stake to 25.33 per cent in Q3 from 23.01per cent in Q2 FY26, driven by Paytm's inclusion in the MSCI Global Standard Index in November 2025. Foreign Direct Investment (FDI) shareholding declined to 25.18 per cent in Q3 FY26 from 27.44 per cent in Q2 FY26 on account of around 2 per cent stake sale by Elevation Capital through a block deal in November 2025. Domestic investors continued their bullish stance on Paytm, steadily increasing their holdings during the quarter. Domestic institutional ownership rose to 20.32 per cent in Q3 from 19.95 per cent in the previous quarter, driven by strong buying from domestic insurance companies. Indian

TCS sees continued headcount decline despite higher fresher intake

TCS' voluntary attrition for the quarter stood at 13.5 per cent, slightly higher than 13.3 per cent in the preceding quarter

Nissan appoints Thierry Sabbagh to lead operations in India, Middle East

Automaker Nissan on Monday said it has appointed Thierry Sabbagh as Divisional Vice President and President, Middle East, KSA, CIS and India -- Nissan and Infiniti. The company said it has announced a series of senior management changes in its Africa, Middle East, India, Europe and Oceania (AMIEO) region, designed to strengthen delivery of its transformation plan and enhance operational efficiency, speed and customer focus. "Effective January 1, 2026, Thierry Sabbagh's responsibilities have been expanded to include Nissan India, as he becomes Divisional Vice President and President, Middle East, KSA, CIS and India -- Nissan and Infiniti," the automaker said in a statement. The expanded scope reflects Nissan's focus on maintaining leadership continuity across established markets while strengthening governance, execution and growth momentum in India as a strategic priority within the AMIEO region, it added. "The Re:Nissan plan is about transformation and customer-centricity. By ...

Coromandel to set up corporate research centre at IIT Madras Research Park

Coromandel International signs MoU with IIT Madras to set up a corporate research centre, boosting agri innovation, sustainability, and industry-academia collaboration

Crest Ventures forms JV for Mumbai realty project with ₹1,850 cr revenue

Mumbai-based Crest Ventures Ltd, which is into financial services and property businesses, has partnered with Vensco Projects Ltd to develop a real estate project in Mumbai with an estimated revenue of Rs 1,850 crore. The company's subsidiary, Crest Urban Living, has entered into a Joint Development Agreement (JDA) with Vensco Projects LLP for the development of a premium mixed-use project in Chembur, Mumbai. The project is spread across 11,000 square metre. In a statement on Saturday, Crest Ventures said the company will develop a luxury mixed-use residential project on this land parcel. The project will have an estimated sales value or Gross Development Value (GDV) of about Rs 1,850 crore, it added. The company did not disclose the investment to develop this project. The 2.5-acre project will have a total saleable area of nearly 5 Lakh square feet. Vijay Choraria, Managing Director, Crest Ventures, said, "Our upcoming project on Chembur's Golf Course Road represents a new chap