Page 2 - Company News

Fino Payments Bank denies links to betting and gaming activities

Bank says reports of an ED probe into online gaming transactions are speculative and clarifies that the ongoing DGGI investigation relates to programme managers and merchants

Tata Motors to raise commercial vehicle prices by up to 1.5% from April 1

Tata Motors on Monday said it will increase the prices of its commercial vehicle range by up to 1.5 per cent from April 1. The price increase is being undertaken to partially offset the impact of rising commodity prices and other input costs, the company said in a regulatory filing. The increase will vary, depending on the model and variant, it added. Part of the USD 180 billion Tata Group, Tata Motors is India's largest manufacturer of utility vehicles, pick-ups, trucks, and buses. Tata Motors shares on Monday ended 2.82 per cent up at Rs 437.75 apiece on BSE.

Atlys raises $36 mn to expand visa platform globally, invest in AI tools

Susquehanna Asia VC leads Series C round as Atlys expands globally and invests in AI tools to streamline visa applications and build infrastructure for cross-border travel

JSW Steel unit eyes debut $1 billion short-term debt issue, says report

The company has invited bids for both the issues on Wednesday and has hired a few foreign banks to act as arrangers, they added

BenQ eyes 50% growth in India in 2026, to expand local manufacturing

Taiwan-based display solutions provider Benq is looking for a 50 per cent growth in its topline in 2026, driven by a high double-digit increase in its monitor and interactive flat panel business here, said its India and South Asia Managing Director Rajeev Singh. Benq, which will complete its 25 years in India in 2026, expects to cross Rs 1,000 crore sales as the company is quite encouraged by the opportunities coming from the educational institutions from both government and private institutions. Besides, BenQ will also encourage 'Make in India' by increasing the number of models with locally-manufactured interactive flat panel through its local OEM partners. It will also start local manufacturing of monitors. "So, at the same time, we have increased the number of models of interactive flat panels that we are manufacturing in India. We have also added a monitor for the 'Make in India' product line. We will be starting our local production for Make in India from next month, April ...

BAMUL chief slams Flipkart over Re 1 milk sale, flags impact on farmers

Bangalore Milk Union Ltd president D K Suresh on Saturday claimed that e-commerce giant Flipkart is selling milk for Re 1 through "investor-funded discount campaigns", accusing it of undermining the dignity of farmers and the cooperative movement built over decades. He has lodged a complaint against Flipkart before the Competition Commission of India (CCI) and also written an email to Prime Minister Narendra Modi seeking investigation into "predatory pricing" of milk by the quick commerce platform and its impact on dairy farmers and cooperative institutions. However, Flipkart said in a statement that it periodically runs limited promotional campaigns on select products available on the platform, often in partnership with banking partners, to enhance customer value. "Prices of products on the Flipkart marketplace are determined by individual sellers. All dairy partners and sellers continue to receive their full agreed price for the products they supply, and farmer procurement prices

IndiGo suspends flights to 7 West Asia destinations till March 28

IndiGo will suspend planned flights to seven destinations in the Middle East, including Doha, Kuwait and Sharjah, till March 28 amid conflict in the region. The decision is part of the airline making adjustments to its operations to the Middle East, wherein it would be operating 252 weekly flights to and from the region during the period from March 16 to 28. In a statement on Saturday, the airline said it would continue to monitor the situation given the ongoing geopolitical risk, airspace restrictions, airport constraints, consistently rising fuel and insurance costs, and other uncertainties. According to the statement, the airline is aligning capacity with the current conditions while maintaining essential connectivity. "As part of these necessary network adjustments, planned operations to Doha, Kuwait, Bahrain, Dammam, Fujairah, Ras Al Khaimah and Sharjah will remain suspended till 28 March 2026," it said. The conflict involving the US, Israel and Iran that started on February

Tamil Nadu govt to invest ₹25 crore in space startup Agnikul Cosmos

The Tamil Nadu Industrial Development Corporation (TIDCO) will invest Rs 25 crore in Chennai-based Agnikul Cosmos under the TIDCO Startup Investment Policy 2025. Established in 1965, TIDCO is a premier industrial development agency of the Tamil Nadu government, and undertakes joint ventures and facilitates big industrial and infrastructure projects in the state. The latest investment would help accelerate Agnikul's operational readiness, supporting the scaling of its aerospace manufacturing capabilities, advancing its stage recovery program, and strengthening the development of its integrated space campus on the 300 acres allocated by the Tamil Nadu government near Kulasekharapatnam. In a statement, Moin SPM, co-founder and COO of the company, said, "This investment from the state government is a strong motivation for all of us to build and give back to the local community." Agnikul is currently scaling its first orbital launch with Agnibaan, a small satellite launch vehicle capabl

Zydus drug Desidustat for renal anaemia gets regulatory nod in China

Zydus Lifesciences on Saturday said its innovative drug has received approval from China's National Medical Products Administration (NMPA) for its drug Desidustat tablets used for treating renal anaemia. The company has licensed its Desidustat tablets to a subsidiary of China Medical System Holdings Ltd. CMS International Development and Management Ltd, a wholly-owned subsidiary of CMS, had obtained an exclusive license for the drug from Zydus in 2020. Desidustat tablets are administered orally for treating anaemia in Chronic Kidney Disease (CKD) patients. CKD involves the gradual loss of kidney function and eventually leads to kidney failure. "We are encouraged by the NMPA's approval for marketing the drug in China. Our life-changing discoveries are driven by a commitment to improving patient outcomes and enabling healthier, more fulfilled lives, globally," Zydus Lifesciences MD Sharvil P Patel said in a statement. The company is happy to partner with CMS and is confident that th

Brigade Group enters industrial realty with 25-acre park in Bengaluru

Realty firm Brigade Enterprises Ltd will develop a 25-acre industrial park in Bengaluru to meet rising demand. In a regulatory filing, Bengaluru-based Brigade said it has forayed into industrial real estate, with the launch of 'Brigade Industrial Park', a 25-acre industrial development in Devanahalli, North Bengaluru. The park would offer around 2 million square feet of leasable space and will cater to the high-growth industrial sectors of the region, including aerospace and defence, IT/ITES, and data centres. The company did not disclose the investment to build this park. In a separate filing, Brigade said its group company BuzzWorks, which provides managed office space, has leased 550 seats in Hyderabad to Dublin-based MyComplianceOffice (MCO), a global regulatory technology (RegTech) and compliance technology company. With this signing, BuzzWorks' total leased office space in Hyderabad currently stands at 1.1 lakh sq ft. Established in 1986, Brigade Group is one of the leading

VA TECH WABAG wins ₹1,000 crore ADB-funded Chennai water grid project

Water technology company VA TECH WABAG on Saturday said it secured an Asian Development Bank (ADB)- funded order worth Rs 1,000 crore from the Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB). The order is to develop a looped transmission network under the Chennai Climate Resilient Water Security and Sewerage Project (CCRWSSP) for Greater Chennai City. The ADB-funded project will establish a city-wide water grid platform for Chennai, enabling flexible water routing, improved pressure management, and greater operational reliability under both normal and emergency conditions, WABAG said in a statement. "This Rs 1,000 crore project marks an important step towards building a resilient and future-ready water infrastructure for Chennai. The development of a citywide water grid will significantly enhance the city's supply reliability, operational flexibility, and climate resilience," WABAG Chief Executive Officer - India Cluster, Shailesh Kumar said. The project will be ...

Hettich opens new Indore plant; eyes India as key global manufacturing hub

German furniture fittings maker Hettich has inaugurated its new manufacturing facility in Indore, Madhya Pradesh, eying to position India as a key global manufacturing hub. This is Hettich's first dedicated undermount drawer runner manufacturing facility in India and forms part of the company's overall investment of approximately Rs 2,000 crore in the country, the company said in a statement. The new 25,700 sq. metre automated plant, located within Hettich's 103,039 sq. metre Indore facility, reinforces its long-standing commitment to the country, brings German engineering to India while expanding jobs, exports and local manufacturing capabilities, the statement added. "Hettich's hinge manufacturing unit at the Indore facility has an annual production capacity of approximately 60 million hinges. With the addition of the new Quadro plant, the facility will further produce around 5 million units of undermount drawer runners annually, significantly strengthening Hettich's manufacturing

Consumer panel orders Axis Bank to pay ₹3.19 cr in demonetisation case

The National Consumer Disputes Redressal Commission (NCDRC) has directed Axis Bank to pay Rs 3.19 crore to a Delhi-based logistics company, holding the bank guilty of "deficiency in service" for refusing to accept demonetised currency notes for deposit during the 2016 demonetisation window. The commission, comprising presiding member AVM J Rajendra and judicial member Anoop Kumar Mendiratta, was hearing an appeal filed by Procure Logistics Services Pvt Ltd against the Axis Bank. In an order dated March 10, the commission said, "The bank clearly failed by repeatedly disallowing the complainant to deposit the notified cash into its own KYC-compliant account, despite multiple requests and persisted with this till the entire timeline lapses." It was alleged that the bank refused to accept the notes during the limited period allowed after the government announced demonetisation on November 8, 2016. The commission noted that nothing prevented the bank from accepting the cash and reportin

Lanka IOC assures Sri Lanka fuel supply security amid West Asia crisis

A top official of the Lanka Indian Oil Corporation, the company's Sri Lanka operation, on Saturday assured continued fuel supplies amid the ongoing conflict in West Asia. The statement from Lanka Indian Oil Corporation (LIOC) comes after Sri Lanka's foreign minister, Vijitha Herath, expressed confidence that the request to his Indian counterpart, Dr S. Jaishankar, would help sustain island nations' energy supply chain. Herath discussed the matter with Jaishankar during his official visit to India on March 6. Addressing a gathering of management students here on Saturday, K Raghu, the managing director of LIOC, said,"As the Managing Director of Lanka IOC, I only want to tell the people that you are all in safe hands." "We will maintain the fuel line and provide energy security to the country, which is very important," Raghu added. "I will not say the situation is very rosy, but I will definitely assure you that you are all in safe hands, he said, adding that the companies and the .

India is the second-largest market for Hittech: Chairman Andreas Hettich

German furniture fittings major says India has overtaken China and the US to become its second-largest market as it expands manufacturing and targets double-digit growth

HCLTech Chennai employees asked to work from home amid LPG crisis

IT services firm allows employees at its Chennai centre to work from home as LPG shortages disrupt canteen operations; some peers also see limited food services

GenAI courses see fastest traction in India: Coursera CTO Furniturewala

There are roughly 4 mn enrolments from India in AI and Gen-AI courses on Coursera, he said, adding that this pace of upskilling and reskilling was necessary to unlock a $1.7 trn economic opportunity

CARS24 acquires Vehicle Info to build full-stack vehicle ownership platform

Acquisition of automotive utility app Vehicle Info will help CARS24 expand beyond buying and selling vehicles to build a platform offering services across the entire ownership lifecycle

Brookfield REIT plans ₹4,000 cr QIP to pare debt, fund future opportunities

Wholly owned subsidiary Ecoworld's Rs 1,125 cr fund raise also approved

SC ruling on Vinp Distilleries restores parity in ethanol procurement: ISMA

The dispute arose after Vinp approached the High Court seeking higher allocation under its long-term offtake agreement (LTOA) in the OMC tender for the 2025-26 ethanol supply year