Page 21 - Company News

West Asia conflict sends Indian startups into wait-and-watch mode

Indian startups are turning cautious on expansion and investments in West Asia amid the ongoing conflict, with fintech and travel sectors seeing early stress while edtech remains relatively stable

Company, customers, and professionals can all win: Pronto's Anjali Sardana

Pronto's 23-year-old founder says daily bookings have grown 18-fold in seven months, as the startup targets 70,000 bookings a day by June

ReNew Energy set to secure $800 million refinancing loan this year

The five-year facility will be priced at about 185 basis points over the benchmark Secured Overnight Financing Rate, the people said. Final terms may change

BlackSoil Capital raises ₹200 crore from Danish DFI Impact Fund Denmark

Funds will support climate-aligned lending and expand credit access in Tier-II and Tier-III markets, with a focus on women-led businesses and underserved sectors

Licious focuses on micro-markets to scale growth, expand dark stores

Licious is focusing on micro-markets within cities to drive growth, planning to scale dark stores and deepen presence in high-demand neighbourhoods

Apple overshoots iPhone production target under PLI scheme by 80%

Based on preliminary estimates with the government, the production value in FY26 is estimated to hit ₹227,000 cr, which is an increase of more than 24% over the previous financial year's ₹183,000 cr

₹1.65 trillion investment seen in India's transmission infra: Godrej

India's transmission infrastructure may see Rs 1.65 lakh crore investments over three years, creating significant EPC opportunities across substations, railways and renewables

Maruti Suzuki gets ₹5,786 crore income tax order, says will appeal it

Maruti Suzuki India (MSI) on Tuesday said it has received a draft assessment order worth Rs 5,786.4 crore from the income tax authority and the company will challenge the order. "The company has received a Draft Assessment Order for FY 2022 23 wherein certain additions / disallowances amounting to Rs 57,864 million with respect to returned income has been proposed," the carmaker said in a BSE filing. MSI will file its objections before the dispute resolution panel, it stated. There is no impact on financial, operation or other activities of the company due to this order, it added. Maruti Suzuki shares settled at Rs 12,993.55 apiece, up 1.88 per cent on BSE.

Ather Energy doubles service network to 500 centres across India

Ather Energy expands its service network to 500 centres across India, nearly doubling capacity to support growing EV adoption and strengthen after-sales service infrastructure

Lupin, Zydus partner to co-market semaglutide injection in India

Lupin and Zydus Lifesciences enter a licensing pact to co-market semaglutide injection in India, aiming to improve access to therapies for diabetes and obesity

New Renault Duster launched in India; prices start at ₹10.49 lakh

Renault India launches the all-new Duster with turbo petrol and hybrid options, advanced features, and introductory pricing, targeting strong demand in the competitive SUV segment

Nebius signs AI infrastructure deals with Meta worth up to $27 bn

Nasdaq-listed Nebius shares, which closed at $112.50 on Friday, have risen 35 per cent so far this year, giving it a market capitalization of $28.6 billion

Foxconn forecasts strong revenue growth for 2026 even as profit lags

Foxconn's guidance for both first quarter and full year revenue are for "strong growth", the highest outlook it can give, as the company does not provide a numeric outlook

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