Page 33 - Company News

Birla Estates partners Sikka Group to co-develop ₹1,600 cr Noida project

Birla Estates has tied up with Sikka Group to co-develop a ₹1,600-crore Greater Noida housing project, leveraging new revival policies that allow creditworthy developers to take over stalled projects

RBI approves Vikram Sahu as CEO of Bank of America in India: Internal memo

Sahu will report to Jin Su, president of Asia Pacific, Bank of America

Ducati brings its watch collection to India with Titan, prices from ₹16K

Ducati Watches have launched in India with Titan, priced at Rs 16,000-25,000 across 43 SKUs. Titan aims to scale distribution from 250-300 outlets in four months to 1,000 outlets in 18 months

Corona Remedies bets on female hormone complex generics ahead of IPO

Corona Remedies is pushing into female hormone complex generics to expand beyond India, as its Rs 655.3-crore OFS IPO opens December 8, with a new hormone plant and a stake in La Chandra Pharma Labs

Cipla, Stempeutics launch stem cell therapy for knee osteoarthritis

Approved by the Drug Controller General of India (DCGI), the treatment offers to slow disease progression and promote cartilage maintenance for patients with Grade II and III knee OA

SMFG India Credit Company posts steady business growth in September quarter

The latest quarterly update highlights shifts in operating performance and other key financial metrics

Suchi Semicon to begin supply of automotive, power chips next year

Suchi Semicon will start packaging QFN and power semiconductor chips at its Surat OSAT plant, with supplies beginning in January 2026, as it scales output and pursues incentives under India's ISM plan

Pernod Ricard India expects double-digit growth, backed by new launches

Pernod Ricard India expects low double-digit growth over the next five years, supported by the Imperial Blue divestment and new launches such as Seagram's Xclamat!on, CEO Jean Touboul said

Centre appoints LIC CFO Ramakrishnan Chander as managing director

The Centre has appointed LIC's executive director and chief financial officer Ramakrishnan Chander as managing director from December 1, with his tenure running till September 2027

Abakkus Mutual Fund to debut with flexi-cap scheme launch on December 8

New entrant Abakkus Mutual Fund will launch its first equity scheme, Abakkus FlexiCap Fund, on December 8, with Sanjay Doshi as fund manager and Sunil Singhania in an oversight role

Equitas Small Finance Bank looking to offload ₹352 bad loans to ARCs

The bank plans to sell ₹308 crore of stressed loans comprising 9,194 accounts on a cash or cash-and-security-receipts basis

Finfactor raises $15 million in Series A, led by WestBridge Capital

Funds will boost analytics, product development, and support Finvu Account Aggregator's growth in lending and wealth management

HUL names Vandana Suri executive director for home care from 1 January

Hindustan Unilever has named Vandana Suri to its management committee as executive director for home care, succeeding Srinandan Sundaram, who will become CEO of Unilever International from 1 January

Bandhan Bank's ₹7,000 crore MFI portfolio sale evokes interest from ARCs

At right price, ARCs are eager to acquire the portfolio

Agentic AI critical for growth trajectory, says Salesforce South Asia CEO

Arundhati Bhattacharya, president and CEO, Salesforce South Asia, says agentic AI is crucial for India's growth, boosting productivity, digital transformation, and workforce upskilling across sectors

Shapoorji Pallonji Finance eyes bonds to raise funds in early FY27

Shapoorji Pallonji Finance plans to tap the bond market in early FY27 but says high borrowing costs make a rating upgrade essential

Mindspace Reit acquires three premium office assets for ₹2,916 crore

The board of the manager of the Reit has approved the acquisition and also a preferential issue of units aggregating up to ₹1,820 crore

Decathlon India eyes 10-city qcom push, aims to double market share by 2030

Decathlon India is set to scale its Q-com offering to 10 more cities after successful pilots, while expanding large experience-led stores and targeting a doubling of its market share

Arnifi expands India footprint with new Bengaluru office, plans to hire 100

Dubai-based entity setup and management platform Arnifi has launched its new office in India at Bangalore and looks to hire 100 people, its founder Manu Midha said. This new setup, located in Bangalore, marks a major expansion of its presence in India, the founder said. The company announces plans to hire over 100 people and invest in technology and talent capabilities, Midha said. Arnifi India aims to support more companies looking to invest and set up their entities in overseas markets, Midha said, adding that so far, more than 500 companies have set up businesses in global markets through Arnifi. Many of them export services and products overseas, thereby generating the much-needed foreign exchange inflows into the country. Last week, UAE Ambassador to India Abdulnasser Alshaali had said that the India-UAE Startup Series, launched in June this year, was turning economic diplomacy into a real-world opportunity, with the largest start-up initiative attracting more than 10,000 ...

Motilal Oswal Alternates plans maiden private credit fund worth ₹3,000 cr

Motilal Oswal Alternates, the alternative investment platform of financial services group Motilal Oswal, on Thursday said it is entering into private credit space, with a new fund that targets to mobilise Rs 3,000 crore. This marks the group's entry into the country's fast-growing private credit market with a differentiated multi-pronged investment strategy, at a time when India's credit landscape is undergoing a structural shift. In a statement, Motilal Oswal Alternates said it has initiated regulatory processes to launch its private credit arm. "The maiden fund proposes to raise Rs 3,000 crore, including the green shoe option of Rs 1,500 crore," it added. The proposed fund looks to invest in growth capital and special situation-oriented transactions. Motilal Oswal Alternates has raised over Rs 23,000 crore across 11 private equity and real estate strategies and is poised to exceed USD 3.5 billion in assets under management over the next year with the addition of the private cred