Page 35 - Company News

Wealthy secures ₹130 cr in funding led by Bertelsmann India Investments

The Series B round led by Bertelsmann India Investments will help expand Wealthy's AI platform and support MFDs who still rely heavily on manual processes

Amusement parks set to woo guests with concerts and food festivals

Amusement parks in India are refreshing themes, adding immersive rides, and expanding non-ride activities - from food festivals to concerts

As the world turns its back on fossil fuels, Coal India faces a reckoning

India's largest supplier of coal is pivoting to boost its renewable energy output. It will need to cut its operating costs first, and increase coal output to keep the numbers up

US judgment against Byju Raveendran faces steep barriers in India

Default $1.07 bn ruling by Delaware court lacks automatic recognition under Indian law: Legal experts

Too early to gauge impact of consumption push, says Starbucks India

Tata Starbucks says macro softness still weighs on sales, even as the chain expands its footprint and reassesses its 1,000-store target amid real estate and market constraints

Strong guidance positive for Shriram Finance on robust Q2 performance

Shriram Finance delivered a better-than-expected Q2FY26, with stronger margins, stable credit costs, and improving vehicle and MSME trends, supporting a confident outlook for the rest of the year

Ather rolls out Rizta scooter in Sri Lanka, accelerates global push

Launch with local distributor marks Ather's latest step in its international expansion

UBL finalises lease registration for brewery in UP, invests ₹750 crore

This expansion will be financed through debt and equity, it said in its exchange filing

Toyota Kirloskar, Maharashtra to set up 45 ITI automotive training labs

Toyota Kirloskar Motor and Maharashtra's Directorate of Vocational Education and Training (DVET) on Thursday signed an agreement to establish well-equipped laboratories in 45 Industrial Training Institutes (ITIs) across the state to strengthen automotive skills training. The agreement was signed by Toyota Kirloskar Motor senior vice-president Vikram Gulati and DVET director Madhavi Sardeshmukh at Mantralaya (state secretariat) in the presence of Skill Development Minister Mangal Prabhat Lodha. Speaking on the occasion, Lodha said the agreement would enhance training quality and create employment opportunities for students. "This partnership will offer world-class training and open global job prospects for our youth," he said. As part of the agreement, Toyota Kirloskar Motor will set up advanced laboratories for Light Motor Vehicle (LMV) technician courses in 45 ITIs and train instructors appointed to these facilities. The initiative is expected to benefit around 8,000 ITI students

CoC approves JSW Energy's resolution plan for Raigarh Champa Rail Infra

JSW Energy has secured the approval of the creditors of Raigarh Champa Rail Infrastructure for its proposal to acquire the debt-laden entity currently under the insolvency process. JSW Energy acquired KSK Mahanadi Power Company Ltd (KMPCL), a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process, in March this year. After the KMPCL acquisition, JSW Energy held significant indirect ownership in Raigarh Champa Rail Infrastructure Private Limited (RCRIPL), which is the sole provider of rail infrastructure for coal transportation services to KMPCL. In an exchange filing on Thursday, JSW Energy said, "We wish to inform that the resolution plan submitted by the company for RCRIPL under the corporate insolvency resolution process has been approved by the Committee of Creditors". JSW Energy said it received a Letter of Intent from the Resolution Professional on Wednesday. The closure of the transaction will be subject to the receipt of approval f

Kyndryl renews pact with Vodafone Idea to upgrade IT and cybersecurity

US-based IT firm Kyndryl on Thursday announced a three-year partnership renewal with Vodafone Idea (Vi) to transform the telecom operator's IT operations and provide a unified and integrated cyber resilience framework. Kyndryl will develop and implement a cyber resilience framework centred on security governance, zero-touch services, data protection, identity and access management, security operations, and incident recovery. The company will also revamp Vi's cybersecurity architecture to improve compliance with upcoming regulatory requirements, the company said in a statement. Further, Kyndryl will deploy a next-generation IT operations delivery model based on advanced automation and data-driven insights, alongside driving large transformation projects in backup, storage management and continuous data protection (CDP) to provide the telco with enhanced operational agility and reduce costs. Vodafone Idea will continue to use Kyndryl Bridge, an AI-driven integration platform, to boos

Unilever considers sale of British brands Marmite, Bovril, Colman's: Report

The London-listed company is considering shedding the century-old, yeast-based spread Marmite brand, the people said

Ultrahuman raises ₹100 crore in venture debt to fuel market expansion

The Bengaluru health-tech firm plans to use the Alteria Capital financing to scale its wearable ecosystem, deepen product innovation and expand sports and research partnerships

KKR aims to raise $15 billion in new Asia private equity fund: Report

KKR started marketing the fund to investors this week, said the sources, who all declined to be named as the information was confidential

Ashok Leyland gears up to roll out new range of heavy-duty diesel trucks

Hinduja group flagship Ashok Leyland is gearing up to expand its diesel truck range as it remains optimistic for industry growth in the rest of the fiscal, according to company's MD and CEO Shenu Agarwal. He noted that the commercial vehicle major is working on improving its R&D resources to help it reduce the time to market and respond quickly to the changing market and regulatory requirements. Within the diesel range, we are preparing to soon launch a completely new range of heavy-duty trucks with power ratings of 320 and 360 horsepower. These new trucks are built with next-level of heavy-duty aggregates, delivering unmatched reliability, Agarwal said in an analyst call. These products would be fitted with six-cylinder engines, delivering highest peak torque in the respective segments, enabling customers best-in-class turnaround time and therefore more earnings per month, he added. Agarwal stated that the company's non-diesel portfolio is continuously expanding, with two models .

JSW MG Windsor EV crosses 50,000 sales in under 400 days of launch

MG's Windsor EV has crossed 50,000 sales in just over 13 months, becoming India's fastest four-wheeler EV to reach the milestone and sharply lifting the company's electric vehicle market share

HDFC Bank tops India's most valued brands for 2025, overtaking TCS

Zomato emerges fastest-rising brand for second year in a row

Stan secures investment from Sony Innovation Fund in Series A round

Social gaming platform Stan has added Sony Innovation Fund to its Series A round, taking total fundraising to $10.5 million as it ramps up AI-led personalisation, creator tools and global expansion

Reliance Consumer Products debuts Waggies in India's pet-care space

Reliance Consumer Products has forayed into the pet-care market with Waggies, an affordable nutrition-focused brand that includes trial packs aimed at attracting first-time consumers

SC may send Adani Krishnapatnam Port's plea on environmental penalty to NGT

SC may refer Adani Krishnapatnam Port's challenge against an NGT environmental penalty back to the tribunal, as the company claims it wasn't granted a proper hearing