Page 37 - Company News

Union Bank of India cuts rates on select retail loans by up to 160 bps

Union Bank of India has reduced rates on select retail loans from December 18, cutting home loans by 30 bps, vehicle loans by 40 bps and personal loans by up to 160 bps

Tata Motors Finance settles Sebi matter for ₹32 lakh over NCD issue

Tata Motors Finance settled the Sebi matter for Rs 32 lakh over alleged violations tied to five Tier-II perpetual NCD issuances between 2019 and 2022

Bharat Biotech inks tech transfer pact with Biofabri for MTBVAC TB vaccine

Bharat Biotech has signed a technology transfer agreement with Spain's Biofabri to enable end-to-end manufacturing of MTBVAC, with a Phase 3 study in India expected to start recruitment in Q1 2026

'Abuse' of market dominance: CCI seeks info from aviation major IndiGo

Competition Commission has sought details from IndiGo after a consumer complaint alleged exploitative pricing following flight disruptions; CCI may examine Section 4 issues

Ambuja Cements approves merger of ACC and Orient Cement into parent entity

Ambuja Cements' board approved schemes to merge ACC and Orient Cement into Ambuja, setting share-swap ratios and targeting completion within 12 months to drive efficiencies and simplify structure

Paytm to enter Indonesia and Luxembourg; brings Alabbar SPV into UAE unit

Paytm is setting up wholly owned subsidiaries in Indonesia and Luxembourg and is restructuring its UAE unit by bringing in an SPV of Emaar founder Mohamed Alabbar as a 49% shareholder

MUFG Bank not keen on raising Shriram Finance stake beyond proposed 20%

MUFG Bank said it will not raise its stake above the proposed 20 per cent in Shriram Finance and has no plans to invest in other Shriram Group entities, even as SFL approved a $4.4 billion deal

Shapoorji Pallonji enters plotted development with ₹600 cr project in Pune

Shapoorji Pallonji Real Estate has launched Treetopia, a 105-acre plotted development in Pune with 483 residential plots and an estimated revenue potential of Rs 600 crore

Abundant intelligence, skilling to shape AI future: Microsoft India head

Unmetered intelligence, human-supervised 'digital colleagues' and continuous skilling as the key safeguard amid big shifts will shape an AI-rewired future, Puneet Chandok, President, Microsoft India and South Asia has said outlining his top predictions. Microsoft CEO Satya Nadella during his visit to India earlier this month had announced plans to invest USD 17.5 billion here to help build infrastructure and sovereign capabilities for the country's AI-first future - the bold commitment marking the tech giant's largest investment ever in Asia. Chandok said AI has moved beyond hype, delivering real impact today. "...the next phase will be defined by how responsibly, inclusively, and thoughtfully we scale it," Chandok told PTI. His headline predictions for the rearranging world and frontier AI include intelligence moving from being scarce to abundant, with compute increasingly translating directly into cognition for organisations, in an era of "unmetered intelligence". AI 'agents' wi

JM Financial AMC expands AIF platform with ₹1,000 crore real estate fund

JM Financial Asset Management Company is expanding its Alternative Investment Fund (AIF) platform with the launch of Rs 1,000 crore early-stage real estate fund to address the sector's financing gap. "Our objective is to build a comprehensive AIF ecosystem that supports India's next phase of enterprise growth. We are creating strategies that are thematic, real asset-?backed and focused on non-traditional opportunities," JM Financial Asset Management Ltd MD and CEO Amitabh Mohanty told PTI. The AIF platform will offer specialised pools of capital across credit, real estate and pre-IPO opportunities, he said. JM Financial has launched its early-stage real estate (RE) fund, which capitalises on the group's expertise and track record over more than a decade managing real estate credit, he said, adding that the fund aims to bridge the capital gap that traditional lenders are unable to address due to regulatory constraints. The fund aims to raise Rs 1,000 crore, with likely first close o

Cummins India sees strong opportunity from booming data centre market

Power solutions provider Cummins India has said it is seeing a "good opportunity" in data centre business, which is witnessing a significant boom driven AI adoption and data localisation. A part of the US-based Cummins Inc, Cummins India Ltd is involved in the power generation, aftermarket, and export businesses with five manufacturing plants, assembly, and distribution facilities. "Data centres have been a part of our portfolio for a while. We do see growth in data centres coming in India so we have an important role to play," Shveta Arya, Managing Director, Cummins India Ltd told PTI during an interaction. These centres require 99.99 per cent uptime for customers and they have different levels of providing backup power, she said. "They have their own prime power electricity that comes to the grid or a substation then they use gensets for backup, which is very important for their operations to run at a 99.99 per cent uptime. So, we definitely see a play and an opportunity for us a

Keystone Realtors to launch ₹3,000 crore ultra-luxury Mumbai project: CMD

Realty firm Keystone Realtors plans to launch a super luxury residential project in Mumbai next month with a revenue potential of about Rs 3,000 crore, a top company official said. Mumbai-based Keystone Realtors, which sells properties under Rustomjee brand, is one of the leading real estate developers in the country. In an interview with PTI, Keystone Realtors Chairman and Managing Director Boman Irani said the company is very bullish on housing demand and expressed confidence of easily achieving the sales bookings target of Rs 4,000 crore this fiscal year. The company has already sold properties worth Rs 1,839 crore in the first half of 2025-26, up 40 per cent annually. About new launches, Irani said the company is targeting to launch a super luxury residential project at Bandstand, Bandra, in Mumbai next month. "The gross development value (GDV) of this upcoming project will be around Rs 3,000 crore," he said. Irani said the company had given an annual guidance of launching Rs

Avendus Capital founders eye $35 million each after Mizuho Financial deal

The deal shows how finance founders in India are getting rich as the sector's rapid growth attracts a wave of mergers and stock listings

OpenAI talks funding at $750 bn valuation, could raise up to $100 bn

The ChatGPT maker could raise as much as $100 billion, the report said, citing people with knowledge of the discussions

IndiGo top brass to fan out across network with 'rebuilding' message

Before the crisis, the airline operated a total of 2,300 flights per day - about 2,000 domestic and about 300 international

Japan's Mitsubishi UFJ Financial Group looks to buy 20% in Shriram Finance

Shriram group may still stay promoter after $4 bn deal

NCLT approves first stage of Adani Harbour and Adani Ports merger

The companies had approached the tribunal under Sections 230 to 232 of the Companies Act, seeking approval at the initial stage of the merger, with July 1, 2025 proposed as the appointed date

Max to invest over ₹1K cr in 450-bed Pune hospital, eyes West India growth

This will be Max Healthcare's fourth facility in Maharashtra after the 350-bed Nanavati Max Hospital situated in Mumbai and 212-bed Alexis Hospital in Nagpur

Ola Electric promoter Aggarwal sells small stake to clear ₹260 cr loan

Transaction removes all promoter share pledges, company says control and strategy remain unchanged

Maruti Suzuki's WagonR crosses 3.5 million production milestone

The WagonR is currently manufactured at Maruti Suzuki's plants in Gurgaon and Manesar, Haryana