Page 4 - Company News

Yulu hits 1 bn km milestone in Bengaluru, deepens last-mile EV dominance

Shared EV operator expands last-mile dominance with 190 million deliveries and lower emissions, as it targets fleet growth and deeper penetration across Bengaluru

Too early to gauge war impact on EV demand: VinFast India CEO Tapan Ghosh

VinFast on Wednesday launched the VF MPV 7, a premium electric seven-seater designed for families

TCS slows dividend tap to fund AI push, cuts payouts for second year

The company cut dividend payout and increases retained earnings as it seeks to make new investments in AI space and data centres

Databricks targets $1 billion revenue in India: Kamalkanth Tummala

Tummala, who joined last year from Salesforce, explained Databricks has done "exceptionally well" for any new company in India when it comes to engineering

Applied Materials bets on India as critical hub for R&D, innovation push

Avi Avula says India can lead global innovation by linking chip design, prototyping and manufacturing, as applied materials deepens R&D investment and ecosystem partnerships

ED arrests ex-ADAG executive Amitabh Jhunjhunwala in loan fraud case

The Enforcement Directorate on Wednesday arrested Amitabh Jhunjhunwala, a former senior executive of Anil Dhirubhai Ambani Group (ADAG), in an alleged bank loan fraud-linked money laundering case, officials said. Jhunjhunwala was taken into custody under the Prevention of Money Laundering Act (PMLA) after questioning. The agency has produced him before a court seeking his custody for detailed interrogation, they said. The probe pertains to an alleged bank loan fraud perpetrated through Anil Ambani group companies like Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Ltd (RHFL) using shell or dummy companies. Jhunjhunwala had been a director of Reliance Capital Ltd, the holding company of RHFL and RCFL, from March 2003-September 2019.

Jakson Group to set up 3 Gw solar wafer, ingot capacity by early 2028

Company to expand backward integration with ingot and wafer units, alongside a 6 Gw integrated solar facility in Madhya Pradesh, as it scales clean energy portfolio and new segments

GobbleCube secures $15 million to expand AI software for commerce

Funding will support product development, AI capabilities, and hiring as GobbleCube expands its presence across global digital marketplaces

Infosys signs Carlos Alcaraz as global ambassador, leverages AI for tennis

IT services company Infosys on Wednesday announced it has signed up seven-time Grand Slam Champion Carlos Alcaraz as its global brand ambassador. Further, Infosys - leveraging Infosys Topaz, an AI-first offering powered by generative and agentic AI technologies - will now work with Alcaraz and his coaching team to develop an AI-powered match analytics and a personalised performance application to aid match preparation and in-game strategy. Beyond the court, the partnership also extends to joint initiatives between Infosys and the Carlos Alcaraz Foundation, to leverage technology to drive social impact, focusing on tech-for-good initiatives. Overall, Infosys said, the collaboration is a convergence of excellence - the relentlessness and grit of a champion combined with the consistency and AI-powered innovation of an enterprise technology leader - celebrating the champion mindset across tennis and global businesses. "Infosys...today announced a multi-year partnership with the younges

Flipkart, Uber tie up to offer SuperCoins rewards on rides to boost loyalty

Users can earn SuperCoins on Uber rides by linking Flipkart accounts, as both platforms expand loyalty programmes into everyday services such as mobility and travel

CoRover claims 1.8 billion users globally as it expands agentic AI platform

Indian startup bets on agentic AI for governments and enterprises as adoption scales across sectors, driven by multilingual capabilities, high-volume interactions, and sovereign AI infrastructure

Paytm becomes majority Indian-owned as domestic stake rises to 50.3%

One 97 Communications Ltd, which operates the Paytm brand, has become a majority Indian-owned and controlled company after domestic investors increased their stake to 50.3 per cent as of March-end 2026. The shift marks a structural change in ownership for the fintech firm, with domestic shareholding rising steadily in recent quarters, reflecting growing investor confidence. Domestic institutional investors raised their stake to a record 23.1 per cent in the March quarter, up 2.8 percentage points sequentially and 9.1 percentage points from a year earlier, according to regulatory filings. Mutual funds led the increase, with their holdings climbing to 16.6 per cent from 14.3 per cent in the previous quarter, while the number of funds investing in the company rose to 41 from 36, with entities, such as Motilal Oswal Mutual Fund, Mirae Asset and Bandhan Mutual Fund, continuing to expand their shareholding. Insurance companies also added to their positions, taking their combined stake to

ICICI Prudential Life net profit rises 58% in Q4FY26 on premium growth

ICICI Prudential Life Insurance reported a 58 per cent rise in Q4FY26 net profit to Rs 609 crore, supported by higher premium income and gains from sale of its subsidiary

Disney to cut 1,000 jobs in first layoffs under new CEO Josh D'Amaro

While the cuts are company wide, they will fall particularly hard on the marketing department, which is being consolidated under Asad Ayaz, who was appointed chief marketing and brand officer in Jan

PhysicsWallah set to acquire stake in test-prep platform Rojgar With Ankit

While the financial details are not known, according to sources the transaction is likely to be valued at around Rs 300-400 crore

Amazon to buy Globalstar in $11.57 bn deal to rival Musk's Starlink

Amazon has been working to ramp up its network by deploying about 3,200 satellites in Earth's low orbit by 2029, with roughly half required to be in place by a July 2026 regulatory deadline

Volkswagen bets on pricing, buyback as Taigun starts at ₹10.99 lakh

Volkswagen India launches updated Taigun at Rs 10.99 lakh, introduces a buyback programme and adds features to attract buyers amid rising competition in the compact SUV segment

Fitch upgrades Shriram Finance long term foreign currency ratings to BBB-

Fitch has upgraded Shriram Finance's long-term IDR to BBB- after MUFG Bank's 20 per cent stake acquisition, citing improved capitalisation, funding access and support outlook

Just Dial Q4 net profit falls 36.5% to ₹100 crore despite revenue growth

Search engine company Just Dial Ltd has reported a 36.54 per cent fall in its consolidated net profit at Rs 100 crore in the fourth quarter ended March 2026. It had a net profit of Rs 157.6 crore in the January-March quarter a year ago, Just Dial said in a regulatory filing on Monday. The company is controlled by Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani-led RIL. Just Dial's revenue from operations increased 6.23 per cent to Rs 307.24 crore in the March quarter. It was at Rs 289.2 crore in the corresponding quarter a year ago. In the latest fourth quarter, "Total traffic (unique visitors on website) stood at 182.4 million, down 4.7 per cent YoY and 1.2 per cent QoQ," said Just Dial in its earnings statement. Just Dial's 85.7 per cent traffic originated on mobile platforms, 11.5 per cent on desktop/PC and 2.8 per cent on our voice platform, it added. "Total active listings stood at 54.7 million as on March 31, 2026, an increase of 12.1 per cent YoY and

SharkNinja enters India, eyes local production under Make in India

US-based appliance maker SharkNinja has entered India with select products and plans local manufacturing, aiming to tap growing demand across online and offline channels