Page 43 - Company News

Devyani, Sapphire to merge and create single franchisee for Pizza Hut & KFC

Devyani International will absorb Sapphire Foods under a share-swap merger to create a single Yum! India franchisee for KFC and Pizza Hut

Bharti gained most among India's top biz groups in 2025; Tatas stay ahead

All three Bharti group companies out-performed in CY25 but the biggest gains came from their flagship Bharti Airtel

Coal India posts 4.6% output growth in December, but offtake drops 5.2%

Coal India on Thursday reported a 4.6 per cent year-on-year (y-o-y) growth in production and a 5.2 per cent fall in offtake in December. The miner, along with its eight subsidiaries, produced 75.7 million tonnes (MT) of coal in December 2025, higher than 72.4 MT in the same month in 2024. However, the offtake was at 64.9 MT in the month under review, lower than 68.5 MT in December 2024. Coal India's cumulative production fell by 2.6 per cent to 529.2 MT in April-December FY26 from 543.4 MT in the nine-month period of the preceding FY25. Offtake during the period also slipped 2.2 per cent to 544.7 MT from 557 MT in April-December 2024-25. Coal India, under the Ministry of Coal, is India's largest coal mining company.

Additional funding and relief key for Vodafone Idea to meet liabilities

On Wednesday, Vi's stock price had slipped 11 per cent, after hitting a 52-week high of ₹12.80 on December 31, 2025

Hyundai Motor India records 6.6% sales growth to 58,702 units in Dec

Hyundai Motor India Ltd on Thursday reported a 6.6 per cent year-on-year growth in total sales at 58,702 units in December 2025. This includes monthly domestic sales of 42,416 units and exports of 16,286 units, Hyundai Motor India Ltd (HMIL) said in a statement. "Driven by the positive momentum from GST 2.0 reforms, Hyundai Motor India recorded a robust 6.6 per cent year-on-year growth in total monthly sales for December 2025," HMIL Managing Director and CEO Tarun Garg said. The company delivered a 26.5 per cent year-on-year growth in export volume in December, he added.

Festive demand lifts Audi India's retail sales to 4,510 units in 2025

German luxury carmaker Audi on Thursday reported retail sales of 4,510 units in India in 2025. Healthy festive-season demand and growth in Audi Approved (pre-owned cars), SUVs and the performance and lifestyle car range, further supported by GST 2.0, provided a timely boost to customer confidence and the overall luxury car market, Audi India said in a statement. "While market dynamics presented inherent challenges, our performance underscored the fundamental strength of the Audi vision and the invaluable loyalty of our customer base," Audi India Brand Director Balbir Singh Dhillon said. On the road ahead, he said, "Stepping into 2026, our mandate is one of clear focus and intensified purpose. We are prepared to translate market challenges into sustainable momentum through innovative product launches, enhanced customer experience and initiatives prioritising people-centric growth".

Vodafone Idea to get five-year lifeline on AGR dues of ₹87.7K crore

Dues frozen as of December 31, 2025 will be reassessed under DoT's deduction verification process, with repayments proposed from FY32; Vi says it has received no communication

Eight more companies to get incentives under auto PLI from FY27: MHI

Eight more firms will start claiming auto PLI incentives from FY27, taking the total to 18, while the government moves to invoke guarantees of 10 firms for zero investment

Hyundai Motor India announces 0.6% price hike across models from Jan 1

Hyundai Motor India Ltd on Wednesday said it will increase prices by around 0.6 per cent across its model range, effective from January 1, 2026, citing a rise in the cost of precious metals and commodities. The company will implement a weighted-average price increase of around 0.6 per cent across its model range due to the rise in the cost of precious metals and commodities, Hyundai Motor India Ltd (HMIL) said in a regulatory filing. "While the company continuously strives to optimize costs and minimize the impact on its customers, the company is constrained to pass on some of the increased costs to the market through this minor price increase," it added. At present, the company sells a range of vehicles, from the hatchback i10 Nios to the electric SUV IONIQ 5, priced from Rs 5.47 lakh to over Rs 47 lakh (ex-showroom).

Reliance's AI manifesto eyes 10x boost in productivity for workforce

Mukesh Ambani has outlined a draft Reliance AI Manifesto to make the group AI-native, targeting 10x productivity for over 600,000 employees and a wider 10x impact on India

Tata Power commissions SJVN's 1 GW DCR solar project in Rajasthan

Tata Power Renewable Energy commissioned SJVN's 1 GW DCR-compliant solar project in Bikaner, Rajasthan, taking its utility-scale renewable capacity to 11.6 GW, it said

Auto PLI favours large original equipment makers, Ather tells PMO

According to Ather, the current scheme also has high eligibility thresholds and rigid requirements

Hyundai India enters commercial mobility segment amid rising competition

Hyundai Motor India has launched Prime HB and Prime SD taxi models with petrol and CNG options, aiming to diversify volumes as domestic competition heats up and rankings tighten

Sandhya Venugopal Sharma appointed Titan chairperson from January 4

Titan Company has appointed IAS officer Sandhya Venugopal Sharma as chairperson and additional director from January 4, following a nomination by co-promoter TIDCO

Intas, IntegriMedical sign pact to launch needle-free IVF injectors

Intas has signed an exclusive agreement with SII-backed IntegriMedical to deploy needle-free injection systems across IVF clinics, targeting an all-India rollout by Q1FY26.

MapmyIndia adds metro, rail and bus routing to Mappls app for commuters

MapmyIndia's Mappls has added metro, rail and bus routing to the Mappls app in select cities, letting users plan multimodal public transport trips alongside navigation features

Lupin signs exclusive India pact with Gan & Lee for fortnightly GLP-1 drug

Lupin has signed an exclusive licensing, supply and distribution deal with China's Gan & Lee for Bofanglutide, a fortnightly GLP-1 injectable for diabetes and weight management in India

Gaurs Group raises ₹440 crore via NCDs to fund realty, expansion plans

Delhi NCR-based Gaurs Group raised Rs 440 crore via NCDs subscribed by three mutual funds to fund land acquisition, project execution and refinancing, with debentures to list on NSE

Vipin Kapooria quits as Blinkit CFO over a year after joining firm

Vipin Kapooria has resigned as chief financial officer of Blinkit, a little over a year after joining the quick commerce platform, as competition in the segment intensifies

JNPA eyes Vadhvan port for next phase of growth as it nears 12 mn TEUs

While trade flows have been disrupted globally due to new tariff regimes announced by the US government, the impact on JNPA's cargo volumes has been limited