Page 6 - Company News

Fino's SFB transition unlikely to be hit by CEO's arrest: Experts

Fino is the first and the only payments bank so far to apply for conversion into an SFB

Groww builds AI-powered platform across trading, wealth and fixed income

The firm outlined its next phase of growth centred on building "responsible intelligence" for every kind of investor

Vishal Mega Mart promoter entity sells 14% stake for ₹7,635 crore

Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for Rs 7,635 crore through open market transactions. Samayat Services LLP is a special-purpose vehicle owned by private equity firm Kedaara Capital and Switzerland-based Partners Group. According to the bulk deal data on the National Stock Exchange (NSE), Samayat Services LLP sold a total of 65.25 crore equity shares in two tranches, representing a 13.96 per cent stake, in Gurugram-based Vishal Mega Mart. The shares were offloaded in the price range of Rs 117-117.03 apiece, taking the combined transaction value to Rs 7,635.55 crore. Following the stake sale, Samayat Services LLP's holding in Vishal Mega Mart (VMM) declined to 40.13 per cent, from 54.09 per cent. Meanwhile, HDFC Mutual Fund (MF), the Singapore government and the Monetary Authority of Singapore have collectively bought shares of the supermarket chain. The Singapore .

NTPC pays power ministry ₹2,666.58 crore as second dividend for FY26

State-owned electricity generator NTPC on Friday said it has paid the power ministry Rs 2,666.58 crore in second interim dividend for FY26. A ceremonial cheque was handed over to Minister of Power Manohar Lal by company officials on February 25, NTPC said in a statement. "NTPC Ltd paid the second interim dividend of Rs 2,666.58 crore on 25th February 2026 for the financial year 2025-26, being 27.50 per cent of the paid-up equity share capital of the company," it said. This is the 33rd consecutive year that NTPC Ltd has paid a dividend. NTPC is India's largest power generation company, catering to the country's one-fourth of electricity demand. The company operates more than 87 GW of installed capacity, with another 32 GW under construction.

OpenAI raises $110 billion with investments from Amazon, Nvidia, SoftBank

Amazon will start with an initial $15 billion investment, followed by another $35 billion in the coming months when certain conditions are met

Mahindra group to bring new products for all cropping cycles

Mahindra Group on Friday said that it is committed to bringing new products for all cropping cycles to enable farm mechanisation in the country. It also said that the rotavator remains a big area of focus for the company and the ultimate goal was to increase the market share in this segment. Earlier, Mahindra & Mahindra announced the launch of its new rotavator series. Featuring a new look and a wider mast design, the new Mahindra Rotavator series will be available under the heavy-duty rotavator category - Mahavator & Mahavator HD, spanning 4 to 9 feet. A rotavator or a rotary tiller is usually attached to tractor and designed to prepare soil for planting by breaking up and aerating the earth for preparing soil for planting by breaking up and aerating the earth. "Farm mechanization is crucial to farm productivity and rotavators play a crucial role in efficiently preparing farmlands. We are very committed to bringing new products all along the cropping cycle to enable ...

Apple likely to produce 30% of iPhones in India in a few years

Government expects Apple to shift 30% of global iPhone production to India, unfazed by US Supreme Court ruling that removes China's tariff disadvantage

Royal Orchid Hotels open to global tieups adding to shareholder value

Royal Orchid Hotels Limited plans to expand to 250 hotels and 20,000 keys by 2030, remaining open to global partnerships and selective private equity while pursuing an asset-light growth strategy

Axis Bank seeks RBI nod to retain maximum possible equity in subsidiary

The bank will look to dilute a minimal stake in the wholly owned NBFC now that norms on overlapping business have been relaxed by the central bank

Jio Financial Services infuses ₹2,000 crore into subsidiary Jio Credit Ltd

Jio Financial Services Ltd (JFSL) on Thursday said it has infused Rs 2,000 crore in its subsidiary Jio Credit Ltd to fund its business growth. The company has subscribed to and has been allotted 3,35,71,923 equity shares of Rs 10 each of Jio Credit Ltd, a wholly-owned subsidiary (non-banking financial company), for cash at a premium of Rs 585.70 per equity share, aggregating Rs 1,999.88 crore, JFSL said in a statement. JCL will utilise the amount to fund its business operations, it said. Last month, JFSL reported a 9 per cent drop in consolidated profit at Rs 269 crore in the third quarter ended December 2025. The company earned a consolidated net profit of Rs 295 crore in the same quarter of the previous fiscal. However, the company's consolidated net profit stood at Rs 695 crore in the second quarter of the current fiscal. Total income nearly doubled to Rs 901 crore, from Rs 449 crore in the third quarter of the previous fiscal.

ASGN names Sangita Singh president for India, international operations

ASGN, soon to be renamed Everforth, has appointed Sangita Singh as president for India and international markets to strengthen offshore delivery and drive its global growth strategy

Citizen-level AI adoption to lift Indian innovation ecosystem: Uniphore CEO

Uniphore chief executive Umesh Sachdev says India can become a global AI adoption hub as enterprise usage scales, even as the US leads in capital access and technology maturity

Sedemac targets global markets as ISG tech gains traction with Indian OEMs

Pune-based Sedemac is engaging global OEMs to export its proprietary ISG technology, even as TVS, Bajaj and Hero scale domestic deployment ahead of the firm's March 2026 IPO

Gushwork AI secures ₹81 crore funding led by Susquehanna Asia VC

AI start-up Gushwork has raised USD 9 million, about Rs 81 crore, in a funding round led by Susquehanna Asia VC and plans to invest in product development, hiring talents and customer acquisition, a top company official said on Thursday. Venture capital Lightspeed and B Capital also participated in the funding round. "We have raised USD 9 million primarily to invest in developing the AI stack. We are using several AI models. On top of that, we have worked on our own models as well. To improve the accuracy of the models, we have to invest a lot of money in hiring engineers, hiring product managers. "On top of that, we have to acquire customers as well, said Nayrhit Bhattacharya, CEO and Co-founder, Gushwork AI said. Gushwork builds agentic AI with focus on autonomous marketing agents to increase visibility for businesses on AI Search engines like ChatGPT, Gemini, Claude and Perplexity as buyer behaviour has fundamentally shifted toward AI-powered search. The company has a team of .

Tattvam AI raises $1.7 million to speed up semiconductor chip design

Seedcamp-backed Tattvam AI is building a reasoning-driven AI system to automate complex semiconductor design tasks, aiming to compress multi-year development cycles into weeks

Billion-dollar AI bets shape IT narrative, says LTM executive Krishnan Iyer

Mission-critical ops remain under human oversight, says growth chief Krishnan Iyer

India plays central role in our international strategy: Wyndham Hotels

The chain is progressing towards the 100-hotel milestone in the country, with over 50 hotels in the pipeline across various stages of development

Vedanta to tap debt market for second time in FY25 with ₹30 bn bond sale

Last June, ​the company raised an aggregate of 50 billion rupees through a ‌combination of two-year papers, 30-month bonds and three-year bonds

"Platforms that combine scale with sustainable unit economics will win"

Kapil Thirani, vice president for Shopsy and Flipkart Marketplace, shares insights about Flipkart's zero-commission push to capture India's value-conscious Gen Z and first-time rural shoppers

MakeMyTrip gross corporate travel bookings cross $1 billion in 2025

Nasdaq-listed MakeMyTrip on Tuesday said its gross bookings from the corporate travel segment crossed USD 1 billion in 2025, serving a base of more than 40 lakh employees. The Gurugram-headquartered firm said gross bookings across corporate platforms - Quest2Travel, MyBiz, and Happay, breached the USD 1 billion mark, emerging as one of its growth drivers and now contributing over 10 per cent to the overall bookings. MakeMyTrip has a client base of 500 large enterprises, including 150 of the top BSE 500 listed companies and 75,000 SMEs nationwide. Rajesh Magow, co-founder and Group CEO of MakeMyTrip, said, "Our Corporate Travel Business is relatively much younger than our B2C business, but has scaled up quite rapidly in a short span of about 5 years". Looking ahead, MakeMyTrip said it is working to expand more services like forex and visa support to further strengthen its value proposition for corporate international travellers.