Page 7 - Company News

Vijay Shekhar Sharma-controlled Resilient may sell up to 4.98% Paytm stake

Netherlands-based Resilient Asset Management, fully owned by Paytm founder Vijay Shekhar Sharma, will sell up to 4.98% of the fintech firm's stake via a block trade.

HELM AG, Parijat Industries sign deal for agri-commerce, manufacturing

German chemical major HELM AG and agrochemical firm Parijat Industries (India) Ltd on Monday announced a wide-ranging strategic partnership covering digital commerce, branded crop protection products, technical manufacturing and international distribution. The collaboration will bring together HELM's global agri-input portfolio and technology platforms, including portfolio company PEAT GmbH, which runs the Plantix digital agriculture platform, with Parijat's manufacturing base, global distribution network and formulation capabilities, according to a statement. As part of the pact, Parijat will acquire a retailer-focused digital commerce platform along with its retailer database to strengthen procurement efficiency, market access and distribution reach. The company will also collaborate with the Plantix team to leverage its farmer connect and demand-generation capabilities, including exclusive direct-to-farmer marketing features. The deal further paves the way for a new brand line i

TCS launches AI agent platform; aims to transform drug development

TCS said its platform allows pharma firms to build and deploy customised AI agent hubs across workflows with minimal integration and implementation effort, while maintaining regulatory compliance.

Accel India IV offloads 2 crore Urban Company shares, cuts stake to 4.84%

Accel India IV (Mauritius) has offloaded a 1.3 per cent stake in home services platform Urban Company through an open market transaction. According to a regulatory filing with the stock exchanges, the Mauritius-based entity sold 2,00,00,000 (2 crore) equity shares of the company. Prior to the transaction, Accel held 9,47,13,868 shares, representing a 6.14 per cent stake in the firm. Following the sale, its shareholding has been reduced to 4.84 per cent, or 7,47,13,868 shares. The sale of shares was carried out on August 13, 2026, via the open market, the disclosure noted. The total equity share capital of Urban Company stands at 1,54,21,80,603 shares with a face value of Re 1 each.

Air India CEO-designate Gebremariam meets top executives during India visit

Tewolde Gebremariam, who is set to take over the reins of Air India next month, held meetings with senior airline executives this week during his first visit to India after being appointed as CEO and MD, according to officials. Gebremariam, an aviation industry veteran and former chief of Ethiopian Airlines Group, will take over from Campbell Wilson as the CEO and MD. The officials said Gebremariam visited the national capital and Mumbai and held meetings with senior executives of the airline and Tata Group. He will be taking charge of the Tata Group-owned airline at a time when it is working on ambitious expansion plans amid multiple external headwinds. On August 5, Air India announced the appointment of Gebremariam after a comprehensive search, overseen by a dedicated board committee. He comes with nearly four decades of experience at Ethiopian Airlines Group, including as its CEO for over 11 years. Currently, he is serving as a Senior Strategic Advisor to Delta Airlines, as wel

Dixon Tech issues $220 mn guarantee to Lenovo for Padget Electronics div

Electronic manufacturing services major Dixon Technologies (India) on Friday said it has issued a continuing and irrevocable corporate guarantee of USD 220 million (about Rs 2,101 crore) on behalf of its subsidiary, Padget Electronics, in favour of Lenovo Ireland International Ltd. The guarantee aims to ensure that Padget Electronics discharges all its payment obligations towards Lenovo Ireland for the purchase of raw materials, parts, and components required for manufacturing its products, the company said in a regulatory filing. "Dixon has agreed to provide a continuing and irrevocable Corporate Guarantee to Lenovo Ireland International Limited... for and on behalf of Padget up to an aggregate limit of USD 220,000,000," the filing stated. Padget Electronics is an unlisted material wholly owned subsidiary of Dixon Technologies. There is no immediate impact on Dixon, though the guarantee will be reflected as a contingent liability in the company's books. In December 2023, Padget w

Bagmane Prime Office Reit eyes nearly doubling portfolio over next 7-8 yrs

Blackstone-backed Reit sees growth supported by a 47.2 msf sponsor pipeline, low leverage and potential acquisitions across India's top six office markets

TCS & Rolls-Royce achieve milestone in hydrogen propulsion programme

The companies demonstrated the operation of a modern aero gas turbine across a fully simulated flight cycle using 100 per cent hydrogen, including take-off and landing

Kalpataru Projects International bags new orders worth ₹3526 crore

Kalpataru Projects International on Friday said the company has secured new orders worth Rs 3526 crore. The company said it has secured an EPC order for an industrial plant in India. Besides, it has bagged orders in transmission and distribution, and residential building segments in the domestic market. Manish Mohnot, MD & CEO, KPIL, said, "With these additions, our year-to-date order intake for FY27 has crossed Rs 11,000 crore, which will meaningfully contribute to our future growth." Kalpataru Projects International Ltd (KPIL) offers EPC solutions across diverse sectors, including power transmission and distribution, buildings and factories, water supply and treatment, railways, oil and gas infrastructure, urban mobility, highways and airports.

AMD plans to raise as much as $5 billion from debt offering: Report

The debt offering comes as AMD ramps up spending to meet surging demand for computing capacity driven by the AI boom.

Air India faces challenges; group plans to induct over 100 planes in 2 yrs

Air India is facing challenges due to external volatility but remains focused on the profitability path and plans to induct over 100 new planes over the next two years, its CEO Campbell Wilson said on Thursday. The loss-making airline has been facing multiple headwinds, and a leadership transition is happening, with former Ethiopian Airlines Group chief Tewolde Gebremariam set to take over as the CEO and MD from Wilson. During a townhall with staff, Wilson, who is likely to leave the airline next month, said the annual salary increments will come into effect from October 1. The recently revised pay structure for pilots will also be effective on the same date, according to sources. Earlier this year, the increment cycle was deferred by one quarter amid the West Asia turmoil significantly impacting flight operations and costs. Talking about the future trajectory, Wilson said the group expects to induct over 100 new planes in the next two years and that 16 Boeing 787-8 aircraft are t

Promoters pare stakes in UltraTech, Thyrocare through block deals

Pilani Investment sold a 0.85 per cent stake in UltraTech Cement for Rs 2,896.3 crore, while Thyrocare promoter Docon Technologies sold a 9.9 per cent stake.

Margin worries weigh on logistics major Delhivery's strong growth outlook

Though margins were hit in Q1, the company expects its key segments of express parcel and part-truckload, or PTL, to post margins in the 16-18 per cent range over the next two years.

Krafton India plans to diversify investments into AI startups, VC funds

The BGMI maker has invested close to $250 million in India over the past four to five years and plans to continue investing roughly $50-60 million in companies and funds.

Why Jio Credit is emerging as Bank of America's key India growth engine

Bank of America's $1.9 billion investment could fuel Jio Credit's growth for at least two years as the fast-growing NBFC expands into new areas of lending.

JSW Cement posts ₹161 crore Q1 profit as revenue rises nearly 22%

JSW Cement reported a net profit of Rs 160.64 crore in Q1 FY27 against a year-ago loss of Rs 1,356.17 crore, while revenue from operations rose 21.57 per cent YoY.

Maersk raises 2026 outlook again as Q2 profit surges to $3 billion

Maersk's second-quarter profit before interest, taxes, depreciation and amortisation stood at $3.0 ‌billion, well above a median forecast of $2.12 billion in a company-provided poll

Brigade Enterprises Q1 profit rises 33% on higher realisations, lower costs

Brigade Enterprises' average realisation rose 21 per cent YoY to Rs 14,256 per sq ft, while total expenses declined 17.75 per cent to Rs 936.51 crore in Q1 FY27.

Ride-hailing app Rapido gets Karnataka licence for cab services till 2031

Over the years, Rapido has built a presence across 21 cities in the state, supporting over 3.14 lakh captains and serving more than 2.04 crore registered customers.

Jubilant Foodworks Q1 net profit up 6% to ₹100 cr, revenue up 14%

Jubilant Foodworks Ltd (JFL), which operates fast-food chains Domino's Pizza and Popeyes, on Thursday reported an increase of 6 per cent in its consolidated net profit to Rs 100 crore for the June quarter of FY'27, on a year-on-year basis. The company had reported a net profit of Rs 94.33 crore for the April-June period a year ago, according to a regulatory filing by JFL, part of the Jubilant Bhartia Group. Revenue from the operation of JFL was up 14 per cent to Rs 2,569.65 crore in the June quarter of FY'27. It was Rs 2,252.18 crore in the corresponding quarter a year ago. Its EBITDA grew 10.2 per cent year-on-year to Rs 360 crore. "Domino's India delivered 6.5 per cent order growth and 2.5 per cent LFL growth despite cycling a strong 11.6 per cent LFL growth in the same quarter last year," it said. Domino's India's Revenue grew 7.4 per cent to Rs 1,764.6 crore in the June quarter. "The Domino's India store network reached 540 cities, while expanding to 19 new cities during the .