Company News

IIFL Finance shares jump despite ₹476 crore income tax demand notice

Lender says it has strong legal grounds to contest the tax demand as investors cheer the end of a key regulatory overhang on the stock

Tata-backed Impetis licenses JAK inhibitor assets to Vyome Holdings

Deal gives Vyome entry into the fast-growing market for next-generation autoimmune and inflammatory disease drugs

Zoho invests ₹70 cr in ONDC to boost digital commerce network for MSMEs

The investment is aimed at making technology more accessible and inclusive for businesses of all types and sizes, particularly Micro, Small and Medium Enterprises

Maruti commits ₹1,372 cr on green logistics, crosses 3 mn rail dispatches

The company, which crossed 3 million cumulative vehicle dispatches through railways, currently has 26.5 per cent of its total dispatches coming from rail outbound logistics

JSW MG Motor set to build an Indian core for electric passenger vehicles

Mehrotra said that their aim is to hit the target of 70% localisation- within 12 to 18 months and many of their cars like the electric Comet have already crossed the 50% localisation mark

The Bajaj Group story: One family, two wheels, and a lending empire

From kickstart scooters to kickstarting consumer credit, group's century-long reinvention mirrors India's changing economy

Coal India to set up Chile, Singapore units in critical minerals push

Miner identifies lithium block in Chile and eyes Australia partnerships in rare earths, copper and coking coal as part of diversification beyond thermal coal

HP India supply chain can tide over chip shortage: MD Ipsita Dasgupta

HP India says its domestic and global supply chains remain flexible enough to manage the ongoing memory chip shortage despite rising costs

Fractal cofounder sees opportunity in partnering OpenAI, Anthropic

Fractal co-founder Srikanth Velamakanni said the company expects to benefit as OpenAI and Anthropic accelerate efforts to embed AI tools across enterprise workflows

NCLT allows withdrawal of insolvency process against ATS Le Grandiose

In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code

Uday Kotak asks India, India Inc to prepare for shocks from W Asian crisis

Kotak backs PM's austerity push; warns of navigation challenges amid a global tribal mindset

Amazon India expands health coverage for 90,000 delivery workers

The company has enhanced medical, accident, and outpatient benefits for delivery associates as part of a Rs 2,800 crore investment in operations infrastructure

Leela Palaces bets on firm domestic demand; staycations rise: CEO

The luxury hotel chain is seeing strong domestic demand, rising weekend occupancy, and higher same-city staycations amid global travel uncertainty

Mekr bets on India's manufacturing shift with ₹67 crore funding round

The company is building an integrated design and manufacturing platform for consumer appliance brands amid India's growing push for local production

True North exits FedFina with nearly 7% stake sale via block deal

Private equity firm True North has exited Fedbank Financial Services by selling its nearly 7 per cent stake to Nomura India Equity Fund through a block deal

JSW Steel's crude production dips 1% to 2.118 million tonnes in April

JSW Steel reported a marginal decline in April crude steel production as operations were impacted by the temporary shutdown of Blast Furnace-3 at Vijayanagar for capacity expansion

Asia Healthcare Holdings appoints three independent directors to board

GIC and TPG-backed Asia Healthcare Holdings has inducted three independent directors as it expands its specialty healthcare network across India

EXIM Bank plans to raise ₹99,500 cr funds in FY27 amid global volatility

The wholly state-owned EXIM Bank, which provides export financing and ‌backs loans granted by commercial lenders to buyers of Indian goods, expects to tap the domestic market for around ₹66,000 crore

Why Royal Enfield's ₹2,200 crore Andhra bet matters beyond motorcycles

Royal Enfield's move to Andhra Pradesh comes as premium motorcycles, exports, and multi-location manufacturing become bigger priorities for auto makers

Brookfield India REIT Q4 to distribute ₹456 cr to unitholders; NOI up 52%

The distribution to unitholders comprises interest payments on shareholder loans; repayment of SPV debt and NCDs (non-convertible debentures); dividends; and interest on fixed deposits