Company News

Thyssenkrupp, Jindal Steel sale talks falter on pension and energy costs

The companies could decide to officially stop negotiations as soon as next month, one of the people said

Sebi begins review of former HDFC Bank chairman Chakraborty's exit letter

In his resignation letter, Chakraborty cited "certain happenings and practices within the bank" that he said were "not in congruence" with his personal values and ethics

SBI fraud case: CBI conducts searches at Reliance Telecom, ex-directors

The agency acted on a complaint from SBI about it being defrauded and suffering a wrongful loss of ₹114.98 crore

AM/NS India CEO Dilip Oommen to retire; Amit Harlalka named as successor

ArcelorMittal Nippon Steel India said its CEO Dilip Oommen will retire on June 30, with CFO Amit Harlalka set to succeed him from July 1

Allianz Jio Reinsurance begins operations after approval from Irdai

Joint venture between JFSL and Allianz starts underwriting reinsurance in India, aiming to boost risk capacity and support the country's growing insurance ecosystem

Moving Tech Innovation enters Europe with acquisition of Automicle Holding

Deal marks firm's entry into Europe as it takes its zero-commission, community-led mobility model global, aiming to scale open, city-first transport systems across markets

Nokia creates dual-head structure in bid to revamp India leadership

The dual leadership structure aims to sharpen business execution and stakeholder engagement as Nokia looks to tap growth in rural 5G, enterprise solutions and AI-led networks

Indian Oil buys first Iranian LPG since 2018 as crunch worsens amid war

The refiner will share the shipment with its state-owned peers Bharat Petroleum Corp Ltd and Hindustan Petroleum Corp Ltd

Thyssenkrupp, Jindal Steel sale talks falter on pension, energy costs

While talks over a sale of Thyssenkrupp Steel Europe (TKSE) are ongoing and could ‌still result in an agreement, a deal is now seen as less likely after nearly six months of discussions

Cairn Oil & Gas mulls hiring Americans to build India's shale sector

Cairn's aim is to hire 10 Americans to apply the US shale playbook in India, where the company hopes to shave drilling and completion times by one-third to accelerate the ramp up of output

Adani in talks with Meta, Google for partnerships in data centre business

Walmart Inc.'s Flipkart is also engaged in talks with the tycoon and the Adani Group is exploring sites across Indian states for the centres

Infosys acquires Optimum for $465 mn to deepen healthcare, AI capabilities

Deal strengthens Infosys' healthcare vertical and AI-led capabilities, adding clients, talent and consulting expertise in provider segment

Dream Sports sharpens focus on 11 portfolio companies after RMG ban

Company pivots beyond real-money gaming, expands into fintech and AI while strengthening portfolio of 11 businesses to regain user engagement

Sunil Mittal to retire as Airtel Africa chairman; Vittal to take over

Shravin Bharti Mittal, the telecom tycoon's son, will become the company's deputy chairman

RIL's Jio Platforms ready with DRHP; 2.5% stake may be offloaded via OFS

At $125 billion valuation, IPO size set to be over $3 billion

India start-ups raise $9.1 billion funding as focus shifts to execution

Selective capital is backing scalable ventures, while AI-led DeepTech gains momentum as investors prioritise proven models, monetisation, and commercial readiness

NDR InvIT raises ₹410 crore via bonds to expand warehousing portfolio

NDR InvIT Trust on Wednesday announced raising Rs 410 crore through the issuance of bonds primarily for the acquisition of logistics and warehousing portfolio across key markets in the country.

MUFG's $4.4 billion investment in Shriram Finance wins CCI approval

Japanese lender to acquire 20% stake in NBFC via preferential allotment, marking one of the largest FDI deals in India's financial services sector

Meta is laying off hundreds of employees across multiple teams: Report

Meta had nearly 79,000 employees as of December 31, according to its annual filing

OpenAI taps JioStar CEO Kiran Mani to lead Asia Pacific operations

Former JioStar executive to drive regional growth as OpenAI expands global footprint and deepens presence across key Asia-Pacific markets