Company News

Venture capital firm YourNest marks final close of ₹400 crore fund

Over 30 per cent of the fund's investors comprise existing family offices and high net worth individuals (HNIs) who had invested in the early stage VC's earlier funds, and incoming investors

Ashok Leyland signs pact for old truck, bus replacement in Delhi-NCR

In addition to the 8 per cent discount offered by participating OEMs, the Central Government will provide 5 per cent interest subvention and fixed monthly fuel vouchers for a period of five years

Sarvam AI becomes unicorn after raising $234 mn; HCLTech acquires over 10%

The sovereign AI startup raised $234 million in the first close of its Series B round, with HCLTech emerging as the lead strategic investor

Medical costs up, ICICI Lombard makes a case for higher health cover

The insurer said customers should consider higher sums insured to keep pace with rising treatment costs, while stressing that the final decision rests with policyholders

Waaree Energies gets shareholders' nod to raise up to ₹10,000 cr via QIP

Waaree Energies wins shareholder approval to raise up to ₹10,000 crore through a QIP, strengthening its capacity for expansion in India's fast-growing solar sector

Anthropic episode is a wake-up call: Sarvam Cofounder Vivek Raghavan

Vivek Raghavan, co-founder, Sarvam in a virtual interaction with Shivani Shinde talks about HCLTech's entry as investor, fund raising and sovereign AI. Edited excerpts

Fox to acquire streaming platform Roku in deal valued at about $22 billion

Fox Corp will acquire Roku in a $22 billion deal, combining streaming, digital advertising and television assets to create a major US media platform

Govt launches GIC OFS to sell up to 5% stake, targets ₹3,000 crore

The government will sell up to 5 per cent stake in General Insurance Corporation of India (GIC) at a floor price of Rs 352 per share

India needs a complete sovereign AI stack, not just models: Bessemer

Bessemer Venture Partners says India's AI ambitions must extend from compute and data infrastructure to agents, services and robotics

Adani, Jabil to partner for AI data centre hardware manufacturing venture

The proposed venture aligns with Adani Group's previously announced $100 billion investment commitment to develop 5 GW of green energy-powered, AI-ready data centres by 2035

Chip woes stretch planning cycles: Ericsson India MD Nitin Bansal

Rising component costs, chip shortages and supply-chain uncertainties are forcing Ericsson to extend planning horizons to up to five years from 18-36 months

Bank of Maharashtra union flags staff shortages, calls for hiring drive

The employees' federation has urged the bank's management to recruit across cadres, citing rising workloads, staff shortages and reliance on outsourced personnel

Flexible workspace firm IndiQube takes 150,000 sq ft on lease in Chennai

The flexible workspace operator has leased 150,000 sq ft in Chennai's Perungudi area, with total rental commitments estimated at ₹235 crore over 15 years

Apollo hospital proposes Shobana Kamineni as Executive Chairperson

Apollo Healthtech plans to appoint Shobana Kamineni as executive chairperson ahead of its proposed listing, with the demerger expected to be completed by late FY27

LG expects India to remain its largest global AC market by volume

Seong was responding to a query on the significance of the Indian market for LG and its ranking among the company's global HVAC markets

Anil Agarwal hints at overseas relisting of Vedanta Resources in 3 years

On Monday, Vedanta group's four demerged entities -- Vedanta Aluminium Metal, Vedanta Power, Vedanta Oil and Gas and Vedanta Iron And Steel -- made their stock market debut

Bharti Airtel shareholders approve ₹28,200 cr Airtel Africa share-swap deal

Shareholders have approved Bharti Airtel's ₹28,200 crore share-swap transaction with promoter group entity ICIL, raising the telecom firm's indirect stake in Airtel Africa to 79.04 per cent

Vedanta group's four demerged entities make debut on stock exchanges

Vedanta Aluminium Metal's market valuation stood at ₹1,95,773.58 crore, while Vedanta Power's mcap was ₹16,736.46 crore on the BSE

Amazon rolls out AI tools for India's small sellers ahead of Prime Day

The e-commerce giant says its Seller Assistant suite can cut routine workloads and help corner-shop merchants go global - as rivals close in

Green SM broadens India goals with airport, corporate mobility push

VinFast-backed Green SM plans to expand beyond ride hailing into airport transfers, corporate mobility and subscription services as it scales in India