Company News

SBI board panel nods to overseas fundraise of up to $3 billion in FY26

SBI plans to raise up to $3 billion via international markets in FY26 through senior unsecured notes in USD or other currencies to support business growth

Infosys asks Bengaluru employees to work from home due to heavy rain

In an internal email, Infosys stated that employees may choose to work from home in coordination with their respective managers, given the forecast of continued heavy rainfall over the next 24 hours

Bajaj Group get CCI's nod to acquire Allianz's 26% stake in insurance JVs

CCI also granted its nod for proposed combination involving the acquisition of 50 per cent paid-up equity share capital of Bajaj Allianz Financial Distributors Limited by BFS from Allianz

RIL moves SC against HC ruling in $1.5 bn gas dispute with Centre

RIL contests Delhi HC order that set aside a 2018 arbitration award in its favour over allegations of siphoning ONGC gas from the KG Basin block

IndusInd Bank likely to flash red in Q4FY25 amid accounting lapses

Derivative portfolio losses and MFI income discrepancies may result in a Rs 200 crore Q4FY25 net loss and a structural hit to core margins, say analysts

Will work through it: IDFC First Bank responds to Warburg board seat denial

Shareholders approve fund infusion by Warburg and ADIA but reject proposal allowing Currant Sea Investments to nominate a non-executive director to the bank's board

IPO-bound Tata Capital's impairment surges 310% to Rs 3,072 crore

Rise in stress impacts non-banking finance firm's standalone profit growth

Honda to come up with electric two-wheeler plant in India by 2028

Company to also focus on capturing growing demand for hybrids with new models

Flipkart-backed super.money eyes neo-bank play in India's fintech race

With 175 million UPI transactions, super.money eyes top 5 neo-bank spot by expanding into credit, wealth and insurance while maintaining cashback-led engagement

Focusing on exports over domestic discounts, says Hyundai India COO

Hyundai aims to raise exports to 30% of output by FY30 as domestic sales slow; six EVs among 26 product launches planned as part of long-term growth strategy

JLR aims to double India biz in 3-4 years, expand products, network

With the Indian luxury car market expected to grow consistently over the next few years, Jaguar Land Rover (JLR) India anticipates breaking into the top ten markets of its parent

Nazara continues acquisition spree as it buys UK-based firm for ₹247 cr

Nazara acquires UK's Curve Games to expand global publishing and IP portfolio as part of an ongoing M&A strategy across interactive gaming and esports

IHH subsidiary seeks Rs 11,800 cr damages from Daiichi over Fortis deal

IHH arm NTK raises damages claim against Daiichi Sankyo to Rs 11,800 crore, alleging obstruction of Fortis Healthcare acquisition via stalled open offer

DLF records highest-ever sales in FY25 on super luxury housing boom

Projects like The Dahlias and Privana West fuelled DLF's FY25 sales to a record Rs 21,223 crore, with strong demand from domestic buyers and NRIs

Diageo (USL) Q4 PAT rises 43% to Rs 421 crore, revenue rises 2.74%

USL reports 43% jump in Q4 PAT to Rs 421 crore, driven by strong P&A growth; NSV rises 8.9% despite fewer IPL matches, final dividend of Rs 8 per share proposed

CreditAccess Grameen eyes 15% retail finance share by FY28 amid MFI stress

The lender plans to raise the retail loan share from 6% to 15% by FY28, with a shift to secured lending like housing and business loans amid pressure on microfinance

UGRO Capital to raise up to Rs 915 crore through preferential CCD issue

UGRO Capital's board approves Rs 915 crore capital raise via CCDs; capital adequacy to improve from 19.41% to 29.4%, with rights issue of Rs 400 crore also planned

JSW Energy to invest ₹14k cr to expand RE capacity of O2 Power

JSW Energy will invest ₹14,000 crore to raise O2 Power's renewable energy capacity to 4.7 GW by 2027, with a broader capex plan of ₹18,000 crore for FY26 projects

CCI gives nod to Temasek's minority acquisition of Haldiram Snacks Food

Temasek's subsidiary Jongsong will acquire under 10% stake in Haldiram Snacks Food, now consolidated under HSFPL following a major FMCG merger in April

Abu Dhabi's G42 partners Mistral AI on next-gen AI for Global South

G42 and Mistral AI to collaborate on next-gen AI models, platforms and infrastructure for industrial applications across Europe, the Middle East and Global South