Company News

IHCL eyes strategic acquisitions to expand presence in key markets: MD

As part of its 'Accelerate 2030' strategy unveiled earlier, IHCL has set a target of over 700 hotels in its portfolio by 2030.

After SBI, Bank of India declares RCom, Anil Ambani's account fraudulent

State-owned Bank of India granted a ₹700 crore loan in August 2016 to Reliance Communications for its ongoing capital and operational expenditure and repayment of existing liabilities

Mahindra scouts land for new plant, aims to expand service network

The Mumbai-based auto major has unveiled its all-new modular, multi-energy NU IQ platform that will support a new range of SUVs

Spotify flags price rises as it introduces new services, features: Report

Earlier in August, the Swedish firm said it would increase the monthly price of its premium individual subscription in some markets from September

Adani Agri Fresh starts 2025 apple procurement in Himachal at ₹85/kg

Procurement will begin on August 24 at AAFL's facilities in Rohru, Rampur, and Tutu-Pani, on August 25 at Sainj and Jarol-Tikkar, and on August 28 at Reckong-Peo

Anil Ambani refutes all charges following CBI action in bank fraud case

At present, Reliance Communications is being managed under the supervision of a Committee of Creditors, led by SBI and overseen by a Resolution Professional

Yes Bank stake sale to Sumitomo gets RBI approval for 24.99% acquisition

The RBI has approved Japanese lender Sumitomo Mitsui Banking Corporation to acquire up to 24.99 per cent stake in Yes Bank; the approval is valid for one year and SMBC will not be a promoter

CCPA fines VLCC Rs 3 lakh for misleading CoolSculpting slimming ads

It was found that VLCC was making exaggerated claims of drastic weight loss and inch reduction within a single session, which went far beyond the actual approval granted to the CoolSculpting machine

WestBridge Capital picks 15% stake in Edelweiss AMC for ₹450 crore

Global investment firm WestBridge Capital is acquiring a 15% stake in Edelweiss Asset Management for Rs 450 crore, valuing the firm at Rs 3,000 crore, Edelweiss Financial Services announced

APSEZ launches Kalamassery Logistics Park in Kochi, to create 1,500 jobs

Adani Ports has launched a ₹600-crore Logistics Park in Kochi's Kalamassery; the project will create over 1,500 jobs, support trade, and boost Kerala's role as a growing logistics hub

CBI books Anil Ambani's RCom for ₹2,000 cr bank fraud, searches premises

The entities were declared fraudulent on June 13 under RBI's Fraud Risk Management rules and SBI's board-approved policy, MoS Finance Pankaj Chaudhary told the Lok Sabha last month

CloudMosa looks to the cloud to speed up 4G feature phone journey

CloudMosa sees its offering as a big opportunity to hasten the upgradation of consumers from 2G to 4G feature phones

Dao Division, Bharti Airtel partner to boost connectivity in Arunachal

The agreement marks a significant step in bridging the digital divide in these strategically essential yet geographically remote regions

OpenAI to launch first India office in Delhi this year as user count surges

Company has established a legal entity in the country and is hiring a dedicated local team

15K hospitals to suspend cashless services for Bajaj Allianz policyholders

Hospital body issues notice to Care Health Insurance; says low rates, heavy deductions behind move

Leadership transition: Sudarshan Venu takes charge of TVS Motor from Aug 25

Ralf Speth steps down as chairman; firm plans supply-chain diversification for key components

Tata Motors seeks govt help to ease electric vehicle raw material sourcing

Says that battery localisation remains a challenge

CRE Matrix refutes data theft allegations by Delhi-based PropEquity

CRE Matrix denies the allegations of data theft, calling them unfounded, while PropEquity moves the Delhi High Court seeking damages and an injunction

Apple in talks to use Google's Gemini AI to power revamped Siri: Report

Alphabet's shares were up 3.7 per cent while Apple's stock was up 1.6 per cent, both extending gains in afternoon trading following the report

Apollo Hospitals MD Suneeta Reddy sells 1.3% stake via block deal

Promoter group raises Rs 1,489 cr to reduce debt and holdings; doesn't plan further stake reduction