Company News

Apple steps up iPhone production in India amid US-China trade tensions

As US-China trade tensions escalate, Apple is rapidly shifting its iPhone production to India, with new factories starting up and record shipments already underway

Prestige Group aims ₹12,000 cr revenue from Ghaziabad township project

The first phase will have 3,421 homes across 19 towers, with unit sizes ranging from 1,681 sq ft to 6,026 sq ft

RBI approves interim leadership team after IndusInd CEO Kathpalia quits

IndusInd Bank CEO Sumant Kathpalia resigned after audit firm Grant Thornton found nearly ₹2,000 crore in losses related to the bank's derivatives portfolio

SBI mulls equity capital raise in FY26; board to discuss proposal

SBI's share closed 0.72 per cent lower at Rs 811.75 per share on the BSE. The board is also considering the results for the fourth quarter ended March 2025 and annual results for FY25 on May 3, 2025

Cautiously optimistic amid global headwinds: HCL Chair Roshni Nadar

The fund will invest in the pilot stage of 20 for-profit companies and ideas working in the areas of cooling, buildings, and freight which are market-ready

PNB Housing Finance eyes retail book of Rs 1 trillion by FY27: MD & CEO

Roshni is a product of PNB Housing Finance which promotes affordable housing, especially among first-time buyers

Max Healthcare plans to expand bed capacity by at least 30% in FY26

Company inaugurates 300-bed greenfield hospital in Delhi's Dwarka, aims to invest ₹6,500 cr by FY28

PE firm TPG sells 3.9% stake in Tata Technologies for ₹1,068 crore

The shares were disposed of at an average price of Rs 673.26 apiece on the National Stock Exchange (NSE), taking the aggregate deal value to Rs 1,068.05 crore

Philips eyes strong double-digit growth as India nears top-five market spot

Philips on Tuesday launched premium electric shavers Philips Series 7000, i9000 and Philips i9000 Prestige Ultra, which are designed with AI-powered SkinIQ technology

Delhi HC orders status quo on 95 more EVs leased to Gensol, BluSmart

Appoints court receiver for upkeep, maintenance of cars, asks Gensol, BluSmart to not interfere

Using public data to train ChatGPT not commercial activity: OpenAI to HC

ChatGPT argued that training the LLM is both a commercial and non-commercial activity

Maha Kumbh boosts Coca-Cola's India sales, drives Q1 volume growth

The Maha Kumbh Mela, considered the world's largest in-person gathering, saw an estimated 660 million attendees in 2025

Deloitte gives clean audit opinion on VerSe Innovation's FY24 financials

VerSe Innovation said Deloitte identified weaknesses in internal controls but confirmed the issues did not affect its opinion on the company's consolidated financial statements

State Bank of India to raise funds via share sale this fiscal year

The board of the state-run bank will discuss the proposal for fresh capital either through a follow-on public share sale, rights issue or qualified institutional placement on May 3

Daewoo enters Indian lube market, aims to get 2% share by March next year

The company has adopted a phased rollout strategy, starting with key metro cities and Tier-2 towns, backed by a robust dealership and distribution network

Sumant Kathpalia resigns as IndusInd Bank CEO with immediate effect

This comes after Arun Khurana, Deputy Chief Executive Officer of IndusInd Bank, filed his resignation from the bank yesterday

PNB, Canara Bank to dilute stake in Canara HSBC Life Insurance through IPO

Company files DRHP; Canara to dilute 14.5% stake while PNB will dilute 10% stake

SBI ties up with Land Ports Authority for banking services in 26 locations

Land ports currently handle Rs 71,000 crore in forex trade, and nearly 31 lakh people cross borders through these land ports annually

Streamlined processes help companies speed up voluntary closures

The working paper by PMEAC highlighted that process or nuts-and-bolts reforms are not systematically researched, documented or taught, but are an important part of a policymaker's toolkit

Bhartiya Urban plans to launch over 5K apartments under Nikoo Homes brand

The luxury homes will host premium amenities, including a swimming pool, fitness centre, among others