Biocon founder and chairperson Kiran Mazumdar-Shaw plans a gradual leadership transition over the next five years, with her niece Claire Mazumdar expected to take over as chair in a phased…
Category: Companies
BASF to set up 2 global hubs in Hyderabad
BASF, a global chemical company, will open two global hubs in Hyderabad. The two hubs – Global Service Hub and Global Digital Hub – will come up in Hyderabad in…
Reliance hands over documents in bribery probe, executive gets bail
India’s biggest listed company, Reliance Industries, has handed over documents demanded by the Central Bureau of Investigation (CBI) investigating a drone import bribery case involving one of its senior vice…
InGovern urges Tata Group companies to push for Tata Sons listing, flags 1.2 cr shareholder value concerns
Corporate governance advisory firm InGovern has written to the boards of seven listed Tata Group companies, urging them to push for the listing of Tata Sons, stating that it is…
Shyam Dhani Industries gears up pan-India launch
Shyam Dhani Industries has launched refreshed range of Shyam Kitchen Spices to expand its presence across India in a structured and phased market rollout. The company has on boarded actress…
‘Our performance has not been great’, says Karan Adani as Ambuja Cements trims capex, hits reset on execution
Ltd is cutting its capital expenditure by around 15% to ₹6,000–₹6,500 crore for FY27 from about ₹7,500 crore in FY26, as it “pauses and course corrects” its execution strategy to…
Shanthi Gears reports 37% decline in net profit in Q4FY26
Limited, the Coimbatore-based subsidiary of Tube Investments of India Ltd (TII), reported a 37 per cent decline in net profit to ₹16 crore for the quarter ended March 31, 2026…
Libas looks beyond ethnic wear, gears up for FY28 IPO
Indian ethnic and fusion wear brand Libas is looking to become a broader lifestyle house, adding new categories and labels as it works towards a public listing by FY28. “We…
US PE firm Recognize, armed with $1.7 billion fund, scouts for niche IT service companies in India
Private equity firm Recognize, which closed its second fund at $1.7 billion in June 2025, is scouting for bets in India that are niche-specific service providers for large-scale enterprises in…
L&T to develop coal-to-ammonium nitrate project in Odisha
Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has bagged an order valued between ₹2,500 crore to ₹5,000 crore from the joint venture of state-owned Coal India Limited…