The latest companies stories, updated through the day.
The finance ministry has defended the valuation process used in the IDBI Bank stake sale, saying the methodology and bidding procedure were reviewed and approved by the core group of secretaries on disinvestment. It said Fairfaxs Rs 81-a-share bid was above the benchmark and independent fair-value e…
India is addressing the workforce challenge posed by its 100GW nuclear power goal through new courses. Leading technical institutes like IITs and NITs are expected to introduce nuclear tech programs. A dedicated institute for nuclear technology training is also being planned as workforce development…
IndiGo reported a net loss of Rs 1,879 crore in the September quarter as a sharp rise in jet fuel prices and foreign exchange costs offset strong revenue growth. While revenue increased 26% year-on-year to Rs 23,363.8 crore, fuel costs surged more than 67%. The airline plans to raise fares, rational…
Backed by an ₹86 crore government grant and ₹70 crore Series A funding, Peptris Technologies is leveraging generative AI to build a preclinical pipeline targeting rare diseases and previously undruggable proteins.
Standalone health insurers have requested that mandatory insurance products be excluded from expense-of-management calculations. They argue that including these products creates an imbalance for their business model. The Insurance Regulatory and Development Authority of India is considering changes…
Working-capital demand from banks has increased significantly due to the ongoing conflict in West Asia. Higher raw-material costs and elongated shipping timelines have led to greater funding needs for corporates. Mid- and large-sized companies reported a 12-20% increase in working-capital requiremen…
Unified Fintech Forum is developing a framework to encourage best practices among technology service providers. This initiative aims to improve cybersecurity preparedness and operational resilience in the fintech sector. Banks and fintech companies increasingly rely on third-party vendors for variou…
An ED investigation into alleged foreign exchange violations involving crypto transfers above ₹4,900 crore has brought Mudrex and Instadapp under scrutiny.
Agnico Eagle Mines Ltd. warned that rising diesel prices risk raising the cost of producing gold by as much as $80 per ounce next year, signaling mounting inflationary pressures for the mining industry.
Noel Tata is questioning N Chandrasekaran’s reappointment process and seeking board records. Separately, former trustee Mehli Mistry has challenged trust governance and Noel’s eligibility, while the trusts dispute his legal standing.
WEIL-LAW FIRMS/DISSOLUTION (EXPLAINER, PIX):EXPLAINER-What's next for law firm Weil Gotshal as it plans dissolution
Nike unveiled its first-ever running shoe designed for athletes in India. The launch comes as the company continues to grapple with the dip in sales in other key regions, including China, as per Reuters.
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