Ambuja Cements expects volume growth to outpace industry in H2
Trade volumes grew 8.6% in Q2FY27, but weakness in institutional sales kept overall volumes broadly flat. The company expects both segments to return to growth in the second half.
Companies
The latest companies stories, updated through the day.
IDBI Bank employees' forum opposes majority stake sale to Fairfax, seeks parliamentary review
United Forum of IDBI Officers and Employees has expressed opposition to the proposed sale of IDBI Bank. Concerns include potential undervaluation of the bank's assets and the need for public scrutiny. The government plans to transfer a significant stake in IDBI Bank to Fairfax Financial Holdings. Th…
Flipkart, Exim Bank lead $8.13 billion external borrowing proposals in August
Indian companies have sought to raise a total of $8.13 billion in external commercial borrowings. This amount represents a 6% increase from the previous month's $7.70 billion. Notable proposals include Flipkart Internet Pvt Ltd aiming for $1.14 billion through a foreign loan. Additionally, the Power…
One Planet Partners ties up with Japan’s SMTB to deploy ₹3,000 cr for maiden fund
One Planet Partners has partnered with Japan’s Sumitomo Mitsui Trust Bank for its maiden fund, to deploy around ₹3,000 crore in investments across energy transition, mobility and manufacturing.
Noel Tata is stepping down from six Tata Group company boards in November
Noel Tata will step down from the boards of six Tata Group companies on November 12, when he turns 70, in line with retirement policy. He will remain a Tata Sons director, while his departure comes amid disagreements over chairman N Chandrasekaran’s reappointment and a proposed listing.
Microsoft posts blockbuster quarterly results riding on AI boom; CEO Satya Nadella says, ‘Never been more confident’
Microsoft reported a strong fiscal-year start, with September-quarter revenue up 19% to $92.3 billion and Microsoft Cloud revenue reaching $63.9 billion. Azure grew 48%.
Why is Audi CEO facing backlash over Trump deal? Who is Gernot Döllner? Explained
Why is Audi CEO Gernot Döllner under fire? Explore his career, Trump’s $4 billion factory announcement and the backlash over US tariffs and German jobs.
Why buyouts on the rise? Any specific reason? After Microsoft, Mercedes-Benz and Skydance offer employees voluntary exit
Microsoft, Mercedes-Benz and Skydance are offering voluntary exit packages as companies seek to cut costs, restructure teams and adapt to changing business priorities.
Marvell-Lumentum deal: AI’s next bottleneck is moving data
Marvell is in advanced talks to acquire Lumentum, a maker of optical technology used in AI data centers, in a potential $83 billion deal.
Online grocery delivery deal worth ₹1.6 lakh crore? DoorDash likely to make Instacart buyout official today: Report
DoorDash could announce a deal to buy Instacart as soon as Thursday, in a transaction reportedly valuing the grocery-delivery company at about $17 billion.
iPhone sales slump up to 30%: Is Apple's premium pricing strategy losing its shine this Diwali?
Apple’s iPhone sales in India have fallen by up to 30% around Dussehra as price increases, fewer festive discounts and longer replacement cycles weigh on demand.
Amazon lays off 250 employees via early morning emails, less than a month after 1,000 job cuts: Who was hit?
Amazon has laid off around 250 employees in its devices and services division, with workers informed through early morning emails and text messages.