Friday, 05 June 2026

Corporate News

Corporate News

21 - 05 - 2026

Vodafone Idea retains ₹45,000 crore capex guidance, pursues ₹25,000 crore loan

The operator is in negotiations with local and international financial institutions to secure a ₹25,000 crore debt facility.

20 - 05 - 2026

JSW Steel sets up to ₹24,000 crore capex for FY27 to drive capacity expansion

JSW Steel maps out ₹1,26,000 crore capex to more than double its total production capacity by FY32. CreditSights expects actual FY27 spending to undershoot guidance at ₹19,000 crore to ₹20,000 crore.

20 - 05 - 2026

Tata Steel plans ₹20,000 crore organic capex for FY27

Free cash flows improved during FY26 due to strong EBITDA, working capital release, and lower organic capex of ₹14,600 crore, which offset ₹2,800 crore spent on downstream joint venture acquisitions.

19 - 05 - 2026

Over three in four Indian firms hit by identity breaches over past year: Sophos

Globally, organisations reported an average of three separate incidents, with a notable 5% suffering repeat victimisation of six or more breaches.

19 - 05 - 2026

Vodafone Idea’s user base stabilises, but turnaround a tall ask

Vodafone Idea plans to execute a network capital expenditure plan of about ₹45,000 crore over the financial years 2027-2029 to plug 4G coverage gaps and advance its 5G rollout. This is in addition to spectrum, interest, and spectrum usage charge (SUC) obligations totalling around ₹49,640 crore over the same three-year period.

18 - 05 - 2026

Amazon India to deploy a fleet of 1,000 customed EV trucks

The move follows Amazon’s plans to scale up Amazon Now, an ultra-fast delivery service, to 100 cities across India, which will be supported by a network of more than 1,000 micro-fulfilment centres.

09 - 05 - 2026

Brigade Hotel to invest ₹1,000 crore in Karnataka to expand hospitality portfolio

The hospitality sector in Mysuru is expected to grow at 8–10% annually. Rising demand for personalised and wellness-focused travel, along with government efforts to promote tourism, is likely to support further expansion. 

05 - 05 - 2026

Kiran Mazumdar-Shaw Backs Niece Claire Mazumdar for Top Role

In an industry where leadership changes are often sudden, silent, or shrouded in ambiguity, Kiran Mazumdar-Shaw is taking a far more deliberate route at Biocon. The biotech pioneer has set out a clear succession plan, naming her niece, Claire Mazumdar, as the future leader of the company she built over four decades. For Mazumdar-Shaw, 73, …

05 - 05 - 2026

Ambuja Cements Q4 cons net rises 37% to ₹1,857.43 crore

On a normalised basis, the Adani Group company’s net profit fell 33.5% to ₹569 crore from ₹856 crore recorded during the year-ago quarter.