Corporate

TCS Board approved acquisitionof Porsche subsidiary,MHP Management for nearly Rs 3,600 crore.

India's mid-market ecosystem is also attracting a growing pool of international strategic investors looking to deepen their presence and build scale in the country.

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Y Combinator will be subject to a 30-day lock-in period for any further stake sale following the transaction. Kotak is the broker to the block deal.

LG Energy Solution is exploring supplying batteries for US defense drones amid faltering EV demand, marking a strategic shift into military hardware and energy storage markets.

In 2024, Dutch authorities separately fined the company "290 million over transfers of European drivers' personal data to the US.

Grasim Industries held its 79th annual general meeting on Friday, with Chairperson Kumar Mangalam Birla chairing it.

The cuts include 120 Seattle-based roles and 104 restructuring positions, while the company expands operations in Nashville.

VIP Industries has cut excess inventory, tightened pricing and returned to revenue growth after seven quarters of decline. But the luggage maker remains loss-making, with margins and market share still below earlier levels.

Urban Company gains for the sixth time in seven sessions after UBS initiates coverage with a Buy rating and the highest price target among analysts tracked by Bloomberg.