Company News

IRB Infrastructure Developers Ltd., one of India’s largest highway concessionaires, has executed a significant portfolio reshaping move by selling its Gandeva–Ena road project for Rs. 513 crore. The transaction highlights the company’s strategy to unlock capital from operational assets and redeploy funds into newer, higher-yield opportunities. Coming amid heightened investor interest in transport infrastructure, the divestment marks a calculated effort to strengthen liquidity, reduce project-level debt, and improve financial flexibility.

Manish Bandlish, Managing Director of Mother Dairy, has officially resigned from his position, marking a significant leadership change in one of India’s leading dairy and food processing enterprises. Bandlish’s tenure saw strategic initiatives aimed at expanding dairy operations, enhancing supply chain efficiency, and strengthening consumer engagement across urban and semi-urban markets. The resignation comes at a time when the company is navigating evolving consumer preferences, sustainability challenges, and competitive pressures in the dairy and food sectors.

Wipro has entered a strategic partnership with Odido Netherlands to implement advanced artificial intelligence (AI) solutions, marking a significant step in accelerating digital transformation for European telecom operators. The collaboration focuses on deploying AI-driven automation, predictive analytics, and customer experience enhancement tools to streamline operations and improve service delivery. This initiative underscores Wipro’s growing footprint in the European market while reinforcing its capabilities in AI, cloud computing, and enterprise IT services.

Glenmark Pharmaceuticals has launched a new triple therapy treatment for Chronic Obstructive Pulmonary Disease (COPD) in India, targeting patients with moderate to severe respiratory conditions. The innovative therapy combines three active components in a single inhaler, offering enhanced symptom management, improved lung function, and simplified treatment adherence. This launch underscores Glenmark’s commitment to addressing chronic respiratory illnesses and expanding its presence in India’s growing specialty therapeutics segment.

PepsiCo India has launched its premium snack brand, Red Rock Deli, aiming to capture a growing segment of health-conscious and flavor-seeking consumers. The entry reflects PepsiCo’s strategy to diversify its product portfolio beyond traditional snacks, targeting the urban, millennial, and Gen Z demographics. Red Rock Deli, known for its bold flavors and gourmet positioning, is expected to compete with established international and local premium chip brands.

Verizon is preparing for one of its largest workforce reductions in recent years, with plans to eliminate more than 13,000 jobs as part of a sweeping restructuring under its newly appointed chief executive. The move aims to streamline operations, reduce expenses, and reposition the telecom giant amid intensifying competition and slowing wireless growth. The company’s leadership believes the restructuring will strengthen long-term profitability and accelerate investment in next-generation networks.

India’s technology landscape is poised for a significant leap as Tata Consultancy Services (TCS) and global investment major TPG unveil a joint plan to invest Rs. 2 billion in advanced AI-focused data centers. The initiative marks one of the most ambitious technology infrastructure commitments in recent years, aimed at accelerating enterprise adoption of artificial intelligence, cloud computing, and high-performance workloads. The proposed facilities will support scalable AI models, sovereign cloud requirements, and data-intensive applications across industries.

In a strategic move to strengthen its footprint in India’s rapidly expanding men’s grooming market, Godrej Consumer Products Ltd (GCPL) has acquired Muuchstac, a rising homegrown brand, for Rs 450 crore. The acquisition marks a significant step in GCPL’s portfolio diversification strategy, enhancing its presence across high-growth personal care categories.

In a strategic expansion move, BirlaNu has acquired Clean Coats Pvt. Ltd. for Rs 120 crore, marking a significant step in strengthening its presence in the industrial coatings and materials solutions segment. The acquisition is expected to enhance BirlaNu’s technological capabilities, diversify its product offerings, and boost its market share in the fast-growing coatings industry.

Shares of FSN E-Commerce Ventures Ltd, the parent company of beauty and fashion retailer Nykaa, surged on Monday following the release of its quarterly earnings report that surpassed market expectations. The company’s strong revenue growth, improving profit margins, and steady expansion in its fashion and beauty segments boosted investor confidence. Market participants viewed the performance as evidence of a successful post-pandemic recovery strategy, underpinned by robust consumer demand and operational efficiency.