Company News

A crisis with benefits: IL&FS enters new phase with recoveries on track

The IL&FS resolution has delivered higher-than-expected recoveries for lenders while triggering key changes in India's insolvency framework, corporate regulation and laws governing business conduct

India's R&D well placed for advance manufacturing, AI: Rockwell CFO Rothe

Rockwell Automation CFO Christian Rothe says India's strong R&D base can drive advanced manufacturing, automation and AI adoption, while helping MSMEs improve global competitiveness

Syngene expects stronger H2 on order book, Zoetis supplies; retains outlook

Syngene International expects a stronger second half of FY27, driven by its order book and Zoetis supplies, while retaining guidance for a single-digit revenue decline.

Indian Oil spends 37% of ₹32,700 crore FY27 capex target in first half

Indian Oil spent ₹12,162 crore in the first half of FY27, with refining and marketing accounting for the bulk of investments as major refinery expansion projects near completion.

Godrej Properties targets ₹40,000 cr revenue recognition by March 2028

Godrej Properties expects a sharp rise in deliveries and earnings next fiscal, with sold-out projects worth ₹40,000 crore set for revenue recognition by March 2028.

Valuation changes no grounds to reopen TVS family settlement: InGovern

Corporate governance advisory firm InGovern calls for a review of disclosures and a legally defined resolution of the TVS family dispute to protect minority shareholders

Solex Energy eyeing US market for international debut, says chairman

The company's US expansion will be part of its $1.5 billion investment roadmap through 2030, as it seeks to tap demand for clean energy components

IL&FS approaches NCLT to recover ₹186 crore excess pay from ex-directors

IL&FS has sought directions to its former directors and two key subsidiaries, IL&FS Financial Services (IFIN) and IL&FS Transportation Networks (ITNL), to return the excess remuneration

Escorts Kubota reports 10% decline in October sales to 16,921 units

Its domestic tractor sales fell 10.9 per cent to 16,412 tractors compared to 18,423 units in the year-ago period

IOC, BPCL, HPCL clock ₹30,106 cr Q2 profit, nearly 39% of FY26 earnings

The combined profit of Indian Oil, Bharat Petroleum and Hindustan Petroleum is 68.3 per cent more than their earnings in the same period last year

Bosch targets double-digit share in India's AC market within two years

The company is targeting to secure a place among the top five brands in the medium term

Sona Comstar expects annual investments to rise as business grows: MD

Singh shared that the company will continue investing across all its three business lines, adding that it had introduced three new products during the September quarter

NCLT scraps JLS Realty land transfer to Spenta, cancels ₹525 cr IIFL deal

The ruling follows five years of litigation initiated by Moniveda Consultants LLP and Rajat Jhunjhunwala against Shajas Developers, JLS Realty, and other respondents

CDSL Q2 profit rises 24% to ₹173 cr as demat accounts grow by 7.5 million

For the first half of FY27, consolidated net profit grew 20 per cent to ₹291 crore, while total income rose 19 per cent to ₹758 crore

Virgin Media O2 may cut up to 4,000 jobs in major cost-cutting exercise

British telecoms operator Virgin Media O2 is considering cutting up to 4,000 jobs as part of a major restructuring, Sky News reported

BPCL, Lanxess in pact to explore advanced industrial lubricant technologies

LANXESS and Bharat Petroleum Corporation Limited (BPCL) said they have entered into an agreement to explore opportunities for long-term cooperation in advanced industrial lubricant technologies

IGL to supply PNG to 22 Northern Railway establishments across Delhi-NCR

Initial supply of 3,000 standard cubic metres per day will replace around 500 kg of LPG and 2,500 litres of diesel consumption daily, with demand expected to rise to 10,000 SCMD

CCI clears Xavier Niel's 5.1 bn euro Vodafone stake acquisition, 3 deals

The regulator also approved transactions involving Prosus-backed Navi, Aditya Birla Renewables' acquisition of Solenergi Power and Adani Energy Solutions' purchase of IntelliSmart Infrastructure

Jatin Kumar Nayak takes charge as Ireda chairman and managing director

The former REC executive director (Finance) has over three decades of experience and has previously worked with NHPC, Hindustan Copper, NALCO and other companies

Rahul Gandhi attacks govt on IDBI bank sale row; FM Sitharaman hits back

Congress leader backs bank employees, questions privatisation; finance minister defends disinvestment, citing revival under NDA