Company News
Ambuja Cements to invest $1.5 bn to lift capacity to 155 MTPA by FY30
The expansion plan comes days after Ambuja reported a 34.7% fall in quarterly net profit, hurt by higher fuel and freight costs
 "Ambuja Cements to invest $1.5 bn to lift capacity to 155 MTPA by FY30")
Coal India unit South Eastern Coalfields files for $800 million IPO
The offering will consist entirely of shares sold by parent Coal India, with no fresh issuance, according to the draft prospectus filed with Sebi
 "Coal India unit South Eastern Coalfields files for $800 million IPO")
ED registers money laundering case against Subhash Chandra over loan fraud
Chandra is alleged to have inflated his net worth to avail loans from LICHFL and then defaulted on them
 "ED registers money laundering case against Subhash Chandra over loan fraud")
PhonePe Invest sees 50% growth in new customer additions after rebranding
The growth follows the platform's evolution from Share. Market to PhonePe Invest in October 2026, alongside the introduction of new tools and capabilities
 "PhonePe Invest sees 50% growth in new customer additions after rebranding")
Dixon Technologies faces near-term margin headwinds as input costs rise
Strong mobile revenue growth and market share gains support Dixon Technologies, but the end of production-linked incentives, higher input costs and delayed Vivo JV production weigh on margins
 "Dixon Technologies faces near-term margin headwinds as input costs rise")
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
 "A crisis with benefits: IL&FS enters new phase with recoveries on track")
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
 "India's R&D well placed for advance manufacturing, AI: Rockwell CFO Rothe")
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.
 "Syngene expects stronger H2 on order book, Zoetis supplies; retains outlook")
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.
 "Indian Oil spends 37% of ₹32,700 crore FY27 capex target in first half")
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.
 "Godrej Properties targets ₹40,000 cr 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
 "Valuation changes no grounds to reopen TVS family settlement: InGovern")
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
 "Solex Energy eyeing US market for international debut, says chairman")
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
 "IL&FS approaches NCLT to recover ₹186 crore excess pay from ex-directors")
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
 "Escorts Kubota reports 10% decline in October sales to 16,921 units")
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
 "Bosch targets double-digit share in India's AC market within two years")
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
 "Sona Comstar expects annual investments to rise as business grows: MD")
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
 "NCLT scraps JLS Realty land transfer to Spenta, cancels ₹525 cr IIFL deal")
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
 "CDSL Q2 profit rises 24% to ₹173 cr as demat accounts grow by 7.5 million")
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
 "Virgin Media O2 may cut up to 4,000 jobs in major cost-cutting exercise")