Company News

Higher crude prices lift RIL's O2C revenue 30% to ₹2 trillion in Q1FY27

The segment's Ebitda rose 17 per cent as stronger fuel cracks and downstream margins offset the impact of higher feedstock costs and lower production during planned maintenance

Piramal Finance eyes 25% unsecured loan mix in 2-3 years: MD & CEO

The NBFC plans to expand unsecured lending, gold loans and rural finance as improving asset quality and strong retail demand support its FY27 growth plans

SC moved against Bombay HC order on CBI probe in RIL-ONGC gas row

The petitioner has challenged the High Court's refusal to order a CBI investigation into allegations that Reliance Industries extracted gas from an adjoining ONGC block

HCLTech launches Global Technology Center in GIFT City for AI-led solutions

The new facility in Gujarat's GIFT City will deliver AI-led solutions for financial services while supporting technology innovation and industry-academia collaboration

Cars24 says AI is becoming its operating system as usage surges across biz

SoftBank-backed auto-tech firm processed more than 1.1 trillion AI tokens in the June quarter as AI expanded across engineering, customer support, inspections and lending

MakeMyTrip India files DRHP for India IPO through confidential route

Parent co MakeMyTrip Ltd and ibibo Group Holdings to undertake OFS

Novo Nordisk's Wegovy gets CDSCO nod for fatty liver disease indication

The approval makes Wegovy the first GLP-1 therapy cleared in India for treating adults with non-cirrhotic MASH and moderate-to-advanced liver fibrosis

SP Group completes long-delayed debt fundraising worth ₹21,500 crore

SP Group, Tata Sons' largest minority shareholder, owns around 18.4% of the company's shares, has struggled for years to monetise the holding

Jindal Stainless supplied 40% steel for India's first hydrogen train

The company said its Jajpur and Hisar plants supplied the specialised stainless steel used in India's first hydrogen-powered train, flagged off by Prime Minister Narendra Modi

Reliance promoters raise stake via market purchases worth up to ₹9,000 cr

The promoter group increased its holding through market purchases under Sebi's creeping acquisition rules, taking its stake above 50%

CCI dismisses plea against Jio, 4,500 firms over anti-competitive conduct

The plea accused over 4,500 companies, including Reliance Jio Infocomm, of anti-competitive practices, including market sharing and bid-rigging.

Reliance Jio gets IN-SPACe approval for 1,600-satellite LEO network

Reliance Jio plans to deploy 1,600 low-Earth orbit satellites offering up to 5 Tbps capacity, with 20-22 ground stations to provide broadband and mobile satellite services across India

Tata Electronics to launch India's first chip fab using older technology

Tata Electronics is preparing to manufacture India's first large-scale semiconductor wafers using 90nm process technology at its Dholera plant, marking a shift from its earlier 28nm plans

McLeod Russel to sell tea gardens as NARCL withdraws insolvency bid

The tea producer plans to begin selling its first tranche of Assam gardens after the insolvency case was withdrawn, enabling it to proceed with debt restructuring

Weak earnings drag ICICI Lombard shares by 10% to second steepest fall

The general insurer's shares tumbled after a 46 per cent drop in June-quarter profit, as higher claims, reserve provisioning and competitive pressures weighed on profitability

PhysicsWallah raises Sarrthi IAS stake to 51%, takes majority control

Edtech firm completes the second tranche of its investment in Sarrthi IAS, taking majority control as it strengthens its presence in the civil services test-preparation market

ITC Hotels posts 36% rise in Q1 FY27 profit, flags West Asia uncertainty

The hospitality company reported higher June-quarter earnings on revenue growth but cautioned that the West Asia conflict has disrupted air travel and added to inflationary pressures

StanChart values partnership, expects tie-up to continue: ICICI Pru Life

The insurer says its decade-long bancassurance partnership with Standard Chartered remains strong despite speculation following Prudential Plc's Bharti AXA Life acquisition

Maruti to contest Raipur consumer court order over E20-compatible vehicle

Maruti Suzuki will challenge a Raipur consumer court order directing it to replace a customer's vehicle, saying the car was E20-compatible and the fuel was contaminated

South Indian Bank posts 17.3% rise in Q1 FY27 profit at ₹378 crore

Private sector lender's June quarter earnings were supported by higher net interest income, lower provisions and an improvement in asset quality despite a decline in other income