Shine Jacob

Wheels India Q2 net profit jumps 88% to ₹60 crore on strong export demand

Wheels India reports a 36 per cent rise in Q2FY27 revenue to ₹1,723 crore as exports reach ₹388 crore, aided by strong US demand for construction equipment and windmill components.

Chola targets 20-23% AUM growth in FY27, plans ₹5,000 crore QIP fundraise

Cholamandalam Investment expects 20-23 per cent AUM growth in FY27 and plans a ₹5,000 crore QIP, as its second-quarter net profit rises 41 per cent to ₹1,630 crore

India's NavIC navigation system awaits boost with ISRO's NVS-03 launch

ISRO is set to launch NVS-03 aboard GSLV-F18 on Friday to strengthen India's NavIC constellation, which currently has only three operational satellites for navigation services

TVS Motor Q2 net profit surges 46% to ₹1,219 crore on robust sales

TVS Motor reported a 46 per cent rise in Q2FY27 consolidated net profit to Rs 1,219 crore, driven by record quarterly sales, strong export growth and a surge in electric two-wheeler volumes

TVS Motor Company moves to unbundle mobility, consumer finance business

TVS Motor's board has approved the demerger of its consumer finance business into Harita ARC and the merger of TVS Motor Services with the parent company to unlock shareholder value

Textiles PLI scheme reopens with lower ₹100 crore turnover threshold

The Centre has lowered the minimum turnover requirement from Rs 200 crore to Rs 100 crore and extended the scheme's tenure to FY34 for applicants approved under Round 4.

Bajaj Auto Q2 net profit rises 62% to ₹3,436 cr on exports, EV sales

Bajaj Auto's consolidated revenue rose 59% to Rs 25,125.56 crore in Q2 FY27, driven by a 41% increase in exports and strong growth in electric vehicle sales and volumes

Wabtec developing India as a global centre of excellence for export

Wabtec secures a $94 million Vande Bharat Sleeper deal with Indian Railways and plans to develop India as a global manufacturing and engineering hub for exports

India Game Developer Conference returns to Chennai for its 18th edition

The four-day event, beginning October 28, will bring together over 10,000 attendees and 90 speakers, with a focus on indie game development, investment and innovation

Tata Motors' Iveco bid crosses 80% threshold as acceptances hit 87.81%

Provisional acceptances under the €3.91 billion offer reached 87.81 per cent of Iveco's share capital, clearing the revised minimum threshold of 80 per cent

Amazon plans 3,000 electric trucks with Tata Motors for India logistics

The rollout will begin in Delhi and later expand to key highways, with Amazon targeting electrification of the 2,800-km Delhi-Bengaluru-Chennai freight corridor

Agilisium shifts Asia HQ to Hyderabad; eyes $500 mn revenue in 5-7 yrs

The life sciences technology company plans to move its Asia headquarters from Chennai as it targets about 5,000 specialised professionals and $500 million in revenue over five to seven years

Tamilnad Mercantile Bank Q2 net profit rises 42% to record ₹451 crore

Tamilnad Mercantile Bank reported a record net profit of ₹451.14 crore in Q2 FY27, supported by higher interest income, improved asset quality and strong growth in advances and deposits.

IOB Q2 net profit jumps 56% to ₹1,963 crore as asset quality improves

Indian Overseas Bank reported a 26.4 per cent rise in net interest income to ₹3,867 crore in Q2 FY27, while gross NPAs fell and advances grew 24.35 per cent year-on-year.

A Kerala case, two decades later: Gyanesh Kumar faces renewed questions

As CEC Gyanesh Kumar faces protests over electoral roll revisions, a 20-year-old Kerala corruption case resurfaces despite an earlier vigilance clean chit

Shriram Finance eyes ₹20,000 crore gold loan book, bets big on EV growth

Shriram Finance aims to double gold loans' share of its AUM to 5 per cent in two years, while expanding EV financing and exploring partnerships with Japanese automakers.

Andhra Pradesh's ₹27,370 crore power transmission project gets Centre nod

The Rs 27,370 crore project under GEC-III will add 7,872 circuit km of transmission lines and 9,500 MVA of substation capacity, with the first phase expected by FY30

Swelect Energy plans ₹4,500 cr investment, eyes ingot-wafer manufacturing

Swelect Energy plans to expand its independent power producer portfolio to 1 GW over two years and enter ingot and wafer manufacturing as part of its renewable energy push

Tamil Nadu govt cuts ATF VAT to 16% in Chennai, 1% at other airports

Tamil Nadu reduces VAT on aviation turbine fuel from 29% to 16% at Chennai Airport and to 1% at other airports to lower airline costs and strengthen regional air connectivity

Shriram Finance Q2 profit jumps 59% to ₹3,684 crore on auto demand growth

Shriram Finance reported a 59 per cent rise in Q2FY27 net profit to ₹3,684 crore, aided by stronger automobile demand, while total income increased 16 per cent year-on-year