Page 2 - Sharleen Dsouza

Noel Tata to retire as Trent chairman on Nov 11; Bahram Vakil to take over

Noel Tata will become chairman emeritus from November 12 after nearly three decades with Trent, while the retailer reports a 23.1 per cent rise in Q2FY27 net profit.

HUL Q2 results: Net profit rises 4% to ₹2,790 crore, volume growth at 7%

The FMCG major recorded its highest underlying sales growth in 14 quarters at 15 per cent, while net sales increased 14.5 per cent to ₹18,226 crore

BFSI Summit 2026: 'Fund diversification lot harder for smaller NBFCs'

Industry leaders say smaller NBFCs face limited funding access due to lower credit ratings, while larger lenders benefit from diversified funding sources and faster growth

Tata Consumer Products Q2 net profit rises 16% to ₹469 cr, sales up 14%

Tata Consumer Products reported a 16 per cent rise in Q2 FY27 net profit to ₹469 crore, supported by strong India volumes, growth businesses and higher Tata Starbucks revenue

Italian fashion brand OVS plans 11 stores by 2028, faster growth from 2029

Italian fashion retailer OVS plans to have 11 stores in India by 2028 before accelerating expansion from 2029, focusing on metros and tier-one markets as it assesses demand.

Some pockets of stress emerge in India's FMCG demand ahead of Diwali

FMCG stocking ahead of Diwali is uneven across regions, with inflation weighing on demand in the east and west while packaged-food sales rise in central and northern India

Colgate-Palmolive India Q2 net profit rises 4.3%, revenue up 12.3%

Colgate-Palmolive India's revenue rose 12.3 per cent to Rs 1,705.8 crore in Q2FY27, driven by double-digit domestic growth and strong performance in its premium toothpaste portfolio.

Sapphire Foods India Q2FY27 net loss narrows to ₹1.5 cr, revenue up 20%

Sapphire Foods India's revenue rose 19.6 per cent to Rs 888 crore in Q2FY27, with KFC recording 14 per cent same-store sales growth and Pizza Hut India reporting 5 per cent growth

Netflix India revenue grew 18% in July-September, view hours grew 24%

The streaming platform said India recorded its largest-ever quarter of paid net additions, supported by a strong content slate and its Flipkart loyalty bundle

Harish Bhat resigns as non-executive and non-independent director of Trent

Harish Bhat, who joined Trent's board in April 2014, has resigned effective October 17, citing growing professional and personal commitments in a letter to Chairman Noel Tata

Nestle India Q2FY27 net profit rises 35.9% to ₹1,010 cr; stock falls 7.8%

Nestle India's revenue rose 20.3% to ₹6,788.3 crore in Q2FY27, driven by double-digit volume growth, while its shares fell 7.76% amid concerns over rising food inflation

Tissot India growth a question of when, not if: Global CEO Sylvain Dolla

Growing at over 50%, India overtakes Switzerland; brand plans more mono-brand boutiques in Tier-II cities

IPO tide lifts FY27 credit target of BlackSoil Capital to ₹2,400 crore

Alternative credit platform has deployed ₹1,600 crore so far in FY27 as IPO-linked funding demand rises

Two trade bodies meet FM, withdraw from No UPI Day protest on October 2

AICPDF and AIMRA have withdrawn from the October 2 protest after urging the government to defer the proposed UPI MDR and raise the threshold limit to ₹5 lakh

Britannia elevates N Venkataraman to deputy MD, names Jayaraman as CFO

N Venkataraman will oversee finance, strategy, legal, secretarial and IT functions, while Ramamurthy Jayaraman will take over as chief financial officer from October 1

Maharashtra FDA orders tighter regulation of infant foods across the state

Order mandates FSSAI licences and BIS marks, tightens labelling and promotion rules, and bars advertising, discounts and benefits to health workers across Maharashtra.

M&E industry urges MIB to restore release of BARC audience ratings

JioStar's Kevin Vaz says absence of credible audience data is creating uncertainty for broadcasters, advertisers and agencies during the crucial festive season

Freight costs, shipment delays weigh on consumer durable manufacturers

Prices could rise after Diwali as freight costs more than double and shipment delays stretch beyond 15 days, though manufacturers have enough stock for the festive season

NCLT clears Sesa Care-Dabur India merger, paving way for integration

The tribunal's approval clears a key step in the transaction announced in October 2024, with Dabur looking to expand Sesa Care using its distribution network

Not party to parent's talks with potential stake buyers: Whirlpool of India

Whirlpool of India said it is not privy to the terms, price or stage of talks as promoter Whirlpool Mauritius explores a share sale with multiple potential counterparties