Company News

Mahindra Lifespaces' Q2 profit falls 66% despite strong sales growth

Mahindra Lifespaces reported a 65.9 per cent decline in Q2FY27 net profit to Rs 16.34 crore, while consolidated sales rose 32 per cent to Rs 1,126 crore during the quarter

Sunil Kumar appointed ONGC chairman for three years from December 7, 2026

The ACC has approved Sunil Kumar's appointment as ONGC chairman for a combined three-year tenure starting December 7, 2026. He will succeed Arun Singh, who took charge in 2022

CureBay raises ₹100 crore in Pre-Series C round to expand rural network

The Bhubaneswar-based healthtech firm raised Rs 69 crore in equity and over Rs 30 crore in debt to expand its rural clinic network and strengthen AI-powered healthcare services

Jindal Stainless Q2FY27 net profit rises 11% to ₹898 cr, revenue up 18%

Jindal Stainless reported an 11 per cent rise in Q2FY27 net profit to Rs 898 crore, supported by higher sales volumes, strong exports and demand for value-added products

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

TravClan raises $5 million from Flipkart, August One and Trifecta Capital

The travel-tech startup plans to use the funding to expand its global supply network, strengthen AI capabilities and scale destination operations across key international markets

Sony India FY26 net profit rises 19% to ₹187 crore, revenue grows 0.85%

Sony India's revenue from operations rose 0.85% to ₹7,918 crore in FY26, while total income increased 1.32% to ₹8,023 crore, according to regulatory filings accessed through Tofler

BCGCL begins construction work on ₹25,000 crore coal gasification project

BCGCL has started construction at its Odisha coal gasification project, with most tenders awarded, as India targets 100 million tonnes of coal gasification capacity by 2030 to cut import dependence

Can AI keep your secrets safe? Eternal's dark.ai to offer encrypted chats

Eternal founder Deepinder Goyal plans to launch dark.ai, a privacy-focused AI assistant for founders, researchers, businesses and governments, globally by the end of 2026

Leading NBFCs flag early signs of repayment stress in gold loan segment

Bajaj Finance and Piramal Finance flag early signs of stress in gold loans as rapid lending growth raises concerns over repayment delays, borrower leverage and defaults

US court orders Meta to pay $25 bn for misleading users on data privacy

A New Mexico judge ordered Meta to pay $25 billion after a jury found 43 million violations of state consumer protection laws linked to the Cambridge Analytica data privacy scandal.

Jio Platforms IPO fully subscribed in 100 mins; booked 3.16x on Day 1

QIBs lead at 9.42x their quota, while retail investors subscribe to just 0.73x

Flipkart's Big Billion Days draws 9 in 10 shoppers as orders rise 20-22%

Flipkart's 11-day festive sale saw orders, units and buyers rise 20-22% year-on-year, with nearly half of buyers from Gen Z and about 60% from Tier 2-plus cities

Prosus-backed Ixigo aims to lead India's budget-to-mid hotel OTA market

Ixigo aims to become India's largest budget-to-mid-market hotel booking platform in four to five years, with plans to grow the business by over 100% in the next four quarters.

KENT RO invests ₹250 crore in new lithium battery and inverter business

KENT RO's new energy division has an annual capacity of 3.5 GWh at its Noida plant, with plans to expand to 10 GWh in six months as it enters the energy storage market

Zomato parent Eternal to swap Adonmo stake for ₹156 crore Mygate shares

Eternal will exchange its entire Adonmo stake for Mygate shares valued at Rs 156 crore and transfer its going-out India business to a subsidiary for Rs 130.76 crore

Eternal plans global launch of privacy-focused AI platform Dark.AI in 2026

Eternal founder Deepinder Goyal says Dark.AI will offer encrypted conversations and user-controlled memory, while AI agents pose limited risks to Zomato and Blinkit

Bharat Biotech arm, VeGen Bio to manufacture advanced cancer treatment

Partnership expands vaccine maker's push into cell and gene therapies; companies target commercialisation of blood cancer treatment by 2028

BFSI demand, AI revenue help Indian IT firms weather Q2 growth slowdown

BFSI demand and rising AI revenue helped Indian IT firms withstand weak growth in Q2FY27, with Tech Mahindra standing out, although analysts caution that a broader recovery remains elusive

Mahindra Holidays & Resorts Q2 profit rises 16.4% to ₹19.71 crore

The company's net profit was ₹16.93 crore during the corresponding period of the previous fiscal year, Mahindra Holidays & Resorts India said in a regulatory filing