Company News
Indian Oil eyeing Africa and Europe for petrochemical exports: CMD
Indian Oil aims to increase refining capacity to 98.4 MTPA by 2028
 "Indian Oil eyeing Africa and Europe for petrochemical exports: CMD")
Brokerages expect Vodafone Idea's revival plan to hinge on bank loans
Indus Towers to be key beneficiary as telco is planning to increase tower footprint
 "Brokerages expect Vodafone Idea's revival plan to hinge on bank loans")
FMCG firm Dabur India likely to undertake price hikes for some brands
Dabur expects high single-digit growth next year led by volume recovery on GST tailwinds, while continuing selective price hikes in inflation-hit categories
 "FMCG firm Dabur India likely to undertake price hikes for some brands")
Wipro banks on consulting business for deeper client engagement
Wipro rolls out a consulting-led, AI-powered operating model to deliver end-to-end enterprise transformation and faster ROI from digital and AI initiatives
 "Wipro banks on consulting business for deeper client engagement")
Piramal Pharma flags early recovery signs in CDMO demand as Q3 loss widens
The company attributed the weaker performance largely to continued inventory destocking in one of its large on-patent commercial products, affecting its CDMO business
 "Piramal Pharma flags early recovery signs in CDMO demand as Q3 loss widens")
Eruditus partners with foreign universities to set up campuses in India
Eruditus partners with seven global universities to launch campuses in India from 2026, offering internationally recognised degrees amid shifting student mobility trends
 "Eruditus partners with foreign universities to set up campuses in India")
Canara Bank Q3 results: Net profit up 25.6% on rise in non-interest income
Canara Bank's Q3FY26 profit rose 25.6% driven by non-interest income, but shares slid nearly 5% as NII growth stayed muted and margins narrowed
 "Canara Bank Q3 results: Net profit up 25.6% on rise in non-interest income")
Nalwa Aero inks pact with 3 helicopter players to launch low-cost air taxis
As part of this strategic collaboration, signed at the ongoing Wings India aviation show in Hyderabad, Himalaya Heli Services has placed pre-orders for Nalwa's upcoming eVTOL aircraft
 "Nalwa Aero inks pact with 3 helicopter players to launch low-cost air taxis")
Air India orders 30 additional Boeing jets, taking total orders to 250
Air India converts order for A321neos to A321XLRs
 "Air India orders 30 additional Boeing jets, taking total orders to 250")
Dow to cut 4,500 jobs, flags weak Q1 revenue amid sluggish demand
Gulf Coast infrastructure assets to a fund managed by Macquarie Asset Management for $2.4 billion to focus more on its chemicals business
 "Dow to cut 4,500 jobs, flags weak Q1 revenue amid sluggish demand")
ACKO Life Insurance to exclusively focus on pure protection products
ACKO Life Insurance shifts to a pure term-only model, aiming to curb mis-selling and tackle India's under-insurance by keeping life cover simple and protection-focused
 "ACKO Life Insurance to exclusively focus on pure protection products")
Peninsula Land banks on plotted development for next phase of growth
Peninsula Land launches Peninsula Estates to tap rising demand for plotted developments, with new projects planned in Karjat and Alibaug near Mumbai
 "Peninsula Land banks on plotted development for next phase of growth")
Persistent Systems eyes expansion in Europe, to cut reliance on US market
Persistent Systems plans to scale up its Europe business to diversify revenues away from the US, as macroeconomic uncertainty, muted IT spending and sector-wide volatility continue to challenge growth
 "Persistent Systems eyes expansion in Europe, to cut reliance on US market")
'Three days don't define 20 years': IndiGo CEO on 2025 flight chaos
Elbers said swift corrective measures helped stabilise operations within nine days, as the airline resumed carrying nearly 3.7-3.8 lakh passengers daily
 "'Three days don't define 20 years': IndiGo CEO on 2025 flight chaos")
Voda Idea charts turnaround with ₹45,000 crore push as 'AGR fog' lifts
KM Birla says AGR overhang resolution a turning point for telco's revival
 "Voda Idea charts turnaround with ₹45,000 crore push as 'AGR fog' lifts")
Promoters of Pramerica Life Insurance look to sell their major stake
Promoters of Pramerica Life Insurance are in talks with multiple insurers to sell their entire stake, amid losses and constraints on fresh capital infusion
 "Promoters of Pramerica Life Insurance look to sell their major stake")
Maruti Suzuki India's quarterly sales hit record as small cars roar
PAT grows 4% YoY impacted by one-time provision of ₹593 cr on account of the New Labour Codes
 "Maruti Suzuki India's quarterly sales hit record as small cars roar")
ONGC, RIL join hands to share resources for deepwater ops on East Coast
The companies would share onshore and offshore processing facilities, drilling rigs, marine vessels, power, pipelines, logging and well services, among other resources
 "ONGC, RIL join hands to share resources for deepwater ops on East Coast")
Amazon's global layoffs likely to impact nearly 500-700 jobs in India
Amazon has announced yet another round of layoffs. This time, the company is gearing up to lay off around 16,000 employees globally
 "Amazon's global layoffs likely to impact nearly 500-700 jobs in India")
ED attaches ₹1,800 crore worth of fresh assets of Reliance Group firms
With the latest action, the total value of attachment by the federal probe agency in the case now stands at about Rs 12,000 crore.
 "ED attaches ₹1,800 crore worth of fresh assets of Reliance Group firms")