Company News

MakeMyTrip swings to $1.8 million profit in Q2 FY27 despite headwinds

MakeMyTrip's gross bookings rose 20.9% in constant currency terms to $2.7 billion, while high airfares and capacity constraints continued to weigh on its air ticketing business.

Bonfiglioli to review royalty arrangement with Indian arm where appropriate

Bonfiglioli plans to build on its Indian manufacturing base through greater localisation, technology development and exports, while remaining open to capacity expansion and strategic acquisitions

Ather reports ₹1.26 cr profit in Sep qtr, plans to further boost capacity

Ather Energy plans to add 225,000 units of annual production capacity by Q2FY28, investing ₹122 crore across its Hosur and Chhatrapati Sambhajinagar plants

Noel Tata challenges resolution to reappoint Chandra as Tata Sons chairman

Noel Tata has challenged the validity of N Chandrasekaran's five-year reappointment as Tata Sons chairman, citing procedural lapses and the absence of the resolution from the meeting agenda

Tata Communications to invest $400-450 million in India AI fibre network

The company will build a 10,000-km network with 7.2 petabytes of capacity across key data centre and AI hubs, with meaningful revenue contribution expected from FY28-29

HCL opens 2 development centres to support Rapidus' chip engineering needs

The centres, located in Bengaluru and Hubli, will draw on HCLTech's core engineering expertise to offer Rapidus a range of capabilities

Bharat Petroleum expects Russian crude purchases to fall in November

Russian volumes in November would be lower because West Asian grades are more commercially viable compared to Russian grades, Vetsa Ramakrishna Gupta, BPCL's head of finance said

L&T Technology Services, Nokia sign deal to support engineering in India

The contract brings together LTTS' engineering capabilities with Nokia's telecommunications technology work

L&T Tech Services bags five-year Nokia contract to support R&D in India

The partnership will establish a dedicated offshore development centre in India, with work spanning 5G networks, AI-driven operations, software development and next-generation telecom infrastructure

Biocon expands global reach of Stelara biosimilar to nine more markets

The biosimilar to Johnson & Johnson's Stelara will be commercialised in nine additional markets, expanding Biocon's global reach in immunology

Chandrasekaran, Noel in focus ahead of Tata Steel, Tata Sons board meets

Tata Trusts defends move to stay private, Charity Commissioner to take call

Q2 results review: Early birds reflect a commodity boost amid price surge

Higher commodity prices boost power, metals and refining firms, lifting early-bird companies' combined net profit 25.5% year-on-year in Q2FY27

Accel once rejected Zetwerk: Now it sells a slice of its stake in the IPO

The VC firm trimmed its stake in the manufacturing platform's ₹5,012 crore-offering but says it remains bullish on the rest

Senco Gold to acquire 68% stake in August Jewellery for ₹68 crore

The acquisition will strengthen Senco Gold's digital and omnichannel strategy and expand its reach among younger consumers

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.

CCPA fines Hogar Technologies ₹1 lakh over misleading walkie-talkie ads

The authority said that advertisements must disclose operating frequencies, licensing requirements and other essential regulatory information to enable informed consumer decisions

HDFC Bank launches flexible EV car loan with longer battery repayment

The Flexi Electric Car Loan offers separate financing for the vehicle body and battery, allowing customers to customise EMIs and repay the battery portion over a longer tenure

Microtek invests over ₹400 crore to accelerate solar business growth

With nearly four decades of power management experience, Microtek's portfolio spans four pillars: power generation, distribution, conditioning and storage

AI at inflection point, future belongs to those who reinvent: HCLTech CEO

He made the remarks in a LinkedIn post marking ten years since he took charge of the IT services major

L'Oreal sees India biz gaining momentum; expands skincare, online presence

India recorded a 'double-digit growth' in the group's consumer products division business in the September quarter