Page 11 - Company News

Oil India chairman Ranjit Rath among applicants for top job at ONGC

Rath, 54, is seeking the ONGC chairman and managing director's post for a second consecutive year after the government relaxed eligibility criteria, including the maximum age for the position

Maruti Suzuki chairman calls for faster reforms, easier business climate

Chairman Bhargava also said that considering how the car industry has grown post GST2.0, there could be some changes in the company's longer-term target

Ownly, magicpin target bigger share of India's food delivery market

The developments come as India's food delivery sector sees more platforms seeking a foothold in the market, while restaurants push for greater control over commercial terms and customer-facing promoti

Jindal Stainless to identify site for ₹40,000 cr Maharashtra project: CEO

According to the company, the proposed stainless steel facility will have a total capacity of 4 million tonnes per annum and will be constructed in phases

CIAL posts record profit of ₹502 cr, plans foray into airport consultancy

The Board also recommended a dividend of 55 per cent for shareholders for the financial year 2025-26, subject to the approval of the company's Annual General Meeting

Loan book to cross ₹2 trn milestone in FY27 on firm demand: Hudco CMD

To fund asset expansion, the company plans to borrow Rs 75,000 crore from both domestic and overseas markets during the current fiscal

Hyundai Motor India expects exports volume to recover from Q2FY27: CEO

In the first quarter, Hyundai Motor India Ltd (HMIL) had witnessed a decline in its exports impacted by the West Asia war and temporary production disruption

Delhivery rejigs top leadership: Vani Venkatesh elevated, Ajith Pai to exit

Pai, a founding member of Delhivery, has served as CFO and later as COO. His responsibilities have been transitioned to the company's new executive operations leadership

Flipkart Minutes enters premium grocery segment, launches pvt label Pykd

The move comes as quick-commerce companies expand beyond everyday grocery products and seek to attract customers with higher-value purchases

FSSAI calls Diageo's 'matured in American oak casks' claim misleading

United Spirits told stock exchanges this week it anticipated no financial implications from the ban but ​it was closely monitoring the matter

Kirloskar Brothers bets on data centres, thermal power to drive growth

As of June 2026, KBL's domestic industrial order book stood at over ₹2,300 crore, while the international industrial order book was around ₹1,500 crore

Hindalco bets on ₹50K crore projects as debt peaks to ₹80,000 crore

The Aditya Birla Group's metals' company reported its strongest-ever quarterly performance in the first quarter of FY27

Wonderful launches India operations, plans to hire 1,000 engineers locally

The Israel-founded, Amsterdam-headquartered startup plans to establish a delivery centre and recruit at least 1,000 forward-deployed engineers as it expands in India

Delhi HC stays FSSAI order restricting Dabur's use of '100%' product claims

The court said Dabur should have been heard before the directive was issued; the company warned that compliance could affect products worth more than ₹150 crore

GCPL expects stable demand to continue; El Niño could pose a threat

The FMCG major expects high-single-digit volume growth and revenue growth in the teens, while commodity prices at current levels should limit further price increases

We have definitely missed the payments bus, says SBI Chairman Setty

SBI's YONO Pay is gaining traction among the bank's customers, but its volumes remain far behind market leaders PhonePe and Google Pay, which dominate UPI transactions

Hero MotoCorp sees 2W industry nearing double-digit volume growth in FY27

Strong demand after GST rate cuts is expected to support industry growth in FY27, while Hero ramps up capacity for Vida electric scooters, ICE scooters and Splendor

Tech Mahindra, I-HUB QTF tie up to develop trapped-ion quantum middleware

The partners will develop middleware for an indigenous 20-qubit trapped-ion quantum computer, with the project expected to be completed by December 2026 in India

Titan Q1FY27 results: Net profit soars 62.8% to ₹1,777 cr, sales up 40.31%

Titan Company reported a 63% rise in Q1 FY27 net profit to ₹1,777 crore, with consolidated sales rising 40% to ₹20,787 crore, led by its jewellery business

BlissClub raises ₹160 cr to expand retail footprint and product portfolio

Singularity AMC led the funding round, with founder Minu Margeret and existing investors backing the activewear brand's next phase of growth