Page 111 - Company News

Grasim Q2 profit up 76% on strong building materials, chemicals performance

Driven by robust demand in cement and chemicals and expansion in paints and B2B e-commerce, Grasim Industries' Q2FY26 profit rose sharply to ₹553 crore on ₹39,900 crore in revenue

Brookfield Reit seals India's record office real estate deal for ₹13,125 cr

The transaction will expand Brookfield India REIT's operating area by 31 per cent and its GAV by 34 per cent

Niva Bupa may take hit of 50-60 bps on combined ratio after GST, ITC change

Niva Bupa expects a modest 50-60 basis point hit from GST-related ITC loss but aims to offset it through higher policy sales, revised distributor commissions, and cost efficiencies

Microsoft 365 Copilot to offer in-country data processing in India

India among first four markets to get local data processing for Microsoft 365 Copilot by end-2025, aimed at boosting trust and regulatory compliance

Alto tops Maruti Suzuki charts as highest-selling car at 4.7 mn units

Maruti Suzuki crosses 30 million domestic car sales as Alto leads with 4.7 million units, followed by WagonR and Swift among all-time bestsellers

Rakshit Hargave named CEO and executive director of Britannia Industries

Former Birla Opus CEO Rakshit Hargave to take charge of Britannia Industries from December 15, bringing decades of global consumer sector experience

United Spirits begins strategic review of Royal Challengers Sports

Move part of Diageo-backed firm's portfolio review as RCB franchise remains non-core; review process expected to conclude by March 2026

Chalet Hotels sees 'rapid growth' once new room occupancies stabilise

Business travel, MICE, and wedding season expected to drive Chalet Hotels' occupancy and RevPAR growth in H2 FY26

Transguard Group partners with myTVS to boost UAE automotive, aviation

The collaboration is designed to introduce innovative solutions, drive industry-wide efficiencies, and competitiveness across these key sectors, the company said

Muthoot Microfin Q2 profit halves to Rs 30.5 crore, NII down 13%

The microfinance lender's profit drops 50.5% YoY amid lower interest income; sequential growth aided by stable margins and slight loan portfolio uptick

Britannia appoints ex-Birla Opus chief Rakshit Hargave as new CEO

The management change comes as consumer goods makers in India are navigating period of tax rate cuts and shifting demand trends, adding pressure to protect margins and sustain growth

Air India to restart Delhi-Tel Aviv direct flights from January 2026

This is expected to provide a stimulus for tourism and economic exchange between the two nations, the Israel Ministry of Tourism said in a statement

Shriram General Insurance eyes four-fold growth in GWP to ₹10k cr by 2030

The insurer plans to quadruple its premium base by 2030 as it expands its advisor network and motor portfolio while maintaining strong profitability and solvency

Ultrahuman to relaunch in India with more products soon: CEO Mohit Kumar

The company recently launched a home health device that monitors environmental markers, as well as a blood testing service that helps users interpret results in the context of lifestyle and longevity

M3M enters integrated township segment, to invest Rs 7,200 cr in Gurugram

M3M India launches its 150-acre Gurgaon International City township project, marking its foray into integrated township space with plans to invest Rs 7,200 crore and generate Rs 12,000 crore topline

AI ads: Blurring the line between information, recommendation and promotion

Google's decision to try out advertisements within its Gemini AI experience could change both revenue structures as well as how advertising is targeted, but it also raises several ethical questions

Microsoft to enable local data processing for Copilot in India by 2025

Microsoft is pleased to announce that we are making in-country data processing for customers' Microsoft 365 Copilot interactions available in 15 countries around the world

Lighthouse Canton secures $40 million from Peak XV to fuel global expansion

The investment firm's first external raise will fund technology upgrades, senior hires, and market growth across Asia, the Middle East, and Europe

Fitch Ratings revises outlook on Adani Ports, Adani Energy to 'stable'

The outlook revisions reflect Fitch's view that contagion risks across the Adani Group have eased

September fire at NY plant to hit FY26 cash flow up to $550-650 mn: Novelis

This includes $100-150 million impact in adjusted earnings before interest, tax, depreciation and amortisation (Ebitda), according to a regulatory filing