Page 115 - Company News

Blackstone-backed Nexus Select Trust bullish on consumption growth

Nexus Select Trust targets 13% annual portfolio growth through mall acquisitions and rising consumption, with record festive sales and strong demand across jewellery, fashion, and electronics

Apple to dial up India output to $28 billion as exports rise sharply

Apple eyes $28 billion iPhone production in India for FY26, driven by a surge in exports expected to touch $22 billion - marking a 28% jump in its final PLI scheme year

After ₹100 trillion biz, SBI enters $100 billion market capitalisation club

Entering top 10 global banks by m-cap by 2030 next aim, says Chairman Setty

B9 Beverages founder assures employees that he will pay them their dues

Bira 91 maker's CEO Ankur Jain says proceeds from a planned asset sale will be used to clear unpaid salaries, PF dues, and revive operations amid investor disputes

AM/NS India EBITDA up 34% in September quarter on higher shipments

ArcelorMittal Nippon Steel India's EBITDA rose to $217 million in Q3 2025 as steel shipments increased, though softer prices weighed on overall revenue

Mankind Pharma Q2 PAT drops 21% on high finance costs; revenue up 20%

Mankind Pharma's Q2 FY26 profit fell to Rs 520 crore on higher finance and input costs, even as strong domestic and export growth lifted revenue by over 20%.

Paytm launches travel app with AI integration for seamless trip planning

Paytm has launched Paytm Checkin, an AI-based travel app that uses conversational tools to help users plan and book flights, trains, buses, and metro rides effortlessly

Amazon MX Player doubles users' time spent on CTV, mobile viewing

Amazon MX Player has doubled its viewing time on CTVs and mobile devices through hit shows like Rise and Fall and a focus on unscripted entertainment and AI-driven innovation

Lupin Q2 PAT rises 73% on strong growth across key global markets

Lupin's consolidated profit rose 73% YoY to Rs 1,478 crore in Q2 FY26, led by robust sales in India and the US and higher margins from an improved product mix

Adani's Kutch Copper inks deal with Australia's Caravel minerals project

Initial capital expenditure for the project is estimated at $1.10 billion, with KCL granted first rights to participate in direct equity or project-level investments during the term of the agreement

Godrej Properties' Q2 profit grows 21% on strong bookings, sales momentum

Godrej Properties' Q2 profit rose 21% YoY to Rs 405 crore, beating analyst estimates, driven by strong bookings and new launches despite a 32% revenue decline

ONE Group secures additional land in Mohali, eyes ₹600 crore in revenue

ONE Group Developers has received approval for an additional 4.38-acre land parcel in its 150-acre Mohali project, boosting total development potential and future revenue prospects

Zydus PAT up 38% on strong India, US growth; board okays ₹5K cr fundraise

Zydus Lifesciences reported a 17% YoY rise in revenue to Rs 6,123 crore and a 38% jump in profit to Rs 1,258.6 crore in Q2 FY26, driven by India and US formulations performance

Allied Blenders plans double-digit growth, higher margins by FY27

Allied Blenders plans to invest Rs 547 crore to strengthen backward integration, expand globally, and grow its premium and luxury portfolio, aiming for higher margins and sustainable growth

Cupid to earn up to ₹115 crore annually from South Africa procurement deal

The procurement is expected to commence from December 2025 and Cupid is coordinating closely with South African approved distributors for phased roll out, the company said in a statement

Ajmera Realty to launch projects worth ₹12,000 cr in Mumbai's Wadala

Ajmera Realty plans Rs 12,000 crore project launches in Wadala, including luxury homes and office spaces, as the developer bets big on Mumbai's premium real estate market

Biocon arm Syngene eyes late-stage clinical supplies amid regulatory shift

As regulators ease biosimilar trial norms, Syngene International is expanding into late-stage clinical supply production, betting on biologics and peptide manufacturing for growth

Shriram Life posts 17% rise in individual new business premium in H1FY26

The insurer's individual new business annualised premium equivalent (APE) grew 8 per cent YoY to ₹544 crore, while renewal premiums surged 43 per cent

Blackstone-backed Horizon Industrial Parks names Urvish Rambhia as CEO

Horizon Industrial Parks has appointed Urvish Rambhia as CEO to lead its next growth phase with Blackstone, as India's logistics and warehousing sector continues its strong upcycle

Zomato Hyperpure leases 5.5 lakh sq ft of warehousing space in Bhiwandi

Zomato Hyperpure has leased 5.5 lakh sq ft of warehousing space in Bhiwandi at Rs 1.7 crore a month, its third warehouse deal in the Mumbai Metropolitan Region in 2025