Page 117 - Company News

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

Mitsubishi buys stake in KIS Group Indonesia to enter global biogas market

KIS Group, founded by K R Raghunath in 2006, plans to invest about $1 billion in renewable gas and biofuel projects across Southeast Asia and India by 2030

M3M India to invest ₹7,200 cr to build 150-acre township in Gurugram

In a statement, the company said it has launched the township project 'Gurgaon International City' (GIC), spread across 150 acres

AI marketing firm MoEngage secures $100 mn funding for global growth

Customer engagement platform plans to expand its technology suite and teams

NCLAT rejects Reliance Realty plea, orders liquidation be completed quickly

A two-member bench said the liquidation process should not be disrupted and derailed by the Appellant (Reliance Realty)

IPO-bound Pine Labs plans to expand presence in global markets: CEO

At present, its technology infrastructure supports digital transactions and payment processing in India as well as in 20 international markets

Nvidia joins $850 million India Deep Tech Alliance to boost AI startups

Nvidia has joined Indian and US investors in the India Deep Tech Alliance, which has raised over $850 million to support startups in AI, space, semiconductors and robotics

Brookfield India Reit plans to acquire business park for over ₹13,000 cr

This will fall in related party transaction and is proposed to be done at arm length basis, the company said

Adani Enterprises to raise up to ₹25,000 crore through rights issue

Fundraise to push growth across airports, data centres, green energy, roads

Hero MotoCorp unveils micro electric four-wheeler under VIDA Novus range

The company also launched various sustainable and intelligent mobility solutions, including a portable, wearable micro mobility device, NEX 1, and an electric trike, NEX 2