Page 121 - Company News
Shriram Finance Q2 results: PAT up 7% to ₹2,314 cr, asset quality improves
The NBFC firm had earned a consolidated net profit of Rs 2,153 crore in the second quarter of the previous fiscal
 "Shriram Finance Q2 results: PAT up 7% to ₹2,314 cr, asset quality improves")
Uber rides festive surge in India as courier demand hits record high
Strong growth in Uber Courier and Courier XL fuels expansion plans into 10 more cities next year, highlighting India's rising appetite for on-demand delivery
 "Uber rides festive surge in India as courier demand hits record high")
L&T partners with US firm to manufacture unmanned aircraft for Indian Army
L&T's engineering, precision manufacturing and system integration capabilities in defence and aerospace and GA-ASI operational expertise will be utilised in this strategic pact
 "L&T partners with US firm to manufacture unmanned aircraft for Indian Army")
Solar exporter Waaree Energies rejigs supply chain to bypass US tariffs
Waaree's push for the world's second-largest solar market comes amid escalating trade tensions between New Delhi and Washington DC
 "Solar exporter Waaree Energies rejigs supply chain to bypass US tariffs")
Sam Altman cancels Tesla Roadster reservation after '7.5 years of wait'
Last year, Musk said the Roadster's design was nearing completion and promised it would be "something spectacular," indicating that production was planned for 2025
 "Sam Altman cancels Tesla Roadster reservation after '7.5 years of wait'")
Air India seeks $1.1 bn from owners after crash, airspace restrictions
After facing multiple setbacks, the ailing carrier is far from its goal of achieving operational break-even by the end of March next year and has sought ₹10,000 cr from Tata Sons, Singapore Airlines
 "Air India seeks $1.1 bn from owners after crash, airspace restrictions")
Pluro secures ₹125 crore Series A funding led by Bessemer Venture Partners
The company raised the funds at a valuation of Rs 1,000 crore, which will help it expand its network of fertility specialists, invest in technology, and deepen clinical capabilities
 "Pluro secures ₹125 crore Series A funding led by Bessemer Venture Partners")
Happiest Minds targets $50 mn Gen AI revenue over next three years
Happiest Minds expects $50 mn revenue from generative AI over the next three years, with 22 scalable projects in play. Q2FY26 profit rose 9% to ₹54 crore on 10% revenue growth
 "Happiest Minds targets $50 mn Gen AI revenue over next three years")
Lenskart raises ₹3,268 crore from 147 anchor investors ahead of IPO
The eyewear retailer priced shares at the top of its ₹382-₹402 band, drawing strong demand from global funds and India's largest mutual and insurance investors.
 "Lenskart raises ₹3,268 crore from 147 anchor investors ahead of IPO")
Target lays off 150 employees in India as part of global corporate job cuts
US retailer Target is cutting 150 jobs at its India capability centre as part of a global layoff of 1,800 corporate roles
 "Target lays off 150 employees in India as part of global corporate job cuts")
Dabur India launches ₹500 cr venture arm to back digital-first brands
GST impact of ₹100 crore in September quarter, says CEO
 "Dabur India launches ₹500 cr venture arm to back digital-first brands")
Reliance Jio users to receive ₹35,100 Google AI Pro boost, for free
Jio users to receive 18 months of free Google AI Pro access as telecom giant positions for AI infrastructure business
 "Reliance Jio users to receive ₹35,100 Google AI Pro boost, for free")
Centre to seek legal advice on SC order allowing Vi AGR dues review
The telecom department will review the Supreme Court's order permitting reassessment of Vodafone Idea's AGR dues for FY16-17, as the government weighs legal options and next steps
 "Centre to seek legal advice on SC order allowing Vi AGR dues review")
Adani Airports to launch AI-powered multilingual helpdesk for passengers
The Adani Group currently operates seven airports - in Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati, and Thiruvananthapuram
 "Adani Airports to launch AI-powered multilingual helpdesk for passengers")
Bira 91 employees write to central government over salary, PF dues
Around 90 employees have written to multiple ministries alleging unpaid dues, PF and TDS violations, and non-payment of gratuity, urging an immediate probe
 "Bira 91 employees write to central government over salary, PF dues")
OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation
Chief Financial Officer Sarah Friar has told some associates the company is aiming for a 2027 listing, the people said. But some advisers predict it could come even sooner, around late 2026
 "OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation")
BSNL Q2 revenue at Rs 5,347 cr; achieves 93 pc of quarterly target: Scindia
After the quarterly review of BSNL, the minister said the company's revenue for the first half of the current fiscal stood at ₹11,134 crore
 "BSNL Q2 revenue at Rs 5,347 cr; achieves 93 pc of quarterly target: Scindia")
Nippon Life Q2 results: Profit falls 4% to ₹345 cr, revenue rises 15%
The asset management company had earned a PAT of ₹360 crore in the year-ago period
 "Nippon Life Q2 results: Profit falls 4% to ₹345 cr, revenue rises 15%")
DLF Q2 profit down 15%, revenue falls 17% despite sales performance
According to the company's consolidated balance sheet, this drop could be attributed to rising overall tax expenses.
 "DLF Q2 profit down 15%, revenue falls 17% despite sales performance")
United Spirits Q2 profit rises 36% on strong sales and margin gains
The company's Q2FY26 net profit rose to ₹464 crore on 11.6% higher revenue; CEO Praveen Someshwar says festive and wedding season to drive H2 growth
 "United Spirits Q2 profit rises 36% on strong sales and margin gains")