Page 128 - Company News

Tata Consumer distributors told to halt targets over unresolved issues

AICPDF urges distributors to stop pursuing company sales targets as grievances over working capital, damages, and trade practices remain unaddressed

Indian Oil reports ₹7,817 cr net profit in Q2FY26, revenue up 3.9%

In Q2FY25, IOCL recorded a net loss of ₹169.58 crore on the back of a drop in average gross refining margins (GRMs)-the revenue refiners accrue from transforming each barrel of crude oil into refined

JK Tyre Q2 results: Net profit up 62% at ₹227 crore on strong revenue

Total expenses in the quarter were higher at Rs 3,714.05 crore as compared to Rs 3,433.55 crore in the same period last fiscal, the company said

VIL says keen to work with DoT to protect 200 mn users after SC AGR order

This is an impetus to the Digital India vision and ambition of the Prime Minister, the telco said

LTIMindtree wins $100 mn deal from US chemicals and polymers firm

The multi-year contract strengthens LTIMindtree's large deal momentum as it delivers AI and automation-led IT transformation for a US-based global manufacturer

Rashmi Group to invest ₹10,000 cr in steel, power plant in West Bengal

The Kolkata-based group to set up a 2.8 MTPA steel plant and 400 MW captive power facility in Purulia, with state-backed fast-track clearances under ultra mega status

PRISM's SUNDAY Hotel enters wildlife tourism, plans 10 resorts in India

The hospitality brand's first property near Jim Corbett opens with 50 rooms, as it eyes expansion across Ranthambore, Bandhavgarh, Kanha, and southern destinations

LTIMindtree inks $100 mn multi-year deal with US-based chemicals major

The partnership aims to enhance operational efficiency using artificial intelligence, automation, and process optimisation

Shriram Properties to develop ₹600 cr worth housing project in Bengaluru

Shriram Properties Ltd, one of the leading real estate developers in the country, has a significant presence in Bengaluru, Chennai, Pune and Kolkata

Zerodha plans to roll out US stock trading for users from next quarter

Zerodha is developing the product under GIFT City framework, which offers regulatory clarity for international financial services and investments under the IFSCA

Japanese auto major Honda Motor picks up minority stake in OMC Power

As per industry sources, Honda Motor is learnt to have picked up a stake of 5-10 per cent in OMC Power and may increase its share in the future

SC allows Centre to reassess Vodafone Idea's AGR dues, cites policy grounds

The Supreme Court said the Centre can review Vodafone Idea's AGR dues, calling it a policy decision; the move gives relief to the debt-hit telecom firm and protects 200 million consumers

Unilever, L'Oreal report strong growth from India's qcom, online channels

Unilever and L'Oreal, in their earnings calls for the September quarter, reported a doubling of their sales, helped by hyper-local delivery platforms

Godrej Properties eyes over ₹10,000 cr revenue from Worli housing project

The company informed that it has received the project registration certificate from the Maharashtra Real Estate Regulatory Authority (MahaRERA) for its upcoming residential development, Godrej Trilogy

Mehli Mistry's term renewal: Three Tata Trusts trustees yet to respond

If Mehli Mistry fails to get a nod from all trustees of Tata Trusts for his term renewal, it will be an unprecedented development that could escalate the ongoing tensions

Workers reject Boeing's latest offer after nearly three months on strike

In September, IAM members approved the union's proposed four-year contract. However, Boeing management has refused to consider the offer

OVL seeks legal advice after US sanctions oilfield with Indian stake

US President Donald Trump on October 22 announced new sanctions against two of Russia's largest oil companies, Rosneft and Lukoil, in a bid to pressure Moscow into ending its war with Ukraine

Accel partners with Prosus to co-invest in Indian science-led startups

Firms will match investments up to $2 million in founders building breakthrough technologies from semiconductors to robotics

Novartis nears deal to acquire Avidity Biosciences for over $70 per share

Avidity rose 1.2% to close at $49.15 in New York trading Friday, giving the company a market value of about $6.8 billion

Lenskart to launch IPO on Oct 31, aims to raise ₹2,150 cr via fresh issue

The company's maiden public offering would conclude on November 4, and the bidding for anchor investors would open for a day on October 30