Page 13 - Company News

NLC India lines up ₹37,000 crore for power and mineral projects in Odisha

The proposed 3,200 Mw thermal power plant will cost Rs 35,000 crore, alongside a Rs 2,000 crore beach sand mineral processing facility and a planned coal gasification-fertiliser project

Oil India discovers natural gas in KG Basin's shallow offshore waters

The discovery at the Godavari-1 well in the Matsyapuri formation recorded natural gas flow of up to 2 lakh standard cubic metres per day during continuous testing

Failte-Sigenergy JV to build inverter, battery storage plants in India

The company also plans to set up a research and development centre focused on battery energy storage systems in ​India

IBM India leases 2.83 lakh sq. ft. at Bagmane tech park in Bengaluru

IBM India has leased office space at Bagmane Solarium City in Bengaluru for 10 years, with monthly rent of ₹2.49 crore, a ₹14.96 crore deposit and additional fit-out costs

Flipkart deal helps Netflix log record quarterly subscriber gains in India

Netflix reported record quarterly paid subscriber additions in India and 18 per cent revenue growth in Q3 2026, aided by its transaction-based loyalty partnership with Flipkart

Petronet LNG, Gruner Renewable form JV to invest ₹1,200 crore in CBG plants

The 50:50 joint venture plans to develop 10 compressed biogas plants across India, with a combined capacity of 180 tonnes per day, strengthening Petronet LNG's renewable-gas presence

Tech Mahindra buys Finastra's cash management suite to expand portfolio

The deal includes Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management, ensuring customer continuity and supporting future growth.

Himadri Speciality Chemicals plans ₹1,613-cr capacity expansion

Himadri Speciality Chemicals plans to invest ₹1,125 crore in lithium iron phosphate (LFP), ₹248 crore in speciality chemicals, ₹70 crore in carbon nanotubes and ₹170 crore in super speciality

Deepak Reddy to replace Tapan Singhel as Bajaj General Insurance MD & CEO

Deepak Reddy will take over as MD & CEO in April 2027, subject to IRDAI approval, as Tapan Singhel approaches the regulatory limit of 15 years at the helm of an insurer.

Jindal Steel Q2 net profit rises 21% to ₹771 cr on higher sales volumes

Jindal Steel reported a 21% rise in Q2FY27 net profit to ₹771 crore, supported by higher sales volumes, while total income grew 26% to ₹15,289 crore.

Adani Power Q2FY27 results: Net profit rises 142% to ₹7,019 crore

Operating revenue increased by 29.8 per cent to Rs 17,014.06 crore during the quarter under review from Rs 13,106.34 crore in Q2 FY26, it said

Meesho's branded push reaches deeper into small-town India as demand grows

Meesho Mall's net merchandise value rose 93% year-on-year in the June quarter, while orders on the first day of its festive sale more than tripled as branded products gain traction in smaller towns

Welspun Corp bags ₹5,500 crore US pipeline order, order book hits record

The order will be executed in FY29 and involves supplying coated line pipes for a natural gas pipeline serving a data centre complex

HPCL refinances ₹50,000 cr Rajasthan refinery debt, eyes ₹1,000 cr savings

The refinancing, effective October 3, is expected to save the company about ₹470 crore to ₹550 crore annually, Kaushal told analysts on an earnings call

Fourth Partner Energy secures ₹750 cr for renewable project in Maharashtra

The project comprises 300 megawatts-peak (MWp) of solar capacity, 50 MW of wind power and a Battery Energy Storage System (BESS) with a capacity of 750 megawatt-hours

CDMO players bet on complex products such as biologics, peptides for growth

Next phase of growth hinges on biologics, peptides, and drug-device combinations, say industry executives

Barclays to cut 5,000 jobs in AI-led cost drive as Q3 profit rises 12%

Barclays plans to cut around 5,000 jobs, or 5% of its workforce, this year as it uses AI to reduce costs, even as third-quarter profit rose 12% to £2.3 billion.

SoftBank Group's market value halves from its peak as AI fears grow

Rising borrowing costs, debt-funding risks and intensifying AI competition weigh on investor confidence in SoftBank's investment strategy

Mahindra Lifespaces' Q2 profit falls 66% despite strong sales growth

Mahindra Lifespaces reported a 65.9 per cent decline in Q2FY27 net profit to Rs 16.34 crore, while consolidated sales rose 32 per cent to Rs 1,126 crore during the quarter

Sunil Kumar appointed ONGC chairman for three years from December 7, 2026

The ACC has approved Sunil Kumar's appointment as ONGC chairman for a combined three-year tenure starting December 7, 2026. He will succeed Arun Singh, who took charge in 2022