Page 135 - Company News
Expect benefits of GST rate cut to accrue in coming quarters: Ceat MD & CEO
After posting a strong second quarter, in the third quarter, which is usually a subdued season for the tyre industry, topline may be equal to or slightly lower, Banerjee said
 "Expect benefits of GST rate cut to accrue in coming quarters: Ceat MD & CEO")
RBL Bank's ₹26,853 crore deal with Emirates NBD marks record FDI in banking
The deal is the largest by a Middle Eastern bank in India, and comes months after Japan's Sumitomo Mitsui Banking Corporation's move to buy up to 25% of Yes Bank
 "RBL Bank's ₹26,853 crore deal with Emirates NBD marks record FDI in banking")
PNB Q2 results: Net profit up 14% at ₹4,904 cr on improved asset quality
Total income in the second quarter was at ₹36,214 crore and ₹73,445 crore in H1FY26, clocking a YoY growth of 5.1% and 10.3%, respectively
 "PNB Q2 results: Net profit up 14% at ₹4,904 cr on improved asset quality")
HDFC Bank Q2 results: Profit up 10% at ₹19,610 cr as asset quality improves
The bank's overall income rose to ₹91,040 crore as against ₹85,499 crore in the year-ago period, and ₹99,200 crore in the preceding June quarter
 "HDFC Bank Q2 results: Profit up 10% at ₹19,610 cr as asset quality improves")
Biocon chief Kiran Mazumdar-Shaw slams IndiGo's food menu, sparks debate
The airline ensured that it would enhance the offerings and thanked her for sharing feedback, noting that customer opinions help them improve
 "Biocon chief Kiran Mazumdar-Shaw slams IndiGo's food menu, sparks debate")
Dixon Technologies Q2 results: Net profit jumps 86% to ₹746 crore
The company had reported a net profit of ₹411.7 crore in the same period a year ago
 "Dixon Technologies Q2 results: Net profit jumps 86% to ₹746 crore")
Mahindra, Embraer to introduce C-390 Millennium military aircraft in India
This agreement was inked alongside the inauguration of Embraer's national office in Aerocity, New Delhi
 "Mahindra, Embraer to introduce C-390 Millennium military aircraft in India")
Rapido cofounder: Subscription model has halved customer acquisition cost
Ride-hailing company aims to become profitable in a year, says cofounder
 "Rapido cofounder: Subscription model has halved customer acquisition cost")
Reliance Consumer H1 revenue nears ₹10,000 crore; demerger by Nov 1
"Our FMCG business has 2X growth on a YOY basis for H1. Q2 was Rs 5,400 crore of top line. So its pretty strong growth," RIL CFO V Srikanth said
 "Reliance Consumer H1 revenue nears ₹10,000 crore; demerger by Nov 1")
IHCL, Ambuja Neotia plan joint hospitality investments beyond Bengal
The development marks a deepening of their existing relationship, with IHCL currently managing six of Ambuja Neotia's properties and another 7-8 in the pipeline across various locations
 "IHCL, Ambuja Neotia plan joint hospitality investments beyond Bengal")
Akasa Air to boost domestic, international flights; Delhi becomes 3rd base
Delhi will be the airline's third operational base after Bengaluru and Mumbai, and the airline will operate over 165 weekly departures from the national capital
 "Akasa Air to boost domestic, international flights; Delhi becomes 3rd base")
REC Q2 results: Net profit rises 9% to ₹4,414 crore on higher income
In the latest July-September period, the company registered a 10.62% rise in total revenues to ₹15,162.38 crore from ₹13,706.31 crore in the year-ago period
 "REC Q2 results: Net profit rises 9% to ₹4,414 crore on higher income")
Qcom platform LoveLocal to launch 30-minute delivery, expand outside Mumbai
LoveLocal, which focuses on the fresh edibles category, acts as a bridge between local retailers and customers
 "Qcom platform LoveLocal to launch 30-minute delivery, expand outside Mumbai")
Bank of India Q2FY26 results: Net profit up 7.62% on dip in credit costs
The Mumbai-based lender's shares ended 1.67 per cent lower, closing at Rs 123.30 per share on the BSE
 "Bank of India Q2FY26 results: Net profit up 7.62% on dip in credit costs")
Ceat Q2 results: Profit surges 52% on Camso integration, volume growth
RPG Group-owned Ceat reports strong double-digit growth in Q2FY26 as Camso integration, festive demand, and robust OEM volumes drive profits and revenue
 "Ceat Q2 results: Profit surges 52% on Camso integration, volume growth")
India Cements logs profit of ₹8.81 cr in Q2; plans ₹2,014 cr on expansion
The board of ICL has approved an investment of ₹2,014 crore, which includes a capex of ₹1,574 crore for modernisation and ₹440 crore for capacity enhancement
 "India Cements logs profit of ₹8.81 cr in Q2; plans ₹2,014 cr on expansion")
Jio Platforms Q2 net profit jumps 13% to ₹7,379 crore on higher ARPU
The gross revenue stood at ₹42,652 crore in the second quarter of FY25, 14.9% higher than the corresponding period of the previous year
 "Jio Platforms Q2 net profit jumps 13% to ₹7,379 crore on higher ARPU")
Biocon Biologics expands Civica tie-up to launch pvt-label insulin in US
The move aims to increase the availability of affordable insulin for the country's 38.4 million diabetes patient
 "Biocon Biologics expands Civica tie-up to launch pvt-label insulin in US")
Meta introduces parental controls for AI chats with teens from next year
Meta said the PG-13 restrictions will also apply to AI chats
 "Meta introduces parental controls for AI chats with teens from next year")
AU Small Finance Q2 net profit slips 2% to ₹561 cr despite income rise
Net total income rose 9% to ₹2,857 crore, while operating expenses was up 11% Y-o-Y to ₹1,647 crore during the quarter
 "AU Small Finance Q2 net profit slips 2% to ₹561 cr despite income rise")