Page 138 - Company News
IIHL inducts Dubai-based Indian businessman Vachani to Board of Directors
Kamal Vachani is the partner of the Dubai-based Al Maya Group with business interests across the retail sector
 "IIHL inducts Dubai-based Indian businessman Vachani to Board of Directors")
Tata Sons may seek similar relief from RBI as Shanghvi Finance: Lawyers
Tata Sons, meanwhile, repaid ₹20,642 crore in FY23 to become a net debt-free company before seeking declassification as an NBFC, according to its annual report
 "Tata Sons may seek similar relief from RBI as Shanghvi Finance: Lawyers")
Eternal's net profit slumps 63% to ₹65 crore, revenue surges 183%
Zomato's parent Eternal reports a 63% YoY fall in Q2FY26 profit to Rs 65 crore, while revenue more than doubles to Rs 13,590 crore on robust Blinkit and food delivery growth
 "Eternal's net profit slumps 63% to ₹65 crore, revenue surges 183%")
Air India Dreamliner faces a technical issue at Hong Kong airport
The Boeing 787-8 plane VT-ANO, which faced the issue on Thursday, is the same aircraft in which the Ram Air Turbine (RAT) was deployed seconds before landing at the Birmingham airport on October 4
 "Air India Dreamliner faces a technical issue at Hong Kong airport")
Vikram Solar Q2 net profit soars to ₹128 cr; order book hits 11.15 GW
The company had clocked a net profit of ₹7.35 crore in the same period of preceding 2024-25 financial year
 "Vikram Solar Q2 net profit soars to ₹128 cr; order book hits 11.15 GW")
A-I Express scaling up international ops from state capital: Kerala CM
Kerala Chief Minister Pinarayi Vijayan said that this was a major step towards strengthening Kerala's air connectivity
 "A-I Express scaling up international ops from state capital: Kerala CM")
Amazon India's festival sale draws 70% of traffic from smaller cities
The company facilitated over ₹1,000 crore in customer savings through bank offers, goods and services tax (GST) benefits, and cashback rewards
 "Amazon India's festival sale draws 70% of traffic from smaller cities")
Jio Financial Services Q2FY26 results: Profit almost flat at ₹695 crore
Jio Financial Services posted Rs 695 crore in net profit for Q2FY26, driven by a fivefold rise in business income and 12x growth in AUM amid strong traction across digital finance units
 "Jio Financial Services Q2FY26 results: Profit almost flat at ₹695 crore")
Zee Entertainment Q2 results: Profit drops 63.5% as ad revenue weakens
Zee's Q2FY26 profit declined 63.5% to Rs 76.5 crore as ad revenue fell 11%, though subscription and digital revenues rose, with ZEE5 narrowing its EBITDA loss by 80%
 "Zee Entertainment Q2 results: Profit drops 63.5% as ad revenue weakens")
Cochin Shipyard to launch 3 vessels including Anti-Submarine craft for Navy
The ASW SWC for the Navy is the sixth vessel built under an eight-ship contract signed in April 2019
 "Cochin Shipyard to launch 3 vessels including Anti-Submarine craft for Navy")
South Indian Bank Q2 net profit rises 8% to ₹351 cr, interest margin dips
The private sector lender had reported a net profit of ₹325 crore in the year-ago period
 "South Indian Bank Q2 net profit rises 8% to ₹351 cr, interest margin dips")
Metro Brands misses profit estimates as demand weakens before tax cuts
Metro's quarterly revenue grew about 11% to 6.51 billion rupees, helped by e-commerce sales that have grown 39% from a year ago
 "Metro Brands misses profit estimates as demand weakens before tax cuts")
Tata Steel inks contract with AWIPL for operation of Air Separation Unit
The onsite plant is designed to produce 1,800 tons of oxygen per day, along with nitrogen, argon, and dry compressed air
 "Tata Steel inks contract with AWIPL for operation of Air Separation Unit")
BEML, Kineco partner to develop advanced composites for defence, aerospace
BEML, under the administrative control of the Ministry of Defence, operates in three verticals - construction and mining, rail and metro, and defence and aerospace
 "BEML, Kineco partner to develop advanced composites for defence, aerospace")
Eternal to set up subsidiary Eternal Foundation to focus on charity
Eternal shared the development while announcing the results for the second quarter of FY26 (2025-26)
 "Eternal to set up subsidiary Eternal Foundation to focus on charity")
Cyient Q2 results: Net profit tumbles 40% to ₹1280 cr; revenue down 1%
Cyient had changed the way it reports its segment-wise revenue from the last quarter onwards, after it carved out its semiconductor business into a separate subsidiary unit
 "Cyient Q2 results: Net profit tumbles 40% to ₹1280 cr; revenue down 1%")
Punjab & Sind Bank Q2 results: Net profit rises 23% to ₹295 crore
The board in its meeting on Thursday also approved raising funds of ₹3,000 crore in the form of long-term infrastructure bonds in one or more tranches by March 2027
 "Punjab & Sind Bank Q2 results: Net profit rises 23% to ₹295 crore")
Kalpataru Q2 sales bookings rise 19% to ₹1,329 cr on strong housing demand
Kalpataru's sales bookings or pre-sales stood at ₹1,117 crore in the year-ago period
 "Kalpataru Q2 sales bookings rise 19% to ₹1,329 cr on strong housing demand")
Ola Electric enters $12 bn energy storage market with home batteries
Ola Shakti batteries use the same 4680 cell technology deployed in the company's electric scooters
 "Ola Electric enters $12 bn energy storage market with home batteries")
LTIMindtree Q2 net profit rises 12%, revenue up 10% on BFSI strength
LTIMindtree's deal wins for the quarter totaled $1.59 billion, compared with $1.63 billion in the previous quarter and $1.3 billion a year earlier
 "LTIMindtree Q2 net profit rises 12%, revenue up 10% on BFSI strength")