Page 167 - Company News

Accenture's muted guidance throws light on challenges for Indian IT sector

Accenture's 2-5 per cent growth guidance despite strong bookings highlights subdued IT demand, hitting Indian IT stocks already under pressure from tariffs and visa fees

BSNL crossed operating profit of ₹5K cr in FY26: Jyotiraditya Scindia

Union Minister Jyotiraditya Scindia said BSNL has crossed Rs 5,000 crore in operating profit this fiscal, as the telco prepares for a nationwide 4G rollout with full-indigenous stack

Tata Motors announces leadership transition amid demerger plans

Tata Motors announced major leadership changes as it prepares to demerge its commercial vehicle business into TML Commercial Vehicles Ltd, effective October 1, 2025

Old gold exchange best way to buy jewellery: Tanishq's Arun Narayan

Tanishq is promoting jewellery exchange as the best way to buy gold amid soaring prices, with Sachin Tendulkar as brand partner, and expects strong festive and wedding demand

Hyatt sets aside more room for hotels, branded residences in India

Hyatt Hotels will add over 10 hotels annually in India, targeting 150 in five to six years, as it brings new global brands and expands into branded residences

McLeod Russel engaged with NARCL for debt resolution, eyeing revival: CMD

McLeod Russel CMD Aditya Khaitan said the company is working with NARCL on a debt resolution plan after lenders transferred loans, with hopes of restructuring in the next quarter

Tata Capital IPO to open October 6, anchor investor bids from October 3

Tata Capital filed its red herring prospectus with Sebi for an IPO opening October 6 and closing October 8, with anchor investor subscriptions beginning October 3

Oil India reports first natural gas occurrence in Andaman offshore block

Oil India has reported the first natural gas occurrence from its Andaman offshore blocks at exploratory well Vijayapuram-2, marking a step forward in India's hydrocarbon exploration

Godrej Agrovet inks pact with Food Processing Min for ₹960 cr investment

The company on Friday signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI) on the sidelines of World Food India 2025

SBI chief CS Setty stresses capital market depth for Viksit Bharat 2047

SBI Chairman CS Setty said India needs deeper capital markets, innovation, and financial talent to achieve the Viksit Bharat 2047 vision, speaking at the Stockbrokers' Business Meet

L&T to complete Hyderabad metro stake divestment by FY26 end

The company said that Telangana government will take over the Hyderabad Metro SPV by refinancing the current debt and acquiring equity of L&T Metro Rail (Hyderabad) Ltd

IGL adds 3.7 lakh PNG connections, posts ₹1,468 crore PAT in FY25

Indraprastha Gas Ltd added 3.7 lakh PNG connections and 72 CNG stations in 2024-25, taking domestic PNG users past 3 million and posting Rs 1,468 crore profit after tax

Volkswagen plans India restructuring amid tax row and EV ambitions

In an internal memo, Volkswagen India chief said the group is committed to India, with plans to invest in new technologies and manufacturing despite shifting markets and rising competition

Indian Oil Corp in talks with Vitol for oil trading joint venture: Report

State-run company is expanding the capacity of its three refineries to raise crude processing by 346,000 bpd over the next two years and also plans to build a 180,000 bpd refinery in southern India

Ventive Hospitality to acquire 76% stake in Hilton Goa Resort owner

Ventive Hospitality will acquire a 76 per cent stake in Soham Leisure Ventures, owner of Hilton Goa Resort, in a Rs 320 crore deal marking its entry into the leisure hospitality market

Tata Consumer signs MoU with govt, to invest ₹2K cr in food processing

It has signed a non-binding MoU with the government during the ongoing World Food India event here for the investment, the Tata group FMCG arm said in a regulatory filing, without disclosing anything

HUL expects near-flat Q2FY26 growth as GST rate cuts likely to hit sales

Terming GST reforms as a "positive step" by the government to drive consumption, HUL said the revised GST rates will benefit approximately 40% of its portfolio

Ventive Hospitality to acquire 76% stake in Hilton Goa owner Soham Leisure

This transaction, valued at around ₹320 crore, is an important step in Ventive's plan to double its room portfolio and invest in opportunities that add value, the company said in a statement

Nayara Energy finds new buyers after EU sanctions hit Russian oil trade

The privately-owned company halted exports for about two weeks after it was sanctioned by the European Union on July 18 for dealing in Russian oil

Welspun Corp bags new order worth ₹1,600 cr; order book swells to ₹18K cr

Since its last announcement on June 4, the company has received additional orders valued at around ₹1,600 crore for its India line pipe facility