Page 17 - Company News

TVS Emerald raises ₹425 crore in equity from IFC for housing projects

The two upcoming projects in Chennai and Bengaluru would have a combined revenue potential of ₹4,400 crore

Apple asks Delhi HC to stop CCI from seeking its financial records

Apple has moved the Delhi High Court to block India's antitrust watchdog from seeking its global financial records amid a probe into App Store practices

Bandhan Bank Q3FY26 results: Net profit declines 51.7% to ₹206 cr

Bandhan Bank's Q3 FY26 net profit fell 52% to ₹205.6 crore on lower income and higher costs, even as asset quality improved with a drop in gross NPAs

Sony-TCL TV joint venture: What the Bravia deal means for both firms

As competition squeezes margins in the TV market, Sony has opted for a joint venture with TCL, handing operational control of Bravia TVs to TCL while Sony retains brand ownership and a 49 per cent sta

Orient Electric Q3FY26 results: Net profit declines 4.4% to ₹26 crore

Orient Electric's Q3 FY26 profit dipped 4.4% to ₹25.98 crore despite an 11% rise in revenue, as expenses climbed; the company announced a ₹0.75 interim dividend

DP World to build rail-linked inland logistics hub in Madhya Pradesh

DP World will set up a rail-linked inland logistics hub in Madhya Pradesh to connect central India with JNPA, cutting transit time and boosting exports

Radico Khaitan Q3 results: Profit rises 63% to ₹155 crore; revenue up 22%

Total expenses increased 20.82 per cent to ₹5,210.26 crore in the December quarter. Total income, which includes other income, was at ₹5,426.44 crore, up 22.16 per cent

Razorpay POS secures RBI nod for offline payment aggregator licence

Razorpay now holds all three key RBI licences-online payment aggregator, cross-border payment aggregator (secured in December 2025), and offline payment aggregator)

CIL despatches record 375 MT coal via rail with third-party sampling

The achievement underscores CIL's enhanced focus on quality assurance and supply chain reliability amid rising domestic demand for coal

Entri ties-up with Udemy to expand upskilling opportunities in India

Tie-up combines Udemy's global course platform with Entri's regional-language job training to widen access to career-focused learning

Walmart, Tiger Global to offload stakes worth ₹10k cr in PhonePe IPO

PhonePe shareholders -- Walmart, Tiger Global and Microsoft Global Finance will offload stakes through the company's forthcoming IPO

Reliance set to buy sanctions-compliant Russian oil in February, March

Reliance last received Russian crude in December after securing a one-month US concession that allowed it to wind down dealings with the sanctioned Russian oil producer Rosneft

Swelect Energy Systems rebrands, launches NUMERGY energy storage line

The new logo and tagline signal a clear strategic direction as the company expands its presence in solar, energy storage, and integrated energy solutions

United Spirits upbeat on price-mix support despite Maharashtra volume hit

United Spirits remains confident of sustaining a 6-8% price mix over the medium term, aided by portfolio premiumisation and Maharashtra's liquor policy, even as volumes face pressure at the lower end

Lack of valuation comfort in Persistent Systems despite strong growth

In 9MFY26, in rupee terms, PSYS's revenue grew 23 per cent, adjusted operating profit grew 39 per cent and adjusted net profit grew 40 per cent Y-o-Y

Tata Communications names new MD, CEO-designate; Q3 profit up 54%

Tata Communications has appointed Ganesh Lakshminarayanan as MD&CEO-designate, even as the Tata Group firm reported a sharp rise in Dec-quarter profit on expanding margins and a healthy order book

Dropping '10-minute' branding was a suggestion in good faith: Zepto CEO

Zepto founder Aadit Palicha said the labour minister's suggestion to remove "10-minute" delivery branding was made in good faith, as quick commerce platforms work with the government on gig worker wel

Bank of India Q3FY26 profit rises 7.47% on strong non-interest income

Bank of India posted a 7.5% YoY rise in Q3FY26 net profit to ₹2,705 crore, driven by strong non-interest income and improved asset quality

HPCL net profit grows 57.7% in Q3 on higher GRMs, LPG compensation

State-run HPCL reported a sharp rise in December-quarter profit, aided by stronger refining margins and LPG compensation, even as sales volumes improved and revenue rose modestly year-on-year

Canara HSBC Life Insurance Q3 profit slips 5.7% on higher expenses

Canara HSBC Life Insurance reported a modest decline in December-quarter profit as higher operating and commission expenses offset strong growth in premium income, APE and value of new business