Page 18 - Company News

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

Vedanta creates ₹2,500 crore employee wealth through ESOPs over 5 years

Vedanta said its ESOP programmes have generated nearly ₹2,500 cr in employee wealth over five years, with the latest stock option grants expanding coverage to freshers and early-career professionals

Dr Reddy's Q3 PAT down 14% Y-o-Y on low Lenalidomide sales in US

Dr Reddy's Laboratories reported a sharp fall in December-quarter profit as declining Lenalidomide sales in the US weighed on earnings, even as India revenues and branded businesses remained resilient

Jindal Stainless Q3 profit jumps 26.6% as domestic demand offsets exports

Jindal Stainless reported a sharp rise in Q3 profit on strong domestic demand and efficiency gains

Cashfree Payments rolls out ESOP buyback programme a year after fundraise

Fintech firm Cashfree Payments has announced an ESOP buyback plan covering over 400 current and former employees, offering liquidity as the company completes a decade of operations

Allcargo names Vaishnav Shetty Deputy MD as part of leadership transition

Vaishnav, the son of group founder and Chairman Shashi Kiran Shetty, will work closely with AGL Managing Director Adarsh Hegde

ICICI Pru AMC Smallcap Fund reopens for fresh investments from Jan 23

ICICI Prudential AMC will allow fresh subscriptions into its Smallcap Fund from January 23, withdrawing earlier investment caps as smallcap valuations ease amid a broader market correction

L'Oreal to invest ₹3,500 cr in BeautyTech GCC in Hyderabad through 2030

To initially invest ₹3,500cr by 2030; to create 2,000 specialised beauty tech roles

Raymond Realty launches ₹5,000 crore residential project in Mumbai's Wadala

Raymond Realty has entered the central Mumbai market with a ₹5,000 crore luxury residential project in Wadala, betting on strong end-user demand, rising property values and large-format lifestyle deve

Labdhi Lifestyle launches ₹1,000 cr commercial project in Mumbai's BKC

Mumbai-based Labdhi Lifestyle has launched a grade-A commercial project in Bandra Kurla Complex with a GDV of over ₹1,000 crore, banking on strong office demand amid limited new supply in core BKC

BHIM Payments app sees over four-fold jump in monthly transactions in 2025

The NPCI-run BHIM Payments App recorded strong growth in CY25, with monthly transactions rising over four-fold, driven by higher adoption, growth in small-ticket payments and rising trust in user

Bank of Baroda collaborates with IIFCL to boost infrastructure financing

This partnership will accelerate the growth of key infrastructure projects being set up in India, the bank said in a statement

MATTER Motor Works plans to invest $100 million over next three years

The company, which showcased its AI-Defined vehicles (AIDV) platform at its Technology Day 3.0, here, said its future products will be built on a common AI-defined hardware, software and data backbone

K P Energy Q3 results: Net profit rises 58% to ₹41.35 cr on high revenues

The company has recorded its highest-ever Q3 Profit After Tax (PAT) on a consolidated basis for Q3FY26 at ₹41.35 crore

Adani Group unveils $66 billion Maharashtra investment plan at WEF 2026

In Maharashtra, the proposed investments are anchored by large-scale urban transformation and next-generation infrastructure projects

L&T Vyoma conducts ground breaking ceremony of its 40MW data centre

The Mahape facility is part of a planned 100 MW campus and L&T Vyoma's roadmap for over 200 MW across key hubs, with direct-to-chip liquid cooling to support high-density AI workloads

Global turnover penalty illegal, not delaying CCI case: Apple tells HC

Apple is contesting rules that allow the Competition Commission of India (CCI) to impose penalties retrospectively based on a company's global turnover

Lupin signs licensing pact with Galenicum Health for injectable Semaglutide

Lupin Atlantis Holdings SA (LAHSA) has entered into a partnership with Galenicum for finished formulations of injectable Semaglutide, a GLP-1 receptor agonist