Page 19 - Company News

HDFC AMC net profit climbs 4% to ₹749 crore in September quarter

HDFC AMC's consolidated net profit rose 4.2 per cent to ₹749 crore in Q2 FY27, while revenue increased 14 per cent to ₹1,170 crore. Its assets under management stood at ₹9.7 trillion.

Tata Trusts question Mehli Mistry's locus standi for raising objections

Two Tata Trusts entities have questioned Mehli Mistry's locus standi to raise governance concerns, arguing that his tenure as trustee ended in October 2025.

AstraZeneca strikes $40 million AI drug discovery deal with Insitro

The multi-year partnership will target severe liver and heart conditions, with insitro eligible for up to $1.46 billion in development and commercial milestone payments

Persistent Systems Q2 profit falls 25.4% to ₹351 crore; revenue up 30.3%

Persistent Systems reported a 25.4% fall in Q2 profit to Rs 351 crore, even as revenue rose 30.3% to Rs 4,664 crore; operating margin narrowed to 15% from 16.3%

Mankind Pharma to acquire 70% in Belgian biotech firm for €48 million

Deal marks entry into next-generation CAR-T cancer therapies as company expands global innovation ambitions

AUM Ventures aims to close ₹750 cr fund by March 2027, bets on deep-tech

The venture capital firm has raised ₹250 crore in the first close of its ₹750 crore fund and plans six to seven investments this year, focusing on space-tech and other deep-tech sectors

Paras Health to use ₹375 cr from IPO to pare debt, plans 800-bed expansion

The ₹1,450-crore IPO comprises a ₹500-crore fresh issue and a ₹950-crore offer for sale, while the hospital chain plans to add 800 beds through projects in Gurugram and Ludhiana

Cognizant leases 645,000 sq ft in Chennai at ₹4.77 crore monthly rent

Cognizant has leased 645,172 sq ft at Embassy Splendid TechZone in Chennai for five years at a monthly rent of ₹4.77 crore, with a 15% rent escalation every three years

Food delivery platform Swiggy launches multi-restaurant ordering feature

Swiggy's new feature lets users combine food orders from up to five restaurants through a single checkout, eliminating multiple platform fees and simplifying payments across 720 cities

Satcom services unlikely to gain scale, compete on price in India: Jio

JPL developing own satellite constellation, evaluating partnerships with global cos

Jio eyes big share of India's digital economy: Akash Ambani ahead of IPO

Chairman of Reliance Jio Akash Ambani said that Jio Platforms aims to capture a large share of India's $1.4 trillion digital economy by FY31, as it expands AI services in 12 Indian languages

Domestic getaways, Asian destinations gain for festival travel: Agoda

Bangkok, Phuket and Tokyo lead international searches by Indian travellers, while Goa, Puri and Udaipur remain popular domestic destinations, according to Agoda's latest travel data

Supreme Court upholds quashing of Yes Bank's ₹8,415 cr AT-1 bond write-off

The dispute dates back to March 2020, when Yes Bank wrote down AT-1 bonds worth ₹8,415 crore to zero as part of its rescue and reconstruction, wiping out bondholders' investments.

CapitaLand unveils Chennai data centre as Tamil Nadu deepens digital push

The Ambattur facility marks a further expansion of CapitaLand's Tamil Nadu presence as the state seeks investments in semiconductors, advanced manufacturing and digital infrastructure

Why was IDBI Bank sold at ₹81 a share? Understanding the valuation

The government used an independent valuation benchmark of ₹75.99 per share after rejecting an earlier bid of ₹75 that fell short of the ₹94.42 reserve price

IDBI Bank-Fairfax deal: What RBI rules say on foreign ownership and control

While India allows substantial FDI in private sector banks, the RBI regulates who can own them, how much voting power shareholders can exercise and how much equity promoters can retain over time

boAt enters Sri Lanka, Bhutan as int'l revenue more than doubles in FY26

In FY26, boAt said its wearables business turned profitable, while emerging categories, including charging solutions, contributed to 'a growing profit pool beyond the core audio portfolio'

Audi India bets on new models as it eyes double-digit growth next year

Luxury car market expected to grow 12%; festive quarter typically brings 20-25% rise in inquiries and conversions

HDB Financial Services sees 34% profit jump to ₹780 crore in Q2FY27

HDB Financial Services reports a 34.2% rise in Q2 FY27 profit to ₹780 crore, supported by loan growth, lower provisions and improved asset quality

Biocon inks patent settlement pact with Genentech for breast cancer drug

The deal allows Biocon to launch the biosimilar in the EU and the UK from the Q1 of 2027, and in the US from the Q3 of 2028