Page 23 - Company News

Infosys fined €175,000 by French authority over work-hour tracking system

Infosys said in an exchange filing that it had received a communication from French labour authority DRIEETS lle-de-France, informing the company of a €175,000 penalty

Dr Reddy's antibiotic gets Thailand approval six months after US nod

Thailand has become the second country after the US to approve Dr Reddy's first-in-class antibiotic zoliflodacin, a milestone that could accelerate access to the drug across emerging markets

Sigma Advanced Systems bags ₹1,013 crore export order for artillery shells

The order from a North American customer will be executed over the next six to 12 months and strengthens the company's position in the global defence supply chain

UltraTech Cement eyes its biggest rupee bond raise at ₹5,000 crore

It is targeting ₹1,500 crore each in the shorter two tranches at ‌annual coupons of 7.22 per cent and 7.23 per cent, respectively, and ₹2,000 crore in the five-year tranche at 7.25 per cent

TVS ILP plans up to ₹2,700 cr capex in bid to grow warehousing portfolio

The company is evaluating opportunities in cold storage and data centre sectors

Hindustan Zinc planning ₹25K cr capex to expand refined metals capacity

Hindustan Zinc plans a ₹25,000 crore investment to expand refined zinc and lead capacity, targeting 2 million tonnes annually by FY30

Mphasis says clients more 'amenable' to outcome pricing amid AI-led deals

The IT services firm says AI-led transformation is driving greater client interest in outcome-based pricing, though such contracts still account for a small share of revenue

Shriram Finance aims to double gold loan share in loanbook in 3 years

Shriram Finance plans to double gold loans' share of its loan book to 5% in three years and increase MSME lending as it expands secured retail financing

India among top 5 growth markets, key to global strategy: Red Hat

India is currently at the centre of the company's global strategy, Navtej Singh Bal, Vice President and General Manager, India and South Asia, Red Hat said

Lodha Developers targets 20% profit growth to ₹4,100 crore in FY27

The company's profit doubled to ₹1,373.1 crore in April-June from ₹675 crore in the year-ago period

Punjab National Bank's profit to cross ₹20,000 cr mark in FY27: MD Chandra

From the second quarter of last financial year, the bank has been maintaining a net profit of over Rs 5,000 crore every quarter, Chandra said

ABDL targets mid-teen growth in FY27, aims to cross ₹600 crore Ebitda

The Chhabria family-promoted firm, which is expanding its international footprint, expects to increase presence to 60-70 nations over the next three years, driven by premium and mass-premium portfolio

Costa Coffee store count shrinks to 198 in India in FY26, revenue up 7%

However, Costa Coffee's revenue was up 7 per cent year-on-year to ₹212.5 crore in FY26

Maruti Suzuki targets 900,000 units of CNG vehicle sales this fiscal

The demand for CNG vehicles is no longer restricted to small cars and vans, but it has also seen a rise even in the company's SUVs, Maruti Suzuki India Ltd (MSIL) Senior Executive Officer said

Tata Technologies confident of a breakout year in FY27: CEO Warren Harris

The company is strategically poised to take advantage of a shift taking place in the industry where OEMs are increasingly looking to outsource more development work

Hindustan Zinc plans ₹5,000 crore capex for FY27, 80% for current projects

CEO Arun Misra said around 80 per cent of the FY27 capital expenditure will fund ongoing projects, while the remainder will be deployed for new initiatives

IDFC First Bank Q1FY27: Net profit rises 132% Y-o-Y to ₹1,075 crore

The bank further said its loans and advances increased to ₹3,05,370 crore as of June 30, 2026 from ₹2,53,233 crore as of June 30, 2025, a growth of 20.6 per cent

AU SFB posts 37% rise in Q1 profit as NII grows, provisions decline

The lender's June-quarter profit was aided by strong growth in net interest income and lower provisions, although asset quality weakened sequentially

Maruti targets 25-30% growth in SUV sales in FY27 on new Brezza, launches

SUV contribution to Maruti Suzuki's domestic sales has risen from 12 per cent in FY23 to around 30 per cent in the first quarter of FY27

Tata Consulting Engineers targets $1 billion revenue milestone by FY31

The Tata Group engineering consultancy is betting on energy, semiconductors, metals, infrastructure and manufacturing to triple its business over the next five years