Page 38 - Company News

UPI payments app PhonePe's $1.5 billion IPO to see Walmart cut stake

Walmart and other existing investors plan to sell 5.06 crore shares; fintech major targets ₹12,000 crore raise

RPSG Group to invest ₹10.5K cr in Vijayapura, Ballari districts of K'taka

RPSG Group to invest ₹10,500 crore in Karnataka's Vijayapura and Ballari districts over three years, boosting the state's renewable energy ecosystem

Rapido FY25 loss narrows to ₹258 crore; revenue rises 44% to ₹934 crore

According to financial data accessed via business intelligence platform Tofler, the Bengaluru-headquartered unicorn's revenue from operations rose to ₹934.44 crore last fiscal year

Optimist raises $12 million to build air conditioners for India's climate

Accel and Arkam Ventures back the startup, founded by Urban Ladder's Ashish Goel, as it develops energy-efficient cooling systems tailored to India's power and climate constraints

Zydus Lifesciences launches cancer drug Nivolumab's biosimilar in India

Move comes just months before nivolumab patent expiry in India on May 2, 2026

TVS Emerald secures ₹425 cr equity investment from IFC for expansion

TVS Emerald secures ₹425 crore equity investment from IFC to fund new residential projects in Chennai and Bengaluru, targeting ₹4,400 crore in potential revenue

Sensesemi Technologies raises ₹25 crore to build edge-AI chips

The fabless semiconductor start-up plans to expand its engineering team and develop integrated chips for industrial IoT, automotive and medical devices

Zee Entertainment's Q3 FY26 results: Net profit drops 5% to ₹155.3 cr

Zee Entertainment's Q3FY26 net profit fell 5.1% to ₹155 crore despite 15% revenue growth, as weak FMCG ad spending weighed on margins

Shares of IIFL Finance tank 13% after I-T dept orders special audit

Q3 net up 157% to Rs 501 crore; gold loans surge 189% YoY

Bandhan Bank's Q3FY26 results: Net profit declines 52% to ₹210 crore

Bandhan Bank's Q3FY26 net profit fell 52% to ₹210 crore as NII and non-interest income declined, even as asset quality showed improvement

General Atlantic enters a definitive pact to acquire stake in Balaji Wafers

General Atlantic has agreed to acquire a minority stake in Balaji Wafers, backing the homegrown snack maker's next phase of innovation and expansion across India

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