Page 59 - Company News

M&M Q3 result: Profit jumps 38.54% to ₹5,021 cr on strong auto performance

The company had posted a profit after tax (PAT) of ₹3,624.48 crore a year ago

Unlisted company margins at a record high, gap remains with listed peers

Earnings in focus amid lacklustre capacity utilisation, and poor pick-up in sales for the latest available FY25 data

Anthropic AI engineer quits to pursue career in poetry: 'World in peril'

Mrinank Sharma's work included studying AI sycophancy and its causes, developing safeguards to reduce risks from AI-assisted bioterrorism, and implementing those safeguards

Tata Trusts reviews governance at Sir Ratan Tata Trust; trust deed likely

Tata Trusts may formalise governance at Sir Ratan Tata Trust with a written deed, as recent Maharashtra amendments set limits on lifetime trustees and fixed tenures

Shoppers Stop names Pankaj Chaturvedi as company's new CFO: All about him

Pankaj Chaturvedi will take over as Shoppers Stop's CFO from April 1, 2026, replacing Karunakaran Mohanasundaram, who is stepping down after serving in the role since 2018

A 'smog season' discount is another threat to Indian companies' earnings

The total economic cost of air pollution in India could have been as much as $260 billion in 2024, according to an analysis by Dalberg Advisors, which included impacts of reduced worker productivity

Russia, Iran accuse Elon Musk's Starlink of violating international law

The Starlink service has become a key communication link for Ukrainians fighting against Russia's invasion, as well as Iranian opposition forces that took to the streets last month

Bhel OFS opens for non-retail investors; govt to sell up to 5% stake

The Centre has announced an Offer for Sale in BHEL to divest up to a 5 per cent stake, with bids opening for non-retail investors on Wednesday and retail investors on Thursday

India long-term contributor to Coca-Cola's growth: CEO James Quincey

Coca-Cola has told investors that India will continue to drive long-term volume growth, as it ramps up investments in digital platforms, AI-led tools and market expansion

Reliance Consumer Products acquires health foods maker Southern Health

Reliance Consumer Products has acquired Southern Health Foods of Tamil Nadu, owner of the Manna brand, to strengthen its foods and staples portfolio in the health foods segment

Fortis, IHH launch innovation platform for medtech, healthtech startups

IHH Healthcare and Fortis Healthcare have launched IHH Catalyst, a national platform to help execution-ready medtech and healthtech startups move from pilots to hospital adoption and scale

French drugmaker Servier bets big on India as key global export hub

French drugmaker to commit €15 million annually to SPC development and exports for cardiometabolic and venous diseases

Carlyle to acquire majority stake in Nido Home Finance for ₹2,100 crore

US-based private equity firm Carlyle will invest Rs 2,100 crore to acquire a majority stake in Edelweiss Group's housing finance arm Nido Home Finance, subject to regulatory approvals

Govt to sell up to 5% in Bhel at ₹254 per share; OFS opens Wednesday

The issue will open for non-retail investors on Wednesday, while retail investors will get to put in price bid on Thursday

Tata Motors bags order to supply 70,000 commercial vehicles to Indonesia

Tata Motors has signed an agreement to supply 70,000 commercial vehicles to Indonesia through its local subsidiary, marking the largest single international CV order, industry insiders said

Mahindra Lifespaces and Japan's Mitsui Fudosan announce long-term JV

Mahindra Lifespace Developers has entered into a long-term joint venture with Japan's Mitsui Fudosan Group, with a premium residential project in Bengaluru as the first development

Carlyle to buy majority stake in Edelweiss home finance arm for ₹2,100 cr

Carlyle's investment includes the acquisition of a 45 per cent stake in Nido from Edelweiss through a secondary purchase and a primary equity infusion of ₹1,500 crore

Tamilnad Mercantile Bank adopts Oracle Fusion Cloud to boost efficiency

The private sector lender says Oracle Fusion Cloud Applications have helped unify finance, HR and customer experience operations, driving automation, productivity gains and cost savings

AstraZeneca gets Indian regulator's nod to market cancer drug Imfinzi

The company has received permission to import for sale and distribution of Durvalumab solution for an additional indication

L&T bags 'significant' transport infrastructure development project in UAE

The contract has been secured by the Transportation Infrastructure business vertical of the company for the improvement of Latifa Bint Hamdan Street in Dubai