Page 6 - Company News

BPCL buys 1 million barrels of US WTI crude for delivery in late December

The refiner bought the crude at a ‌premium of about $18 per barrel to the dated Brent contract for discharge at Mumbai

Who is Darius Khambata and what his exit from Tata Trusts means for Noel?

Darius Khambata is stepping down over differences following the September 17 Tata Sons board meeting, which he said had 'damaged' the company's reputation and gone against the Tata group's values

Thomas Cook India Q2 net profit falls 24% to ₹53.7 crore; revenue dips

Thomas Cook India's revenue fell to ₹1,944.2 crore in Q2 FY27, while EBITDA rose 3 per cent. The company expects 30 per cent growth in leisure travel bookings for Q3 FY27.

Darius Khambata to exit Tata Trusts, calls September 17 a day of 'infamy'

Senior advocate Darius Khambata will not seek reappointment to two core Tata Trusts, citing disagreements over Tata Sons' listing and events at its September 17 board meeting

Corning to expand optical connectivity manufacturing in India amid AI rush

The US-based company plans to add capacity at its Pune facility by 2027 as demand for optical fibre and connectivity products rises from AI data centres and telecom networks

AI will create more software, not replace it: IBM's Sriram Raghavan

IBM's Sriram Raghavan says AI agents will accelerate software creation and reshape developers' roles, while enterprises must strengthen cybersecurity, governance and skills

Petronet LNG seeks early delivery of Qatar cargoes amid Hormuz disruptions

Petronet LNG received only six of the 75-80 Qatar cargoes expected between March and October 2026 as force majeure disruptions hit supplies; Q2 net profit rose 54 per cent YoY

Coal India files DRHP to sell 10% stake in subsidiary SECL through IPO

Coal India plans to sell 66.81 crore shares in subsidiary SECL through an IPO, reducing its holding to 90 per cent. The coal producer reported ₹4,754.59 crore profit in FY26.

MobiKwik aims to double lending revenue share to 50%, says CEO Bipin Singh

MobiKwik aims to raise lending's share of revenue to 50 per cent from 25-30 per cent and expects quarterly loan disbursements to reach ₹1,500-2,000 crore over six to eight quarters.

Azim Premji Foundation launches programme to support social startups

The programme will help young development professionals establish grassroots organisations in underserved areas, with applications open until 31 December 2026 for its first cohort

India's merchandise exports likely to grow 28.7% in Q3: Exim Bank

India Exim Bank projects merchandise exports at $141.8 billion in Q3 FY27, driven by diversified markets, new trade agreements and improving global demand despite risks

Razorpay gets final licence to expand cross-border payments from GIFT City

The approval allows Razorpay to facilitate foreign currency transfers and offer multi-currency accounts from GIFT City under a single regulatory framework

Spandana Sphoorty reports ₹7.8 crore cyber fraud involving 82 accounts

The microfinance lender said unauthorised transactions were made from one of its bank accounts on November 1, and it has sought fund recovery and the freezing of beneficiary accounts

Gopal Vittal re-elected GSMA Chair for second term until December 2028

The Bharti Airtel executive vice chairman will lead the global telecom industry body through 2028, with Ralph Mupita and Margherita Della Valle serving as co-Deputy Chairs

L&T secures significant orders for residential, commercial projects

L&T classifies orders in the range of ₹1,000 crore to ₹2,500 crore as 'significant'

Ambuja Cements to invest $1.5 bn to lift capacity to 155 MTPA by FY30

The expansion ‌plan comes days after Ambuja reported a 34.7% fall in quarterly ‌net profit, ​hurt by ​higher fuel and freight costs

Coal India unit South Eastern Coalfields files for $800 million IPO

The offering will consist entirely of shares sold by parent Coal India, with no fresh issuance, according to the draft prospectus filed with Sebi

ED registers money laundering case against Subhash Chandra over loan fraud

Chandra is alleged to have inflated his net worth to avail loans from LICHFL and then defaulted on them

PhonePe Invest sees 50% growth in new customer additions after rebranding

The growth follows the platform's evolution from Share. Market to PhonePe Invest in October 2026, alongside the introduction of new tools and capabilities

Dixon Technologies faces near-term margin headwinds as input costs rise

Strong mobile revenue growth and market share gains support Dixon Technologies, but the end of production-linked incentives, higher input costs and delayed Vivo JV production weigh on margins