Page 3 - Company News

JM Frictech invests ₹50 crore in fourth manufacturing plant in Chandigarh

The Chandigarh facility is being commissioned in phases, starting with warehousing and logistics, and is expected to become fully operational over the next six to eight months.

Prolonged food inflation risk to microfinance budgets: Muthoot Microfin CEO

Muthoot Microfin plans to launch consumer durable loans and expand digital lending as it targets ₹30,000 crore in assets under management by 2030

WazirX futures trading volume jumps 236% in Q3 as exchange expands AI tools

Trading volume at its September peak was about 345 per cent above early-July levels, while the number of daily futures traders was approximately 279 per cent higher toward the end of the quarter

PERM suspension won't affect workforce strategy, customer engagements: TCS

The IT services major said its PERM applications were in single digits over the past two years and reiterated plans to hire 15,000 people in the US over five years

TCS says US PERM suspension won't affect plans, targets 15,000 new hires

The company said its US workforce strategy centres on hiring local employees, including through campus recruitment; it aims to hire 15,000 people in the US over five years

Nifty 50 earnings seen rising 24.7% in Q2, best growth in 12 quarters

Nifty 50 earnings seen rising 24.7% in Q2, best growth in 12 quarters

Nokia pivots to Nvidia-backed AI radio access networks for India

Nokia plans to bring Nvidia-backed AI-RAN technology to India, with commercial deployments potentially beginning by 2028 as 5G data use and hyperscaler demand rise.

TCS onboards 10,000 freshers in Q2 FY27; plans to hire on demand

India's largest IT services firm says hiring will track client demand as it invests in AI skills, workforce training and niche talent, while subcontractor expenses rise in Q2

Eutelsat OneWeb readying B2B push to connect India's last mile: Executive

The company said its regulatory work is progressing and satellite services will complement terrestrial networks, with use cases in remote areas, aviation, maritime and disaster resilience

Amazon Great Indian Festival opens with record 100% growth in orders

Customers from every pin code placed orders as premium smartphones, home entertainment, fashion and beauty drove demand, with Amazon reporting its biggest-ever opening day

Sebi changed goalposts, seeks order logs: Trading firm Jane Street to SAT

Jane Street seeks order logs and counterparty details to defend itself in the market manipulation case, while Sebi argues that it has disclosed all material relied upon so far

FSSAI issues notices to Dr Reddy's, Nestle, Flipkart over misleading ads

The regulator also suspended Shreyash Retail's licence over expired and rotten food products and sanctioned prosecution against Nex International over excessive pesticide residues

Harness buys select assets of Augment Code to automate software coding

The acquisition brings Augment Code's Cosmos and Auggie CLI products into Harness, strengthening its push towards autonomous coding, testing, security and software deployment

Citi helps Indian companies raise nearly $16 billion so far in 2026

Citi has helped Indian companies raise nearly $16 billion through debt and equity markets in 2026 and advised on M&A transactions worth over $36 billion amid strong deal activity

Samsung sees record $80 bn quarterly profit as AI chip demand surges

Samsung forecasts record Q3 profit of 107.4 trillion won as AI-driven memory chip demand fuels earnings, while tight supply and rising chip costs pressure its smartphone business.

Bio-Synergy targets £3-5 million in India sales with DNA testing kit

UK health science firm partners with Kynora Life Sciences to launch DNA and epigenetics testing kits priced between ₹25,000 and ₹85,000, targeting personalised wellness in India

NTPC arm to soon start commercial operations of 500 MWh BESS capacity: CEO

NVVN CEO Somes Bandyopadhyay said the company plans to commission another 500 MWh of battery energy storage capacity during the current financial year under the government's 3,000 MWh scheme

Post-demerger, Vedanta declares first interim dividend of ₹5 per share

Vedanta said the dividend follows strong second-quarter performance, with record quarterly and half-yearly production across key businesses including zinc, aluminium, ferro alloys and ports

Brigade Group to invest ₹40,000 cr to build realty, hospitality projects

Bengaluru-based Brigade Group on Thursday marked the completion of 40 years in business

Info Edge Q2 billings rise 12.8% to ₹822 crore, recruitment segment grows

The Naukri.com operator's standalone billings rose to ₹822.3 crore in the September quarter from ₹729 crore a year earlier, while H1 FY27 billings grew 13.5 per cent to ₹1,559.3 crore