Page 5 - Company News
BFSI demand, AI revenue help Indian IT firms weather Q2 growth slowdown
BFSI demand and rising AI revenue helped Indian IT firms withstand weak growth in Q2FY27, with Tech Mahindra standing out, although analysts caution that a broader recovery remains elusive
 "BFSI demand, AI revenue help Indian IT firms weather Q2 growth slowdown")
Mahindra Holidays & Resorts Q2 profit rises 16.4% to ₹19.71 crore
The company's net profit was ₹16.93 crore during the corresponding period of the previous fiscal year, Mahindra Holidays & Resorts India said in a regulatory filing
 "Mahindra Holidays & Resorts Q2 profit rises 16.4% to ₹19.71 crore")
Schaeffler India CEO taken into custody over fatal June factory accident
Two workers employed by a service provider died after a sudden carbon dioxide gas discharge during a scheduled cylinder replacement on June 9
 "Schaeffler India CEO taken into custody over fatal June factory accident")
Dr Reddy's gets DCGI nod for cancer drug's second indication in India
The approval allows toripalimab with cisplatin and paclitaxel as first-line treatment for unresectable advanced, recurrent or metastatic ESCC in adults
 "Dr Reddy's gets DCGI nod for cancer drug's second indication in India")
HDFC Bank probe finds senior executives leaked secrets to outsiders
HDFC identified the executives during an internal investigation that began after some leaders grew concerned about the possibility of information being leaked
 "HDFC Bank probe finds senior executives leaked secrets to outsiders")
Carlsberg India prepares to file IPO papers this week, eyes $700 million
Carlsberg India, the country's second-largest brewer, is expected to begin investor roadshows next week and could launch the IPO as early as December
 "Carlsberg India prepares to file IPO papers this week, eyes $700 million")
Dr Reddy's receives DCGI approval for esophageal cancer drug Zytorvi
The drug has been approved in combination with cisplatin and paclitaxel for the first-line treatment of adult patients with unresectable advanced, recurrent, or metastatic ESCC
 "Dr Reddy's receives DCGI approval for esophageal cancer drug Zytorvi")
L&T wins large orders for Central Secretariat, Amaravati office towers
The orders cover two Central Secretariat buildings in New Delhi and two 47-storey office towers in Amaravati, with the projects scheduled for completion in 24 months and 30 months, respectively
 "L&T wins large orders for Central Secretariat, Amaravati office towers")
Kalpataru bags orders worth ₹2,349 crore, FY27 inflows cross ₹22,000 crore
The engineering and construction company secured fresh projects in power transmission and distribution, and buildings and factories, in India, according to a regulatory filing
 "Kalpataru bags orders worth ₹2,349 crore, FY27 inflows cross ₹22,000 crore")
Focus on safety paramount, says Match Group's Senior V-P Yoel Roth
Tinder, Hinge roll out India-specific safety features and biometric checks
 "Focus on safety paramount, says Match Group's Senior V-P Yoel Roth")
BVG India focusing on long-term contracts with better margins: CMD
The company wants contracts that provide good returns on investment and greater visibility on revenue and margins, rather than chase growth through low-margin work
 "BVG India focusing on long-term contracts with better margins: CMD")
$800 million asset manager to shift 2 funds out of GIFT on tax issues
he fund manager cites uncertainty over tax deductions, compliance requirements and investor restrictions as reasons for relocating two funds to Abu Dhabi Global Market
 "$800 million asset manager to shift 2 funds out of GIFT on tax issues")
India has set itself the task of being a leader in 6G: GSMA APAC head
GSMA pushes global adoption as countries begin testing and trialling 5G Advanced
 "India has set itself the task of being a leader in 6G: GSMA APAC head")
OYO parent to nearly halve IPO fresh issue size to up to ₹3,350 crore
OYO parent PRISM is planning to nearly halve the size of the fresh issue in its proposed initial public offering (IPO) to up to Rs 3,350 crore from almost Rs 6,650 crore, sources said on Tuesday
 "OYO parent to nearly halve IPO fresh issue size to up to ₹3,350 crore")
Open to acquisition to build capabilities: Piramal Finance MD & CEO
Jairam Sridharan says urban and semi-urban markets will drive H2 growth as the lender takes a measured approach to wholesale lending
 "Open to acquisition to build capabilities: Piramal Finance MD & CEO")
IL&FS crisis after 8 years: How India's biggest default reshaped regulation
With former finance secretary M Nagaraju taking charge at IL&FS, its resolution enters another phase, with recoveries slated to exceed commitments, even as the crisis has influenced insolvency reforms
 "IL&FS crisis after 8 years: How India's biggest default reshaped regulation")
Apple faces UK regulatory push to open iPhone contactless payment systems
UK watchdog proposes wider, cheaper access to iPhone contactless technology to boost competition among digital wallet providers
 "Apple faces UK regulatory push to open iPhone contactless payment systems")
Jio is a technology company, not just a telco: Akash Ambani ahead of IPO
Jio is a technology company, not just a telco: Akash Ambani ahead of IPO
 "Jio is a technology company, not just a telco: Akash Ambani ahead of IPO")
YES Bank sees no immediate need to raise capital after SC's AT1 verdict
The lender says its capital buffers, deferred tax assets and other options provide flexibility even as the reinstatement of Rs 8,415 crore in AT1 bonds may lower its CET1 ratio
 "YES Bank sees no immediate need to raise capital after SC's AT1 verdict")
Harish Bhat resigns as non-executive and non-independent director of Trent
Harish Bhat, who joined Trent's board in April 2014, has resigned effective October 17, citing growing professional and personal commitments in a letter to Chairman Noel Tata
 "Harish Bhat resigns as non-executive and non-independent director of Trent")