Companies

AI payments firm AvenuesAI net profit at ₹71.88 cr, revenue doubles

Infibeam Avenues, now AvenuesAI, posts 15% rise in Q3FY26 net profit as revenue from operations more than doubles to Rs 2,381 crore

Rolls-Royce to expand footprint across India's air, land, sea domains

British defence giant Rolls-Royce on Thursday announced a mega plan to scale-up its business in India across vital sectors of defence and energy, including co-development of a next-generation combat jet engine. The announcement came a day after the company's CEO Tufan Erginbilgic met Prime Minister Narendra Modi. Under the ambitious initiative, Rolls Royce is looking at more than doubling the size of the its workforce to approximately 10,000 people in India and a 10-fold increase in local supply chain sourcing with a long-term goal to build on its decades-old presence in the country. "As we grow our participation in programmes across India's defence, aviation and energy sectors, we will expand our ecosystem in India, as we have done successfully in other countries," Erginbilgic said. The leading aero-engine maker has already been working on making India its third "home market" outside of the UK in line with a plan to unlock the full potential of opportunities across an array of ...

Corporate India's capital expenditure cycle shifts into top gear

At 13.1%, fixed asset creation by leading listed firms hit six-year high in H1FY26

JM Financial Q3FY26 results: Net profit jumps 50% to ₹313 crore

JM Financial Ltd has reported a 50 per cent jump in its consolidated profit after tax of Rs 313 crore for the third quarter ended December 2025, driven by strong performance in its corporate advisory, capital markets and private business segments. The company had posted a profit after tax (PAT) of Rs 209 crore in the same period of the last year, the Mumbai-based company said in a regulatory filing on Thursday. For the nine months ended December 2025, JM Financial's PAT jumped 69 per cent year-on-year to Rs 1,037 crore, it added. Fees and commission income increased by 32 per cent to Rs 306 crore, while operating PAT rose 17 per cent to Rs 244 crore. Its consolidated net worth stood at Rs 10,418 crore, up 17 per cent. Vishal Kampani, Vice Chairman and Managing Director, JM Financial Ltd, said the company crossed Rs 1,000 crore in PAT during the first nine months, with strong execution of strategies across businesses. "Private Markets, which provides a natural hedge to volatility i

StarAgri sees 55% revenue jump in FY25, eyes ₹2,000 crore in FY26

StarAgri has remained profitable since inception, while its non-performing assets continue to remain below 1 per cent, reflecting disciplined risk management and balance sheet strength

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

Tech Mahindra Q3FY26 results: Net profit rises 14% to ₹1,122 crore

Revenue for the quarter grew 8.3 per cent to Rs 14,393 crore. On a quarter-on-quarter basis, revenue was up 2.8 per cent

New dark patterns every day; govt working daily to address: Pralhad Joshi

Consumer Affairs Minister Pralhad Joshi says firms are innovating on dark patterns, prompting daily complaints; he cites NCH refunds and CCPA actions in 2025

PlasmaGen Biosciences bags ₹150 cr to scale int'l plasma therapeutics

Bengaluru-based PlasmaGen Biosciences raised ₹150 cr in a minority equity round led by ViNS Bioproducts at a valuation of over ₹1,500 cr to scale international operations

ATGC Biotech, Israel's Luxembourg Industries form Semiophore crop-tech JV

The JV plans to commercialise 18 semiochemical and pheromone technologies developed by ATGC Biotech in multiple international markets, including Israel, Brazil, Australia and countries in Africa

Bajaj Finserv targets a 22% profit CAGR, double customers in 5 years

Eyes listing on insurance arms, focus NRIs through GIFT City, pension funds biz post Allianz exit

SKF India Industrial expects top line to nearly double in 5 years

SKF India Industrial expects revenue to scale to about ₹4,500 crore in five years, with margins improving post-2028 as a Pune plant-led capex cycle is completed and efficiency rises

Marvell has one-fourth of its workforce in India: Country head Bishnoi

Marvell's India country head on how India has become the company's second-largest R&D hub, contributing to 90% of product lines and driving custom silicon for AI infrastructure

Apple names Amar Subramanya VP of AI as John Giannandrea steps down

Apple has named former Microsoft and Google executive Amar Subramanya as vice president of AI, reporting to Craig Federighi, as John Giannandrea steps down and moves into an adviser role

Skoda Auto Volkswagen India crosses 2 million local production milestone

SAVWIPL has crossed two million locally built vehicles, powered by strong sales, an India-focused platform strategy and rising exports across global markets

Meesho emerges as India's top free-cash-flow generator ahead of IPO

IPO-bound Meesho has swung to positive free cash flow in FY25, with analysts crediting its no-inventory, no-logistics, asset-light model for driving margins, capital efficiency and rapid scale

Puravankara leases retail space to IKEA at Purva Zentech Park in Bengaluru

The retailer will open its second Bengaluru store at Puravankara's upcoming Kanakapura Road project, set to be handed over in early 2026

Haldiram's eyes this US sandwich brand to take on Subway, Tim Hortons

Haldiram Group is in talks with US-based Inspire Brands to launch the Jimmy John's sandwich chain in India, marking its entry into the western-style QSR space to compete with global brands

Fashion ecom firm Myntra appoints Kannan Ganesan as chief financial officer

After seven years with the Flipkart Group, including four at Myntra, CFO Abhishek Gupta to pursue new career opportunities, according to the sources

Shadowfax seeks ₹2,000 crore in IPO as India's e-commerce deliveries surge

The Flipkart-backed logistics firm will use proceeds to expand infrastructure and branding after processing over 436 million orders in FY25