Page 3 - Companies

SpiceJet delays salaries of senior staff by 10-15 days, juniors unaffected

Employees earning up to ₹55,000 per month have received their August salaries, but higher-paid staff, mainly assistant managers and above, are experiencing delays of 10-15 days

Dabur challenges Colgate as India-US trade tensions hit toothpaste ads

Consumer goods company Dabur, valued at $11 billion, took out a front-page newspaper advertisement this week carrying photos of unbranded toothpaste packs that resemble Colgate packaging

Himachal directs companies to spend CSR funds within state: Minister

Himachal Pradesh government will ensure multinational companies set up in the state do not spend their CSR funds outside, Industries minister Harshwardhan Chauhan said in the Assembly on Friday. Raising the issue during the question hour, Sanjay Awasthi (Congress) named two large companies that are located in his Arki constituency and said the people there have been affected because of their projects, but funds under the corporate social responsibility (CSR) are not being used by them for the welfare of the locals. Responding to the remarks, Industries minister Harshwardhan Chauhan admitted that multinational companies were spending CSR funds in other states and not in Himachal. He assured that the government will enquire about the complaints regarding violations of environmental safeguards. Congress MLA from Doon Ram Kumar stressed that CSR funds should be used at the places where such companies are located and BJP MLA from Bilaspur Trilok Jamwal also complained that the company i

Indian company borrowing costs see steepest rise since 2022 on fiscal risks

The average yield on top-rated three year company notes climbed 26 basis points in two days through Tuesday, set for the steepest weekly gain since November 2022, data compiled by Bloomberg show

CleanMax to raise ₹5,200 cr via IPO; DRHP filed with Sebi for approval

The IPO, with a face value of ₹1, comprises a fresh issue of shares worth up to ₹1,500 crore and an offer-for-sale of up to ₹3,700 crore by promoters and investors

Nikhil Kamath invests ₹137.5 crore in Goldi Solar to expand capacity

Zerodha co-founder Nikhil Kamath invests ₹137.5 crore in Goldi Solar, supporting its expansion into solar cell manufacturing and capacity growth in renewable energy

Varun Beverages Q2 results: Profit up 5% to ₹1,325.4 cr, revenue down 2.32%

Varun Beverages Ltd, PepsiCo's largest franchise bottler, on Tuesday reported a 5.04 per cent increase in its consolidated net profit to Rs 1,325.4 crore for the second quarter that ended June 2025, helped by operational efficiencies and lower finance cost, though volume was impacted in peak summer season due to unseasonal rains. The company, which follows the calendar year as its financial year, had posted a net profit of Rs 1,261.8 crore in the April-June quarter a year ago, according to a regulatory filing from Varun Beverages Ltd (VBL). However, its revenue from operations declined 2.32 per cent to Rs 7,163.02 crore in the June quarter of FY26. It stood at Rs 7,333.67 crore in the corresponding quarter last fiscal. During June, VBL reported a 3 per cent drop in consolidated sales volume at 389.7 million cases in Q2 CY2025 from 401.6 million cases in Q2 CY2024, primarily due to abnormally high unseasonal rainfall throughout the quarter in India," the bottler said in its earnings

Looking to maintain double-digit profit growth in FY26: MHRIL CEO Bhat

Mahindra Holidays & Resorts India is looking to maintain a double-digit growth in its consolidated profit for the remaining part of this fiscal, buoyed by a strong performance in the first quarter, according to its Managing Director and CEO Manoj Bhat. The company, which plans to add about 1,000 rooms this fiscal as part of its overall target of increasing its key count to 10,000 by FY30, is on track with inventory additions, Bhat told PTI. "If you look at the consolidated profit growth of 18 per cent in Q1, I think that would be our target. In that range, we will look at growing our profits through the course of the year," he said when asked for the outlook for the remaining part of the fiscal year. In the first quarter, Mahindra Holidays & Resorts India Ltd (MHRIL) had posted a consolidated profit after tax of Rs 7.2 crore against Rs 6.1 crore in the year-ago period, up 18 per cent. Its total income increased 8 per cent to Rs 740.2 crore compared to Rs 686.1 crore in the ...

Jio Financial Q1 result: Profit up marginally to ₹325 cr, revenue jumps 46%

Shares of closed at ₹318.1 apiece on the BSE on Thursday

Sebi extends portfolio rebalancing timelines to all passive breaches in MFs

Market regulator Sebi on Thursday said that timelines for portfolio rebalancing in mutual fund schemes will now be applicable to all types of passive breaches across actively managed schemes, which was earlier limited to only asset allocation. A passive breach refers to unintended deviations from the mandated asset allocation or regulatory limits that do not arise from the direct actions or omissions of asset management companies (AMCs). Passive breaches generally do not happen due to the omission and commission of Asset Management Companies (AMCs). The mandated rebalancing period for all mutual fund schemes, except Index Funds and Exchange Traded Funds (ETFs), is 30 business days. Such breaches may be caused by corporate actions, significant price movements in underlying securities, maturity of instruments, or large-scale investor redemptions. The clarification came in the wake of a recommendation made by the Mutual Funds Advisory Committee (MFAC) and is aimed at ensuring consiste

Jeffrey Mark Overly appointed new chairman of auto parts maker Sona Comstar

Overly, an independent director since 2021, brings over four decades of global manufacturing experience to the role following the passing of former chairman Sunjay Kapur

Berger is number 2 by a margin in the decorative paint space: MD & CEO

Acquisitions are a high risk strategy; there are advantages in utilizing one's own strengths

Decathlon India to hit 170 stores by 2027, rolls out circular model

Decathlon plans to grow to 170 stores by 2027 and has launched a circular business model with repair, resale and buyback services across most of its Indian outlets

MakeMyTrip launches train seat prediction tool to reduce waitlisted fares

Never miss a confirmed seat again-MakeMyTrip predicts sell-outs and sends timely alerts so you can book your train tickets before they're gone

Japan firms to face fines if they fail to protect workers from heat waves

Businesses will face potential penalties including fines of 500,000 yen ($3,475) if provisions aren't sufficient

Perishables fuel Air India's cargo growth amid cold chain overhaul

Air India's perishables cargo rose 37% in two years as it expanded cold chain infrastructure, added tech tools, and grew flight capacity on key international routes

India may soon allow US, foreign companies to bid for govt contracts

The government is likely to allow US firms to bid for contracts worth over $50 billion, mainly from federal entities, as it negotiates a trade deal with Washington.

FY25 marks among the least ever spends on taking companies private

Acquisition amount at less than Rs 100 crore

Focusing on how ageing millennials look at wellness: Fireside's Vinay Singh

With ₹3,000 crore under management, Fireside Ventures sees emerging consumer cohorts and tech-driven wellness as key to India's evolving consumer brand landscape

Perfetti Van Melle India aims for ₹4,000 crore revenue in FY26

After closing FY25 at Rs 3,500 crore, the confectionery maker expects FY26 to be stronger, driven by improved demand, distribution depth and product mix shifts