Company News

Titan's net profit rises 62.9% in Q1 on robust jewellery sales growth

Revenue from operations increased 29.3 per cent year-on-year to Rs 21,356 crore, while jewellery business income grew 43 per cent during the April-June quarter

Hindalco bets on ₹50K crore projects as debt peaks to ₹80,000 crore

The Aditya Birla Group's metals' company reported its strongest-ever quarterly performance in the first quarter of FY27

Wonderful launches India operations, plans to hire 1,000 engineers locally

The Israel-founded, Amsterdam-headquartered startup plans to establish a delivery centre and recruit at least 1,000 forward-deployed engineers as it expands in India

Airbnb hits 4-year high: Investors cheer revenue forecast raise, AI payoff

Airbnb shares surged after the company raised its full-year revenue forecast, citing resilient global travel demand while reporting quarterly revenue above market estimates.

Insurance firm CEOs see pay hikes as Irdai tightens compensation rules

Tarun Chugh earned Rs 33.66 crore in FY26, more than three times the remuneration of the next-highest-paid chief executive, as regulatory scrutiny of insurer executive pay increases

Ola Electric's Q1FY27 loss narrows to Rs 336 crore as revenue falls 45%

Vehicle deliveries nearly doubled sequentially to 39,192 units and market share recovered to 8.4 per cent, even as revenue declined 45 per cent from a year earlier

JK Tyre sees double-digit FY27 revenue growth despite input cost pressure

Robust domestic demand from original equipment manufacturers and the replacement market is expected to support growth, even as elevated input costs continue to weigh on margins

Hindalco Industries Q1 results: Net profit jumps 75% to ₹7,013 cr

Hindalco Industries on Friday said its consolidated net profit rose over 75 per cent year-on-year to Rs 7,013 crore in the June quarter, driven by increased revenues from aluminium and copper segments. The company had reported a net profit of Rs 4,004 crore in the first quarter of the preceding 2025-26 fiscal, the Aditya Birla Group entity said in an exchange filing. During April-June, the company's total income also increased to Rs 85,882 crore from Rs 64,834 crore in the year-ago period, posting a rise of around 32 per cent. The share of the aluminium upstream segment in the revenue was Rs 13,403 crore while copper's contribution was Rs 17,232 crore. Revenue from Novelis, the US-based aluminium producer and subsidiary of Hindalco Industries, was Rs 54,763 crore. Hindalco Industries Limited is the metals flagship of the Aditya Birla Group. A USD 31-billion metals powerhouse is the world's largest aluminium company by revenue and a major global player in copper and speciality ...

JK Tyre & Industries Q1 results: Net profit down 73% at ₹44.09 crore

JK Tyre & Industries on Friday reported a 73 per cent decline in consolidated net profit to Rs 44.09 crore in the first quarter ended June 20, 2026, hit by higher raw material costs amid the West Asia war. The company had posted a consolidated net profit of Rs 163.35 crore in the corresponding quarter of the previous fiscal, JK Tyre & Industries Ltd said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 3,946.24 crore as against Rs 3,868.94 crore in the same period a year ago. Total expenses in the first quarter were higher at Rs 3,912.75 crore as compared to Rs 3,695.08 crore in the year-ago period, the company said. During the quarter, costs of materials consumed were higher at Rs 3,036.51 crore, up from Rs 2,266.69 crore in the year-ago period, it added. "The continuing West Asia crisis led to a sharp increase in raw material prices, which impacted our gross and operating margins. ...Approximately 70 per cent of the tyre ...

Fisdom founders to exit Groww after wealth business integration

Subramanya SV and Anand Dalmia will exit Groww after completing a planned one-year transition following Fisdom's acquisition and integration into the fintech firm's wealth business

Nazara to raise ₹733.5 crore through a preferential issue for expansion

Nazara plans to raise ₹733.5 crore via a preferential issue, with the funds earmarked for acquisitions, business expansion, intellectual property and AI-led game development

River Mobility raises $120 million in Series C led by Elev8, Claypond

The Bengaluru-based electric two-wheeler maker will use the fresh capital to expand manufacturing capacity, build a new factory and launch products in the utility lifestyle segment

Molbio eyes overseas growth after OptraScan secures USFDA clearance

Molbio Diagnostics plans to expand its overseas business through subsidiary OptraScan after the latter secured USFDA clearance, while diversifying beyond tuberculosis-focused public-health revenues.

USFDA issues warning letter to Dabur over CGMP lapses at Silvassa plant

The US Food and Drug Administration (USFDA) has issued a warning letter to home-grown FMCG major Dabur India citing significant violations of current good manufacturing practices (CGMP) at its pharmaceutical manufacturing facility in Silvassa. The warning letter follows an inspection conducted by the US health regulator at the company's facility in Silvassa, Dadra and Nagar Haveli and Daman and Diu, from January to December 16, 2026. USDFA, in its letter dated July 24, 2027, to Dabur India CEO Mohit Malhotra, has pointed out data integrity lapses, inadequate quality oversight and deficient manufacturing controls. According to the USFDA, the facility's methods, controls and manufacturing practices did not conform to CGMP requirements, resulting in the products being considered "adulterated" under the US Federal Food, Drug and Cosmetic Act. Among the most serious findings, the USFDA said its investigator discovered that an equipment usage logbook provided by the company for a ...

Bayer CropScience Q1 net profit climbs 15% to ₹321.6 cr on better margins

Bayer CropScience, the Indian unit of German crop science group Bayer AG, on Wednesday posted a 15.39 per cent rise in net profit to Rs 321.6 crore for the first quarter of FY27, supported by improved gross margins driven by favourable pricing actions and a stronger product mix. The company reported a net profit of Rs 278.7 crore a year earlier, according to a regulatory filing. Its total income declined marginally by 0.48 per cent to Rs 1,923.9 crore in the first quarter of 2026-27 from Rs 1,933.3 crore in the year-ago period. Expenses declined 5 per cent to Rs 1,521.8 crore against Rs 1,598.1 crore. Bayer CropScience Vice Chairman, Managing Director and CEO Simon Wiebusch said, "We delivered a resilient start to FY2026-27, with our performance reflecting disciplined execution amid challenging weather and evolving market conditions". The quarter reflected market dynamics across regions and product offerings. Corn seeds sustained momentum despite an overall decline in acreage, ..

Google shakes up AI leadership, DeepMind CEO Hassabis new chief scientist

Alphabet named Demis Hassabis its chief scientist while several senior Gemini leaders, including Jeff Dean, left to launch a new AI startup.

Infosys expands partnership with Metsa for AI-ready IT transformation

The IT services company will manage end-to-end IT operations across Metsä Group's global business, including cloud, applications, workplace services and service desk support.

Mindspace Reit Q1 results: Net operating income rises 28% to ₹788 crore

Higher rental income, acquisitions and sustained occupancy helped the K Raheja Corp-backed Reit report strong growth in the June quarter

Brigade Hotel posts 140% rise in Q1 profit on debt repayment gains

The hotel company reported a sharp rise in June-quarter profit as debt repayment reduced finance costs, while higher room rates and occupancy offset weaker food and beverage demand.

Marico bets on premiumisation to achieve ₹20,000 crore revenue by 2030

The FMCG maker plans to strengthen its core portfolio, expand premium offerings, scale foods and digital brands, and sustain international growth to achieve its 2030 revenue target