Page 13 - Company News

Fitch upgrades Shriram Finance long term foreign currency ratings to BBB-

Fitch has upgraded Shriram Finance's long-term IDR to BBB- after MUFG Bank's 20 per cent stake acquisition, citing improved capitalisation, funding access and support outlook

Just Dial Q4 net profit falls 36.5% to ₹100 crore despite revenue growth

Search engine company Just Dial Ltd has reported a 36.54 per cent fall in its consolidated net profit at Rs 100 crore in the fourth quarter ended March 2026. It had a net profit of Rs 157.6 crore in the January-March quarter a year ago, Just Dial said in a regulatory filing on Monday. The company is controlled by Reliance Retail Ventures, the retail arm of billionaire Mukesh Ambani-led RIL. Just Dial's revenue from operations increased 6.23 per cent to Rs 307.24 crore in the March quarter. It was at Rs 289.2 crore in the corresponding quarter a year ago. In the latest fourth quarter, "Total traffic (unique visitors on website) stood at 182.4 million, down 4.7 per cent YoY and 1.2 per cent QoQ," said Just Dial in its earnings statement. Just Dial's 85.7 per cent traffic originated on mobile platforms, 11.5 per cent on desktop/PC and 2.8 per cent on our voice platform, it added. "Total active listings stood at 54.7 million as on March 31, 2026, an increase of 12.1 per cent YoY and

SharkNinja enters India, eyes local production under Make in India

US-based appliance maker SharkNinja has entered India with select products and plans local manufacturing, aiming to tap growing demand across online and offline channels

Sovereignty equals autonomy in a hybrid world: IBM's Hans Dekkers

IBM's Hans Dekkers says enterprise AI adoption hinges on data control, hybrid cloud strategies, and domain-specific models, with digital sovereignty defined by autonomy, not just data localisation

UltraTech takes centre stage as it phases out 3 iconic South Indian brands

UltraTech Cement has phased out legacy South Indian brands Sankar, Coromandel, and Raasi after acquiring India Cements, as part of a strategy to unify branding and improve quality

ICICI Prudential AMC March qtr PAT rises 10.4% to ₹763 cr on higher income

ICICI Prudential Asset Management Company on Monday reported a 10.4 per cent rise in profit after tax (PAT) to Rs 763.4 crore during the March quarter, aided by higher income. The company had posted a PAT of Rs 691.7 crore in the corresponding quarter of the previous fiscal year. Revenue from operations during the quarter rose 19.5 per cent to Rs 1,517.1 crore compared with Rs 1,269.1 crore in the year-ago period, the company said in a regulatory filing. The board has recommended a final dividend of Rs 12.40 per equity share for FY26, subject to shareholders' approval at the ensuing annual general meeting. For the full financial year ended March 2026, the asset manager reported a 24.4 per cent increase in PAT to Rs 3,298.6 crore from Rs 2,650.6 crore in FY25. Revenue from operations for FY26 rose to Rs 5,764.6 crore compared with Rs 4,682.8 crore in the previous fiscal year. This marks the company's second set of quarterly results since its stellar stock market debut in December

Myntra names Sharon Pais as head as Flipkart accelerates 2027 IPO plans

Myntra has appointed Sharon Pais as its new head as Flipkart accelerates plans for a 2027 IPO, with focus on quick commerce, AI and Gen Z-driven growth

SpiceJet seeks relief from ₹144.5 crore deposit in Maran dispute case

SpiceJet has sought urgent relief from a court order to deposit Rs 144.5 crore in its dispute with the Marans, warning it could disrupt operations and hurt revival efforts

RMZ plans $35 bn investment, eyes IPO to fund AI, data centre push

Co-location data centres allow customers to house their own servers, with the operators ‌providing power, cooling, security and network connectivity

Goldman Sachs profit jumps 18% on strong dealmaking, equities trading

Global markets have been roiled by the Iran war as rising crude oil prices fan inflation fears and exacerbate worries about a recession

SP Group seeks investor nod to extend Goswami Infratech debt maturity

The ‌proposal aims to extend the maturity of high-yield notes that are currently set to mature on April 30

Purabi Dairy posts 33% rise in turnover to ₹400 crore in FY2025-26

The West Assam Milk Producers' Cooperative Ltd (WAMUL), which operates the popular brand Purabi Dairy, on Saturday said it has recorded a 33 per cent increase in its turnover in 2025-26 compared to the previous fiscal. The annual turnover of Purabi Dairy was Rs 400 crore in 2025-26, an increase from Rs 306 crore in 2024-25, it said in a statement. It said the cooperative's expansion has been driven by its growing farmer base, which now includes over 58,000 dairy farmers across Assam. Average milk procurement has risen to 1.6 lakh litres per day (LLPD), with peak procurement crossing 2 LLPD. More than 900 new Dairy Cooperative Societies (DCS) were organised during the financial year, taking the total number of societies under the Purabi network to over 1,600. To support procurement and maintain quality standards, 11 new Bulk Milk Cooling Centres (BMC) were set up, increasing the total number of such facilities to 59. The growth was supported by a balanced expansion across both mil

TCS Q4 results: Net profit jumps 12.2% to ₹13,718 cr, revenue up 9.6%

TCS signed one of its highest total contract values (TCV) in the fourth quarter of FY26 at $12 billion. The company had three mega deals in the quarter

Real-estate major Prestige group may look at Reit as office rentals rise

Land prices remain key factor

Axis Bank to infuse ₹389 crore in Axis Max Life to meet funding needs

Axis Bank has received the requisite approval from the Reserve Bank of India (RBI) for the said infusion

Mercedes-Benz drives past West Asia war turmoil with Q1 India growth

Strong demand for top-end luxury cars and EVs helps the carmaker post 5% sequential growth despite volatility, currency pressure and rising import costs

Amazon considers selling in-house AI chips to firms amid demand surge

The disclosure offers a rare glimpse into the scale of Amazon's in-house chip operation, which produces general-purpose computing and AI accelerators

Distributors' body writes to PM on Zepto's IPO, flags its impact on trade

AICPDF raises concerns over quick-commerce expansion, seeks review of Zepto IPO and safeguards for traditional FMCG distribution network

OpenAI releases new policy blueprint to prevent digital child abuse

Framework targets AI-generated abuse content, strengthens reporting systems and embeds safety-by-design measures to detect and prevent misuse, initially focusing on child protection in the US

HoABL launches 1% payment plan to boost Naigaon housing demand near Mumbai

HoABL introduces a 1% monthly payment plan for its Naigaon project to reduce upfront costs, improve loan access, and attract entry-level homebuyers amid affordability concerns