Page 15 - Company News

Sellwin Traders to buy 36% of Kumkum wellness in preferential share swap

Sellwin Traders on Monday said it has signed a memorandum of understanding to acquire a 36 per cent stake in Kumkum Wellness in a share swap deal. Under this agreement, Sellwin Traders plans to acquire an initial 36 per cent equity stake in KWPL (Kumkum Wellness Pvt Ltd), with an option to increase its holding up to 60 per cent within the next 18 months, Sellwin Traders said in a statement, adding that this phased acquisition underscores Sellwin Traders's confidence in KWPL's business model and long-term growth potential. Under the share swap deal, Sellwin will issue its equity shares on a preferential basis to KWPL and its shareholders at Rs 15 per equity share, it said. The MoU also sets a clear roadmap within which the parties aim to formalise definitive agreements by 31 December 2025. Monil Vora, Director, Sellwin Traders Limited, said, "We are excited to embark on transformative global partnerships, reaffirming our growth-centric vision". Vora added that the phased acquisitio

Juspay aims for $1 bn revenue before exploring IPO: Fintech's cofounder

Global expansion will drive growth before any listing move, says Sheetal Lalwani

Biyani sisters' Foodstories sees triple-digit growth in 1st year of launch

Since the first store at Ambience Mall in New Delhi's Vasant Kunj, the chain has expanded to Bengaluru's Lavelle Road and Hyderabad's Banjara Hills

Dish TV Q2 results: Net loss widens to ₹132.6 crore, revenue drops 26.4%

Direct-to-home firm Dish TV India Ltd on Friday reported a widening of its consolidated net loss to Rs 132.65 crore in the September quarter of FY26 on account of a rise in alternative entertainment options, inflationary pressures, and currency depreciation. The company had reported a net loss of Rs 37.38 crore in the July-September quarter a year ago, according to a regulatory filing from Dish TV. Its revenue from the operation slipped 27.41 per cent to Rs 291.13 crore in the September quarter. The same was Rs 395.62 crore in the corresponding quarter. Dish TV "EBITDA for 2Q FY26 stood at Rs 31.8 crore, a decrease of 77.9 per cent year-over-year," the company said in its earnings statement. "The decline in EBITDA was primarily due to the rise of alternative entertainment options, inflationary pressures, and currency depreciation. However, the company is confident that its new initiatives will begin to yield results in the coming quarters," it said. Total expenses of Dish TV were

ideaForge wins ₹100 cr Indian Army order for advanced tactical drones

City-based drone maker ideaForge Technology Ltd on Friday said it has secured a supply order worth about Rs 100 crore from the Indian Army for its next-generation tactical unmanned vehicle Zolt and all-terrain VTOL drone, SWITCH 2. The capital emergency procurement order for its Zolt is valued around Rs 75 crore, following an extensive and rigorous evaluation process -- extensive field trials in electronic warfare (EW) environments and stringent country of origin checks, while the SWITCH2 order is valued at Rs 30 crore, ideaForge said. The company had launched the two UAVs at the Aero India show in Bengaluru earlier this year. Zolt is a multi-role platform capable of long-range ISR (intelligence, surveillance and reconnaissance) and precision payload delivery, and is purpose-built for present-day defence operations, combining performance, autonomy, and resilience for ISR while SWITCH 2 is already battle tested and inducted into the Army's arsenal for ISR operations, ideaForge ...

Google offers ad tech changes to settle €3 bn EU antitrust order

Despite the offer, the company said it still disagrees with the European Commission's September decision and plans to appeal

Hindustan Aeronautics revamp study to be ready by March next year

Govt ropes in BCG to conduct study in view of firm's growing order book

Jio Leasing invests ₹45 crore in Reliance International Leasing IFSC unit

Jio Financial Services Ltd (JSFL) on Friday said its subsidiary Jio Leasing Services Ltd has invested Rs 45 crore in Reliance International Leasing IFSC Pvt Ltd through a rights issue. Jio Leasing Services Ltd (JLSL) has subscribed to and has been allotted 4,50,00,000 or 8.1 per cent Cumulative Optionally Convertible Preference Shares (OCPS) of Rs 10 each of Reliance International Leasing IFSC Pvt Ltd, JSFL said in a regulatory filing. Reliance International Leasing IFSC Pvt Ltd is a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures Ltd, a wholly owned subsidiary of Reliance Industries Limited. JLSL subscribed to the rights issue aggregating Rs 45 crore, it said. The aggregate investment made by JLSL in Reliance International Leasing IFSC Pvt Ltd till date is Rs 166.55 crore, it said. The investment is made to fund RILIPL's business operations, it said. The investment is a related-party transaction of JLSL and is on an arm's-length basis, it said. The ...

Varvee Global Q2 results: Profit rises 23% to ₹10.2 cr, revenue jumps 80%

Textiles manufacturer and exporter Varvee Global Limited on Thursday said its profit after tax jumped by 23 per cent in the July- September quarter to Rs 10.21 crore compared to Rs 8.2 crore in the year-ago period. The denim textile manufacturer's revenue from operations surged by nearly 80 per cent to Rs 27.83 crore in the second quarter of FY26 compared to Rs 15.47 crore in the year-ago period, reflecting stronger realisations and a richer mix, the company said in a statement. A sharp drop in finance cost to nearly nil and lower expenses in the second quarter boosted the profitability, the company said. "This is the first full quarter with the new leadership playbook at work where results are visible in the margin reset, the EBITDA swing, and the near-elimination of finance costs," Jaimin Gupta, Chairman & Managing Director, said. The company will focus on deepening high-margin product lines, tighten cash conversion, and maintain conservative funding while pursuing selective, ...

GCPL acquires Muuchstac in ₹450 cr deal; promoters to continue to run biz

FMCG major Godrej Consumer Products Ltd (GCPL) has completed the acquisition of Muuchstac in a Rs 450-crore deal and its promoters would continue to be in the driving seat, running the business. GCPL Managing Director and CEO Sudhir Sitapati, in a post on social media platform LinkedIn, said its founders "Vishal and Ronak will continue to run this business with GCPL supporting them". Moreover, GCPL, which is increasing its investment in high-margin categories, is looking for more new-age D2C businesses as Muuchstac. "If anyone else knows of a new-age D2C business with numbers as good as this one, please write a comment or DM me," said Sitapati. Last month, GCPL had announced the signing of a definitive agreement to acquire the FMCG business of Triology Solutions, operating primarily in the male grooming category with 'Muuchstac' brand via slump sale to "drive profitable growth". Muuchstac was founded in 2017 by two boys from Bhayander -- Vishal Lohia and Ronak Bagadia. "On 10 Nov

Jio urges Trai to adopt flexible net neutrality approach amid 5G evolution

Contending that net neutrality globally is evolving alongside market and tech advancements, Reliance Jio has urged TRAI to have a "flexible approach" to recognise traffic management and technology-centric innovations that are now possible with network slicing in 5G. Jio has told the telecom regulator that it is receiving proposals to launch tariff products based on network slicing technology under 5G Standalone. "With the stabilising of our 5G SA services across country, we are receiving proposals to launch tariff products based on network slicing technology under 5G SA. The sample proposals are for products for a defined upload speed slice and low latency gaming slice etc," Jio told Telecom Regulatory Authority of India, on the issue of Net Neutrality (that is the principle that all internet traffic should be treated equally) . Globally, Net Neutrality is evolving with market and technology scenarios, Jio said citing stance of regulators in markets such as the US and the ...

Tata Motors posts ₹867 cr loss in Q2, revenue rise 6% to ₹18,585 cr

The margin on earnings before interest, tax, depreciation, and amortisation (Ebitda) stood at 11.4 per cent, up 140 basis points

Novo sticks to oral semaglutide amid rising demand for injectables

Novo Nordisk will strengthen its oral semaglutide portfolio led by Rybelsus while cutting Wegovy injection prices by up to 37% to improve accessibility and expand its market in India

Air India's losses 'dragged' down net profit in H1: Singapore Airlines

Singapore Airlines reported a 67.8% drop in H1 profit, citing Air India's losses and lower interest income as key factors

Billionaire Ranjan Pai's Manipal Group eyes Byju's parent in insolvency bid

The education and healthcare major has filed an EOI to join the resolution process for Think & Learn

Alkem Labs Q2 profit rises 11% on strong India, international sales

India sales grew 14% Y-o-Y to ₹2,766 crore in the September quarter, while international sales rose 29.5% to ₹1,189 crore, contributing 31.7% to overall revenue

Hero Future Energies inks ₹30K cr MoU with Andhra for 4 GW renewables

Hero Future Energies will invest ₹30,000 crore to develop 4 GW of renewable capacity in Andhra Pradesh, with state support for clearances and phased project execution across three districts

Supreme Court says govt must assess how IBC has worked in ten years

Hearing the Aircel-RCom spectrum dispute, SC said it is time for the Centre to evaluate whether the IBC is meeting its objectives, as arguments on spectrum ownership and insolvency reached a close

Birla Estate partners with Gujarat Titans as principal sponsor for IPL 2026

Aditya Birla Real Estate has partnered with Gujarat Titans as the principal sponsor for IPL 2026, aiming to strengthen brand presence and connect with fans across India through cricket

Eureka Forbes Q2 results: Profit rises 32% to ₹62.9 cr, revenue up 15%

Eureka Forbes Ltd, a health and hygiene product maker, on Thursday reported an increase of 31.77 per cent in its consolidated net profit to Rs 62.92 crore in the September quarter of FY26. The company had a net profit of Rs 47.74 crore in the July-September quarter a year ago, according to a regulatory filing by the firm, now controlled by private equity firm Advent International. Revenue from operations was up 14.7 per cent to Rs 772.07 crore during the September quarter of FY26. It stood at Rs 673.13 crore in the corresponding quarter a year ago. This is the "eighth successive quarter of double digit growth", said Eureka Forbes in its earnings presentation. Eureka Forbes' total expenses increased 12.55 per cent to Rs 693.0 crore in the September quarter on a year-on-year basis. Commenting on the results MD and CEO Pratik Pota said: "In an uncertain and evolving external environment, Q2 FY26 was an exciting milestone quarter for us. We delivered a strong revenue growth of 14.9 pe