Page 16 - Company News

Mondelez India launches Biscoff, targets top-three global market position

Mondelez India has introduced Lotus Biscoff cookies to expand its premium portfolio, aiming to make India a top-three global market as it begins local manufacturing and leads brand distribution

Ericsson opens R&D unit in Bengaluru to boost 5G development

Swedish telecom gear maker Ericsson on Thursday announced the establishment of a Radio Access Network (RAN) Software Research & Development (R&D) unit in Bengaluru. The facility will initially focus on developing advanced 5G features for Ericsson's 5G baseband, the company said in a statement. "Setting up the R&D Center in India for RAN software development represents a significant step towards strengthening our R&D operations in India. "Even as we leverage Indian software talent, we are also contributing to building the knowledge base and the telecom eco-system in the country," Nitin Bansal, Managing Director, Ericsson India and Head of Network solutions, Market Area South East Asia, Oceania and India, said. This facility is part of Ericsson's broader R&D expansion in Bengaluru and India, which includes enhancing its capabilities in Application-Specific Integrated Circuit (ASIC) development. With R&D centres in Chennai, Bengaluru, and Gurugram, Ericsson's ...

Patel Engineering Q2 results: Profit dips 12% to ₹64.7 cr, income rises 3%

Patel Engineering on Thursday reported an 11.73 per cent fall in consolidated net profit to Rs 64.7 crore for the September quarter, and a fundraising plan of Rs 500 crore. It had clocked a net profit of Rs 73.3 crore in the July-September period of FY25, the company said in an exchange filing. The company, however, increased its income to Rs 1,271.6 crore in the second quarter, from Rs 1,230.9 crore in the year-ago period. For April-September FY26, the company saw its net profit grow by around 20 per cent to Rs 144.7 crore, from Rs 121.1 crore in the six-month period of the previous fiscal. The board has also approved a rights issue of equity shares to raise Rs 500 crore. During the second quarter, Patel Engineering received a Rs 240 crore order from state-owned NHPC for civil and hydro-mechanical works at the Teesta-V project in Sikkim, bringing the total new orders received in H1 FY26 to Rs 2,500 crore. As of September 30, the company said its order book touched Rs 15,146 ...

Ashtech Group forays into real estate with ₹1,800 cr Greater Noida project

Realty firm Ashtech Group, which is into construction materials and infrastructure development, has entered into the real estate business and will develop around Rs 1,800 crore to build a luxury housing project in Greater Noida. The company's first project will be developed on a fully paid-up 5.6-acre plot, which it acquired from the authority for around Rs 300 crore, Ashtech said in a statement on Thursday. Sumit Agarwal, Director of Ashtech Group, said the company has been in allied sectors such as fly ash bricks, AAC Blocks, Ready-mix concrete (RMC), Pre-Engineered Building, large-scale infrastructure, and power infrastructure. "We believe this is the right time to extend our expertise to real estate development," he added. The company will soon launch the first phase of the upcoming project. Delhi-NCR-based Ashtech Group, which posted Rs 500 crore turnover last fiscal, plans to launch more projects in the coming years. The real estate sector has been performing exceedingly we

Aether Industries Q2 results: Profit rises 55% to ₹53.95 cr, revenue up 38%

Speciality chemicals manufacturer Aether Industries on Thursday reported 55.07 per cent growth in consolidated profit after tax at Rs 53.95 crores during the September quarter. The company's PAT stood at Rs 34.79 crores in the year-ago period, Aether Industries said in a regulatory filing. Revenue from operations of the company grew 38.44 per cent to Rs Rs 275.1 crore during the quarter under review compared to Rs 198.79 crore in the same period of the previous year. "The growth in the first half of 2025-26 has laid the foundation for a solid second half for FY26. We continue to invest in process innovation, customer partnerships, and capacity ramp-up, supported by a disciplined financial approach," Aether Industries Co-Founder and Director Rohan Desai said.

Realtor Saya Group clears nearly ₹1,500 crore loans to reduce debt

Realty firm Saya Group has cleared Rs 1,500 core debt from financial institutions and investors in the past five years as part of its efforts to reduce borrowing. The debt comprised term loans, non-convertible debentures, and guaranteed emergency credit line facilities from leading financial institutions, including IIFL Finance Ltd, YES Bank, and 360 One, the company said in a statement. It did not disclose the current outstanding debt. Saya Group Managing Director Vikas Bhasin said, "Clearing Rs 1,500 crore of debt over the last five years reflects our strong financial fundamentals, efficient project execution, and unwavering commitment to our stakeholders." Last month, Saya Group formed a joint venture to develop a two-acre luxury housing project in Ghaziabad and will invest Rs 550 crore on construction of 264 flats. The company has partnered with Harmony Infra to launch an ultra-luxury residential project 'The Horizon Residences' at Indirapuram in Ghaziabad. Saya Group has a .

Cupid Q2FY26 results: Net profit surges over two-fold to ₹24 crore

Healthcare products manufacturer Cupid Ltd on Thursday reported over two-fold increase in its net profit to Rs 24 crore for the second quarter ended September 30. The company had reported a net profit of Rs 10 crore in the July-September quarter of last year. Total income increased to Rs 90 crore for the second quarter as against Rs 47 crore in the year-ago period, the company said in a statement. "With capacity expansion and smarter procurement, we are removing execution bottlenecks and building a durable growth engine. We remain on track for our Rs 335 cr topline in FY26 and will reassess guidance during H2 in light of the constructive developments across our portfolio," Cupid Chairman and MD Aditya Kumar Halwasiya noted. The second half of FY26 is expected to be stronger than the first half, driven by strong order visibility and improving execution, it stated. The company also expects to deliver net profit of over Rs 100 crore for the year, it added. Shares of the company were

ONGC's lower realisations, slow production ramp-up keep brokerages cautious

Though ONGC's Q2FY26 results met expectations, analysts remain cautious amid weaker crude realisations, delayed production ramp-up, and trimmed output guidance for FY26 and FY27

NTPC to foray into coal gasification with 5-10 MT annual production goal

The state-run power giant aims to produce up to 10 million tonnes of synthetic gas annually at $10-$12 per mmBtu, while also expanding its nuclear energy capacity to 30 GW by 2047

Tata Motors' CV arm lists on BSE, seeks clean mobility, tech-led growth

Tata Motors' commercial vehicle arm debuted on the BSE, marking a milestone in the automaker's demerger

Nazara Technologies reports ₹29.35 crore Q2 loss on Moonshine write-down

Nazara Technologies posted a Rs 29.35 crore Q2 loss after a Rs 914.7 crore impairment in Moonshine Technologies, even as revenue rose 65% to Rs 526 crore

SpiceJet Q2 loss widens 36% on rupee fall, grounded planes, restrictions

The airline's Q2 FY26 net loss rose to ₹621.5 crore due to rupee depreciation, grounded planes, and airspace curbs, though CMD Ajay Singh says fleet expansion will aid recovery in H2

Delhi HC denies Johnson & Johnson subsidiary to sell existing ORSL stock

The Delhi High Court declined interim relief to JNTL Consumer Health, Johnson & Johnson's Indian arm, to sell its remaining ORSL stock, upholding the FSSAI order against misleading branding

Sammaan Capital to buy back NCDs to strengthen liquidity, balance sheet

The company's ALCO has approved repurchasing NCDs maturing up to June 2026 at par value to reinforce its balance sheet and maintain prudent liquidity and asset-liability management

Puravankara to invest ₹7,000 cr in new housing projects across India

Puravankara plans to invest ₹7,000 crore in upcoming residential projects expected to generate ₹15,000 crore in sales, expanding its presence beyond southern markets

JSW Steel likely to sell 50% stake in Bhushan Power & Steel to Japan's JFE

The stake sale could help scale Bhushan Power & Steel's capacity to 10 million tonnes and strengthen JSW's partnership with Japan's JFE while keeping debt in check

Uber gives teens in India more independence - with parental control

New feature lets teens book rides under parental oversight as company seeks stronger foothold in key growth market

Expensive valuations may limit upside for Divi's Laboratories stock

Despite strong custom synthesis growth and better-than-expected quarterly results, analysts caution that high valuations could restrict near-term gains for Divi's Laboratories

Novo Nordisk cuts weight-loss drug Wegovy prices by up to 37% in India

Move comes in a bid to gain more space in India's anti-obesity market dominated by Mounjaro

Kolte-Patil Developers posts ₹10 cr loss in Q2 FY26 as revenue dips

Pune-based Kolte-Patil Developers reported a ₹10.4-crore loss in Q2 FY26, with revenue falling 55% year-on-year, though sales realisations and collections improved