Page 16 - Company News

BigBasket appoints Seshu Kumar Tirumala as chief operating officer

BigBasket appoints long-time executive Seshu Kumar Tirumala as COO to strengthen operations and drive growth across its quick commerce business

Reliance explores cash deployment options ahead of possible RBI rate hike

One proposal involves moving Reliance's cash holdings from liquid mutual funds into short-dated money market instruments, people aware of the conglomerate's thinking said

Sebi bars Rajesh Exports, flags ₹15.15 trn revenue inflation scam

The Securities and ‌Exchange Board of India (SEBI) has barred the company and its owner from the securities markets till it completes its investigation

IEX trade volume rises 18.6%, Day-Ahead Market price up 18.3% in May

Rising electricity demand and record peak power consumption boosted trading volumes on the Indian Energy Exchange and pushed spot market prices higher

Vanguard marks down Ola Consumer valuation to about $70 million

The asset manager's latest valuation implies a nearly 99 per cent decline from the level at which it first invested in the ride-hailing company in 2015

IT major Wipro CEO Pallia's salary down 15.7% to $5.29 million

The decline in Srini Pallia's compensation was primarily due to lower variable pay, as IT firms continue to navigate a challenging demand environment

Oyo's parent Prism gets Sebi nod for ₹6,650-crore public listing: Report

Prism had submitted its draft IPO papers to Sebi through the confidential filing route in late December 2025

Welspun One eyes leasing 10 mn sq ft in 3 years, expand footprint

Betting big on domestic supply chain boom, warehousing and industrial real estate platform Welspun One on Tuesday announced plans to lease over 10 million sq ft over the next three years, nearly double its current operational footprint. The deals include a 5.9 lakh sq ft single-box facility for Amazon India, a 20-metre-high warehouse for AAJ Supply Chain, the company said. A controlled-environment facility of over 2 lakh sq ft built-to-the-precise specifications of a leading medical equipment manufacturer, a signal of how the sector is moving well beyond commodity storage, forms the part of the 10-million sq ft land deal, it said. As part of its next growth phase, Welspun One said it is also expanding beyond large-format warehousing into adjacent segments, including in-city distribution, retail and commercial infrastructure. Key projects under construction are the country's largest free trade warehousing zone (FTWZ) development at Nhava Sheva with over 4.5-million sq ft of space, o

India's long-term growth remains intact despite near-term hurdles: HUL

HUL Chairman Nitin Paranjpe says strong domestic demand, structural reforms and digital transformation continue to underpin India's long-term growth prospects

Adani firms report record $16 bn capex, all-time high Ebitda in FY26

Adani group companies reported a record capital expenditure of Rs 1.53 lakh crore (USD 16.1 billion) and an all-time high EBITDA of Rs 94,834 crore (USD 10 billion) in the 2025-26 fiscal year, underscoring an accelerating infrastructure expansion cycle while maintaining leverage below its stated target. The investment programme -- the largest annual capex undertaken by an Indian corporate group -- lifted the portfolio's gross asset base to Rs 7.85 lakh crore (USD 82.8 billion), with nearly 80 per cent of spending directed towards energy, utilities, transport, and logistics businesses. Consolidated EBITDA rose 5.6 per cent year-on-year, according to the group's annual results and credit compendium released on Tuesday. Nearly 80 per cent of FY26 investments were directed toward core infrastructure businesses, including energy, utilities, transport, and logistics, underscoring the group's continued focus on sectors linked to India's infrastructure build-out. The investment cycle comes

Data centre execution, exports revival key triggers for Cummins India

FY26 revenue grew 18 per cent Y-o-Y to ₹12,140 crore. Gross margins, which contracted in Q4, were up 60 basis points Y-o-Y to 36.8 per cent in FY26

Globe International Q4FY26 profit more than doubles to ₹11.6 crore

Cargo transportation and logistics solutions provider Globe International Carriers Ltd on Saturday said its net profit zoomed over twofold to Rs 11.62 crore in 2025-26 following steady revenue growth and improved operational performance. The company's revenue from operations rose by 11.7 per cent to Rs 174.92 crore in FY26 compared to Rs 156.65 crore in FY25, a statement said. The group's focus on efficiency, execution and business diversification helped deliver resilient results despite a dynamic operating environment, Subhash Agrawal, Managing Director, Globe International Carriers said. In FY26, the group entered the hospitality sector through its subsidiary, Govind Kripa Infratech, which entered into an agreement with OPO Hotels & Resorts to operate and manage a 56-room upscale hotel in Jaipur. The company also launched the first phase of its proprietary AI-driven Smart Procurement & Vehicle Placement Interface, leveraging a WhatsApp-based chatbot ecosystem to automate ...

Patanjali Foods Q4FY26 result: Profit jumps 46% to ₹524 cr; income up 17%

Patanjali Foods Ltd on Saturday reported a 46 per cent increase in its consolidated net profit to Rs 523.97 crore for the quarter ended March on higher income from sale of cooking oils and other food items. Its net profit stood at Rs 358.51 crore in the year-ago period. Total income rose to Rs 11,212.17 crore during the January-March period of 2025-26 fiscal from Rs 9,564.47 crore in the corresponding period of the preceding year, according to a regulatory filing. During 2025-26 fiscal, the company's net profit grew to Rs 1,814.47 crore from Rs 1,300.70 crore in the preceding year. Total income climbed to Rs 40,347.78 crore last fiscal from Rs 33,890.68 crore in the 2024-25 financial year. Incorporated in 1986, Patanjali Foods Limited is one of the leading edible oil companies in the country. The company operates in the Edible Oils, FMCG, and Wind Power Generation segments. It sells products under different brands like Patanjali, Ruchi Gold, Nutrela, Dant Kanti, Mahakosh, Sunrich,

Co-founders of Policybazaar parent PB Fintech sell 0.82% stake for ₹665 cr

These investors bought a total of 38 lakh equity shares, representing a 0.82 per cent stake in PB Fintech, at an average price of ₹1,751 apiece

Ireda Q4FY6 profit slips 1.8% to ₹493 crore; declares ₹1.35 dividend

State-owned IREDA has posted a marginal 1.77 per cent decline in net profit to Rs 492.63 crore during the March quarter on account of higher expenses. The company had reported a net profit of Rs 501.55 crore in the same quarter a year ago, the company said in an exchange filing on Friday. During January-March, the company's total income rose to Rs 2,181.28 crore from Rs 1,915 crore in the fourth quarter of the preceding 2024-25 financial year. Expenses increased to Rs 1,562.14 crore from Rs 1,285.91 crore in the last quarter of FY25. For the entire FY26, IREDA posted a net profit of Rs 1,874 crore, up from Rs 1,698 crore in 2024-25. Annual income also rose to Rs 8,338.89 crore from Rs 6,755.69 crore in FY25. In a separate statement, the company said it has "posted the highest ever annual profit." The Board of Directors recommended a final dividend of Rs 0.75 per equity share for the financial year 2025-26, subject to approval of shareholders in the ensuing Annual General Meeting

Q4 results: Patanjali, EaseMyTrip, Gujarat Gas, and 642 more on May 30

Some other firms that will announce their results today include Jindal Poly Films, DP Wires, Sarveshwar Foods, Balu Forge Industries, Panacea Biotec, and Jaibalaji Industries

Asian Paints Q4 results: Net profit rises 69% to ₹1,172 cr on strong demand

Consolidated net profit rose 69 per cent to ₹1,172 crore ($123.1 million) for the ​quarter ended March 31, topping ‌analysts' ​expectations of ‌₹1,116 crore

RIL to seek nod for ₹16.64 trillion transactions tied to JPL, Jio

Reliance Industries will seek shareholders' nod for approval of internal transactions of over Rs 16.64 lakh crore spread over the next five fiscal years involving digital services subsidiaries Jio Platforms and Reliance Jio Infocomm, according to the notice for the 49th AGM filed by the company on Friday. The meeting is scheduled to be held on June 19, 2026. The biggest pie of over Rs 13 lakh crore in the overall transaction will go to Reliance Jio from Reliance Retail in lieu of telecom services sold through its retail network. "The monetary value for transactions... for FY 2027-28 is estimated to be Rs 2,20,000 crore; and... in each of the subsequent financial years from FY 2028-29 to FY 2031-32 is estimated to be up to Rs 2,80,000 crore" for sale of Reliance Jio's recharge vouchers, Jio Fibre etc by Reliance Retail. The total estimate includes a payment of Rs 76,800 crore by Reliance Jio to RIL for roll out of its telecom network on EPC (engineering, procurement, and constructio

PhysicsWallah eyes 30% revenue improvement in FY27: Cofounder Prateek Boob

Prateek Boob, co-founder, in an interview with Udisha Srivastav, spoke about the company's FY27 priorities, narrowing losses, AI-driven efficiencies, and plans to build a personalised AI tutor

Despite uncertainties, we will stick to Saudi investment plans: Hinduja

On course to start a new 5,000 capacity plant in Saudi Arabia, says Dheeraj Hinduja, chairman, Ashok Leyland