Page 18 - Company News

Global firms take 58% share of office leasing in 7 Indian cities: Report

Global companies remained major demand driver for office space in India during 2025 as they leased nearly 60 per cent of ofifce spaces in India's seven major cities to expand their businesses, according to JLL India. According to data by real estate consultant JLL India, the gross leasing of office spaces rose by 8 per cent to record 83.3 million square feet last year across seven major cities from 77.2 million square feet in the preceding year. These seven cities are Mumbai, Bengaluru, Delhi-NCR, Pune, Hyderabad, Chennai and Kolkata. Out of the total leasing, the global firms took on lease 48.6 million square feet office last year, contributing 58 per cent to the total office demand. Availability of skilled English speaking talent and supply of premium office space at a very affordable rentals are the major factors that attract global firms to invest in India. Global firms took 31.4 million square feet area for setting up of Global Capability Centres (GCCs). Domestic firms absor

ECL urges staff to boost coal output to meet annual production targets

Coal India subsidiary Eastern Coalfields Limited (ECL) has urged its employees to enhance production in the final quarter of the current fiscal to bridge the gap between targets and achievements, citing shortfalls in cumulative output till December. In a message to employees ahead of the 77th Republic Day, ECL CMD Satish Jha said cumulative coal production up to December 2025 stood at 33.482 million tonnes, below the proportionate target of 38.752 million tonnes, underscoring the need for accelerated production in the remaining months of the fiscal. The Coal India arm, however, said it remained on a strong operational footing, supported by robust overburden removal of 133.013 million cubic metres during the period, which it described as a key area of strength enabling higher coal output. Cumulative coal offtake during the April-December period stood at 33.666 million tonnes, helping ensure continuity of supplies and revenue flow. Calling for concerted efforts from employees, office

Embassy Developments pre-sales to jump 2.5-fold to ₹5,000 crore

Realty firm Embassy Developments Ltd's sales bookings will jump two-and-a-half times to Rs 5,000 crore this fiscal on strong housing demand, a top company official said. In an interview with PTI, Embassy Developments Ltd (EDL) Managing Director Aditya Virwani noted that the company's business activities have now gathered pace after the takeover of Indiabulls Real Estate (IBREL). "We have sold properties worth about Rs 2,000 crore in the first nine months of this fiscal," he said. Virwani expressed confidence that the company would be able to sell housing properties worth Rs 3,000 crore during the current quarter with the help of new launches of residential properties in Mumbai Metropolitan Region (MMR) as well as sustenance sales in the existing projects. Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24. Virwani said the company is now completely focusing on completing a few legacy housing projects and also launching new ...

LogiMAT India to boost 15% of Indo-german logistics, investment growth

Platforms like LogiMAT India 2026 can catalyse over 15 per cent or USD 7.5 billion of bilateral logistics and investment growth between India and Germany over the next three years, said German Engineering Federation (VDMA) India Chief. Bilateral trade between India and Germany has crossed the USD 50 billion milestone in 2024-25, underscoring the countries' deepening partnership in logistics, technology, and investment, a statement said. According to the statement, as India and Germany recalibrate their economic and trade engagement, the world's biggest logistics show in India, LogiMAT India 2026, will bring together 43 German companies and leading innovators from across the logistics and supply chain spectrum. "Germany is India's largest trading partner in the European Union, and our logistics and technology partnership is entering a new era. Platforms like LogiMAT India can catalyse over 15 per cent (USD 7.5 billion) of bilateral logistics and investment growth in the next three ..

Adani Group, Embraer to set up commercial aircraft assembly line in India

Adani Group and Brazilian aerospace major Embraer are set to announce next week the plan to set up a final assembly line for civilian aircraft in India, a significant push for the efforts to make planes in the country. India is one of the world's fastest growing civil aviation markets and air traffic demand is rising, with airlines expanding their fleets and new airports coming up. A Memorandum of Understanding (MoU) wil be inked by executives of Adani Defence and Aerospace, and Embraer in the presence of Civil Aviation Minister K Rammohan Naidu on January 27 in the national capital. The plan is for setting up the Final Assembly Line (FAL) for making Embraer jets in the country, according to sources. Embraer makes commercial jets with up to 150 seats. With the FAL, Adani Group, which already has good presence in the fast-growing Indian aviation space, will be making its foray into building aircraft in India. One of the sources said that in due course after the operationalisation

Chennai Petroleum Corp reports ₹1,002 cr Q3 profit on strong margins

Chennai Petroleum Corporation Ltd reported a consolidated profit of Rs 1,001.59 crore for the October-December 2025 quarter, driven by sustained operational excellence, the company said. The city-headquartered company had posted a net profit of Rs 20.78 crore in the corresponding quarter of the previous financial year. For the nine-month period ending December 31, 2025, CPCL's net profit grew to Rs 1,680.85 crore, compared with a net loss of Rs 255.83 crore in the year-ago period, the group company of IndianOil Corporation Ltd said in a press release. CPCL achieved a crude throughput of 2.79 million metric tonne during the October-December quarter, up from 2.55 million metric tonne in the same period last year. "This translates to a capacity utilisation of 105 per cent, underscoring efficient plant operations and high reliability," the release said. The quarter's financial results reflected robust physical performance and improved refining margins, the company added. Consolidated

Nhai plans to reduce its debt to below ₹2 trillion by March 2026

State-owned NHAI is planning to reduce its debt to below Rs 2 lakh crore in the current financial year ending March, a senior government official said on Sunday. NHAI's debt liability had peaked at Rs 3.5 lakh crore in 2021-22. As of December 31, 2025, the debt stands at Rs 2,35,947 crore. "In line with the government policy, NHAI has not borrowed since 2023 and since then the debt liability was reduced by around 32 per cent," the official said on condition of anonymity. Further, to reduce its overall debt, he said NHAI has prepaid liabilities of Rs 86,000 crore of which Rs 50,000 crore was NSSF loan. "No specific target for the current year was fixed but the debt liability is planned to be brought down below Rs 2,00,000 crore," the official said. Retiring this debt ahead of schedule has resulted in a steep decrease of NHAI debt. Due to proactive negotiation with banks, NHAI was able to reduce its interest burden by refixing interest rates lower by about 80 basis points during t

UltraTech Cement's Q3FY26 profit grows 27% Y-o-Y, beats analyst estimates

UltraTech Cement, India's leading cement maker on Saturday reported a consolidated net profit of Rs 1,729.44 crore for December quarter FY26. It had posted a net profit of Rs 1,363.44 crore in the October-December period a year ago, the Aditya Birla group flagship firm said in a regulatory filing. Revenue from operations was at Rs 21,829.68 crore in the December quarter of FY26. It was at Rs 17,778.83 crore a year earlier. The company said its results " for the three months and nine months ended 31/12/2025 are not comparable with the previous corresponding period" due to acquisition of India Cements Ltd (ICL), Blrla White WallCare (earlier known as Wonder WallCare) and Ras Al Khaimah, the UAE-based RAKWCT. Moreover, the scheme for the merger of the cement business of Kesoram Industries with UltraTech and their respective shareholders and creditors was also effective from March 1, 2025. UltraTech's total consolidated income, which includes other income as well, was at Rs 21,965.26

Kotak Mahindra Bank consol Q3 net profit up 5% YoY to ₹4,924 crore

The bank reported marginally higher provisions in Q3 at ₹810 crore, up 2 per cent YoY. However, sequentially, provisions of the lender was down 15 per cent

PepsiCo India brings in Tata Tech's Savitha Balachandran as new CFO

PepsiCo India appoints Savitha Balachandran as CFO for India and South Asia, succeeding Kaushik Mitra, who will retire in April after 24 years with the company

Bansal Wire plans to invest ₹2,500 crore in steel cord manufacturing unit

As part of the main project, the company has built a 20,000-tonne pilot facility with an investment of Rs 150 crore, which will be commissioned by the end of this year

State-run BPCL to sign $780 million oil deal with Brazil's Petrobras

Indian refiners are redrafting their oil import strategies, buying more oil from ​Middle Eastern, African and South American countries to make up for a reduction in Russian oil supplies

India Cements Q3 result: Loss narrows to ₹5.7 crore, revenue up 23%

Including the tax cuts, average pan-India cement prices ‌dropped 6 per cent on-year in the reported ​quarter, data from brokerage Ambit Capital showed

IndiGo's Q3FY26 results: Net profit declines 77.6% to ₹549 crore

The company's total revenue in the third quarter increased 6.7 per cent year on year to ₹24,541 crore. Its total expenses increased 9.6 per cent year on year to ₹22,432 crore

ixigo Q3 results: Profit jumps 54% to ₹24 crore on higher bookings

ixigo (Le Travenues Technology Limited) on Thursday reported 54.11 per cent rise in consolidated net profit for December quarter at Rs 23.95 crore, driven by higher revenue from operations including flight, train, and bus ticketing services. The travel booking platform had logged a net profit of Rs 15.54 crore during the year-ago period, a regulatory filing said. During the quarter under review, ixigo's revenue from operations increased to Rs 317.56 crore from Rs 241.76 crore a year ago. Total expenses also rose to Rs 295.85 crore from Rs 223.67 crore. The gross transaction value (GTV) for ixigo's bus booking vertical grew over 36 per cent year-on-year in December quarter, whereas the flights vertical recorded GTV growth of more than 22 per cent despite industry-wide disruptions witnessed in December. "Our Q3 performance demonstrates our continued ability to outpace the market's growth with improving profitability. We are at a juncture in history where we will be judged not by our

Rapido FY25 loss narrows to ₹258 crore; revenue rises 44% to ₹934 crore

Roppen Transportation Services, the parent company of ride-hailing platform Rapido, narrowed its consolidated loss to Rs 258 crore in FY25 from Rs 370 crore a year ago. According to financial data accessed via business intelligence platform Tofler, the Bengaluru-headquartered unicorn's revenue from operations rose to Rs 934.44 crore last fiscal year, reflecting a 44.19 per cent increase compared to Rs 648 crore in FY24. "Rapido has sustained strong operating momentum, driven by higher utilisation across our mobility offerings, sharper cost discipline, and the growing maturity of our platform. "As we scale and expand, our focus remains on sustainable growth, improving unit economics, and strengthening the ecosystem for captains and passengers across markets and categories through varied business models," a Rapido spokesperson said. Rapido plans to initiate its IPO process by the end of 2026. In November 2025, Rapido Co-Founder Aravind Sanka told PTI that the company expects to main

TVS Emerald raises ₹425 crore in equity from IFC for housing projects

Realty firm TVS Emerald has raised Rs 425 crore in equity funding from the International Finance Corporation (IFC) to fund its new housing projects. TVS Emerald is part of the TVS Group. In a statement on Thursday, the company said the investment will be used to develop two upcoming residential projects, which would be launched next fiscal in Chennai and Bengaluru as well as future projects. The company would invest Rs 136 crore in Chennai project and Rs 103 crore in Bangaluru housing project. The rest will be earmarked for additional residential projects to be launched over the next two years. The two upcoming projects in Chennai and Bengaluru would have a combined revenue potential of Rs 4,400 crore. TVS Emerald is engaged in the development of residential projects and self-sustaining communities, with a presence in Chennai and Bengaluru. The company has delivered over 6 million sq ft. of residential developments and has more than 9 million sq ft currently under development.

Ujjivan Small Finance Bank Q3 results: Profit rises 71% to ₹186 crore

Ujjivan Small Finance Bank on Thursday reported a 71 per cent growth in net profit at Rs 186 crore for the third quarter ended December 31, 2025. The bank reported a net profit of Rs 109 crore in the third quarter of the 2024-25 fiscal year. The bank reported an all-time high net interest income (NII) of Rs 1,000 crore for the third quarter of FY26, up 12.8 per cent year over year. Ujjivan Small Finance Bank MD & CEO Sanjeev Nautiyal said the bank's deposits grew 22.4 per cent on a yearly basis to Rs 42,223 crore, with the credit-deposit ratio at 88 per cent as of December 2025. Gross loan book for the quarter grew 21.6 per cent YoY to Rs 37,057 crore, driven by the highest-ever quarterly disbursements at Rs 8,293 crore. "This was due to all-around performance across unsecured and secured products. Secured portfolios such as housing, MSME, gold, vehicle and agri loans, scaled up in line with our long-term diversification strategy. The secured book share increased to 48 per cent as

Adani Energy Solutions Q3 results: Profit falls 8% to ₹574 crore

Adani Energy Solutions Ltd (AESL) on Thursday posted an over 8 per cent decline in consolidated net profit to Rs 574.06 crore for December quarter, mainly due to higher tax expenses. AESL had logged a net profit of Rs 625.30 crore in the same period a year ago, the company said in an exchange filing. According to the filing, the company made a provision of total tax expenses of Rs 226.17 crore, whereas it had got tax credit of Rs 66.07 crore in the year- ago quarter. Total income however rose to Rs 6,944.44 crore from Rs 6,000.39 crore in the third quarter of 2024-25 fiscal, aided by increased revenues from key businesses. From transmission, the company earned a revenue of Rs 2,426.36 crore as against Rs 2,034.76 crore a year ago. Revenues from distribution business increased to Rs 3,103.62 crore from Rs 2,972.42 crore. "Q3FY26 adjusted PAT of Rs 574 crore increased by 30.4 per cent YoY translating from strong profitability at EBITDA and PBT level. The comparable PAT has been ...

Radico Khaitan Q3 results: Profit rises 63% to ₹155 crore; revenue up 22%

Radico Khaitan Limited, one of the largest manufacturers of Indian Made Foreign Liquor (IMFL), on Thursday reported 62.26 per cent increase in consolidated net profit at Rs 154.93 crore for December quarter, helped by its "highest ever" quarterly volume. The company had posted a profit of Rs 95.48 crore for October-December FY25, according to a BSE filing from Radico Khaitan, which owns brands as Rampur Indian Single Malt Whisky, Jaisalmer Indian Craft Gin, Magic Moments Vodka, and the 8 PM series. Revenue from operations was up 22.13 per cent to Rs 5,423.83 crore in the December quarter. "Premiumisation coupled with the raw materials tailwinds has led to higher profitability and stronger return ratios," said Radico Khaitan in its earning statement. Total expenses increased 20.82 per cent to Rs 5,210.26 crore in the December quarter. Total income, which includes other income, was at Rs 5,426.44 crore, up 22.16 per cent. In the December quarter, Radico Khaitan's Total IMFL volume