Page 19 - Company News

Swelect Energy Systems rebrands, launches NUMERGY energy storage line

SWELECT Energy Systems Ltd on Wednesday unveiled a new brand logo and the tagline 'Powering the World Responsibly' as it seeks to strengthen its presence in solar, energy storage, and integrated energy solutions, a company official said. The Chennai-based company also announced the launch of its NUMERGY product portfolio, a comprehensive range of Battery Energy Storage Systems (BESS) designed to meet the growing demand for reliable power across residential and commercial applications. In a press release, SWELECT Energy Systems Ltd founder and vice chairman R Chellappan said, "Our new identity reflects how far we have come and where we are headed. From building dependable power solutions under Numeric to focusing on clean energy through SWELECT, our core values remain the same-reliability, responsibility, and trust." The new logo and tagline signal a clear strategic direction as the company expands its presence in solar, energy storage, and integrated energy solutions, the release ..

Lack of valuation comfort in Persistent Systems despite strong growth

In 9MFY26, in rupee terms, PSYS's revenue grew 23 per cent, adjusted operating profit grew 39 per cent and adjusted net profit grew 40 per cent Y-o-Y

Eternal Q3 FY26 profit jumps 73% as quick commerce fuels revenue surge

Eternal, the parent of Zomato and Blinkit, reported a sharp jump in December-quarter profit and revenue, driven by strong growth in quick commerce and improving operating leverage across businesses

Tata Communications names new MD, CEO-designate; Q3 profit up 54%

Tata Communications has appointed Ganesh Lakshminarayanan as MD&CEO-designate, even as the Tata Group firm reported a sharp rise in Dec-quarter profit on expanding margins and a healthy order book

Canara HSBC Life Q3 profit slips 6% to ₹27.7 crore

Canara HSBC Life Insurance Company on Wednesday reported a nearly 6 per cent drop in net profit at Rs 27.65 crore for the three months ended December 2025. The insurer had clocked a net profit of Rs 29.32 crore in the year-ago period. Total income of the firm promoted by Canara Bank rose to Rs 4,272.53 crore from Rs 1,540 crore in Q3 FY25, according to a regulatory filing to the stock exchanges. The company collected a net premium of Rs 2,867 crore in the quarter, up from Rs 2,005 crore a year ago. This is the second set of quarterly numbers announced by the company after making its stock market debut in October.

Vedanta creates ₹2,500 crore employee wealth through ESOPs over 5 years

Vedanta said its ESOP programmes have generated nearly ₹2,500 cr in employee wealth over five years, with the latest stock option grants expanding coverage to freshers and early-career professionals

Dr Reddy's Q3 PAT down 14% Y-o-Y on low Lenalidomide sales in US

Dr Reddy's Laboratories reported a sharp fall in December-quarter profit as declining Lenalidomide sales in the US weighed on earnings, even as India revenues and branded businesses remained resilient

HPCL posts 35% rise in Q3 profit at ₹40.7 billion on lower crude prices

Additionally, fuel consumption in India, the world's third-largest consumer and importer of oil, also hit a record high in December following a six-month peak in November

Jindal Stainless Q3 profit jumps 26.6% as domestic demand offsets exports

Jindal Stainless reported a sharp rise in Q3 profit on strong domestic demand and efficiency gains

Amagi is likely one of India's largest tech-driven, AI-first IPOs: Accel

Accel partners Shekhar Kirani and Rachit Parekh on why they're holding their Amagi stake post-IPO, the reopening of India's tech listing window, and where they're placing AI bets

Trai's number mandate for debt collection may have unintended consequences

Trai's move to shift debt collection calls to the 1600 series aims to curb fraud, but lenders warn it could force greater reliance on physical recovery methods

Dhanlaxmi Bank Q3 results: Net profit jumps 20% to ₹23.9 crore

Dhanlaxmi Bank on Wednesday reported a 20.3 per cent increase in its net profit to Rs 23.88 crore for the third quarter ended December 2025. The Bank had a net profit of Rs 19.85 crore in the year-ago period. Its total income rose to Rs 456 crore in the October-December quarter of FY26 against Rs 377 crore in the same quarter of the previous fiscal, Dhanlaxmi Bank said in a regulatory filing. The gross non-performing assets (NPAs) improved to 2.36 per cent of gross advances from 3.53 per cent a year ago. Shares of Dhanlaxmi Bank were trading at Rs 24.59 apiece, down 1.36 per cent over the previous close on BSE.

Allcargo names Vaishnav Shetty Deputy MD as part of leadership transition

In a move aimed at facilitating a leadership transition at the Allcargo group, the company on Wednesday elevated Allcargo Global Ltd's Executive Director for North Asia Vaishnav Shetty to the position of Deputy Managing Director and inducted him as a member of the AGL Board of Directors. Vaishnav, the son of group founder and Chairman Shashi Kiran Shetty, will work closely with AGL Managing Director Adarsh Hegde, a statement said. The appointment has been approved by the Board of Directors, it added. AGL, the international supply chain arm of the Allcargo Group, accounts for as much as 80 per cent of the group's revenue. His elevation reflects the group's structured approach to succession planning and building a digital-first and future-ready organisation amid the ongoing restructuring exercise at the group, under which its businesses are being reorganised into four independent and focused entities, the company said. As part of this process, the group's international supply chain

BHIM Payments app sees over four-fold jump in monthly transactions in 2025

The NPCI-run BHIM Payments App recorded strong growth in CY25, with monthly transactions rising over four-fold, driven by higher adoption, growth in small-ticket payments and rising trust in user

Kitchenware startup Cumin Co. raises $5 mn in pre-Series A funding round

The direct-to-consumer kitchenware brand has raised $5 million in a pre-Series A round led by Fireside Ventures to expand R&D-led product portfolio and strengthen supply chain, innovation capabilities

Bank of Baroda collaborates with IIFCL to boost infrastructure financing

Bank of Baroda on Wednesday announced the signing of a pact with India Infrastructure Finance Company Ltd (IIFCL) to facilitate joint lending and loan syndication for a wide range of infrastructure projects. This partnership will accelerate the growth of key infrastructure projects being set up in India, the bank said in a statement. Under the agreement, IIFCL and Bank of Baroda will collaborate to jointly finance a diverse range of infrastructure projects. Palash Srivastava, Deputy Managing Director of IIFCL said that IIFCL is actively supporting national objectives by enabling long-term and sustainable financing for infrastructure, with a strong focus on green finance, MSMEs and rural infrastructure - thereby fostering inclusive and resilient economic growth. "Bank of Baroda has an extensive nationwide presence and this collaboration with IIFCL positions us well to extend our reach and deliver innovative financing solutions that will support India's infrastructure ambitions," Lal

MATTER Motor Works plans to invest $100 million over next three years

Electric motorcycle maker MATTER Motor Works plans to invest USD 100 million dollars (nearly Rs 915 crore) in the next three years, as it plans to roll out four bikes besides entering the electric scooter segment, its Founder and Group CEO Mohal Lalbhai said on Wednesday. The company is targeting annual sales of 3 lakh units by 2029, while it looks to start exports to overseas markets by 2027, Lalbhai told PTI. "We are talking about four different classes of products. There will be variants underneath, but it will be four motorcycles and one scooter," he said when asked about the company's product rollout plans. Elaborating further, Lalbhai said, "We started off with a 175 to 200 cc equivalent (electric bike). We are going to be bringing in a 150 cc (equivalent) in 2026, then bringing in a 125 cc product in 2027, creating different form factors of the 150 cc and the 200 cc over 2028 and 2029." Then, towards 2029, he said, "We are looking at introducing a scooter once our entire ...

Apple Pay likely to enter India market this year, launch seen by end-2026

With this service, customers can save their credit and debit cards to the Apple Wallet

AU Small Finance Bank Q3FY26 results: Net profit up 26% at ₹668 crore

Dy CEO Tibrewal steps down from board, will continue in current role

Rallis India Q3 profit falls over 80% to ₹2 crore despite revenue growth

Agri input company Rallis India, a Tata enterprise, on Tuesday reported an over 80 per cent year-on-year decline in its profit after tax at Rs 2 crore during the quarter ending December 2025. The company's PAT (profit after tax) stood at Rs 11 crore during the corresponding period of the previous fiscal. In a regulatory filing, Rallis India said the quarter included exceptional items -- the additional gratuity provision on account of Wage Code implementation. During the third quarter of FY26, the company reported a 19 per cent growth in revenue at Rs 623 crore compared to Rs 522 crores in the same period of the previous year, driven primarily by strong volume growth across businesses. "Third quarter saw volume-led growth across businesses, supported by focused execution, strong customer engagement, and disciplined cost management. While demand remained moderate with seasonal fluctuations, we continued to strengthen our product portfolio, digital engagement, and innovation ...