Page 2 - Company News

Netflix approves $25 billion share buyback, stock rises in premarket

Shares of the streaming giant rose 1.5 per cent in premarket trading

LTTS Q4FY26 results: Profit rises 6.75% to ₹332 cr, revenue up 8.3% Y-o-Y

L&T Technology Services (LTTS) on Wednesday reported a 6.75 per cent year-on-year rise in consolidated net profit at Rs 332 crore in the January-March quarter of FY26. The company had reported a net profit of Rs 311 crore in the March quarter of FY25. The company's revenue from operations rose 8.3 per cent to Rs 2,857.9 crore in Q4 FY26, as compared to Rs 2,637.8 crore in the year-ago period, according to a regulatory filing. On a quarter-on-quarter basis, profit and revenue climbed by 9.7 per cent and 2.5 per cent, respectively. For the full fiscal year ended March 31, 2026, LTTS posted a net profit of Rs 1,279.2 crore, reflecting a marginal hike of 0.98 per cent from Rs 1,266.7 crore in FY25. Revenue from operations came in 14 per cent higher at Rs 10,995.9 crore in FY26. LTTS' FY26 large-deal bookings crossed USD 850 million. The total included one USD 75 million deal, two deals valued at more than USD 20 million each, one deal of over USD 15 million, and three deals worth mor

Apple's control-focused model may limit AI growth as Ternus takes over

For decades, the company's tightly managed ecosystem, spanning custom chips, proprietary operating systems and curated apps, delivered devices that were secure and easy to use

Trent Q4FY26 results: Profit jumps 32.6% to ₹413 cr; board okays dividend

Tata group retail firm Trent Ltd on Wednesday reported a 32.57 per cent on-year increase in consolidated net profit to Rs 413.1 crore for the March quarter of FY'26. The company posted a consolidated net profit of Rs 311.6 crore in the January-March quarter a year ago, according to a regulatory filing by Trent Ltd, which operates retail stores under the brand names Westside, Zudio and Star. Meanwhile, the board of Trent has approved a bonus issue of 1 equity share for every 2 equity shares held and recommended a dividend of 600 per cent, which is Rs 6 per equity share of Re 1 each. Trent's consolidated revenue from operations was up 19.23 per cent to Rs 5,027.99 crore in the March quarter. It was Rs 4,216.94 crore in the year-ago period. The company's total expenses increased 16.7 per cent in the March quarter to Rs 4,520.95 crore in FY'26. The total consolidated income, which includes other income, was at Rs 5,055.90 crore, up 17.8 per cent in the March quarter. In the entire FY

Tata Communications Q4 results: Revenue rises 9.4% to ₹6,554 crore

Revenue from its mainstay data services business rose 11.5 per cent to 56.84 billion rupees ($606 million), boosting overall revenue to 65.54 billion rupees

Tesla brings in 2nd model to India; to expand service, body shop network

American electric carmaker Tesla on Wednesday announced acceleration of its journey in India, driving in the three-row six-seater SUV Model YL priced at Rs 61.99 lakh, its second offering in the country. The company, which last year made its much-awaited entry into India with the launch of its Model Y, is also revving up expansion of charging network across highways connecting major cities. "What we are going to do in the coming quarter or in this quarter is to expand our service and body shop network and presence in cities of Bengal, Hyderabad, Chennai and Ahmedabad," Tesla India General Manager Sharad Agarwal said at the launch. Stating that the company will be closer to its customers, he said, "Service for us is more of peace of mind to our customers because you don't need to come to the Tesla service centre to fix your car." Charging is a very important part of the ecosystem that we are building here in India, he said and added the company had already enabled five supercharger

Flipkart expands circular push into fashion with denim take-back plan

'Swap on Jeans' rollout targets textile waste and expands to over 260 pin codes as Flipkart integrates recycling into the purchase journey through its recommerce platform

NCLAT reserves order on Vedanta's pleas of Adani's bid for JAL

The National Company Law Appellate Tribunal (NCLAT) on Wednesday reserved its order on Vedanta's two petitions against the selection of Adani Enterprises' bid to acquire debt-ridden Jaiprakash Associates Ltd (JAL) through an insolvency process. A two-member NCLAT bench comprising Chairperson Ashok Bhushan and Member Technical Barun Mitra concluded its hearing following arguments from Vedanta and respondents, including the Resolution Professional, Committee of Creditors (CoC) and Adani Enterprises. It asked both parties to submit written submissions within the next two days. Vedanta's counsel questioned the evaluation metrics adopted by JAL lenders, who selected the bid from Adani Enterprises offering Rs 14,535 crore and rejected Vedanta's higher bid of Rs 17,926 crore. On March 24, NCLAT declined any interim stay over the Vedanta Group's plea against the order passed by the NCLT on March 17, approving Adani Group's bid. However, it had said that the plan would be subject to the .

Havells India Q4 results: Profit rises 40% to ₹723 crore on strong demand

Havells is better off than its peers due to a diversified portfolio and greater reliance on segments such as wires, cables and switchgear, analysts said

Vikram Saha resigns as Deputy MD, board member of Can Fin Homes

Senior executive steps down following transfer by parent bank, exits board as whole-time director, company says in regulatory filing

Adani backs lenders, opposes Vedanta's late bid in Jaypee insolvency case

Adani Group supports lenders in Jaypee insolvency case, opposing Vedanta's revised bid filed after deadline, citing concerns over fairness and process integrity

Eli Lilly backs crackdown on fake Mounjaro in Gurugram, flags safety risks

Authorities in Gurugram have uncovered a racket involved in the manufacturing and sale of fake Mounjaro (tirzepatide) injections - used for treating diabetes and obesity - with the arrest of two people and issued a nationwide alert to trace counterfeit batches. Following the confiscation of counterfeit injections, pharmaceutical company Eli Lilly, the manufacturer of Mounjaro, reacted to the seizure. "We have been made aware of a recent development in relation to the seizure of suspicious and counterfeit products that allegedly carry our product brand name Mounjaro (Tirzepatide)...Lilly takes patient safety extremely seriously and welcomes regulatory authority's action against illicit medicines," Eli Lilly and Company (India) spokesperson said. Drug Control Officer Amandeep Chauhan on Monday said investigators are probing the network behind the illegal operation and tracking all those linked to the racket. A Health Department team raided a residential society in Sector 62, Gurugram

SML Mahindra Q4FY26 PAT rises 2.4% to ₹54 crore, top line surges 16%

Despite modest profit growth, SML Mahindra reports strong revenue gains and outlines plans to expand market share and enter electric bus segment

Bank of Maharashtra Q4 FY26 results: Profit jumps 35% to ₹2,014 crore

State-owned Bank of Maharashtra on Monday reported a 35 per cent rise in net profit to Rs 2,014 crore in the January-March quarter of 2025-26. The Pune-headquartered bank had earned a net profit of Rs 1,493 crore in the year-ago period. During the quarter, the bank's total income increased to Rs 8,693 crore against Rs 7,711 crore a year ago, the bank said in a regulatory filing. Interest income grew to Rs 7,755 crore during the period under review, from Rs 6,731 crore in the corresponding quarter a year ago. On the asset quality side, gross Non-Performing Assets (GNPAs) declined to 1.45 per cent of gross advances as of March 2026 from 1.74 per cent by the end of March 2025. Net NPAs also came down to 0.13 per cent of the advances from 0.18 per cent at the end of 2025. Return on Assets (ROA) improved to 1.86 per cent for the year ended March 2026 against 1.75 per cent at the end of pthe revious fiscal. However, the capital adequacy ratio of the bank declined to 18.36 per cent as

Apple withholds data in India antitrust case, watchdog sets final hearing

The CCI typically requires financial information from companies to calculate penalties when they are found to have contravened the law

Groww Q4FY26 results: Net profit doubles to ₹686 crore as revenue surges

Billionbrains Garage Ventures, the parent company of stock broking firm Groww, on Monday reported an over two-fold growth in profit after tax to Rs 686 crore for the three months ended March 2026. The company had posted a PAT of Rs 309 crore in the same quarter preceding fiscal. Its total income surged 81 per cent year-on-year to Rs 1,536 crore in the quarter under review from Rs 850 crore in the January-March quarter of 2025, Bengaluru-headquartered Groww said in a stock exchange filing. The firm's total transacting users stood at 2.16 crore at the end of the March quarter, marking a 25 per cent year-on-year (YoY) growth. Its active user base stood at 1.67 crore. Further, its total customer assets accelerated 36 per cent year-on-year to Rs 3 lakh crore. "Operating leverage played out across all the cost buckets, leading to PAT margin expanding by 8.3 per cent YoY ...and an absolute PAT margin of 44.7 per cent in Q4. As the revenue increases faster than the costs, which are largel

Rachana Bahadur nammed advisor to DP World Professional Golf Tour of India

The DP World Professional Golf Tour of India on Saturday announced the appointment of Rachana Bahadur, senior vice president and country head India at Synchrony Financial, as an advisor to the organisation. Bahadur brings over three decades of experience across banking, operations and risk management. She is currently serving as Senior Vice President and Country Head for Synchrony India. "I am honoured to join the DP World Professional Golf Tour of India as an Advisor," Bahadur said in a release. "The DP World PGTI has played a pivotal role in developing and promoting professional golf in India, and I deeply admire its commitment to nurturing talent and creating opportunities for players. I look forward to contributing to its mission of elevating Indian golf on the global stage." She held senior leadership roles at Goldman Sachs, JPMorgan Chase and Morgan Stanley, and has over 18 years of global experience spanning the US, Asia and Europe. Kapil Dev, president, Professional Golf

Lenskart publishes store style guide after row over religious expression

Company releases guidelines outlining inclusion of faith symbols following employee allegations and social media posts

Yes Bank Q4 results: PAT up 44.7% to ₹1,068 crore on income, asset quality

Private sector lender reports strong Q4 with 44.7 per cent rise in profit, aided by lower provisions, steady income growth and improving asset quality metrics

HDFC Bank Q4FY26 results: Profit up 9% to Rs 19,221 cr on lower provisions

India's largest private lender posts 9 per cent rise in Q4FY26 net profit, supported by lower provisions, while net interest income growth remains muted and margins stay stable