Page 2 - Company News

Nazara's net profit slides to ₹9.84 crore, revenue from ops declines 24%

Gaming firm Nazara Technologies reports sharp fall in Q3FY26 profit and revenue after real money gaming ban hit subsidiary operations

Gold financier Muthoot Finance raises $600 million via overseas bond issue

Gold financier Muthoot Finance raised $600 million through a senior secured bond issue under its $4 billion Global Medium Term Note programme

Indian agrochemical companies scale up via product deals with MNCs

As multinational companies grapple with regulatory uncertainty in India, domestic agrochemical firms are acquiring products and technologies, reshaping the crop protection landscape

Adani Defence, Italian firm to set up military chopper facility in India

Strategic partnership will help meet the Indian armed forces' requirements for advanced helicopters

NMDC Q3FY26 results: Net profit drops 8% to ₹1,747 crore as expenses rise

NMDC Ltd on Tuesday posted around 8 per cent fall year-on-year in consolidated net profit to Rs 1,747.01 crore in the December quarter, impacted by higher expenses. It had reported a net profit of Rs 1,896.66 crore in the October-December period of preceding 2024-25 financial year, the company said in an exchange filing. The company's total income, however, rose to Rs 7,983.38 crore from Rs 6,942.92 crore in the same quarter a year ago, posting a rise of about 15 per cent. NMDC saw expenses rising to Rs 5 608.54 crore from Rs 4 359.07 Q3FY25. The board also approved an interim dividend of Rs 2.50 per equity share of face value of Re 1 each for the financial year 2025-26. NMDC, under the Ministry of Steel, is India's largest iron ore producing entity.

Tesla India launches EMI scheme, ₹3 lakh exchange offer to spur sales

EV major Tesla India on Tuesday said it has launched various initiatives, including an EMI scheme, to lift weak sales in the country. To encourage customers switching from the petrol and diesel cars to electric, Tesla said it is offering Rs 3 lakh exchange incentive. Besides, customers can now purchase the Model Y at a monthly installment starting from Rs 49,000, with a down payment of just Rs 6 lakh significantly lowering the barrier to entry for premium electric vehicles, it added. Tesla India commenced deliveries of Model Y in September last year. As per the EV sales data shared by FADA, Tesla India has managed to sell 225 units last year. Overall electric passenger vehicle retail sales rose to 1,76,817 units last year, up 77 per cent as compared with 99,875 units in 2024 calendar year. By switching to Tesla Model Y the customers can achieve savings of up to Rs 20,000 per month through reduced fuel and maintenance costs, underscoring the long-term cost benefits and lower total

Century Plyboards to scale up US exports on improved tariff terms: MD

Century Plyboards India Ltd is set to aggressively expand its export footprint in the United States, riding on Indo-US trade developments and a favourable tariff environment, Managing Director Sanjay Agarwal said on Tuesday. The company, which has so far been exporting limited volumes of laminates, cubicles and exterior laminates to the US, has decided to significantly scale up its overseas push after remaining cautious in the past. "We have been exporting laminates, cubicles and exterior laminates to the US, though in limited volumes, and we had been going slow. However, within the last few hours, we have decided to give a huge push to exports to the US as well as related markets in North and South America," Agarwal said. He added that the change in tariff structure has improved viability for Indian exporters. "With this kind of tariff, now it's possible for us to go ahead and do a great job as far as exports to the US is concerned," Agarwal said. Agarwal said the broader business

Centre can pursue $3.8 bn arbitral award against Reliance Industries

Delhi HC allows govt to file appeal against single-judge Bench order

Govt likely to consider merger of state-run financiers PFC and REC

Following the announcement, shares of the two entities surged up to 6% on Sunday's special trading session

Ather Energy Q3 results: Net loss narrows to ₹85 crore, revenue rises

Electric two-wheeler maker Ather Energy on Monday reported narrowing of the net loss to Rs 85 crore for the third quarter ended December 31, 2025. The company reported a net loss of Rs 198 crore in the October-December quarter of the previous fiscal. Total income increased to Rs 996 crore for the third quarter as against Rs 650 crore in the year-ago period, Ather Energy said in a regulatory filing. The company said it recorded its highest-ever quarterly volumes of 67,851 units, delivering 50 per cent year-on-year growth, it added. Ather said its losses continued to shrink, with EBITDA loss down to Rs 29.9 crore, and the quarterly loss narrowing by 45 per cent as compared to Q2 FY26, underscoring steady progress toward profitable, sustainable growth.. This improvement was driven by structural levers built over the past year, now translating into strong operating leverage and positioning the business to navigate near-term margin volatility, it added.. "Q3 has been a strong quarter

Hyundai Motor India Q3FY26 net profit increases 6.3% to ₹1,234 crore

While the company's net profit increased 6.3 per cent on a year-on-year basis, it dropped by 21.5 per cent on a quarter-on-quarter basis

Godrej Properties sells homes worth ₹2K cr in Phase-I of Worli project

Planned across 2.63 acres, the project offers three-bedroom and four-bedroom residences with three apartments per floor

Nexus Select Trust's Q3FY26 net operating income rises 15% to ₹450 cr

The Mumbai-based real estate investment trust (Reit) reported a leased occupancy of 97 per cent across its assets for Q3 FY26

Apple hits record 28% value share as India's smartphone market goes premium

Tech giant Apple has recorded its highest-ever value share of 28 per cent in the Indian smartphone market, driven by a surging "premiumisation" trend where consumers are increasingly opting for high-end devices, according to a report by Counterpoint Research. The report highlighted a significant shift in the world's second-largest smartphone market, noting that while volume growth remains steady, the total market value is expanding at a much faster clip as Indian buyers trade up to more expensive models. According to Counterpoint's latest insights, Apple had a 23 per cent value share in India in 2024. The success of the iPhone 16 series, coupled with aggressive financing schemes and trade-in offers, has pushed the Cupertino-based company to its highest-ever value share in the country. "Apple led the market in 2025 in value terms with a 28 per cent share, as festival-led promotions and deeper channel expansion supported revenue growth. Apple's iPhone 16 ranked as the top-shipped mode

Budget 2026 boosts startups, MSMEs with ₹10,000 crore funds, credit push

FM Nirmala Sitharaman announced a ₹10,000 cr SME Growth Fund and additional credit and equity support for micro enterprises and startups to cushion them against global economic uncertainty

'India one of the fastest-growing large markets for Omnicom in the world'

Post its IPG acquisition, Omnicom is reshaping its India operations, betting on scale, talent continuity and AI as one of its fastest-growing global markets

Glenmark Q3 profit rises 15% on strong market performance; Revenue up 15%

Pharma major reports double-digit growth in Q3 as India and North America lead performance, though profit and revenue declined sequentially

Apple rebounds in China with biggest quarterly sales in four years

Apple's iPhone 17 fuels a $25.5bn quarter in greater China, marking a sharp rebound and record holiday sales for the tech giant

Nestle India sees strongest volume growth in 5 years; profit surges 45%

FMCG major reports 45.1% year-on-year jump in Q3 FY26 net profit, driven by volume-led sales growth, with confectionery and beverages leading performance

Bajaj Auto posts record Q3 revenue and profit as EVs fuel domestic growth

Two-wheeler maker records its highest-ever quarterly revenue and profit in Q3 FY26, aided by premium motorcycles, strong EV sales and a rebound in exports