Page 20 - Company News

No imminent signs of structural slowdown in IPO activity: Subhakanta Bal

Strong IPO pipeline with billion-dollar issues may push 2026 fundraising past $20 billion, driven by robust domestic liquidity and rising MNC interest in India listings

Athiva won't be force-fitted, as Chalet Hotels studies soft branding

Plans soft-brand rollout alongside Athiva expansion, with ₹2,500 crore capex to add over 1,000 keys and scale big-box hotels in metros and leisure destinations through debt and internal accruals

TCS, AMD expand AI partnership with Helios data centre push in India

The collaboration includes a blueprint for AI-ready data centres capable of scaling up to 200 megawatts of capacity

Anthropic's India revenue up 2x in last 6 months, says Irina Ghose

Anthropic's India revenue run rate has doubled in six months, with the country emerging as Claude.ai's second-largest user base, driven by strong adoption in coding, maths and enterprise AI tasks

Ola Electric hit by volume slump, market share loss as Q3 revenue plunges

Ola Electric's Q3FY26 revenue fell 55% amid a steep drop in scooter volumes, triggering a 7% slide in its stock as brokerages flagged prolonged turnaround risks and ongoing market share erosion

Britannia Industries adopts 'startup mentality' to counter regional rivals

Bakery company Britannia Industries will invest to fight the "regional competition" against small players and in e-commerce to become stronger in product categories like biscuits, rusk, cake, croissants and wafers. As part of its strategy, Britannia will have a "startup mentality" to compete with small players having influence in small pockets, said Managing Director & Chief Executive Officer Rakshit Hargave. "We are going to be fighting regional competition, we are going to be investing in e-commerce, yes, that will require more funds. We are committed to invest that. We believe that the opportunity for us to drive topline better is definitely there," said Hargave in an investors' call. He stressed that driving topline growth was critical to expanding Britannia's consumer base across its portfolio of brands, and the company would take a "pragmatic view" of balancing ambition with resources. Britannia, which owns popular brands such as Good Day, Tiger, NutriChoice and MarieGold, .

RCPL to form majority-owned JV with TGI Group to explore African markets

Reliance Consumer Products, the FMCG arm of Reliance Industries, on Monday said it has signed a definitive agreement to form a majority-owned joint venture with Nigerian conglomerate Tropical General Investments Group. This partnership will significantly expand RCPL's global footprint by establishing its presence in Nigeria, one of Africa's largest consumer markets, said a joint statement. Through this partnership, which is subject to customary legal and regulatory clearances, Reliance Consumer Products Ltd (RCPL) will introduce its FMCG products to consumers in Nigeria, leveraging TGI's FMCG manufacturing and distribution experience and network, it added. "The partnership between RCPL and Tropical General Investments (TGI) Group aims to strengthen RCPL's market presence on the global stage," it said. RCPL Director T Krishnakumar said: "TGI Group is a diversified and trusted partner, and their deep expertise and decades-long presence in sectors such as FMCG, culinary, and agribusin

Trent sharpens focus on tier-3, tier-4 cities for store expansion

Tata Group retail firm Trent is eyeing further expansion into tier 3 and tier 4 cities amid a macro market which is expected to be far more attractive in the coming years, a top company executive said on Monday. He also said that urban demand seems to be coming back gradually post GST 2.0 reforms but ruled out small-ticket discretionary getting benefit in the long-term due to the changeover. "We are opening a lot more in tier-3, tier-4 cities now, as opposed to what we used to do in the past. What we are seeing is, very clearly, the young customer in those markets is super clued onto what trends are playing out," Trent Managing Director P Venkatesalu told reporters at the sidelines of the Retail Leadership Summit 2026 here. He said that customers in these smaller cities and towns don't have the same level of maturity as the metro markets at present but it may change over a period of next 2-3 years. "We do bet in a very significant way that the customer will be more interesting," he

Coal India doubles solar capex to ₹961 crore, surpassing FY26 targets

Coal India has more than doubled its solar capex to ₹961 crore this fiscal, exceeding full-year goals as it advances its 3,000 MW renewable capacity plan and scales up participation in solar auctions

In-Solutions Global gets RBI's nod for domestic & cross-border PA

In-Solutions Global Ltd (ISG) on Monday announced that it has received regulatory authorisation from the Reserve Bank of India (RBI) across all three Payment Aggregator categories - online, physical or offline and cross-border. The approval was granted under the latest RBI Master Directions for 2025-26. With these approvals, ISG joins a select group of non-bank ecosystem players enabled to support merchant payments across domestic and international channels through a unified and fully compliant framework, the company said in a statement. Together, the three licences allow ISG to offer enterprises, banks, marketplaces and digital platforms a single payment aggregation stack capable of managing online transactions, in-person payments and cross-border import-export flows within a unified onboarding and settlement environment. Adelia Castelino, Co-founder and Managing Director, ISG said, "As India's digital commerce and cross-border trade accelerate, merchants and financial institution

Reliance Retail to pilot search-discovery platform in multi-channel push

Reliance's online grocery delivery ‌service JioMart expanded to compete in the 10-minute delivery segment in 2025

Denta Water and Infra Solutions order book crosses ₹841 crore in December

Denta Water and Infra Solutions on Monday said that it has secured orders worth Rs 377.31 crore during the April-December period this fiscal year, taking its total order book to Rs 841.48 crore. The company has also secured two projects in the capacity of a subcontractor and holds an L1 (lowest bidder) position in two projects, subject to final approvals, Denta Water and Infra Solutions said. According to a company statement, Denta Water and Infra Solutions has a healthy order book of around Rs 841.48 crore as on December 31, 2025, providing revenue visibility in the coming quarters across irrigation, urban water supply and wastewater management projects. For the nine months of FY26, the company secured fresh orders worth Rs 377.31 crore, including Rs 161.12 crore in the October-December quarter. Chairman C Mruthyunjaya Swamy said, "We continue to see healthy traction across irrigation, drinking water and wastewater management projects, supported by a robust order book and expandin

magicpin eyes 20M active users in 2026, food delivery to drive growth: CEO

magicpin aims to grow its active user base to 20 million in 2026 with food delivery as a key growth driver, the hyperlocal platform's CEO and Founder Anshoo Sharma said on Sunday. The company crossed 15 million active users last year across various categories including e-commerce, ticketing and food delivery, is focusing on the value conscious segment for further expansion of its food delivery vertical, Sharma told PTI in an interview. "Our focus is on building value-conscious food delivery users who order frequently and engage habitually. We aim to grow our active user base to 20 million in 2026 with food delivery as a key growth driver, particularly among students and first-time job seekers," Sharma said. A majority of the active 15 million users on the platform belong to the value-conscious segment in India's major cities in the age group of 18-35 years. Food delivery continues to be the primary growth driver, supported by higher repeat users and increasing cross-category ...

Zuari Industries Q3FY26 results: Net loss at ₹26.42 cr; revenue up 10%

Zuari Industries has reported a net consolidated loss of Rs 26.42 crore for the third quarter of the 2025-26 fiscal, driven by higher expenses. The company had posted a net loss of Rs 25.23 crore in the same quarter of the previous year, according to a regulatory filing on Friday. Its total income rose to Rs 301.4.8 crore during the October-December quarter of the 2025-26 fiscal from Rs 274 crore in the year-ago period. Expenses remained higher at Rs 334.24 crore against Rs 312.75 crore a year ago. "The third quarter reflects steady operational progress across our Sugar, Power and Ethanol division, supported by strong on-ground execution during the crushing season," its Managing Director Athar Shahab said.

GRSE commences production of two coastal research vessels for GSI

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd on Saturday commenced the construction of two coastal research vessels (CRV) for the Geological Survey of India (GSI), an official statement said. The ceremonial steel cutting, marking the commencement of the construction of the ship, was held in the presence of GSI Director General Asit Saha and senior officials from GRSE and the Indian Armed Forces. The research vessels, each having a length of 64 metres and a width of 13 metres, will have capabilities to carry out offshore geological mapping, mineral exploration (including dredging), ocean environment monitoring and research, the statement said. "They will have modern, well-equipped scientific laboratories on board for data processing and sample analysis," it said, adding that these ships will operate within the exclusive economic zone (EEZ) of India. The defence shipyard, which also builds research and survey platforms, is currently building an ocean research vessel

Newspace India Limited signs deal to resell GalaxEye satellite products

NewSpace India Limited (NSIL), the commercial arm of the Department of Space, will resell the products of Bengaluru-based private space technology company GalaxEye under an agreement signed by the two entities, officials said on Saturday. The products include advanced satellite imagery solutions, such as SyncFused OptoSAR data products, which are designed to deliver insights across critical sectors, including agriculture, disaster management, and natural resource management. "Collaborating with NSIL allows us to bring advanced Earth observation capabilities to a wider set of users while contributing to India's strategic and developmental priorities," Suyash Singh, co-founder and CEO of GalaxEye Space. According to officials, the agreement made GalaxEye the first private Indian satellite operator to formally collaborate with NSIL under a data reseller partnership agreement. "Beyond commercial impact, the reseller agreement is a milestone in India's space policy, where government bod

Southern Petrochemicals Q3 result: PAT rises to ₹54 cr, revenue falls 5.5%

Southern Petrochemicals Industries Corporation Ltd has reported a consolidated net profit after tax of Rs 54.07 crore for the October-December 2025 quarter, the company said on Saturday. The city-based agri-nutrient and fertiliser company had earned a net profit of Rs 38.50 crore during the corresponding quarter of the last financial year. Net profits after tax for the nine month period ending December 31, 2025, surged to Rs 182.01 crore, from Rs 136.22 crore registered in the year ago period, a company statement here said. The total income from operations for the quarter under review fell to Rs 778.39 crore, from Rs 823.23 crore registered in the year ago period. For the nine month period ending December 31, 2025, the total income went up to Rs 2,419.36 crore, from Rs 2,340.82 crore registered in the year ago period. In an update, the company said a sum of Rs 20.10 crore included in the other income for the nine month ended December 31, 2025, pertains to claim on loss of profits

Mahindra LMM bets on e-autos as Udo launch targets next EV growth phase

LMM expects the electrification rate among three-wheelers to rise to 55-60 per cent by 2030 from 35 per cent at present

PFC, REC say merger transition smooth; merged firm to have 20% exposure cap

Power financiers say post-merger single-entity exposure limit will be 20%, expect adequate headroom for borrowings and smooth transition

ONGC's Q3 FY26 results: Net profit increases 22% to ₹11,946 crore

ONGC's board of directors declared second interim dividend of ₹6.25 per equity. The total payout would be ₹7,863 crore for the dividend