Page 22 - Company News

Akasa Air will consider flights to Kenya, Egypt, other countries: CEO

Akasa Air will consider operating flights to Kenya, Ethiopia, Egypt and some other countries, and the three-year-old airline now feels "very good" about the delivery schedule for its Boeing planes, according to its CEO Vinay Dube. Stressing that Akasa Air's international expansion will continue on the right path, Dube, also the founder, said the airline will shortly announce flights to Sharjah. The airline has a fleet of 30 Boeing 737 MAX planes and expects to add "more than one aircraft" this year. "Our aircraft are capable of hitting the shores of East Africa, absolutely it can go to Mauritius and on the southern side, it can go to Kenya, Ethiopia, Egypt... We can (also) go into Kazakhstan, Uzbekistan... Boeing 737 MAX is also capable of going deep into South Asia..., All will be considered," Dube told PTI in an interview. Currently, the carrier flies to six international cities -- Doha (Qatar), Jeddah, Riyadh (Saudi Arabia), Abu Dhabi (UAE), Kuwait City (Kuwait) and Phuket ...

NTPC begins drilling India's first CO2 storage well at Pakri Barwadih

NTPC Ltd on Saturday said it has started drilling for the country's first-ever CO2 injection borewell at its Pakri Barwadih coal mine in Jharkhand. This move, led by the company's R&D arm, NETRA (NTPC Energy Technology Research Alliance), is a decisive step towards fulfilling India's Carbon Capture, Utilization and Storage (CCUS) roadmap and its net-zero commitment by 2070, NTPC said in a statement. "NTPC has marked an important milestone in the nation's clean energy transition by commencing drilling for the country's first-ever CO2 Injection Borewell at its Pakri Barwadih Coal Mine, Jharkhand," it said. The CO2 borewell is being drilled to an approximate depth of 1,200 metres. Its primary purpose is to secure crucial geological and reservoir data required for establishing a safe and effective CO2 storage process. This includes extensive core, methane, and water sampling, alongside seismic monitoring and detailed simulation studies to assess the rock formations' ability to ...

JK Cement Q2 results: Profit rises 17% to ₹159 crore, revenue up 17.9%

JK Cement Ltd on Saturday reported an increase of 17 per cent in consolidated net profit to Rs 159.25 crore for the September quarter. The company had posted a profit of Rs 136.15 crore in the July-September period a year ago, according to a regulatory filing from JK Cement Ltd (JKCL). Its revenue from operations was up 17.9 per cent at Rs 3,019.20 crore in the September quarter. It was at Rs 2,560.12 crore in the corresponding period a year ago. JKCL's total expenses were at Rs 2,827.36 crore, up 11 per cent in the September quarter. The total income of JKCL, which includes other income, was at Rs 3,070.08 crore, up 18.17 per cent in the September quarter. JKCL has a grey cement capacity of 26.26 MTPA.

Mahindra names its new 7-seater electric SUV XEV 9s ahead of launch

Mahindra Group on Saturday named its seven-seater electric SUV as XEV 9S. Built on Mahindra's advanced purpose-built INGLO platform, the latest electric SUV from the home-grown automobile major is set for world premier at the 'Scream Electric' event in Bengaluru on November 27, which also will mark one year of Mahindra's all-electric journey and its growing INGLO portfolio, the company said. "Mahindra has officially unveiled the name of its next all-electric SUV-XEV 9S designed to bring together power, presence, and pure electric performance, the XEV 9S marks a new chapter in Mahindra's all-electric evolution," it said in a statement.

Coal India output dips 9.8% in Oct, offtake declines 5.9% amid weak demand

Coal India Ltd has reported a 9.8 per cent year-on-year decline in production to 56.4 million tonnes in October, marking a continued slump in operational performance, amid subdued demand and post-monsoon challenges. Coal offtake during the month also fell 5.9 per cent to 58.3 MT, according to provisional data released by the company on Saturday. During April-October 2025, the coal major's cumulative production stood at 385.3 MT, down 4.5 per cent from the year-ago period, while total offtake fell 2.4 per cent to 415.3 MT. Meanwhile, Coal India has appointed Sanoj Kumar Jha as interim Chairman-cum-Managing Director with effect from November 1, following the superannuation of P M Prasad. The date also marks the company's foundation day.

Jeddah-Hyderabad IndiGo flight diverted to Mumbai after 'human bomb' threat

The Rajiv Gandhi International (RGIA) Airport here received a threat email on Saturday claiming that there was a "human bomb" onboard a flight (IndiGo) from Jeddah to Hyderabad, following which the aircraft was diverted to Mumbai where it landed safely, police said. The airport authorities lodged a complaint with police, saying they received the threat email at around 5.30 am which warned them to "prevent landing of IndiGo (flight) in Hyderabad". The email further stated "...onboard LTTE-ISI operatives have planned a major 1984 Madras Airport Modus operandi style blast", police said. All stakeholders were alerted and the flight was diverted to Mumbai airport where it safely landed, they said adding "all (security) checks were carried out and no issue was found". Based on the complaint a case was registered. Further investigation is on, police added. In a statement, an IndiGo spokesperson said, A security threat was received for IndiGo flight 6E 68 operating from Jeddah to Hyderaba

Nissan Motor India October sales touch 9,675 units on festive demand

Nissan Motor India Pvt Ltd on Saturday reported consolidated sales of 9,675 units in October 2025. Domestic wholesale sales stood at 2,402 units, supported by robust demand for the New Nissan Magnite, while exports reached 7,273 units, Nissan Motor India Pvt Ltd (NMIPL) said in a statement. "October has been a good month for the automotive industry as well as Nissan Motor India, driven by festive cheer supported by the GST rationalisation announced by the government of India," NMIPL Managing Director Saurabh Vatsa said. The company has consistently focused on month-on-month reduction in dealer inventory leading into the festive season, reflecting improved retail momentum and supply alignment, he added.

Maruti Suzuki Oct sales up 7% to 2,20,894 units on strong domestic demand

Car market leader Maruti Suzuki India Ltd on Saturday reported a 7 per cent growth in total sales at 2,20,894 units as compared to 2,06,434 units in the same month last year. Total domestic sales, including commercial vehicles, stood at an all-time high of 1,80,675 units as against 1,63,130 units in the same month last year, up 10.75 per cent, the company said in a regulatory filing. Domestic passenger vehicle sales were at 1,76,318 units as against 1,59,591 units in October 2024, up 10.48 per cent, it added. Sales to other OEM (Toyota Kirloskar) were at 8,915 units and exports were at 31,304 units, Maruti Suzuki India said. The company said sales of mini cars comprising Alto and S-Presso models were down at 9,067 units from 10,687 units in the same month last year. On the other hand, sales of compact cars Baleno, Celerio, Dzire, Ignis, Swift, WagonR increased to 76,143 units from 65,948 units in October 2024. Sales of utility vehicles, comprising Brezza, Ertiga, Fronx, Grand Vit

DLF eyes luxury launches, to begin rental income from malls in near term

Real estate giant DLF plans new luxury project launches across Goa, Mumbai and Gurugram, while expecting rental income from its upcoming malls Midtown Plaza, Summit Plaza and DLF Promenade soon

Titagarh Rail bags ₹2,481 crore order from MMRDA for Mumbai Metro Line 5

Titagarh Rail Systems Ltd (TRSL) on Friday said it has secured a Rs 2,481-crore contract from the Mumbai Metropolitan Region Development Authority (MMRDA) for the design, manufacture, supply and commissioning of 132 metro coaches and associated systems for Mumbai Metro Line 5. The contract also includes signalling for 24.9-km of track, telecommunication systems across 16 stations, platform screen doors, depot machinery and five years of comprehensive maintenance, a statement said. The project covers both Phase 1 (Kapur Bawdi-Kasheli-Dhamankar Naka) and Phase 2 (Dhamankar Naka-Bhiwandi-Kalyan APMC) of the Line 5 corridor. This is Titagarh Rail Systems' second major order for Mumbai Metro, following its earlier mandate for Line 6, it said. This milestone demonstrates Titagarh's growing expertise in delivering end-to-end metro solutions, said Vice Chairman and MD Umesh Chowdhary. Manufacturing will take place at TRSL's advanced Passenger Rail Systems facility in Uttarpara near Kolkat

Amazon cloud growth boosts investor confidence amid AI spending boom

In the third quarter, Amazon Web Services generated $33 billion in revenue, a 20 per cent increase from a year earlier

Hindustan Unilever gets ₹1,987 cr tax notice for FY21 from authorities

The company, home to brands such as Dove soap and Surf Excel detergent, said the order will have no material impact on its financials or operations and will appeal against the tax demand

BPCL Q2 results: Net profit jumps 169% to ₹6,443 cr, revenue rises 3%

Bharat Petroleum Corporation Ltd (BPCL) on Friday reported a 169 per cent jump in its September quarter net profit on the back of a surge in refining margins. Its standalone net profit of Rs 6,442.53 crore in July-September - the second quarter of 2025-26 fiscal year - was 169 per cent higher than Rs 2,397.93 crore earned in the same period last year, according to a stock exchange filing by the company. The company earned USD 10.78 on turning every barrel of crude oil into fuels like petrol and diesel, compared to a gross refining margin of USD 4.41 per barrel in July-September 2024. The revenue from operations was up 3 per cent at Rs 1.21 lakh crore. On operational performance, BPCL said its refineries achieved a throughput of 9.82 million tonnes with a capacity utilisation of 111 per cent in Q2 against 10.28 million tonnes processed in the same period a year back. BPCL registered quarterly domestic sales of 12.67 million tonnes, a growth of 2.26 per cent over 12.39 million tonne

Adani Energy Solutions plans ₹18,000 crore capex for FY26, says CEO

Adani Energy Solutions (AESL) has planned up to Rs 18,000 crore capital expenditure, including Rs 6,000 crore already spent on various projects, in the current fiscal year, a senior official said during an earnings call. Replying to a question of capital expenditure on a consolidated basis, AESL CEO Kandarp Patel said, "For the full year, we will do about Rs 11,400 crore in transmission, Rs 1,600 crore in distribution and Rs 4,000 crore in smart metering. So, in smart metering, we'll add about Rs 2,000 crore. In distribution, we'll add about Rs 1,100 crore in the second quarter. And in transmission, we'll add about Rs 8,000 crore in the second quarter." He said the total capex will be of the order of Rs 17,000-18,000 crore and Rs 6,000 crore has been spent so far. Of the Rs 6,000 crore already spent, Rs 3,350 crore was on transmission, about Rs 700 crore in distribution and about Rs 2,000 crore in smart metering. Patel said the company will have a capex of about Rs 10,000 crore for

LT Foods Q2 results: Profit up 9% to ₹163.85 crore, revenue jumps 30%

FMCG firm LT Foods has reported a consolidated net profit of Rs 163.85 crore in the second quarter ended September, up nearly 9 per cent on a year-on-year basis, driven by higher revenue. The company had reported a net profit of Rs 150.61 crore in the corresponding quarter a year ago, a regulatory filing on Thursday showed. During the quarter under review, LT Foods' total income rose to Rs 2,772.48 crore, from Rs 2,134.04 crore in the previous financial year. Its total expenses, however, also increased to Rs 2,544.19 crore, from Rs 1,942.92 crore, the filing showed. Ashwani Arora, Managing Director & CEO, LT Foods, said, "As we look ahead in FY26, our priority is to build a stronger, future-ready LT Foods -- one that deepens brand equity, accelerates market expansion, invests in digital transformation, and evolves through strategic partnerships. We remain steadfast in delivering products that embody trust, quality, and value for our consumers across the globe.

Bajaj Electricals Q2 results: Profit drops 24% on JV losses, higher taxes

Shares of the company reversed course to trade 0.6% lower after the results

Pidilite Industries Q2 profit up 8.2% to ₹584.6 crore; revenue rises 9.9%

Pidilite Industries on Thursday reported an 8.2 per cent rise in consolidated net profit to Rs 584.6 crore in the second quarter ended September 30. The company had posted a consolidated net profit of Rs 540.3 crore in the second quarter of the last fiscal, Pidilite Industries, manufacturer of adhesives, sealants and construction chemicals, according to a regulatory filing. Its consolidated revenue from operations in the second quarter stood at Rs 3,554.44 crore against Rs 3,234.91 crore in the year-ago period, it added. The total expenses in the quarter under review stood at Rs 2,816.94 crore compared to Rs 2,565.71 crore a year ago, the company said. Pidilite Industries Managing Director Sudhanshu Vats said the company delivered double-digit underlying volume growth with sequential improvement and healthy operating margins, even in a challenging macro-economic environment. "As we look ahead, we remain optimistic. The domestic operating environment is expected to improve, aided b

OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation

Chief Financial Officer Sarah Friar has told some associates the company is aiming for a 2027 listing, the people said. But some advisers predict it could come even sooner, around late 2026

Bandhan Bank Q2 net profit drops to ₹112 cr on lower operating income

Post tax profit of private lender Bandhan Bank has decreased to Rs 112 crore during the second quarter of the current financial as compared to Rs 937 crore in the similar previous period. Operating profit of the bank also decreased to Rs 1310 crore in the current second quarter, as against Rs 1855 crore in the similar previous quarter. MD&CEO of Bandhan Bank Partha Pratim Sengupta told reporters here that the second quarter results were transitional and the lender's profitability will improve in the coming months. "The repo rate cut has had an impact on the profitability of the bank. There has been a repricing of deposits of the bank. The focus of the bank is on CASA (current account, savings account) growth. The results of the second quarter are below internal expectations," Sengupta said. He said that the growth of the microfinance portfolio remained subdued during the second quarter. "For the bank, share of secured advances continued to rise. There has been decline in bulk ...

BSNL Q2 revenue at Rs 5,347 cr; achieves 93 pc of quarterly target: Scindia

State-owned telecom firm BSNL has achieved 93 per cent of its target revenue for the September quarter of FY26, reaching Rs 5,347 crore, Union Telecom Minister Jyotiraditya Scindia said on Thursday. The minister has asked BSNL to follow stricter parameters to monitor the quality of services on a daily basis, instead of weeks and months, and tighter deadlines of hours and days to complete pending projects. After the quarterly review of BSNL, the minister said the company's revenue for the first half of the current fiscal stood at Rs 11,134 crore. "This quarter, we have achieved a 93 per cent revenue run rate vis-a-vis our target. So, we had set a target of Rs 5,740 crore, and we've achieved Rs 5,347 crore. So, we are very close to a rather bold target that we had set for ourselves based on last year's jump in earnings," Scindia said. The minister said there is a target to increase BSNL's revenue by 20 per cent for the full fiscal year to Rs 27,500 crore. "Our ARPU has also increase