Page 24 - Company News

Cognizant Q4 net profit rises 19%, to hire more freshers this year

US-listed IT major beats growth guidance for 2025 on strong deal wins, margin expansion and rising financial services demand

RCom fraud case: Supreme Court directs ED to constitute probe team

The Supreme Court asked the Enforcement Directorate to set up a senior-level SIT to take forward the probe into alleged large-scale bank fraud involving RCOM and Anil Ambani

Medanta Q3FY26 PAT falls 33.5% on labour laws, Noida hospital costs

Depreciation, finance costs from new Noida facility and one-time labour code impact weigh on December-quarter profit

Metropolis Q3FY26 results: Profit jumps 32%, revenue rises nearly 26%

India's second-largest pathology chain reported strong year-on-year profit growth in the December quarter, supported by higher test volumes, preventive care demand and specialised diagnostics

Trent Q3FY26 results: Net profit rises 3.1% on steady fashion growth

Fashion and lifestyle retailer Trent reported modest profit growth in the December quarter, even as revenues rose nearly 15 per cent and operating margins improved

Emami Q3FY26 results: Net profit rises 14.5% on volume, margin growth

FMCG firm reports strong volume-led growth and margin expansion in December quarter, declares second interim dividend

Scrapping of courier export cap brings cheer to logistics, ecom players

The scrapping of the Rs 10 lakh per-consignment cap on courier exports in the Union Budget 2026 is expected to ease bottlenecks for MSMEs and D2C startups and improve cross-border e-commerce economics

Most of our users have never seen a line of code in their life Mukund Jha

Emergent CEO Mukund Jha explains how Emergent went from zero to $50 million in seven months by letting business owners build their own software

Ex-SBI MD Vinay Tonse to succeed Prashant Kumar as Yes Bank MD & CEO

RBI has approved the appointment of former SBI managing director Vinay Tonse as Yes Bank's MD & CEO for three years, subject to shareholder approval

Consumption story of staples is making a comeback: AWL Agri executives

AWL Agri targets 7-8% edible oil volume growth, banks on capacity expansion and a demand recovery led by rural markets and staples consumption

Infosys to help US bank Citizens set up AI innovation hub in India

Infosys will work with US-based Citizens to launch an AI-first innovation hub in Bengaluru to drive AI-led transformation across banking operations and services

Adani Ports Q3 results: Profit grows 21% to ₹3,053 cr on higher revenue

Adani Ports' Q3 FY26 net profit rose to Rs 3,053 crore as revenue climbed 22% year-on-year, driven by higher cargo volumes across domestic and international ports

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