Page 27 - Company News

Adani, Embraer sign MoU to establish aircraft making facility

This would be the first commercial aircraft final assembly line (FAL) to be established in India

TCS to invest ₹330 cr in new Brazil unit to deepen Latin America presence

The new campus will create over 1,600 new jobs and will serve as a strategic hub supporting clients across industries in Brazil and Latin America

Hindalco Industries unveils ₹21,000 crore smelter expansion plan

Move part of firm's ₹37K cr investment pipeline in Odisha

Tata Consumer Q3 results: Net profit jumps 36% to ₹384.52 crore

Tata Consumer Products Ltd (TCPL) on Tuesday reported a 36.4 per cent increase in consolidated net profit to Rs 384.52 crore in the quarter ended December 31, 2025, led by volume growth from its India business. The company had posted a consolidated net profit of Rs 281.92 crore in the October-December quarter a year ago, according to a regulatory filing from TCPL, the Tata group FMCG arm. Its revenue from operations rose by 15.04 per cent to Rs 5,112 crore in the December quarter of FY'26. It was at Rs 4,443.56 crore in the year-ago period. Total expenses of TCPL in the December quarter were at Rs 4,582.24 crore, up 12.11 per cent. Tata Consumer's total income, including other income, stood at Rs 5,145.01 crore, up 14.45 per cent. In the December quarter, TCPL's overall branded business was up 14.32 per cent to Rs 4,602.79 crore. It was at Rs 4,026.15 crore in the corresponding quarter of the previous fiscal. TCPL's branded businesses include tea, coffee, water, and other value-a

Qcom platform Blinkit introduces Bharat Yatra national common mobility card

Blinkit now delivers the Rs 50, zero-KYC Bharat Yatra NCMC card across major cities, making metro and bus travel easier with a single RuPay-powered mobility card

HC protects Delhivery against misuse of trademarks, fake franchise scam

Delhivery moved the court after it was alleged that several individuals were acting in concert to falsely project themselves as its representatives

Cropin unveils AI agriculture platform to rewire global food supply chains

New ecosystem with Google, BCG, Wipro and others aims to reduce climate, data and procurement risks in agriculture

SaaS major Zoho launches ERP platform to tap SME market in India

SaaS firm Zoho has unveiled new ERP platform for small and mid-sized enterprises, aiming to tackle high costs, long rollouts and consultant dependence that have slowed adoption among Indian businesses

Higher volumes, lower costs positive for UltraTech Cement stock

Market leader UltraTech Cement's Q3FY26 results beat consensus. Consolidated operating profit grew 35 per cent Y-o-Y to Rs 3,920 crore

With GenAI, billing models more outcome-based: TP India head Maneesh Daga

Teleperformance India says AI is driving a shift from low-end bpo work to outcome-based, higher-value services, reshaping billing models, productivity and hiring strategies

Waaree Renewable to buy 55% in Associated Power Structures for ₹1,225 crore

In September last year, Waaree Energies, the holding company of WRTL, acquired a 64 per cent stake in transformer company Kotsons through a primary capital infusion of Rs 192 crore

HPCL bets big on renewables and biofuels to meet 2040 net-zero target

HPCL's capex spending includes 15% for gas projects, 8% for renewables, 4 per cent for biofuels, 3% for electric vehicle (EV) or alternate fuels and 6% for net zero projects

Pine Labs partners with UAE-based Wio Bank for tech infrastructure

Apart from the UAE, Pine Labs currently offers Credit+ in India, Sri Lanka, the Middle East, Africa and Southeast Asia

Global firms take 58% share of office leasing in 7 Indian cities: Report

Global companies remained major demand driver for office space in India during 2025 as they leased nearly 60 per cent of ofifce spaces in India's seven major cities to expand their businesses, according to JLL India. According to data by real estate consultant JLL India, the gross leasing of office spaces rose by 8 per cent to record 83.3 million square feet last year across seven major cities from 77.2 million square feet in the preceding year. These seven cities are Mumbai, Bengaluru, Delhi-NCR, Pune, Hyderabad, Chennai and Kolkata. Out of the total leasing, the global firms took on lease 48.6 million square feet office last year, contributing 58 per cent to the total office demand. Availability of skilled English speaking talent and supply of premium office space at a very affordable rentals are the major factors that attract global firms to invest in India. Global firms took 31.4 million square feet area for setting up of Global Capability Centres (GCCs). Domestic firms absor

ECL urges staff to boost coal output to meet annual production targets

Coal India subsidiary Eastern Coalfields Limited (ECL) has urged its employees to enhance production in the final quarter of the current fiscal to bridge the gap between targets and achievements, citing shortfalls in cumulative output till December. In a message to employees ahead of the 77th Republic Day, ECL CMD Satish Jha said cumulative coal production up to December 2025 stood at 33.482 million tonnes, below the proportionate target of 38.752 million tonnes, underscoring the need for accelerated production in the remaining months of the fiscal. The Coal India arm, however, said it remained on a strong operational footing, supported by robust overburden removal of 133.013 million cubic metres during the period, which it described as a key area of strength enabling higher coal output. Cumulative coal offtake during the April-December period stood at 33.666 million tonnes, helping ensure continuity of supplies and revenue flow. Calling for concerted efforts from employees, office

Embassy Developments pre-sales to jump 2.5-fold to ₹5,000 crore

Realty firm Embassy Developments Ltd's sales bookings will jump two-and-a-half times to Rs 5,000 crore this fiscal on strong housing demand, a top company official said. In an interview with PTI, Embassy Developments Ltd (EDL) Managing Director Aditya Virwani noted that the company's business activities have now gathered pace after the takeover of Indiabulls Real Estate (IBREL). "We have sold properties worth about Rs 2,000 crore in the first nine months of this fiscal," he said. Virwani expressed confidence that the company would be able to sell housing properties worth Rs 3,000 crore during the current quarter with the help of new launches of residential properties in Mumbai Metropolitan Region (MMR) as well as sustenance sales in the existing projects. Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24. Virwani said the company is now completely focusing on completing a few legacy housing projects and also launching new ...

LogiMAT India to boost 15% of Indo-german logistics, investment growth

Platforms like LogiMAT India 2026 can catalyse over 15 per cent or USD 7.5 billion of bilateral logistics and investment growth between India and Germany over the next three years, said German Engineering Federation (VDMA) India Chief. Bilateral trade between India and Germany has crossed the USD 50 billion milestone in 2024-25, underscoring the countries' deepening partnership in logistics, technology, and investment, a statement said. According to the statement, as India and Germany recalibrate their economic and trade engagement, the world's biggest logistics show in India, LogiMAT India 2026, will bring together 43 German companies and leading innovators from across the logistics and supply chain spectrum. "Germany is India's largest trading partner in the European Union, and our logistics and technology partnership is entering a new era. Platforms like LogiMAT India can catalyse over 15 per cent (USD 7.5 billion) of bilateral logistics and investment growth in the next three ..

Adani Group, Embraer to set up commercial aircraft assembly line in India

Adani Group and Brazilian aerospace major Embraer are set to announce next week the plan to set up a final assembly line for civilian aircraft in India, a significant push for the efforts to make planes in the country. India is one of the world's fastest growing civil aviation markets and air traffic demand is rising, with airlines expanding their fleets and new airports coming up. A Memorandum of Understanding (MoU) wil be inked by executives of Adani Defence and Aerospace, and Embraer in the presence of Civil Aviation Minister K Rammohan Naidu on January 27 in the national capital. The plan is for setting up the Final Assembly Line (FAL) for making Embraer jets in the country, according to sources. Embraer makes commercial jets with up to 150 seats. With the FAL, Adani Group, which already has good presence in the fast-growing Indian aviation space, will be making its foray into building aircraft in India. One of the sources said that in due course after the operationalisation

Chennai Petroleum Corp reports ₹1,002 cr Q3 profit on strong margins

Chennai Petroleum Corporation Ltd reported a consolidated profit of Rs 1,001.59 crore for the October-December 2025 quarter, driven by sustained operational excellence, the company said. The city-headquartered company had posted a net profit of Rs 20.78 crore in the corresponding quarter of the previous financial year. For the nine-month period ending December 31, 2025, CPCL's net profit grew to Rs 1,680.85 crore, compared with a net loss of Rs 255.83 crore in the year-ago period, the group company of IndianOil Corporation Ltd said in a press release. CPCL achieved a crude throughput of 2.79 million metric tonne during the October-December quarter, up from 2.55 million metric tonne in the same period last year. "This translates to a capacity utilisation of 105 per cent, underscoring efficient plant operations and high reliability," the release said. The quarter's financial results reflected robust physical performance and improved refining margins, the company added. Consolidated

Nhai plans to reduce its debt to below ₹2 trillion by March 2026

State-owned NHAI is planning to reduce its debt to below Rs 2 lakh crore in the current financial year ending March, a senior government official said on Sunday. NHAI's debt liability had peaked at Rs 3.5 lakh crore in 2021-22. As of December 31, 2025, the debt stands at Rs 2,35,947 crore. "In line with the government policy, NHAI has not borrowed since 2023 and since then the debt liability was reduced by around 32 per cent," the official said on condition of anonymity. Further, to reduce its overall debt, he said NHAI has prepaid liabilities of Rs 86,000 crore of which Rs 50,000 crore was NSSF loan. "No specific target for the current year was fixed but the debt liability is planned to be brought down below Rs 2,00,000 crore," the official said. Retiring this debt ahead of schedule has resulted in a steep decrease of NHAI debt. Due to proactive negotiation with banks, NHAI was able to reduce its interest burden by refixing interest rates lower by about 80 basis points during t