Page 29 - Company News

Mahindra to invest ₹196 crore to expand Chennai-based R&D facility

Mahindra & Mahindra on Thursday said it will invest around Rs 196 crore to expand its Chennai-based research and development facility. The Mumbai-based auto major said it is committing the investment which is aimed at augmenting Mahindra Research Valley's (MRV) capabilities to support advanced vehicle design, product engineering and future technology developments. "This marks a significant step in its allegiance towards enhancing R&D and focusing on Make In India. The commitment of fresh investments at the facility will strengthen the company's engineering and testing capabilities in the region and it will reinforce Chennai's role as a strategic hub for research and innovation," the automaker said in a statement. The facility will be up and running within this calendar year, it added. The Advanced Research & Development Centre and new testing infrastructure are expected to provide enhanced capabilities for next-generation platforms across multiple vehicle segments, it ...

Rolls-Royce CEO calls on PM Modi, shares plans to be part of Viksit Bharat

Rolls-Royce CEO Tufan Erginbilgic on Wednesday met Prime Minister Narendra Modi and shared plans to scale up its activities in India to become a part of Viksit Bharat. "It was wonderful meeting Mr. Tufan Erginbilgic, CEO of Rolls-Royce, earlier today," Modi said in a post on X. "We welcome Rolls-Royce's enthusiasm towards scaling up its activities in India and partnering with our innovative and dynamic youth," the prime minister said. Modi was responding to a post by Rolls-Royce on Erginbilgic's meeting with Modi. "Our CEO Tufan Erginbilgic met Hon'ble PM Shri @narendramodi today to discuss how Rolls-Royce is scaling up to be a part of Viksit Bharat, including expanding its GCC to be the largest globally, co-creating complex manufacturing and building high-value engineering capabilities," the British manufacturing firm said in the post.

Bombay Dyeing Q3FY26 results show ₹9.85 crore loss, revenue down 22%

Bombay Dyeing & Manufacturing Co Ltd on Wednesday reported a consolidated loss of Rs 9.85 crore in the December quarter of FY26. The company posted a net profit of Rs 70.06 crore in the October-December quarter a year ago, according to a regulatory filing. Its revenue from operations declined 21.88 per cent to Rs 324.02 crore in the December quarter of FY26. It was at Rs 414.81 crore in the year-ago quarter. Total expenses of Bombay Dyeing were at Rs 362.43 in the December quarter, down 11.7 per cent year-on-year. Revenue from polyster was at Rs 305.93 crore as against Rs 395.99 crore, while the contribution from retail/textile business stood at Rs 14.83 crore. Total income, which includes other income, was down 22.7 per cent to Rs 350.62 crore. Shares of the Bombay Dyeing and Manufacturing Company Ltd on Wednesday settled at Rs 123.10 apiece on the BSE, down 1.24 per cent from the previous close.

LTIMindtree unveils new identity, to be renamed LTM Limited; board approves

Company unveils new brand identity as 'Business Creativity' partner; proposed name change to LTM Limited subject to shareholder and regulatory approvals

Growth focus likely to keep margins under pressure for Eicher Motors

Eicher Motors posts strong Q3FY26 growth led by Royal Enfield volumes, but sustaining margins may be challenging amid commodity inflation and capacity expansion

Jubilant FoodWorks' gains depend on growth uptick, margin expansion

Jubilant FoodWorks beats Q3FY26 expectations, but stock gains depend on sustained same-store sales growth and operating margin expansion

Brigade Group expands Kerala footprint with WTC, Brigade Square launch

Bengaluru-based Brigade Group unveils World Trade Center and Brigade Square in Thiruvananthapuram, boosting its commercial real estate footprint in Kerala

India a hyper-growth market, says Carrier executive Michael Gierges

Carrier calls India a hyper-growth market, plans manufacturing expansion and aims to position the country as a regional export hub for HVAC solutions

Aditya Birla Group hospitality arm to bring JOE & THE JUICE to India

Aditya Birla New Age Hospitality partners Danish cafe chain JOE & THE JUICE to launch and operate the brand in India, with the first store slated for 2026

Eyewear platform Lenskart Q3 profit surges 71 times to ₹131 crore

Eyewear retailer reports 37.4% YoY revenue growth to Rs 2,307.7 crore in Q3FY26, with margins expanding to 20% amid strong store additions and eye test growth

Bombay HC stays Rs 170 cr GST recovery against Gateway Terminals

The Bombay High Court has stayed recovery proceedings in a ₹170 crore GST dispute against Gateway Terminals over denial of input tax credit on licence fees paid to JNPT

Cross-border biz to drive up to 15% of Cashfree's FY26 topline: Co-founder

Fintech firm Cashfree Payments' co-founder Reeju Datta says cross-border segment is the fastest-growing, and operates on a higher margin than domestic transactions

Sterlite moves Madras High Court after TNPCB rejects green copper plan

Vedanta approaches the Madras High Court after TNPCB rejects its proposal to set up a Green Copper plant at the closed Sterlite unit in Thoothukudi

Govt's share sale in BHEL oversubscribed; institutions bid tops ₹5,650 cr

The government's stake sale in BHEL was over-subscribed two times on the first day on Wednesday, with institutional investors placing bids worth over Rs 5,650 crore. Institutional investors put in bids for over 22.07 crore shares at an indicative price of Rs 256.07 a share, as against over 9.40 crore shares on offer. The base issue size was over-subscribed 2 times, with bids worth Rs 5,650 crore coming in. The government is disinvesting 3 per cent equity in BHEL with an additional 2 per cent as a green-shoe option at a floor price of Rs 254 in the two-day offer for sale. Retail investors will be able to place a price bid on Thursday. The base issue size comprises over 10.44 crore shares, or 3 per cent stake, in BHEL, plus a greenshoe option to sell over 6.96 crore shares or 2 per cent. The sale of total 17.41 crore shares, or 5 per cent stake, would fetch the government Rs 4,422 crore. The government holds 63.17 per cent in BHEL. Shares of BHEL touched a low of Rs 258.60 in ...

India long-term contributor to Coca-Cola's growth: CEO James Quincey

Coca-Cola has told investors that India will continue to drive long-term volume growth, as it ramps up investments in digital platforms, AI-led tools and market expansion

Reliance Consumer Products acquires health foods maker Southern Health

Reliance Consumer Products has acquired Southern Health Foods of Tamil Nadu, owner of the Manna brand, to strengthen its foods and staples portfolio in the health foods segment

Fortis, IHH launch innovation platform for medtech, healthtech startups

IHH Healthcare and Fortis Healthcare have launched IHH Catalyst, a national platform to help execution-ready medtech and healthtech startups move from pilots to hospital adoption and scale

Britannia Industries posts 16.9% rise in Q3 net profit on steady growth

Britannia Industries reported a 16.9% rise in consolidated net profit for Q3FY26, aided by strong momentum in biscuits and adjacent categories amid a stable commodity environment

French drugmaker Servier bets big on India as key global export hub

French drugmaker to commit €15 million annually to SPC development and exports for cardiometabolic and venous diseases

Carlyle to acquire majority stake in Nido Home Finance for ₹2,100 crore

US-based private equity firm Carlyle will invest Rs 2,100 crore to acquire a majority stake in Edelweiss Group's housing finance arm Nido Home Finance, subject to regulatory approvals