Page 3 - Company News

USFDA flags 3 manufacturing compliance lapses at Lupin's New Jersey unit

Pharma major Lupin Ltd on Saturday said the US health regulator has issued Form 483 with three observations to its Somerset, New Jersey, facility in the US following an inspection. The USFDA has concluded the inspection at our manufacturing facility located in Somerset, New Jersey, USA, Lupin said in a regulatory filing. "The inspection was conducted from April 13, 2026, to April 17, 2026, and closed with the issuance of a Form-483 with three observations," it added. The company further said, "We will address the observations and respond to the USFDA within the stipulated timeframe". Lupin said it is "committed to be compliant with CGMP standards across all our facilities". According to the US Food and Drug Administration (USFDA), Form 483 is issued to a firm's management at the conclusion of an inspection when the investigator has observed any conditions that may constitute violations of the Food, Drug and Cosmetic (FD&C) Act and related Acts.

ICICI Bank's net profit up 8.5% in Q4 FY26 to ₹13,701.7 crore

Private sector lender posts 8.5 per cent rise in Q4FY26 net profit, supported by lower provisions and steady income growth, while asset quality continues to improve

Network18 Q4 FY26 results: Loss widens to ₹29.6 cr, revenue up 9.7% Y-o-Y

Network18 Media & Investments Ltd on Saturday reported a consolidated net loss of Rs 29.61 crore in the quarter ended on March 31, 2026. The company reported a net loss of 29.09 crore in the January-March quarter a year ago, according to a regulatory filing by Network18 Media, a subsidiary of billionaire Mukesh Ambani-led Reliance Industries Ltd. Its consolidated revenue from operations rose by 9.7 per cent to Rs 615.78 crore in the March quarter compared to Rs 561.32 crore in the corresponding quarter in the last fiscal. Consolidated operating revenue for the quarter increased by 9.7 per cent "despite the multiple headwinds in the macro environment. On a QoQ basis, the revenue grew 14.2 per cent," said Network18 Media & Investments in its earnings statement. Advertising inventory demand for the TV news industry declined by 10 per cent YoY, but Network18's inventory grew 4.5 per cent, helping the company perform better than the industry. "Company's diversified portfolio, ...

ICICI Bank Q4FY26 result: Profit rises 9% to ₹14,755 cr as provisions drop

ICICI Bank's consolidated net profit increased by 9.28 per cent to Rs 14,755 crore in the March quarter, according to an exchange filing on Saturday. It had reported a consolidated net profit of Rs 13,502 crore in the year-ago period. On a standalone basis, the second-largest private sector lender's net profit rose 8.5 per cent to Rs 13,702 crore compared to Rs 12,630 crore in the year-ago period. For the recently ended fiscal year 2025-26, its post-tax profit increased 6.2 per cent to Rs 50,147 crore from Rs 47,227 crore in FY25. In the reporting quarter, the bank posted an 8.4 per cent increase in the core net-interest income to Rs 22,979 crore, while the non-interest income, excluding treasury, rose 5.6 per cent to Rs 7,415 crore. The operating expenses grew 12 per cent to Rs 12,089 crore for the reporting quarter. From an asset quality perspective, the gross non-performing assets ratio improved to 1.40 per cent from 1.53 per cent in December and 1.67 per cent a year ago. Its

Hathway Cable Q4FY26 result: Net profit declines 67.7% to ₹11.25 crore

Hathway Cable & Datacom Ltd, provider of cable and internet services, has reported a 67.7 per cent decline in its consolidated net profit to Rs 11.25 crore for the fourth quarter ended March 2026. The company had posted a net profit of Rs 34.8 crore in the January-March period a year ago, according to a regulatory filing by Hathway Cable, owned by Reliance Industries Group, on late Friday. Its revenue from operations increased 6.37 per cent to Rs 545.85 crore in the March quarter. It was Rs 513.15 crore in the year-ago period. Hathway's revenue from its Cable TV business was Rs 391.61 crore and Rs 143.15 crore from broadband services in Q4 of FY26. Total expenses of Hathway Cable rose 6.6 per cent to Rs 543.79 crore. Hathway Cable's total income, which also includes other income, increased 3.6 per cent to Rs 566.2 crore in the December quarter. For the entire FY26, the profit of Hathway Cable & Datacom declined 11.13 per cent to Rs 82.24 crore. Its total income increased 4.52 .

Cognizant CEO's compensation grew 28% to $21.5 million last year

Ravi Kumar's pay rises on higher stock awards, while CFO Jatin Dalal's compensation declines; proxy filing details executive payouts

Jio Financial Services Q4 results: Net profit dips 14% to ₹272 crore

The company declared a dividend of Rs 0.60 per equity share of ₹10 each for the financial year ended March 31, 2026

'Golden Ticket': VC company funds Indian AI startups' shift to US

All In Capital invests $350,000 in Vasuki AI, marking first relocation under its Golden Ticket programme aimed at helping Indian AI startups access global capital and scale

HDFC AMC Q4 profit dips 2.4% to ₹623 crore; revenue rises 17% Y-o-Y

HDFC Asset Management Company (AMC) on Thursday reported 2.4 per cent decline in consolidated profit after tax (PAT) at Rs 622.66 crore for the three months ended March 2026. The company posted a PAT of Rs 638.46 crore in the year-ago period, the fund house said in a regulatory filing. However, revenue from operations grew 17 per cent year-on-year to Rs 1,051.51 crore in the quarter under review. The company's board has recommended a final dividend of Rs54 per equity share for financial year ended March 31, 2026. This is subject to shareholders' approval. For full financial year FY26, the fund house's profit after tax grew 16 per cent year-on-year to Rs 2,858.06 crore, and revenue from operations rose 18 per cent to Rs 4,122.16 crore. Also, the board approved the appointment of Rajan Anandan as an invitee and external expert on the Technology Committee to provide an independent, high-level guidance and advise in the technology-related matters. His appointment is for a period of th

TSMC profit for Jan-Mar qtr jumps 58% on AI demand, flags Iran war risks

Taiwan's chipmaker TSMC, one of the world's largest companies, reported a 58 per cent jump in profit on Thursday for the January-March quarter, thanks to strong demand driven by the artificial intelligence boom, even as the Iran war was driving up costs. Taiwan Semiconductor Manufacturing Corp., a key supplier for Apple and Nvidia and the largest contract chipmaker in the world, reported a record net quarterly profit of 572.5 billion new Taiwan dollars (USD 18.1 billion) for the first three months of the year, better than analysts had expected. Profit for the quarter was 58.3 per cent higher compared to the 361.6 billion new Taiwan dollars (USD 11.5 billion) booked in the same period a year earlier. It was also 13.2 per cent higher compared with the previous quarter in October-December. Revenue increased 8.4 per cent in the January-March period from the previous three months to USD 35.9 billion, the company said. For the current April-June quarter, TSMC expects revenue to further gr

CCI closes Adani case, says company has no 'dominance' in power market

A key finding of the Commission was that the Adani Group does not hold a "dominant" position in the relevant market

Max Healthcare to add 1,200 beds in FY27, says Chairman Abhay Soi

Max Healthcare plans to expand capacity to 6,500 beds by FY27 and boost medical tourism through overseas offices and new facilities, including a 400-bed tower in Delhi

Vedanta challenges Adani's JAL plan, flags flaws in CoC scoring process

Vedanta has challenged Adani Group's JAL resolution plan at NCLAT, alleging flawed and opaque CoC scoring that undermined value maximisation under insolvency rules

PepsiCo reports steady Q1 growth, flags no impact from West Asia conflict

PepsiCo reports 6 per cent organic growth in global foods business in Q1CY26, driven by markets including India, while CEO says West Asia conflict has not impacted operations

India a very high-priority market, Fortis primary growth vehicle: IHH CEO

IHH Healthcare eyes aggressive India expansion via Fortis, focusing on bed capacity, clusters, and ambulatory care amid strong healthcare demand

Yulu hits 1 bn km milestone in Bengaluru, deepens last-mile EV dominance

Shared EV operator expands last-mile dominance with 190 million deliveries and lower emissions, as it targets fleet growth and deeper penetration across Bengaluru

Too early to gauge war impact on EV demand: VinFast India CEO Tapan Ghosh

VinFast on Wednesday launched the VF MPV 7, a premium electric seven-seater designed for families

TCS slows dividend tap to fund AI push, cuts payouts for second year

The company cut dividend payout and increases retained earnings as it seeks to make new investments in AI space and data centres

Databricks targets $1 billion revenue in India: Kamalkanth Tummala

Tummala, who joined last year from Salesforce, explained Databricks has done "exceptionally well" for any new company in India when it comes to engineering

Applied Materials bets on India as critical hub for R&D, innovation push

Avi Avula says India can lead global innovation by linking chip design, prototyping and manufacturing, as applied materials deepens R&D investment and ecosystem partnerships