Page 37 - Company News

HPCL posts 35% rise in Q3 profit at ₹40.7 billion on lower crude prices

Additionally, fuel consumption in India, the world's third-largest consumer and importer of oil, also hit a record high in December following a six-month peak in November

Jindal Stainless Q3 profit jumps 26.6% as domestic demand offsets exports

Jindal Stainless reported a sharp rise in Q3 profit on strong domestic demand and efficiency gains

Amagi is likely one of India's largest tech-driven, AI-first IPOs: Accel

Accel partners Shekhar Kirani and Rachit Parekh on why they're holding their Amagi stake post-IPO, the reopening of India's tech listing window, and where they're placing AI bets

Trai's number mandate for debt collection may have unintended consequences

Trai's move to shift debt collection calls to the 1600 series aims to curb fraud, but lenders warn it could force greater reliance on physical recovery methods

Dhanlaxmi Bank Q3 results: Net profit jumps 20% to ₹23.9 crore

Dhanlaxmi Bank on Wednesday reported a 20.3 per cent increase in its net profit to Rs 23.88 crore for the third quarter ended December 2025. The Bank had a net profit of Rs 19.85 crore in the year-ago period. Its total income rose to Rs 456 crore in the October-December quarter of FY26 against Rs 377 crore in the same quarter of the previous fiscal, Dhanlaxmi Bank said in a regulatory filing. The gross non-performing assets (NPAs) improved to 2.36 per cent of gross advances from 3.53 per cent a year ago. Shares of Dhanlaxmi Bank were trading at Rs 24.59 apiece, down 1.36 per cent over the previous close on BSE.

Allcargo names Vaishnav Shetty Deputy MD as part of leadership transition

In a move aimed at facilitating a leadership transition at the Allcargo group, the company on Wednesday elevated Allcargo Global Ltd's Executive Director for North Asia Vaishnav Shetty to the position of Deputy Managing Director and inducted him as a member of the AGL Board of Directors. Vaishnav, the son of group founder and Chairman Shashi Kiran Shetty, will work closely with AGL Managing Director Adarsh Hegde, a statement said. The appointment has been approved by the Board of Directors, it added. AGL, the international supply chain arm of the Allcargo Group, accounts for as much as 80 per cent of the group's revenue. His elevation reflects the group's structured approach to succession planning and building a digital-first and future-ready organisation amid the ongoing restructuring exercise at the group, under which its businesses are being reorganised into four independent and focused entities, the company said. As part of this process, the group's international supply chain

BHIM Payments app sees over four-fold jump in monthly transactions in 2025

The NPCI-run BHIM Payments App recorded strong growth in CY25, with monthly transactions rising over four-fold, driven by higher adoption, growth in small-ticket payments and rising trust in user

Kitchenware startup Cumin Co. raises $5 mn in pre-Series A funding round

The direct-to-consumer kitchenware brand has raised $5 million in a pre-Series A round led by Fireside Ventures to expand R&D-led product portfolio and strengthen supply chain, innovation capabilities

Bank of Baroda collaborates with IIFCL to boost infrastructure financing

Bank of Baroda on Wednesday announced the signing of a pact with India Infrastructure Finance Company Ltd (IIFCL) to facilitate joint lending and loan syndication for a wide range of infrastructure projects. This partnership will accelerate the growth of key infrastructure projects being set up in India, the bank said in a statement. Under the agreement, IIFCL and Bank of Baroda will collaborate to jointly finance a diverse range of infrastructure projects. Palash Srivastava, Deputy Managing Director of IIFCL said that IIFCL is actively supporting national objectives by enabling long-term and sustainable financing for infrastructure, with a strong focus on green finance, MSMEs and rural infrastructure - thereby fostering inclusive and resilient economic growth. "Bank of Baroda has an extensive nationwide presence and this collaboration with IIFCL positions us well to extend our reach and deliver innovative financing solutions that will support India's infrastructure ambitions," Lal

MATTER Motor Works plans to invest $100 million over next three years

Electric motorcycle maker MATTER Motor Works plans to invest USD 100 million dollars (nearly Rs 915 crore) in the next three years, as it plans to roll out four bikes besides entering the electric scooter segment, its Founder and Group CEO Mohal Lalbhai said on Wednesday. The company is targeting annual sales of 3 lakh units by 2029, while it looks to start exports to overseas markets by 2027, Lalbhai told PTI. "We are talking about four different classes of products. There will be variants underneath, but it will be four motorcycles and one scooter," he said when asked about the company's product rollout plans. Elaborating further, Lalbhai said, "We started off with a 175 to 200 cc equivalent (electric bike). We are going to be bringing in a 150 cc (equivalent) in 2026, then bringing in a 125 cc product in 2027, creating different form factors of the 150 cc and the 200 cc over 2028 and 2029." Then, towards 2029, he said, "We are looking at introducing a scooter once our entire ...

Apple Pay likely to enter India market this year, launch seen by end-2026

With this service, customers can save their credit and debit cards to the Apple Wallet

AU Small Finance Bank Q3FY26 results: Net profit up 26% at ₹668 crore

Dy CEO Tibrewal steps down from board, will continue in current role

Rallis India Q3 profit falls over 80% to ₹2 crore despite revenue growth

Agri input company Rallis India, a Tata enterprise, on Tuesday reported an over 80 per cent year-on-year decline in its profit after tax at Rs 2 crore during the quarter ending December 2025. The company's PAT (profit after tax) stood at Rs 11 crore during the corresponding period of the previous fiscal. In a regulatory filing, Rallis India said the quarter included exceptional items -- the additional gratuity provision on account of Wage Code implementation. During the third quarter of FY26, the company reported a 19 per cent growth in revenue at Rs 623 crore compared to Rs 522 crores in the same period of the previous year, driven primarily by strong volume growth across businesses. "Third quarter saw volume-led growth across businesses, supported by focused execution, strong customer engagement, and disciplined cost management. While demand remained moderate with seasonal fluctuations, we continued to strengthen our product portfolio, digital engagement, and innovation ...

Q4FY26 will be the best ever for Hindustan Zinc, says CEO Arun Misra

Hindustan Zinc's CEO says record Q3 profit is structurally sustainable, driven by low costs and rising silver recoveries, while cash will fund growth, not dividends

Toyota enters India's electric vehicle market with Urban Cruiser Ebella

Toyota Kirloskar Motor enters India's EV market with the Urban Cruiser Ebella, a born-electric SUV developed with Maruti Suzuki, as it pursues a multi-technology electrification strategy

NIM to face downward pressure in Q4, says South Indian Bank MD & CEO

South Indian Bank expects loan growth above 12% by shifting focus from corporate lending to retail, MSME and agriculture, while margins face short-term pressure amid rate cuts

Zomato leases 270,000 sq ft office in Gurugram's Intellion Park

Zomato has leased over 270,000 sq ft of office space at Tata Realty's Intellion Park in Gurugram at a monthly rent of Rs 2.33 crore, amid strong office demand across India's top cities

United Spirits Q3FY26 results: Net profit rises 25% to ₹418 crore

USL, a subsidiary of Diageo, saw revenue rise 7.6 per cent to ₹3,694 crore in Q3 FY26, while its PBIDT (profit before interest, depreciation and tax) was up 1.6 per cent to ₹650 crore

CCI approves Tata Steel's acquisition of 50.01% stake in Thriveni Pellets

Fair trade regulator CCI on Tuesday cleared Tata Steel's proposal to acquire a 50.01 per cent equity stake in Odisha-based Thriveni Pellets. The development came after Tata Steel in December last year announced that it entered into a pact to acquire a majority stake in Thriveni Pellets Pvt Ltd for Rs 636 crore. "The proposed combination relates to Tata Steel Limited's proposed acquisition of 50.01 per cent equity share capital of Thriveni Pellets Private Limited (TPPL) from Thriveni Earthmovers Private Limited," the regulator said in a release. Tata Steel Limited is engaged in integrated steel manufacturing operations, ranging from mining to steelmaking to further processing. It is also engaged in the mining of iron ore and the production of iron ore pellets, sponge iron and crude steel. TPPL is engaged in the sale of iron ore pellets in the country. TPPL's wholly-owned subsidiary, Brahmani River Pellets Ltd, is also engaged in production and sale of iron ore pellets in India. In

Elan Group awards ₹840 crore construction contract to Tata Projects

Elan Group awards an Rs 840 crore construction contract to Tata Projects for its ultra-luxury residential project 'Elan-The Statement' in Sector 49, Gurugram