Page 4 - Company News

ONGC partners with Japan's Mitsui to enter ethane shipping business

The explorer aims to capitalise on emerging opportunities in energy logistics, strengthen integration, and establish an operational presence in specialised shipping

Tata group's Trent Q3 standalone revenue increases 17% to ₹5,220 crore

Tata group retail firm Trent Ltd on Monday reported a 17 per cent growth in standalone revenue to Rs 5,220 crore in the third quarter ended December 31. The company had clocked standalone revenue of Rs 4,466 crore in the corresponding period last fiscal, Trent Ltd said in a regulatory filing. As of December 31, 2025, the company's store portfolio included 278 Westside, 854 Zudio (including 4 in the UAE) and 32 stores across other lifestyle concepts, it added. The company opened 17 stores of 'Westside' and 48 stores of 'Zudio' in the third quarter. For the nine months ended December 31, 2025, standalone revenue was Rs 14,604 crore against Rs 12,368 crore in the year-ago period, up 18 per cent, the filing said. A total of 30 stores of Westside and 89 stores of Zudio were opened in the nine-month period, it added.

Banks see strong deposit growth in Q3 outpaced by rapid credit expansion

HDFC Bank's C/D ratio surges to 99.5%

Adani Power gets relief as Supreme Court nixes SEZ electricity duty

A bench comprising Justices Aravind Kumar and NV Anjaria held that the customs department lacked statutory authority to impose duty on electrical energy cleared from the SEZ to the DTA

Apax Partners makes strategic bet, acquires minority stake in iD Fresh Food

Private equity firm invests more than ₹1,500 crore for over 35% of the ready-to-cook foods maker, backing its expansion across India and Gulf markets, according to sources

HPCL commissions residue upgradation unit at Vizag refinery, boosts margins

Hindustan Petroleum Corporation Ltd (HPCL) has commissioned a residue upgradation facility (RUF) at its Visakhapatnam refinery, significantly enhancing the plant's deep-conversion capability, distillate output and profitability, the company said on Monday. The 3.55 million tonnes-per-year facility includes India's first residue hydrocracking unit and the world's first LC-Max unit, capable of converting about 93 per cent of low-value bottom-of-the-barrel oils into high-value petroleum products. The project marks a major step in upgrading India's refining complexity and reducing dependence on imported fuels. HPCL in a statement said the new unit will raise distillate yields at the Visakh refinery by up to 10 per cent from pre-modernisation levels, and substantially improve gross refining margins by enabling the processing of heavier and opportunity crudes and delivering a superior product slate. The commissioning follows the Visakh Refinery Modernisation Project and lifts the refiner

HDFC AMC forays into private credit market with ₹2,500 crore fund

HDFC Asset Management Company has forayed into the fast-growing private credit market with its new Structured Credit Fund-I, targeting mid-market companies with alternative debt financing. The International Finance Corporation (IFC), a member of the World Bank Group, will invest up to Rs 220 crore as an anchor investor in HDFC AMC's Structured Credit Fund-I, the asset management company said in its statement on Monday. The fund has already secured about Rs 1,290 crore in commitments in its first close, and is targeting a total corpus of Rs 1,500 crore, with a green-shoe option of an additional Rs 1,000 crore. The commitment amount includes sponsor commitment from HDFC AMC of up to 14 per cent of the fund corpus. The fund will invest in mid-market companies, and it has already committed Rs 380 crore across three deals spanning various sectors. It will target mid-teen returns over a 4-6 year horizon. HDFC AMC said that the fund will improve access to finance for underserved mid-ma

Govt may withdraw X's safe harbour tag over Grok AI obscene content lapses

The government has reportedly warned X of strict action if it fails to follow directions on removing AI-generated obscene content, stressing the need to protect users' safety and dignity online

Goldi Solar to add 5 GW module, 16 GW cell capacity by FY28 to meet demand

Goldi Solar is looking to add around 5 gigawatt of solar module and 16 gigawatt of cell manufacturing capacity in the country over the next two financial years to support the domestic demand, industry sources said. The Gujarat-based renewable energy player presently owns and operates three solar module manufacturing facilities near Surat, having a combined capacity of 15.2 gigawatt (GW). According to the industry sources, Goldi Solar is looking to scale up its module-making capacity to over 20 GW. The company is learned to be working on a draft plan to add 5 GW of module capacity. It already has 15.2 GW of capacity approved under the government's ALMM framework. The Approved List of Models and Manufacturers (ALMM) is an initiative of the Ministry of New and Renewable Energy (MNRE) that supports India's 'Make in India' vision by promoting local manufacturing, reducing import dependency, and generating new employment. It also aligns with India's renewable energy targets by ensuring t

KC Das eyes UK comeback after 50 years, backs bilateral trade pact

Iconic sweetmeat chain KC Das is eyeing a return to the United Kingdom after more than five decades, encouraged by the proposed India-UK Comprehensive Economic and Trade Agreement (CETA) and rising demand for authentic Indian food brands overseas. Dhiman Das, executive director of the legendary confectionery brand and a fifth-generation descendant of Nobin Chandra Das, the inventor of the rosogolla, said there is "huge scope" for Indian food businesses and restaurants in the UK market, particularly as the pact is expected to ease regulatory and tariff barriers for food exports. "We are actively looking for a suitable partner for the UK venture. The important thing is that the partner should be technically sound in dairy, as finance is not a critical issue," Das told PTI. "We are planning to set up a manufacturing base in Birmingham, which is relatively close to London, to cater to the metropolis market and adjoining regions. We have requested the Deputy High Commission in Kolkata to

Marico expects high single-digit volume growth in Q3 India business

FMCG major Marico said its domestic business is expected to post high single-digit volume growth in the October-December quarter, with consolidated revenue growth in the high twenties

Hot wheels: Dzire topped car buyers' desire in 2025, defying SUV wave

Maruti Suzuki's Dzire reclaimed the top spot after eight years, outselling SUVs and hatchbacks in 2025 even as utility vehicles accounted for more than half of India's PV market

Supriya Life Sciences bets on regulated markets with new facility

The Mumbai-based pharma company has commissioned a ₹165-crore formulations plant at Ambernath to support contract manufacturing and strengthen its presence in regulated global markets

Devyani International-Sapphire merger set to add spice to QSR competition

Merger with Sapphire Foods will create a unified Yum! India franchise, while Devyani's non-Yum brands and acquisitions are expected to support topline growth

Knight FinTech raises $23.6 million in Accel-led Series A funding

Credit-infrastructure firm will use the funds to expand AI-driven risk and lending platforms and accelerate growth across the Middle East and Asia-Pacific regions

Devyani, Sapphire to merge and create single franchisee for Pizza Hut & KFC

Devyani International will absorb Sapphire Foods under a share-swap merger to create a single Yum! India franchisee for KFC and Pizza Hut

Bharti gained most among India's top biz groups in 2025; Tatas stay ahead

All three Bharti group companies out-performed in CY25 but the biggest gains came from their flagship Bharti Airtel

Coal India posts 4.6% output growth in December, but offtake drops 5.2%

Coal India on Thursday reported a 4.6 per cent year-on-year (y-o-y) growth in production and a 5.2 per cent fall in offtake in December. The miner, along with its eight subsidiaries, produced 75.7 million tonnes (MT) of coal in December 2025, higher than 72.4 MT in the same month in 2024. However, the offtake was at 64.9 MT in the month under review, lower than 68.5 MT in December 2024. Coal India's cumulative production fell by 2.6 per cent to 529.2 MT in April-December FY26 from 543.4 MT in the nine-month period of the preceding FY25. Offtake during the period also slipped 2.2 per cent to 544.7 MT from 557 MT in April-December 2024-25. Coal India, under the Ministry of Coal, is India's largest coal mining company.

Additional funding and relief key for Vodafone Idea to meet liabilities

On Wednesday, Vi's stock price had slipped 11 per cent, after hitting a 52-week high of ₹12.80 on December 31, 2025

Hyundai Motor India records 6.6% sales growth to 58,702 units in Dec

Hyundai Motor India Ltd on Thursday reported a 6.6 per cent year-on-year growth in total sales at 58,702 units in December 2025. This includes monthly domestic sales of 42,416 units and exports of 16,286 units, Hyundai Motor India Ltd (HMIL) said in a statement. "Driven by the positive momentum from GST 2.0 reforms, Hyundai Motor India recorded a robust 6.6 per cent year-on-year growth in total monthly sales for December 2025," HMIL Managing Director and CEO Tarun Garg said. The company delivered a 26.5 per cent year-on-year growth in export volume in December, he added.