Page 43 - Company News

Bajaj Electricals Q2 results: Profit drops 24% on JV losses, higher taxes

Shares of the company reversed course to trade 0.6% lower after the results

Pidilite Industries Q2 profit up 8.2% to ₹584.6 crore; revenue rises 9.9%

Pidilite Industries on Thursday reported an 8.2 per cent rise in consolidated net profit to Rs 584.6 crore in the second quarter ended September 30. The company had posted a consolidated net profit of Rs 540.3 crore in the second quarter of the last fiscal, Pidilite Industries, manufacturer of adhesives, sealants and construction chemicals, according to a regulatory filing. Its consolidated revenue from operations in the second quarter stood at Rs 3,554.44 crore against Rs 3,234.91 crore in the year-ago period, it added. The total expenses in the quarter under review stood at Rs 2,816.94 crore compared to Rs 2,565.71 crore a year ago, the company said. Pidilite Industries Managing Director Sudhanshu Vats said the company delivered double-digit underlying volume growth with sequential improvement and healthy operating margins, even in a challenging macro-economic environment. "As we look ahead, we remain optimistic. The domestic operating environment is expected to improve, aided b

OpenAI lays groundwork for juggernaut IPO at up to $1 trillion valuation

Chief Financial Officer Sarah Friar has told some associates the company is aiming for a 2027 listing, the people said. But some advisers predict it could come even sooner, around late 2026

Bandhan Bank Q2 net profit drops to ₹112 cr on lower operating income

Post tax profit of private lender Bandhan Bank has decreased to Rs 112 crore during the second quarter of the current financial as compared to Rs 937 crore in the similar previous period. Operating profit of the bank also decreased to Rs 1310 crore in the current second quarter, as against Rs 1855 crore in the similar previous quarter. MD&CEO of Bandhan Bank Partha Pratim Sengupta told reporters here that the second quarter results were transitional and the lender's profitability will improve in the coming months. "The repo rate cut has had an impact on the profitability of the bank. There has been a repricing of deposits of the bank. The focus of the bank is on CASA (current account, savings account) growth. The results of the second quarter are below internal expectations," Sengupta said. He said that the growth of the microfinance portfolio remained subdued during the second quarter. "For the bank, share of secured advances continued to rise. There has been decline in bulk ...

BSNL Q2 revenue at Rs 5,347 cr; achieves 93 pc of quarterly target: Scindia

State-owned telecom firm BSNL has achieved 93 per cent of its target revenue for the September quarter of FY26, reaching Rs 5,347 crore, Union Telecom Minister Jyotiraditya Scindia said on Thursday. The minister has asked BSNL to follow stricter parameters to monitor the quality of services on a daily basis, instead of weeks and months, and tighter deadlines of hours and days to complete pending projects. After the quarterly review of BSNL, the minister said the company's revenue for the first half of the current fiscal stood at Rs 11,134 crore. "This quarter, we have achieved a 93 per cent revenue run rate vis-a-vis our target. So, we had set a target of Rs 5,740 crore, and we've achieved Rs 5,347 crore. So, we are very close to a rather bold target that we had set for ourselves based on last year's jump in earnings," Scindia said. The minister said there is a target to increase BSNL's revenue by 20 per cent for the full fiscal year to Rs 27,500 crore. "Our ARPU has also increase

Nippon Life Q2 results: Profit falls 4% to ₹345 cr, revenue rises 15%

Nippon Life India Asset Management Ltd (NAM India) on Thursday reported a 4 per cent year-on-year drop in profit after tax (PAT) to Rs 345 crore for the quarter ended September 30. The asset management company had earned a PAT of Rs 360 crore in the year-ago period. However, the company's revenue from operations rose 15 per cent to Rs 658 crore in the second quarter of the current fiscal (FY26) from Rs 571 crore in the same period of the preceding fiscal, according to a stock exchange filing. Besides, the board of directors of Nippon Life India Asset Management has approved an interim dividend of Rs 9 per share. As of September 30, 2025, the company's assets under management (AUM) stood at Rs 7.61 lakh crore (USD 85.7 billion), and serves 21.9 million unique investors, representing over one in every three mutual fund investors in the country. Sundeep Sikka, Executive Director and CEO of NAM India, said, "In terms of business performance, we continue to gain market share with the .

Swiggy's board to discuss ₹10,000 crore fundraise plan to fuel growth

Food delivery and quick commerce firm Swiggy, which owns Instamart, on Thursday said its Board will meet on November 7 to consider and approve a proposal to raise Rs 10,000 crore through a qualified institutional placement. Swiggy said the external environment is competitive and dynamic, and hence the company's board will consider raising additional funds. "With the current cash balance to be further bolstered by the Rs 2,400 crore Rapido divestment, we feel comfortable about our overall balance sheet strength, and are well-funded for our growth ambitions," Swiggy said in a letter to shareholders. "However, the external competitive environment is dynamic, and legacy and new players continue to attract investments to the sector. This has necessitated a conversation with the Board to consider additional fundraising, which will give us access to sufficient growth capital while enhancing our strategic flexibility. Hence, the Swiggy Board will be meeting on 7 November 2025, to consider a

Van Der Hoeven wins €40 mn contracts for strawberry greenhouses in India

Dutch company Van der Hoeven Horticultural Projects said on Thursday it has secured three contracts worth 40 million euros to build high-tech greenhouses for strawberry cultivation in India. The greenhouses will be set up across 8 hectares in Punjab, Tamil Nadu and Karnataka, Sales Manager Pieter Jan Robbemont told PTI. "For the first time, we are going to bring our hi-tech greenhouse technology to India. We have got three projects for strawberry cultivation," Robbemont said. The company is awaiting bank financing to start implementation, with construction taking a minimum of one year, he said. The Dutch technology differs from existing systems in India by offering advanced climate control, irrigation, automation and cultivation systems designed to optimise crop production across diverse climates, the company said. Van der Hoeven is one of four companies exploring the Indian market under HortiRoad2India, a multi-year public-private partnership initiative by the Netherlands to prom

Dabur India Q2 profit rises 6.5% to ₹444.79 crore on strong sales growth

Homegrown FMCG firm Dabur India Ltd on Thursday reported 6.53 per cent increase in consolidated net profit to Rs 444.79 crore in the September quarter. The company had posted a consolidated net profit of Rs 417.52 crore in the same quarter last fiscal year, Dabur India said in a regulatory filing. Consolidated revenue from operations during the quarter stood at Rs 3,191.32 crore as against Rs 3,028.59 crore in the year-ago period, it added. Total expenses in the quarter under review were higher at Rs 2,758.33 crore as compared to Rs 2,634.40 crore in the corresponding period a year ago, the company said. "Despite a dynamic economic environment and transitional GST headwinds, we delivered robust topline and bottomline growth, reaffirming our leadership across core categories," Dabur India CEO Mohit Malhotra said. He further said, "Our India business reported market share gains across 95 per cent of the portfolio, a clear testament to our focused brand investments and deep consumer

Welspun Corp Q2 profit rises 57% to ₹443.51 cr, order book at ₹23,500 cr

Welspun Corp on Thursday posted a 57 per cent rise in consolidated net profit to Rs 443.51 crore in the September quarter, driven by a rise in revenues from the core steel products business. It had clocked a net profit of Rs 282.96 crore in the July-September period of the preceding 2024-25 financial year, the company said in a regulatory filing. Total income increased to Rs 4,408.66 crore in the September quarter from Rs 3,364.23 crore in the year-ago period. Total expenses stood at Rs 3,916.09 crore, higher from Rs 3,074.90 crore in Q2 FY25. The board of the company also approved the incorporation of two wholly-owned subsidiaries in the United Arab Emirates (UAE). One of the proposed companies will be incorporated at the Dubai International Financial Centre. It will act as an investment holding company to oversee the investments globally. Another entity will be incorporated at the Free Trade Zone in the UAE to handle global marketing for all products and carry out the business

Aditya Birla Capital Q2 results: Net profit rises 3% to ₹855 crore

Aditya Birla Capital on Thursday reported 3 per cent increase in consolidated net profit at Rs 855 crore for the second quarter ended September 2025. The financial services arm of Aditya Birla Group earned a net profit of Rs 834 crore in the same quarter of the previous financial year. Total income rose to Rs 10,609 crore during the quarter under review from Rs 10,362 crore a year ago, Aditya Birla Capital said in a regulatory filing. Interest income increased to Rs 5,003 crore from Rs 4,141 crore in the same quarter a year ago. Total expenses rose to Rs 9,475 crore from Rs 9,034 crore. The total Asset Under Management (AMC, life insurance and health insurance) grew 10 per cent to Rs 5,50,240 crore as on September 30, 2025 from Rs 5,01,152 crore a year ago.

Jio-bp sets up 28 EV charging points at its Devanahalli retail outlet

Jio-bp on Thursday announced the launch of an integrated mobility hub with 28 EV charging points within a retail outlet at Devanahalli in Bengaluru. The Devanahalli outlet with a multi-fuel retail site offering petrol, diesel, CNG, and a wildbean caf now adds an EV charging hub, featuring superfast DC chargers with 28 charging points dispensing up to 360kW, Jio-bp said. This flagship destination brings together fuel, CNG, EV, retail, and caf experiences under one roof, redefining convenience for customers and travellers alike, a statement issued by Jio-bp said. Jio-bp Chairman Sarthak Behuria said the Devanahalli Mobility Station represents our vision for the future of integrated mobility in India. Located near Kempegowda International Airport, the hub makes it easier for EV owners and fleets in and around Bengaluru to charge quickly, relax, and continue their journeys with confidence, Behuria said.

Union Bank Q2 profit dips 10% on lower core income, loan recoveries

State-run Union Bank of India on Thursday reported a 10 per cent decline in September quarter profit at Rs 4,249 crore, driven by a decline in core income and also recoveries from written-off accounts. Its newly appointed Managing Director and Chief Executive Asheesh Pandey said the lender will be "balancing" between topline growth and protecting bottomline from hereon. On the speculation about another round of consolidation among state-run lenders, and if the bank will merge with one of its peers, Pandey declined comment. Without denying any speculation, he said things are "evolving". During the quarter, it reported a 2.6 per cent dip in the core net interest income at Rs 8,812 crore due to a softer loan growth of less than 5 per cent and also a narrowing of the net interest margin to 2.67 per cent from 2.90 per cent in the year-ago period. Pandey did not share a specific target on the loan growth for FY26, but added that it still aspires to grow the book at 8-10 per cent on the b

Canara Bank Q2 results: Net profit rises 19% to ₹4,774 cr on higher income

State-owned Canara Bank on Thursday reported 19 per cent increase in net profit at Rs 4,774 crore for the second quarter ended September on the back of decline in bad loans. The bank had earned a net profit of Rs 4,015 crore in the year-ago period. Total income increased to Rs 38,598 crore in the second quarter from Rs 34,721 crore in the same period of the previous fiscal, Canara Bank said in a regulatory filing. Interest income improved to Rs 31,544 crore from Rs 29,740 crore in the same quarter a year ago. However, Net Interest Income witnessed moderation in the quarter to Rs 9,141 crore as against Rs 9,315 crore a year ago. Operating profit also increased to Rs 8,588 crore as against Rs 7,654 crore in the same quarter a year ago. In terms of asset quality, gross non-performing assets (NPAs) of the bank moderated to 2.35 per cent of gross advances at the end of September 2025 as against 3.73 per cent by the year-ago period. Similarly, net NPAs or bad loans came down to 0.54

Swiggy trims sequential loss to ₹1,092 cr on back of Instamart growth

India's quick commerce industry, which promises to deliver everything from milk to mobile phones in minutes, has ignited an investment frenzy as it grows at a blistering pace

Aakash shareholders clear share capital hike after NCLAT approval

The edtech firm said the capital hike and rights issue are essential to ensure Aakash's operational stability and protect Byju's investment through Think & Learn

Mercedes tops auto-margin forecasts as premium model sales offset costs

Like rivals including Porsche and BMW, Mercedes faces particular challenges in the Chinese premium and luxury market, where a price war driven by local carmakers is hitting demand

Altman unveils trillion-dollar AI vision as OpenAI eyes massive expansion

After reaching a deal with Microsoft on Tuesday that removes limits on how OpenAI raises money, Altman laid out even more ambitious plans to build AI infrastructure to meet growing demand

L&T appoints former G20 Sherpa Amitabh Kant as independent director

Infrastructure major Larsen & Toubro (L&T) on Wednesday said its board has approved the appointment of former G20 Sherpa and NITI Aayog CEO Amitabh Kant as a non-executive, independent director of the company. Kant has been appointed for a term of five years with effect from Wednesday. "The board of directors of the company at its meeting held today, i.e., October 29, 2025, have approved the... appointment of Amitabh Kant as a non-executive, Independent Director (Additional Director) of the company for a term of 5 years with effect from October 29, 2025, up to and including October 28, 2030, subject to approval of shareholders of the company," Larsen & Toubro said in a filing to the BSE. Last month, IT services company HCL Technologies had announced the appointment Kant as an independent director. In September, IndiGo also appointed him as an additional director on its board after receiving security clearance from the civil aviation ministry. Canadian billionaire Prem ...

Boeing delays 777x jet to 2027, takes $5 billion charge amid setbacks

Last month, CEO Kelly Ortberg said the company was behind schedule in certifying the jet, saying a 'mountain of work' needed to be done