Page 46 - Company News

IndiGo flight to Srinagar makes precautionary landing in Varanasi

An IndiGo plane enroute to Srinagar from Kolkata made a precautionary landing at the Varanasi airport on Wednesday evening due to a technical issue. Sources said malfunctioning of a sensor in the aircraft led to a false alarm of fuel leakage, following which the plane landed in Varanasi. "IndiGo flight 6E 6961, operating from Kolkata to Srinagar, made a precautionary landing at Varanasi airport due to a suspected technical issue. As a safety measure, the aircraft has been grounded for necessary checks, and an alternate aircraft has been arranged to continue the journey," the airline said in a statement. Specific details about the technical issue and the number of passengers onboard were not disclosed. The flight was operated with A320 neo aircraft, as per information available on flight tracking website Flightradar24.com.

Meta to cut about 600 roles in Superintelligence Labs AI division

The job cuts will affect Facebook Artificial Intelligence Research (FAIR) unit, as well as teams focused on product-related AI and AI infrastructure, the company said

Reckitt Q3 India revenue hit by GST changes despite Dettol and Durex growth

British FMCG major Reckitt on Wednesday said implementation of new GST slabs in India impacted its net revenue growth in the September quarter. However, the company reported volume-led growth in its germ protection brand Dettol in markets, including India, which helped it grow by double digits in the quarter. Besides, in the Intimate Wellness category, its brand Durex continued to gain market share in India, Reckitt said in its earnings statement. "We continued to drive encouraging sell-out performance in India, whilst LFL net revenue growth (low single digit) was impacted by the GST regime change in September. This resulted in a shift of trade orders to Q4," said Reckitt. However, this short-term disruption, Reckitt said, its "like-for-like (LFL) net revenue growth in India remains high single digit through 2025 YTD. Reckitt operates in the Indian market with power brands, which include Lysol, Vanish, Strepsils, Veet, Dettol, Harpic, and Durex. Leading FMCG makers in India repor

Century Real Estate Q2 results: Net profit jumps over two-fold to ₹1,062 cr

Realty firm Century Real Estate has reported more than two times increase in its sales bookings to Rs 1,062 crore during the July-September period of this fiscal on strong demand for its residential projects. The Bengaluru-based developer had sold properties worth Rs 452 crore in the year-ago period. During the first six months of this fiscal, the company's sales bookings rose to Rs 1,305 crore from Rs 907 crore in the corresponding period of the preceding year. Mahesh Prabhu, CEO of Century Real Estate, said the July-September period has been a defining quarter, marked by record-breaking sales across our portfolio. "This performance reflects not just strong consumer demand, but also the broader shifts shaping Bengaluru's housing market, from rising NRI inflows and infrastructure-led corridor growth to the premiumisation of residential demand," he added. Century Real Estate said it has strengthened its presence in both core city luxury micro-markets and emerging growth hubs in Nor

ITC Hotels opens 98-key Welcomhotel in Bodh Gaya, boosting tourism

ITC Hotels on Wednesday announced that it has opened a Welcomhotel in Bodh Gaya, Bihar, featuring convention facilities along with 98 rooms & suites. The 18-acre property is poised to redefine Meetings, Incentives, Conferences and Exhibitions (MICE) tourism in the state, ITC Hotels said. "Welcomhotel Bodh Gaya stands as a reflection of our commitment to creating meaningful experiences that celebrate local heritage while upholding the highest standards of service excellence. Bodh Gaya, with its timeless appeal, stands as an enriching destination that resonates deeply with travellers to this historical region," Anil Chadha, Managing Director of ITC Hotels Limited, said. Located nearly 12 km from Gaya International Airport, Welcomhotel Bodh Gaya provides easy access for both domestic and international travellers, the company said. Visitors can explore Bodh Gaya's spiritual and cultural richness - from the UNESCO-listed Mahabodhi Temple and serene monasteries to the ancient ruins of ..

Netflix teams up with Mattel and Hasbro for K-Pop Demon Hunters toys

Since its June debut, the film has topped more than 325 million views, making it Netflix's most-watched original movie

Google invites Superfans to test upcoming Pixel Phones before public launch

Google has invited members of its 'Superfans' group to apply to test future Pixel hardware, asking entrants to profess their knowledge and passion for the brand

OpenAI to launch ChatGPT Atlas AI browser, taking on Google Chrome

Google's shares declined as much as 4.8% on the news

Amazon restores AWS cloud services after global outage hits businesses

It was at least the third time in five years that AWS's northern Virginia cluster, known as US-EAST-1, contributed to a major internet meltdown

CCI clears Torrent Pharma's proposal to buy stake in JB Chemicals

Fair trade regulator CCI on Tuesday cleared Torrent Pharmaceuticals Ltd's proposed acquisition of a stake in JB Chemicals and Pharmaceuticals, subject to voluntary modifications offered by the companies. The development came after Torrent Pharmaceuticals in June this year announced the acquisition of a majority stake in JB Chemicals and Pharmaceuticals in a Rs 19,500-crore deal. "The proposed combination relates to the acquisition of shareholding by Torrent Pharmaceuticals Ltd (acquirer) in JB Chemicals & Pharmaceuticals Ltd (target) and the subsequent amalgamation of the target with the acquirer," the regulator said in a release. After the completion of the deal, Torrent Pharmaceuticals will become India's second most valued pharma company. "The Commission approved the proposed combination subject to compliance with voluntary modifications offered by the parties (Torrent Pharmaceuticals Ltd and JB Chemicals & Pharmaceuticals Ltd)," it added. Torrent Pharmaceuticals is the ...

Tata Motors Passenger Vehicles clock over 100K deliveries in festive period

Tata Motors Passenger Vehicles Ltd on Tuesday said it delivered over 1 lakh vehicles in 30 days from Navratri to Diwali, a growth of 33 per cent over the same period last year. The deliveries were led by SUVs with electric vehicles also showing strong traction, Tata Motors Passenger Vehicles Ltd Managing Director and CEO Shailesh Chandra said in a statement. "Over the 30-day period from Navratri to Diwali, we have achieved a landmark milestone with over 1 lakh vehicle deliveries, reflecting a robust 33 per cent growth compared to the same period last year," he said. Chandra further said, "Our SUVs continue to lead this momentum with the Nexon registering over 38,000 retails, an impressive 73 per cent growth, while the Punch clocked 32,000 units, growing 29 per cent year-on-year." The company's EV portfolio also showed strong traction, with over 10,000 EVs retailed during this period, marking a 37 per cent growth, he said. "Our full portfolio of cars and SUVs has supported this sur

Jindal Group likely to send team to assess Thyssenkrupp Steel assets

A delegation from Jindal Steel International is expected to visit Germany soon to evaluate various financial and operational aspects of thyssenkrupp Steel's assets, in which the Naveen Jindal-led group entity has expressed interest. In September, Jindal Steel International submitted a non-binding offer to thyssenkrupp AG and initiated discussions for the potential acquisition of its steel division. According to industry sources, the company is now preparing to send representatives to Germany to conduct an in-depth assessment of the thyssenkrupp Steel facilities. The evaluation will include a technical review of plant machinery and a broader analysis of the business operations. Sources added that discussions may also be held with workers at the site, as thyssenkrupp Steel is believed to carry a pension liability of approximately 2.7 billion euros. The steel facility in question, located in Duisburgabout 550 km from Berlinhas an annual production capacity of around 11 million tonnes

Jio-BP sees 34% growth in petrol, diesel sales in July-September quarter

Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34 per cent rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network. Jio-BP clocked 1.8 million sales of petrol and diesel in July-September, 34 per cent more than a year ago, according to an investor presentation made by the company after the second quarter earnings announcement. Also, helping the firm were good margins. "So, if you look at the volume and the growth, petrol and diesel together, we have done about 1.8 million kilolitre. That is a 34 per cent growth. ATF, which is jet fuel, we have done about 157,000 kilolitres. This is definitely lower than last quarter but what is important to note is we are maintaining the share there," Srinivas Tuttagunta, COO - Refining & Marketing at Reliance Industries Limited, said on the investor call. The ATF sales were lower than last year on account of a reduction in air traffic due .

IDFC First Bank expects NIM to improve from Q3: MD & CEO V Vaidyanathan

V Vaidyanathan says the bank's net interest margins have likely bottomed out and will improve as CASA strengthens and cost of funds continues to fall

IDFC First Bank Q2 profit rises 76% on lower provisions; NIM narrows

Loan growth strong, microfinance stress eases, says CEO Vaidyanathan

UltraTech Cement Q2 net profit rises to ₹1,238 cr, revenue at ₹19,607 cr

UltraTech Cement, India's leading cement maker, on Saturday reported a consolidated net profit of Rs 1,237.98 crore in the September quarter of FY26. It had posted a net profit of Rs 707.96 crore in the July-September period a year ago, the Aditya Birla group flagship firm said in a regulatory filing. Revenue from operations was at Rs 19,606.93 crore in the latest second quarter ending September. It was Rs 16,294.42 crore a year earlier. The company said its results "for the three months and six months ended September 30, 2025 are not comparable with the previous corresponding period" due to acquisition of south-based India Cements Ltd, Wonder WallCare and Ras Al Khaimah, UAE-based RAKWCT. Moreover, the scheme for merger of cement business of Kesoram Industries with UltraTech and their respective shareholders and creditors was also effective from March 1, 2025. UltraTech's total income, which includes other income as well, was at Rs 19,781.07 crore in the September quarter. In th

RBL Bank's ₹26,853 crore deal with Emirates NBD marks record FDI in banking

The deal is the largest by a Middle Eastern bank in India, and comes months after Japan's Sumitomo Mitsui Banking Corporation's move to buy up to 25% of Yes Bank

ICICI Bank Q2 results: Profit up 5% at ₹12,359 cr aided by low provisions

Treasury income slumps due to rise in bond yields

Yes Bank Q2 net profit rises 18% to ₹654 cr on higher non-interest income

The provisions of the bank saw 47.5 per cent Y-o-Y rise to Rs 419 crore in the quarter

HDFC Bank Q2 FY26 results: Net profit jumps 11% to Rs 18,641 crore

HDFC Bank has set up its own factory for some of the emerging technologies, says MD Jagdishan