Page 47 - Company News

SBI Life Q3 profit rises 5% to ₹5.77 billion as tax cuts lift demand

The insurer's net profit rose to 5.77 ​billion rupees ($62.87 million) for the three months ended December 31, from 5.51 billion rupees a year earlier

PC Jeweller Q3FY26: Profit rises 28% to ₹190 cr on strong festive demand

PC Jeweller Ltd on Tuesday reported a 28 per cent increase in its consolidated net profit at Rs 190.10 crore in the quarter ended December, mainly on festive demand. Its net profit stood at Rs 147.96 crore in the year-ago period. Total income grew to Rs 900.51 crore in the October-December period of this fiscal from Rs 683.44 crore in the corresponding period of the preceding year, according to a regulatory filing. PC Jeweller MD Balram Garg said the company has posted a resilient operational performance in the third quarter of this fiscal, "driven by continued consumer demand during the festive and wedding season." On the balance sheet front, he said the company continues to make steady progress towards its stated objective of becoming debt-free. "Since the execution of the settlement agreement with banks on 30 September 2024, the company has reduced its outstanding debt by approximately 68 per cent, reflecting a significant improvement in its financial position and reaffirming .

ONGC seeks oil majors for Western offshore blocks; multiple deals signed

ONGC has invited global oil majors for technical support partnerships in its western offshore blocks to lift output

Adani, Embraer sign MoU to establish aircraft making facility

This would be the first commercial aircraft final assembly line (FAL) to be established in India

TCS to invest ₹330 cr in new Brazil unit to deepen Latin America presence

The new campus will create over 1,600 new jobs and will serve as a strategic hub supporting clients across industries in Brazil and Latin America

Hindalco Industries unveils ₹21,000 crore smelter expansion plan

Move part of firm's ₹37K cr investment pipeline in Odisha

Tata Consumer Q3 results: Net profit jumps 36% to ₹384.52 crore

Tata Consumer Products Ltd (TCPL) on Tuesday reported a 36.4 per cent increase in consolidated net profit to Rs 384.52 crore in the quarter ended December 31, 2025, led by volume growth from its India business. The company had posted a consolidated net profit of Rs 281.92 crore in the October-December quarter a year ago, according to a regulatory filing from TCPL, the Tata group FMCG arm. Its revenue from operations rose by 15.04 per cent to Rs 5,112 crore in the December quarter of FY'26. It was at Rs 4,443.56 crore in the year-ago period. Total expenses of TCPL in the December quarter were at Rs 4,582.24 crore, up 12.11 per cent. Tata Consumer's total income, including other income, stood at Rs 5,145.01 crore, up 14.45 per cent. In the December quarter, TCPL's overall branded business was up 14.32 per cent to Rs 4,602.79 crore. It was at Rs 4,026.15 crore in the corresponding quarter of the previous fiscal. TCPL's branded businesses include tea, coffee, water, and other value-a

Qcom platform Blinkit introduces Bharat Yatra national common mobility card

Blinkit now delivers the Rs 50, zero-KYC Bharat Yatra NCMC card across major cities, making metro and bus travel easier with a single RuPay-powered mobility card

HC protects Delhivery against misuse of trademarks, fake franchise scam

Delhivery moved the court after it was alleged that several individuals were acting in concert to falsely project themselves as its representatives

Cropin unveils AI agriculture platform to rewire global food supply chains

New ecosystem with Google, BCG, Wipro and others aims to reduce climate, data and procurement risks in agriculture

SaaS major Zoho launches ERP platform to tap SME market in India

SaaS firm Zoho has unveiled new ERP platform for small and mid-sized enterprises, aiming to tackle high costs, long rollouts and consultant dependence that have slowed adoption among Indian businesses

Higher volumes, lower costs positive for UltraTech Cement stock

Market leader UltraTech Cement's Q3FY26 results beat consensus. Consolidated operating profit grew 35 per cent Y-o-Y to Rs 3,920 crore

With GenAI, billing models more outcome-based: TP India head Maneesh Daga

Teleperformance India says AI is driving a shift from low-end bpo work to outcome-based, higher-value services, reshaping billing models, productivity and hiring strategies

Waaree Renewable to buy 55% in Associated Power Structures for ₹1,225 crore

In September last year, Waaree Energies, the holding company of WRTL, acquired a 64 per cent stake in transformer company Kotsons through a primary capital infusion of Rs 192 crore

HPCL bets big on renewables and biofuels to meet 2040 net-zero target

HPCL's capex spending includes 15% for gas projects, 8% for renewables, 4 per cent for biofuels, 3% for electric vehicle (EV) or alternate fuels and 6% for net zero projects

Pine Labs partners with UAE-based Wio Bank for tech infrastructure

Apart from the UAE, Pine Labs currently offers Credit+ in India, Sri Lanka, the Middle East, Africa and Southeast Asia

Global firms take 58% share of office leasing in 7 Indian cities: Report

Global companies remained major demand driver for office space in India during 2025 as they leased nearly 60 per cent of ofifce spaces in India's seven major cities to expand their businesses, according to JLL India. According to data by real estate consultant JLL India, the gross leasing of office spaces rose by 8 per cent to record 83.3 million square feet last year across seven major cities from 77.2 million square feet in the preceding year. These seven cities are Mumbai, Bengaluru, Delhi-NCR, Pune, Hyderabad, Chennai and Kolkata. Out of the total leasing, the global firms took on lease 48.6 million square feet office last year, contributing 58 per cent to the total office demand. Availability of skilled English speaking talent and supply of premium office space at a very affordable rentals are the major factors that attract global firms to invest in India. Global firms took 31.4 million square feet area for setting up of Global Capability Centres (GCCs). Domestic firms absor

ECL urges staff to boost coal output to meet annual production targets

Coal India subsidiary Eastern Coalfields Limited (ECL) has urged its employees to enhance production in the final quarter of the current fiscal to bridge the gap between targets and achievements, citing shortfalls in cumulative output till December. In a message to employees ahead of the 77th Republic Day, ECL CMD Satish Jha said cumulative coal production up to December 2025 stood at 33.482 million tonnes, below the proportionate target of 38.752 million tonnes, underscoring the need for accelerated production in the remaining months of the fiscal. The Coal India arm, however, said it remained on a strong operational footing, supported by robust overburden removal of 133.013 million cubic metres during the period, which it described as a key area of strength enabling higher coal output. Cumulative coal offtake during the April-December period stood at 33.666 million tonnes, helping ensure continuity of supplies and revenue flow. Calling for concerted efforts from employees, office

Embassy Developments pre-sales to jump 2.5-fold to ₹5,000 crore

Realty firm Embassy Developments Ltd's sales bookings will jump two-and-a-half times to Rs 5,000 crore this fiscal on strong housing demand, a top company official said. In an interview with PTI, Embassy Developments Ltd (EDL) Managing Director Aditya Virwani noted that the company's business activities have now gathered pace after the takeover of Indiabulls Real Estate (IBREL). "We have sold properties worth about Rs 2,000 crore in the first nine months of this fiscal," he said. Virwani expressed confidence that the company would be able to sell housing properties worth Rs 3,000 crore during the current quarter with the help of new launches of residential properties in Mumbai Metropolitan Region (MMR) as well as sustenance sales in the existing projects. Embassy Developments clocked sales of Rs 2,031 crore last fiscal as against Rs 1,838 crore in 2023-24. Virwani said the company is now completely focusing on completing a few legacy housing projects and also launching new ...

LogiMAT India to boost 15% of Indo-german logistics, investment growth

Platforms like LogiMAT India 2026 can catalyse over 15 per cent or USD 7.5 billion of bilateral logistics and investment growth between India and Germany over the next three years, said German Engineering Federation (VDMA) India Chief. Bilateral trade between India and Germany has crossed the USD 50 billion milestone in 2024-25, underscoring the countries' deepening partnership in logistics, technology, and investment, a statement said. According to the statement, as India and Germany recalibrate their economic and trade engagement, the world's biggest logistics show in India, LogiMAT India 2026, will bring together 43 German companies and leading innovators from across the logistics and supply chain spectrum. "Germany is India's largest trading partner in the European Union, and our logistics and technology partnership is entering a new era. Platforms like LogiMAT India can catalyse over 15 per cent (USD 7.5 billion) of bilateral logistics and investment growth in the next three ..