Page 48 - Company News

Meta introduces parental controls for AI chats with teens from next year

Meta is adding parental controls for kids' interactions with artificial intelligence chatbots including the ability to turn off one-on-one chats with AI characters altogether beginning early next year. But parents won't be able to turn off Meta's AI assistant, which Meta says will remain available to offer helpful information and educational opportunities, with default, age-appropriate protections in place to help keep teens safe. Parents who don't want to turn off all chats with all AI characters will also be able to block specific chatbots. And Meta said Friday that parents will be able to get insights about what their kids are chatting about with AI characters although they won't get access to the full chats. The changes come as the social media giant faces ongoing criticism over harms to children from its platforms. AI chatbots are also drawing scrutiny over their interactions with children, which lawsuits claim have driven some to suicide. Even so, more than 70 per cent of

AU Small Finance Q2 net profit slips 2% to ₹561 cr despite income rise

AU Small Finance Bank on Friday reported a 2 per cent dip in net profit at Rs 561 crore for the second quarter ended September 30. The bank had a net profit of Rs 571 crore in the July-September quarter of FY25. Net total income rose 9 per cent to Rs 2,857 crore, while operating expenses was up 11 per cent Y-o-Y to Rs 1,647 crore during the quarter. Provisioning during the quarter rose 29 per cent to Rs 481 crore. Total deposits stands at over Rs 1.32 lakh crore with 21 per cent YoY growth. Shares of AU Small Finance Bank closed at Rs 793.75, down 0.41 per cent over previous close on BSE.

Toshiba plans ₹3,232 cr investment to double output in Japan and India

Toshiba Energy Systems & Solutions Corporation (Toshiba) on Friday announced its plan to invest 55 billion yen (around Rs 3,232 crore) by FY2027, aimed at doubling output capacity at its key facilities in Japan and India. Toshiba Energy Systems & Solutions Corporation (Toshiba) has announced a significant expansion of its investment in the power transmission and distribution (T&D) equipment business, in response to accelerating global electricity demand, a company statement said. According to the statement, the company will invest a total of 55 billion yen by FY2027. This investment is expected to more than double combined production capacity at Toshiba's key facilities in Japan and India by FY2030, against FY2024 levels. This initiative builds on the 20-billion-yen investment announced in July 2024 for FY2024FY2026. With demand now projected to exceed initial forecasts, Toshiba has decided to invest an additional 35 billion yen in its Hamakawasaki Operations in Kawasaki, .

Shoppers Stop Q2 loss narrows to ₹20 crore, eyes festive demand boost

Shoppers Stop's consolidated net loss stood at ₹201.1 million ($2.29 million) for the quarter against a loss of ₹205.9 million a year earlier

CEAT Q2 results: Net profit jumps 52.6% to ₹186 crore on strong tyre demand

Revenue from operations increased 14.2 per cent. Total expenses rose 12.2 per cent, with the cost of materials consumed climbing 9.6 per cent

Sterling and Wilson Renewable Energy reports ₹477.62 cr loss in Q2

Sterling and Wilson Renewable Energy on Friday reported a consolidated net loss of Rs 477.62 crore in the September quarter, due to an exception item of Rs 580.10 crore during the period under review. The company posted a consolidated net profit of Rs 8.57 crore in the quarter ended on September 30, 2024, a BSE filing showed. Last year, a wholly owned subsidiary (WOS) company of the group terminated a contract with a major subcontractor in a particular geography for delays and default of its obligations under the contract, the statement said. During the quarter, an arbitral tribunal passed an interim award in this matter whereby the claims made by WOS, totalling Rs 485.64 crore (USD 55.06 million), considered recoverable were dismissed, and the subcontractor has been granted a claim amount of Rs 56.80 crore (USD 6.44 million) plus interest. Accordingly, it stated that during the quarter, the group had charged off Rs 580.10 crore (including estimated legal cost) in the statement of

Hindustan Zinc Q2FY26 results: Net profit rises 13.8% to ₹2,649 crore

Vedanta group firm Hindustan Zinc Ltd on Friday reported a 13.8 per cent increase in consolidated net profit at Rs 2,649 crore for quarter ended September 30, 2025. The company had posted consolidated net profit of Rs 2,327 crore in the year-ago period. The consolidated income of the company in the July-September period increased to Rs 8,787 crore, over Rs 8,522 crore in the corresponding quarter of the previous financial year. Hindustan Zinc Ltd is a leading integrated zinc producer and is amongst the top five silver producers globally. The company supplies to more than 40 countries and holds a market share of about 77 per cent of the primary zinc market in India.

Air India Dreamliner faces a technical issue at Hong Kong airport

An Air India Dreamliner aircraft faced a technical issue at the Hong Kong airport on Thursday morning and underwent checks before being cleared to fly to Delhi. The Boeing 787-8 plane VT-ANO, which faced the issue on Thursday, is the same aircraft in which the Ram Air Turbine (RAT) was deployed seconds before landing at the Birmingham airport on October 4. "AI315 operating from Hong Kong to Delhi on 16 October was delayed due to a minor issue necessitating a reset of a component. "The aircraft underwent checks, took off after being cleared for operation and landed in Delhi," an airline spokesperson said in a statement to PTI. As per information available on flight tracking website Flightradar24.com, AI315, operated by Boeing 787-8 aircraft VT-ANO, was scheduled to take off from the Hong Kong airport at around 8.50 am (local time) but was delayed and departed at about 11.30 am. The spokesperson also said that at Air India, the safety of passengers remains top priority. On October

Vikram Solar Q2 net profit soars to ₹128 cr; order book hits 11.15 GW

Vikram Solar on Thursday said its consolidated net profit increased manifold to Rs 128.48 crore in the second quarter ended September 2025. The company had clocked a net profit of Rs 7.35 crore in the same period of preceding 2024-25 financial year. The company's total income rose to Rs 1,125.80 crore from Rs 583.46 crore in Q2FY25. Vikram Solar's expenses also increased to Rs 941.35 crore from Rs 572 crore in the year-ago period. Kolkata-headquartered Vikram Solar is one of the largest PV module manufacturers in India. On August 26, shares of Vikram Solar made a tepid market debut on the exchanges listing with a premium of over 2 per cent against the issue price of Rs 332. In a separate statement, the company's CMD Gyanesh Chaudhary said: "Despite the temporary slowdown caused by monsoon-related logistical challenges, we delivered a strong revenue growth of 93.7 per cent compared to the same period last year. This remarkable growth demonstrates strength and resilience of our ...

Waaree Energies Q2 results: Net profit more than doubles to ₹871 cr

Waaree Energies reported more than two-fold rise in consolidated net profit to Rs 871.21 crore in the July-September quarter on the back of higher revenues. It had clocked a net profit of Rs 375.66 crore in the same period of the preceding 2024-25 financial year. The company's total income rose to Rs 6,226.54 crore in the quarter from Rs 3,663.47 crore in Q2FY25. Waaree Energies' expenses also increased to Rs 4,995.08 crore from Rs 3,164.63 crore in the year-ago period. The board of the company also approved a dividend of Rs 2 per equity share of face value of Rs 10 each for FY ending March 2026. The record date for the purpose of determining the entitlement of the shareholders for the interim dividend has been fixed as Friday, October 24, 2025, and the dividend will be paid to the shareholders on Thursday, November 06, 2025.

Cochin Shipyard to launch 3 vessels including Anti-Submarine craft for Navy

Cochin Shipyard Limited (CSL), a public-sector shipbuilder, will launch three technologically advanced vessels, including an Anti-Submarine Warfare Shallow Water Craft (ASW SWC) for the Indian Navy, here on Saturday, the company said. The other vessels to be launched are the Hybrid Electric Methanol-Ready Commissioning Service Operation Vessel (CSOV) and India's largest Trailer Suction Hopper Dredger, DCI Dredge Godavari. According to CSL, the triple launch reaffirms the shipyard's leadership in naval, commercial and green maritime segments. "These launch will showcase India's engineering excellence, indigenisation drive and commitment to sustainable maritime development under the Maritime India Vision 2030 and Aatmanirbhar Bharat initiatives," the CSL said in a statement. The ASW SWC for the Navy is the sixth vessel built under an eight-ship contract signed in April 2019. The 78-metre-long, 896-tonne craft can achieve speeds up to 25 knots and is equipped with advanced underwater

South Indian Bank Q2 net profit rises 8% to ₹351 cr, interest margin dips

South Indian Bank on Thursday reported an 8 per cent rise in its September quarter net profit at Rs 351 crore, driven by non-core income and a reduction in provisions. The private sector lender had reported a net profit of Rs 325 crore in the year-ago period. Its core net interest income declined by 8 per cent to Rs 808 crore despite a 10 per cent loan growth, because of a sharp compression in net interest margin (NIM). NIMs came down to 2.80 per cent, from 3.24 per cent in the year-ago period, and the bank's chief executive and managing director P R Seshadri said it aspires to widen the number to 3 per cent, but did not give a timeline by which it will reach there. The bank's non-interest income rose 26 per cent to Rs 516 crore during the quarter, which helped in the overall profit of the bank. Provisions and contingencies dropped by 43 per cent on-year to Rs 63 crore during the reporting period, aiding the profit growth. The gross non-performing assets ratio came down to 2.93 p

Metro Brands misses profit estimates as demand weakens before tax cuts

Metro's quarterly revenue grew about 11% to 6.51 billion rupees, helped by e-commerce sales that have grown 39% from a year ago

Tata Steel inks contract with AWIPL for operation of Air Separation Unit

Tata Steel on Thursday said it has entered into a long-term contract with Air Water India Private Limited (AWIPL) for the operation and maintenance of its Air Separation Unit (ASU) located at Jamshedpur. The onsite plant is designed to produce 1,800 tons of oxygen per day, along with nitrogen, argon, and dry compressed air. These gases will be primarily utilised in Tata Steel's Blast Furnaces and Steel Melting Shops. The unit is currently under stabilisation and is scheduled to be handed over to AWIPL next month, the company said in a statement. The 20-year contract was recently signed by Peeyush Gupta, Vice President (TQM, GSP & SC), Tata Steel, and Kausik Mukhopadhyay, Managing Director, Air Water India Private Limited. By leveraging AWIPL's extensive global expertise in cryogenic operations, including remote operational support and maintenance insights from their Japanese facilities, the collaboration is set to enhance plant efficiency and operational excellence for years to ...

BEML, Kineco partner to develop advanced composites for defence, aerospace

State-owned BEML has partnered with Kineco Ltd to work in the field of advanced composite manufacturing for defence and aerospace applications. The Memorandum of Understanding (MoU) was exchanged in the presence of BEML CMD Shantanu Roy, and Shekhar Sardessai, Founder and CMD, Kineco Limited, along with senior officials from both organisations in the national capital. As part of the collaboration, BEML and Kineco will jointly engage in the development and manufacturing of carbon fibre reinforced polymer (CFRP) structures, glass fibre reinforced polymer (GFRP) panels and components, honeycomb cores, foams, and bonding consumables for metallic detail parts. These advanced materials are integral to next-generation aerospace and defence systems, offering lightweight strength, enhanced durability, and superior performance. "By integrating Kineco's composite manufacturing expertise with BEML's engineering excellence, we aim to create world-class solutions that reinforce India's pursuit o

Cyient Q2 results: Net profit tumbles 40% to ₹1280 cr; revenue down 1%

Cyient had changed the way it reports its segment-wise revenue from the last quarter onwards, after it carved out its semiconductor business into a separate subsidiary unit

Punjab & Sind Bank Q2 results: Net profit rises 23% to ₹295 crore

The board in its meeting on Thursday also approved raising funds of ₹3,000 crore in the form of long-term infrastructure bonds in one or more tranches by March 2027

Kalpataru Q2 sales bookings rise 19% to ₹1,329 cr on strong housing demand

Realty firm Kalpataru Ltd on Thursday reported a 19 per cent increase in its sales bookings to Rs 1,329 crore during the second quarter of this fiscal on better housing demand. Its sales bookings or pre-sales stood at Rs 1,117 crore in the year-ago period. In a regulatory filing, Kalpataru Ltd informed that its sales bookings rose 43 per cent to Rs 2,577 crore during the first six months of this fiscal from Rs 1,799 crore in the corresponding period of the preceding year. Mumbai-based Kalpataru Ltd is one of the leading real estate developers in the country.

LTIMindtree Q2 net profit rises 12%, revenue up 10% on BFSI strength

LTIMindtree's deal wins for the quarter totaled $1.59 billion, compared with $1.63 billion in the previous quarter and $1.3 billion a year earlier

Snabbit shifts corporate headquarters to Bengaluru, expands leadership

The company has plans to double its workforce by 2025-26