Page 7 - Company News

Infosys expands partnership with Metsa for AI-ready IT transformation

The IT services company will manage end-to-end IT operations across Metsä Group's global business, including cloud, applications, workplace services and service desk support.

Mindspace Reit Q1 results: Net operating income rises 28% to ₹788 crore

Higher rental income, acquisitions and sustained occupancy helped the K Raheja Corp-backed Reit report strong growth in the June quarter

Brigade Hotel posts 140% rise in Q1 profit on debt repayment gains

The hotel company reported a sharp rise in June-quarter profit as debt repayment reduced finance costs, while higher room rates and occupancy offset weaker food and beverage demand.

Marico bets on premiumisation to achieve ₹20,000 crore revenue by 2030

The FMCG maker plans to strengthen its core portfolio, expand premium offerings, scale foods and digital brands, and sustain international growth to achieve its 2030 revenue target

Anthropic appoints Mariano-Florentino Cuellar as first global affairs chief

Cuellar's appointment comes as Anthropic faces Pentagon restrictions, export controls and increasing global debate over AI governance and national security

Aramco Q2 net jumps 44% to $32.69 bn amid Strait of Hormuz crisis

The Saudi energy major posted robust quarterly earnings as higher prices offset conflict-related disruptions, while flagging continued risks to refining, shipping and global energy security

Ardee Industries raises ₹128 cr from anchor investors ahead of IPO

Ardee Industries Ltd, a leading firm in secondary metals and circular economy sectors, on Tuesday raised Rs 128 crore from anchor investors ahead of its IPO, which will open for subscription on Wednesday. The company allotted 2.41 crore equity shares to anchor investors at Rs 53 apiece, the upper end of the initial public offering (IPO) price band, according to a circular uploaded on the BSE website. The anchor book saw participation from Bank of India Mutual Fund, Ashish Kacholia-led Bengal Finance & Investment Pvt Ltd, Rohit Kothari-led Winro Commercial (India) Ltd, The Wealth Company Alternates Trust, India Max Investment Fund Ltd, Cognizant Capital Dynamic Opportunities Fund, IMAP India Capital Investment Trust and Catalyst New India Fund. The company's IPO will open on August 5 and conclude on August 7. The price band has been fixed at Rs 50-53 per equity share for the issue, valuing the company at Rs 1,671 crore. Last week, Ardee Industries completed a pre-IPO secondary ...

BSE Q1 net profit jumps 62% to ₹873 crore on strong revenue growth

Leading stock exchange BSE Ltd on Tuesday reported a 62 per cent jump in consolidated net profit to Rs 872.66 crore for the quarter ended June 2026, driven by strong revenue growth. The exchange had posted a net profit of Rs 538 crore in the same quarter of the preceding fiscal. BSE's total income surged 63 per cent to Rs 1,706.72 crore in the June quarter from Rs 1,044.45 crore in the year-ago period, according to a regulatory filing to the NSE. On a sequential basis, net profit increased nearly 10 per cent from Rs 795.47 crore in the March 2026 quarter, while total income rose from Rs 1,630 crore. The exchange's total expenses climbed to Rs 536.69 crore in the June quarter from Rs 359.34 crore a year ago. Among key expenses, regulatory contribution stood at Rs 192.78 crore, clearing and settlement expenses at Rs 90.28 crore, employee benefit expenses at Rs 87.05 crore and technology costs at Rs 60.82 crore.

MapmyIndia Q1 profit rises 8.6% to ₹49.7 cr; revenue climbs 14.9%

Homegrown navigation firm CE Info Systems, which operates under the MapmyIndia brand, posted an 8.6 per cent increase in consolidated profit to Rs 49.7 crore in the first quarter ended June 30, 2026, the company said on Tuesday. The company had posted profit after tax of Rs 45.8 crore in the same period a year ago. The revenue from operations of MapmyIndia grew by 14.9 per cent to Rs 139.7 crore during the reported quarter from Rs 121.6 crore in the year-ago period. MapmyIndia Chairman and Managing Director Rakesh Verma said FY27 started with another quarter of profitable growth while continuing our evolution into India's leading AI-powered deep-tech digital map data, geospatial software, and location-based IoT company. "Our performance reflects the continued strength and moat of our products, platforms, APIs and solutions, alongside disciplined execution and continuously growing trust of customers across automotive, enterprise and government segments," he said. During the quarter

Persistent Systems upbeat on banking, insurance to drive growth: CEO

Strong deal wins across the US and Europe are expected to offset weakness in parts of the healthcare business, while the Nagarro acquisition will strengthen its Europe presence.

HFCL to invest ₹400 cr to expand optical fibre cable manufacturing capacity

Telecom equipment maker HFCL on Tuesday announced that its board has approved a fresh investment of approximately Rs 400 crore to expand its optical fibre and optical fibre cable manufacturing capacities. The proposed expansion will be funded through a mix of internal accruals and debt, and is expected to be completed by July 2028. "In view of the company's strong order book for optical fiber cable (OFC) and optical connectivity products, a strong pipeline of additional business opportunities expected to materialise over the near to medium term, and the favourable long-term demand outlook globally, the Board of Directorshas approved a further expansion of the Company's Optical Fiber and Optical Fiber Cable manufacturing capacities with a total capital outlay of approximately Rs 400 crore"HFCL stated in a regulatory filing. HFCL noted that the demand is being propelled by several factors, including Artificial Intelligence (AI) infrastructure, hyperscale data centres, cloud computin

DLF confident of meeting ₹20K cr FY27 pre-sales target despite weak Q1

Developer says weak first-quarter bookings reflected deferred launches and expects projects in Gurugram, Mumbai and Goa to help achieve its FY27 sales target.

Aditya Birla Health bets on young adults to drive health insurance growth

Eyeing a large untapped opportunity in the young adult segment, Aditya Birla Health Insurance Company Ltd (ABHICL) on Tuesday launched a health insurance plan targeted at people aged 25-35 years, where penetration is below 15 per cent even though the cohort makes up about 65 per cent of India's population. The standalone health insurer introduced Activ Yuva, a wellness-focused health insurance product designed to keep customers engaged beyond hospitalisation through rewards linked to healthy lifestyle habits such as nutrition, fitness and sleep. "We see a significant opportunity in the 25-35 age segment. While they account for nearly 65 per cent of the country's population, their share in health insurance is less than 15 per cent," ABHICL Chief Executive Officer Mayank Bathwal said. ABHICL is a JV between Aditya Birla Capital Ltd and Momentum Group of South Africa. Bathwal said the company expects to grow faster than the health insurance industry, although he declined to provide a

Keystone Realtors' Q1 profit jumps over threefold on higher revenue

The Mumbai-based developer's profit surged on higher revenue and margins, while it retained its ₹8,000-crore launch pipeline despite higher construction costs

Sarvam AI set to raise ₹700 crore in Nvidia-led funding round: Report

The latest funding round will value Sarvam AI at around $1.51 billion post-money, bringing its total funding to nearly $349 million.

West Asia conflict weighs on Jindal Stainless' Q1 sales, says MD

Chief Executive Officer Tarun Khulbe said both the Odisha and Hisar plants were affected as restrictions on LPG availability and logistical disruptions constrained operations

Adani plans ₹1.5 trillion investment in Odisha nuclear power projects

The group has proposed two nuclear power plants, a thermal power station and pumped storage projects, with the plan to undergo detailed scrutiny before any approval

Restaurant Brands Asia Q1 loss narrows to ₹28.35 crore as revenue rises 18%

Burger King operator reports its strongest same-store sales growth in 15 quarters as revenue rises 18% and Inspira Global completes acquisition of a controlling stake

Torrent Power posts 11% drop in Q1 profit amid higher finance costs

Revenue rose 3%, while higher finance costs and LNG supply disruptions weighed on earnings. The company completed the acquisition of Nabha Power during the quarter

DLF Q1 FY27 result: Profit rises 4% to ₹794 cr despite 46% income fall

Realty major DLF Ltd on Monday reported a 4 per cent increase in its consolidated net profit to Rs 793.90 crore for the quarter ended June despite a fall in total income. Its net profit stood at Rs 762.67 crore in the year-ago period. Total income declined to Rs 1605.56 crore in the first quarter of the 2026-27 fiscal from Rs 2,980.88 crore in the corresponding period of the preceding year, according to a regulatory filing. DLF is the country's largest real estate developer in terms of market capitalisation.