Page 9 - Company News

AERB grants licence to NFC-Kota to fuel 700 MWe nuclear reactors

The Atomic Energy Regulatory Board (AERB) has granted an operating licence to the Nuclear Fuel Complex-Kota, which is designed to provide fuel to 700 MWe Pressurised Heavy Water Reactors. The facility in Rajasthan's Rawatbhata has a licensed annual capacity of 500 metric tonnes of natural uranium dioxide (UO2) fuel bundles. "The proposed activity of operation can be carried out in compliance with this license without undue risk to workers, the public and the environment," said the AERB in an order issued last week. The operation licence was granted after the AERB conducted a detailed safety assessment under its regulatory framework. "The activities at NFC-Kota are of low hazard category. The systems required for radioactive waste management and prevention of spread of contamination during operation are available. The application, the subsequent submissions and the review carried out have shown that the associated safety aspects have been adequately addressed," said the AERB. The .

Dr Lal Path Labs Q4 FY26 results: Profit down 15.5%, revenue up 16.6%

Consolidated net profit fell to 1.31 billion rupees ($13.8 million) in the quarter ended March, from 1.55 billion rupees a year earlier

Nalco Q4 FY26 results: Net profit falls 16.6% to ₹1,722 cr, revenue dips

State-run Nalco on Thursday reported a 16.6 per cent drop in consolidated net profit to Rs 1,722.44 crore for the quarter ended March 31, 2026, on the back of lower revenue and higher expenses. The company had posted a consolidated profit of Rs 2,067.23 crore in the year-ago period. Revenue declined to Rs 5,012.82 crore in the fourth quarter of FY26, compared to Rs 5,267.83 crore in the year-ago period, National Aluminium Company Ltd (Nalco) said in a filing to the stock exchanges. Total expenses of the Navratna public sector undertaking rose to Rs 2,898.30 crore as against Rs 2,633.80 crore in the year-ago period. The company's board also approved the third interim dividend of Rs 2 per equity share, amounting to Rs 367.33 crore for 2025-26. "Consequent to the introduction of the New Labour Codes w.e.f November 21, 2025, pending the promulgation of rules in this regard, the company, on a provisional basis, assessed its obligation and provided for Rs 20.30 crore during the current

Adani Enterprises Q4FY26 results: Net loss of ₹167 cr on depreciation costs

The company's total income for the quarter stood at ₹33,187.11 crore, up from ₹27,601.64 crore a year ago, according to its audited financial results

HFCL Q4 FY26 results: Record net profit of ₹184 crore, revenue doubles

Telecom gearmaker HFCL has reported highest-ever consolidated profit of Rs 184.45 crore in the fourth quarter ended March 31 on account of surge in overseas business supported by new products and augmenting capacities. The company had posted a loss of Rs 83.3 crore in the same period a year ago. HFCL said that improvement in financial performance was driven by a favourable shift in revenue mix towards products, an increasing share of exports, and improved realisations in high fiber-count optical fiber cables. The consolidated revenue from operations more than doubled to Rs 1,824.12 crore during the reported quarter from around Rs 801 crore in the March 2025 quarter. HFCL recorded the highest-ever order of Rs 21,206 crore which is more than double compared to the order book of Rs 9,967 crore it reported at the end of financial year (FY) 2025. The company's optical fiber cable (OFC) also recorded the highest-ever order book of Rs 13,483 crore. HFCL Managing Director Mahendra Nahata

Edelweiss Financial Q4 FY26 results: Net profit falls 17% to ₹132 crore

Edelweiss Financial Services on Thursday reported a 16.65 per cent decline in its consolidated net profit to Rs 132 crore for the March quarter. The company posted a net profit of Rs 158.32 crore in the year-ago period. Its total income declined to Rs 1,969.28 crore during the quarter from Rs 2,343.26 crore in Q4 FY25, Edelweiss Financial Services said in a statement. The company's board recommended a dividend of Rs 1.50 per share, subject to declaration by the members at the forthcoming annual general meeting. For the full financial year ended March 31, 2026, the financial services firm reported a net profit of Rs 680.46 crore, up from Rs 536 crore in FY25. The total income increased to Rs 10,865 crore in FY26 from Rs 9,516 crore in the previous fiscal. EAAA India Alternatives, an arm of Edelweiss Financial Services, which recently received approval from markets regulator Sebi to float its initial public offering, said it is on track for its listing journey. Shares of Edelweiss

IDBI Bank Q4 FY26 results: Net profit falls 5% to ₹1,943 crore, NII up

IDBI Bank on Thursday reported a 5 per cent decline in net profit to Rs 1,943 crore for the March quarter of FY 2025-26. The LIC-controlled bank had posted a net profit of Rs 2,051 crore in the year-ago period. Its net profit was impacted by a fall in operating profit to Rs 3,043 crore from Rs 3,195 crore a year ago. However, its total income rose to Rs 9,409 crore in the period under review from Rs 9,035 crore in January-March of the preceding fiscal. At the same time, interest income increased to Rs 7,798 crore during the period under review from Rs 6,979 crore in the corresponding quarter a year ago. The net interest income (NII) in the quarter also improved to Rs 3,851 crore compared to Rs 3,290 crore in Q4 FY25. On the asset quality side, the bank's gross non-performing assets (NPAs) improved to 2.32 per cent of gross advances as of March 31, 2026, from 2.98 per cent reported at the end of March 2025. Net NPAs remained flat at 0.15 per cent of the advances at the end of Mar

Oolka raises $14 mn in Series A funding to build AI-driven financial agents

Accel-led funding round backs Oolka's plan to scale AI financial agents and expand into a full-stack consumer finance platform in India

Local growth powers Maruti Suzuki India outlook despite margin pressure

Maruti Suzuki shares rose after a strong Q4 performance, with analysts positive on domestic demand outlook despite near-term pressure on margins from higher costs.

Invesco Asset Management lines up SIF, GIFT City bets in expansion drive

Invesco plans to expand distribution, enter new product segments, and seek a GIFT City licence as it charts its next phase of growth after a recent ownership change

Rajiv Bajaj to step down as Bajaj Finance director after end of term

The Bajaj scion will cease to be a non-executive director at the conclusion of the annual general meeting scheduled for July 30, 2026, at the close of business hours

Ramky Estates acquires 4.3 msf Skylark projects, eyes ₹2,000 crore

Ramky Estates has acquired stalled Skylark residential projects in Bengaluru, aiming to revive construction, ensure delivery, and unlock revenue potential of around Rs 2,000 crore

Flipkart adds senior hires as it prepares for potential IPO next year

Flipkart has appointed senior leaders in legal and corporate development, strengthening governance and strategic capabilities as it prepares for its next growth phase and a potential IPO

Bajaj Finance Q4 FY26: Net profit rises 23% Y-o-Y to ₹4,840 crore

Profit before tax came in at ₹6,484.34 crore during the quarter, while total expenses were ₹11,946.30 crore

Indian VCs build 'bridges to America' as AI startups look westward

Venture capital firms in India are creating structured programmes to help AI startups enter the US market, offering capital, relocation support, and access to networks and customers

Adani Power Q4 FY26 results: Net profit jumps 64% Y-o-Y to ₹4,271 crore

Profit before tax came in at ₹4,383.98 crore, while total expenses were ₹11,605.11 crore during the quarter

Sebi extends ring-fencing deadline for DTs; Peak XV exits MobiKwik

The transaction marks the firm's complete exit from the Gurugram-based fintech, where it was an early institutional investor

Musk lawyer says OpenAI stole charity as high-stakes trial begins

A defense lawyer will make an opening statement later on Tuesday. Musk, Altman and Brockman attended the trial

US ends probe into claims WhatsApp chats were reportedly not private

Through much of 2025, the special agent had been looking into claims that some Meta employees and contractors could see the content of encrypted WhatsApp messages

BP profit more than doubles as Iran conflict boosts oil trading profits

BP suspended its share buyback program in February to clear the decks for the incoming CEO, and that was maintained