Page 9 - Company News

Coal India doubles solar capex to ₹961 crore, surpassing FY26 targets

Coal India has more than doubled its solar capex to ₹961 crore this fiscal, exceeding full-year goals as it advances its 3,000 MW renewable capacity plan and scales up participation in solar auctions

In-Solutions Global gets RBI's nod for domestic & cross-border PA

In-Solutions Global Ltd (ISG) on Monday announced that it has received regulatory authorisation from the Reserve Bank of India (RBI) across all three Payment Aggregator categories - online, physical or offline and cross-border. The approval was granted under the latest RBI Master Directions for 2025-26. With these approvals, ISG joins a select group of non-bank ecosystem players enabled to support merchant payments across domestic and international channels through a unified and fully compliant framework, the company said in a statement. Together, the three licences allow ISG to offer enterprises, banks, marketplaces and digital platforms a single payment aggregation stack capable of managing online transactions, in-person payments and cross-border import-export flows within a unified onboarding and settlement environment. Adelia Castelino, Co-founder and Managing Director, ISG said, "As India's digital commerce and cross-border trade accelerate, merchants and financial institution

Reliance Retail to pilot search-discovery platform in multi-channel push

Reliance's online grocery delivery ‌service JioMart expanded to compete in the 10-minute delivery segment in 2025

Denta Water and Infra Solutions order book crosses ₹841 crore in December

Denta Water and Infra Solutions on Monday said that it has secured orders worth Rs 377.31 crore during the April-December period this fiscal year, taking its total order book to Rs 841.48 crore. The company has also secured two projects in the capacity of a subcontractor and holds an L1 (lowest bidder) position in two projects, subject to final approvals, Denta Water and Infra Solutions said. According to a company statement, Denta Water and Infra Solutions has a healthy order book of around Rs 841.48 crore as on December 31, 2025, providing revenue visibility in the coming quarters across irrigation, urban water supply and wastewater management projects. For the nine months of FY26, the company secured fresh orders worth Rs 377.31 crore, including Rs 161.12 crore in the October-December quarter. Chairman C Mruthyunjaya Swamy said, "We continue to see healthy traction across irrigation, drinking water and wastewater management projects, supported by a robust order book and expandin

magicpin eyes 20M active users in 2026, food delivery to drive growth: CEO

magicpin aims to grow its active user base to 20 million in 2026 with food delivery as a key growth driver, the hyperlocal platform's CEO and Founder Anshoo Sharma said on Sunday. The company crossed 15 million active users last year across various categories including e-commerce, ticketing and food delivery, is focusing on the value conscious segment for further expansion of its food delivery vertical, Sharma told PTI in an interview. "Our focus is on building value-conscious food delivery users who order frequently and engage habitually. We aim to grow our active user base to 20 million in 2026 with food delivery as a key growth driver, particularly among students and first-time job seekers," Sharma said. A majority of the active 15 million users on the platform belong to the value-conscious segment in India's major cities in the age group of 18-35 years. Food delivery continues to be the primary growth driver, supported by higher repeat users and increasing cross-category ...

Zuari Industries Q3FY26 results: Net loss at ₹26.42 cr; revenue up 10%

Zuari Industries has reported a net consolidated loss of Rs 26.42 crore for the third quarter of the 2025-26 fiscal, driven by higher expenses. The company had posted a net loss of Rs 25.23 crore in the same quarter of the previous year, according to a regulatory filing on Friday. Its total income rose to Rs 301.4.8 crore during the October-December quarter of the 2025-26 fiscal from Rs 274 crore in the year-ago period. Expenses remained higher at Rs 334.24 crore against Rs 312.75 crore a year ago. "The third quarter reflects steady operational progress across our Sugar, Power and Ethanol division, supported by strong on-ground execution during the crushing season," its Managing Director Athar Shahab said.

GRSE commences production of two coastal research vessels for GSI

Defence PSU Garden Reach Shipbuilders and Engineers (GRSE) Ltd on Saturday commenced the construction of two coastal research vessels (CRV) for the Geological Survey of India (GSI), an official statement said. The ceremonial steel cutting, marking the commencement of the construction of the ship, was held in the presence of GSI Director General Asit Saha and senior officials from GRSE and the Indian Armed Forces. The research vessels, each having a length of 64 metres and a width of 13 metres, will have capabilities to carry out offshore geological mapping, mineral exploration (including dredging), ocean environment monitoring and research, the statement said. "They will have modern, well-equipped scientific laboratories on board for data processing and sample analysis," it said, adding that these ships will operate within the exclusive economic zone (EEZ) of India. The defence shipyard, which also builds research and survey platforms, is currently building an ocean research vessel

Newspace India Limited signs deal to resell GalaxEye satellite products

NewSpace India Limited (NSIL), the commercial arm of the Department of Space, will resell the products of Bengaluru-based private space technology company GalaxEye under an agreement signed by the two entities, officials said on Saturday. The products include advanced satellite imagery solutions, such as SyncFused OptoSAR data products, which are designed to deliver insights across critical sectors, including agriculture, disaster management, and natural resource management. "Collaborating with NSIL allows us to bring advanced Earth observation capabilities to a wider set of users while contributing to India's strategic and developmental priorities," Suyash Singh, co-founder and CEO of GalaxEye Space. According to officials, the agreement made GalaxEye the first private Indian satellite operator to formally collaborate with NSIL under a data reseller partnership agreement. "Beyond commercial impact, the reseller agreement is a milestone in India's space policy, where government bod

Southern Petrochemicals Q3 result: PAT rises to ₹54 cr, revenue falls 5.5%

Southern Petrochemicals Industries Corporation Ltd has reported a consolidated net profit after tax of Rs 54.07 crore for the October-December 2025 quarter, the company said on Saturday. The city-based agri-nutrient and fertiliser company had earned a net profit of Rs 38.50 crore during the corresponding quarter of the last financial year. Net profits after tax for the nine month period ending December 31, 2025, surged to Rs 182.01 crore, from Rs 136.22 crore registered in the year ago period, a company statement here said. The total income from operations for the quarter under review fell to Rs 778.39 crore, from Rs 823.23 crore registered in the year ago period. For the nine month period ending December 31, 2025, the total income went up to Rs 2,419.36 crore, from Rs 2,340.82 crore registered in the year ago period. In an update, the company said a sum of Rs 20.10 crore included in the other income for the nine month ended December 31, 2025, pertains to claim on loss of profits

Mahindra LMM bets on e-autos as Udo launch targets next EV growth phase

LMM expects the electrification rate among three-wheelers to rise to 55-60 per cent by 2030 from 35 per cent at present

PFC, REC say merger transition smooth; merged firm to have 20% exposure cap

Power financiers say post-merger single-entity exposure limit will be 20%, expect adequate headroom for borrowings and smooth transition

ONGC's Q3 FY26 results: Net profit increases 22% to ₹11,946 crore

ONGC's board of directors declared second interim dividend of ₹6.25 per equity. The total payout would be ₹7,863 crore for the dividend

Petronet LNG Q3 FY26: Net profit rises 5% on higher capacity utilization

Petronet LNG Ltd, India's biggest liquefied natural gas importer, on Thursday reported a 5 per cent rise in the December quarter net profit as usage at its Kochi terminal rose to an all-time high. Net profit of Rs 848 crore in October-December 2025 - the third quarter of the current 2025-26 fiscal year - compared with Rs 806 crore earnings in the same period a year back, a company statement said. The company which operates two facilities at Dahej in Gujarat and Kochi in Kerala for import of natural gas in its liquid form (LNG), saw overall volume throughput rise by 2 per cent to 228 trillion British thermal units. "Capacity utilisation of the (17.5 million tonnes a year) Dahej terminal stood at 94 per cent in the current quarter, up from 92 per cent in the previous quarter and 93 per cent in the corresponding quarter," it said. "The (5 million tonnes a year) Kochi terminal achieved the highest ever capacity utilization of 29 per cent in the current quarter. Kochi operations have be

Honasa Consumer Q3 FY26 result: Profit up 93%, focus categories shine

Honasa Consumer Ltd, which owns FMCG brands such as Mamaearth and The Derma Co, on Thursday reported a 92.9 per cent jump in its consolidated profit at Rs 50.2 crore in the December quarter of FY26. It logged a profit of Rs 26.02 crore in the October-December period a year ago, according to a regulatory filing. Honasa Consumer's revenue from operations was up 16.23 per cent to Rs 601.54 crore in the December quarter of FY26. The revenue was at Rs 517.51 crore in the corresponding quarter a year ago. According to the company, the third-quarter revenue is "the highest-ever quarterly revenue for the company". Total expenses of Honasa Consumer were at Rs 550.31 crore, up 8.47 per cent. Its focus categories delivered growth of over 25 per cent, driven by strong demand. "Mamaearth returned to double-digit growth during the quarter, supported by product superiority and sharpened investment, resulting in market share gains and traction in focus categories," the company said in its earnin

Jagran Prakashan Q3 FY26 result: Net profit falls 12%, revenue down 8%

Jagran Prakashan Ltd, the publisher of Hindi daily Dainik Jagran, on Thursday reported a decline of 12 per cent in its consolidated net profit to Rs 55.16 crore in the December quarter of FY26. The company registered a net profit of Rs 62.71 crore in the October-December period a year ago, according to a regulatory filing from Jagran Prakashan Ltd (JPL). Its revenue from operations was down 7.7 per cent to Rs 476.71 crore in the December quarter. It was at Rs 516.50 crore in the corresponding quarter a year ago. JPL's total expenses were down 5.32 per cent to Rs 431.28 crore in the December quarter of FY26. Total income of JPL, which includes other income, in the December quarter was down 6.16 per cent to Rs 504.50 crore. Its revenue from printing, publishing and digital was at Rs 370.17 crore, down 6.41 per cent in the third quarter of FY26. JPL's revenue from the FM radio business was down 28.9 per cent to Rs 46.47 crore in Q3 of FY26. However, revenue from other segments, whi

SpiceJet swings to ₹262 cr loss in Dec quarter on labour codes, weak rupee

Budget carrier reports Q3FY26 loss as labour code impact, grounded aircraft, airspace curbs and weaker rupee weigh on performance

Coal India Q3 profit falls 16% on lower volumes, softer realisations

CIL reports Rs 7,166 crore profit in Q3FY26, down 16% YoY, as offtake declines and revenue slips 5% amid softer realisations

Bombay High Court disposes final writ against WeWork India's IPO

The court also disposed of the accompanying interim application seeking amendment of the writ petition, without granting liberty to refile

Coal India Q3 FY26: Net profit drops 16% to ₹7,157 crore on lower sales

State-owned CIL on Thursday reported a 15.8 per cent decline in consolidated net profit at Rs 7,157.45 crore in the quarter ended December 2025, amid lower sales and higher expenses. Coal India Ltd (CIL), which accounts for 80 per cent of domestic coal output, logged a consolidated net profit of Rs 8,505.57 crore in the year-ago period. In a filing to BSE, the Maharatna firm said that its sales dropped to Rs 30,818.17 crore from Rs 32,358.98 crore in the corresponding quarter of the previous fiscal. The consolidated expenses of the company during the reporting third quarter increased to Rs 28,132 crore compared to Rs 27,280 crore in the year-ago period, CIL said. The board of directors has declared a third interim dividend of Rs 5.50 per equity share for the financial year 2025-26. The first and second interim dividends of Rs 5.50 and Rs 10.25 per equity share were declared in July and October, respectively. In the first nine months of the current financial year, the company prod

Mahindra to invest ₹196 crore to expand Chennai-based R&D facility

Mahindra & Mahindra on Thursday said it will invest around Rs 196 crore to expand its Chennai-based research and development facility. The Mumbai-based auto major said it is committing the investment which is aimed at augmenting Mahindra Research Valley's (MRV) capabilities to support advanced vehicle design, product engineering and future technology developments. "This marks a significant step in its allegiance towards enhancing R&D and focusing on Make In India. The commitment of fresh investments at the facility will strengthen the company's engineering and testing capabilities in the region and it will reinforce Chennai's role as a strategic hub for research and innovation," the automaker said in a statement. The facility will be up and running within this calendar year, it added. The Advanced Research & Development Centre and new testing infrastructure are expected to provide enhanced capabilities for next-generation platforms across multiple vehicle segments, it ...