Company News

Glenmark Q3 profit rises 15% on strong market performance; Revenue up 15%

Pharma major reports double-digit growth in Q3 as India and North America lead performance, though profit and revenue declined sequentially

Nestle India sees strongest volume growth in 5 years; profit surges 45%

FMCG major reports 45.1% year-on-year jump in Q3 FY26 net profit, driven by volume-led sales growth, with confectionery and beverages leading performance

Google India profit flat at ₹1,437 crore in FY25 as revenue dips 3.2%

Google India's standalone profit stayed flat at ₹1,436.9 crore in FY25 as revenue dipped and employee and tax expenses rose

EV maker Ola Electric to cut about 5% of workforce in restructuring

The Bhavish Aggarwal-led EV maker is pursuing a turnaround strategy focused on improving service delivery and increasing automation across front-end operations

Meesho swings to ₹490 crore Q3 loss as costs outpace revenue growth

Recently listed e-commerce firm reports higher logistics, employee and restructuring costs in the December quarter despite strong revenue growth

Paytm wants to tackle UPI concentration risk via organic tech plans

Paytm CEO Vijay Shekhar Sharma says company aims to reduce concentration risk in UPI through technology-led growth as its market share by volume and value rises

Ola Electric to cut 5% of workforce amid automation, profitability push

Ola Electric said it would lay off around 5 per cent of its workforce as part of a restructuring aimed at boosting profitability through greater automation

Niva Bupa aims to turn profitable in Q4 FY26: CFO Mahendra Vishwanath

Health insurer expects profitability in the March quarter as impact of accounting norm changes eases, with Indian-GAAP numbers set to converge with IFRS

Godrej Properties acquires 8.5-acre Pune land, eyes ₹2,000 cr revenue

The real estate developer plans group housing on the land parcel in the Mahalunge-Hinjewadi micro-market, with a developable potential of about 2.1 million sq ft

Apple to open second Mumbai store soon as it expands India retail

India to get its sixth Apple Store as the iPhone maker accelerates retail expansion, with a second Mumbai outlet planned in the coming months

ITC to roll out freshness-led packaged foods via e-commerce platform

The FMCG major is piloting freshness-led packaged foods through its food-tech cloud kitchens, leveraging e-commerce platforms as it sharpens its premiumisation strategy

Dr Lal PathLabs Q3 net profit falls 6.4% on new labour code impact

Diagnostics major reports a one-time charge linked to new labour codes even as revenue rose over 10% on higher sample volumes and network expansion

BPCL seeks $10-12 per barrel discount on Venezuelan crude for viability

The refiner is now able to process heavy Venezuelan crude at its Kochi and Bina refineries, following upgrades that have enhanced the complexity of its refining system

CareEdge Ratings changes outlook for Vodafone Idea to positive from stable

AGR dues relief, improved operating performance and a large upcoming capex plan prompt the ratings agency to revise its outlook on the telecom operator

IBM signs 10-year lease for 230,000 sq ft office space in Gurugram

US technology major leases space at Tata Realty's Intellion Park as demand for offices in tier-I cities stays strong and absorption continues to outpace new supply

Godrej Properties buys 8.5 acre land in Pune for ₹2k cr housing project

In a regulatory filing, Godrej Properties informed that it has acquired a 8.5-acre land parcel through outright purchase at Mahalunge, Pune

Bangladesh appoints UK law firm to arbitrate coal pricing with Adani Group

The development came in less than a week, within five days of the committee submitting its final report detailing power sector agreements

Groww, Edelweiss among bidders for Prudential's India asset management arm

PGIM Inc. is looking to sell its loss-making India asset management unit after seeing little meaningful expansion since it acquired the business from Deutsche Bank AG a decade ago

Maruti Suzuki onboards 5 early-stage startups to create new tech solutions

The initiative is part of the company's strategy to stay ahead of the technology curve by implementing technology-based solutions

Vedanta targets listing demerged units on Indian exchanges by mid-May: CFO

Vedanta's restructuring will spin off 4 businesses - steel and ferrous metals, oil and gas, aluminium, and power - into separately listed companies, while its base metals ‌unit will remain with parent