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Company Updates

M&M plans massive ₹26,000 crore investment in auto industry

In Short:Mahindra & Mahindra Ltd plans to invest ₹26,000 crore in its auto business over the next three years. ₹12,000 crore will go to...

HAL reports rise in Q4 FY24 profit due to increased demand for defence aircraft

In Short:Hindustan Aeronautics Ltd (HAL) reported a 52% increase in fourth quarter profit, reaching ₹4,309 crore, due to demand from the defence ministry. The...

Compass Group unveils massive Central Kitchen in Bengaluru, spanning 29,000 sq ft

In Short:Compass Group India has opened a new central kitchen in Bengaluru to increase revenue and meal production. The company plans to serve over...

Increasing demand and stable GRMs to bolster OMCs credit profile in FY25

In Short:The demand for petroleum products is growing steadily, and the credit profile of oil marketing companies (OMCs) is expected to remain stable in...

PFC achieves record net profit of ₹26,461 crore in FY24

In Short:State-run PFC reported a 25% increase in net profit at ₹26,461 crore in FY24 due to a 14% growth in their loan portfolio....

Avendus FLF-II on track for full deployment by December: Ritesh Chandra

In Short:Avendus Future Leaders Fund will invest the remaining 17% of its ₹1,500-crore second series fund by December. The fund, launched in 2021, focuses...

Devyani International and PVR to launch joint venture for mall food court operations.

In Short:Devyani International Limited and PVR Inox have partnered to establish a new company for developing and operating food courts in Indian shopping malls....

Tata Power Group begins solar module production in TN, cell manufacturing to start soon

In Short:Tata Power Renewable Energy Ltd has started producing solar modules in Tamil Nadu, with solar cell production to follow. The new facility is...

Analysts predict high single-digit net profit growth for Airtel in Q4

In Short:Consolidation in the telecom sector has been good for Airtel, leading to improved returns. Market share gains, higher revenue, and lower costs are...

WABAG wins $49 million order in Nepal for second time

In Short:Va Tech WABAG has received a $49 million repeat order from Kathmandu Upatyaka Khanepani Ltd for wastewater treatment plants in Nepal, funded by...

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