Category : Corporate News


ACME Solar Q3 Profit Rises to ₹114 Cr, Revenue Up 54%

ACME Solar Holdings Ltd announced a 1.5% increase in Q3 FY26 net profit to ₹114 crore, with total revenues soaring 53.9% to ₹617 crore. The company declared an interim dividend and expanded its renewable energy capacity.

IndiGo, Air India, Akasa to Add 240 Aircraft in 2 Years

India's top airlines IndiGo, Air India, and Akasa Air plan to add 240 aircraft in the next two years, expanding their combined fleet by 30%. Airbus and Boeing executives highlight India as their fastest-growing market.

Asian Markets Down on AI Worries, Tech Stocks Hit

Asian markets mostly fell on Friday as AI investment concerns grew. Tech stocks declined, while gold, silver, and oil prices dropped. Indian markets also opened lower with Nifty50 and Sensex down.

Sun Pharma Q3 Preview: Innovation Drives Growth

Sun Pharma's Q3FY26 results are anticipated to show 5% YoY sales growth, driven by its innovative drug portfolio and strong 11-13% domestic market expansion, despite US margin pressures.

US Companies Slash Jobs to Reverse Pandemic Hiring Boom

Major US corporations like Amazon, UPS, and Pinterest are implementing significant workforce reductions to address overstaffing from pandemic-era hiring binges, with economic uncertainty and AI investments reshaping employment landscapes.

ONGC to Offload OPaL Stake via Global Tender

State-run ONGC plans a global tender to sell stake in subsidiary OPaL, part of government asset monetization. OPaL's FY25 revenue rose to ₹14,804 crore amid India's petrochemical growth.

Coforge Alters Encora Deal After Shareholder Pushback

Coforge Ltd removed special board nomination rights for Advent International after shareholders rejected the resolution, clearing path for $2.4 billion Encora acquisition while highlighting governance scrutiny in promoter-less firms.

Vedanta Demerger: Five New Companies to List by June

Vedanta Ltd's five-way demerger will see new entities list on stock exchanges by May-June 2024, with $6.7 billion debt allocated based on asset value and cash generation. Vedanta Aluminium to bear the largest debt share.

Budget 2026-27: ELI & SDGs for India's Maritime Vision

Efficiency-linked incentives and Sustainable Development Goals alignment emerge as crucial demands from Union Budget 2026-27 to transform India into a global maritime leader through port modernization and green initiatives.

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