RBI ECL Norms Unlikely to Disrupt NBFC Sector
A report suggests that the RBI's extended expected credit loss norms will not materially disrupt NBFCs, as the sector is largely compliant with the new regulations.
Category : Corporate News
STL Reports Resilient FY26 Results, AI Data Centre Drives Growth
STL delivered a resilient FY26 performance driven by AI data centre business, which emerged as a key growth engine amid challenging market conditions.
Sunil Munshi Appointed CEO of Denave
Sunil Munshi has been appointed as the Chief Executive Officer of Denave, a global sales enablement company. He brings over 25 years of experience in sales and marketing.
Vedanta Demerger: Anil Agarwal's Firm to Split into 5 by 2026
Vedanta Ltd announces demerger into five independent companies, including metals, power, and aluminium. Shareholders to get proportionate shares in each entity. Expected completion by 2026.
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Cognizant Buys Astreya for $600M, Begins Restructuring
Cognizant acquires AI infrastructure firm Astreya for $600M, launches Project Leap with $230M-$320M costs, impacting thousands of jobs globally.
Heineken's Hyderabad GCC: Key to Global Strategy and Growth
Heineken's new Global Capability Centre in Hyderabad is a strategic move to streamline operations, leverage talent, and drive growth in India and beyond, with plans to employ up to 4,000 by 2030.
Telangana Releases Rs 1,000 Crore for Govt Employees
Telangana government releases Rs 1,000 crore to clear pending GPF dues of retired employees and other benefits, fulfilling a promise and increasing monthly allocation from Rs 700 crore.
Builders Seek Common FAR Norms for Mysuru
Builders in Mysuru have submitted a memorandum to the MCC commissioner seeking uniform Floor Area Ratio norms to support planned urban growth and streamline regulations.
Odisha Proposes 190 EV Charging Stations in Six Cities
Odisha proposes 190 EV charging stations in six cities under PM E-DRIVE scheme. BHEL is the implementing agency. Site surveys have begun to assess feasibility.
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Govt Working on Third Jan Vishwas Bill to Simplify Business
Commerce Minister Piyush Goyal announced the third Jan Vishwas Bill focusing on simplifying procedures, reducing compliance, and easing business operations, beyond decriminalising minor offences.
Cognizant Q1 Revenue Up 6% to $5.41B, Margin to Expand
Cognizant reported a 6% revenue increase to $5.41 billion in the March quarter. The company forecasts full-year 2026 Adjusted Operating Margin of 16.0%-16.2%, marking 20-40 bps expansion.
Bank Credit Growth at 17.1% in FY26, West Asia Crisis Hits Outlook
India's bank credit growth remains robust at 17.1% in FY26, but the West Asia crisis casts a shadow on near-term lending prospects, according to a government report.
Cholamandalam MS Insurance FY26 PBT Rs 445 Crore
Cholamandalam MS General Insurance reported profit before tax of Rs 445 crore for FY26 and Rs 99.25 crore for Q4. Gross written premium grew 6.9% annually to Rs 8,904 crore.
Bamul to send 2 lakh kg Nandini ghee to Tirupati monthly
Karnataka's Bamul will supply 2 lakh kg of Nandini ghee every month to Tirupati's Sri Venkateswara temple, boosting dairy farmers' income.
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Iran Crisis: India Must Boost Indigenous Chip Design
Sanjay Gupta of L&T says the Iran crisis is a wake-up call for India to accelerate indigenous semiconductor design and reduce reliance on imports.
Vedanta Posts Record Revenue, Profit in FY26; Q4 Profit Up 89%
Vedanta Ltd. reported record revenue and net profit for FY26, with quarterly profit surging 89% YoY. The mining giant's strong performance was driven by higher metal prices and operational efficiencies.
FNP Unveils Mother's Day 2026 Collection for Thoughtful Gifts
FNP introduces its Mother's Day 2026 collection, offering personalized gifts like flowers, cakes, and hampers to celebrate every mother's love uniquely.
Magellanic Cloud $11M UAV JV for Make in India Defence
Magellanic Cloud Limited has announced an $11 million joint venture to manufacture UAVs, aligning with India's Make in India defence initiative and boosting indigenous drone production.
Ningbo Eco Integration at SCO Forum
Ningbo's ecological integration model was highlighted at the SCO forum, demonstrating sustainable urban development and green practices for regional cooperation.
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Trivana by GHR USM South Hyderabad Gets IGBC Gold
Trivana, a boutique villa community in South Hyderabad, has earned the IGBC Pre-Certified Gold rating, highlighting its commitment to sustainable and eco-friendly construction.
SRM Autism Conference 2026: Tech Meets Human Care
The SRM Autism Conference 2026 calls for integrating technology with human-centred care to improve autism support and intervention strategies.
Vedanta Q4 Profit Jumps 89% to Rs 9,352 Crore
Vedanta Ltd reported an 89% jump in consolidated profit after tax to Rs 9,352 crore for Q4 FY26, driven by higher sales volumes, rising global metal prices, and a weaker rupee.
Kochi to Host South India's Biggest Business Confluence 2026
Kochi will host The Profit Tusker Summit 2026, South India's largest global business event, featuring over 200 speakers and 5000 attendees from 50+ countries.
Govt Denies Viral Fuel Price Hike Claim, Calls It Fake
The government has refuted a viral social media claim about a fuel price hike, terming it completely fake and baseless. Officials urge citizens to verify information from official sources.
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Sony India and LIV Golf Sign Broadcast Deal for 2026
Sony Pictures Networks India has partnered with LIV Golf to broadcast the 2026 season, bringing exclusive coverage of the Saudi-backed league to Indian audiences.
India's Quality Leap: IFQM Leads CXO Study Mission to Japan
IFQM partners with JUSE to lead a CXO study mission to Japan, aiming to boost India's quality standards through learning from Japanese excellence.
Indian Oil Firms Face Losses on Petrol, Diesel Amid Rising Crude
Indian oil marketing companies are incurring losses of Rs 14 per litre on petrol and Rs 18 per litre on diesel due to capped retail prices, with LPG under-recoveries projected to hit Rs 80,000 crore by FY2027.
FMCG Stock Targets Rs 20,000 Crore Revenue by FY30
An FMCG company has set an ambitious target of achieving Rs 20,000 crore in revenue by fiscal year 2030, driving investor interest in its stock.
TAVI: Life-Saving Breakthrough for Aortic Stenosis Patients
Transcatheter Aortic Valve Implantation (TAVI) offers a minimally invasive option for aortic stenosis patients, reducing recovery time and expanding treatment access.
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76% of India Real Estate Inflows from Domestic Investors in Q1 FY26
In Q1 FY26, domestic investors contributed 76% of total institutional inflows into Indian real estate, totaling $1.2 billion, a 28% increase year-on-year, according to a recent report.
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