Rain Industries Limited, through its wholly owned subsidiary Rain Carbon Canada Inc. (RAINCA), has obtained C$860,000 (approximately €530,000) in funding for a two-year research and development project focused on creating eco-friendly battery anode materials. The initiative, undertaken in collaboration with Northern Graphite Corporation, seeks to convert graphite by-products…
Maruti Suzuki India Ltd, the country’s leading automobile manufacturer, has projected a 10% growth in small car sales for the second half of FY25, as it strengthens its position in the compact vehicle segment. The company also reiterated its goal of achieving a 50% market share in the…
3M India Limited reported strong results for the July–September quarter (Q2 FY26), driven by double-digit growth across all business segments and improved operational efficiency. The company posted a sharp rise in profitability and continued momentum in its healthcare and consumer divisions. Key Financial Highlights Net Profit: ₹191 crore,…
City Union Bank Limited reported a steady performance for the quarter ended September 30, 2025 (Q2 FY26), driven by higher interest income, improved asset quality, and stable loan growth. Key Financial Highlights Net Profit: ₹329 crore, up 15.1% year-on-year from ₹285 crore. Net Interest Income (NII): ₹666.5 crore,…
V2 Retail Limited, a value retail chain, has successfully raised ₹399.99 crore through a Qualified Institutional Placement (QIP), the company announced on November 3, 2025. The funds were raised by issuing 18.74 lakh equity shares to eligible institutional investors at an issue price of ₹2,134 per share, which…
The Securities and Exchange Board of India (SEBI) has granted approval to seven companies, including Meesho and Shiprocket, to raise funds through initial public offerings (IPOs). The regulatory nod reflects growing confidence in India’s primary market, which has seen a surge in filings amid strong investor appetite and…
Bharti Airtel Limited reported a strong set of results for the July–September quarter (Q2 FY26), posting a 14.2% quarter-on-quarter rise in consolidated net profit to ₹6,791 crore, compared with ₹5,948 crore in the previous quarter. The company’s performance surpassed market expectations, beating the CNBC-TV18 poll estimate of ₹6,600…
OYO Parent PRISM Withdraws 6,000:1 Bonus Share Plan, Plans Simplified Structure for All Shareholders
PRISM, the parent company of OYO, has withdrawn its previously announced 6,000:1 bonus share proposal following investor feedback regarding its complexity and limited eligibility. The company stated that it will soon introduce a revised and simplified bonus share structure designed to ensure equal participation across all categories of…
Cipla Limited announced on November 3 that it has entered into definitive agreements to acquire a 100% stake in Inzpera Healthsciences Limited. Once the transaction closes, Inzpera will become a wholly owned subsidiary of Cipla, expanding Cipla’s footprint in paediatric and wellness healthcare categories. Transaction details Purchase consideration:…
Gland Pharma Limited, a leading contract development and manufacturing organisation (CDMO) specialising in injectables, reported a 12.3% year-on-year increase in consolidated net profit to ₹184 crore for the quarter ended September 30, 2025 (Q2 FY26), compared with ₹164 crore in the same period last year. The company’s growth…