General Atlantic Invests in Balaji Wafers
US private equity firm General Atlantic is acquiring a 7% stake in Rajkot-based Balaji Wafers for over Rs 2,000 crore, valuing the snack food brand at approximately Rs 35,000 crore.
Category : Corporate News
Naidu: Andhra Secured ₹2.5L Cr Investments at Davos WEF
Chief Minister N Chandrababu Naidu revealed that Andhra Pradesh attracted investments worth ₹2.5 lakh crore during his World Economic Forum visit in Davos, where he promoted the state's green energy, AI, and tourism sectors globally.
Goyal Surrenders ₹1,000 Cr ESOPs in Eternal Leadership Shift
Eternal founder Deepinder Goyal relinquishes unvested ESOPs worth over ₹1,000 crore while stepping down as Group CEO. The move expands ESOP pool by 16% and defers shareholder dilution.
India Post Revenue Hits Rs 10,155 Crore in FY26 Q1-Q3
India Post's revenue has increased significantly to Rs 10,155 crore in the first three quarters of FY26, driven by growth in financial services and parcel delivery, reflecting its evolving role in India's postal and economic landscape.
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IndiGo Q3 Profit Crashes 78% Due to December Operational Crisis
IndiGo's Q3 profit fell 78% to Rs 549 crore, hit by a Rs 577 crore loss from December's operational meltdown and a Rs 969 crore labour code provision. The DGCA imposed a record Rs 22.20 crore fine, but the airline expects a 10% seat capacity rise in Q4.
IndiGo Cuts Growth Forecast After 78% Profit Drop in Q3
IndiGo reported a 78% year-on-year drop in Q3 FY26 profit to ₹549 crore, its weakest in four years, due to new labour codes and December flight cancellations. The airline has lowered its growth guidance for the current quarter.
IndiGo Q3 Profit Crashes 78% Due to December Operational Crisis
IndiGo's operational meltdown in early December led to a Rs 577 crore one-time hit, causing Q3 profit to drop 78% to Rs 549 crore. DGCA imposed a record Rs 22.20 crore fine for the disruption.
DGCA Orders IndiGo to Dismiss VP, Warns COO Over Flight Chaos
India's aviation regulator DGCA has directed IndiGo to dismiss a senior vice president and issued warnings to six executives, including the COO, following a probe into December 2025 flight disruptions that affected over 3 lakh passengers.
IndiGo Q3 Profit Dives 78% to Rs 549 Crore
IndiGo's net profit plummeted 78% to Rs 549 crore in Q3 FY26 due to labor law impacts, operational issues, and rupee devaluation, despite a 6.7% revenue increase and massive flight disruptions in December.
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Deepinder Goyal Steps Down as Eternal CEO
Deepinder Goyal has stepped down as CEO of Eternal, with Albinder Dhindsa appointed as his successor. This leadership change at the Zomato-owned entity is expected to impact Eternal's share performance and strategic direction.
Govt to Hire 10,000 Contract Staff for Data Collection
The Ministry of Statistics and Programme Implementation plans to hire 10,000 contract staff to strengthen data collection efforts across India, aiming to improve statistical accuracy and policy-making.
Apple Asks Delhi HC to Stop CCI from Seeking Financials
Apple has approached the Delhi High Court to prevent India's Competition Commission from accessing its global financial records in an antitrust probe, fearing potential $38 billion fines.
MP CM Yadav Unveils Investor-Friendly Policies for Growth
Madhya Pradesh Chief Minister Dr. Mohan Yadav announces new investor-friendly policies aimed at boosting economic growth and attracting investments to the state.
Albinder Dhindsa to Replace Deepinder Goyal as Eternal CEO
Albinder Dhindsa, founder of Blinkit, is set to take over as CEO of Eternal, replacing Deepinder Goyal in a major leadership shift announced in January 2026.
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India Post Aims 30% Revenue Growth to Rs 17,546 Crore by FY26
Union Minister Jyotiraditya Scindia announces Department of Posts' ambitious target of 30% revenue growth to Rs 17,546 crore for FY26, with five out of six verticals showing positive performance.
L&T Bets $1.2B on Data Centres to Rival Tata, Adani, Reliance
Larsen & Toubro plans to invest $1.2 billion in data centres, leveraging end-to-end ownership for cost advantages in the competitive AI infrastructure market against Tata, Adani, and Reliance.
Aviation Sector Needs Antitrust Watch as Duopoly Persists
IndiGo's compliance pledge with DGCA norms brings hope, but India's aviation market remains dominated by two players. With new airline entrants facing significant hurdles, the Competition Commission must maintain vigilant oversight to ensure fair competit
JSW Steel Q3 Preview: Import Curbs Lift Stock, Earnings Pressure
JSW Steel shares surged 5.7% after government import curbs, but Q3 earnings are expected to decline due to weak steel prices and higher costs, with analysts forecasting a sequential profit drop.
Mahindra: Blackstone CEO's India Praise at Davos 'Massive News'
Mahindra Group Chairperson Anand Mahindra called Blackstone CEO Steve Schwarzman's praise of India's investment returns at Davos unprecedented validation of the country's economic trajectory.
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Balaji Wafers Sells Stake to General Atlantic
Balaji Wafers has sold a 7% stake to US-based private equity firm General Atlantic at a valuation of ₹35,000 crore, aiming to professionalize operations and target a public listing in 3-4 years.
Nasscom Budget Demands: ESOP Tax Deferment, Data Center Clarity
Nasscom urges Union Budget to extend ESOP tax deferment to all DPIIT-recognized startups, clarify tax treatment for foreign cloud providers using Indian data centers, and ease working capital pressures for tech companies.
Ipsos to Invest $1.4 Billion in AI Over Five Years
French market research firm Ipsos plans to invest 1.2 billion euros in artificial intelligence and strategic acquisitions over the next five years to accelerate growth.
Eternal's Post-Founder Test Begins as Goyal Steps Back
Eternal enters its first major post-founder leadership test after Deepinder Goyal steps down as CEO, prompting analyst caution about stock performance impact.
ZEE Q3 Results: Profit Falls 5% YoY, Revenue Up 15%
Zee Entertainment Enterprises reported a 5% YoY decline in Q3 FY26 net profit to ₹155 crore, while revenue grew 15% to ₹2,149 crore. EBITDA margin improved sharply to 16.1%.
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Blinkit Q3 Profit: Turning Point or One-Quarter Wonder?
Blinkit's ₹4 crore Q3 profit marks a significant shift from losses, driven by improved contribution per order. However, delivery fee waivers and accelerated store expansion could challenge future profitability.
Nalco's Rare Earth Pivot: Growth Catalyst or Risk?
Nalco's stock has doubled in FY26, outperforming the market. Its pivot to rare earths aligns with India's strategic goals but faces execution challenges amid high valuations.
Supreme Industries Needs PVC Price Recovery for Growth
Supreme Industries faces margin pressure from weak PVC prices despite strong volume growth. The company maintains FY26 targets but seeks price recovery to normalize operating margins.
Air India's $1.6B Loss Amid Crash, Airspace Issues
Air India, owned by Tata Group, is projected to report a net loss of at least $1.6 billion in FY 2025-26 due to the Ahmedabad crash and Pakistan's airspace closure, impacting its turnaround plan.
Adani Energy Q3 Profit Falls 8%, Revenue Up 15%
Adani Energy Solutions reported Q3 FY2025-26 results with net profit declining 8% YoY to ₹574 crore while revenue surged 15% to ₹6,729 crore. Transmission business led growth with 19% revenue increase.
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IndiGo Q3 Profit Drops 77.5% YoY, Revenue Rises 6.2%
IndiGo reported a sharp 77.55% YoY drop in Q3 FY26 profit to ₹5,498 million, impacted by one-time costs. However, revenue grew 6.2% YoY and the airline saw a sequential improvement from a Q2 loss.
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