IL JIN Electronics (India) Ltd., a material subsidiary of Amber Enterprises India Ltd., has entered into a share-swap agreement to acquire the remaining 40% stake in Power-One Micro Systems Pvt. Ltd.

YES Bank Ltd. reported a 65% year-on-year increase in net profit to Rs.1,080 crore for the July–September quarter of FY27. Net interest income also increased, indicating growth in the bank’s core lending operations.

Punjab National Bank (PNB) reported a 13% year-on-year rise in net profit to Rs.5,532 crore for the September quarter of FY27, compared with Rs.4,904 crore in the corresponding quarter last year.

India’s September-quarter earnings season is entering a busy phase, with more than 200 companies scheduled to announce Q2FY27 results during the week. Bajaj Finance, UltraTech Cement, Hindustan Zinc and Union Bank of India are among the companies scheduled to report on October 19, while other announcements are spread across the banking, technology, energy, consumer and industrial sectors.

Urban Company reported a net loss of approximately Rs.182 crore for Q2 FY27, compared with a loss of Rs.59 crore in the year-ago quarter. Revenue, however, rose 41% year-on-year, reflecting expansion in its home-services business and continued investment in newer offerings.

Oberoi Realty Ltd. recorded property sales bookings of around Rs.9,149.69 crore in the September quarter, a sharp increase from the year-earlier period. The company’s first luxury residential project in Gurugram contributed to the higher booking value, according to reports on its quarterly performance. The increase in bookings points to strong demand for the company’s new […]

The Indian government has approved Fairfax Financial Holdings’ bid to acquire a controlling stake in IDBI Bank in a transaction valued at approximately Rs.52,878 crore, according to market reports. The proposed deal concerns a 60.72% stake and marks a significant development in the lender’s ownership process.

Tyre manufacturer CEAT Ltd. reported a decline in September-quarter profit even as revenue increased, according to reports published on Thursday. Revenue rose 26.2% year-on-year, while net profit fell by nearly 40%, with higher raw-material costs weighing on profitability.

Hyundai Motor India Ltd. has announced a phased investment of Rs.11,000 crore for its Pune manufacturing facility, according to reports published on Thursday. The planned investment is aimed at expanding production capacity and supporting the company’s manufacturing operations in India.

The Indian government has approved Fairfax Financial Holdings’ bid to acquire a controlling stake in IDBI Bank in a transaction valued at ~ Rs.52,878 crore, according to market reports.