COMPANY
Hong Kong courts Indian companies as gateway to China expansion
Hong Kong is actively seeking to attract Indian companies, positioning itself as a strategic gateway for expansion into Mainland China. The city's investment promotion department is engaging with potential Indian businesses, highlighting Hong Kong's commitment to remaining a free trade zone amidst global trade shifts. This initiative underscores Hong Kong's ambition to foster international collaboration and innovation.
IHCL reports revenues of Rs 2,124 crore for Q2, PAT at Rs 285 crore
Tata Group's Indian Hotels Company (IHCL) reported a 12% year-on-year revenue increase to Rs 2,124 crore for the September quarter, marking its fourteenth consecutive quarter of record financial performance. The company's first-half fiscal year revenues grew 21% to Rs 4,226 crore, driven by strong performance in existing and new businesses, and an expanding hotel portfolio.
Titan reports surge in Tanishq jewellery sales during festive season amid high gold prices
Titan's Tanishq experienced a strong festive season in October, with consumers purchasing gold jewellery despite high prices. While lower-priced segment buyers were hesitant, overall demand was robust, particularly for gold coins, indicating strong investment interest. The company anticipates a positive wedding season outlook.
Super-boss killed WFH, always told techies, ‘work comes first, family second’. Now, Bengaluru company dumps him
An arrogant director's attempt to enforce a disliked hybrid work model and micromanage employees led to a thriving company's decline. After a respected manager resigned and productivity plummeted, the director was eventually ousted, fulfilling a sense of poetic justice for former employees.
Low prices of steel problem for small companies: Secretary Sandeep Poundrik
Steel Secretary Sandeep Poundrik pointed out that low steel prices are creating a tough environment for small businesses, leading many to cease operations as profitability plummets. This situation unfolds as the government gears up to significantly enhance steel production capabilities in the near future. Additionally, the global oversupply, especially from China, is exerting downward pressure on domestic pricing.
Shark Tank trained me for public scrutiny: Peyush Bansal on Lenskart IPO valuation backlash
Peyush Bansal, cofounder and chief executive of omnichannel eyewear retailer Lenskart, said listing the company is ticking one of the boxes in a long to-do list. In a fireside chat with ET’s Samidha Sharma, Bansal thanked the investors as the initial public offering of Lenskart was fully subscribed on the very first day.
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Fired employee returns company laptop only after criminal case filed; Delhi High Court rules against her for withholding office property
A recent Delhi High Court ruling clarifies that fired employees must return all company property immediately. Failure to do so, even if property is returned later, constitutes a criminal offense under the Companies Act. The court dismissed a former MD's plea to quash a notice for withholding company assets. This judgment emphasizes strict liability for retaining company property post-termination.
Titan Company shares rise after Q2 profit zooms 59% YoY, Morgan Stanley sets Rs 3,953 TP
Titan share price: Titan Company's net profit surged 59% to Rs 1,120 crore in Q2 FY26, fueled by an early festive season boost, especially in its jewellery segment. Total sales climbed 22% to Rs 16,461 crore. The jewellery division, led by Tanishq and CaratLane, showed robust growth, while watches and eyewear also performed well, prompting a positive outlook from analysts.
Who's selling? Starbucks and other US companies trimming China exposure
In a significant shift, Starbucks has agreed to sell a substantial portion of its Chinese business to Boyu Capital for a staggering $4 billion. This strategic decision is indicative of a broader trend among U.S. firms scaling back their operations in China, facing fierce competition.
Markets seek safety in large caps as small firms face correction and global headwinds
Large and mid-cap companies are outperforming small caps in earnings due to stabilized earnings, improved liquidity, protected margins, and favorable sectoral tailwinds. While a consumption boost is expected for all, small firms face challenges from FPI selling and global economic uncertainty.
Northern Ireland offers Indian companies a gateway for global growth
Northern Ireland offers Indian companies a strategic gateway to Great Britain and European markets, boasting a skilled workforce, competitive costs, and unique tariff-free access. With strengths in Fintech, Cybersecurity, Manufacturing, Green Technology, and Life & Health Sciences, it presents significant opportunities for bilateral collaboration and sustainable growth.
Cyber police unearth Rs 75.48 crore GST fraud; probe underway
Thane cyber police have filed a case against a Mumbai man and his accomplices. They are accused of a massive Rs 75.48 crore Goods and Services Tax fraud. The accused allegedly misused the login details of a laptop sales professional. This allowed them to file fake bills through shell companies. The fraud occurred between November 2024 and April this year.
Urban Company shares fall 6% after Q2 loss widens YoY to Rs 59 crore
Urban Company reported a sharp rise in Q2FY26 net loss to Rs 59 crore from Rs 2 crore a year ago, even as revenue jumped 37% YoY to Rs 380 crore. Losses stemmed from its new Insta Help vertical. Excluding it, the firm posted an adjusted EBITDA profit, with strong growth across India, Native, and international segments.
Stocks in news: Airtel, Titan, Vedanta, Urban Company, Eicher Motors
Markets consolidated on Friday with the Nifty nearing a crucial support zone around 25,600. Investors are advised to accumulate fundamentally strong stocks on declines, focusing on metals, autos, banking, and energy sectors. Several companies like Airtel, Titan, and Vedanta are in focus due to Q2 results and news developments.
ET Startup Awards 2025: Eventually, true worth of a firm is millions voting with their money
As India’s new age companies chart their next phase of growth, conversations around scale, disruption and valuation have taken centre stage. In a decade that has seen startups come of age and public markets open to these businesses, entrepreneurs are navigating a landscape defined by changing consumer expectations and a sharper focus on profitability.
You can spot the hidden signs if your company is heading for layoffs. Smart moves to save your career before it is too late
Experts warn that layoffs rarely happen without warning signs. Employees can often detect trouble through hiring slowdowns, budget cuts, and shifts in company tone. HR consultants note that AI adoption and year-end cost reviews are fueling workforce reductions. Subtle cues like “quiet firing” and return-to-office mandates may signal deeper cuts ahead. Staying alert, updating résumés, and networking early can help workers stay prepared.
Over 1,00,000 job cuts rattle tech industry in 2025: Amazon, Meta, Google, Intel lay off thousands of employees. Check full list of companies
Tech layoffs 2025: Major technology companies worldwide are cutting costs, resulting in massive job losses. Firms like Amazon, Intel, and TCS are reducing their workforces significantly. These layoffs are driven by evolving technology, particularly AI, and slower economic growth. Many companies are reallocating resources towards AI development and cloud computing, impacting various sectors globally.
Titan Q2 Preview: Profit may surge 38% YoY; jewellery growth seen moderating amid high gold prices3.
Titan Company is projected to post a 38% year-on-year rise in Q2 FY26 profit, supported by steady core business growth and a low base effect. While high gold prices and delayed festive demand may slow jewellery sales, brokerages remain optimistic about Titan’s long-term growth and margin stability.
ASBL recognised as the fastest-growing real estate company in India
Hyderabad, Telangana, India (NewsVoir) The ET Now Realty Conclave & Awards 2025 - South Edition brought together some of the most influential stakeholders from South India's real estate ecosystem.
Urban Company revenues jump 37% even as it posts losses
Urban Company, which went public in September, saw its operating revenue increase 37% year-on-year (YoY) to Rs 380 crore for the quarter ending in September. The company posted a net loss of Rs 59 crore compared to Rs 1.8 crore in Q2FY25, largely due to a Rs 44 crore loss from Insta Help, a service launched in March that enables users to book a house help within 30 minutes.
Urban Company Q2 results: Cons net loss widens YoY to Rs 59 crore, revenue zooms 37%
Urban Company's net loss widened to Rs 59 crore in the second quarter of FY25. This comes as the company saw a significant 37% year-on-year increase in revenue from operations. Revenue reached Rs 380 crore for the quarter. These financial results were announced recently. The company continues to expand its services.
Half of all US semiconductor companies are run by foreign born CEOs: Global Semiconductor Alliance CEO
Jodi Shelton, CEO of the Global Semiconductor Alliance, said that President Donald Trump’s recent announcement of a $100,000 fee on new H-1B petitions for foreign workers felt like “a slap in the face.” GSA is an industry organisation that represents 300 corporate members, including more than 120 public companies that includes makers or service providers of semiconductors, software, solutions, systems, and services.
ET Startup Awards 2025: Founders favour frugality, product mix to drive profitability
Top executives from India’s startup ecosystem, Urban Company cofounder Abhiraj Singh Bahl, Rapido CEO Aravind Sanka, and Lenskart CEO Peyush Bansal, shared their views at the 11th edition of the ET Startup Awards 2025 in Bengaluru on Friday.
ET Startup Awards 2025: Execution will define a company’s valuation, says Urban Company CEO Abhiraj Singh Bhal
Urban Company CEO Abhiraj Singh Bhal said that a company’s valuation will be defined by its execution, speaking on the market worth of new-age technology firms.
Insurance companies cannot deny compensation because of route deviation: SC
The Supreme Court has ruled that insurance companies must compensate accident victims even if the vehicle deviated from its permitted route. The court stated that the purpose of insurance is to protect owners from liability. Denying compensation to victims due to such violations is unjust. This decision came while dismissing appeals from a vehicle owner and an insurer.
Quick service app Snabbit to expand into cooking, elder care, child care after $30 million fundraise
The move follows intensified competition in the quick-service space. Snabbit competes with listed player Urban Company’s Insta Help, along with New Delhi-based Pronto.
Chipmaker Nvidia becomes world's first $5 trillion company
Nvidia has become the first company to reach a $5 trillion valuation, driven by the booming artificial intelligence sector. This milestone highlights the significant technological shift, though concerns about an AI bubble persist. The chipmaker's rapid stock growth is fueled by immense demand for its products, with recent disclosures of substantial chip orders and strategic partnerships underscoring its dominant position.
Chipmaker Nvidia on track to become first $5 trillion company
Hitting the new benchmark puts more emphasis on the upheaval being unleashed by an artificial intelligence craze that's widely viewed as the biggest tectonic shift in technology since Apple co-founder Steve Jobs unveiled the first iPhone 18 years ago. Apple rode the iPhone's success to become the first publicly traded company to be valued at $1 trillion, $2 trillion and eventually, $3 trillion.
TVS Motor Company shares slide 1% after Q2 results. What should investors do?
In a surprising turn, TVS Motor Company shares took a hit even after robust quarterly earnings showcasing impressive profit and revenue growth. While Nomura sees a golden opportunity with a 'Buy' rating and a target price of Rs 3,970, thanks to promising new product launches and increasing export activities, Motilal Oswal echoes this sentiment, emphasizing the company's solid product pipeline.
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