Author: Legal Parivar

Titan Company Ltd reported a 43% year-on-year jump in net profit to ₹1,006 crore for the quarter ended September 30, 2025 (Q2FY26), driven by strong festive demand and a sharp rise in gold prices. The Tata Group company, which owns Tanishq and CaratLane, had posted a profit of ₹705 crore in the same quarter last year. The company’s revenue increased 25% year-on-year to ₹16,534 crore, compared to ₹13,215 crore in Q2FY25, supported by healthy growth across its jewellery, watches, and eyewear segments. On the National Stock Exchange (NSE), Titan shares closed 0.4% lower at ₹3,731.4 apiece on November 3. Festive…

Alphabet Inc., the parent company of Google, is set to raise around €6.25 billion ($7.2 billion) in the European debt market, marking another major tech-sector bond issuance amid an industry-wide race to invest in artificial intelligence. The latest sale comes on the heels of Meta Platforms Inc.’s $30 billion debt offering, the largest so far this year, and follows Alphabet’s strong quarterly results showing robust growth in its cloud computing and AI businesses. According to sources familiar with the deal, Alphabet is marketing six euro-denominated tranches of bonds with maturities ranging from three to 39 years. This marks the company’s…

India’s refiners could increase purchases of crude oil from the United States if American prices remain competitive with those of leading Middle Eastern suppliers, according to people familiar with the ongoing discussions. One of the sources said that US crude prices are expected to align more closely with the rates offered by producers such as Saudi Arabia and other Gulf nations. “If the import volume is significant, prices naturally stay close to market levels,” the person noted. Although oil from the United States might be slightly costlier than Russian crude, Indian lenders have grown cautious following recent Western sanctions targeting…

Indian benchmark indices (Sensex & Nifty) recovered from early losses to close in the green on Monday, marking a positive start to the week. Gains were driven by strong buying in realty, PSU banking, and pharma stocks, even as markets witnessed volatility through the session. At the close, the Sensex rose 39.78 points (0.05%) to settle at 83,978.49, while the Nifty 50 gained 41.25 points (0.16%) to finish at 25,763.35. Market breadth remained positive, with 2,144 stocks advancing, 1,896 declining, and 205 remaining unchanged. The broader markets outperformed, as both the Nifty Midcap and Smallcap indices climbed 0.7% each, showing…

Bharti Airtel Ltd reported a 73.6% year-on-year increase in consolidated net profit to ₹6,792 crore for the July–September quarter of FY26, driven by higher operating earnings, continued premiumisation in its mobile business, and record customer additions in its home broadband segment. The telecom giant’s average revenue per user (ARPU) rose to ₹256, up from ₹233 a year ago, reflecting its focus on higher-value customers and growing data usage. Airtel’s consolidated revenue for Q2 stood at ₹52,145 crore, marking a 25.7% year-on-year increase, supported by strong growth across India mobility, home broadband, and Africa operations. Revenue from the India business rose…

Microsoft Corp. has entered into a $9.7 billion, five-year agreement with Australian infrastructure provider IREN Ltd. to acquire AI cloud capacity, marking a major expansion of the tech giant’s artificial intelligence infrastructure. The deal makes Microsoft IREN’s largest customer to date. Under the agreement, Microsoft will gain access to Nvidia accelerator systems based on the GB300 architecture at IREN’s facility in Texas, designed to support advanced AI workloads. The contract includes a 20% prepayment, according to a company statement released Monday. As part of the deal, IREN will purchase GPUs and related equipment worth $5.8 billion from Dell Technologies Inc.…

Tata Consumer Products Ltd (TCPL), the FMCG arm of the Tata Group, reported a 10.7% year-on-year rise in consolidated net profit to ₹406.51 crore for the quarter ended September 2025 (Q2 FY26), led by robust performance in its India business. The company had posted a net profit of ₹367.21 crore in the same quarter last year, according to its regulatory filing. Revenue from operations grew 17.8% year-on-year to ₹4,965.9 crore, compared to ₹4,214.45 crore in the corresponding quarter of FY25. TCPL’s branded business — which includes tea, coffee, packaged water, and other value-added products — surged 17% to ₹4,270.9 crore,…

The Securities and Exchange Board of India (SEBI) has granted approval to ecommerce platform Meesho and logistics & supply chain company Shiprocket for their draft IPO documents submitted via the confidential filing route, paving the way for their upcoming public listings. In addition to these two major startups, SEBI has also cleared the IPO proposals of German Green Steel and Power, Rajputana Stainless, Skyways Air Services, Manika Plastech, and Allied Engineering Works during the week ended October 31. According to SEBI’s latest updates, Meesho received observations on its confidential Draft Red Herring Prospectus (DRHP) on October 10, while Shiprocket obtained…

World Champions: History was made at the DY Patil Stadium as India Women lifted their first-ever ICC Women’s ODI World Cup, defeating South Africa by 52 runs in a thrilling final on Sunday. Fireworks lit up the Mumbai sky as captain Harmanpreet Kaur and her team celebrated an unforgettable triumph in front of a packed home crowd. Put into bat after a rain delay, India posted a strong 298/7 in 50 overs, powered by half-centuries from Shafali Verma (87 off 91) and Deepti Sharma (58 off 58). The opening partnership between Smriti Mandhana (45) and Verma laid the foundation with…

Zen Technologies Limited has announced that it has secured two major contracts worth ₹289 crore (including GST) from the Ministry of Defence (MoD), Government of India, for the upgradation of its indigenously developed Anti-Drone Systems (ADS). The projects are slated for completion within a year and mark a significant step forward in India’s defence modernization efforts, emphasizing the strategic necessity of Indian-designed, developed, and manufactured (IDDM) technologies. Responding to Operational Needs and Evolving Drone Threats Zen Technologies stated that the upgrades are based on operational feedback from recent missions, including Op Sindoor, which revealed the need for systems capable of…