Author: Abizar Attari
News Editor

New Delhi: Engineering equipment maker United Drilling Tools Ltd. (UDTL) has secured its first order to supply Leopard Dual Seal Connectors to Singapore-based H&M Energy Services Pte. Ltd, marking the first such export from India. Under the contract, UDTL will supply these connectors, a specialised component used in the oil and gas sector, to the client’s location in Vietnam. This order is worth ₹1.97 crore, with UDTL expected to complete the delivery in four months. The Leopard Dual Seal Connector is crucial to meet extreme temperature variations and demanding operational environments in the oil and gas sector. The company has…

New Delhi: Coforge Ltd has reported a stellar Q3, with net profit up 71.2% to ₹364 crores on a year on year(YoY)  basis, while consolidated revenues rose 28.5% YoY to ₹4,188 crores. This development comes after the company went ahead with its $2.35 billion Encora acquisition, making it a share swap deal to address concerns about its low cash reserves and financial health. The acquisition is expected to help Coforge become India’s seventh largest IT firm, leapfrogging Persistent, Hexaware Technologies and Mphasis after the deal closes in about six months. Encora’s shareholders, including Warburg Pincus and Advent International, will get…

New Delhi: India’s largest listed real estate developer, DLF Ltd, has reported a better than expected Net Profit at ₹1,207 crore for Q3 FY26, higher than the ₹ 1,012 crore estimated by the market.  The company hasn’t launched any new projects during the quarter, giving it a low base for revenue generation. That remained the basis for the lower estimates by analysts. Despite that, the company witnessed strong collections at ₹5,100 crore, for the nine months of FY25, while net collections stood at ₹10,216 crore, a 21% year on year growth.  DLF’s revenues during the quarter were at ₹2,479 crore,…

Mumbai: Home First Finance Company India reported a strong Q3 with its Assets Under Management (AUM) rising 24.9% year on year and net profit jumping 44% to ₹140 crore. Besides this, the company reported its highest server quarterly disbursements at around ₹1,318 crore, a 10.5% Year on Year (YoY) rise. Its Returns on Assets (RoA) stood at 4% for the quarter, a healthy profitability indicator for the affordable housing finance segment. However, the company continues to have a high debt pile of ₹9,926 crore as on December 2025. As a technology-driven housing finance company, Home First Finance has been targeting…

New Delhi: Inspira Global, the company behind the Chinese Wok Quick Service Restaurant (QSR) chain, has agreed to acquire a controlling stake in Restaurant Brands Asia (RBA), the master franchise for Burger King® in India and both Burger King® and Popeyes® in Indonesia, as the company looks to expand its presence in the highly competitive QSR sector. Under the agreement, Inspira Global, through its food and beverage arm Lenexis Foodworks Pvt. Ltd. will purchase the majority owner QSR Asia’s 11.26% stake in RBA for about ₹460 crore. In line with SEBI’s takeover regulations, the deal will trigger an open offer…

Mumbai: Shares of Kalyan Jewellers have fallen sharply over the last few trading sessions as heavy selling by institutional investors has weighed on the market’s sentiments. In fact, the stock has declined by almost 13-14% in a single session, making it one of the worst-performing jewellery stocks in recent weeks. The company’s management had earlier denied allegations of colluding with fund managers to ‘manage’ the share prices, terming them as absurd. ‘We have always conducted our business, and our interactions with all stakeholders are with a very high level of integrity and transparency,’ said Ramesh Kalyanaraman, Promoter and Executive Director…

Mumbai: Waaree Energies witnessed a sharp rise in its shares in early morning trades on January 22 as the solar energy manufacturing company reported strong Q3 FY26 results. The company’s revenues from operations rose to ₹7,565 Cr, a 118.8% rise from the previous year, while its Profit After Tax (PAT) rose to ₹1,106 Cr, a 118.4% YoY increase. During the quarter, the company added orders worth ₹13,000 crore, taking its total order pipeline to ₹60,000 crore or 100+ GW. The company has boosted its solar module production by 94% to 3.5GW, even ramping up its solar cell production by 35%…

Hyderabad: Dr Reddy’s Laboratories has delivered a resilient performance in Q3 FY26, with its profits rising to Rs.1,210 crore, a 14% year on year increase, beating estimates. Revenues were at Rs. 8,727 crore, a 0.9% decline quarter on quarter (QoQ) from the Rs.8,805 crore reported in the last quarter.  The company has faced various product-specific challenges, specifically with Revlimid, where tighter margins have dragged down. The crucial US pharmaceutical market, which accounts for more than a quarter of its revenue, has seen revenues decline as the overall North America business witnessed a 9% QoQ revenue decline at Rs. 2,964 crore. …

Cryptocurrency investors are reacting with both hope and fear as the markets are increasingly reacting to US President Donald Trump’s threats and hopes on geopolitical issues. Ethereum fell about 6.5% to below $3,000, while Solana dropped more than 4% yesterday and almost 12% last week, as crypto traders exercise caution amid Trump’s arbitrary announcements that could affect their investments. On the other hand, Bitcoin rebounded to about $90,000 as the crypto stabilised amid a modest rebound in the US equity futures markets.  Overall, the crypto market has been deeply affected by President Trump’s renewed tariff threats towards European countries as…

Tokyo: Japanese electronics giant Sony Group has announced a strategic partnership with China’s TCL Electronics to continue manufacturing its iconic, premiumised Bravia range of TVs. This development comes at a time when increasing competition has reduced the margins, even as manufacturers come up with premiumised versions to stand out. “We are pleased to have reached this agreement with TCL for a strategic partnership. By combining both companies’ expertise, we aim to create new customer value in the home entertainment field, delivering even more captivating audio and visual experiences to customers worldwide,” Kimio Maki, President and CEO, Sony Corporation, said in…