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13 Feb

Revenue Tumbles 55% for Ola Electric in Q3FY26

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Ola Electric reported a consolidated net loss of ₹487 crore in Q3FY26, narrowing from ₹564 crore in the same quarter last year. However, on a sequential basis, losses widened from ₹410 crore recorded in Q2FY26.The SoftBank-backed electric vehicle manufacturer witnessed a sharp decline in revenue during the quarter. Revenue from operations fell 55 per cent year-on-year to ₹470 crore, compared to ₹1,045 crore in Q3FY25. On a quarter-on-quarter basis, revenue also dropped nearly 32 per cent from ₹690 crore.The decline in topline performance reflects continued challenges in the EV market, including demand fluctuations and competitive pressures. While the company managed…

13 Feb

Tata Motors bags landmark 70,000-vehicle order in Indonesia to strengthen rural logistics

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PT Tata Motors Distribusi Indonesia, a wholly owned indirect subsidiary of Tata Motors Limited, has secured its largest international commercial vehicle order, signing an agreement to supply 70,000 vehicles for deployment across Indonesia to support agricultural logistics and rural connectivity. The vehicles will facilitate farm-to-market transportation and regional goods movement, contributing to national food security and economic resilience initiatives. Under the agreement, Tata Motors will supply 35,000 units each of the Tata Yodha pick-up and the Ultra T.7 truck to Indonesian state-owned enterprise PT Agrinas Pangan Nusantara. The fleet will be deployed through agricultural cooperatives under the Koperasi Desa and…

13 Feb

Turkish Airlines reports strong January growth, passenger traffic reaches 7.6 million

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Turkish Airlines reported solid operational performance for January 2026, carrying 7.6 million passengers as passenger capacity, measured in available seat kilometers (ASK), increased by 10% year-on-year to 23.7 billion. The airline recorded an overall load factor of 84%, with international load factor at 83.7% and domestic load factor at 87.5%, reflecting sustained demand across key routes. International-to-international passenger traffic showed notable growth, rising 10.8% from 2.8 million in January 2025 to 3.1 million in January 2026. The airline also reported strong cargo performance, with cargo and mail volumes increasing 18.8% year-on-year to reach 178.3 thousand tons, underlining improving global freight…

13 Feb

Kenvue’s dual-brand hydration strategy signals growing focus on preventive health consumption

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Kenvue has introduced a dual-brand hydration strategy in India with ORSL and the newly launched eRZL, reflecting the increasing policy and public health emphasis on preventive healthcare and nutrition-based wellness solutions. The company’s “Double Power for Complete Hydration” initiative aims to address both diarrheal dehydration and everyday hydration, aligning with broader national health priorities that encourage improved awareness of dehydration-related risks. Under the framework, ORSL will continue as the company’s oral rehydration salts portfolio based on the World Health Organization formula, available in ready-to-drink and powder formats for diarrheal dehydration management. Effective January 2026, the company has rebranded its electrolyte…

13 Feb

Kotak Mahindra Bank announces ‘Sehat Ka Safar 4.0’ to expand preventive healthcare for India’s transport community

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Kotak Mahindra Bank (KMBL) has announced the launch of ‘Sehat Ka Safar 4.0,’ the fourth edition of its flagship CSR initiative focused on strengthening preventive healthcare access for truck drivers, transporters, and their families across India. The programme, which commenced on December 18, 2025, will run until March 31, 2026, with 45+ health and eye check-up camps planned across major transport corridors, targeting nearly 4,500 beneficiaries. This edition introduces key enhancements, including Ayushman Bharat Health Account (ABHA) card issuance, expanded laboratory testing, and the addition of chest X-ray facilities to strengthen diagnostic capabilities and enable early detection of health issues.…

12 Feb

Tata AIA launches Enhanced Value Index Funds combining equity growth with life protection

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India’s growing shift toward market-linked investments continues to gather momentum, with Tata AIA Life Insurance launching its Enhanced Value Index Fund and Enhanced Value Index Pension Fund, offering value-based exposure to 50 large-, mid-, and small-cap companies tracked through the BSE 500 Enhanced Value 50 Customised Index. The New Fund Offer (NFO) is open from February 9 to 16, 2026, with policies issued at a NAV of ₹10. The funds will allocate 70–100% to equities and up to 30% to cash and money market instruments, targeting long-term capital appreciation while integrating life insurance protection through unit-linked solutions. The pension variant,…

12 Feb

Q3 Revenue Shortfall Weighs on Divi’s; Street Split on Future Upside

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Shares of Divi’s Laboratories fell nearly 3% on February 12 after the company reported Q3FY26 earnings that missed revenue and profit expectations, despite better-than-expected operating margins. The stock touched an intraday low of ₹6,201.5 and was trading at ₹6,222.5, down 2.6% on the NSE.The pharma major posted a consolidated PAT of ₹583 crore, slightly lower than ₹589 crore a year ago, while total income rose 12% year-on-year to ₹2,692 crore. Ebitda grew 19.8% to ₹890 crore, with margins expanding to 34.2%. The company also reported an exceptional loss of ₹74 crore due to new labour codes.Brokerages remain divided. JM Financial…

11 Feb

South African Tourism expands India strategy, engages 220+ trade partners at Kolkata roadshow

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South African Tourism strengthened its India market engagement with the successful completion of the Kolkata leg of its Annual India Roadshow, following the initiative’s launch at OTM Mumbai. The roadshow, led by Mitalee Karmarkar, Marketing and Communications Manager (MEISEA), served as a strategic platform to enhance collaboration with Indian travel trade stakeholders and explore business opportunities across leisure, corporate, and MICE travel segments. The Kolkata event featured more than 40 exhibitors showcasing a wide spectrum of tourism products and attracted participation from over 220 travel trade partners. The multi-city roadshow will proceed to Delhi on February 12, continuing efforts to…

11 Feb

Tata Motors–JLR start operations at new Tamil Nadu plant, Range Rover Evoque first to roll out

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Tata Motors Passenger Vehicles Ltd. (TMPV) and its subsidiary Jaguar Land Rover Automotive Plc. (JLR) on Monday announced the commencement of operations at their new manufacturing facility at Panapakkam in the Ranipet district of Tamil Nadu, marking a major step in expanding next-generation automotive production in India. The facility represents the first phase of a greenfield project designed to manufacture future-ready vehicles, including electric vehicles, for both TMPV and JLR brands. The plant was inaugurated by Tamil Nadu Chief Minister M.K. Stalin along with Tata Sons and Tata Motors Passenger Vehicles Chairman N. Chandrasekaran, in the presence of ministers, senior…

11 Feb

Hyatt strengthens regional leadership with S. Vidyashankar’s appointment as HR Vice President

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Global hospitality major Hyatt has appointed S. Vidyashankar as Regional Vice President of Human Resources for India and Southwest Asia, a move aimed at strengthening leadership capability and supporting the company’s expanding footprint in the region. With over 23 years of experience in hospitality human resources, including more than two decades with Hyatt, Vidyashankar brings extensive expertise in talent development, organizational culture building, and multi-location HR leadership. In his new role, Vidyashankar will work closely with regional and hotel leadership teams to shape Hyatt’s people strategy, nurture future-ready talent, and drive consistent HR practices aligned with the company’s purpose and…