Vikram Mohan, chairman and managing director of Pricol Chennai: Coimbatore-based Pricol, a leading manufacturer of vehicle dashboards and driver information systems, continues to outspend most of its Indian auto component peers on research and development (R&D). The sustained investment has helped the company build a competitive edge in high-value segments such as driver information systems…
Anish Shah, group CEO & MD, Mahindra Group Chennai: Mahindra Group is betting on a clutch of fast-growing businesses beyond its core automotive and farm equipment operations, setting ambitious expansion targets across hospitality, real estate, logistics, renewable energy, electric mobility and aerospace as it seeks to build multiple long-term growth engines.The diversified conglomerate said its…
Chennai: Murugappa Group NBFC Cholamandalam Investment and Finance Company (Chola) expects electric vehicles (EVs) to emerge as a key disruptor in the two-wheeler market, particularly in the entry-level and commuter segments.In its latest annual report, the company said the shift towards EVs in the commuter segment is being driven by govt incentives, lower operating costs…
G Srinivasan, MD & CEO, Galaxy Health Insurance Chennai: Galaxy Health Insurance is targeting a gross written premium (GWP) of Rs 1,000 crore over the next three years. The standalone health insurer, which commenced operations in 2024, will invest Rs 250 crore over the next 18 months as it looks to expand across the country.Its…
FCNR(B) accounts nosedived to $900 million in FY26 Chennai: After three consecutive years of growth, net inflows under Foreign Currency Non-Resident (Bank) [FCNR(B)] accounts nosedived to $900 million in FY26 from $7.1 billion in FY25. The 87% year-on-year decline, the sharpest since 2022-23, comes despite the rupee weakening over the past year. Meanwhile, major banks…
Tamil Nadu ranks third in terms of business contribution to Kotak Mahindra Life Insurance Company (Kotak Life), accounting for 9% of the insurer’s overall business in the country. In FY26, it reported assets under management (AUM) of 1,03,156 crore, up 12.4% year-on-year from 91,807 crore in FY25. In an interview, Mahesh Balasubramanian, MD and CEO,…
Salil Parekh, CEO, Infosys Bengaluru: Infosys CEO Salil Parekh’s compensation rose a modest 2.5% to Rs 82.5 crore in FY26, according to the company’s annual report. His fixed salary stood at Rs 8.5 crore, while variable pay and incentives totalled Rs 23.3 crore. The package also included Rs 50.7 crore from the exercise of restricted…
Hyderabad: State-owned iron ore miner major NMDC Ltd reported a 35% rise in consolidated net profit for the fourth quarter ended March 31, 2026, at ₹2,020 crore compared with ₹1,496 crore in the same quarter of last financial year.The company’s revenues surged 61% to ₹11,173 crore during the quarter, up from ₹6,953 crore during the…
Mphasis CEO Nitin Rakesh said FY27 would be a foundational year for the initiative, with the company expecting a gradual shift in its revenue mix over time Mumbai: Blackstone-backed Mphasis said it invested about Rs 260 crore in building enterprise AI platforms during FY26 while maintaining its EBIT margins, as the company seeks to reposition…
Rajiv Mittal, chairman and managing director, Va Tech Wabag Chennai: Va Tech Wabag reported a strong performance in FY26, posting a 26% rise in consolidated profit after tax (PAT) to Rs 370.5 crore, compared with Rs 295 crore in FY25, aided by a 22% increase in EBITDA to Rs 524 crore. Consolidated revenue rose 20%…
