Topic
revenue
Business India's GST Collections Jump 15.4% to Over Rs 2.11 Lakh Crore in July
India's gross GST collections rose 15.4% year-on-year to over Rs 2.11 lakh crore in July, according to government data. Refunds climbed 13.1% to Rs 29,968 crore, while net GST revenue stood at over Rs 1.81 lakh crore. KPMG's Abhishek Jain called the momentum healthy and suggested exploring 'GST 3.0' for refunds on input services.
Business CPKC sets second-quarter revenue record as operating income rises 10%
CPKC reported record second-quarter revenue of $3 billion, up 13%, and operating income of $1.06 billion, up 10%. Grain, automotive, and energy shipments drove growth, while coal declined 29%. Key operating metrics improved year-over-year, but safety metrics worsened.
Finance Banks Collected Rs 7,100 Crore as Minimum Balance Penalty in FY26, Private Banks Account for 70%
Indian banks collected nearly Rs 7,100 crore in penalties from customers for failing to maintain minimum average balance in FY26, up from Rs 6,800 crore in FY25. Private banks accounted for 70% of the charges, with HDFC Bank alone collecting Rs 1,800 crore. Meanwhile, 10 of 12 public sector banks have discontinued such penal charges, leading to a decline in their collections.
Werner Enterprises Posts Highest Revenue Per Truck Growth in One-Way Segment in a Decade
Werner Enterprises reported strong Q2 results, with revenue per truck per week in its One-Way segment rising 27.7% to $6,114, the highest growth in a decade. The improvement came from a 34% reduction in average truck count and a 15.7% increase in miles per truck. The Dedicated fleet grew 43.7% to 6,976 trucks due to the FirstFleet acquisition, with revenue per truck up 5.4%.
Commodities Noble Reports $37M Net Loss on Rig Suspensions in Brazil and Black Sea Exit
Offshore driller Noble posted a $37m net loss in Q2 2026 as revenue fell to $679m, driven by the suspension of the Noble Faye Kozack and Noble Courage in Brazil and the end of the Noble Globetrotter I contract in the Black Sea. CEO Robert Eifler noted a $43m adverse impact from the Brazilian suspensions. Despite the weak quarter, Noble added $200m in new contract value and maintained a $6.8bn backlog.
Business ITC Now Second Largest FMCG Company by Revenue, Aims for Top Spot
ITC's non-tobacco FMCG business crossed Rs 24,000 crore in revenue, making it the second-largest FMCG company in India by revenue after Hindustan Unilever, surpassing Nestle and Britannia. Chairperson Sanjiv Puri announced the milestone at the annual general meeting, saying the company aspires to become India's number one FMCG player.
Logistics Ryder Q2 Earnings Boosted by Used Vehicle Sales as Fleet Solutions Segment Improves
Ryder's Q2 earnings beat expectations with non-GAAP EPS of $3.73, a 12% year-over-year increase, driven largely by stronger used vehicle pricing. The company raised its full-year EPS and ROE forecasts, though average fleet size declined 15%. CFO Cristina Gallo-Aquino noted pricing continues to exceed residual values.
Business Tesla’s $28.24B Quarter Fueled by Record Deliveries and Semi Production Ramp
Tesla posted Q2 2026 revenue of $28.24 billion, up 26% year over year, driven by record vehicle deliveries and the start of Tesla Semi production. Capital expenditures more than doubled to $5.8 billion as the company invests heavily in manufacturing expansion, including the Semi program and battery production.
Logistics CSX boosts outlook on higher volume and revenue
CSX raised its full-year outlook after reporting strong second-quarter results with volume up 6%, revenue up 10% to $3.93B, and operating income up 17%. Intermodal led volume growth at 9%, but service metrics showed mixed performance with higher dwell and lower trip-plan compliance.
Logistics Norfolk Southern Q2 Earnings Beat Forecasts as Freight Demand and Fuel Surcharges Rise
Norfolk Southern posted second-quarter 2026 results that exceeded Wall Street expectations, driven by stronger freight demand and higher fuel surcharges. Adjusted profit was $3.52 per share versus a consensus of $3.31, and operating income rose 11% year-over-year to $3.5 billion. The railroad continues to benefit from improved pricing power across key freight categories.
Business Aurum Proptech Q1 Net Profit Surges to ₹45 Crore on Sale of Navi Mumbai Buildings
Aurum PropTech Ltd reported a consolidated net profit of ₹45.18 crore for the June quarter, reversing a year-ago loss, mainly due to gains from the sale of two commercial buildings in Navi Mumbai. Total income rose to ₹119.01 crore, and the company announced the acquisition of Housing.com for ₹458 crore.
Commodities Emami Agrotech targets ₹22,000 crore turnover in FY27 amid robust edible oil demand
Emami Agrotech, the edible oil and foods arm of Emami Group, targets a turnover of ₹22,000 crore in FY27, driven by 10% revenue growth. CEO Sudhakar Rao Desai cites robust demand ahead of the festive season and stable commodity prices, but remains cautious on geopolitical tensions and El Nino weather risks. The company is expanding its foods portfolio and focusing on brand building.
Business Reliance Retail Q1 Results: Quick-Commerce Spends Drag PAT 14% YoY to Rs 2,806 Crore; Revenue Rises 7%
Reliance Retail reported a 14% YoY drop in PAT to Rs 2,806 crore for Q1 FY27, as investments in quick-commerce weighed on earnings. Revenue grew 7% (or 11.6% adjusted for the Consumer Brands demerger), while EBITDA margin contracted 80 bps to 7.9%. Digital commerce average daily orders surged 116% YoY, and the store network expanded to 20,169 stores. The company outlined a 3-year plan to double operating EBITDA through scale, unit economics, and omni-channel growth.
Business Reliance Industries Q1 Profit Falls 25% to Rs 23,196 Crore, Revenue Rises 25%
Reliance Industries reported a 25% decline in Q1 profit to Rs 23,196 crore, beating estimates, as revenue rose 25% to Rs 3.1 lakh crore. The drop was due to a one-off gain in the year-ago quarter from the sale of a stake in Asian Paints. EBITDA grew 10% to Rs 51,403 crore, led by strong performance in O2C and Jio.
Logistics United Airlines Cargo Revenue Surges 23% on High Yields, Pandemic-Level Volumes Amid Iran Conflict
United Airlines reported a 22.6% increase in cargo revenue to $527 million in Q2 2026, driven by a sharp rise in air cargo rates related to disruptions from the Iran war. The carrier transported nearly 347 million pounds of cargo, the most for the period since the pandemic, as spot rates surged 35-40% year-over-year. Andrew Nocella, Chief Commercial Officer, attributed gains mainly to yields and expects the trend to continue into Q3.
Business Wipro Q1 Revenue Falls 1.4% to $2.6 Billion, Trails Peers Amid AI-Led Spending Shift
Wipro's June-quarter revenue declined 1.4% sequentially to $2.6 billion, missing the performance of larger peers TCS and HCLTech. Operating margin fell 130 basis points to 16% due to wage hikes and AI investments. CEO Srini Pallia said clients are shifting IT budgets toward AI, lengthening decision cycles and reducing discretionary spending.
Logistics India Post crosses Rs 4,000 crore quarterly revenue for first time; Q1 turnover jumps 22%
India Post's Q1 FY27 revenue crossed Rs 4,000 crore for the first time, reaching Rs 4,008 crore, a 22.2% increase year-on-year. The parcel vertical grew 50%, highlighting strong last-mile delivery demand. The milestone was announced by Union Communications Minister Jyotiraditya Scindia.
Manufacturing Tata Group targets $100bn automotive revenue by FY2031, says chairman N Chandrasekaran
Tata Group has set a $100 billion automotive revenue goal by FY2031, doubling from $50 billion in FY26. Jaguar Land Rover is expected to remain the largest contributor, while the commercial vehicle division, bolstered by the pending Iveco acquisition, aims for $35-40 billion. The group plans Rs 40,000 crore investment in domestic PV and £20 billion in JLR over five years.
Business GST Revenue Grows 13.9% in June to Rs 1.94 Lakh Crore, Driven by Import Taxes
India's gross GST collections rose 13.9% year-on-year to Rs 1,94,812 crore in June 2026, driven by a 34.6% surge in import-related tax revenue. Net GST after refunds increased 11.2% to Rs 1,62,377 crore. The Finance Ministry data also showed strong domestic growth of 6.5% and higher refund disbursements, signalling improving tax administration.
Business Godrej Properties acquires 47-acre Chennai land parcel for ₹500 crore revenue project
Godrej Properties has acquired a 47-acre land parcel in South Chennai through an outright purchase, with an estimated developable potential of 1.2 million sq ft and revenue potential of ₹500 crore. The project will focus on plotted residential units, capitalising on growing demand in the OMR corridor.
Business Oberoi Realty to Invest ₹6,000 Crore in First Delhi-NCR Housing Project, Targets ₹16,000 Crore Revenue
Oberoi Realty announced its foray into the Delhi-NCR market with the launch of its first luxury housing project 'Three Sixty North' in Gurugram. The company plans a total investment of ₹6,000 crore and expects a revenue potential of ₹16,000 crore from the two-phase development.
Business Tata Power Targets Doubling Profit, Rs 1 Lakh Crore Revenue by FY30
Tata Power plans to nearly double net profit to Rs 10,000 crore and lift revenue to Rs 1 lakh crore by FY2030, driven by clean energy and grid expansion. Chairman N Chandrasekaran announced the targets at the AGM, alongside a Rs 25,000 crore annual capex plan. The company also disclosed a regulatory setback in Karnataka.
Manufacturing India Proposes CAFE Credit Trading That Could Open New Revenue Stream for Car Makers
India's Ministry of Power has proposed a draft amendment introducing a formal credit-debit passbook for automakers under CAFE norms. Manufacturers exceeding fuel-efficiency targets can sell surplus credits to peers or buy them from the Bureau of Energy Efficiency at Rs 2,500 per gram of CO2 per km for FY23-FY27. The mechanism aims to ease compliance and create a potential revenue stream.
Commodities Milk production slows to 4% but organised dairies eye 13-15% revenue growth: CRISIL
CRISIL Ratings expects India's raw milk production to slow to 4% this fiscal, down from a 5% CAGR, due to El Niño-linked weather disruptions and rising fodder costs. However, organised dairies are projected to grow revenues by 13-15%, driven by price increases and expansion in value-added dairy products, despite flat operating margins.
Technology India's AI Services Revenue Hits $12 Billion as Adoption Moves Beyond Pilots: Nasscom
India's technology services industry has reached $10-12 billion in AI services revenue, with nearly 25% of companies moving experiments to production, according to Nasscom. The industry body also noted 2 million professionals skilled in AI and expects agentic AI to unlock $300-400 billion by 2030.
Technology Infosys chairman Nandan Nilekani forecasts $300-400 billion AI services opportunity by 2030
Infosys chairman Nandan Nilekani told shareholders that the company sees a $300-$400 billion opportunity in AI-led services by 2030. CEO Salil Parekh noted that AI services account for 5.5% of revenue, an annualised run rate of about $1 billion. Infosys is collaborating with 90% of its top 200 clients on AI initiatives.
Logistics FedEx Beats Wall Street on Premium Parcel and Freight Volumes, $1B Cost Savings
FedEx exceeded Wall Street expectations in fiscal Q4, with revenue up 13% to $25 billion, driven by premium business-to-business services. The company achieved over $1 billion in cost savings and reported strong growth in package volumes and yields, though operating margin contracted amid tariff changes and rising costs.
Business Net direct tax collections rise nearly 15% to Rs 5.21 lakh crore; advance tax growth signals strong corporate earnings
India's net direct tax collections rose 14.64% to Rs 5.21 lakh crore as of June 17 in FY27, driven by strong corporate advance tax (up 16%) and securities transaction tax (up 45%). The government is on track to meet its FY27 direct tax target of Rs 26.97 lakh crore.
Business DDA’s mega e-auction raises Rs 1,321 crore from 142 land and property assets
The Delhi Development Authority (DDA) has raised Rs 1,321.21 crore from the e-auction of 142 land and property assets across Delhi, nearly three times the cumulative reserve price of Rs 480.38 crore. The auction included residential, commercial, industrial and institutional plots, reflecting strong investor interest and the DDA's transparent digital platform.
Business Tata Consumer Products Crosses Rs 20,000 Crore Revenue, Eyes 25% Annual Growth From Acquisitions
Tata Consumer Products has surpassed Rs 20,000 crore in annual revenue. Chairman N Chandrasekaran said acquisitions Capital Foods, Soulfull and Organic India are expected to grow 25% per year. The Tata Starbucks joint venture turned profitable in FY26 and plans to add 50–100 stores annually.
Business India's Government Secures Rs 20,000 Crore via Disinvestment
The Indian government has raised Rs 20,000 crore through disinvestment and asset sales, achieving 25% of its annual target. This move comes as the government faces increased subsidy demands due to the West Asia conflict.
Business GST Collection Growth Slows to 3.2%, Lowest in Six Months
India's GST collection growth decelerated to 3.2% in May, marking the slowest pace in six months. The total collection stood at Rs 1,94,184 crore, with domestic revenue declining by 2.6%. Adjusted for a one-time telecom payment, the growth would have been 9%.
Business India's GST Revenue Climbs 3.2% to Rs 1.94 Lakh Crore in May
India's gross GST collections rose by 3.2% year-on-year to over Rs 1.94 lakh crore in May, driven primarily by a 19.1% increase in import revenues. Despite a decline from April's record collections, the growth underscores the significant role of imports in the country's tax revenue.
Commodities Indri Whisky's Global Expansion Targets 40% Revenue Growth
Piccadilly Agro Industries plans to increase its international revenue share to 40% by expanding the global presence of its Indri whisky. The company is focusing on new markets and duty-free tie-ups to achieve this growth.
Business Sri Narasu’s Coffee Targets ₹1,000 Crore Revenue with Regional Expansion
Sri Narasu’s Coffee aims for ₹1,000 crore revenue in five years, expanding into Karnataka, Kerala, and Andhra Pradesh. The company plans to leverage its strong presence in Tamil Nadu and focus on online channels and instant coffee products.
Business Bayer CropScience Q4 Profits Rise 13% Amid Revenue Growth
Bayer CropScience Ltd reported a 13% increase in Q4 profits to ₹162 crore, supported by a 5% rise in revenues to ₹1100 crore. The company remains focused on sustainable growth despite market challenges.