Friday, January 2, 2026 News Archive

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NIIT reports sharp profit decline despite double-digit revenue growth

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NIIT reports sharp profit decline despite double-digit revenue growth
NIIT’s Q2FY26 profit fell 88.4% to ₹1.37 crore despite 15.6% revenue growth.
NIIT Ltd reported a steep 88.4% year-on-year drop in consolidated net profit to ₹1.37 crore for Q2FY26, even as revenue increased 15.6% to ₹363.6 crore. Higher operating expenses and investments in capability building weighed on margins during the quarter.
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Hero Motors prepares ₹1,200 crore IPO with EV focus

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Hero Motors prepares ₹1,200 crore IPO with EV focus
Hero Motors plans a ₹1,200 crore IPO to fund expansion and EV-linked growth.
Hero Motors is preparing a ₹1,200 crore IPO, including a ₹800 crore fresh issue and ₹400 crore OFS, targeting an early-2026 listing. The two-wheeler and EV-linked auto components firm aims to fund capacity expansion and technology upgrades amid rising electric mobility demand.