Archives December 2025

Tenneco Clean Air India Limited (“Tenneco India”) (BSE/NSE: TENNIND), a leading Tier-1 automotive component manufacturer supplying Clean Air, Powertrain and Advanced Ride Technologies (ART) solutions to major OEMs, today announced its financial results for Q2 and H1 FY2026. 

Arvind Chandrasekharan, Whole-Time Director and CEO, Tenneco India, said:

“Tenneco India has delivered a strong and strategically meaningful quarter. Our Q2 and H1 FY2026 VAR” performance clearly reflects above-market growth, supported by deeper engagement across customer programs. During the quarter, we secured important new awards in both Clean Air and ART, including strategic entry into a new whitespace opportunity with a leading Japanese OEM in Clean Air and increased market share for a well-known Indian OEM in ART. These wins further strengthen our medium-term growth visibility and reinforce the progress of our localization and technology strategy. 

He further added: “Industry tailwinds in regulation, premiumization and exports continue to create attractive opportunities, and we are well positioned to capture them. Our expanding order pipeline, improving export traction and the disciplined execution mindset embedded in The Tenneco Way give us strong confidence in sustaining market outperformance and long-term value creation.”

Key Highlights Q2 & H1 FY2026: 

• VAR growth of 8.9% in Q2 and 8.2% in H1, reflecting above-market performance supported by higher volumes and healthy export traction. 
• Advanced Ride Technologies (ART) delivered strong double-digit growth (15.4% in Q2; 13.8% in H1) driven by premiumization, exports and higher program penetration.
• Clean Air & Powertrain Solutions recorded steady growth of 3.0% in Q2 and 3.2% in H1, supported by stable domestic volumes.
• EBITDA margins (VAR) remained industry-leading at 18.8% in Q2 and 19.2% in H1, driven primarily by higher margins on export volumes and supported by operational efficiencies and disciplined cost management.
• PAT(VAR) increased 9.9% YoY in Q2 and 10.9% YoY in H1, driven by higher one-time interest income related to the entity restructuring.

VAR (Value Added Revenue) is used as the primary performance metric as it excludes pass-through substrate costs from revenue from operations and better reflects the underlying operating performance, margins, and comparability across periods. Source: SIAM. 

• Incremental Lifetime order book expanded to INR 98,400 million, including INR 17,600 million from export programs, strengthening multi-year revenue visibility.
• Strategic program awards secured across Clean Air and ART domestic and exports.
• IPO oversubscribed 61.8x, demonstrating strong institutional and retail investor confidence.

Strategic Business Wins:

Tenneco India announced significant incremental business bookings for the upcoming product cycle, along with key strategic wins across its core verticals.

The incremental lifetime order book value amounts to INR 98,400 millions (INR 17,600 millions of this is through exports), which is over and above existing INR 43,801 millions VAR in FY2025. These bookings represent lifetime VAR potential from awarded programs which are yet to start production and materially enhance the company’s revenue visibility over the next 5-6 years approximately.

The company achieved a major win in Clean Air Systems with a leading Japanese passenger vehicle OEM in India. This marks Tenneco’s entry into previously untapped Clean Air white space for the OEM, supported by the company’s technology depth, localization, engineering capability and strong OEM relationships.

The company also achieved a major win in ART with a well-known Indian OEM, reinforcing its position as the number-1 shock absorber manufacturer in the Indian passenger vehicle market.

IPO Performance (November 2025):

Tenneco India’s IPO saw strong investor demand, with total subscription of 61.8 times, including:

• Retail: 5.4x

• Qualified Institutional Buyers: 174.8x

• Non-Institutional Investors: 42.8x

The market response reflects strong confidence in Tenneco’s technology, growth roadmap and execution capability.

Swiggy India’s leading on-demand convenience platform, today announced the launch of its Low Cal category, a curated collection designed to help consumers with wholesome yet light eating options. The launch reinforces Swiggy’s commitment to offering healthier food choices to consumers. The Low Cal category is live across India’s top 10 cities including Bengaluru, Mumbai, Delhi NCR, Pune, Hyderabad, and Chennai. It features 2.2 lakh dishes under 500 kcal, and spans a range of offerings including soups, salads, lighter Indian meals, breakfast options, snacks, starters, and even low-calorie desserts and shakes.

Especially curated for today’s health-conscious consumers, the Low Cal category will cater to individuals who prefer a health-focused diet or those who are on a weight-loss journey and seek smarter everyday food choices. The offering is crafted to make mindful eating both accessible and enjoyable, without sacrificing on flavour or variety. With a simple search for “Low Cal”, users can instantly discover dishes organised by calorie buckets of 0–300, 300–400, and 400–500 kcal and explore targeted subcategories like High Protein Low Cal Meals, No Added Sugar Low Cal Items, High Fibre Low Cal Dishes, and No Fry Low Cal Options.

Speaking on the launch, Deepak Maloo, Vice President Food Strategy, Customer Experience & New Initiatives, Swiggy said

“The Low Cal category is the next milestone in our commitment to offer better-for-you choices to health-conscious consumers  Our decision to introduce Low Cal was driven directly by consumer feedback following the successful launch of our High Protein options, who sought a combination of high protein and low cal items. Within the Low Cal category, we also offer wholesome meal options that are high on satiety: higher on protein and fiber content, ensuring a satisfying meal that keeps you feeling full for longer. This launch is perfectly timed to enable our users to focus on light and mindful eating right before indulging in the year-end binge.”

This launch is part of Swiggy’s ongoing effort to strengthen its health-forward offerings as customers increasingly prioritise nutrition and wellness. In July, Swiggy launched the High Protein category, and more recently, expanded it with new High Protein subcategories to cater to diverse fitness and nutrition goals. The  High Protein category is now available across 160+ cities. Users can choose from over 1 million High Protein dish options across a network of 1.4 lakh restaurants. Recently, Swiggy rolled out the No Added Sugar category, further broadening our range of mindful choices. Consumers can choose from more than 2.5 lakh food items and over 62,700 restaurants listed under No Added Sugar category. Till date, close to 6.5 million users have adopted either the High Protein or No Added Sugar offering.

By continuing to develop nutrition-focused categories, Swiggy aims to support India’s shift toward a more balanced lifestyle and empowering users to make better food decisions whether they are celebrating, maintaining daily routines, or starting new health journeys. As consumer expectations evolve, the platform remains committed to delivering choice, convenience, and healthier options at scale.

Mumbai, Dec 06: SVC Co-operative Bank Ltd. (SVC Bank, formerly known as The Shamrao Vithal Co-operative Bank Ltd.), one of India’s leading multi-state scheduled banks with a legacy of 118 years, has further strengthened its digital banking ecosystem with the introduction of several new features in its mobile and internet banking platforms. These enhancements are intended to enable smoother, user friendly and more seamless and secure digital banking transactions for customers.

Amongst the array of new features, some of the key additions include Biometric Login, Face recognition (for Apple devices) which enables secure and password-free access using users fingerprint or facial recognition. This feature facilitates faster access, eliminating the need to remember complex passwords while ensuring enhanced protection against unauthorized access.

The Self-Onboarding facility allows both new and existing customers to instantly register for mobile and internet banking, anytime and anywhere. This 24×7 functionality ensures a quick, paperless start to digital banking suite, saving valuable time and effort.

To simplify payments, the Pay to Contacts feature enables users to transfer funds directly using mobile numbers of SVC bank NetBanking registered customers stored in the users contact list removing the need to recall or input account details. The result is faster, error-free transactions with greater convenience for users on the move.

With the Reserve & Schedule Funds feature, customers can plan reserve funds and automate future dated transactions, ensuring timely important payments and help better financial discipline. This feature offers peace of mind by allowing users to set aside or schedule funds for payment in advance, minimizing the risk of missed due dates for important payments.

Additionally, the Manage Nominee facility empowers customers to digitally add or update nominees without visiting a branch. This not only simplifies future claim processes but also reinforces SVC Bank’s commitment to safeguarding the financial interests of its customers and their families.

Speaking at the launch, Mr. Durgesh Chandavarkar, Chairman, SVC Bank, said, 

“As a co-operative institution, our focus has always been to empower our customers. These digital upgrades reflect our commitment to bringing modern convenience and dependable security to every customer we serve.”

Commenting on the launch, Mr. Ravinder Singh, Managing Director, SVC Co-operative Bank Ltd., said:

“At SVC Bank, our co-operative ethos has always guided us to innovate with purpose and inclusivity. These new digital features are a step forward in making banking simpler, safer, and more accessible for every member of our community. By blending technology with the trust that defines the co-operative movement, we continue to strengthen our promise of empowering customers through meaningful and responsible innovation.”

With these additions, SVC Bank continues to strengthen its position as one of India’s leading multi-state co-operative banks, offering a perfect blend of traditional trust and modern digital convenience.

Mumbai/ Kolkata, Dec 06th:  The 54th ITC Sangeet Sammelan 2025, presented by the ITC Sangeet Research Academy (ITC SRA) from 5th to 7th December, commenced with an overwhelming participation, drawing connoisseurs, music lovers and people from all walks of life from across India. Held on the Academy’s picturesque lawns, the inaugural session of the three-day festival showcased the depth, diversity and richness of Indian classical music, an artistic heritage ITC SRA has upheld for nearly five decades.

Commenting on the occasion, Mr. Saradindu Dutta, Executive Director & Trustee, ITC SRA, said, “The ITC Sangeet Sammelan is a celebration of continuity—of knowledge, discipline and artistic devotion. The 2025 edition once again demonstrated the depth of India’s classical music tradition and the Academy’s unwavering commitment to nurturing exceptional talent. It is our privilege to honour the musical legend – Parween Sultana ji with the coveted ITC Sangeet Samman this year.”

Mumbai, Dec 06: Birla Institute of Management Technology (BIMTECH), Greater Noida — one of India’s leading AACSB-accredited business schools successfully concluded its monthly CEO/CXO Talk series, “A Conversation with Gen Z.” The initiative brought top business leaders to campus to share insights on leadership, HR strategies, and digital transformation with aspiring young managers.

The speaker lineup included Kenji Inoue, CFO & COO, UNIQLO India; Swarup Mohanty, Vice Chairman & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd.; Abhay Batra, Co-Founder & CFO, Clovia; and Vijay Ranjan Singh, HR Head, LG India. Subsequent sessions also featured Seepika Singhal, Senior Director & Global Head Total Rewards, Brillio Technologies; Rahul Vij, COO, Digi Haat (Nirmit Bharat); and Aditya Agarwal, Executive Vice President Digital, Maruti Suzuki India Ltd., each delivering impactful individual interactions with students.

These sessions provided students with actionable perspectives on leadership, digital acceleration, investment journeys, and talent management — reinforcing BIMTECH’s commitment to strengthening industry–academia collaboration.

During his talk, Mr. Swarup Mohanty shared an important personal learning, stating:

“I made two mistakes not starting to invest early and not remaining invested. I thought I was smarter than the markets, but soon realized that the markets are always smarter. In a country like India, which is poised for exponential growth, investing in capital markets is one of the most meaningful ways to participate in its progress.”

The interactive format encouraged students to participate in conversations around entrepreneurship, brand positioning, and product innovation. Mr. Abhay Batra emphasized the power of mindful marketing strategies, remarking:

“Spending a lot of money doesn’t ensure success. What works is organic connection and doing things the right way.”

He concluded with an inspiring message for future leaders:

“The only difference between success and no success is doing.”

Bringing high energy to the session, Mr. Vijay Ranjan Singh urged students to reflect on their aspirations and readiness for the corporate world. Quoting the film Sultan, he highlighted the importance of self-driven growth, adding:

“You can only defeat yourself.”

BIMTECH’s Vision: Industry-Ready Leaders for the Future

BIMTECH stands among the few B-schools in India with a structured year-round CEO/CXO talk series designed to develop industry-centric thinking, professional preparedness, and future leadership capabilities. The initiative also invites corporate leaders to contribute their experiences for the benefit of emerging talent, strengthening the larger ecosystem of future managers in India.

As a pioneering institution, BIMTECH continues to raise the bar through initiatives such as:

• Launch of the Bloomberg Lab, Marketing & Retail Research Lab, and BIMCOIN a blockchain-based campus currency

• A strategic partnership with UNIQLO

• Students winning the PRME Global Students Sustainability Award 2025 at the United Nations Headquarters, New York

• Support extended to 150+ startups during the Google AI Startup Day

• Workshops like Train-the-Trainer for Inclusive Higher Education by BCall (Centre of Education for All)

Inspired by its visionary founders Late Basant Kumar Birla and Sarala Birla, BIMTECH offers programs including PGDM, PGDM (International Business), PGDM (Insurance Business Management), PGDM (Retail Management), PGDM Online, and FPM/E-FPM — shaping ethical, globally competent business leaders. Supported by a strong alumni network of over 8,000 professionals, BIMTECH continues to hold its position among globally recognized management institutions.

Lima, Dec 6: The International Finance Corporation (IFC), a member of the World Bank Group, announced its participation in a joint financing package of US$400 million for Camposol, one of Peru’s leading agro-exporters.

The goal is to strengthen the country’s sustainable agribusiness, promote the creation of quality formal jobs, and improve the sector’s climate resilience. IFC’s structured investment amounts to US$140 million, consisting of US$100 million of its own funds and US$40 million from Rabobank. The rest of the financing package includes contributions from IDB Invest, Scotiabank, and BBVA.

The funds will support the implementation of Camposol’s blueberry varietal renewal program, based on proprietary genetics developed locally. This program is crucial for adopting varieties with higher yields, greater pest resistance, and, most importantly, improved water-use efficiency—aligning with IFC’s priority to mitigate water and climate risks in agriculture.

The investments will enable productivity improvements in avocados and drive the adoption and scaling of sustainable agricultural innovations that strengthen Camposol’s competitiveness in key global markets, increasing projected export volumes by more than 30% between 2025 and 2030.

“IFC’s participation in this historic financing is a clear endorsement of Peru’s agribusiness as a driver of sustainable and inclusive growth,” said Matilde Bordón, IFC Country Manager for Peru and Ecuador. “This is IFC’s first transaction in the agribusiness sector in over 20 years. By supporting Camposol in creating formal jobs and transitioning to more resilient technologies, we are directly investing in the long-term prosperity of Peru’s rural communities.”

The financing is contingent upon the implementation of a robust Environmental and Social Action Plan (ESAP) that will address critical areas such as water management, biodiversity studies, prevention of workplace heat stress, and obtaining sustainable agriculture certifications.

With this financing package, Camposol anticipates export volumes will increase by more than 30% between 2025 and 2030. Additionally, the company projects the creation of more than 2,500 direct jobs, with female participation above the national average in the agricultural sector.

Hyderabad: Dec 06: Confederation of Real Estate Developers Association of India (CREDAI) Hyderabad welcomes RBI’s 25 basis point rate cut and presents the following leadership quotes to capture the key points and intent as stated by CREDAI Hyderabad executives. The release underlines how the move supports affordable housing, buyer confidence, and sustainable growth in Hyderabad’s real estate sector.

According to Mr. N Jaideep Reddy, President, CREDAI Hyderabad, “This 25-bps reduction in repo rate and a cumulative reduction of 125 basis points in 2025 will help make credit more accessible at lower rates. With RBI’s proactive liquidity measures—₹1 lakh crore in Open Market Operations purchases—banks have both the mandate and the means to swiftly transmit these benefits to homebuyers encouraging home buyers to avail cheaper home loan rates to pick their dream home. As a step toward affordable housing, the RBI rate cut lowers borrowing costs and supports homebuyers in achieving their homeownership goals. This policy action is timely for Hyderabad’s market, reinforcing confidence among developers and buyers alike.”

Adding to this Mr. B. Jagannath Rao, President Elect, CREDAI Hyderabad said, “The consistent rate reduction in the monetary policy gives homebuyers a window to lock in historically low rates and substantial savings while securing their dream home in India’s most dynamic and affordable metro. With Hyderabad’s average home loan value at ₹75 lakh, the benefits are substantial and immediate:

For a ₹75 lakh loan over 30 years, buyers save nearly ₹4.76 lakh in total interest
The cumulative 125 bps reduction for the year delivers ₹800-₹1,000 monthly relief on a ₹50 lakh loan
These are real, meaningful savings that make homeownership more accessible for Hyderabad’s aspiring families.”

According to Mr. Kranthi Kiran Reddy, Gen Secretary, CREDAI Hyderabad, “Lower interest rates directly increase purchasing power. Buyers can now qualify for larger loan amounts while maintaining the EMI burden, opening doors to better properties and premium locations that were previously just out of reach. For our industry—fuelled by monetary policy, infrastructure development, and job-led demand—this offers a perfect combination for sustained success and growth.”