October 26, 2026: WeWork India reported strong Q2 FY27 performance, with revenue rising 32% year-on-year to ₹768.7 crore and profit after tax increasing 67% to ₹65.8 crore. Paytm announced plans to invest up to ₹500 crore in Paytm Cloud Technologies, which will invest an equivalent amount in Paytm Singapore over the next 12 months. Other corporate developments include Nazara Technologies’ Q2 FY27 results approval, amendments to 3M India’s healthcare business agreements, and leadership changes at HEG’s power subsidiaries.
Top Corporate Headlines
- WeWork India Reports 67% Growth in Q2 Profit After Tax
WeWork India reported Q2 FY27 revenue of ₹768.7 crore, up 32% year-on-year, while EBITDA rose 38% to ₹162.9 crore and profit after tax increased 67% to ₹65.8 crore. The company added 11,700 desks during the quarter, recorded occupancy of 83.7% and ended the quarter with net cash of ₹23.1 crore.
- Paytm Plans ₹1,000 Crore Investment Across Paytm Cloud Technologies and Singapore Entity
One 97 Communications, the parent company of Paytm, announced plans to invest up to ₹500 crore in its wholly owned subsidiary, Paytm Cloud Technologies Limited. Paytm Cloud Technologies will, in turn, invest up to ₹500 crore in Paytm Singapore Pte. Ltd. over the next 12 months to support working capital, investments and business expansion.
- Nazara Technologies Approves Q2 FY27 and H1 FY27 Financial Results
Nazara Technologies’ board approved the company’s unaudited consolidated and standalone financial results for the second quarter and first half of FY27 at its October 26, 2026, meeting. The board also approved a revised policy for determining the materiality of events and information, along with an updated list of key managerial personnel authorised to make disclosures.
- 3M India Amends Healthcare Business Agreements, to Receive US$13 Million
3M India amended agreements governing its healthcare business following product divestitures by Solventum to Thermo Fisher. The amendments include removing certain divested products from the distribution agreement, subject to conditions, and extending the agreement’s term for the remaining products by two years to a total of seven years from execution. 3M India will receive US$13 million from Thermo Fisher as compensation for the divested products.
- SMC Global Securities Reports Financial Results and ₹1,500 Crore NCD Fundraising
SMC Global Securities announced unaudited standalone and consolidated financial results, along with its half-yearly statements of assets and liabilities and cash flows. The company also reported raising ₹1,500 crore through non-convertible debentures listed on October 14, 2026, and its board approved the issuance of up to one crore convertible warrants. The supplied disclosure refers to Q2 FY25 and H1 FY25 results, which should be verified against the original filing.
- Spice Islands Industries Commences Packaged Drinking Water and Soda Production
Spice Islands Industries commenced production of packaged drinking water, club soda, flavoured soda and allied products. The development follows a June 2026 board approval for a memorandum of understanding with Erva Food & Beverages Pvt. Ltd. covering manufacturing, bottling, packaging, supply and marketing.
- HEG Appoints Riju Jhunjhunwala as Chairman of Two Power Subsidiaries
HEG announced leadership changes at Malana Power Company Ltd. and AD Hydro Power Ltd. Riju Jhunjhunwala will become additional director and chairman of both subsidiaries from November 3, 2026. Ravi Jhunjhunwala will relinquish the chairmanship but continue as managing director of Malana Power Company for five years from November 1, 2026. Om Prakash Ajmera will become joint managing director and CEO of both subsidiaries for five years from November 1, 2026, and relinquish his CFO role.
