August 13, 2025
Precision engineering firm reports 33% revenue growth, 67% EBITDA rise, and expands capacity with new production lines
A precision engineering company announced its unaudited consolidated financial results for Q1 FY26, reporting a 33% year-on-year increase in revenue to Rs. 2,332 million, driven by a higher value-added product mix and increased operating leverage. Gross profit rose 50.1% to Rs. 891 million, while EBITDA and profit after tax increased 67.3% and 66.9% respectively, reflecting improved manufacturing efficiencies and margin expansion. Despite a slight sequential decline due to geopolitical uncertainties and tariff volatility, the company maintained stable profitability and strengthened its market position. Capacity expansion initiatives included new production lines and advanced machining integration, aiming to increase forging capacity from 100,000 to 150,000 tons annually and machining capacity from 45,000 to 80,000 tons. The company is also developing a greenfield facility and pursuing geographic diversification to mitigate tariff risks, positioning itself for growth as a global precision engineering leader.
August 13, 2025
Oral Care Company Launches Anthem to Promote Kids' Dental Hygiene and Healthy Habits
A major oral care company launched an anthem as part of its ongoing oral health awareness program targeting children. The anthem, created by notable artists, promotes essential dental hygiene habits such as brushing twice daily, proper brushing techniques, timely toothbrush replacement, and healthy eating. The initiative aims to empower children to become advocates for oral health within their communities. The company emphasizes its commitment to sustainability, innovation, and community well-being, highlighting efforts to reduce plastic waste, conserve resources, and support financial and digital literacy programs. This campaign reinforces the company's broader strategy to foster healthier lifestyles and environmental responsibility while maintaining market leadership in oral care.
August 13, 2025
EU Carbon Border Adjustment May Cut India's GDP 0.02-0.03% by 2030 Without Domestic Carbon Tax
India's GDP could decline by 0.02 to 0.03 percent between 2026 and 2030 due to the European Union's Carbon Border Adjustment Mechanism (CBAM) if implemented without a domestic carbon pricing system. The CBAM imposes a carbon price on imports from countries with lower environmental regulations, affecting key Indian export sectors such as iron and steel, aluminium, cement, and fertilisers. An analysis suggests that implementing a domestic carbon tax could offset much of the economic impact by retaining revenue within the country, supporting household consumption, and cushioning industry losses. A hybrid approach combining domestic carbon pricing with CBAM could balance revenue retention and reduce export declines. The study recommends using carbon tax revenues for green subsidies, industrial decarbonisation, and targeted compensation, while diversifying exports and improving energy efficiency to mitigate adverse effects on urban and rural households.
August 13, 2025
Financial Institution Launches UPI-Integrated Branch and ATM with Instant Account Opening and Cash Deposit Features
A financial institution launched a UPI-integrated physical bank branch and ATM in Gurugram, expanding its technology-driven banking services in northern India. The branch offers instant account opening through self-service kiosks, UPI-powered ATMs for cash deposits and withdrawals without traditional banking details, and access to various banking products. This development follows the institution's merger with a small finance bank, enabling it to operate as a full-stack bank with proprietary core banking systems and payment infrastructure. The initiative aims to simplify and digitize banking, making it faster and more accessible across urban and semi-urban areas. The institution focuses on delivering a seamless, transparent banking experience leveraging UPI technology to reduce operational costs and enhance customer convenience.
August 13, 2025
New Advanced Programme in Smart Manufacturing Leadership Focuses on Industry 4.0 Skills for Senior Professionals
An educational institution has launched an eight-month Advanced Programme in Smart Manufacturing Leadership in collaboration with an executive education provider owned by a limited liability partnership. The programme targets senior professionals in manufacturing and related sectors, aiming to equip them with skills in Industry 4.0 technologies such as IoT, AI, robotics, and cloud computing. It focuses on data-driven manufacturing, cybersecurity, strategic and operational management, and leadership to enhance competitiveness and operational excellence. The course combines online sessions with a short campus immersion, facilitating participation alongside professional commitments. This initiative aligns with national policies promoting digital manufacturing and economic growth, supporting the transformation of the manufacturing sector into a global hub. The programme is designed for individuals with significant work experience and emphasizes experiential learning through projects, case studies, and industry interaction.
August 13, 2025
Domestic currency rises 20 paise to 87.43 against US dollar amid easing inflation and market gains
The domestic currency appreciated by 20 paise to close at 87.43 against the US dollar, driven by a weaker US dollar, positive domestic equity market momentum, and cooling inflation. Factors supporting the currency included falling crude oil prices and a lower consumer price index, which eased inflation concerns. However, uncertainties from ongoing trade tariff disputes and foreign institutional investor outflows limited further gains. The currency's rise coincided with expectations of a US Federal Reserve interest rate cut in September. Despite foreign investors offloading equities, domestic indices saw gains. Market participants remain cautious ahead of an upcoming meeting between US and Russian leaders, which could impact trade and geopolitical dynamics.
August 13, 2025
Startup wins national innovation contest to represent country at global tech summit with expert support
A technology startup was declared the winner of a national innovation competition organized by a major professional services firm in India. The competition, now in its fifth year, aims to identify and promote promising tech innovators from the startup ecosystem. The winning startup will represent the country at the global finals held at a major international technology summit, where it will present its innovations and growth plans to an international jury. The competition featured multiple finalists who pitched to a panel of industry experts. The organizer committed to providing ongoing support, including expert coaching, to the winning team as it prepares to compete globally. The initiative seeks to foster innovation, collaboration, and global exposure for emerging technology entrepreneurs.
August 13, 2025
Stock markets surge as US inflation eases and domestic retail inflation hits eight-year low
Stock markets experienced a significant rebound with key indices closing higher due to positive US inflation data and slowing domestic retail inflation reaching an eight-year low. The benchmark index rose by over 300 points, driven by gains in sectors such as metals, automobiles, and pharmaceuticals. Despite global uncertainties and ongoing trade tensions, domestic growth and inflation trends remain favorable for the fiscal year, supported by easing commodity prices and tariff extensions. Foreign institutional investors had previously sold equities, causing a temporary market dip, but recent data and global market rallies contributed to renewed investor confidence.
August 13, 2025
Digital Transformation Company Earns Premier Tier Services Partner Status for Cloud Solutions and AI Integration
A digital transformation solutions company has been awarded Premier Tier Services Partner status within a major cloud service provider's partner network, recognizing its expertise in designing, migrating, and operating cloud workloads securely and efficiently. This status follows a rigorous validation process including technical certifications and reflects the company's long-term investment and successful delivery of complex cloud solutions. The designation highlights the company's capabilities in areas such as AI adoption, legacy system modernization, intelligent automation, scalable DevSecOps, and industry-specific cloud solutions. The company's platforms and services have been deployed across various sectors, enhancing operational efficiency and accelerating cloud transformation for enterprise clients globally.
August 13, 2025
Hospitality Chain Launches Customizable Wedding Campaign with Concierge, Packages, and Complimentary Stays
A leading hospitality chain in India has launched a new wedding campaign offering fully customizable services to cater to individual preferences for wedding celebrations. The campaign provides end-to-end support, including dedicated concierge services, curated packages, and value-added offers such as complimentary stays and honeymoon experiences. With over 140 hotels across multiple destinations, the company aims to deliver culturally relevant and seamless wedding experiences. The initiative reflects the company's commitment to personalized hospitality and professional event management, targeting a growing market demand for tailored wedding services.
August 13, 2025
Wealth Firm Names New Co-Head of Business, Client Relations to Boost Growth and Innovation
A leading wealth and asset management firm in India appointed a new Co-Head of Business, Client Relations, to strengthen its leadership team. The appointee brings over 23 years of experience in financial services, including extensive private banking expertise across domestic and international markets. The firm, which manages assets exceeding USD 78 billion for ultra-high-net-worth and high-net-worth clients, emphasized its commitment to client-centric service and innovation in wealth management. This strategic hire aligns with the company's growth objectives and enhances its capabilities in key regional and international markets. The firm is publicly listed and recognized for multiple industry awards, maintaining a significant presence with over 1,600 employees across India and global financial centers.
August 13, 2025
Renewable Energy Company Earns Great Place to Work Certification for Inclusive, Trust-Based Culture
A renewable energy company backed by a global investor has been certified as a Great Place to Work by a recognized workplace culture institute. The certification was granted following an assessment based on employee feedback covering trust in leadership, fairness, pride, respect, and camaraderie, requiring at least 70% positive responses. The company emphasized its commitment to fostering an inclusive, high-trust environment that empowers employees and supports sustainable business growth. This recognition aligns with the company's ongoing expansion in the clean energy sector and its dedication to maintaining a people-first culture while advancing its renewable energy portfolio in India.
August 13, 2025
Thermal Power Plant Tops Emission Efficiency with Lowest Emission Intensity and Power Consumption Rates
A thermal power plant operated by a wholly-owned subsidiary of a major engineering company has been recognized as the best-performing supercritical coal-based plant in India for lowest emission intensity in its capacity category. A recent report by a prominent environmental think tank assessed emission factors across coal-based thermal plants nationwide and identified this plant as a top performer, with an emission factor of 0.84 tonne/MWh, outperforming the national average of 0.97 tonne/MWh. The report also noted the plant's auxiliary power consumption rate as the lowest in the sector at 4.62 percent. This recognition highlights the plant's compliance with environmental standards and its contribution to reducing emissions in the coal power sector.
August 13, 2025
Prominent Artist Wins Mahakavi Neeraj Samman 2025 for Excellence in Arts and Advertising Innovation
A prominent figure in literature, cinema, and advertising has received the Mahakavi Neeraj Samman 2025 for contributions to Indian arts and has been inducted into the International Advertising Association Hall of Fame. The individual's notable works, including a celebrated biographical film and a theatrical production exploring cultural themes, continue to engage audiences. Recognized with multiple prestigious awards, the person integrates poetry, cinema, and branding in their creative endeavors. They emphasize authentic expression and the evolving nature of storytelling, particularly in the context of emerging technologies like AI, while affirming the enduring importance of narrative quality. Future projects span film, theatre, and literature, reflecting a commitment to meaningful storytelling across mediums.
August 13, 2025
Real estate firm partners with youth for sustainable, inclusive urban planning and launches fellowship program
A real estate development company partnered with an educational institution's Model United Nations event focused on future urban development, creating a platform for youth engagement on sustainability and inclusive city planning. The collaboration included launching a youth fellowship program inviting student delegates to envision future cities, and featured a symbolic installation representing collective ideas for urban improvement. The company also released a booklet outlining contemporary urban development principles applied in its projects. This partnership emphasizes the company's commitment to integrating young voices into urban planning and reflects a strategic approach to brand engagement centered on purposeful community involvement rather than promotion.
August 13, 2025
Farmers Key to India's 2047 Economy Goal with Sustainable Practices and Long-Term Climate Financing
A national summit on sustainable agriculture emphasized that achieving India's goal of becoming the world's largest economy by 2047 requires placing farmers at the center of economic growth and adopting sustainable practices. Government officials, industry leaders, and experts highlighted the need for long-term financing focused on climate-resilient infrastructure rather than short-term loans. Innovative crop diversification and strong market linkages were identified as key to improving farmer incomes and environmental sustainability. The event recognized district-level bureaucrats and organizations contributing to sustainable farming and rural development. Stakeholders agreed that integrating innovation, financing, grassroots leadership, and market opportunities is essential to empower farmers and ensure inclusive, sustainable agricultural growth aligned with national economic objectives.
August 13, 2025
Political Leader Slams Lack of Clear Plan and Funding for IDP Resettlement During President's Rule
The state political leader criticized the absence of a clear plan for restoring peace in the conflict-affected region, highlighting inadequate budget allocations for rebuilding homes and supporting internally displaced persons (IDPs) during President's Rule. The leader expressed dissatisfaction with the limited development and security funding, ongoing displacement issues, and the recent tax amendments, arguing they fail to address the region's unique challenges. Despite prior government announcements promising phased resettlement of IDPs, little progress has been observed. The leader also accused central authorities of neglecting constitutional rights enforcement and failing to engage with the local population's hardships, underscoring a perceived lack of effective government intervention in restoring stability and addressing the socio-economic fallout from the unrest.
August 13, 2025
Former Athlete Questioned Under PMLA for Alleged Money Laundering via Illegal Online Betting Apps
The Enforcement Directorate questioned a former professional athlete in connection with an alleged illegal online betting app money laundering case under the Prevention of Money Laundering Act. The investigation focuses on the individual's endorsements of a betting application, seeking details on endorsement fees and communications. The agency has also questioned representatives of major tech companies and conducted multi-state searches related to similar betting apps. The probe targets multiple illegal betting platforms accused of defrauding investors and evading taxes. The online betting market in the country is substantial and rapidly growing. The government has issued numerous orders to block unregistered online betting platforms under the Information Technology Act and the Integrated Goods and Services Tax Act. Betting and gambling regulation primarily falls under state jurisdiction, with the central government providing support through advisories and funding for law enforcement capacity building.
August 13, 2025
New Premium Gypsum Plaster Launched with 25% More Coverage and Faster Application Benefits
A construction materials manufacturer launched a new premium gypsum plaster product designed to improve coverage, application speed, and surface finish in the building industry. The product claims to offer 25% greater coverage than existing market standards, faster application times, enhanced durability, moisture resistance, and thermal and acoustic insulation benefits. The company emphasized the product's innovation and quality, positioning it as a benchmark in the premium gypsum plaster segment. The launch event, attended by industry stakeholders, highlighted the product's advanced formulation and potential cost savings for builders and homeowners. The manufacturer operates multiple production facilities, exports internationally, and maintains a significant distribution network.
August 13, 2025
Ratings Agency Forecasts 3.5% Inflation with Strong Crops and Stable Oil Prices, Signals More Rate Cuts
A ratings agency projected headline inflation to average 3.5 percent in the current fiscal year, down from 4.6 percent the previous year, attributing this to strong agricultural output and controlled food inflation. The report noted increased crop sowing and anticipated stable crude oil prices between USD 60 and 65 per barrel, which would help limit non-food inflation. It also expected an additional reduction in the policy interest rate, following a cumulative 100 basis point cut already implemented, supported by sufficient liquidity and effective transmission. Retail inflation has significantly declined, falling below the lower threshold of the central bank's target range, enhancing household purchasing power and potentially allowing for further monetary easing.
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