Author: Abizar Attari
News Editor

Mumbai, August 10: Electrical component maker Kaycee Industries finds itself in a difficult position as the company is caught between ambition and consistency. For the quarter ended June 2026, the company reported a 19.84% decline in net profit to ₹1.15 crore as it had to address the operating losses with its EV charging infrastructure acquisition, Ultrafast Chargers Limited.  Though the company’s core electrical component business witnessed a 12.87% growth in revenue to ₹60.25 crore, its net profits were affected by elevated raw material costs, with the material costs as a percentage of sales rising to 62.17%, affecting its margins.  Financial…

Darbhanga, August 8, 2026: In a major milestone for Bihar’s Makhana farmers, the first ever sea consignment of Mithila Makhana (fox nut) has been exported to Australia. Facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA), the 18-tonne shipment will provide local farmers with prices nearly 18% higher than prevailing domestic market rates. Union Commerce and Industry Minister Piyush Goyal hailed the shipment as a milestone for India’s superfood exports and growth in agricultural income under APEDA’s global market integration strategy. By bypassing multiple intermediary channels, this direct export deal will enable participating farmer-producer organizations (FPOs) and…

Bengaluru, August 8, 2026: Space tech startup Astrobase Space Technologies has unveiled India’s first privately built 800 kilonewton (kN) Full-Flow Staged Combustion (FFSC) LOX-Methane rocket engine, making it only the fourth private company to achieve this feat. Named ‘Everest’ the engine has been developed after years of trial and error, as it involved complex engineering that has only been commercialsed by SpaceX’s Raptor engine so far.  This remains a big achievement for India, which has proved it has what it takes to achieve technological criticality.  This technology is known to be highly efficient, as it does not waste any propellant.…

Kolkata, August 8, 2026: Household battery and lighting manufacturer Eveready Industries has reported a 22% year-on-year rise in consolidated net profit to ₹37 crore. Revenues grew 9% during the same period to ₹407.7 crore, despite challenges with rising input costs.  The company has recently commenced production at its Jammu facility, India’s only alkaline battery facility. The plant is expected to support import substitution, manufacturing localisation and long-term cost and operating leverage. Demand for its rechargeable LED flashlights has boosted per-unit realizations, helping mitigate the rising input costs for zinc, manganese dioxide and polymers. With a strong domestic market share of…

New Delhi, 07 August: India’s medical device industry is expected to emerge as a global powerhouse with a projected market size of $250 billion by 2047, according to FICCI-DUA Consulting White Paper on ‘Service and Maintenance of Medical Equipment in Indian Healthcare – Towards a Safe, Reliable and Sustainable Medical Device Maintenance Ecosystem’. The White Paper released during the inaugural session of the 9th edition of ‘India Medical Device 2026’, organised by the Department of Pharmaceuticals in association with FICCI today says that India’s medical device sector, currently valued at around $14 billion, is projected to reach $30-50 billion within this decade, and likely to reach $250 billion…

Bengaluru, August 8: Dynamatic Technologies Limited has reported a strong 93% year-on-year (YoY) rise in consolidated net profit for the first quarter ended June 30, 2026 (Q1 FY27). The Bengaluru-headquartered precision materials and engineering major has benefited from delivery ramp ups across global aerospace platforms, higher export realizations, and favorable stronger gains due to a weaker rupee. Following the results, the company’s board of directors has declared an interim dividend of ₹3/share for FY27, with August 14 as the record date for eligible shareholders.  Key Financial Overview The company’s performance has expanded across international divisions, with revenues supported by OEM…

Mumbai, August 7: India’s leading pure play renewable player Inox Green Energy is likely to remain in focus today with its net profit surging 85% year on year to ₹40.7 crore in Q1FY27 from ₹22 crore in the same period last year.  For the Operations and Maintenance (O&M) service provider, the earnings coincide with regulatory approval from the National Company Law Tribunal (NCLT) Ahmedabad bench for its acquisition of Wind World’s India’s O&M portfolio, allowing it to realize long-term recurring cash flows to the tune of ₹550 crore. Overall, the company could expect about ₹600 crore in recurring annual revenues. …

Mumbai, August 7: State Bank of India (SBI) shares will remain in focus today as it has reported a 10.2% year-on-year (YoY) rise in net profit to ₹21,121 crore for the first quarter ended June 30, 2026 (Q1 FY27). This has beaten street estimates, following strong credit demand, double-digit growth in interest income, and lower bad loan provisions, which have boosted profits.  The company has seen its Net Interest Income (NII) increase to ₹46,992 crore from ₹40,907 crore, a 15% rise from last year, with its net interest margin(NIM)  has expanded 7 basis points over the past three months.  With…

Hyderabad, August 06: Building materials provider BirlaNu (formerly HIL Limited) has reported a sharp 153% rise in net profit for the quarter ended June 30, 2026 despite challenges with supply chain issues due to the conflict in the Middle East. Instead, the company has worked to sharpen its execution skills, boost its operational efficiencies and offer a reliable supply to its customers.  For the company, this has meant that its EBITDA has reached ₹98 crore, surging 71% year on year while its operating margins have grown 410 bps overall, led by its pipes and roofs business. In fact, its roofs…

Mumbai, August 6: Shares of state-run defence aeronautics major Hindustan Aeronautics Limited (HAL) have risen over 5% on Thursday, August 6 following its management’s strong operational outlook for FY27. The company has a record-high order book worth ₹2,54,538 crore, with the revenue visibility spanning 7-8 years across its manufacturing and maintenance, repair and overhaul (MRO) divisions.  According to HAL’s management, the Navratna PSU is targeting a 10-12% year-on-year growth, with its operational revenues reaching ₹33,050 crore in FY26, a 7% year on year growth. Its EBITDA for the year has also reached ₹13,472 crore, with an operating margin of 30%.…