Author: Abizar Attari
News Editor

Mumbai: Specialty chemical manufacturer Fineotex Chemical Limited has seen its consolidated net profit rise 93% year-on-year for Q1 FY 27 as the company worked toward enhancing manufacturing capacity and strengthening its execution capabilities. Along with this, the company’s operating income also jumped 164.48% to ₹386.72 crore for the quarter, with its EBITDA rising 134.69% to ₹59.14 crore. The company commissioned the expansion of its Texas facility, taking its total manufacturing capacity to about 1,48,000 MTPA.  Fineotex Chemicals has successfully integrated its US-based CrudeChem Technologies acquisition into itself, strengthening its presence in the oil and gas specialty chemicals sector. “We delivered…

According to data by the Ministry of Home Affairs, Indians lose almost ₹22,500 crore annually to online financial fraud. In 2025, almost 28.15 lakh cases were reported across the country, with the overall volume of such cyber attacks rising by 24%. Though many of us are now well aware of common tricks used by cyber criminals, there are cases when the cause of the fraud is not due to your negligence, but on the bank’s part or through sophisticated phishing and other cyber attacks. Increased awareness is working, but there can be times when the situation is not in your…

In order to stay competitive, global tech companies have borrowed an unprecedented $489 billion as the AI wave takes over daily operations. According to an analysis by Morgan Stanley, global AI debt issuance could reach almost $570 billion by the end of 2026, more than double from the same investments made last year.  These investments are not just in data centers, LLMs or by leading tech giants, they represent all companies in the ecosystem, representing AI infrastructure providers, enablers and custom solutions providers. According to data by Goldman Sachs, about 40% of the issuances came from AI infrastructure majors Amazon,…

Surat: Actress Mayanka Sharma Patel is all set to make her debut in the Gujarati film industry with the big budget comedy drama “Layak Nalayakk”.After making her mark in the Hindi film industry, Mayanka will be seen in a refreshing new avatar that promises to surprise audiences. Directed by Tanmay Sengupta and produced by Rajesh Patel, Layak Nalayakk has been extensively shot across picturesque locations in London. The film also features some of the biggest names in Gujarati cinema, including Hiten Kumar, Hitu Kanodia, Ojas Rawal, Ashmit Patel, Kiran Acharya, Shekhar Shukla, Sunil Vishrani, and several other celebrated actors. Speaking…

Mumbai: Bajel Projects Limited, a Bajaj Group company, has signed a contract to construct a 500kV high voltage transmission line in Cairo, Egypt worth about ₹400 crore. The project, awarded by the Egyptian Electricity Transmission Company (EETC) involves engineering and designing the towers, route surveys, and structural engineering for the 500 kV overhead lines along with complete construction of the line for this Engineering, Procurement and Construction (EPC) order. This contract win marks a significant milestone for the company, which is aiming to expand its footprint across the Middle East and North Africa (MENA) region.  “Winning these orders is a…

Mumbai: FMCG major Nestlé India Limited reported a 47.9% year-on-year jump in consolidated net profit after tax to ₹958.7 crore for the first quarter ended June 30, 2026, up from ₹659.2 crore in the corresponding period last year. Along with this, revenue from operations also rose 25% year-on-year to reach ₹6,378.2 crore compared to ₹5,096.2 crore in Q1 FY26. The surge was driven by strong domestic and international volume growth and an expanding product reach, despite commodity price inflation for key inputs like cocoa, sugar and coffee. The company’s EBITDA also rose 39.8% also rose to reach Rs.1,538 crore from…

Washington, DC: US President Donald Trump has, once again, ignited fear and uncertainty amongst exporters after he announced up to 200% tariffs on generic drugs in a post on his Truth Social platform. According to the post, President Trump has outlined an initial two year zero tariff window starting on August 1, 2026 that will be followed by a 100% duty after three years and a 200% duty by August 1, 2029. This measure is aimed at compelling global pharmaceutical manufacturers to relocate production directly on American soil. Following the news, the overall Nifty Pharma index dropped 2% while leading…

Mumbai: Ad Tech pioneer InMobi Pte has reportedly appointed JP Morgan Chase, Jefferies Financial Services, Axis Capital and Kotak Mahindra Capital to lead its initial public offering (IPO). If all goes well, the Bengaluru- headquartered company could be valued between $5 billion to $6 billion. According to reports, the IPO could be worth more than $500 million to $1 billion, InMobi has spent months laying the groundwork for this IPO, redomiciling itself from Singapore to India and raising $350 million in debt financing from Varde Partners, SeaTown Holdings, Elham Credit Partners, and other investors as it looks to buy back…

Hyderabad: Cyient DLM Limited’s net profits have risen to ₹16.3 crore for the quarter ended June 30, 2026 from ₹7.5 crore during the same time last year. The integrated electronics manufacturing solutions provider has also seen its revenues grow 34.3% to ₹373.8 crore during the quarter, with its EBITDA growing 56.2% year on year to ₹39.2 crores YoY as well. Cyient DLM’s order books stands at ₹551.9 crores, with a mix of both existing and new customers. The company has seen strong momentum across key business segments, with its aerospace and industrial sectors driving major growth. The company has made…

Pune: Refrigeration and Gas Compression systems player Kirloskar Pneumatic Company Ltd (KPCL) has reported a 21% year on year rise in standalone profit to ₹34 crore from ₹28 crore a year ago. This growth has come after the company worked to improve its operational efficiencies and cost management strategies. The company’s revenues from operations grew a modest 10% for Q1FY27 to reach ₹300 crore, compared to ₹273 crore recorded in the same quarter last year.  KPCL’s EBITDA has grown to ₹54 crore this time, a 23% year-on-year rise, a testament to its operational efficiencies. The company’s order book stands at…