Author: Abizar Attari
News Editor

Bharuch: Borosil Renewables, the solar glass manufacturing arm of the Borosil Group, has swung back to profit for the quarter ended June 30, 2026 as the company has witnessed strong order growth and has exited from its insolvent German subsidiary. The company has reported a consolidated net profit of ₹86.8 crore for Q1 FY26-27, reversing its heavy net loss of ₹170 crore recorded for the corresponding quarter last year. This swing has been supported by a healthy growth in operational revenue and strengthened margins over the years. The company has seen its sales rise to ₹405.69 crore in the quarter…

Mumbai: Listed real estate technology firm Aurum PropTech Limited has announced a binding agreement to acquire 100% of Locon Solutions Private Limited, the parent company of property portal Housing.com. The transaction is set at an enterprise value of ₹458.06 crore and will be executed through a share swap arrangement.  The transaction is expected to close by September 30, with Aurum Proptech issuing 1.97 lakh new equity shares to Locon’s owners, representing about 20.5% of the company’s enlarged share capital.  “Aurum PropTech has entered into a binding Share Acquisition Agreement to acquire 100 per cent of Housing.com in an all-equity transaction,…

Kolkata: Leading hospitality chain ITC Hotels Limited has reported a stellar performance for the quarter ended June 30 as it looks to tap in the surge in demand and also consolidate its portfolio post integration of the Kumarakom Resort & Spa acquisition. The company posted a profit after tax (PAT) of ₹182 crore, a 36% rise from the same quarter last year. Its EBITDA margin has also increased 123 basis points to reach 31% as it is now worth ₹292 crore on a consolidated basis. This growth has come despite the broad softness in the hospitality sector due to dampening…

We may faintly remember learning about the green revolution, which explained how India became self-sufficient in foodgrain production over the years. For India, that was a crucial reform back then, as it helped us become self-sufficient in food grains, a challenge that we had to face considering our growing population. Though it remained a success, it depended on the use of fertilizers and pesticides to protect and boost yields. Due to growing demand, India has had to rely on imports to meet it, and that has continued to this day. Why do we have to import fertilizers? Surging demand has…

Ahmedabad: Solar Engineering, Procurement and Construction(EPC) major GRE Renew Enertech Limited has announced the crossing of 100 MWp (Megawatt peak) in cumulative solar installations, a critical operational milestone. This has come after the company’s total order book has crossed ₹224 crore, driven by fresh commercial and industrial (C&I) projects. This growth has helped the company strengthen its position in the solar energy market, where it has scaled up its implementation capabilities over the years, a trend reinforced by its listing in January this year. GRE Renew has also successfully commissioned its 7.20 MW ground-mounted solar power plant under the RESCO…

New Delhi: The Union Cabinet, headed by Prime Minister Narendra Modi, has officially approved the India Semiconductor Mission (ISM) 2.0 as the government looks to strengthen India’s position in the semiconductor value chain. ISM 2.0 comes with a budgetary allocation of ₹1,27,500 crore, with a wider scope that offers enhanced financial incentives offering equipment manufacturing, specialised raw materials, talent development and in-house research and development (R&D). Under ISM 1.0, the government managed to attract investments for 12 semiconductor fabrication plants across the country, with three- Micron, Kaynes, and CG Power- already commencing operations. Under a financial outlay of ₹76,000 crore,…

Mumbai: US-based generic pharma major Mylan has sold its 5.64% share in Biocon Ltd within 6 months of getting it. The shares were allocated to it as part of an agreement with Biocon following Biocon Biologics’ acquisition of Mylan’s global biosimilars business for $3.33 billion. Initially, Mylan received a 12.9% stake in Biocon Biologics as part of the deal, which was eventually converted into a 5.64% stake in Biocon as Biocon Biologics became a wholly owned subsidiary.  Initially working just as a research partner for Mylan, the biosimilar acquisition helped Biocon transform into a fully integrated, global pharmaceutical company with…

New Delhi: Listed travel solutions firm Mach Travel Solutions Limited has crossed the 85,000+ milestone of facilitating yatri travels under the Punjab Government’s Mukh Mantri Teerth Yatra Scheme. This is a part of a more than ₹92 crore contract signed with the Punjab government to send senior citizens for religious pilgrimages to Salasar Balaji Dham and Khatu Shyam Ji, Haridwar-Rishikesh, and Mathura-Vrindavan free of charge.   The company has been managing nearly 1,000 yatris daily, with about 75-76 buses being managed by the team for end-to-end management. This includes accommodation, destination management, meals, and on-ground coordination. Under the project, the company…

Bengaluru: EV two-wheeler major Ather Energy is all set to launch its new mass market scooter as the company looks to grab a larger share of the growing two-wheeler EV market. Until now, Ather has been working largely in the premium EV segment, with all of its models based on its existing Ather 450 platform.  Though the Bengaluru-based company has an 18.6% market share in the EV two-wheeler segment, it faces intense competition from the likes of Ola Electric, Bajaj, and other players. The company had unveiled the development of the next-generation EL platform at its 2025 Ather Community Day…

New Delhi: The cocktail of rising fuel prices and the lack of rain has started to pinch people’s wallets. According to government-released data, inflation reached 4.38% in June, rising from 3.9% in May, breaching the RBI’s 4% target for the first time in six months.  The disruption in oil supplies from the Middle East due to the US-Iran war forced the goverment to finally hike prices after delaying the same for weeks, forcing transport inflation to skyrocket to 4.31% in June alone. This meant a sharp inflation of 7.70% in freight and good transport services resulting into higher retail prices…