Author: Abizar Attari
News Editor

Mumbai: Heavy electrical infrastructure component manufacturer RIR Power Electronics Limited has seen its Profit After Tax (PAT) rise 18.81% to ₹8.28 crore in FY26 from ₹ 6.72 crore reported last year. The company has witnessed strong domestic growth in its rolling stock, heavy defence traction, and green energy inverter industries. The company has been working to address its order backlog worth ₹17 crores, as the company looks to fulfill its near-term deliveries. Besides this, RIR Power is looking to commission India’s first end-to-end Silicon Carbide (SiC) fabrication plant by July 2026, with the cleanroom construction to get completed soon, with…

For 2026, Acche Din will remain a jumla that makes no sense, with literally no chance of the hope of change. Instead, Acche Din has remained a mirage so far, especially for the hardworking farmers and labourers toiling in the 40 degree heat with no way to escape the current heatwave. And things are going to get worse. According to the Indian Meteorological Department (IMD), this year will see below normal rainfall which will remain 6% below normal. For India, this could already exacerbate the inflationary pressure we’re seeing currently, after fuel prices were raised due to the US-Iran war. …

Mumbai: Power equipment manufacturer APAR Industries has delivered a strong set of numbers for the quarter ended March 31, 2026 with its net profit rising to ₹254.52 crores, a 4% rise from the same period last year. The company has seen demand rise both domestically and internationally as a rising demand for energy and transportation has helped the company. Along with the results, the company’s board has also announced a final dividend of ₹51 per equity share for the financial year 2025-26. The Three Engines of Growth APAR’s performance has come at a time when clean energy and a global…

Mumbai: Retail Non-Banking Financial Company (NBFC) IndoStar Capital Finance Limited has announced a ₹424 crore loss in Q4 FY26 as the company has had to take a credit and accounting hit on its stressed assets. Excluding this, the company has seen a healthy 5% growth in Assets Under Management (AUM) for the quarter at ₹8,056 crores, strengthened by its core vehicle finance business and its emerging property mortgage business. Promising Numbers Underneath the Losses  Despite the cash-only, one time loss, Indostar has seen its retail lending business grow well, with its Net Interest Income (NII) surging 8.9% to ₹215 crore,…

Bengaluru: Luxury furniture designer Stanley Lifestyles Limited reported a 55.5% drop in net profit for the financial year 2026 to ₹130 crore as the company has faced major challenges with slowing B2B demand and heightened supply chain disruptions. Revenues were also down from ₹4,262 crore in FY25  to ₹4,193 crore this time, a 1.6% year on year decline. Despite that, the company has expanded its store network to 71 across its brands, as it aimed to boost its long term omni channel marketing strategy and scale up into newer geographies.  Squeezed by B2B Demand Slump & Logistics Issues Stanley has…

It’s been 18  years since the first Indian Premier League (IPL) tournament was played in India with 8 franchised teams across the country. Since then, the league has lost much of its sheen, even as the event seems to continue to grow grander by the day. With the IPL almost over, we have seen 10 teams competing for the title, up from 8, with the IPL now becoming a yearly summer extravaganza that isn’t as popular as the Cricket World Cup or T20 World Cup, which come once every four years. But the IPL doesn’t feel that special anymore, especially…

Hyderabad: Engineering and infrastructure solutions player Pennar Industries Limited (PIL) has delivered a strong set of financials for the final quarter of the year 2025-26. During this period, the company’s profits rose 14.89% year-on-year to ₹41.04 crore, as against ₹35.72 crore during the same period last year. The company managed to do this despite revenues increasing just 2.2% during the period at ₹933.70 crores as the company showcased its sharp operational leverage and structural cost control measures across its processing plants.  The Operational Leverage The primary catalyst behind this has been a structural shift in its product mix, as it…

Hyderabad: India’s leading homegrown defence startup Zen Technologies Limited has announced the launch of its  Integrated Smart Border Suite (ISBS) as it looks to meet India’s unique defense requirements at the borders. This introduces an interconnected anti-infiltration and counter-hybrid warfare asset that allows India to safeguard its land frontiers. ​This announcement comes after Union Home Minister Amit Shah declared that India will now roll out a nationwide ‘smart border’ project aimed at securing about 6,000 km of borders with Pakistan and Bangladesh using advanced technologies like drones, radar and smart surveillance systems. This suite provides a turnkey command layer capable…

When Shashank Garg co-founded Infocepts in 2004, “data” wasn’t the boardroom buzzword it is today. There were no grand narratives around AI transforming industries, no aggressive investments into analytics infrastructure, and certainly no playbooks for building a data-first enterprise.  Garg, along with his co-founder Rohit Bhayana, had just set up Infocepts with the conviction that ‘data would run the world one day. The company had started in Nagpur, a rather unexpected location for such a startup, but the focus was clear- to help organizations make sense of their data, no chasing shiny trends or shifting focus away from this. And…

Bengaluru: Premium design and technology services firm Tata Elxsi Limited has announced the launch of ViTel™, its advanced solution aimed at medical device original equipment manufacturers (OEMs). Co-developed with material data specialist Viridium AI, this platform aims to address the challenge of scattered data across various solutions to consolidate it for better decision making for supply chain issues. Tata Elxsi aims to launch ViTel™at the DeviceTalks Boston 2026 convention as it looks to standardize and ease compliance issues for this niche audience. Using Viridium AI’s Knowledge Cloud and Chemical Digital Twin solutions, ViTel aims to transform enterprise data and living…