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Trident Q1 profit up 13%; board approves subsidiary

Trident Ltd posted a consolidated net profit of ₹158 crore for Q1 FY27 on revenue of ₹1,786.8 crore, marking about a 13% YoY gain as the yarn and home textiles segments supported margins around 17%. The board also approved the formation of a wholly-owned subsidiary to bolster brand-building, marketing and overseas growth.

6 sources

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Google's Nuvem cable connects US Portugal

Google’s Nuvem subsea cable connects Myrtle Beach, South Carolina, with Sines, Portugal, routing through Bermuda and the Azores over about 7,000 km to provide a 384-terabit-per-second data corridor between the U.S. and Europe. The deployment reinforces Portugal’s role as an Atlantic gateway and hub for AI-driven data centers, aided by renewable-energy-powered infrastructure and major tech investments.

7 sources

Photo: Securities Exchange Board of India / Wikimedia Commons (Public domain)

SEBI Sets Aug 1 Promoter Buyback Freeze

SEBI has operationalised an ISIN-level freeze on promoter and promoter-group holdings during share buybacks, with depositories instructed to implement the necessary systems by August 1, 2026. Promoters may tender shares in tender-offer buybacks, and pre-existing encumbrances can be invoked or released, while the freeze remains in effect across these scenarios.

6 sources

Photo: JSW Group / Wikimedia Commons (CC BY-SA 2.0)

JSW Infrastructure Q1 profit falls, revenue climbs

JSW Infrastructure posted revenue growth driven by port and cargo operations, but first-quarter and June-quarter profits declined due to higher costs, even as the company strengthened its balance sheet with a ₹7,503 crore QIP. The group remains committed to a large capex plan and a growth trajectory to double cargo handling capacity to 400 MTPA by 2030, supported by ongoing port expansions and asset diversification.

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Welspun Specialty Solutions posts Q1 profit, margins rise

Welspun Specialty Solutions posted Q1 FY27 revenue of about ₹194 crore and net profit of ₹5.16 crore, returning to profitability after a loss last year, aided by better operational efficiency and lower finance costs. Revenue dipped around 3-4% year-on-year to support EBITDA of ₹10.54 crore and expanded EBITDA margin to 5.4%, driven by stable demand in alloy and stainless steel for defense, energy, and heavy engineering sectors.

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Adani Total Gas Q1 Profit Drops 14%

Adani Total Gas posted Q1 FY27 revenue of ₹1,907 crore and a consolidated net profit of ₹142 crore, with profit dipping year-on-year due to higher gas procurement and operating costs that compressed margins (EBITDA around ₹270 crore and a 14% margin). Revenue growth supported by expanding CNG/PNG networks and volume, while costs rose and profitability came under pressure.

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Maruti Suzuki plans price hikes up to ₹30,000

Maruti Suzuki India will raise prices of its entire model lineup by up to ₹30,000 from August 2026 due to sustained increases in input costs and inflation, marking a second portfolio-wide hike after June. The company says it has tried cost-reduction measures but must pass on some costs to customers, with the exact amount varying by model.

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Photo: Army National Guard Staff Sgt. Matthew Scotten, Indiana National Guard. / Wikimedia Commons (Public domain)

Zen Technologies Secures ₹177.5 Crore MoD Simulator Order

Zen Technologies has secured multiple Indian Ministry of Defence contracts, including a ₹177.5 crore order to upgrade Tank and Crew Gunnery Simulators to be completed within a year, and a ₹180 crore order that expands its defence training simulators and anti-drone offerings, significantly boosting its order book. The company is also scaling up domestic, indigenously sourced capabilities through Vector Technics’ expanded drone propulsion production, aligning with Atmanirbhar Bharat/IDDM policies and strengthening revenue visibility.

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TVS Motor Q1 Profit Surges 67%

TVS Motor posted a strong Q1 FY27 with net profit up around 51% to 67% year-on-year and revenue increasing about 33-38%, underpinned by robust demand in domestic and international markets and record quarterly sales across motorcycles, scooters, and EVs. The board also approved raising up to ₹10 billion through non-convertible debentures and commercial papers to fund growth, including capital expenditure and debt refinancing.

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Atlanta Electricals Q1 Profit Surges, Shares Fall

Atlanta Electricals reported robust Q1 FY27 results with consolidated net profit of ₹46.84 crore and standalone ₹53.09 crore as revenue from operations rose about 46-48% to around ₹466.33 crore, with EBITDA margins near 16.5–16.6% and continued capacity expansion in high-voltage transformers. The company is leveraging a strong order-book, pursuing higher-capacity and EHV capabilities, while IPO proceeds have been largely utilized and the results reflect seasonality with the March quarter typically stronger.

7 sources

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Citroen launches Basalt X Comfort Edition

Citroen India has unveiled the Basalt X Comfort Edition for the coupe-SUV at an ex-showroom price of ₹8.75 lakh, making it the second model to receive the Comfort Edition after the Aircross and coinciding with the brand’s 108th anniversary. The edition emphasizes premium interior upgrades and personalization through Comfort AXS packs that add features such as Metropolitan Beige leatherette seats, JBL audio, dash cameras, a wireless charger and a 10-inch Android touchscreen, with two 1.2-litre petrol engine options (NA and turbo) and multiple transmission choices.

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Glenmark's RYALTRIS gains FDA approval for children 6–11

The U.S. FDA expanded the indication for RYALTRIS to include children aged 6 to less than 12 with Seasonal Allergic Rhinitis, broadening its use alongside adults and older youths. The approval, supported by a Phase 3 trial of 446 children showing improved nasal symptoms and good tolerability, coincides with Glenmark’s plan to transition to direct U.S. commercialization by April 1, 2026.

8 sources