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Pranesh defeats Gukesh in Chennai

Pranesh handed world champion D. Gukesh his second consecutive defeat at the Chennai Grand Masters, delivering the biggest win of his career and shaking up the tournament standings. The event also featured notable results such as Nihal Sarin defeating Arjun Erigaisi and Alireza Firouzja taking sole lead, underscoring the tightly packed field and ongoing drama of the competition.

5 sources

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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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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.

7 sources

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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.

5 sources

Huhtamaki India Q2 Net Profit Up 75% to ₹437.3 Crore; Revenue Rises

Huhtamaki India reported robust Q2 and H1 2026 standalone results, with Q2 revenue around ₹750 crore and net profit about ₹43.7 crore, marking a 70% YoY profit rise, and H1 revenue of ₹1,363 crore with net profit ₹69.33 crore as volume growth and favorable pricing offset higher costs. The company highlighted improved EBIT margins, ongoing efficiency gains, and a CRISIL rating upgrade to AA-/Stable, supported by a disciplined pricing strategy and value-led portfolio shifts.

6 sources

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.

9 sources

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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.

8 sources

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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.

18 sources

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Aditya Birla Sun Life AMC Q1 Profit Surges

Aditya Birla Sun Life AMC reported strong Q1 FY27 results with consolidated net profit of ₹309.49 crore, up about 65% year-on-year, on revenue of ₹462.96 crore and total income of ₹625.35 crore, with basic EPS of ₹10.72; standalone profit stood at ₹311.38 crore on revenue of ₹455.52 crore. The company highlighted sustained AUM growth and a broadened distribution network, with mutual fund AUM around ₹4,277 billion and a multi-channel footprint across 310 locations and 95,500 distributors, while expanding passive and alternative investments.

10 sources

E2E Networks posts 334% Q1 revenue surge

E2E Networks reported a dramatic Q1 FY27 performance with revenue of ₹1.57–1.57 billion, EBITDA of ₹1,179 million and a 75.2% margin, PAT of ₹439 million and earnings per share of ₹2.10, driven by the B200 cluster deployment and an expanded GPU fleet to about 5,100 units. The company also announced strategic moves, including the incorporation of Sovcloud Technologies Limited as a subsidiary and progress on listing on major exchanges, signaling scale-up in both operations and corporate structure.

8 sources

Zaggle approves ₹7.97 crore Unobanc stake

Zaggle Prepaid Ocean Services Limited plans to invest up to 7.97 crore (approximately 79.7 million rupees) to acquire a 19.9% stake in Unobanc Private Limited, with board approvals and completion expected within 90 days as part of a cross-border payments and fintech expansion. The deal, not a related-party transaction, aims to bolster Zaggle’s forex, remittance, and digital banking capabilities leveraging Unobanc’s FFMC license and RBI approvals to serve retail and corporate clients outside India.

6 sources

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Indian steelmakers pivot domestic markets amid EU constraints

{"summary":"Indian steelmakers are shifting away from exports to the domestic market as Europe and Britain tighten import rules and quotas, while a surge of low-priced Chinese steel pressures prices and margins. With export volumes to Europe/Britain potentially down around 40%, producers are betting on domestic demand from infrastructure, autos, and construction, supported by anti-dumping investigations and ongoing expansion plans in India.","summary_sources":["https://voice.lapaas.com/indian-steelmakers-pivot-home-europe-clamps-imports/","https://www.wownews24x7.com/india-steelmakers-face-twin-squeeze-from-eu-and-china","https://www.whalesbook.com/news/English/commodities/Indian-Steelmakers-Face-Export-Curbs-Amid-Low-Cost-Chinese-Imports/6a5f22c2fe1c9287f47898fd","https://www.moneycontrol.com/news/business/europe-shuts-the-door-china-cuts-prices-indian-steelmakers-face-a-twin-squeeze-13979424.html","https://uk.marketscreener.com/news/indian-steelmakers-pivot-home-as-europe-tightens-imports-china-squeezes-margins-ce7f51dbd18bf724"]}

5 sources

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Arvind Fashions Reports 15.5% Revenue Growth, 12.5% EBITDA

Arvind Fashions reported a strong Q1 FY27, with revenue up about 15.5% to roughly ₹1,278-1,279 crore and EBITDA up around 19-20% to ₹160 crore, as margins expanded to about 12.5%. While net profit rose 11% to ₹28 crore, some updates noted a PAT decline due to lower other income, and investors reacted variably to the results.

9 sources

Batliboi wins Rs52 crore SAEL order

Batliboi Ltd's EEG Division has secured a ₹52 crore contract from SAEL Industries to design, supply, install and commission a PEX system for a 6 GW solar cell facility at Jewar, Uttar Pradesh, with commissioning expected in 6–8 months as part of its push into India's indigenous solar manufacturing. The company also announced its 82nd AGM on August 7, 2026, with a proposed final dividend and related voting logistics.

5 sources

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

ACME Solar Signs 300 MW SECI PPA

{"summary":"ACME Solar, through ACME Renewtech Fifth, signed a 25-year SECI PPA for a 300 MW ISTS-connected wind-solar hybrid project at tariffs around ₹3.25 per kWh, expanding its contracted portfolio to 6,870 MW of an 8,070 MW total. The company also pursuing solar-plus-storage deals, including a 1,200 MWh FDRE project at ₹6.28 per unit and a 200 MW solar project with 100 MWh BESS, contributing to an overall roughly 8.1 GW portfolio with multiple PPAs and storage integrations slated to start around 2027–2028.", "summary_sources": ["https://www.business-standard.com/markets/capital-market-news/acme-solar-signs-ppa-with-seci-for-300-mw-hybrid-re-project-126072100191_1.html","https://energetica-india.net/news/acme-solar-signs-25-year-ppa-with-seci-for-300-mw-wind-solar-hybrid-re-project","https://www.wownews24x7.com/acme-solar-unit-signs-25-year-ppa-with-seci-for-300-mw-hybrid-project","https://scanx.trade/stock-market-news/companies/acme-solar-unit-signs-300-mw-ppa-with-seci-at-rs-3-25-per-unit/46149217","https://www.ainvest.com/news/acme-solar-seci-pact-inr3-25-unit-tariff-hybrid-2607/" ] }

10 sources

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AstraZeneca India CFO Bhavana Agrawal to resign

AstraZeneca Pharma India said CFO and Whole-Time Director Bhavana Agrawal will resign to take a regional role within the AstraZeneca Group, effective August 31, 2026, with a multi‑week handover and a search for a successor. Regulatory filings confirm the move as part of global realignment, while the company notes strong FY2025-26 growth, including about 33% higher revenue and solid PAT, underscoring ongoing operational resilience.

5 sources

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Samsung, LG Sweep Energy Winner Awards, Set Record

Samsung Electronics and LG Electronics dominated the 29th Energy Winner Awards, with Samsung winning the Energy Grand Prize for an eighth consecutive year and LG securing a record-tying 12 awards including three grand prizes; both firms highlighted AI-driven, energy-saving technologies across appliances from air conditioners to dishwashers. The ceremony, organized by the Consumer Citizens' Association and supported by the Ministry of Climate, Energy and Environment and the Korea Energy Agency, showcased Samsung's Bespoke AI WindFree Combo Gallery Pro and Infinite Line hood-integrated induction, and LG's Whisen AI Object Collection Tower and other energy-efficient products as leaders in cutting power use.

7 sources