Author: Abizar Attari

New Delhi, November 7: Surya Roshni Limited, a leading steel pipes, lighting and consumer durables manufacturer, has announced its unaudited results for the quarter ended September 30, with its Profit After Tax (PAT) growing just 3% to ₹77 crore from ₹74 crore during the same period last year. This has come despite the company witnessing a strong 33% year on year (YoY) growth to ₹2,448 crore on the back of sustained demand from both retail and commercial segments. Growing input costs of copper, steel and aluminium, along with staggered price rise across the industry have impacted the company’s profitability, with…

San Francisco, November 7: OpenAI Labs, the Artificial intelligence pioneer, has raised about $11 billion in fresh funding, valuing the company at $1.25 trillion, lower than its $30 billion target. This fundraising comes amid dampened interest amongst investors in AI companies. If OpenAI could raise $30 billion, it would have reached a $1.4 trillion valuation, but had to scale back its ambitions, Bloomberg reported earlier on Friday. Coatue Management, SoftBank Group, T. Rowe Price, Sequoia Capital, Founders Fund, Andreessen Horowitz, and a few UAE-based investors led the funding round, with OpenAI reportedly keeping it open and targeting a $20 billion…

Ahmedabad, November 5: Plumbing and building materials major Astral Limited has reported a 26% year-on-year increase in its consolidated revenue for the quarter ended September 30, the company said in a regulatory filing. This revenue growth came even as the company struggled to maintain margins due to elevated polymer and other raw material costs, eventually passing them on to the clients. Along with that, the company reported a 5.6% decline in Profit After Tax (PAT) at ₹ 12.73 crore excluding other income. The company’s EBITDA has also declined to 13.7% for Q2 FY27, from 17% during the same period last…

New Delhi, November 5: Leading logistics and e-commerce enablement platform Shiprocket has scripted a turnaround for Q2 FY27, reporting a net profit of ₹0.60 crore as against a net loss of ₹20.3 crore for the same period last year. The recently listed company has worked to optimize its operations and has seen strong growth in its emerging business segment, which helped narrow its Adjusted EBITDA margin from 31.5% to 21.2%. During the quarter, the company used proceeds from its recent initial public offering (IPO) to pay down most of its corporate debt, resulting in a leaner balance sheet and lower…

Noida, November 04: Financial Software provider Nucleus Software Limited has won another client in Vietnam, with Shinhan Vietnam Finance Company Limited (Shinhan Finance) having selected its FinnOne Neo 3.0 platform to modernize its consumer facing operations. This is the fourth biggest client Nucleus has onboarded in the Southeast Asian country, after HDBank, Vietcombank, Viet Capital Bank and MB Bank. Under the agreement, Shinhan Finance will integrate FinnOne Neo 9.0 to manage its end-to-end lending lifecycle, including customer acquisition, credit decisioning, loan servicing, and debt collection management. The platform incorporates artificial intelligence (AI)-driven credit assessment algorithms that ease loan processing, automate…

Gurugram, November 03: Leading hospital chain brand Medanta, operated by Global Health Limited, has reported a 38.3% year-on-year rise in Profit After Tax (PAT) for the second quarter ended September 30, reaching ₹219.1 crore. Along with this, revenues from operations have reached ₹1.469 crore, a 33.6% YoY rise for Q2 FY27. This growth has come as the hospital chain has worked to expand its reach through bed additions, while also witnessing strong growth in patient volumes. The main expansions came from its Lucknow and Noida hospitals, with 25 new beds added at Lucknow and another 49 in Noida. Overall, Medanta’s…

Nagpur, November 02: MMP Industries Limited, a leading aluminum products manufacturer, has reported a 73% year-on-year increase in its  profit after tax (PAT) for the second quarter ended September 30, 2026. This has come despite its EBITDA margins dropping 136 basis points due to fluctuating metal prices and inventory-related valuation losses.  The company’s overall revenues grew 34% for the quarter, reaching Rs.25.2 crore, as it worked to enhance operational efficiencies alongside strong export growth.  The Nagpur-based company has seen strong demand for its aluminum powders and high-grade foils, while its aluminum conductors witnessed a revenue decline.  “The Company achieved its highest-ever…

Mumbai, November 2: WalkAbout, India’s peer-to-peer community for active agers, concluded its WalkAbout Startup Accelerator Program for entrepreneurs aged 55 and above with a Demo Day at Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) in Andheri West, Mumbai on October 31st, 2026. The event marked the culmination of a 12-week program that supported 100 entrepreneurs aged 55 and above as they started, structured and grew their businesses. Participants took part in practical online business sessions, in-person workshops, peer learning groups and one-on-one mentorship from WalkAbout Startup Advisors. They worked on refining their products, pricing and brand stories,…

Ahmedabad, November 02: Ambuja Cements Limited, the Adani Group’s flagship cement major, has announced a massive ₹14,500 crore investment plan to ramp up capacity to up to 30 million tonnes per annum (MTPA). The expansion strategy comes at a time when it is looking to strengthen the company’s footprint in supporting the nation’s accelerating infrastructure development. The company is aiming to deploy the cash across 14 projects, with a combination of integrated manufacturing facilities and strategically located grinding units, with an aim to reach 149 MTPA by FY28 and up to 155 MTPA by FY30. The expansion includes adding new…

Kolkata, October 31: Cement major Birla Corporation Limited has reported a 58.9% decline in net profit for Q2 FY27, as the company has struggled with lower realilsations and inflated input costs. The company’s net profit declined to ₹37 crore for the quarter ended September 30, 2026 from ₹90 crore reported in the same period last year despite cement sales growing 7% year on year (YoY) to reach 4.54 million tonnes (mt) during the quarter. The MP Birla Group’s flagship company has seen its EBTIDA decline 32.3% during the quarter to ₹482 per ton, as against ₹712 per ton reported last…