Author: Abizar Attari

Kolkata, October 31: Eveready Industries India Limited has announced a strong surge in its half yearly net profits as it grows 209% since the same period last year, driven by sustained consumer demand and an expanded distribution footprint. For the quarter ended September 30, 2026, the dry cell battery and lighting manufacturer saw a net profit of ₹31.9 crores, while consolidated revenues from operations stood at ₹428.2 crore, for Q2 FY27, growing 10.7% year on year (YoY). The quarter marked the eighth consecutive quarter of topline revenue growth, as robust sales across its core battery and flashlight categories held up…

Bengaluru, October 31: Ola Electric Mobility Founder and CEO Bhavish Aggarwal has committed ₹265.14 crore to participate in the company’s ₹1,000 crore rights issue, pledging a 4.32% stake as the EV maker looks to stabilize its finances. The capital raise closed on October 30, providing crucial support to the company as it addresses ongoing financial pressures. The rights issue opened for subscription on October 22, 2026, offering up to 37.03 crore partly paid-up equity shares at ₹27 per share. Bhavish Aggarwal also participated in the entitlement by pledging a portion of his own shareholding without selling existing equity. The proceeds…

New Delhi, October 30: Audio visual solutions provider Purple Wave Infocom Limited has won a significant ₹9.25 crore contract from Samsung Data Systems, the company said in a press release. According to the terms stated, Purple Wave is responsible for deployment, installation and maintenance of custom audio-visual solutions across 90 automotive showrooms across India. This order showcases the company’s capabilities to supply and maintain specialised audio-visual infrastructure for retail automotive environments, allowing it to offer advanced digital communications and display technologies directly into customer facing retail spaces. The order comes with a five year service commitment, ensuring uninterrupted technical support,…

Ludhiana, October 30: Textile major Sportking India has reported a strong financial performance for the quarter ended September 30, 2026, with the company registering a 240% rise in profit after tax (PAT) to Rs.96.4 crore, driven by favorable realizations and strong market demand.  This has come despite production volumes remaining largely flat at 21,296 MT for the quarter.  Besides this, the company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) have grown 136.8% to Rs.156.9 crore while its EBITDA margin has reached 19.8% for Q2 FY27 an improvement of 940 bps.This was made possible by the company’s improved product realisation and…

New Delhi, October 30: Leading agricultural equipment manufacturer Escorts Kubota Limited (EKL) has announced plans to implement a price increase across its tractor range after Diwali due to sustained cost inflation across raw materials, manufacturing operations and global logistics. EKL has witnessed compressed profit margins across the product portfolio, and it is aiming to revise prices across the Kubota, FarmTrac and PowerTrac Tractor range in November 2026 after Diwali. Over the past several months, EKL has implemented a series of measures to optimize its operations and costs to mitigate the rising costs. Even after doing that, it has absorbed a…

Pithampur, October 28: Propeller shaft manufacturer Adroit Industries (India) Limited has reported a profit after tax (PAT) of ₹85.47 crore for the second quarter ended September 30, 2026 as the company has been working to fulifll orders for 13 new customers added during the quarter. Beyond this, the company has successfully diversified into high-margin segments, including specialized defense mobility systems and heavy industrial machinery components. This diversification has helped it enhance product margins and operational volume growth during the quarter. To keep pace with the rising demand, the company is looking to progressively scale up its production capabilities till the…

Mumbai, October 28: Managed office spaces provider Awfis Space Solutions Limited has expanded its portfolio by opening about 1.45 lakh sq ft of premium workspace across major Indian business hubs. The expansion directly addresses the surging demand for high end flexible workspaces among corporate clients, modern professionals and fast growing enterprises. The additional capacity is concentrated primarily in Mumbai, Pune and New Delhi. It comes with a mix of customized managed office setups, private corporate cabins, flexible flexi-decks, and fixed desk options to accommodate diverse operational models. The office spaces are located mainly at the Prestige Tech Forest in Bengaluru,…

Mumbai, October 28: Agritech company Jain Irrigation Systems Limited is aiming to earn biochar carbon credits of up to 19,000 tonnes as the company looks to convert its agricultural waste processing capabilities into valuable carbon removal assets. The company is looking at credits for the 2026-27 period from its industrial facility in Jalgaon where it uses a specialised gasification process to convert agricultural and food processing residues into biochar- a stable form of carbon that can remain stored in soil for extended periods or be used as a fertilizer. In a press release, the company said it has signed a…

Mumbai, October 27: India’s second-largest port operator JSW Infrastructure Limited reported a 11% decline in Profit After Tax at ₹328 crore for the quarter ended September 30 due to unrealized foreign exchange losses and depreciation expenses. Despite this, the company has witnessed a 8% year on year growth in cargo handling volumes and sustained revenue gains across its core business segments. During the quarter, JSW Infrastructure has achieved consolidated revenue from operations at ₹1,480.92 crore, marking a solid increase compared to ₹1,265.59 crore reported in the corresponding period last year, a 17% rise. The company’s port operations remained its primary…

Mumbai, October 27: Tata Motors has moved a step closer to acquire Italian commercial vehicles giant Iveco, with 87.8% of its shareholders approving the transaction, the company said in a press release. Factoring in Iveco’s existing treasury stock, Tata Motors indirect holding reaches 89.24%, comfortably crossing the 80% acceptance threshold needed to buyout a company. The voluntary tender offer, valued at about €3.43 billion (over ₹38,000 crore) has been priced at €14.40 per share. Now that Tata Motors has won the majority shareholder approval, it will now initiate a pre-agreed post-offer demerger and asset sale strategy to acquire 100% of…