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USL Q1 net profit rises to ₹463 crore

United Spirits posted a roughly ₹6,113–₹6,122 crore revenue for Q1 FY27 with standalone net profit surging about 51.5% to ₹391 crore, led by a double-digit rise in the Prestige & Above segment even as the popular portfolio declined due to state policy changes. The company also advanced strategic moves, including a ₹2.69 crore investment to acquire 10.08% of Nuvola Spirits and the planned sale of Royal Challengers Sports, owner of the RCB franchise, while continuing to leverage its premium portfolio and sports-related revenue mix.

8 sources

AMD-Anthropic deal to deploy 2 GW AI compute

AMD and Anthropic unveiled a deal worth up to $5 billion in equity from AMD in exchange for tens of billions of dollars of AMD’s AI server chips, enabling as much as 2 gigawatts of compute capacity with the first gigawatt online in the first half of 2027. The partnership aims to diversify Anthropic’s compute away from Nvidia and Google TPUs, intensifying AI infrastructure competition as AMD positions itself as a significant supplier alongside other cloud providers and partners.

35 sources

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Sona Comstar DENSO form two EV powertrain JVs

Indian auto components maker Sona Comstar and DENSO plan two joint ventures to design and manufacture electric and hybrid powertrain systems across 2-, 3-, and 4-wheelers in India. The high‑voltage, liquid‑cooled unit will be owned 51% by DENSO with management control, while the 2/3‑wheeler unit involves transferring Sona’s existing business to a subsidiary, with DENSO taking 49% and Sona retaining 51% and control; both deals are subject to regulatory approvals and closing conditions to accelerate India's EV push.

9 sources

Temasek Plans $10B India Investment Over Three Years

Temasek plans to invest about $9-10 billion in India over the next three years, broadening its exposure into industrials and artificial intelligence while maintaining bets in consumer, financial services, and healthcare. The $42 billion-strong India portfolio is being positioned for long-term growth with continued emphasis on AI, renewables, and domestic-market strengths, including a target to raise AI share to roughly 15% of its global portfolio by 2031.

9 sources

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Shoppers Stop Q1 FY27 loss narrows, revenue rises

Shoppers Stop posted a consolidated Q1 FY27 net loss of ₹14.25 crore as revenue rose 11.2% to ₹1,291.4 crore, aided by eight new store openings and continued premiumisation, beauty growth and Intune formats. The retailer noted higher costs and a slight dip in EBITDA margins but also highlighted a strong loyalty program of 1.38 crore members, ongoing ESOP activity, and a push toward debt-free status by FY27 amidst robust premium and beauty demand.

8 sources

Photo: খাঁ শুভেন্দু / Wikimedia Commons (CC BY-SA 4.0)

UCO Bank Q1 Profit Up 8%, NII 17%

UCO Bank posted an 8% year-on-year increase in quarterly net profit to about ₹656 crore, driven by a 17% rise in net interest income and lower provisions. The bank also saw asset-quality improvements, with gross NPA at 2.08% and net NPA at 0.25%, alongside a notable decline in provisions for the quarter.

7 sources

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SRF posts 76% Q1 profit jump, revenue up

SRF reported Q1 FY27 consolidated net profit of ₹758.9 crore on revenue ₹5,033 crore, up about 76% and 32% respectively, with EBITDA around ₹1,237 crore and margin of 24.6%, and the board declared an interim dividend of ₹5 per share. The quarterly gains were broad-based, led by the Performance Films & Foil, Chemicals, and Technical Textiles segments, with a ₹250 crore capex plan to build a 25,000 MTPA BOPET thick-film line to diversify and mitigate cyclicality.

6 sources

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Jubilant Ingrevia Q1 profit up 41% to ₹105.82 crore, revenue ₹1,300.27 crore

Jubilant Ingrevia posted consolidated Q1 FY27 net profit of ₹105.82 crore on revenue of ₹1,300.27 crore, up about 40-41% and 25% respectively, with EBITDA margins around 15.3-15.5% as performance improved across its Speciality Chemicals, Nutrition & Health Solutions and Chemical Intermediates segments; investors reacted positively with a rise in the stock.

10 sources

CSB Bank Q1 profit rises; shares fall

CSB Bank posted a strong Q1FY27 with net profit of ₹150 crore, up about 26% YoY, supported by a 26% rise in net interest income to ₹479 crore and total income of ₹1,516 crore; deposits and advances grew around 26% and 24% respectively, aided by a 47% jump in gold loans. However, asset quality softened slightly to gross NPA 1.75% and net NPA 0.39% while provisions rose to ₹49 crore, and the stock fell about 5–7% following the results.

10 sources

Carnelian Asset Management Secures SEBI Mutual Fund Approval

Carnelian Asset Management & Advisors has secured SEBI approval to launch a mutual fund business, enabling it to offer active and passive funds across equity, debt and hybrid categories to retail investors, alongside its PMS, AIFs and offshore strategies. With over ₹18,300 crore in AUM and 8,600+ clients served via 710+ partners as of June 30, 2026, the firm positions itself to capitalize on India's expanding mutual fund industry, which totals over ₹82 lakh crore AUM and tens of millions of folios and SIPs, while founder Vikas Khemani emphasizes deeper penetration beyond metros and growth opportunities in rural India.

6 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

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

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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

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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

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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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.

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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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.

6 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