Blog

31 Jul

Adani Energy Solutions Plans Fresh Fundraising After ₹3,500 Crore Institutional Issue

nanikaBusiness

Adani Energy Solutions may launch another institutional share sale in the next financial year, after raising around ₹3,500 crore through a similar fundraising exercise this week, according to sources familiar with the matter. The company, part of billionaire Gautam Adani’s ports-to-power conglomerate, is considering another Qualified Institutional Placement (QIP) as it looks to strengthen its capital base and support future expansion plans. The company already has shareholder approval to raise up to ₹10,000 crore through share issuances in one or more tranches. Over the past eight months, Adani Group companies have raised approximately $4.75 billion through QIPs and rights issues.…

31 Jul

Big Update on Jasprit Bumrah’s Fitness Ahead of India’s Two-Test Series vs Sri Lanka

sunnySports

Team India have received a major boost ahead of next month's two-Test series against Sri Lanka, with star fast bowler Jasprit Bumrah being declared fit by the BCCI's Centre of Excellence in Bengaluru. Bumrah was included in the squad only after successfully clearing his fitness assessment. The pacer had suffered an impact injury during the recent ODI series against England, which forced him to miss the third ODI at Lord's. According to a senior BCCI official quoted by PTI, Bumrah has made a full recovery and completed all the mandatory fitness tests at the Centre of Excellence. The official also…

31 Jul

Waterlogging Disrupts Life Across Churachandpur Town

Sonakshi SarkarManipur

Heavy rainfall triggered flash floods and widespread waterlogging across Manipur's Churachandpur district on Thursday, inundating several parts of the district headquarters town and disrupting normal life. Officials said no loss of life had been reported. After hours of continuous rain, floodwaters rapidly accumulated in several localities, leaving roads, residential areas and public spaces under water. Tuibong was among the worst-affected areas, where knee-deep water was reported at several locations, causing major inconvenience to residents. Roads across the town were submerged and resembled flowing streams, slowing vehicular movement and making it difficult for people to travel. Traffic was disrupted in many…

31 Jul

SEBI Grants In-Principle Approval for ₹1,491 Crore Settlement with NSE Over Past Lapses

anuprovaBusiness

The Securities and Exchange Board of India (SEBI) has granted in-principle approval to the National Stock Exchange of India (NSE) to settle long-standing regulatory cases for ₹1,491.21 crore. The agreement clears the single largest legal hurdle for the country’s premier bourse as it accelerates preparations for its long-awaited initial public offering (IPO). The settlement resolves proceedings tied to the high-profile co-location and dark-fibre cases, which involved allegations of governance lapses and failure to provide equal market access to all trading members. Under the agreed-upon terms, the settlement allocates ₹1,223.6 crore toward the co-location case and ₹267.7 crore to close the…

31 Jul

ArcelorMittal posts stronger second-quarter earnings on improved steel prices and European recovery

Business BureauBusiness

Global steel and mining major ArcelorMittal reported stronger financial performance for the second quarter ended June 30, 2026, driven by improved steel prices, resilient demand and better profitability across its operations, particularly in Europe. The company posted sales of $16.76 billion, up from $15.46 billion in the previous quarter, while EBITDA rose 22.9 per cent sequentially to $2.06 billion. Net income increased to $683 million, with earnings per share improving to $0.90 from $0.76 in the first quarter. The company also reported an EBITDA margin of $155 per tonne, reflecting gains from strategic investments, asset optimisation and diversified market exposure.…

31 Jul

Sanofi Consumer Healthcare India reports steady Q2 growth on strong domestic demand

Business BureauBusiness

Sanofi Consumer Healthcare India Limited reported a steady financial performance for the second quarter of FY26, posting a 7% year-on-year rise in revenue to ₹2,357 million, supported by robust domestic demand and improved profitability despite softer export sales. The company said domestic sales grew 12% during the quarter, driven by its product relaunch strategy, while export sales declined 9% due to a high base in the corresponding period last year. Profit Before Tax (PBT) increased 16% year-on-year to ₹919 million, reflecting stronger operational execution and disciplined cost management. For the first half of FY26, Sanofi Consumer Healthcare India recorded revenue…

31 Jul

Jawa Yezdi strengthens brand connect through Shaurya Vijay Yatra with Indian Army

Business BureauBusiness

JawaYezdi Motorcycles, in partnership with the Indian Army, has concluded the 1,900-km Shaurya Vijay Yatra at the Kargil War Memorial in Dras on Kargil Vijay Diwas, reinforcing its brand association with patriotism, heritage and adventure motorcycling. The expedition, which began at the National War Memorial in New Delhi, brought together serving and retired defence personnel, Veer Naris, families of Kargil martyrs and civilian riders to honour the courage and sacrifice of soldiers who fought in the 1999 Kargil War. A defining feature of the expedition was the ceremonial transportation of sacred soil from the National War Memorial to the Kargil…

31 Jul

Maruti Suzuki launches new Brezza Turbo Boosterjet with sporty performance

Business BureauBusiness

Maruti Suzuki India Ltd on Friday launched the new Brezza Turbo Boosterjet, expanding its popular compact SUV portfolio with a performance-oriented variant aimed at young and aspirational buyers. The new model is available at an introductory starting price of ₹7.39 lakh (ex-showroom) and features a 997cc Turbo Boosterjet engine paired with a 6-speed manual transmission and Progressive Smart Hybrid Technology. The company said the new Brezza has been designed to suit the evolving lifestyles of India's youth, combining a bolder exterior, refreshed styling, advanced safety features and enhanced connectivity. The Turbo Boosterjet produces 81 kW of power and 170 Nm…

30 Jul

Tawang DC Chairs DTFI Meeting, Reviews Immunisation and Health Infrastructure Gaps

ParomitaArunachal Pradesh

The District Task Force for Immunisation (DTFI) meeting was chaired by Tawang Deputy Commissioner, Namgyal Angmo in Tawang on Thursday.During the meeting, the deputy commissioner directed officials to assess gaps in human resource requirements and reviewed infrastructural gaps within the health department across Tawang.The meeting was attended by DMO Dr. TD Namsa, DRCHO Dr. Rinchin Neema, Executive Engineer, DUDA, Phurpa Lamu, DPC ISSE, Dhondup, along with representatives from other line departments, Medical Officers and Health and Wellness Officers from across the district.The DRCHO presented the current status of immunisation coverage in the district.The DMO called for collective efforts to make…

30 Jul

Bajaj Finance AUM Crosses ₹5.47 Trillion as Q1 Profit Climbs 27%

nanikaBusiness

Bajaj Finance Limited reported a strong financial performance for the first quarter of FY27, with consolidated net profit attributable to owners rising 27.4 per cent year-on-year to ₹5,985.75 crore for the quarter ended June 30, 2026. The company’s profit growth was supported by higher net interest income and continued expansion in its assets under management (AUM). The lender’s consolidated AUM increased 23.9 per cent to ₹5.47 trillion as of June 30, 2026, compared with ₹4.41 trillion during the same period last year. The company added ₹36,969 crore to its AUM during the quarter, reflecting strong growth across its lending operations.…