Mahindra & Mahindra (M&M) has officially completed the acquisition of a 58.96 per cent controlling stake in Ltd. from Sumitomo Corporation and Isuzu Motors, marking a significant move to strengthen its presence in the commercial vehicle (CV) segment.
Mahindra & Mahindra on Saturday said it has completed the acquisition of 58.96 per cent controlling stake in commercial vehicle manufacturer SML Isuzu Ltd and has renamed it as SML Mahindra Ltd (SML). M&M Ltd also said that it has reconstituted the company's board, which will now be headed by Mahindra Group veteran Vinod Sahay as its Executive Chairman.
Kerala-based Federal Bank on Saturday (August 2) reported a 14.7% year-on-year (YoY) decline in net profit to ₹861.8 crore for the first quarter ended June 30, 2025. The profit also fell short of the CNBC-TV poll estimate of ₹933 crore.
Hero MotoCorp reported robust sales figures for July 2025, dispatching 4,49,755 units of motorcycles and scooters — a 21 per cent increase from 3,70,274 units in July 2024. The growth was led by strong domestic demand and a sharp surge in electric vehicle sales under the VIDA brand.
The Indian automotive component and tyre industry could face significant headwinds following the United States' decision to impose a 25 per cent tariff on all Indian imports starting August 7, ratings agency has cautioned.
Sales rise 45.27% to Rs 114.24 crore Net profit of Sirca Paints India rose 39.08% to Rs 14.20 crore in the quarter ended June 2025 as against Rs 10.21 crore during the previous quarter ended June 2024.
Bhopal-based Dilip Buildcon on Saturday, August 2, announced that its joint venture with RBL Bank has been declared one of the lowest (L1) bidders for a railway construction project worth ₹1503.6 crore issued by Gurugram Metro Rail.
Adani Power Ltd reported a net profit of ₹3,305 crore for the June 2025 quarter, reflecting a 15.53% drop from ₹3,913 crore in the same period last year. The company attributed the decline to a combination of lower merchant power tariffs and higher operating expenses linked to recent acquisitions.
The Indian oil refiners continue to purchase oil from the Russian suppliers, sources clarified on Saturday, highlighting that their supply decisions are guided by prices, grade of crude, logistics, and other economic factors. “Indian oil refiners continue to source oil from Russian suppliers.
Indian oil refiners continue to source oil from Russian suppliers, sources told ANI. Their supply decisions are guided by price, grade of crude, inventories, logistics and other economic factors, the sources revealed.
Honeywell Automation India's standalone net profit declined 8.71% to Rs 124.60 crore in Q1 FY26, compared with Rs 136.50 crore in Q1 FY25. However, revenue from operations jumped 23.18% year on year to Rs 1,183.1 crore in Q1 FY26.
ABB India, Federal Bank, Balaji Amines, Mirza International, Neogen Chemicals, and Finolex Industries are scheduled to announce their earnings report for Q1FY26 . A host of other companies also expected to declare their Q1 results today include Medplus Health Services, Advanced Enzyme Technologies, Gujarat Ambuja Exports, Sarda Energy & Minerals, IKIO Technologies, Exxaro Tiles, and Utkarsh Small Finance Bank.
Hindustan Zinc Ltd, in partnership with the All India Football Federation (AIFF), inaugurated the Zinc Football Girls Academy on Thursday in Zawar, near Udaipur, Rajasthan. The AIFF will lend technical and strategic support to Zinc Football Girls Academy to develop women's football.
NMDC has reported a 42.4% rise in iron ore production in July 2025 to 3.09 million tonnes (MT), compared to 2.17 MT recorded in the same month of the previous year. While the company's iron ore sales jumped 13.07% to 3.46 MT in July 2025, compared to 3.06 MT posted in July 2024.
In a surprising turn of events, Maruti Suzuki , the leading carmaker in India, after a very long period has reported an uptick growth for its compact car segment. The carmaker has long been advocating the resurgence in the small car segment for the growth of the Indian passenger vehicle market.
The Mahindra Group has announced a one-time (Esop) grant for 12,000-14,000 employees, including shop floor workers for the first time ever. The move across three core companies—Mahindra & Mahindra (auto and farm sector), Mahindra Electric Automobile and Mahindra Last Mile Mobility —comes amid surging sales and profit on the back of hit products such as the Thar driving the M&M stock up more than 12 times in five years.
Hero MotoCorp, the world's largest two-wheeler manufacturer, had a robust July 2025, dispatching nearly 4.5 lakh (449,755) motorcycles and scooters—a solid 21 per cent jump compared to July last year. This strong showing aligns with retail momentum observed in both urban and rural regions, and with the festive season approaching, the company anticipates continued growth.
Sales rise 14.81% to Rs 104.19 crore Net profit of NGL Fine Chem rose 0.22% to Rs 9.24 crore in the quarter ended June 2025 as against Rs 9.22 crore during the previous quarter ended June 2024.
Sales rise 6.67% to Rs 7250.16 crore Net profit of LIC Housing Finance rose 4.41% to Rs 1363.89 crore in the quarter ended June 2025 as against Rs 1306.30 crore during the previous quarter ended June 2024.
Sales decline 2.09% to Rs 1987.79 crore Net profit of G R Infraprojects rose 57.00% to Rs 244.06 crore in the quarter ended June 2025 as against Rs 155.45 crore during the previous quarter ended June 2024.
Sales rise 80.71% to Rs 724.91 crore Net profit of PC Jeweller rose 3.76% to Rs 161.93 crore in the quarter ended June 2025 as against Rs 156.06 crore during the previous quarter ended June 2024.
Sales rise 59.24% to Rs 373.21 crore Net profit of Multi Commodity Exchange of India rose 83.19% to Rs 203.19 crore in the quarter ended June 2025 as against Rs 110.92 crore during the previous quarter ended June 2024.
Sales rise 15.39% to Rs 1507.27 crore Net profit of Narayana Hrudayalaya declined 2.35% to Rs 196.65 crore in the quarter ended June 2025 as against Rs 201.38 crore during the previous quarter ended June 2024.
Sales reported at Rs 0.06 crore Net loss of Capfin India reported to Rs 0.25 crore in the quarter ended June 2025 as against net profit of Rs 0.01 crore during the previous quarter ended June 2024.
Sales rise 17.05% to Rs 3.02 crore Net loss of Starlog Enterprises reported to Rs 1.99 crore in the quarter ended June 2025 as against net profit of Rs 0.24 crore during the previous quarter ended June 2024.
Sales rise 9.68% to Rs 622.50 crore Net profit of Shakti Pumps (India) rose 4.50% to Rs 96.83 crore in the quarter ended June 2025 as against Rs 92.66 crore during the previous quarter ended June 2024.
Sales rise 60.24% to Rs 8.06 crore Net profit of Tilak Ventures rose 27.01% to Rs 2.21 crore in the quarter ended June 2025 as against Rs 1.74 crore during the previous quarter ended June 2024.
Sales rise 11.32% to Rs 1740.93 crore Net profit of JK Lakshmi Cement rose 163.97% to Rs 150.17 crore in the quarter ended June 2025 as against Rs 56.89 crore during the previous quarter ended June 2024.
Sales decline 20.20% to Rs 26.94 crore Net profit of Dutron Polymers declined 42.67% to Rs 0.86 crore in the quarter ended June 2025 as against Rs 1.50 crore during the previous quarter ended June 2024.
Sales rise 6.39% to Rs 138.79 crore Net profit of Nitta Gelatin India declined 2.49% to Rs 19.17 crore in the quarter ended June 2025 as against Rs 19.66 crore during the previous quarter ended June 2024.
In today's episode of India Ascends, Zomato founder Deepinder Goyal has announced his latest venture into deep-tech with LAT Aerospace, an aviation startup that aims to build a Made-in-India gas turbine engine from the ground up. In a LinkedIn post, Mr Goyal said that LAT is setting up a propulsion research team in Bengaluru to lead the project. NDTV's Gaurie Dwivedi decodes.
Earlier, in June, Larsen & Toubro (L&T) chairman S N Subrahmanyan had said the group’s construction business is facing a shortage of 25,000-30,000 labourers The real estate and infrastructure sectors are currently short of 20 lakh skilled workers — a gap that could widen to 50 lakh over the next five years, according to Niranjan Hiranandani, chairman of the Hiranandani Group.
TCS’ decision is expected to create uncertainty in the Indian IT industry, with industry experts anticipating that other major firms may follow suit Skipping an in-person meeting with the Chief Labour Commissioner (CLC) on the delay in onboarding lateral hires and its recent layoffs, IT services company Tata Consultancy Services (TCS) instead communicated via an email Friday that it will honour all the offer letters it has issued, and that such deferments are a common industry practice, depending on project timelines.
A district consumer commission directed the State Bank of India’s to pay compensation to a customer for failing to notify him about the creation of an overdraft account linked to a disputed debit card transaction. The customer had claimed that this had impacted his CIBIL score.
Beating analysts’ estimates by a narrow margin, Tata Power on Friday posted a 9.2% growth in profit at Rs 1,060 crore in Q1FY26 as compared to Rs 971 crore in Q1FY25. Sequentially, profits grew 1.6%. Analysts had predicted a profit of Rs 1022 crore.
Adani Power (APL) on Friday posted a 13.5% fall in its net profit in Q1FY26 at Rs 3385 crore as compared to Rs 3913 crore in Q1FY25. The company’s revenues also fell 6% in Q1FY,26 to Rs 14109 crore as compared to Rs 14956 crore in Q1FY25.
Looking to enter the Delhi-NCR housing market, Lodha Developers Ltd MD and CEO Abhishek Lodha said the company expects to acquire at least one land parcel this fiscal in this important region for development of its first residential property.At present, Lodha Developers has a significant presence in the Mumbai Metropolitan Region, Pune and Bengaluru housing markets.
UTI Mutual Fund has announced the appointment of Ms. Gayatri Kannan as Vice President & Compliance Officer on the Board of the Trustee Company with effect from August 01, 2025: Details of Ms. Gayatri Kannan Age: 34 years Designation: Vice President & Compliance Officer Qualification: Chartered Accountant, Company Secretary, FRM (GARP US), B.
If you're 20 years old and sitting on Rs 1 lakh, Motilal Oswal co-founder Raamdeo Agrawal has one piece of advice: don’t do anything till you understand it. That, he says, is among the best lessons he’s learned from Warren Buffett, and it applies to both investing and life.In a conversation on Groww’s investor podcast released on YouTube, the Motilal Oswal Financial Services co-founder urged young investors to resist the pressure to act without clarity.
Nippon India Mutual Fund has announced change in fund manager under the following schemes, With effect from 01 August 2025 Table, th, td {border: 1px Solid black; Border-collapse: collapse;} Change in Fund Manager: Name of
Ind-Swift Laboratories will hold a meeting of the Board of Directors of the Company on 13 August 2025.
Profit before tax (PBT) jumped 8.7% YoY to Rs 1,619.46 crore during the quarter. EBITDA stood at Rs 3,930 crore in Q1 FY26, registering a growth of 17%, compared with Rs 3,350 crore in Q1 FY25.
While the company's iron ore sales jumped 13.07% to 3.46 MT in July 2025, compared to 3.06 MT posted in July 2024. Iron ore production in the Chhattisgarh division surged 54.92% YoY to 1.89 MT in July 2025, while sales rose by 9.69% to 2.15 MT, compared to 1.96 MT in July 2024.
While the company's iron ore sales jumped 13.07% to 3.46 MT in July 2025, compared to 3.06 MT posted in July 2024. Iron ore production in the Chhattisgarh division surged 54.92% YoY to 1.89 MT in July 2025, while sales rose by 9.69% to 2.15 MT, compared to 1.96 MT in July 2024.
Aarti Industries announced that the 42th Annual General Meeting(AGM) of the company will be held on 25 August 2025.
Bedmutha Industries will hold a meeting of the Board of Directors of the Company on 7 August 2025.
Mahanagar Gas announced that the 30th Annual General Meeting(AGM) of the company will be held on 22 August 2025.
Tata Power on Friday posted a tad over 6% year-on-year rise in consolidated net profit at '1,262 crore in the June quarter on the back of higher revenues from the renewable as well as transmission and distribution (T&D) businesses.Net profit for the June quarter of the previous fiscal was '1,189 crore.
New-age third party logistics firm Delhivery on Friday reported a 68.5% year-on-year jump in its net profit for the first quarter ended June to ₹91 crore, driven by tighter operations and stable revenue. The company reported a 5.6% growth in its operating revenue at ₹2,294 crore.
Q1 Results Today, 2 August: Federal Bank , ABB India, Sarda Energy and Minerals , Finolex Industries and Medplus Health Services are some of the major companies among the 56 companies that are scheduled to release their Q1 earnings report today on August 2.
