I Squared Capital is reportedly exploring an exit from its smart metering company, Polaris Smart Metering, engaging Impact Infracap to manage the process. The potential sale values Polaris at approximately $200 million, a little over two...
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Firozabad, a major glass manufacturing hub, is struggling with severe output cuts, now running at only 50-60% capacity. Geopolitical issues have disrupted natural gas supplies, and a government mandate limits usage to 80% of previous lev...
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Orient Cement reported a strong 31.7% rise in fourth-quarter net profit, reaching ₹55.4 crore. This gain was driven by a significant jump in EBITDA margins to 16.7% from 12.5%, even as revenue dropped 21.6% to ₹647.2 crore. The company p...
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India has initiated a strategic three-year waiver on intellectual property application fees to spur innovation, particularly in the sports goods sector. This policy aims to empower startups and MSMEs, bridging the significant gap in rese...
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Rashtriya Ispat Nigam Limited (RINL) is set to receive a ₹8,097 crore equity infusion from the Centre, its second major rescue package in two years. Despite recent operational improvements and a shift to positive net worth in FY25, large...
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The Indian government is injecting ₹242 crore into lab-grown diamond (LGD) research via IIT Madras, aiming to establish a world-class ecosystem. This initiative, coupled with skill development programs like the one at IIGJ Udupi, seeks t...
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Skipper Ltd reported a strong Q4FY26, with profit after tax soaring 63% year-on-year to ₹78.06 crore. Revenue climbed 29.4% to ₹1,666.58 crore. The board recommended a 10% dividend. Strong performance in engineering products and order ex...
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Greenply Industries posted a record consolidated quarterly revenue of ₹776.2 crore, up 19.6%, and an 86.4% surge in net profit to ₹30.7 crore for Q4 FY26. This profit increase was significantly influenced by a ₹15.2 crore one-time item....
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UltraTech Cement reported strong Q4 results with 9% volume growth and record unit EBITDA. Despite aggressive expansion and a positive demand forecast, the stock fell after the announcement. Investors are now concerned about rising input...
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Vedanta Limited is set to complete its long-awaited demerger on May 1, 2026, separating its aluminium, oil & gas, power, and iron & steel businesses into distinct listed entities, with shareholders receiving a 1:1 share ratio. While anal...
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India's Manufacturing, Engineering, and Infrastructure sector is set for strong growth, with 70% of companies planning to hire. Net job growth is expected at 6.6% in the first half of FY2026-27, boosted by investments and government poli...
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India's factory output growth decelerated to 4.1% in March 2026, down from 5.2% in February, Statistics Ministry data revealed. While manufacturing and mining sectors contributed positively, a stark divergence appeared in use-based class...
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REC Ltd. reported a 21.7% drop in net profit for Q4 FY25-26, falling to ₹3,375 crore on lower revenue. This contrasts sharply with a record annual profit for the full fiscal year. The company is paying a final dividend of ₹1.55 per share...
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India's industrial activity grew 4.1% in March 2026, a slowdown from February. Investment-led areas like capital goods showed strength, but consumer demand for everyday goods lagged. Electricity output also slowed, contributing to the ov...
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Drone maker ideaForge Technology is partnering with Japan's Digital Media Professionals (DMP) to create advanced AI drones for the Japanese market. The deal involves integrating DMP's Di1 AI technology into ideaForge's drones and using D...
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Dalmia Bharat reported a 10.3% drop in net profit for fiscal Q4 2026, falling to ₹394 crore, even as revenue grew 3.8% to ₹4,245 crore and EBITDA rose 13.7% to ₹902 crore. This quarterly dip contrasted with a strong 65.5% profit increase...
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Dalmia Bharat's fourth-quarter results showed revenue rising 3.8% to ₹4,245 crore and EBITDA surging 13.7% to ₹902 crore. However, net profit fell 11% year-on-year to ₹387 crore. The board recommended a ₹5 per share final dividend, but t...
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India's industrial sector faces critical vulnerabilities, with imports from China surging to $131.63 billion in 2025-26, representing 16% of total imports and 30.8% of industrial goods. This dependency, concentrated in electronics, machi...
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TeamLease Services is contesting a ₹184.58 crore show-cause notice from the Employees’ Provident Fund Organisation (EPFO) over its PF trust's administration. The notice cites investment losses and alleged misappropriation from prior inve...
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Vardhman Special Steels shares surged after a 72% Q4 FY26 profit jump to ₹33.97 crore, driven by cost controls. Full-year profit climbed 31%, but revenue was flat. The company proposed a ₹3.5 dividend. The stock advanced in a down market...
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Mitsu Chem Plast is building a fully automated manufacturing plant to enter the Intermediate Bulk Container (IBC) market. The facility is set to launch by Q2 FY27 and represents a significant investment to meet growing demand in India an...
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AGI Greenpac stock jumped nearly 16% after reporting a Q4 FY26 profit of ₹115 crore on revenue growth. However, a slight year-on-year EBITDA dip and significant margin compression suggest the profit gain wasn't driven by core operations....
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Contemporary Amperex Technology Co. Ltd. (CATL) secured $5 billion through a Hong Kong share placement, pricing shares at HK$628.20, a 7% discount. The offering, the largest in Hong Kong this year, saw the stock decline due to investor s...
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Emkay Global Financial maintains its BUY recommendation for UltraTech Cement, setting a price target of ₹13,000. The cement giant reported robust consolidated EBITDA growth of 21% year-on-year, exceeding industry volume expansion and dem...
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CLSA started coverage of UltraTech Cement with a strong 'Outperform' rating and a ₹13,800 target price, pointing to solid Q4 FY26 results boosted by higher volumes and better operations. While UltraTech Cement is expanding aggressively a...
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India has officially become a net finished steel exporter in fiscal year 2025/26, shipping 6.6 million metric tons while importing 6.5 million. This shift resulted from a large jump in exports and a drop in imports, supported by strong d...
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Bain Capital-backed Dhoot Transmission has acquired Bengaluru-based MULTILINK, a key supplier of electrical and electronic products for two and three-wheeler OEMs. This strategic move aims to capitalize on the accelerating trend towards...
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Tata Steel Limited has secured a significant legal victory, with the Orissa High Court quashing two demand notices totaling over ₹4,313 crore. These demands, related to alleged shortfalls in mineral dispatch from its Sukinda Chromite Blo...
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Ultratech Cement (UTCEM) reported a strong Q4 FY26, hitting record EBITDA and a ₹240 dividend, while surpassing 200 MTPA domestic capacity. However, rising input costs and competition in FY27 pose challenges, despite positive analyst views.
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