August 13, 2025
Jewelry Retailer Doubles Quarterly Profit to Rs 104.6 Cr with 30% Revenue Growth and Store Expansion
A jewelry retail company reported a more than twofold increase in consolidated net profit to Rs 104.6 crore for the quarter ended June, compared to Rs 51.3 crore in the previous year, driven by strong retail sales and operational efficiencies. Revenue rose 30 percent to Rs 1,826.2 crore, marking the highest first-quarter revenue in the company's history. Same-store sales grew by 19.6 percent, with significant contributions from markets outside the eastern region. EBITDA increased by 68.8 percent to Rs 183.5 crore, with margins improving due to a better product mix and cost control. The company expanded its retail network by adding 10 new showrooms, totaling 186 stores across multiple states and the UAE. The company reaffirmed its annual guidance targeting 18-20 percent revenue growth, EBITDA margins of 6.8-7.2 percent, and PAT margins of 3.7-4 percent.
August 13, 2025
Pistachio Company Showcases High-Protein Nut Benefits and Marketing Success at Health Snacking Summit
A company specializing in pistachio cultivation and distribution participated in a health-focused snacking summit in India, promoting pistachios as a high-protein, nutritious snack aligned with evolving consumer preferences for functional foods. The company highlighted its successful marketing strategies that positioned its product as a leading snack nut brand in the U.S. and emphasized its nutritional benefits, including essential amino acids and protein content comparable to other plant-based sources. The event also featured the release of a report indicating a significant consumer shift toward health-driven snacking choices. The company's efforts included targeted digital campaigns to increase market penetration among urban health-conscious consumers. This participation underscores the company's commitment to expanding its market presence by aligning product offerings with current health trends without compromising taste.
August 13, 2025
Logistics Company Showcases Solutions to Boost Semiconductor Industry Growth at Major India Exhibition
A logistics company will participate in a major semiconductor industry exhibition in India, showcasing its comprehensive logistics solutions and infrastructure developments supporting the country's semiconductor sector growth. This marks the company's second consecutive year at the event, which aims to position India as a global hub for semiconductor design, manufacturing, and technology. The company seeks to strengthen existing relationships, establish new partnerships, and support client business expansion within the semiconductor industry. The exhibition will be held in New Delhi from September 2 to 4, 2025, featuring various stakeholders including manufacturers, suppliers, and logistics providers.
August 13, 2025
US Tariffs Impact Exports for Six Months; Focus Shifts to Innovation, Diversification, and Economic Independence
The Chief Economic Advisor stated that the impact of US tariffs on exports will likely last no more than six months, with initial sectors like gems, jewellery, shrimps, and textiles bearing the brunt. The government is engaged with affected industries and will provide policy updates soon. The advisor emphasized that while tariffs pose short-term challenges, longer-term issues such as reliance on a single country for critical minerals, artificial intelligence adoption, and supply chain vulnerabilities require greater private sector involvement. He urged the private sector to focus on strategic, long-term growth and innovation, highlighting the need for increased investment in research and addressing public health concerns. The advisor also noted the importance of diversifying import sources and cautioned against overdependence on adversarial nations for critical resources, stressing the need for policies supporting economic independence and job creation.
August 13, 2025
AI-Powered Credit Underwriting Platform Cuts Loan Processing Time by 85% with Section 230 Compliance
A technology company has launched an AI-powered credit underwriting platform designed to accelerate loan processing for banks and non-banking financial companies. The platform automates complex credit assessments, reducing underwriting time by up to 85% and enabling institutions to handle twice the number of loan applications with existing staff. It integrates advanced AI models with domain-specific tools to perform expert-level analysis, extracting and reconciling financial data in real time while ensuring compliance with regulatory standards. The system provides audit-ready, explainable risk assessments with full traceability to source documents, addressing key challenges in AI adoption within regulated financial services. Deployed across multiple regions, the platform supports increased operational productivity and transforms traditional credit workflows into efficient, scalable processes without compromising accuracy or regulatory compliance.
August 13, 2025
Gold prices drop Rs 500 amid stockist selling; silver steady as markets watch US economic data and Fed talks
Gold prices in the national capital decreased by Rs 500 to Rs 1,01,020 per 10 grams due to ongoing selling by stockists, while silver prices remained unchanged at Rs 1,12,000 per kilogram. Overseas, spot gold rose marginally, trading near USD 3,350 per ounce as markets awaited key US economic data and Federal Reserve officials' speeches for guidance on monetary policy. Political pressures on the Federal Reserve to lower interest rates have increased gold's appeal as a safe-haven asset. Market participants are also monitoring upcoming diplomatic talks between the US and Russia, which may influence future gold price movements.
August 13, 2025
S&P Global: US Tariffs on Indian Imports Won't Impact Economic Growth or Sovereign Rating Outlook
S&P Global Ratings stated that recent US tariffs on Indian imports, increasing duties to 50 percent, will not affect India's economic growth or its positive sovereign rating outlook. India's economy is not heavily trade-dependent, with exports to the US constituting about 2 percent of GDP. Key export sectors to the US, such as pharmaceuticals and consumer electronics, are exempt from tariffs. S&P projects India's GDP growth at 6.5 percent for the current fiscal year, unchanged from the previous year. The agency also noted that investment flows into India are driven more by domestic market potential than export opportunities to the US. Despite the tariffs, the positive outlook on India's sovereign rating remains intact, reflecting confidence in the country's robust economic fundamentals and growing domestic demand.
August 13, 2025
New Term Insurance Plan Offers Flexible Coverage, Life Event Enhancements, and Optional Riders Under Section 45
A life insurance company launched a new term insurance product designed to meet evolving consumer protection needs. The plan offers flexible coverage options, including level cover, increasing cover with automatic annual increments, and coverage enhancements at significant life events without additional medical underwriting. It provides various death benefit payout methods and optional riders such as spousal coverage and accident benefits. The product supports long-term protection with whole life options, affordable premiums, and multiple payment terms, available through physical and digital channels. The insurer emphasizes customer-centric service, ethical claim settlement, and broad accessibility across demographics, supported by a large distribution network and regulatory compliance. The launch reflects the company's commitment to adapting insurance solutions to changing financial responsibilities and life stages.
August 13, 2025
Precision engineering firm reports 33% revenue growth, 67% EBITDA rise, and expands capacity with new production lines
A precision engineering company announced its unaudited consolidated financial results for Q1 FY26, reporting a 33% year-on-year increase in revenue to Rs. 2,332 million, driven by a higher value-added product mix and increased operating leverage. Gross profit rose 50.1% to Rs. 891 million, while EBITDA and profit after tax increased 67.3% and 66.9% respectively, reflecting improved manufacturing efficiencies and margin expansion. Despite a slight sequential decline due to geopolitical uncertainties and tariff volatility, the company maintained stable profitability and strengthened its market position. Capacity expansion initiatives included new production lines and advanced machining integration, aiming to increase forging capacity from 100,000 to 150,000 tons annually and machining capacity from 45,000 to 80,000 tons. The company is also developing a greenfield facility and pursuing geographic diversification to mitigate tariff risks, positioning itself for growth as a global precision engineering leader.
August 13, 2025
Oral Care Company Launches Anthem to Promote Kids' Dental Hygiene and Healthy Habits
A major oral care company launched an anthem as part of its ongoing oral health awareness program targeting children. The anthem, created by notable artists, promotes essential dental hygiene habits such as brushing twice daily, proper brushing techniques, timely toothbrush replacement, and healthy eating. The initiative aims to empower children to become advocates for oral health within their communities. The company emphasizes its commitment to sustainability, innovation, and community well-being, highlighting efforts to reduce plastic waste, conserve resources, and support financial and digital literacy programs. This campaign reinforces the company's broader strategy to foster healthier lifestyles and environmental responsibility while maintaining market leadership in oral care.
August 13, 2025
EU Carbon Border Adjustment May Cut India's GDP 0.02-0.03% by 2030 Without Domestic Carbon Tax
India's GDP could decline by 0.02 to 0.03 percent between 2026 and 2030 due to the European Union's Carbon Border Adjustment Mechanism (CBAM) if implemented without a domestic carbon pricing system. The CBAM imposes a carbon price on imports from countries with lower environmental regulations, affecting key Indian export sectors such as iron and steel, aluminium, cement, and fertilisers. An analysis suggests that implementing a domestic carbon tax could offset much of the economic impact by retaining revenue within the country, supporting household consumption, and cushioning industry losses. A hybrid approach combining domestic carbon pricing with CBAM could balance revenue retention and reduce export declines. The study recommends using carbon tax revenues for green subsidies, industrial decarbonisation, and targeted compensation, while diversifying exports and improving energy efficiency to mitigate adverse effects on urban and rural households.
August 13, 2025
Financial Institution Launches UPI-Integrated Branch and ATM with Instant Account Opening and Cash Deposit Features
A financial institution launched a UPI-integrated physical bank branch and ATM in Gurugram, expanding its technology-driven banking services in northern India. The branch offers instant account opening through self-service kiosks, UPI-powered ATMs for cash deposits and withdrawals without traditional banking details, and access to various banking products. This development follows the institution's merger with a small finance bank, enabling it to operate as a full-stack bank with proprietary core banking systems and payment infrastructure. The initiative aims to simplify and digitize banking, making it faster and more accessible across urban and semi-urban areas. The institution focuses on delivering a seamless, transparent banking experience leveraging UPI technology to reduce operational costs and enhance customer convenience.
August 13, 2025
New Advanced Programme in Smart Manufacturing Leadership Focuses on Industry 4.0 Skills for Senior Professionals
An educational institution has launched an eight-month Advanced Programme in Smart Manufacturing Leadership in collaboration with an executive education provider owned by a limited liability partnership. The programme targets senior professionals in manufacturing and related sectors, aiming to equip them with skills in Industry 4.0 technologies such as IoT, AI, robotics, and cloud computing. It focuses on data-driven manufacturing, cybersecurity, strategic and operational management, and leadership to enhance competitiveness and operational excellence. The course combines online sessions with a short campus immersion, facilitating participation alongside professional commitments. This initiative aligns with national policies promoting digital manufacturing and economic growth, supporting the transformation of the manufacturing sector into a global hub. The programme is designed for individuals with significant work experience and emphasizes experiential learning through projects, case studies, and industry interaction.
August 13, 2025
Domestic currency rises 20 paise to 87.43 against US dollar amid easing inflation and market gains
The domestic currency appreciated by 20 paise to close at 87.43 against the US dollar, driven by a weaker US dollar, positive domestic equity market momentum, and cooling inflation. Factors supporting the currency included falling crude oil prices and a lower consumer price index, which eased inflation concerns. However, uncertainties from ongoing trade tariff disputes and foreign institutional investor outflows limited further gains. The currency's rise coincided with expectations of a US Federal Reserve interest rate cut in September. Despite foreign investors offloading equities, domestic indices saw gains. Market participants remain cautious ahead of an upcoming meeting between US and Russian leaders, which could impact trade and geopolitical dynamics.
August 13, 2025
Startup wins national innovation contest to represent country at global tech summit with expert support
A technology startup was declared the winner of a national innovation competition organized by a major professional services firm in India. The competition, now in its fifth year, aims to identify and promote promising tech innovators from the startup ecosystem. The winning startup will represent the country at the global finals held at a major international technology summit, where it will present its innovations and growth plans to an international jury. The competition featured multiple finalists who pitched to a panel of industry experts. The organizer committed to providing ongoing support, including expert coaching, to the winning team as it prepares to compete globally. The initiative seeks to foster innovation, collaboration, and global exposure for emerging technology entrepreneurs.
August 13, 2025
Stock markets surge as US inflation eases and domestic retail inflation hits eight-year low
Stock markets experienced a significant rebound with key indices closing higher due to positive US inflation data and slowing domestic retail inflation reaching an eight-year low. The benchmark index rose by over 300 points, driven by gains in sectors such as metals, automobiles, and pharmaceuticals. Despite global uncertainties and ongoing trade tensions, domestic growth and inflation trends remain favorable for the fiscal year, supported by easing commodity prices and tariff extensions. Foreign institutional investors had previously sold equities, causing a temporary market dip, but recent data and global market rallies contributed to renewed investor confidence.
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