Business – Page 38 – THE ECONOMIC INDIA

14 Aug

Kennametal India Delivers Strong Q4 FY26 Performance

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Bengaluru (Karnataka) [India], August 14: Kennametal India Limited (KIL) concluded Q4 FY26, ended June 30, 2026, with strong revenue growth. Sales increased by 47.68% year-over-year to ₹ 4776 Mn, compared to ₹ 3234 Mn in the same quarter last fiscal year, driven by broad-based demand across end-use segments. The Hard Metal segment delivered strong performance in terms of volume growth, enabling the Company to effectively navigate evolving market dynamics. Profit Before Tax (PBT) grew year-over-year to ₹ 1184 Mn compared to ₹ 413 Mn in the corresponding quarter last year. Vijaykrishnan Venkatesan, Managing Director, KIL, said, “We are pleased to…

14 Aug

Ankit Gems, a De Beers Sightholder, Enters Retail with Eyora Jewels

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From certified provenance to a tech-driven natural diamond solitaire jewellery programme, AnkitGems’ new venture brings natural diamond solitaires to a new generation of consumers Mumbai (Maharashtra) [India], August 14: Born from a legacy of excellence in diamonds as an Ankit Gems alliance, Eyora Jewels led by Mr. Ankit Shah, Mr. Ankit Singh Kimtee and Mr. Samyak Kataria, is a retail venture built to reinforce consumer interest in natural diamonds. Eyora Jewels Private Limited brings together a powerful blend of diamond expertise, sourcing provenance, and business discipline introducing a technology-driven, natural diamond solitaire jewellery programme, designed to empower retail jewellers to…

14 Aug

VMS TMT Limited Announces Q1 FY27 Results

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VMS TMT Limited Delivers 16.16% YoY Revenue Growth in Q1 FY27 Gandhinagar (Gujarat) [India], August 14: VMS TMT Limited, a Gujarat-based manufacturer of TMT Bars and Billets, announced its Unaudited Financial Results for the quarter ended June 30, 2026. The Company delivered a positive start to FY27, supported by its integrated manufacturing capabilities, in-house billet production and established distribution network across Gujarat. During the quarter, VMS TMT continued to strengthen operational efficiency, enhance manufacturing integration and focus on consistent product quality, cost optimisation, and sustainable business growth. Key Financial Highlights – Q1 FY27(₹ Lakhs) ParticularsQ1 FY27Q1 FY26Total Income24,787.8921,339.35EBITDA1,218.932,061.76Net Profit446.75857.64 Business Highlights…

14 Aug

Organic Recycling Systems’ Subsidiary Secures Second O&M Contract from Indian Oil for Gorakhpur CBG Plant

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ORSL’s subsidiary, Solapur Bioenergy Systems, has bagged a ₹15.46 cr two-year O&M contract, boosting its role in India’s CBG sector. New Delhi [India], August 13: Organic Recycling Systems Limited (BSE: 543997), an integrated CleanTech and decarbonisation platform, is pleased to announce that its wholly owned subsidiary, Solapur Bioenergy Systems Private Limited (SBESPL), has secured the renewal of its Operations and Maintenance (O&M) contract from Indian Oil Corporation Limited (IOCL) for the Gorakhpur Compressed Biogas plant in Uttar Pradesh. This marks the second consecutive term for which SBESPL has been entrusted with full O&M responsibility for the facility, underscoring the sustained operational confidence IOCL has placed in…

14 Aug

Chhattisgarh’s Own Cake Brand Is Redefining Everyday Celebration

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Me2 Cake India Brings 750 Varieties of Fresh, Pure-Veg Cakes to Raipur — With Buy 1 Get 1, Every Single Day New Delhi [India], August 14: In a market where premium usually means expensive, a homegrown bakery brand from Raipur is proving that quality and affordability don’t have to be at odds. Me2 Cake India started with a straightforward promise: fresh, 100% pure vegetarian cakes at prices ordinary families can afford. Backed by a decade of hands-on bakery experience, the brand has grown quickly into one of Chhattisgarh’s most talked-about dessert names, built on trust, taste, and consistency rather than…

14 Aug

PSU Major DFCCIL Awards Letter of Acceptance to Magellanic Cloud Limited Subsidiary, Deepening Pan-India PSU Portfolio

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Hyderabad (Telangana) [India], August 14: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891), today announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Dedicated Freight Corridor Corporation of India Limited (DFCCIL), Noida, for a contract valued at ₹3.73 crore (Rupees Three Crore Seventy Three Lakh Only). The contract covers the Supply, Installation, Testing and Commissioning (SITC) and Operations & Maintenance (O&M) of an E-Surveillance System across the Kishangarh Balawas (Excl.) – New Rewari – New Phulera – New Kishangarh – Madar (Excl.) section of the Western Dedicated Freight Corridor (WDFC), under the CGM/JP Unit. …

14 Aug

UMC Hospitals, Navi Mumbai Successfully Treats Complex Pancreatic Complication Through Advanced Minimally Invasive Surgery

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Mumbai (Maharashtra) [India], August 14: Unihealth Hospitals Limited (NSE EMERGE: UNIHEALTH | INE0PRF01011), In another significant step towards advancing specialised surgical care in Navi Mumbai, UMC Hospitals, Nerul, Navi Mumbai, has successfully treated a 33-year-old man from Turbhe who developed a large and potentially serious complication following an episode of acute pancreatitis. The patient had initially suffered from severe upper abdominal pain, vomiting and fever and was diagnosed with pancreatitis, an inflammation of the pancreas. He also had Type 1 diabetes and high cholesterol, which were being managed with medication. His initial illness required approximately two weeks of hospitalisation at another hospital in Mumbai. …

14 Aug

How Butterfly Ayurveda’s Chai Range Turns the Tridosha Clock Into a Daily Ritual

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New Delhi [India], August 14: Most Indian households already run on chai time – the sequence is instinctive, even if unspoken. A brisk cup on waking, something lighter through the afternoon, a spiced brew when the weather turns, and perhaps something calming before bed. Butterfly Ayurveda’s tea line takes that unconscious rhythm and gives it a name: the tridosha clock, the Ayurvedic framework that maps Vata, Pitta and Kapha to specific hours of the day. The brand’s four flagship blends, Suprabhat Chai, Shubh Saanjh Chai, Ratri Chai and Masala Chai, are each built to meet a different point on that…

13 Aug

Patel Retail reports strong Q1FY27 performance; Revenue rises 69.7 Percent YoY to Rs. 309.54 crore

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Profit After Tax grows 37.57% YoY to Rs. 9.52 crore, supported by strong business momentum Mumbai (Maharashtra) [India], August 13: Patel Retail Limited, a growing organised retail and food processing company with a strong presence across the Mumbai Metropolitan Region, announced its Q1FY27 financial results following a meeting of its Board of Directors held on August 12, 2026. At the meeting, the Board approved the unaudited standalone financial results for the quarter ended June 30, 2026 and the notice for the Company’s 19th Annual General Meeting, scheduled to be held on September 23, 2026 through Video Conferencing or Other Audio…

13 Aug

The Next Chapter of Made in India Could Be About Where Ideas Thrive

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Manish Khandelwal, Managing Director, Haworth India New Delhi [India], August 13:India has a manufacturing target to chase. The National Manufacturing Mission, announced as part of the Union Budget, aims to raise manufacturing’s contribution to GDP from around 16–17% today to 25% by 2035, with a focus on technology, workforce readiness, quality and ease and cost of doing business. That ambition matters. Manufacturing creates jobs, strengthens supply chains and gives India a larger role in global production. But there is another question worth asking: what if India’s next big competitive advantage comes from what happens before anything gets made? Ideas. Design. Research.…