Business

Hyderabad (Telangana) [India], August 6: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891), today announced that its wholly owned subsidiary, Provigil Surveillance Limited, has secured a Letter of Acceptance (LoA) from Western Railway, Ratlam Division, for a project valued at ₹12.13 crore. The project involves the Supply, Installation, Testing and Commissioning (SITC) of advanced telecom infrastructure and CCTV surveillance systems as part of the Upgradation and Replacement of Telecom Passenger Amenities and various station facilities across Ratlam Division in preparation for Simhastha 2028, one of India’s largest religious gatherings. Under the scope of the contract, Provigil Surveillance Limited will deploy a comprehensive…

New Delhi [India], August 6: Standard Engineering Technology Limited (SETL), one of India’s leading high-precision engineering companies, has announced another record-setting quarter for Q1 FY27, alongside two landmark strategic moves that reshape the Company’s growth trajectory. Financial Performance SETL delivered Total Income of Rs. 252.2 crore, up 41.5% year-on-year. EBITDA came in at Rs. 44.1 crore, up 27.3%, with margins holding at 17.5%. Profit Before Tax rose 26.5% to Rs. 36 crore, while Profit After Tax grew 26.6% to Rs. 26.7 crore, translating to a PAT margin of 10.6%. Notably, this growth was achieved even as the Company continued investing…

Surat (Gujarat) [India], August 6: Sumeet Industries Limited (NSE Code: SUMEETINDS, BSE Code: 514211), one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY) and Polyester Texturized Yarn, has announced its Unaudited Financial Results for Q1 FY27. Key Consolidated Financial Highlights  Q1 FY27 Total Income: ₹272.74 Cr  EBITDA: ₹8.85 Cr  EBITDA Margin: 3.24%  Net Profit: ₹1.14 Cr Key Business Developments Successful Completion of ₹199.75 Cr Rights Issue  The Company successfully completed its ₹199.75 Cr Rights Issue, receiving an overwhelming response from shareholders. The Rights Issue has significantly strengthened the Company’s balance sheet and provides the financial flexibility required to accelerate its…

Mumbai (Maharashtra) [India], August 6: Fredun Pharmaceuticals Limited (BSE: FREDUN | 539730), one of India’s leading pharmaceutical formulation manufacturing companies, has announced its unaudited financial results for Q1 FY27. The Company offers a diversified portfolio spanning generics, cosmeceuticals, nutraceuticals, mobility solutions, and animal healthcare products. Q1 FY27 Standalone Financial Highlights Total Income of ₹228.25 Cr, YoY growth of 90.44%  EBITDA of ₹32.78 Cr, YoY growth of 92.90%  EBITDA Margin (%) of 14.36%, YoY growth of 18 Bps  Net Profit of ₹13.17 Cr, YoY growth of 94.63%  Net Profit Margin (%) of 5.77%, YoY growth of 12 Bps  Basic EPS of ₹23.89, YoY growth of…

The homegrown vegan skincare brand continues to gain consumer trust with its clean, barrier-first formulations and efficacy-driven products New Delhi [India], August 6: Humuss Beauty, the vegan and barrier-first skincare brand, is witnessing strong momentum in Punjab months after its launch in March 2026. The growing response from consumers across the state has positioned Punjab among the brand’s key growth markets. Founded with the vision of offering skincare that prioritizes skin health, hydration, and barrier support, Humuss Beauty entered the Indian market to cater to consumers seeking effective formulations backed by ingredients for everyday skincare needs. The brand’s portfolio includes…

Pune (Maharashtra) [India], August 6: Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited), one of India’s leading private general insurers, and Swiss Re Corporate Solutions have signed a memorandum of understanding (MoU) to explore a commercial insurance partnership in India. The partnership would bring together Bajaj General Insurance’s strong local market presence with Swiss Re Corporate Solutions’ global risk knowledge and commercial insurance capabilities. Subject to definitive agreements and applicable regulatory requirements, the partnership aims to leverage Swiss Re Corporate Solutions’ International Programs platform and develop structured insurance solutions for the Indian market. The plan…

New Delhi [India], August 6: For many riders, the first question while buying bike insurance is simple: how much is the premium? It is practical. However, choosing a policy only because it has the smallest annual payment can create problems later. A two-wheeler faces traffic, weather, theft and repair needs. The right policy should balance cost, coverage, claim support and usefulness, not just premium. Why Premium Is Not the Only Filter Premium is only one part of an insurance decision. A lower premium may suit some riders, but it may also come with limited features, fewer add-ons, a lower insured…

Chennai (Tamil Nadu) [India], August 6: SEPC Limited (NSE: SEPC | BSE: 532945), a leading EPC company with established expertise in industrial infrastructure, process plants, water and wastewater management, has secured a Letter of Acceptance (LoA) from Steel Authority of India Limited (SAIL) – IISCO Steel Plant (ISP), Burnpur  As part of the project, SEPC will execute the Pellet Plant BOP, including Civil and Structural Works for the Pellet Plant Package-2 at SAIL-IISCO Steel Plant, Burnpur, supporting the steel producer’s 4.08 MTPA Crude Steel Expansion Project. The order, valued at ₹854.57 Crore (net of Input Tax Credit), entails the execution of Pellet Plant BOP including Civil & Structural Works (Pellet Package-2) and…

New Delhi [India], August 6: Marking the spirit of ‘Aatmanirbhar Bharat,’ Saraf Furniture, a leading online retailer of bespoke solid Sheesham wood furniture, today announced a spectacular Independence Day offer for its customers. As the country commemorates its 79th Independence Day, the brand is providing up to 60% OFF deals on all types of its top-quality furniture collection. This grand celebration allows customers to bring home the finest in Indian craftsmanship with added benefits including a Lifetime Warranty on products, free doorstep delivery, and exclusive deals on their best-selling Solid Wood Beds. The offer is a tribute to the enduring spirit of India and…

Ajay Malik will spearhead the company’s managed office and enterprise sales vertical, strengthening Ofis Square’s growth ambitions in the evolving workspace sector. Noida (Uttar Pradesh) [India], August 6: Ofis Square, a leading provider of premium flexible and managed workspace solutions, has announced the appointment of Ajay Malik as its Chief Business Officer (CBO). With nearly two decades of experience in the commercial real estate industry, Ajay will lead the company’s managed office and enterprise sales vertical and play a strategic role in accelerating business growth and strengthening Ofis Square’s presence in the evolving workspace ecosystem. Ajay brings extensive experience and…