Business

Bonfiglioli Transmissions has announced the appointment of a new chairperson, marking a significant leadership transition for the global power transmission and drive systems manufacturer. The move comes at a time when industrial automation, renewable energy integration and advanced mobility solutions are reshaping global manufacturing dynamics. The leadership change is expected to reinforce strategic continuity while accelerating innovation, operational expansion and sustainability commitments.

National Mineral Development Corporation (NMDC), India’s largest iron ore producer, reported a decline in net profit for the third quarter to Rs. 1,747 crore, reflecting weaker commodity prices and operational pressures. The slowdown in global and domestic steel demand, coupled with higher input and logistics costs, weighed on profitability. While NMDC continues to benefit from its strategic position in India’s mineral sector, analysts highlight the need for efficiency measures, cost management, and market diversification to navigate cyclical challenges.

Marri Retail has announced plans for a fresh issue of Rs 522 crore as part of its upcoming initial public offering (IPO), signaling the company’s intent to raise capital for expansion and working capital requirements. Analysts note that the move reflects confidence in investor appetite for retail-focused enterprises amid a recovering consumer sector. The fresh issue will supplement existing shares offered in the IPO, providing Marri Retail with resources to strengthen its supply chain, store network, and digital initiatives.

Campus Activewear, a leading Indian sportswear brand, reported a 37% increase in its Q3 profit, reflecting strong operational performance and sustained consumer demand. The company’s robust revenue growth was driven by expanding retail presence, strategic marketing initiatives, and an uptick in e-commerce sales. Cost optimization and efficient supply chain management further strengthened margins. Analysts view this performance as indicative of the brand’s resilient market positioning amid competitive pressures in the sportswear sector.

The Enforcement Directorate (ED) has provisionally attached assets valued at approximately Rs. 1,800 crore linked to the Reliance Group as part of its expanding investigation into alleged money-laundering and financial irregularities. This latest action adds to previously seized properties and holdings in a case that reflects intensified enforcement under the Prevention of Money Laundering Act (PMLA). The move aims to prevent dissipation of alleged proceeds of crime while legal proceedings unfold.

IFB Industries reported a 23% decline in third-quarter profit, highlighting margin pressures and softer consumer demand in its core appliances and engineering businesses. The slowdown reflects rising input costs, heightened competition, and cautious spending in key domestic and international markets. Despite the short-term earnings dip, management continues to emphasize operational efficiency, product innovation, and targeted expansion into high-growth segments.

The Adani Group has completed the acquisition of Indo-Asian News Service (IANS), formalizing its entry into India’s news and information services sector. The takeover marks a strategic diversification for the conglomerate, expanding its footprint beyond infrastructure, energy, and logistics into media and content distribution. Industry observers view the move as part of a broader effort to strengthen the group’s presence in information ecosystems that shape public discourse and business intelligence.

Coforge Ltd. reported a strong financial performance for the third quarter, with net profit rising 16 percent year-on-year to Rs. 297 crore, underscoring resilient demand for its technology services despite a challenging global environment. The growth was supported by steady client spending, operational efficiency, and continued traction in key verticals such as banking, insurance, and travel. The results reflect Coforge’s ability to navigate macroeconomic uncertainty through disciplined execution and a diversified revenue base.

Deepinder Goyal, the co-founder and CEO of Eternal Group, has stepped down from his leadership position, signaling a major transition in the company’s executive management. Goyal, credited with steering Eternal Group through a phase of rapid expansion and market consolidation, will continue to serve as a strategic advisor during the transition period. The move comes as the firm aims to strengthen its operational focus and attract fresh leadership perspectives to drive long-term growth.

Aerem Solutions, a rapidly expanding tech firm, has successfully raised $15 million in its latest funding round, signaling strong investor confidence in its growth trajectory. The capital infusion will be utilized to scale operations, enhance product development, and expand market reach both domestically and internationally. Industry analysts note that Aerem’s innovative solutions and robust revenue model have positioned it as a promising player in the technology sector.