Business

Pidilite Industries, a leading manufacturer of adhesives, sealants, and construction chemicals in India, reported a 19% year-on-year increase in net profit for the first quarter of FY2025, reaching Rs. 678 crore. This growth was driven by robust consumer demand across its core product segments, steady cost management, and improved operating leverage. Revenue for the quarter rose to Rs. 3,301 crore, reflecting resilient performance in both the Consumer & Bazaar (C&B) and Business-to-Business (B2B) segments.

G Square, one of South India’s leading real estate developers, has introduced a new customisable plot model aimed at reshaping how individuals and families invest in land. This model provides buyers with tailored plot layouts, enabling them to design and plan their dream homes with greater flexibility and transparency. By offering location-specific plot configurations and streamlined legal documentation, G Square seeks to make land ownership more accessible, convenient, and future-ready.

Honda Cars India has introduced significant festive season discounts on several of its popular models, including the Elevate SUV, City sedan, and Amaze. With benefits reaching up to Rs. 1.22 lakh, the automaker aims to stimulate sales momentum during a crucial quarter. The incentives span across cash discounts, exchange bonuses, corporate benefits, and loyalty rewards. The offer is valid for a limited period in August, tailored to capitalize on rising consumer interest ahead of the festive months.

Reliance Group Chairman Anil Ambani recently recorded his statement before the Enforcement Directorate (ED) in connection with an ongoing investigation under the Foreign Exchange Management Act (FEMA). The development marks a critical step in the agency’s probe into alleged irregularities involving foreign transactions. While specific case details remain undisclosed, the appearance of a high-profile industrialist signals the government’s intensifying scrutiny of cross-border financial dealings.

Indian equity benchmarks witnessed a broad-based decline as selling pressure intensified across energy and commodity-linked stocks, while persistent foreign portfolio outflows further dampened investor sentiment. Oil and gas shares led the retreat, mirroring global crude price volatility and concerns around geopolitical tensions. Simultaneously, foreign institutional investors (FIIs) continued to withdraw capital from domestic markets, adding to the downside pressure. These combined forces triggered a cautious mood across Dalal Street, with broader market indices also echoing the trend.

Punjab National Bank (PNB), India’s second-largest public sector lender, has unveiled an aggressive profitability roadmap, setting a bold target of Rs. 16,000 crore net profit for the financial year 2025–26. After reporting steady growth in FY24 and continuing its momentum in the current fiscal, the bank is banking on improved asset quality, digital transformation, and an expanding credit portfolio to drive earnings.

Logistics and supply chain solutions provider Delhivery Ltd. witnessed its stock touch a 52-week high, signaling a resurgence of investor confidence in the company’s long-term strategy and operational agility. The sharp uptick in market value comes on the back of a sustained recovery in volumes, improved margins, and positive forward guidance. The company's focus on automation, cost optimization, and infrastructure expansion has resonated well with institutional and retail investors alike.

Gold prices have continued to edge higher, supported by growing investor anxiety over potential trade disruptions and inflationary pressures. Amidst escalating tariff tensions between major global economies, market participants are increasingly turning to gold as a safe-haven asset. The yellow metal has also gained from a weakening dollar and expectations of accommodative monetary policy in key markets.

Tata Motors, India’s leading automobile manufacturer, has been awarded a significant contract to supply electric buses to the Tamil Nadu State Transport Corporation. This development underscores the government’s ongoing commitment to sustainable public transport infrastructure and highlights Tata Motors’ growing dominance in the electric mobility space. With this order, the company strengthens its footprint in southern India and aligns itself with the broader national goal of reducing carbon emissions through clean energy-driven mass transit systems.

Asset Reconstruction Company (India) Ltd. (ARCIL), one of the country's oldest and most established asset reconstruction firms, has filed draft papers with the Securities and Exchange Board of India (SEBI) to initiate its Initial Public Offering (IPO). The move signals ARCIL's intent to tap public markets for capital infusion aimed at accelerating its growth and expanding its asset resolution capabilities.