BMC readies SOP to impose fire service fees on buildings from July

Mastek Reports 12.5% Y-o-Y Revenue Growth in Q1FY26

Mastek, a trusted provider of AI-first digital engineering and cloud transformation services, reported consolidated revenue of Rs 9.14 billion for the first quarter of FY26, registering a year-on-year (Y-o-Y) growth of 12.5 per cent in rupee terms for the period ended 30 June 2025.The company’s performance was driven by strong growth in the UK and Europe, particularly across healthcare and secured government services. While the US business experienced some challenges in select accounts, Mastek noted that the pipeline and order backlog remain robust.Operating EBITDA stood at 15.0 per cent, wi..

Sona Comstar Enters China EV Market with Strategic JV

Sona BLW Precision Forgings (Sona Comstar), a leading global provider of mobility technology solutions, has signed a binding term sheet with Jinnaite Machinery Co, (JNT) to form a joint venture (JV) in China. The JV will manufacture and supply driveline systems and components to automotive OEMs in China and global markets.Under the agreement, Sona Comstar will invest $12 million, while JNT will contribute $8 million worth of assets and business in the first phase. The JV is slated to begin operations in the second half of the current financial year.This marks a significant step in Sona Comstar..

Patel Engineering Wins Rs 2.39 Bn Hydro Project from NHPC

Patel Engineering (PEL) has secured a contract worth Rs 2.39 billion (inclusive of taxes) from NHPC for civil and hydro-mechanical works under Package 6 of the Teesta-V Power Station in Sikkim.The scope involves modification of the diversion tunnel into a tunnel spillway arrangement. Key works include the construction of the tunnel spillway, gate operation chamber and shaft, precast bridge, access road, energy dissipation structures, dyke, environmental flow tunnel, and other associated infrastructure.Located in the South District of Sikkim, the project is slated for completion within 18 month..