Birla Corp Q1 Profit Rises 264 per cent, Cement Sales Grow 9 per cent
Birla Corporation Limited reported consolidated revenue of Rs 24.86 billion for the June quarter, marking a 13 per cent rise year-on-year, with net profit soaring 264 per cent to Rs 1.2 billion. Cement sales volume rose 9 per cent to 4.79 million tonnes from 4.38 million tonnes the previous year.Consolidated EBITDA increased 38 per cent to Rs 3.79 billion from Rs 2.75 billion, driven by improved cement sales, cost reductions, and a turnaround in the jute division.Cement operations faced mixed regional market conditions. While western and eastern India showed strength, central India remained we..
LTIMindtree, Adobe Launch AI-Powered CraftStudio
LTIMindtree, a global digital consultancy, has launched BlueVerse CraftStudio—a next-generation marketing agency powered by Adobe’s latest AI innovations. The offering is aimed at helping organisations streamline their marketing operations and unlock significant business value through cutting-edge technology.CraftStudio builds upon LTIMindtree’s existing CMO services and is tailored to assist marketing teams in overcoming barriers to AI adoption. It offers scalable marketing expertise integrated with Adobe tools such as Creative Cloud, Firefly Services and Custom Models, Frame.io, Substa..
BluSmart Faces Insolvency Amid Financial and Governance Troubles
The NCLT appointed NPV Insolvency Professionals as the interim resolution professional (IRP) to take charge of BluSmart’s operations and assets while continuing business as a going concern. The tribunal also ordered full cooperation from the company’s promoters and management until a resolution plan is formulated.Founded by the Jaggi brothers, who also promoted Gensol Engineering, BluSmart’s situation parallels that of Gensol, which the same NCLT bench had admitted into insolvency proceedings earlier in June. Gensol’s fleet of 4,000 vehicles was recently leased across Delhi-NCR and Ben..
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