India's Antitrust Authority Appoints New Interim Investigations Head

ABB India Posts Strong Q1; Orders Up 39%, PAT at Rs 4.74 Bn

ABB India Reports Robust Q1 FY2025 with Rs 4.74 Billion PATStrong Order Momentum and Sustainability Milestone Highlight QuarterABB India Limited has reported a solid performance for Q1 CY2025 (January–March), with total orders surging 39 per cent quarter-on-quarter to Rs 37.51 billion, marking the highest first-quarter order intake in five years. The profit after tax stood at Rs 4.74 billion, up from Rs 4.6 billion in the same period last year.Revenue for the quarter reached Rs 31.6 billion, supported by strong execution across electrification, robotics, motion, and service-driven business l..

Shakti Pumps FY25 PAT Surges 188%, Revenue Hits Rs 25.16 Bn

Shakti Pumps (India) Ltd has posted its highest-ever annual revenue of Rs 25.16 billion in FY25, marking an 83.6 per cent year-on-year rise, while profit after tax jumped 188.2 per cent to Rs 4.08 billion.The growth was fuelled by robust domestic demand and strong exports, which grew 52.7 per cent to Rs 4.37 billion. The company also improved operational efficiency, reducing receivable days from 178 in FY24 to 152 in FY25.For Q4FY25, revenue reached Rs 6.65 billion, up 9.2 per cent YoY, with PAT growing 22.9 per cent to Rs 1.1 billion. EBITDA margin for the quarter improved to 24.6 per cent, d..

Kaynes Acquires August Electronics for Global Expansion

Kaynes Technology India Ltd, a leading Electronics System Design and Manufacturing (ESDM) firm, has signed a share purchase agreement to acquire 100 per cent of August Electronics Inc., a Canadian EMS provider based in Calgary, Alberta. The transaction will be executed via Kaynes’ wholly owned step-down subsidiary, Kaynes Canada Ltd.This strategic acquisition enhances Kaynes' North American presence and supports its global expansion plans by strengthening localised manufacturing, agile supply chains, and engineering expertise.With over three decades of experience, August Electronics is known..