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Vikram Solar experienced an astonishing 85 percent drop in profits for the June quarter, primarily attributable to increased expenses. On a positive note, the company's revenue from operations showed a healthy uptick during this period. In a strategic move, Vikram Solar has also greenlit the expansion of its wafer and ingot manufacturing facility, expected to be operational by fiscal year 2029.

Samvardhana Motherson International shares surged after the company posted record Q1 FY27 revenue of Rs35,244 crore (up 17% YoY) and a 70.1% YoY jump in profit after tax to Rs1,032 crore, aided by recent acquisitions -- including Shenzhen Autocruis and the Wiring Harness businesses of Nexans Autoelectric and Yutaka Giken -- expected to add nearly $2 billion in annualized revenue.

Crompton Greaves Consumer Electricals has reported a remarkable 15.17 percent increase in net profit for the June quarter, alongside an 11.84 percent rise in revenue from operations. The company has successfully achieved double-digit growth across all its business segments, bolstered by strategic price hikes and enhanced cost efficiencies. This impressive performance underscores the ongoing growth momentum the company is experiencing.

The government is creating a customs playbook for key imported goods. This initiative aims to standardize the faceless customs regime across India. It will reduce disputes and speed up clearance times for businesses. The playbook will help companies utilize free trade agreement benefits effectively. This reform seeks to improve ease of doing business and trade efficiency.

The US Department of Homeland Security will require businesses hiring foreign workers under H-1B and L-1 visas to pay new biometric screening fees for extension applications, starting September 9. This adds significant costs for companies and may affect hiring decisions.

Bellandur Police registered the FIR on August 6 based on a complaint filed by Deepak Poduval, one of the original co-founders of Cult. In response, Telang called the complaint mala fide, pointing to a legal case filed by his sister, Poduval's wife, in a property dispute on July 1, 2026. Cult said the consideration was duly paid and acknowledged. It is now contesting the charges

India's largest companies face criticism for their silence during recent youth protests. These businesses have contributed to precarious employment conditions for young graduates. Many young Indians feel despair and anger over livelihood issues and exam leaks. Mainstream media, funded by corporate advertising, presented a different narrative. Corporate India's disconnect from Gen Z is evident as protests highlight policy failures.

Amid heightened regulatory scrutiny, Indian food and beverage companies are taking steps to update product labels and advertising claims. Regulators are stepping up the enforcement of established standards on consumer items and alcoholic beverages, prompting companies to review their packaging and messaging. Some have even opted to contest regulatory actions in court, as changing consumer preferences and a greater emphasis on label transparency push the industry toward clearer communication.

The sector's rising cash burn, coupled with the relatively limited size of the addressable market, is beginning to concern investors tracking the space. The category is economically viable primarily in urban catchments, where high order density supports efficient fulfilment and worker utilisation. Expanding into lower-density neighbourhoods is significantly more challenging, another industry executive said.

Actress Susmita Mukherjee found herself in a tough financial situation when her production company declared bankruptcy. This unfortunate turn of events forced her to take on roles she wasnt particularly proud of, primarily to repay her hefty Rs 1 crore loan and support her daughters education overseas. Read on!