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Bizmudra Desk

Mumbai, India

Bizmudra Desk is the collective byline of the Bizmudra newsroom. It carries the publication's news briefs and edited reports across mobility, finance, technology, startups and industry updating on launches, appointments and market moves.

Tata Motors' car and JLR arm grows at home but is dragged by a weak JLR quarter

Tata Motors' car and JLR arm grows at home but is dragged by a weak JLR quarter

Tata Motors Passenger Vehicles posted a 9.3% rise in Q1 revenue to INR 95,800 crore, but profit and margins fell as JLR wholesales dropped 9.2% on supply constraints and the Jaguar wind-down, even as its India business grew 65%.

CP PLUS owner Aditya Infotech nearly doubles revenue

CP PLUS owner Aditya Infotech nearly doubles revenue

Aditya Infotech, which owns the CP PLUS surveillance brand, reported an 89.5% jump in June-quarter revenue to INR 1,402 crore and more than tripled adjusted profit, riding a shift to higher-margin IP cameras and post-IPO deleveraging.

Ester-Loop recycled-PET venture lands a second global sports brand, after Nike

ELITe, the Ester Industries-Loop Industries joint venture, said partner Loop signed a non-binding LOI to supply up to 15,000 tonnes a year of recycled PET resin to a second global sports brand, after Nike, from its planned India plant.

Amagi's revenue rises 32% to INR 437 crore, profit up more than eightfold

Amagi's revenue rises 32% to INR 437 crore, profit up more than eightfold

Media-tech SaaS firm Amagi reported its highest-ever quarterly revenue, up 32% to INR 437 crore, with adjusted EBITDA tripling and net profit rising more than eightfold, as the newly-listed company turns strongly profitable.

Black Box's order backlog hits a record USD 949 million as it rides the AI data-centre boom

Black Box's order backlog hits a record USD 949 million as it rides the AI data-centre boom

Essar-owned Black Box reported Q1 revenue up 24% and its order backlog at an all-time high of $949 million, up 83%, winning a new US hyperscaler data-centre order as it leans into the AI-infrastructure build-out.

Andhra launches handloom-weaver scheme

Andhra launches handloom-weaver scheme

Andhra Pradesh has launched 'Netanna Sevalo', releasing INR 179 crore in direct assistance to 71,536 handloom-weaving families at INR 25,000 each, part of the state's support for a sector employing about 1.27 lakh people.

Hyundai targets 1 million connected-car sales in India by 2027

Hyundai targets 1 million connected-car sales in India by 2027

Hyundai Motor India says it has over 0.8 million connected cars on the road, with the tech on about 20% of its sales, and is targeting one million by 2027 as software-led features go mainstream.