Power & Instrumentation (India) Ltd. has reported a robust 40% year-on-year rise in net profit for the latest quarter, supported by healthy order execution, operational efficiency, and expanding demand for infrastructure and electrical contracting services. The company’s earnings growth reflects its ability to deliver projects on schedule while maintaining cost discipline in a competitive environment. With a strong order book spanning industrial, commercial, and government contracts, the firm is well-positioned to benefit from India’s sustained infrastructure push.

Devyani International Ltd., a leading quick-service restaurant (QSR) operator and franchisee for global brands in India, reported a sharp 90% year-on-year drop in net profit for the first quarter of FY26. Net earnings fell to Rs. 6.05 crore from Rs. 60.06 crore in the same period last year, primarily due to higher operating costs, inflationary pressures, and intensified promotional spending. However, revenue rose 6% to Rs. 864.29 crore, supported by network expansion and steady same-store sales growth in select formats.

French multinational Saint-Gobain has begun construction of a new manufacturing facility near Chennai, marking a significant expansion of its operations in India. The project, part of the company’s long-term investment strategy in the country, aims to meet growing domestic and export market demand for advanced building materials and solutions.

Genesys International Corp., a leading provider of geospatial and mapping solutions, posted a 32% year-on-year increase in net profit for the first quarter of FY26, underscoring its strong market positioning in India’s rapidly evolving digital infrastructure ecosystem. Net profit rose to Rs. 7.12 crore from Rs. 5.39 crore a year earlier, supported by rising adoption of advanced mapping technologies, steady execution of ongoing projects, and increased demand from both government and enterprise clients.

The Reserve Bank of India (RBI) has announced a significant upgrade to the cheque clearing process, set to take effect from October 4. The move aims to accelerate fund settlement, reduce processing delays, and enhance the overall efficiency of the banking system. By modernizing the cheque truncation mechanism and optimizing operational workflows, the RBI intends to provide customers with quicker access to cleared funds.

Nepal is set to expand its electricity exports to India by an additional 200 megawatts (MW), strengthening its position as a growing regional energy supplier. The move, scheduled to take effect in the coming months, builds on the two nations’ existing cross-border power trade framework and reflects Nepal’s rapidly increasing hydropower generation capacity. The agreement underscores both countries’ commitment to deepening energy cooperation, addressing seasonal supply-demand gaps, and promoting renewable energy integration in South Asia.

United Spirits Ltd., one of India’s largest alcoholic beverage companies, reported a 14% decline in consolidated net profit for the first quarter of FY26, reflecting a combination of softer demand in certain segments, rising operational costs, and shifts in product mix. Net profit for the April–June period stood at Rs. 417 crore, compared with Rs. 484 crore in the same quarter last year.

Brigade Enterprises has kicked off the new financial year with a remarkable performance, posting a 79% year-on-year increase in consolidated net profit for the first quarter of FY26. The profit rose to Rs. 149.88 crore, supported by robust demand across its residential, commercial, and hospitality portfolios. Revenue for the April–June period climbed 20% to Rs. 1,332.86 crore from Rs. 1,113.44 crore in the corresponding quarter last year.

In a decisive regulatory action, the Securities and Exchange Board of India (Sebi) has permanently barred Kapil and Dheeraj Wadhawan, former promoters of Dewan Housing Finance Corporation Ltd. (DHFL), from participating in the securities market. The market watchdog also imposed a combined penalty of Rs. 120 crore for their role in one of India’s most significant financial fraud cases. The order follows an extensive investigation into allegations of fund diversion, fraudulent transactions, and investor deception.

South African President Cyril Ramaphosa has extended an invitation to Prime Minister Narendra Modi to join the Global Council for Water Investments, an initiative aimed at mobilising resources for sustainable water infrastructure worldwide. The move reflects growing recognition of India’s leadership in water management and large-scale infrastructure development. The council seeks to bring together governments, financial institutions, and private sector leaders to address global water challenges through innovative financing models.