Carborundum Universal Ltd. reported a first-quarter net profit of Rs. 60.39 crore, marking steady progress in a landscape beset by evolving demand dynamics and cost pressures. Though gains are modest, disciplined cost control and broad-based recovery across manufacturing segments have underpinned the company’s performance. Backed by judicious pricing strategies and selective market expansion, Carborundum Universal sets a cautiously optimistic tone for the remainder of the fiscal year.

Tata Motors reported a dramatic 62% year-on-year decline in consolidated profit after tax for Q1, plunging to Rs. 4,003 crore, weighed down by contracting margins and sluggish global demand. The company cited subdued domestic commercial vehicle sales, rising material and logistics costs, and depressed overseas operations as key headwinds. Extreme pressure on passenger vehicle margins exacerbated the softness in revenue. Despite cost-control efforts and strategic pricing revisions, Tata Motors faces mounting challenges in a highly price-sensitive environment.

Prime Minister Narendra Modi has responded firmly to former U.S. President Donald Trump’s recent remark describing India’s economy as “dead,” asserting instead that India remains the world’s fastest-growing major economy. Speaking at a public engagement, Modi underscored the nation’s strong GDP growth, expanding industrial base, and rising global investment appeal. He credited economic reforms, infrastructure expansion, and digital innovation for driving momentum despite global headwinds.

St. Xavier’s College has called off its scheduled Stan Swamy Memorial Lecture after protests led by the Akhil Bharatiya Vidyarthi Parishad (ABVP). The student group objected to the event, citing ideological differences over the legacy of Father Stan Swamy, a Jesuit priest and tribal rights activist who was arrested under the Unlawful Activities (Prevention) Act in 2020 and died in custody the following year.

The India Meteorological Department (IMD) has issued a warning of sustained heavy rainfall across Telangana until August 14, advising residents and authorities to remain alert to potential flooding and related disruptions. Several districts are expected to witness intense showers due to prevailing monsoon conditions, with the likelihood of waterlogging, damage to crops, and traffic snarls. Officials have urged local administrations to activate disaster management protocols and ensure public safety.

Authorities in Noida have dismantled a fraudulent operation run by six men from West Bengal, who allegedly set up and operated a fake police station to extort money from unsuspecting individuals. The group is accused of impersonating law enforcement officers, complete with forged documents, uniforms, and fabricated case files.

Maharashtra Chief Minister Eknath Shinde has announced that Thane’s much-anticipated metro line is on track to begin trial runs in September, with full-scale commercial operations expected by December. The project, aimed at easing congestion and improving connectivity between Thane and surrounding areas, is a key component of the Mumbai Metropolitan Region’s transport expansion plan. Once operational, the metro is expected to significantly reduce travel time, enhance commuter convenience, and support the region’s economic growth.

In a remarkable live-streamed stress test, a South Korean YouTuber methodically folded and unfolded the Samsung Galaxy Z Fold 7 approximately 200,000 times over several days. While Samsung claims a durability rating of 500,000 folds—equivalent to about 10 years of moderate use​—the phone displayed signs of physical fatigue well before reaching that threshold. From forced reboots after 6,000 folds to hinge creaking at 46,000, black fluid leakage at 75,000, and speaker failure at 175,000, the device showed resilience with visible—and concerning—wear points.

NIIT Ltd. reported a significant year-on-year decline in net profit for the first quarter of FY2025, despite registering a slight increase in revenue. The company’s net profit fell sharply by 44% to Rs. 17.7 crore, compared to Rs. 31.6 crore during the same period last year. Meanwhile, revenue grew modestly by 2% to Rs. 434.4 crore, up from Rs. 426.3 crore. The results highlight mounting operational pressures and a shift in the company’s cost structure.

In a significant move to shield consumers from soaring energy prices and provide relief to state-run oil marketing companies (OMCs), the Union Cabinet has approved a subsidy of Rs. 30,000 crore. This financial backing is aimed at offsetting the under-recoveries incurred by OMCs due to controlled prices of domestic liquefied petroleum gas (LPG). The decision reflects the government’s dual objective of ensuring energy affordability for households while stabilizing the financial health of public-sector oil firms.