Author: Bureau
JS Auto Cast Foundry India Private Limited (JS Auto Cast), a wholly owned step-down subsidiary of Bharat Forge Limited, has secured an equity investment of ₹300 crore from Premji Invest. The funding has been made through a primary capital infusion into the company, following which Premji Invest will hold a 23 percent stake on a fully diluted basis. JS Auto Cast is a prominent supplier of critical ferrous castings serving both industrial and automotive segments. The fresh capital will be deployed to accelerate the company’s expansion strategy. Key focus areas include increasing overall casting capacity, adding medium-sized casting capabilities, and…
Q3FY26 Operational PAT at ₹1,282m and EPS at ₹13.9, Grew ~39% YoY Tepid Revenue Growth at 3.6%, Impacted by Low Offtake in Institutional Business and Flattish US Operations Compensated by Strong Ex-US Business, which Grew 20%YoY Q3FY2026 Performance Highlights § Absolute gross margin at ₹7,317m, grew 8.6% YoY § Revenue at ₹11,946m, grew 3.6% YoY § Gross margin improved to 61.2%, up 280bps YoY § EBITDA grew 12.2% YoY to ₹2,359m, EBITDA margin at 19.8%, grew 160bps YoY § Ex-US Market Revenue at $64m, reported a strong growth of 20% YoY § Operational PAT at ₹1,282m, Grew 38.6% YoY § Operational EPS at ₹13.9 § Reported PAT at…
Bengaluru: Teradyne Robotics has announced the launch of ElevateX 2026, its flagship industry forum, scheduled for February 10, 2026, in Bengaluru. The event will be hosted by Universal Robots and Mobile Industrial Robots, both part of the Teradyne Robotics group. ElevateX 2026 is being positioned as a strategic engagement platform to bring together the wider automation ecosystem, including industry leaders, technology experts, startups, system integrators, and media. The forum aims to encourage meaningful dialogue on the evolving role of collaborative and intelligent automation across manufacturing, logistics, and emerging sectors. As organizations increasingly seek solutions that are flexible, scalable, and safe…
Union Budget 2026 positions aviation and defence as strategic growth engines—combining infrastructure expansion, technological self-reliance, and national capability building. Increased focus on airport modernisation, regional air connectivity, and aviation infrastructure strengthens passenger mobility while supporting cargo, logistics, and tourism growth. Industry leaders have shared their reactions below. Sahil Mahajan, Partner – Aviation, Airports and Hospitality- PwC India: The growth of India’s aircraft fleet from 800 to 2500 supported by custom duty exemptions for civilian and Maintenance Repair Overhaul ( MRO )parts, considerably boosts domestic MRO capabilities—unlocking investment and strengthening self-reliance. Aloke Singh, Managing Director, Air India Express: Budget 2026’s emphasis on Viable Gap Funding (VGF)-backed seaplane operations and indigenous manufacturing can strengthen regional and coastal connectivity, catalyse tourism-led…
Union Budget 2026 reinforces the financial sector’s role as the backbone of economic expansion, with a strong focus on credit flow, digital inclusion, and systemic resilience. Measures aimed at strengthening public and private banking institutions, improving asset quality, and expanding last-mile credit are expected to support businesses, consumers, and infrastructure growth alike. Key industry leaders respond to the budget. Sanjay Doshi, Partner and Head, Transaction Services and Financial Services Advisory, KPMG in India: Given the current strength of bank’s balance sheet historically driven by resolution of large NPA situations and retail loan growth, banks will now focus significantly on loan…
Manufacturing remains central to the budget’s vision of economic self-reliance and global competitiveness. Budget 2026 strengthens this focus through capital expenditure, industrial corridor development, logistics modernisation, and targeted support for high-growth manufacturing segment, Key industry leaders respond to the budget. Mr. Aravind Melligeri, Executive Chairman & CEO, Aequs Limited: The decision to allow eligible SEZ manufacturing units to sell into the Domestic Tariff Area at concessional duty is a significant boost for companies that have created large-scale capacities in both the consumer and aerospace & defence sectors. At a time of global demand volatility and trade disruptions, this pragmatic measure…
IT and technology continue to be the cornerstone of India’s growth story. Budget 2026 strengthens this foundation with incentives for deep tech, AI, semiconductor ecosystems, cybersecurity, and digital public infrastructure. Key industry leaders respond to the budget. Mr. Ravi Agarwal, Co-Founder and Managing Director, Cellecor: The Union Budget 2026 reflects a steady and constructive approach toward strengthening India’s consumer electronics and technology manufacturing ecosystem. The near doubling of the Electronics Components Manufacturing Scheme outlay from ₹22,919 crore to ₹40,000 crore is a meaningful step toward building a stronger domestic component supply chain. Alongside the expansion of the India Semiconductor Mission…
Budget 2026 reaffirms agriculture as both an economic and strategic priority. Increased investment in agri-infrastructure, irrigation, climate-resilient farming, and agri-tech innovation aims to boost farmer incomes while ensuring food security. Key industry voices respond below. Mr. Padmanand V, Partner, and Agriculture Industry Leader, Grant Thornton Bharat: The Budget’s support for the agriculture sector rightly focuses on high-growth sub-sectors such as fisheries and livestock. Initiatives include Amrit Sarovars with 500 related reservoirs, fishery and livestock FPOs, and integrated livestock value chain promotion programmes. High-value crops such as coconut, sandalwood, cashew, and almonds are being specifically targeted, with high-density cultivation planned for almonds,…
With the presentation of Union Budget 2026 by Finance Minister Nirmala Sitharaman, the government has laid out its economic vision for the coming year. Technology-led governance, jobs, manufacturing, and sustainability, Budget 2026 signals where policy intent is headed and which sectors are set to gain momentum. What this budget truly means for businesses, innovators, and the broader economy. MSMEs remain the backbone of India’s economic engine, and Budget 2026 reinforces this reality with enhanced credit access, simplified compliance frameworks, and technology-led productivity support. Expanded credit guarantee schemes, incentives for formalisation, and digital onboarding are designed to reduce friction and improve…
Healthcare and pharmaceuticals emerge as strategic priorities under Budget 2026, with increased allocations for public health infrastructure, domestic drug manufacturing, and research-driven innovation. Policy support for medical devices, biotech startups, and digital health platforms signals a move toward self-reliance and global leadership. Key industry voices respond below. Nilesh Maheshwari, Partner and Pharma, Bio Tech & Life Sciences Leader, Grant Thornton Bharat: The INR 10,000 crore outlay under Biopharma Shakti will significantly accelerate India’s transition towards innovation-driven pharmaceuticals by strengthening research infrastructure, advanced technology hubs, and clinical standards, enabling progress in biologics, vaccines, and next-generation therapies. It will enhance domestic capacity,…