Company Earnings Skyways Air Services reported a dramatic jump in its first‑quarter results, with profit climbing to ₹19.7 crore from ₹6.8 crore a year earlier. Revenue also surged 90.4 % to ₹1,216.6 crore, reflecting higher passenger traffic and improved load factors.
In contrast, Orissa Minerals Development Company posted a profit of ₹3.45 crore after a loss of ₹2.78 crore in the same period. Revenue grew 47.9 % to ₹28.6 crore. The company has launched a qualified institutional placement (QIP) with a floor price of ₹1,947.70 per share and may offer a discount of up to 5 %. The placement could raise around ₹2,000 crore, according to CNBC‑TV18.
Hy‑Tech Engineers will announce its quarterly earnings later today, adding to the day’s corporate disclosures.
New Investment Moves IndiGo has revised its ancillary charges: excess baggage is now ₹800 per kilogram (up from ₹700), infant tickets cost ₹3,000 (previously ₹2,000), and the Fast Forward priority service is priced at ₹650 (up from ₹500). The changes are expected to boost ancillary revenue.
PTC India and NLC India Renewables have formed a joint venture, NIRL PTC Renewables, to explore green energy projects. PTC will hold 26 % of the venture, while NLC will own 74 %.
Bel (Bharat Electronics Limited) secured orders worth ₹648 crore since August 26, including laser‑based IR jammers, cybersecurity solutions, and AI‑based software. Rail Vikas Nigam placed a ₹483.72 crore order for railway bridge construction.
Wipro announced Wipro STO360, a solution developed with Aramco and SAP to modernise shutdown, turnaround and outage activities for asset‑intensive firms.
Leadership Changes The government has appointed Prasanna Kumar Acharya as Chairman and Managing Director of NLC India for a five‑year term starting 17 September. He will step down from his current role as Director (Finance) and CFO.
PB Fintech denied rumours that its Chairman, Executive Director and Group CEO Yashish Dahiya would resign. Dahiya confirmed he will continue in his role.
Share Transactions The Prasid Uno Family Trust, linked to Medlife co‑founder Tushar Kumar, sold 4.1 lakh shares of Entero Healthcare Solutions at ₹1,692.98 each and 3.3 lakh shares at ₹1,694.97 each, totaling a 1.7 % stake worth ₹125.3 crore. This follows a prior sale of 10.88 lakh shares on 24 August.
Chiratae Ventures’ Chiratae Growth Fund I sold 13.05 lakh shares of Rentomojo for ₹67.93 crore at ₹520.61 per share, reducing its holding to 1.25 %. Helios Mutual Fund, S I Investments Broking, and ABS Direct Equity Fund LLC also purchased shares in Rentomojo at prices ranging from ₹491.61 to ₹510.42 per share.
Authum Investment & Infrastructure bought 50.29 lakh shares of Karamtara Engineering for ₹176.17 crore at ₹350.25 each, acquiring a 1.56 % stake. BofA Securities Europe SA acquired 1.5 lakh shares of Gland Pharma from North Rock SG VCC for ₹42.4 crore at ₹2,826.6 per share.