All posts by Neel Achary

Sumitomo Chemicals India Sees Strong Profit Growth, Expands Product and Manufacturing Pipeline

New Delhi: Sumitomo Chemicals India Ltd reported a resilient performance in the first quarter of FY27, with profit after tax rising around 20 per cent year-on-year to Rs 214 crore, even as revenue remained broadly flat amid challenging monsoon conditions and weaker domestic demand.

The company reported revenue of Rs 1,063 crore for the quarter. EBITDA increased 6 per cent year-on-year to Rs 233 crore, while EBITDA margin improved to 21.9 per cent, supported by better gross margins and price hikes. Gross profit margin stood at 39.2 per cent, an improvement of around 110 basis points over the year-ago period.

The company’s performance was supported by strong growth in several businesses. Revenue from metal phosphates increased 26 per cent, while the Animal Nutrition and Environmental Health divisions grew 19 per cent. Exports also recorded strong momentum, rising around 26 per cent to Rs 170 crore. Domestic revenue, however, declined about 3 per cent to Rs 893 crore.

Sumitomo Chemicals India Sees Strong Profit Growth, Expands Product and Manufacturing Pipeline

 

Monsoon recovery could support agricultural business

The agricultural chemicals business faced pressure during the quarter due to the delayed southwest monsoon, rainfall deficit and lower kharif sowing during the early part of the season.

With the monsoon subsequently covering almost the entire country and the cumulative rainfall deficit narrowing to around 11 per cent in August, the outlook for sowing activity has improved. A recovery in agricultural activity could provide support to demand for the company’s crop protection portfolio.

The company has expanded its product portfolio with the launch of seven large products in FY26, including Lentigo, Excalia Max, Powerpull, Advika, Envoy and Oslava. Lentigo and Excalia Max have reportedly received a favourable market response and exceeded internal targets.

Further launches are in the pipeline, with Topgrain and Helibax expected during Q2FY27. The company also has three to four products from its parent company in the launch pipeline.

Greater focus on high-value manufacturing

Sumitomo Chemicals India is also expanding its role within the global operations of its Japanese parent, Sumitomo Chemical Company.

The Indian subsidiary has been elevated to the same tier as Japan, the US, Brazil and Europe for early-stage trials of new molecules. The development could strengthen the company’s role in the global product development and manufacturing chain.

The company is also evaluating opportunities in semiconductor chemicals in India through its operations.

A Rs 150-crore investment at the Dahej facility is progressing as planned. The facility will manufacture high-value patented molecules for the parent company, with commercialisation expected from Q2FY29.

The company has also approved investments in projects at Bhavnagar and Tarapur, which are aimed at meeting requirements of the parent company. Commissioning of these projects is targeted for Q4FY27.

Growth outlook

The company’s financial projections indicate continued growth over the next two financial years. Revenue is estimated to rise from Rs 3,238.3 crore in FY26 to Rs 3,556.7 crore in FY27 and Rs 4,007.2 crore in FY28.

EBITDA is projected to increase from Rs 670.9 crore in FY26 to Rs 800.3 crore in FY27 and Rs 921.7 crore in FY28. Adjusted profit after tax is estimated to rise from Rs 526.9 crore in FY26 to Rs 613.6 crore in FY27 and Rs 695.8 crore in FY28.

The company’s growth strategy is increasingly centred on new product launches, deeper engagement with its global parent, exports and investments in high-value manufacturing. These factors could strengthen its position within India’s agrochemical and specialty chemical sectors.

However, the business remains exposed to risks including weaker-than-expected adoption of new products and adverse weather conditions in domestic and international markets.

Market snapshot: The document cited Sumitomo Chemicals India’s market capitalisation at around Rs 26,774 crore, with a 52-week high of Rs 618 and low of Rs 363.

Disclaimer: This article is for informational and educational purposes only and is based on information available in the referenced company/research material. It should not be construed as investment advice, a recommendation, solicitation, or an offer to buy or sell any securities. Investors should conduct their own research, consider their financial objectives and risk tolerance, and consult a qualified financial adviser before making any investment decision. Stock market investments are subject to market risks, and past performance or projections do not guarantee future returns.

Union Minister Dr. Mansukh Mandaviya Interacts with MY Bharat-NSS Volunteers During Independence Day Celebrations

Union Minister Dr. Mansukh Mandaviya Interacts with MY Bharat-NSS Volunteers During Independence Day Celebrations

New Delhi: Union Minister for Youth Affairs and Sports Dr. Mansukh Mandaviya interacted with MY Bharat-NSS volunteers during the Independence Day celebrations at Major Dhyan Chand National Stadium in New Delhi, appreciating their participation and contribution to the national event.

The MY Bharat-NSS volunteers attended the Independence Day programme as special guests, giving them an opportunity to witness the celebrations and interact directly with the Union Minister.

During the interaction, Dr. Mandaviya appreciated the volunteers for their involvement in social service and urged them to continue contributing to nation-building and civic engagement. He said the energy, commitment and innovative ideas of young people would be crucial to achieving the vision of a Viksit Bharat and a developed, self-reliant India.

The interaction also allowed the volunteers to share their experiences, ideas and aspirations with the Minister. The engagement highlighted the importance of creating meaningful platforms for young people to participate in public life and take up leadership roles in community and nation-building initiatives.

Earlier in the day, MY Bharat-NSS volunteers and students from eight schools and educational institutions across Delhi participated in a large-scale human formation depicting ‘Vande Mataram’.

Around 500 students took part in the formation, presenting a display of patriotism, national unity and collective participation as part of the Independence Day celebrations.

The programme underlined the role of youth volunteers in national events while providing them with opportunities to engage in civic activities and contribute to the broader vision of youth-led nation building.

Government Unveils National Framework to Strengthen ITDAs and ITDPs

New framework focuses on institutional reform, convergence, digital governance and outcome-based monitoring for tribal development

Government Unveils National Framework to Strengthen ITDAs and ITDPs

New Delhi: Union Minister for Tribal Affairs Shri Jual Oram and Dr. R. Balasubramaniam, Member, NITI Aayog, on Saturday jointly released the National Framework for Strengthening of ITDAs and ITDPs and the Operational Guidelines for Strengthening of ITDAs and ITDPs, marking a major step towards strengthening last-mile delivery of tribal development programmes across the country.

The two publications are the outcome of a comprehensive, consultative and evidence-based national exercise aimed at improving the functioning of Integrated Tribal Development Agencies and Projects (ITDAs/ITDPs), which serve as key field-level institutions connecting government programmes with tribal communities.

The release ceremony was attended by Secretary, Ministry of Tribal Affairs, Smt. Ranjana Chopra; Additional Secretary Shri Manish Thakur; and senior officials of the Ministry.

Speaking on the occasion, Shri Jual Oram said ITDAs and ITDPs have historically played an important role in translating government initiatives into outcomes for tribal communities. Their significance, he noted, has increased with the expansion of interventions under the Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA) and PM-JANMAN.

Dr. R. Balasubramaniam said the principles of institutional ranking, real-time data-driven monitoring and convergence, which have helped improve outcomes in aspirational districts and blocks, have now been incorporated into the ITDA/ITDP reform architecture.

He said evidence-based administrative interventions can help transform regions that lag behind, and the new framework seeks to apply this approach to the tribal development ecosystem, with ITDAs serving as vehicles for achieving saturation of entitlements at the last mile.

The exercise was undertaken under the overall guidance of Secretary, Tribal Affairs, Smt. Ranjana Chopra, with a focus on moving beyond a uniform approach and developing context-specific and accountable field institutions.

The Ministry began the exercise in April 2026, covering 214 ITDAs/ITDPs across 17 States and Union Territories. The assessment involved Project Officers, State Tribal Welfare Departments and Tribal Research Institutes.

Unlike a desk-based assessment, the exercise incorporated State-level workshops, field visits and direct consultations with officials and institutions at the ground level. The process culminated in an Evidence-Weighted ITDA Diagnostic Scoring Framework, which assesses institutions across 15 parameters covering five institutional domains.

Structured consultation workshops were held across States and UTs during April and May 2026 under the leadership of Dr. Varnali Deka, Director, DAJGUA Division, and Shri Jafar Malik, Deputy Secretary, EMRS. The consultations enabled the Ministry to assess institutional capacity, identify challenges and document successful practices before validating the findings.

A major milestone in the exercise was the National Conclave on Strengthening of ITDAs and ITDPs, held at Vigyan Bhawan, New Delhi, on June 3, 2026, in the presence of President Droupadi Murmu.

The newly released National Framework sets out the assessment methodology and broader strategic direction for institutional strengthening. The Operational Guidelines, meanwhile, translate the recommendations into actionable measures covering institutional restructuring, convergence of schemes, evidence-based planning, digital governance, outcome-based monitoring and capacity building.

For the first time, States will have access to a common institutional assessment methodology through which individual ITDAs can identify gaps and prepare Performance Improvement Roadmaps tailored to their local requirements.

Shri Oram emphasised that the exercise should not be viewed merely as a mechanism for ranking institutions. Instead, its objective is to establish a culture of continuous institutional improvement.

He urged States to conduct State-level reviews involving all ITDA/ITDP Project Officers, prepare institution-specific action plans and introduce quarterly monitoring of institutional performance, drawing on the monitoring approach followed under the Aspirational Districts Programme and Aspirational Blocks Programme.

The Minister also called for measures to strengthen the ITDA/ITDP ecosystem, including improving fund-flow mechanisms and examining the possibility of directly transferring funds to ITDAs. He also stressed the need to increase technical manpower to improve project execution.

Regular meetings of Governing Councils, with active participation from Panchayati Raj Institution representatives and senior State leadership, were also recommended to strengthen convergence, accountability and implementation.

The two publications are expected to provide States with a structured roadmap for transforming ITDAs and ITDPs into more responsive, data-driven and outcome-oriented institutions capable of delivering tribal welfare and development programmes more effectively at the grassroots level.

Tributes Paid to Former Prime Minister Atal Bihari Vajpayee on Death Anniversary

Bhubaneswar, Aug. 16 (UDN): Tributes were paid to former Prime Minister Atal Bihari Vajpayee on his death anniversary, remembering him as a distinguished nationalist, visionary statesman and exceptional orator who made significant contributions to India’s development and democratic traditions.

Tributes Paid to Former Prime Minister Atal Bihari Vajpayee on Death Anniversary

 Pic credit : x.com/MohanMOdisha

Vajpayee’s life and political legacy continue to inspire citizens across the country. His tenure in public life was marked by a strong emphasis on good governance, national development and India’s global stature.

His visionary outlook, unwavering faith in democratic values and commitment to inclusive development remain important chapters in India’s political history.

Vajpayee was also remembered for his exceptional dedication to public service and nation-building. His approach to politics and governance continues to be regarded as a source of inspiration for generations.

On the occasion, tributes highlighted his contribution to national unity, democratic values and the country’s development, with his ideals continuing to inspire the younger generation.

His enduring commitment to nation-building and public service remains deeply etched in the collective memory of the country.

Koraput Polytechnic Signs Two MoUs to Boost Industry-Ready Skills in Emerging Technologies

Koraput, Aug. 16 (UDN): The skilling ecosystem in Odisha’s Koraput district is set for a major boost with the signing of two Memoranda of Understanding (MoUs) aimed at strengthening technical education and equipping students with industry-relevant skills.

Koraput Polytechnic Signs Two MoUs to Boost Industry-Ready Skills in Emerging Technologies

Today, I witnessed the signing of two important MoUs to strengthen Koraput district’s skilling ecosystem. 

➜ Government Polytechnic, Koraput and Skyy Skill Academy Private Limited, Hyderabad signing an MoU to promote curriculum design, EV & battery manufacturing, summer… pic.twitter.com/6KXXu4TFWJ

— Sampad Swain (@SampadSwainBJP) August 15, 2026

The agreements were signed by Government Polytechnic, Koraput with two technology and skill-development organisations, focusing on emerging technologies, practical training, internships and improved employment opportunities.

Focus on EV and Battery Technology

Under the first MoU, Government Polytechnic, Koraput partnered with Skyy Skill Academy Private Limited, Hyderabad.

The collaboration will focus on areas such as curriculum development, electric vehicle (EV) technology, battery manufacturing, summer internships and short-term courses.

The partnership will also promote industry-oriented skill development and strengthen technical education by giving students greater exposure to technologies and practices used in the rapidly evolving EV and manufacturing sectors.

AI, Robotics and Industry 4.0

The second MoU was signed between Government Polytechnic, Koraput and Tech Communication Computer Academy Private Limited, Bhubaneswar.

The partnership will focus on developing student capabilities in Artificial Intelligence (AI), robotics, Industry 4.0, digital technologies and IT-enabled services.

Through specialised training and practical exposure, students are expected to gain a better understanding of emerging technologies and their applications across different industries.

Bridging Education and Industry

The two collaborations are aimed at narrowing the gap between classroom-based technical education and the changing requirements of industry.

The partnerships are expected to provide students with opportunities for hands-on learning, internships, research and exposure to emerging technologies, while helping them develop skills aligned with current and future employment needs.

With industry-oriented training becoming increasingly important in technical education, the MoUs could help students from Koraput build stronger professional capabilities and improve their prospects for employment in technology-driven sectors.

Domestic Investors Sustain Buying Momentum as FIIs Show Signs of Return

Mumbai: Domestic institutional investors (DIIs) have continued to provide strong support to Indian equities, remaining net buyers in every week over the past month, while foreign institutional investors (FIIs) have shown signs of renewed buying interest.

According to market data, DIIs have made cumulative purchases of Rs 38,715.18 crore over the last one month. In August so far, FII buying stood at more than Rs 4,115.93 crore, compared with DII purchases of around Rs 17,053 crore, indicating a notable improvement in foreign investor sentiment.

FIIs had remained heavy sellers during the first two weeks of the recent period, with outflows of Rs 4,205.56 crore and Rs 3,892.77 crore. The selling pressure coincided with the Nifty touching a low of 23,767.45. However, foreign investors subsequently turned buyers from July 28, helping the Nifty recover to 24,774.30 by August 3.

Despite the recent improvement, FIIs remain net sellers on a cumulative basis, with net outflows of Rs 3,173.68 crore, according to Bajaj Broking Deputy Vice President-Research Pabitro Mukherjee. Last week, FIIs were modest net buyers of Rs 1,228.24 crore, despite alternating sessions of buying and selling.

Market sentiment, however, remains sensitive to global developments. Rising crude oil prices, geopolitical uncertainty and mixed international cues weighed on Indian equities during the week. Investors are also assessing the final phase of the Q1 FY27 earnings season and its implications for corporate profitability.

For the week, the Sensex declined 0.62 per cent to close at 78,009.25, while the Nifty fell 0.83 per cent to settle at 24,366.

Analysts have highlighted elevated crude prices as a key risk for the Indian market. Brent crude was trading around $87.18 a barrel after briefly testing the $90 level, raising concerns over India’s import bill, the rupee and inflationary pressures.

With domestic institutions continuing to provide a strong liquidity cushion and foreign investors showing early signs of returning to the buying side, market participants are likely to closely track FII-DII flows, crude prices, geopolitical developments and corporate earnings in the coming sessions.

Voltas Celebrates One Year of Its Ludhiana COCO Store with Exclusive Anniversary Offers

Ludhiana, Aug 16: Voltas Limited, India’s No. 1 AC brand from the house of Tata, is celebrating the first anniversary of its Company-Owned Company-Operated (COCO) Store in Ludhiana with exclusive offers across its cooling and home appliance portfolio. Available till August 16, 2026, the anniversary campaign brings attractive cashback benefits, easy EMI options and special finance schemes on select Voltas and Voltas Beko products.

 Launched in August 2025 as Voltas’ first COCO store in Ludhiana, the 2,200 sq. ft. experience centre was established to offer consumers a one-stop destination to explore the brand’s comprehensive range of cooling and home appliances solutions. Over the past year, the store has strengthened Voltas’ connect with consumers while showcasing its latest innovations backed by expert guidance and after-sales support.

 As part of the celebrations, customers can avail cashback benefits of up to ₹6,000 on select air conditioners, along with low-cost EMI and finance options. These offers extend across Voltas’ premium inverter AC range and select Voltas Beko refrigerators, washing machines and dishwashers.

 Speaking on the occasion, Mr. Mukundan Menon, Managing Director, Voltas Limited, said, “The completion of one year of our Ludhiana COCO store is an important milestone in our journey to bring innovative and customer-centric solutions closer to consumers. Since its launch, the store has enabled us to engage directly with customers, understand their evolving needs and showcase our diverse portfolio of cooling and home appliances. We are grateful for the trust and support extended by customers in Ludhiana and Punjab and are delighted to celebrate this milestone with special anniversary offers that deliver greater value and convenience.”

 Commenting on the occasion, Mr. Jayant Balan, Head – Room Air Conditioner Business at Voltas, said, “Punjab continues to be a strategically important market for us, driven by growing consumer preference for technologically advanced, energy-efficient and premium home appliances. The strong response to our Ludhiana COCO store over the past year reinforces the importance of creating immersive retail experiences that allow consumers to interact with our innovations firsthand. We look forward to further strengthening our relationship with customers in the region and celebrating this milestone with them.”

Mr. Jayant Balan will join customers and channel partners to celebrate the store’s first anniversary, reflecting Voltas’ continued commitment to strengthening consumer engagement and expanding its retail footprint through exclusive brand stores across the country. Customers can also avail special anniversary offers on a wide range of Voltas and Voltas Beko products till August 16.

DLF celebrates the 80th Independence Day with the ‘Freedom Run’ at DLF Midtown, Moti Nagar

 

DLF celebrates the 80th Independence Day with the ‘Freedom Run’ at DLF Midtown, Moti Nagar

 

Over 500  residents participated in DLF’s Freedom Run at DLF Midtown, Moti Nagar, New Delhi

New Delhi, Aug 16: DLF organized its flagship community event, the “Freedom Run,” at DLF Midtown to commemorate the 80th Independence Day. The community run commenced at 7:00 am, starting from DLF Midtown Plaza, Shivaji Marg. Over 500 residents enthusiastically participated in the race, embracing the spirit of unity and health. Following the community run, the celebration continued with the hoisting of the national flag and a series of engaging activities that truly captured the essence of the occasion.

For many years, DLF has been organizing the ‘Freedom Run’ as its flagship initiative on Independence Day. It started at DLF5 in Gurugram and is now being held at various other locations, including DLF Midtown. Besides celebrating the spirit of Independence, this community event aims to inspire and encourage physical well-being among the residents.

A resident of DLF ONE Midtown shared her thoughts on the event, saying, “The Freedom Run is a special occasion for our community to come together and celebrate Independence Day. It was wonderful to see residents of different age groups participate and enjoy the event together. Along with celebrating our freedom, the run also encourages us to stay active and healthy, while creating a stronger sense of community.”

The remarkable turnout for the ‘Freedom Run’ highlighted the collective spirit of the community as residents ran, walked, and jogged side by side. With the motto “Viksit Bharat,” they pledged to continue honouring the legacy of those who fought for the country’s freedom, striving tirelessly to propel the nation toward new heights of progress and prosperity.

 

Bank of Baroda Celebrates India’s 80th Independence Day with Patriotic Fervour

Mumbai, August 16, 2026: Bank of Baroda, India’s International Bank, celebrated India’s 80th Independence Day with patriotic fervour at its Corporate Office in Mumbai.

The celebrations commenced with the unfurling of the National Flag by Dr. Debadatta Chand, Managing Director & Chief Executive Officer, Bank of Baroda, in the presence of the Bank’s Executive Directors and senior leadership along with employees, followed by the singing of the National Anthem.

Bank of Baroda Celebrates India’s 80th Independence Day with Patriotic Fervour

 

Speaking on the occasion, Dr. Debadatta Chand, Managing Director & Chief Executive Officer, Bank of Baroda, said, “Independence Day is an occasion to honor the courage and sacrifices of those who fought for our freedom and shaped our nation’s journey, while renewing our collective responsibility towards its future. As India continues its progress towards becoming a stronger and more inclusive economy, the banking sector has an important role to play in expanding financial access, supporting enterprise and enabling aspirations. At Bank of Baroda, we remain committed to serving every section of society with trust, innovation and purpose, and to contributing meaningfully to the vision of a Viksit Bharat 2047.”

Barodians across the country also enthusiastically participated in the Har Ghar Tiranga campaign, which encourages citizens to proudly hoist the National Flag at their homes and workplaces, celebrating the collective spirit of patriotism and national pride. 

To mark the occasion, employees presented a series of cultural performances showcasing India’s rich heritage, diversity and enduring spirit of unity. The program brought employees together in celebration of the nation’s journey and provided an opportunity to reaffirm their collective commitment to the values of integrity, inclusion and service to the nation. 

Akan Hyderabad Marks Independence Day with ‘Akan Aahvaanam 2026’, Advancing Inclusion Through Purposeful Hospitality

HYDERABAD, INDIA, August 16, 2026: Akan Hyderabad marked Independence Day with the latest edition of its annual flagship initiative, Akan Aahvaanam 2026, bringing together policymakers, artists, hospitality leaders and guests for an afternoon centred on inclusion, empathy and purposeful hospitality.

The event was attended by Jayesh Ranjan, IAS, Special Chief Secretary, Government of Telangana; actress Dhaassyam Geetha Bhascker, Dr. Zelalem Birhanu Taffesse, Chief of Field Office, UNICEF Hyderabad, Journalists Anjali, Swapna, actor Kadambari Kiran, Temple Architect Anand Sai, among others, who joined the gathering to support the cause of accessibility and social inclusion.

Akan Aahvaanam 2026 followed a unique “Pay-As-You-Please” format, where guests enjoyed a curated aritaku bhojanam and live acoustic performances without fixed prices. Every contribution collected during the event was directed towards social initiatives through The Good Talk Factory Foundation, supporting public accessibility upgrades across Hyderabad, family-centric autism support programmes and skill-development workshops for neurodivergent youth.

Aahvaanam, which translates to “Invitation,” was conceived as a platform to transform hospitality into meaningful social action. Since its inception, the initiative has aligned Independence Day celebrations with causes that create lasting community impact.

Nihal Reddy, Managing Director of Akan shares his gratitude, “Akan is happy to be a part of such missions and initiatives that matter. Emphasis on the environment should be safe. Every child has not only a right but given the right opportunity then they can grow to the greatest place.”

Jayesh Ranjan, IAS, Special Chief Secretary, Government of Telangana,who spent time with the intellectually challenged children showcasing their talents, says “On Independence Day, we often measure our progress through GDP, incomes and economic growth. But true independence also means creating a level playing field for everyone, particularly those who face disadvantages. Akan Aahvaanam 2026 is a reminder that progress is meaningful only when it reaches everyone. We need to be more sensitive to the challenges faced by intellectually challenged individuals and create a society that accommodates and includes them.” 

Actress Dhaassyam Geetha Bhascker says, “Independence is truly meaningful when every individual has the opportunity to participate, contribute and feel included. Aahvaanam is an important step towards creating greater awareness and reminding society that inclusion is not an option, but a responsibility we all share.”

She added, “Every individual experiences the world differently, and we need to take the time to understand those differences with empathy and sensitivity. Events like Aahvaanam help us listen, learn and create spaces where individuals with intellectual and developmental disabilities can feel seen, respected and valued.”

Reflecting the mission of Akan Aahvaanam 2026, Akan incorporated inclusive features within the venue, including full wheelchair accessibility, a designated quiet and low-sensory seating area, and sensory-friendly service hours, enabling guests of different abilities to participate comfortably. The proceeds of the event will support  The Good Talk Factory initiatives, over 500 guests enjoyed the meal and contributed to the cause.