Vikram Solar delivered a standout financial performance in the third quarter, reporting a fivefold increase in net profit as demand for solar modules strengthened and operating efficiencies improved. The sharp rise in earnings reflects favorable market conditions for renewable energy, supported by policy incentives, expanding project pipelines and improved pricing dynamics. Revenue growth, coupled with tighter cost controls, helped the company significantly enhance margins despite ongoing volatility in global supply chains.

Advertising technology firm Amagi is scheduled to list on the stock exchanges on January 21 following an exceptionally strong initial public offering that was subscribed more than 30 times. The robust demand reflects heightened investor confidence in digital-first business models and India’s expanding advertising technology ecosystem. Amagi’s public market entry comes at a time when investors are selectively backing companies with scalable platforms, global reach and clear profitability pathways.

LTIMindtree has announced plans to roll out salary hikes in the fourth quarter of FY26, covering nearly 50 percent of its employee base. The decision reflects a cautious but improving outlook as the IT services firm balances cost management with talent retention in a challenging global technology environment. While demand conditions remain uneven across geographies, management believes selective compensation increases are necessary to sustain morale and reward performance.

Jammu & Kashmir Bank delivered a stable financial performance in the third quarter, posting an 11 percent year-on-year increase in net profit to Rs. 589 crore. The improvement was driven by healthier interest income, controlled operating costs and stable asset quality. Despite a challenging interest rate environment, the bank benefited from better balance sheet management and sustained credit demand. The results reflect cautious optimism in the regional banking sector, highlighting J&K Bank’s focus on profitability, risk management and incremental growth.

SRF Ltd. reported a sharp improvement in profitability for the third quarter, with consolidated profit after tax rising 59.6 percent year-on-year to Rs. 432.66 crore. The strong performance was driven by improved margins, operational efficiencies and steady demand across key business segments. Despite a challenging global environment, the company benefited from better cost management and stabilization in raw material prices.

India’s manufacturing sector showed robust momentum in the third quarter as the Ficci Manufacturing Index climbed to an all-time high, reflecting improving business conditions and growing confidence among producers. The surge was driven by strong order books, capacity utilization and sustained domestic demand, even as global uncertainties persist. Industry leaders and economists see the index reading as evidence of a broad-based recovery in manufacturing activity, supported by government-led infrastructure spending, supply chain stabilization and steady investment flows into the sector.

Ola Electric has appointed Deepak Rastogi as its new chief financial officer, marking a significant leadership move as the electric vehicle maker scales operations and sharpens its focus on financial discipline. Rastogi’s appointment comes at a critical juncture, with Ola Electric expanding manufacturing capacity, investing in product development and preparing for long-term capital planning.

Newgen Software Technologies reported a mixed financial performance for the third quarter, with revenue continuing to expand even as net profit declined sharply. The company recorded a 29 percent drop in profit, reflecting higher operating expenses and margin pressures, while topline growth was supported by steady demand for digital transformation and enterprise software solutions. The results highlight the near-term cost challenges facing technology firms investing aggressively in product development and global expansion, even as underlying demand trends remain resilient.

Digital payments major PhonePe has moved a step closer to the public markets after receiving regulatory approval for its proposed initial public offering. The clearance from the Securities and Exchange Board of India (SEBI) allows the company to advance toward filing its updated draft red herring prospectus, marking a critical milestone in its listing journey. The development comes as investor interest in profitable fintech platforms strengthens and India’s digital payments ecosystem continues to expand rapidly.

Cisco Systems is reinforcing its long-term commitment to India by announcing plans to expand investment in one of its most strategic global markets. The move reflects India’s growing importance as a technology, manufacturing and innovation hub amid rapid digitalization and rising enterprise demand. Cisco’s focus spans networking, cybersecurity, cloud infrastructure and skills development, aligning closely with national priorities around connectivity and digital inclusion.