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Capital NxT LLP raises 3i Infotech stake to 9.17% after buying 601,008 shares on Aug. 10, 2026
Capital NxT LLP and its persons acting in concert bought 601,008 shares of 3i Infotech in the open market on Aug. 10, lifting their holding from 8.88% to 9.17%. Crossing the 9% threshold triggered a mandatory disclosure under Regulation 29(1) of SEBI’s takeover rules. After the purchase, the group held 19,019,151 shares, representing 9.17% of the company’s total voting capital.
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Hydro One posts Q2 profit of $370 million as revenue rises to $2.30 billion
Hydro One reported second-quarter net income attributable to common shareholders of $370 million, or 62 cents per diluted share, for the quarter ended June 30, up from $327 million, or 54 cents, a year earlier. Revenue rose to $2.30 billion from $2.07 billion in the second quarter of 2025. The utility said the increase in diluted earnings per share was largely driven by higher revenue from Ontario Energy Board-approved rates and stronger peak demand. In June, Megan Telford became chief executive after former CEO David Lebeter retired.
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Universal Starch Chem posts Q1FY26 net profit of ₹325 lakh, reversing ₹251 lakh loss
Universal Starch Chem reported Q1FY26 results with net profit turning positive at ₹3.25 crore, compared with a net loss of ₹2.51 crore a year earlier. Revenue rose 21.4% year on year to ₹147.46 crore, while total expenses increased 15.4%, pointing to improved operating leverage. Basic and diluted earnings per share came in at ₹7.75 versus a loss per share of ₹5.97 in the prior-year quarter. Material costs increased, but overall profitability improved markedly.
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Foxconn’s AI server unit becomes top revenue driver, taking 51% share in Q2
Foxconn’s second-quarter results show its cloud and networking business, driven by AI servers, accounted for 51% of revenue for the first time. That surpassed the smart consumer electronics segment, which includes the iPhone, at 29%. Net profit rose 35% year on year to NT$59.97bn (about $1.86bn), a record for a second quarter, on consolidated sales of NT$2.53 trillion, up 41%. First-half net profit climbed 27% to NT$109.89bn, while operating margin improved by 0.6 percentage points to 3.75%.
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Orient Press Q1 net loss widens to ₹125.26 lakh as revenue falls 18%
Orient Press posted a wider net loss of ₹125.26 lakh for the quarter ended June 30, 2026, as total income from operations fell 18% year on year to ₹2,152.77 lakh. The company’s loss deepened from ₹79.15 lakh a year earlier, while basic and diluted EPS slipped to ₹(1.25) from ₹(0.79). Separately, the board appointed Bhanwarlal Gurjar & Co. as cost auditor for FY 2026-27, subject to shareholder approval.
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