🇮🇳 India Daybook: Cyient Profit Surges 90%, SEAMEC Bags Multi-Million Dollar Orders

📍 EARNINGS

• Cyient: Reported a stellar Q1 performance with consolidated net profit jumping 90% QoQ to ₹104 crore. Revenue grew 7.7% sequentially to ₹2,076 crore, while EBIT margins improved to 9% from 8.1%.
• Indian Energy Exchange (IEX): Consolidate net profit rose 11.6% YoY to ₹135 crore for the first quarter. Revenue for the period increased 11.4% to ₹157.9 crore, supported by an EBITDA margin of 82.9%.
• Infosys: Reported Q1 FY27 revenue of $5,082 million, marking a 2.4% YoY growth in constant currency. Large deal TCV reached $3.6 billion, with AI-related business contributing 8.2% of total revenue.
• Indosolar: Witnessed a sharp decline in Q1 performance, with net profit falling 68.6% YoY to ₹36.6 crore and revenue dropping 64.9% to ₹68.4 crore.

📍 ORDER WIN

• SEAMEC: Signed two significant diving agreements with HAL Offshore for services involving "SAMUDRA PRABHA" and "SAMUDRA SEVAK." The contracts are valued at $9.42 million and $9.96 million, respectively.
• Seshaasai Technologies: Announced winning two multi-year tenders from public sector banks (PSUs), providing long-term revenue visibility for its secure payment solutions.

📍 ACQUISITION & STRATEGIC MOVES

• Cyient: Announced an agreement to acquire TAO Digital Solutions to strengthen its capabilities in data, software engineering, and AI. The company also completed a buyback of 64 lakh shares.
• Swiggy: The board has approved a 49.5% cap on aggregate foreign ownership as the company prepares for its next phase of corporate growth.
• Coforge: Launched "Nuuron," an AI-Operating System for enterprises globally, with early adopter programs already underway.

📍 FUNDRAISING

• Power Finance Corporation (PFC): Received board approval to significantly increase its borrowing limits to ₹9 lakh crore to support expanding operations.
• CemIndia Projects: The board approved raising up to ₹5,000 crore through a Qualified Institutional Placement (QIP) or other permissible modes.
• Aye Finance: Approved the issuance of secured listed non-convertible debentures (NCDs) worth up to ₹220 crore via private placement.
• Indostar Capital Finance: Allotted 40,000 secured NCDs worth ₹400 crore with a coupon rate of 9.15%, maturing in 2028.

📍 MANAGEMENT CHANGE

• Infosys: Appointed Ashiss Kumar Dash as CEO Designate effective immediately. He is slated to take over as CEO and Managing Director on April 1, 2027.
• IREDA: J.V.N. Subramanyam has been appointed as the Government Nominee Director on the company's board.
• Spandana Sphoorty Financial: The board appointed Dipali Hemant Sheth as the Non-Executive Chairperson.

📍 CORPORATE ACTION

• Bharti Airtel: July 24, 2026, serves as the record date for its final dividend of ₹24 per fully paid-up share.
• Kalind: The company’s bonus issue (1:2) and stock split (from ₹10 to ₹2) are in focus for eligible shareholders.
• Voltamp Transformers: Set to trade ex-dividend for a final dividend of ₹100 per share.

📍 OTHER NEWS

• US Trade Tariffs: The United States has imposed a 10% tariff on various Indian goods under Section 301, effective July 24, 2026, citing concerns over forced labor in production.
• Jai Corp: Operations at the company's Vasona plastic processing unit have been suspended due to flooding caused by heavy monsoon rains.

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