CHENNAI PLUS

As global aerospace manufacturers increasingly seek resilient and diversified supply chains, the Aerospace business of Godrej Enterprises Group is showcasing India's expanding role in high-value aerospace and aero-engine manufacturing at the Farnborough International Airshow 2026, one of the world's most influential aerospace industry events, being held from July 20–24. Bringing together leading aircraft manufacturers, aero-engine OEMs, suppliers, technology companies and policymakers from around the world, Farnborough serves as a platform for shaping the future of aviation. As aerospace companies continue to diversify sourcing and strengthen supply networks, India is increasingly emerging as a strategic destination for advanced manufacturing and engineering. With more than four decades of experience in aerospace manufacturing, the Aerospace business of Godrej has built deep expertise in advanced engineering, precision manufacturing and high-complexity aerospace production....

The Board of Directors of ICICI Bank Limited approved the financial accounts for the quarter ending June 30, 2026. The auditors issued an unmodified report on these statements. In Q1-2027, profit before tax excluding treasury rose by 20.9% to ₹18,975 crore (US$ 2.0 billion) compared to the same quarter last year. Core operating profit increased by 15.6% to ₹20,235 crore (US$ 2.1 billion), with an 18.3% rise to ₹19,125 crore (US$ 2.0 billion) when excluding dividends from subsidiaries. Net interest income (NII) also grew by 12.7% to ₹24,384 crore (US$ 2.6 billion). The net interest margin improved slightly to 4.36%. Non-interest income, excluding treasury, saw a 16.0% increase to ₹8,425 crore (US$ 890 million), with fee income rising by 23.5% to ₹7,286 crore (US$ 770 million). However, operating expenses increased by 10.4% to ₹12,574 crore (US$ 1.3 billion). The treasury gained ₹151 crore (US$ 16 million) compared to losses in the previous quarter. Provisions, excluding tax, decreas...

Axis Bank, one of the largest private sector banks in India, delivered a strong start to FY27, reporting a Q1FY27 net profit of ₹7,114 crores, up 23% YoY, driven by positive operating jaws and stable asset quality. Net Interest Income (NII) grew 8% YoY to ₹14,646 crores, while Core Operating Profit grew 10% YoY and 5% QoQ to ₹11,122 crores. The Bank continued to gain market share across deposits and advances, with deposits growing 18% YoY and advances rising 19% YoY, driving a 20% YoY expansion in the balance sheet to ₹19,21,966 crores. Asset quality further strengthened, with Gross NPA at 1.28% (down 29 bps YoY), Net NPA at 0.39% (down 6 bps YoY). The Bank also improved its Return on Equity (RoE) to 14.16% while maintaining a strong Capital Adequacy Ratio (CAR) of 16.67%. Reinforcing its leadership in digital banking, Axis Bank maintained an approximately 38% UPI Payer PSP market share, with UPI transaction value growing 48% YoY. The Bank’s Corporate loan book grew 38% YoY, while th...

Neo Group has signed definitive agreements for an investment round of approximately ₹ 350 crore, led by Peak XV Partners, Neo Group’s earliest institutional backer with closing scheduled to be completed shortly. The investment marks a further deepening of Peak XV's commitment, as Neo Group enters its next significant phase of growth.  Neo Group has built a differentiated and institutionalised Wealth and Asset Management platform in India. With nearly ₹ 3,000 Crore of equity capital, approximately ₹ 1,30,000 Crore of total client assets, and ₹ 50,000 Crore of annualised recurring revenue (ARR) assets, the platform today operates across 30+ cities through a team of over 850 professionals – including 150+ of the most respected senior Wealth Advisors in the country, drawn exclusively from the highest tiers of leading global private banking institutions.   Neo Group is a uniquely knowledge-driven, super specialised platform, with an unparalleled depth of management in the wea...

Godrej Agrovet Limited (Godrej Agrovet), one of India's leading diversified agri-business companies, today announced the appointment of Gaurav Pande as Chief Executive Officer of Creamline Dairy Products Limited. He will lead the company's next phase of growth with a focus on strengthening market leadership, accelerating business transformation, driving innovation, and expanding the brand's presence across key markets. Speaking on his appointment,  Gaurav Pande, Chief Executive Officer, Creamline Dairy Products Limited , said  "I am honoured to join Creamline Dairy Products Limited at a time when India's dairy sector is witnessing significant transformation, driven by evolving consumer preferences, increasing demand for value-added products, and greater emphasis on quality and nutrition. Creamline has built a strong foundation of trust through the Godrej Jersey brand and an integrated dairy ecosystem that positively impacts consumers and farming communities alike...

Schaeffler India Limited, a leading motion technology company,  announced the launch of the  Schaeffler India Social Innovation Fellowship 2026-27 , a future forward initiative  aimed at recognizing and empowering individuals who are developing innovative, sustainable solutions that have the potential to drive meaningful social and environmental impact.  The initiative, now in its fifth year, represents the company’s long-standing dedication to driving inclusive progress through innovation and technology. The fellowship is designed to identify, support and accelerate  10 high-potential social innovators  from across India, with a deliberate focus on entrepreneurs from Tier II, Tier III and rural geographies. Through financial grant, structured mentorship, industry exposure and access to leading innovation ecosystems, the program enables innovators to strengthen and scale solutions addressing some of India's most pressing social and environmental challenge...