JSW Steel’s production rises

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⭐ JSW Steel sees surge in production 

JSW Steel’s crude steel production rose 14% year-on-year (YoY) to 15.69 lakh tonnes in July. The company said its production of flat rolled products grew at 15% to 10.72 lakh tonnes. Meanwhile, production of long items rose by 10% to 3.65 lakh tonnes. The company has an installed crude steel capacity of 27 million tonnes per annum (MTPA) in India, which is likely to touch 37 MTPA by FY25.

⭐ Power Grid reports fall in profit

State-owned Power Grid reported a 37% YoY fall in its consolidated net profit at ₹3,801 crore. However, revenue from operations stood at ₹10,905 crore, up nearly 7% YoY. On segment-wise performance, the company's transmission business revenue stood at ₹10,702 crore, rising by 5.9% YoY. Meanwhile, its consultancy and telecom businesses clocked a revenue of ₹235 crore and ₹190 crore, rising by 50% and 60% YoY, respectively.

⭐ Whirlpool’s profit rises three-fold

Whirlpool of India, the maker of washing machines and refrigerators, reported a three-fold rise in its consolidated net profit at ₹84 crore. The jump in profit was aided by price-led sales growth. Revenue from operations surged 55% to ₹2,081 crore due to the low-base effect. As per the management, the industry witnessed a recovery in the mid and premium segments, while growth in the entry segment was muted due to inflation.

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As per a report, 85% of Indian children have been victims of cyberbullying.

Source: Economic Times