Sysco Cites Consumer Woes for Outlook That's Below Long-Term Target
The Houston-based food distributor expects sales growth of about 3% to 5% in fiscal 2026, less than the three-year sales growth target of 4% to 6% it gave last year.
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Business Upturn
an hour ago
- Business Upturn
Top stocks to watch today, August 7: Bajaj Auto, Trent, BHEL, Hero MotoCorp, SKF India and more
By Aman Shukla Published on August 7, 2025, 08:26 IST Indian stock markets are expected to witness stock-specific movements on Thursday, August 7, as multiple companies have announced quarterly results and key updates. Here's a rundown of stocks that could remain in focus today: Bajaj Auto The company maintained its domestic growth outlook and sees industry growth in FY25 at around 5–6%. The company maintained its domestic growth outlook and sees industry growth in FY25 at around 5–6%. Trent Q1 EBITDA surpassed estimates with margins improving to 17.4% from 15% YoY. Q1 EBITDA surpassed estimates with margins improving to 17.4% from 15% YoY. Jindal Stainless Margins rose to 13% from 10.4% YoY, with realizations up by ₹4,000 per tonne on a QoQ basis. Margins rose to 13% from 10.4% YoY, with realizations up by ₹4,000 per tonne on a QoQ basis. Fortis Healthcare EBITDA increased by 43%, with margins improving to 22.6% from 18.4% YoY. EBITDA increased by 43%, with margins improving to 22.6% from 18.4% YoY. Lumax Industries Reported a 40% YoY rise in EBITDA. Margins improved to 18.2% from 15.7%. Reported a 40% YoY rise in EBITDA. Margins improved to 18.2% from 15.7%. Raymond Lifestyle EBITDA rose 29%, with margins slightly up at 5.4% vs. 5% YoY. EBITDA rose 29%, with margins slightly up at 5.4% vs. 5% YoY. Raymond Ltd Q1 EBITDA grew 26%, with margins at 11% compared to 10% YoY. Q1 EBITDA grew 26%, with margins at 11% compared to 10% YoY. Protean eGov EBITDA increased by 31%, with a 284 basis points YoY improvement in margins. EBITDA increased by 31%, with a 284 basis points YoY improvement in margins. Hinduja Global Solutions EBITDA saw a 77% increase. Margins rose to 2.7% from 1.5% YoY. EBITDA saw a 77% increase. Margins rose to 2.7% from 1.5% YoY. Rain Industries Reported a 70.5% increase in EBITDA, with margins rising to 14% from 9% YoY. Reported a 70.5% increase in EBITDA, with margins rising to 14% from 9% YoY. Glenmark Pharmaceuticals Its US arm will pay $38 million as a settlement to a putative direct purchaser class. Its US arm will pay $38 million as a settlement to a putative direct purchaser class. Waaree Energies Plans to sell up to 3% stake in Indosolar at ₹500 per share to comply with minimum public shareholding norms. Plans to sell up to 3% stake in Indosolar at ₹500 per share to comply with minimum public shareholding norms. Hindustan Copper Signed an MoU with GAIL to jointly participate in copper and critical minerals block auctions. Signed an MoU with GAIL to jointly participate in copper and critical minerals block auctions. IRB Infrastructure Gross toll collections for July 2025 rose approximately 10% YoY. Gross toll collections for July 2025 rose approximately 10% YoY. Paras Defence Entered into a teaming agreement with Germany-based High Performance Space Structure Systems. Entered into a teaming agreement with Germany-based High Performance Space Structure Systems. Hero MotoCorp Reported a mixed Q1, with realisation increases coming in below estimates. Reported a mixed Q1, with realisation increases coming in below estimates. BHEL Losses widened, and revenue from the power business declined 5.5% YoY. Losses widened, and revenue from the power business declined 5.5% YoY. HUDCO Net interest margin fell below guidance. Return on assets stood at 1.89% vs. 2.24% YoY. Net interest margin fell below guidance. Return on assets stood at 1.89% vs. 2.24% YoY. Eternal Antfin is likely to offload its entire 1.95% stake through block deals at a floor price of ₹285 per share. Antfin is likely to offload its entire 1.95% stake through block deals at a floor price of ₹285 per share. Kotak Mahindra Bank Invesco is expected to sell 0.5% equity via block deals, with the floor price set at a 2.4% discount to CMP. Invesco is expected to sell 0.5% equity via block deals, with the floor price set at a 2.4% discount to CMP. Sula Vineyards EBITDA dropped 44.6%. Margins contracted to 17% from 28% YoY. EBITDA dropped 44.6%. Margins contracted to 17% from 28% YoY. GNFC EBITDA declined 80% YoY, with margins at 2% compared to 7.6%. EBITDA declined 80% YoY, with margins at 2% compared to 7.6%. Prince Pipes Reported a 32% decline in EBITDA, with margins slipping to 6.7% from 9.6%. Reported a 32% decline in EBITDA, with margins slipping to 6.7% from 9.6%. Kirloskar Oil Engines Net profit fell 11%, and margins dropped to 18.5% from 19.9% YoY. Net profit fell 11%, and margins dropped to 18.5% from 19.9% YoY. IRCON International EBITDA declined by 20%, with revenue slipping 22% YoY. EBITDA declined by 20%, with revenue slipping 22% YoY. VIP Industries Swung to a net loss as revenue declined 12% YoY. Swung to a net loss as revenue declined 12% YoY. SKF India EBITDA fell 14%, with margins narrowing to 13% from 16% YoY. EBITDA fell 14%, with margins narrowing to 13% from 16% YoY. Monte Carlo EBITDA loss widened despite a 10% YoY rise in revenue. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Bajaj AutoBHELHero MotocorpSKF IndiaStock to watchTrent Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Wire
an hour ago
- Business Wire
Mitsubishi Electric's ME Innovation Fund Invests in Pale Blue, Startup Developing Water-based Propulsion Systems for Satellites
TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that its ME Innovation Fund has invested in Japan-based Pale Blue Inc., a startup engaged in the development, manufacturing, and sales of propulsion systems for small satellites that use water as a propellant. This is the 13th investment the fund has made to date. In recent years, the number of satellite launches has increased significantly worldwide, and the number of businesses utilizing satellite constellations has rapidly expanded. Propulsion systems, which serve as the driving force for satellite operation and orbital transfer, are critical components of satellite missions. This has led to growing demand for propulsion technologies that offer superior safety, cost efficiency, and lower environmental impact. Founded in 2020 as a deep-tech startup originating from the University of Tokyo, Pale Blue is developing proprietary water-based propulsion systems that leverage two core technologies: low-pressure, ambient-temperature water vaporization and the generation of low-power plasma with oxidation resistance, aiming to thereby realize a safe and sustainable space infrastructure. Compared to conventional propellants, water is significantly safer, more cost-effective, widely available, and environmentally friendly. Pale Blue has already completed multiple in-orbit demonstrations using small satellites, confirming the technical credibility and reliability of its solution. Pale Blue is also progressing efforts to establish its own production capabilities, which include the establishment of a production engineering development site. For the full text, please visit:
CBS News
2 hours ago
- CBS News
Trump, Apple announce new $100 billion commitment to manufacturing in U.S.
Washington — President Trump and Apple announced a new $100 billion commitment by Apple to boost manufacturing in the U.S. "Today, Apple is announcing it will invest $600 the U.S. over the next four years," Mr. Trump said Wednesday afternoon. "That's $100 billion more than they were originally going to invest. And this is the largest investment Apple has ever made in America." He said the investment would create 20,000 new jobs at Apple and said the tech giant planned to build a smart glass manufacturing line in Kentucky. Mr. Trump called the investment "a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America also are made in America." He said the Apple would also build a server manufacturing facility in Houston, invest billions in constructing data centers across the country, and build a manufacturing academy in Detroit. Apple CEO Tim Cook appeared at Mr. Trump's side for the announcement and presented him with a glass Apple plate he said was engraved for the president and set in a base of 24K gold. The new investment would increase Apple's commitment to U.S. manufacturing to $600 billion over the next four years, according to a White House official. And it's expected to include a new "American Manufacturing Program" focused on bringing more of Apple's supply chain and advanced manufacturing to the U.S. White House spokesperson Taylor Rogers said in a statement that the announcement with Apple "will simultaneously help reshore the production of critical components to protect America's economic and national security." The company announced in February that it would invest $500 billion in the U.S. over the next four years and hire 20,000 U.S.-based workers. Apple said then that it would build a new 250,000 square-foot manufacturing plant in Houston, set to open in 2026, that will make servers to power Apple's AI services. The company also said it would establish an educational academy in Michigan focused on manufacturing and boost its investment in a fund aimed at fostering innovation across the U.S. In May, the president threatened to impose a 25% tariff on iPhones made outside the U.S., writing on Truth Social that he told Cook that he expects that iPhones that will be sold in the U.S. "will be manufactured and built in the United States, not India, or anyplace else."Kate Gibson contributed to this report.
