Batteries and flashlights maker Eveready Industries India Ltd on Tuesday, posted a stable set of Q1 earnings. The company reported a 21 percent increase in consolidated net profit at Rs 30.13 crore in the first quarter ended June 30. It had posted a consolidated net profit of Rs 24.99 crore in the same period of the previous fiscal. The battery, flashlight and led segments saw pent-up demand but appliances business remained muted.

Highway developer IRB Infrastructure Developers Ltd reported a consolidated net profit of Rs 71.91 crore for the quarter ended June 30. The company had clocked a consolidated net loss of Rs 30.13 crore in the corresponding quarter of the previous fiscal. The total consolidated income during the quarter under review rose to Rs 1,670.48 crore as against Rs 1,073.46 crore in the year-ago period. Expenditure also increased to Rs 1,529.73 crore during the June quarter, compared to Rs 994.66 crore in the previous fiscal. Tushar Kawedia, Chief Financial Officer spoke to CNBC-TV18 about the earnings fineprint.

ReNew announced that it will acquire L&T Uttaranchal Hydropower Ltd., which owns the Singoli Bhatwari Hydroelectric Project (SBHEP), from L&T Power Development Ltd., a wholly-owned subsidiary of the engineering and construction firm L&T. As a part of the transaction, ReNew will add the project operations team of SBHEP to its team.

The Rs 1 lakh-crore beauty and personal care market in India has seen a major shift in the past year. People are now buying most of their makeup online with an increased demand for clean beauty. Shilpa Ranipeta reports that despite the pandemic, beauty brands in India have grown over 30 percent in the past year.