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Malaysian billionaire Lim Kok Thay broke ground on a $5.5 billion expansion at Resorts World New York City on Wednesday. The project adds hotels, an arena, and more gaming space to the Queens property. Lim said, "We are already moving towards a day when the city will have an integrated resort."
Escorts Kubota reported a 4.4% rise in net profit to Rs 385.94 crore for the quarter ended June 30, 2027. Revenue from operations jumped 28% to Rs 3,207.55 crore. The firm said, "Focused cost management and operational efficiencies helped sustain growth," despite higher raw material costs affecting their total expenses.
Sundaram Finance consolidated net profit rose 34 per cent to ₹636 crore in Q1 FY27. The company said it got a boost from increased lending and better operations. Total disbursements grew 22 per cent to ₹8,947 crore. Asset quality also improved, as the firm showed strong growth despite a complex backdrop.
The Centre is likely to introduce a Bill in Parliament on Tuesday to amend the Payment and Settlement Systems Act, 2007. This move could bring back the merchant discount rate on UPI and RuPay transactions. Many small merchants with low turnover will likely stay exempt from these new payment charges.
Sarda Energy and Minerals reported a nine per cent rise in net profit to ₹478 crore for the June quarter. Managing Director Pankaj Sarda said, "With the temporary operational disruptions behind us, we expect to return to our normal operating trajectory." The company also became net debt free this quarter.
India may formally adopt gene editing by mentioning it in the proposed Seed Bill. Agriculture Minister Shivraj Singh Chouhan said the Bill is ready for Parliament. Industry bodies want legal backing to improve crop breeding, though some groups object to transgenic terms. The government received 14,000 suggestions for the draft.
Accor and InterGlobe have called off their plan to acquire a stake in Treebo. The companies said they could not align their positions on crucial issues after constructive discussions. Accor currently has 75 hotels in India and remains committed to its growth strategy despite this change in expansion plans.
Britain would consider regulating advanced AI models if its current voluntary system for testing them before deployment no longer proved sufficient to protect the public. AI Minister Kanishka Narayan said, "If the right mechanism and lever changes in time and it feels like regulation might be a way, we will."
Nexus Select Trust reported an 11 per cent increase in net operating income to Rs 510 crore for the quarter ended June. The company also declared a distribution of Rs 370 crore to unit holders. They now plan to grow by acquiring eight additional shopping malls across India by 2030.
GMR Group expects the new Alluri Sita Ramaraju International Airport in Bhogapuram to handle six million passengers annually within five years. "The Visakhapatnam region is developing rapidly and has tremendous potential for passenger traffic," said I. Prabhakar Rao. Commercial operations start on August 17, with plans to scale capacity significantly later.
Torrent Power reported a 13 per cent profit drop to ₹639 crore for Q1FY27. Weaker generation business performance offset gains in transmission and renewable energy segments. The company said, "geopolitical disruptions impacted LNG supplies," hurting thermal plants. Meanwhile, Torrent Power completed its ₹3,632.35 crore acquisition of Nabha Power on June 25.
Westlife Foodworld reported consolidated revenue growth of 11.9 per cent to ₹740 crore on August 3, 2026. While guest counts grew, high input costs pushed restaurant operating margins down to 18.6 per cent. The company added five new restaurants and plans to open 60 more during the current fiscal year.