Business
ABB India posts record Q2 order book of Rs 4,363 crore, up 50%
ABB India posted a record Q2 order book of Rs 4,363 crore, up 50% YoY, with revenue up 21% and net profit up 3% to Rs 362.30 crore.
ABB India posted a record order book of Rs 4,363 crore for the quarter ended June 2026, up 50% year-on-year from Rs 2,917 crore, the company announced in results released on Saturday, August 1, 2026.
Revenue from operations rose 21% year-on-year to Rs 3,558.87 crore, while net profit for the quarter grew 3% year-on-year to Rs 362.30 crore.
Operational EBITA rose 23% year-on-year to Rs 461 crore, with margins up 20 basis points to 13.0%, even as the company faced higher freight, energy and commodity costs, including copper, silver and electrical steel.
The company said the strong quarter reflected demand across electrification, data centres, renewables, metals and infrastructure, supported by higher volumes and cost optimisation.
A special dividend of Rs 90 per equity share was declared by the board alongside the quarterly results.
The record order intake gives ABB India solid revenue visibility for coming quarters, as large electrification and automation contracts of this scale are typically executed over an extended delivery timeline.
ABB India reports its results on a calendar-year basis, meaning the quarter covered in this announcement runs from April to June 2026, aligning with the global parent company’s own reporting calendar.
The half-year period through June 2026 has also seen steady order momentum for the company, building on a broader capital expenditure cycle across Indian utilities, manufacturing and data centre construction.
ABB India’s growth was supported by strong demand across electrification, data centres, renewables, metals and infrastructure, sectors that have driven a broader capital expenditure upswing in Indian industry this year.
The company said margins were partly offset by higher freight, energy and commodity costs, including copper, silver and electrical steel, even as pricing strategies and cost optimisation helped protect profitability.
ABB India is the local listed arm of Swiss-Swedish engineering group ABB, and supplies electrification, automation and robotics equipment to sectors ranging from utilities to manufacturing across the country.
Photo by Rajshree Ray, Wikimedia Commons, CC BY-SA 4.0
Business
Gold, silver rates on Sunday: 24K at Rs 1.56 lakh per 10 grams
24-carat gold is priced at about Rs 15,584 per gram in India on September 20, with silver at Rs 255 per gram, unchanged from the previous day.
24-carat gold cost about Rs 1.56 lakh for 10 grams on Sunday, September 20.
The rate list showed Rs 1,55,840, while another listing showed Rs 1,55,999.
22-carat gold was Rs 1,42,850 for 10 grams.
Silver was Rs 255 per gram.
Rates vary slightly between sources.
Silver was quoted at Rs 255 per gram, which is Rs 2,550 for 10 grams and about Rs 2,55,000 per kilogram.
The silver rate was unchanged from the previous day.
Other listings showed slightly different figures, with one putting 24-carat gold at Rs 1,55,999 per 10 grams, because bullion rates vary by source and time of day.
Advertised per-gram rates do not reflect the final cost of jewellery, which also includes making charges, GST and other costs.
Buyers are advised to compare the total jewellery bill rather than only the advertised gold rate.
Purity should be checked, and hallmarked jewellery is the standard way to verify the carat of gold.
Gold prices in India are influenced by global bullion prices, the rupee exchange rate, import duties and local demand.
Festival and wedding seasons typically raise demand for gold in India, which can support prices.
Rates are indicative and can change during the day, so buyers should confirm the live rate with their jeweller before purchase.
24-carat gold is the purest form at about 99.9 percent, while 22-carat gold is about 91.6 percent pure and is the standard for most jewellery.
On the day, the gap between the 24-carat and 22-carat rates was Rs 1,299 per gram.
Silver at Rs 255 per gram works out to about Rs 2.55 lakh per kilogram.
On Sunday, September 20, 2026, 24-carat gold was quoted at Rs 15,584 per gram, or Rs 1,55,840 for 10 grams, in a widely published rate list.
The same list put 22-carat gold at Rs 14,285 per gram, or Rs 1,42,850 for 10 grams.
Gold jewellery, Kolkata (representative image), Wikimedia Commons, CC BY-SA 4.0
Business
Nifty gains third straight session, but weekly losing streak hits six
Sensex and Nifty ended the week on September 18 with a sixth straight weekly loss, even as the Nifty gained for a third straight session; the Sensex closed at 74,294.96 and the Nifty at 23,346.40.
The Nifty gained for a third straight session on Friday, closing at 23,346.40, but the index still ended the week lower for a sixth week in a row.
The Sensex ended at 74,294.96, down 19.63 points.
For the week, the Sensex fell 0.65 percent and the Nifty fell 0.22 percent.
A large NSE IPO drew liquidity away from the market during the week.
Crude oil and West Asia tensions continued to weigh on sentiment.
Crude oil remained a key factor, with Brent crude trading above the 100 dollar a barrel mark and easing to about 103 dollars on Friday.
Geopolitical concerns in West Asia continued to weigh on sentiment through the week.
Foreign institutional investor selling and elevated US bond yields were also cited among the pressures on the market.
A large NSE IPO worth about Rs 22,569 crore drew capital away from the secondary market during the week and constrained liquidity.
Technology stocks were among the laggards, and Tata Group shares including TCS and Titan fell sharply, with some of the declines running up to about 4 percent.
Banking, energy and life insurance stocks, including HDFC Life and SBI Life, were among the gainers.
The divergence between a falling Sensex and a rising Nifty on Friday reflected differences in the two indices’ constituents and bargain buying in some Nifty stocks.
On Thursday, September 17, the Sensex had closed at 74,314.59 and the Nifty at 23,270.60.
The Nifty 50 has now advanced for three sessions in a row, even though the weekly figures remain negative.
Market participants are watching crude oil prices, foreign fund flows and corporate earnings for cues on direction in the coming week.
Trading resumes on Monday, September 21, after the weekend.
On Friday, September 18, the 30-share Sensex fell 19.63 points, or 0.03 percent, to settle at 74,294.96.
Bombay Stock Exchange building, Mumbai (representative image), Wikimedia Commons, CC BY 2.0
Business
BlueWheel – A Hyderabad based Vehicle Care Platform: Roadside Rescue and Routine Repairs
The Hyderabad venture is developing a single destination for the complete vehicle care journey
Vehicle ownership involves far more than buying fuel and scheduling an annual service. There are washes, minor faults, accidental damage, specialised upgrades and, occasionally, the sudden breakdown that brings everything to a halt.
BlueWheel combines roadside rescue, car repair services, vehicle washing and custom automotive work within a single platform for Hyderabad vehicle owners.
BlueWheel wants to make those separate requirements easier to manage through one platform. I learned about the model from Rohit Paul of the Founder’s Office during a recent business meetup in Hyderabad.
Roadside assistance as the urgent entry point
Rohit Paul began with the most stressful use case. Although manufacturers including Maruti, Mahindra and Hyundai provide roadside assistance plans, customers can still face unanswered calls, handoffs and long delays.
BlueWheel’s answer is to attend breakdown requests in under 20 minutes. The promise puts urgency at the centre of the experience and gives the customer a simple expectation at a moment when clarity matters.
The infrastructure beneath the app
A smooth interface cannot repair a vehicle by itself. BlueWheel’s operating model is supported by more than 400 vetted service centres and over 100 expert technicians, whom it calls Advisors.
This network allows the company to route different requirements to relevant professionals. A roadside fault, an accident repair and a custom modification may demand very different capabilities, making provider selection an important part of the platform’s value.
Making vehicle services easier to navigate
Customers can choose the service they need, select a preferred centre and leave the coordination to BlueWheel. Available categories range from car washing to accident work and complex custom jobs.
The approach removes some of the research and follow-up that vehicle owners normally perform themselves. Instead of keeping multiple phone numbers and negotiating independently with each provider, the user interacts with a single organised layer.
What stayed with me
The broader service mix was the part of our conversation that changed my understanding of the company. I had initially assumed BlueWheel was mainly a roadside rescue operation. Rohit Paul described something closer to a continuing vehicle-care relationship, with urgent assistance at one end and planned work at the other.
That distinction matters. Most drivers do not want to discover a new provider every time the car needs attention. They want a dependable route from problem to solution, whether the requirement is a wash, body repair or a complicated custom job. Familiarity can remove much of the hesitation that usually accompanies automotive service.
There is also a sensible business logic in serving customers more often than emergencies allow. Breakdowns may introduce the platform, but routine needs can make it part of regular ownership. If both experiences are handled well, each strengthens confidence in the other.
For an owner, that continuity could make caring for a vehicle feel less like a series of disconnected negotiations and more like one manageable relationship.
A platform preparing to travel
BlueWheel is currently active throughout Hyderabad, including the Outer Ring Road and areas around 10 to 15 kilometres outside it. The company plans to move next into Bengaluru and Chennai.
Its future will depend on maintaining service quality across a larger network. But the underlying idea is strong: vehicle care should not feel like a collection of unrelated errands. By combining emergency response with regular maintenance and repairs, BlueWheel is working to turn it into one connected customer experience.
https://www.bluewheel.app/download/ | www.bluewheel.app | https://www.instagram.com/bluewheelthevehicleapp?stkn=MWFmMWFpdzNsem03
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