Brookfield Launches Lumara Renewable Energy Platform in India; Westlife Foodworld Reports Profit Decline

Brookfield Launches Lumara Renewable Energy Platform in India; Westlife Foodworld Reports Profit Decline​

Global Companies Drive AI Innovation, Auto Manufacturing Reaches Milestone as Financial Results Emerge​

Global investment firm Brookfield has introduced Lumara, a new renewable energy platform aimed at accelerating solar, wind, and battery storage projects across India. The platform will deploy approximately $600 million, backed by an initial portfolio exceeding 6 GW of capacity.

Lumara is designed to overcome common industry bottlenecks, focusing specifically on projects facing delays in land acquisition, grid connectivity, or power purchase agreement (PPA) contracting. The initiative aims to advance assets earlier in their lifecycle by providing credit solutions to developers with advanced land and grid-interconnection positions.

Meanwhile, the AI startup Sarvam announced significant advancements in its frontier AI ambitions. The company appointed Devendra Chaplot, an AI researcher based in the Bay Area, as an advisor.

Sarvam unveiled a suite of products spanning inference, vision, speech, and enterprise AI, designed for corporate workflows in customer service, coding, and content generation. A fintech client reported improving conversation conversion rates by 3.5 times using Sarvam’s voice agents. The startup also introduced Sarvam Vision 2.0 for document intelligence, including handwritten Indic language processing and key-value extraction, and Sarvam V4 for speech recognition across 22 Indic languages.

Automotive Manufacturing Sees Milestone Reached in Gujarat​

Maruti Suzuki India has achieved a major operational milestone by commencing commercial production on the fourth manufacturing line at its Hansalpur facility in Gujarat. This new line is dedicated to manufacturing the all-electric e-VITARA sport utility vehicle.

The investment of estimated ¥3,900 crore into this expanded line brings the cumulative investment at the Hansalpur facility to about 325,289 crore. The new line adds 250,000 units of annual capacity, boosting the plant's production capability from 750,000 units to one million units.

Key Corporate Performance Updates​

Several companies reported their recent financial performance, reflecting varied trends across the corporate landscape.

Westlife Foodworld Reports Operational Changes
Westlife Foodworld, operator of McDonald’s restaurants in West and South India, reported a decline in consolidated net profit by 52.45% to 58 lakh for the June quarter of FY27, amid inflationary pressures. This is compared to a consolidated net profit of ₹1.22 crore reported in the April-June quarter of the preceding year.

Financial Highlights
A comparative look at Q1 results highlights key performance indicators:


Other Sectoral Results:

• Global Health Limited reported a revenue from operations of ₹13,040.51 million for the quarter ended 30.06.2026. Net profit after tax for the period stood at ₹1,5672.52.
• Gillette India announced a year-on-year increase in profit of 9.44% to ₹159.45 crore in the June quarter of FY27. Revenue from operations rose 10.8% to ₹3,783.02 crore.
• Torrent Pharmaceuticals reported a 3% rise in profit after tax to 566 crore for the first quarter ended June 30.
• Thermax saw a sharp decline in consolidated net profit of 86% to ₹22 crore for the quarter, primarily attributed to a cost overrun amounting to ¥91 crore in one project within its industrial infrastructure segment.
• Lagnam Spintex Limited reported Q1 results as well as the full-year totals.

Crude Oil Imports Reflect Changing Sourcing Mix​

India’s crude oil imports increased by 1.8% from June at a rate of 2.73 mbd, while the nation's overall imports edged up just 0.1% from 5.02 mbd.

Moscow has cemented its position as India's dominant supplier, with Russia’s share rising to 54.4%, more than doubling from 23.4% in January. The UAE remained the second-largest supplier at 488,900 bpd, recording a 4.6% decline from June.

Combined shipments from Saudi Arabia, the UAE, Iraq, Oman, Qatar, Kuwait and the Saudi-Kuwaiti Neutral Zone rose 15.8% month-on-month to nearly 1.2 mbd. Notably, Saudi Arabia recorded the sharpest increase among major suppliers, with volumes jumping 55% to 453,500 bpd, and its share rising to 9%.

Financial Data Snapshot: Companies Reviewed​

For a clearer comparison of operational performance across various companies, summarized data from the reporting quarter ended June 30, 2026 is provided below.

WESTLIFE Stock Price Movement​

Today, shares of Westlife Foodworld Limited rallied, closing at ₹507.10 after gaining 4.12%. The stock saw significant trading activity, with a total volume of 263,533 shares exchanged during the day.