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Sugar company Triveni Engineering and Industries has reported a 69 per cent fall in its consolidated net profit to Rs 42.57 crore in the December quarter on higher expenses. The company had logged a net profit of Rs 137.40 crore in the year-ago period. Total income rose 3 per cent to Rs 1,600 crore during the October-December quarter of the 2025-26 fiscal against Rs 1,553.64 crore a year ago, according to a regulatory filing released on Tuesday. Expenses rose 12.44 per cent to Rs 1,566.76 crore compared to Rs 1,393.30 crore in the said period. The board has approved the reappointment of Dhruv M Sawhney as the company's managing director for a further five years. It also approved a capex of Rs 60 crore for enhancement of the capacity of the power transmission business.
India is registering growth amid a decelerating global economy, and the country is on the cusp of achieving a "psychologically important" USD 5 trillion mark, industrialist Nikhil Sawhney said on Tuesday. The government has set an ambitious target to make India a USD 5 trillion economy in the coming years. Addressing business leaders here at a session of All India Management Association (AIMA), Triveni Turbine's Vice Chairman and Managing Director Sawhney said, this is India's century and the numbers point towards a great future for India. The country has over a billion consumer base and a strong workforce. India is already the fifth-largest economy in the world and it is set to become the third-largest soon. "India's GDP is nearing USD 4 trillion and it is on the cusp of achieving a psychologically important USD 5 trillion mark. India's digital economy is on the steroids and is set to grow to USD 1 trillion by 2026," he said. At a time when the global economic growth is decelerat