India Cements Net up 4 Times on Better Realisation, Lower Cost
India Cements, an UltraTech Cement subsidiary, posted a net profit of ₹59 crore (~$7.1 M) in the March quarter, nearly four times the ₹15 crore a year earlier. Revenue rose 3% to ₹1,229 crore (~$148 M) and EBITDA jumped to ₹179 crore (~$21.6 M) as expenses fell 11% thanks to lower power and freight costs. Sales increased 18% to 3.12 million tonnes, lifting capacity utilisation to 84% and net realisation to ₹3,791 per tonne. The firm also announced plans to expand its waste‑heat recovery and renewable‑energy capacity, targeting 80% green power by FY’29.
Montra Electric Expands Its Electric Small Truck Range with Two New Variants
Montra Electric, the Murugappa Group’s clean‑mobility arm, has added two electric small‑truck (e‑SCV) variants to its EVIATOR line – the 32 kWh EVIATOR 350 and the 50 kWh EVIATOR 350L+. The 32 kWh model targets high‑efficiency, last‑mile routes with a 140 km range and is priced...
Electronics Firm MELSS Forms JV with US-Based Valtech for Specialty Chemicals Used in Semiconductor Making
Indian engineering firm MEL Systems and Services (MELSS) has entered a joint venture with U.S. specialty‑chemical maker Valtech Corporation to produce chemicals and plastic components for semiconductor and solar‑cell manufacturing. The new entity, MELSS Valtech Ltd, will build a plant in Chennai...
MRPL Q4 Net Falls 67% to ₹119 Crore
Mangalore Refinery and Petrochemicals Ltd (MRPL) posted a Q4 net profit of ₹119 crore (≈ $14 million), a 67% drop from ₹363 crore ($44 million) a year earlier. Revenue rose to ₹28,493 crore (≈ $3.43 billion), driven by higher domestic sales despite export earnings falling to ₹7,252 crore (≈ $873 million)...
TNPL FY26 Profit Rises on Deferred Tax Restatement
Tamil Nadu Newsprint and Papers Ltd (TNPL) posted a full‑year net profit of ₹248 crore (≈$30 million) for FY26, a sharp rise from ₹4 crore the prior year, driven largely by a ₹219 crore (≈$26 million) deferred tax reversal after adopting India’s new tax regime. Quarterly revenue slipped to...
Mahindra Finance Q4 Profit Jumps 55%, FY26 Earnings up 19%
Mahindra Finance posted a 55% jump in Q4 FY26 profit after tax, reaching ₹873 crore (≈ $105 million) versus ₹563 crore a year earlier. Disbursements rose 11% to ₹17,184 crore (≈ $2.06 billion) and assets under management grew 12% to ₹1.34 lakh crore (≈ $16.1 billion). Net interest margin expanded by...
Supreme Power Equipment Bags ₹128-Crore Order
Supreme Power Equipment, a major Indian transformer maker, landed four Hyderabad orders worth ₹128 crore (≈ $15 million). The wins lift its total order book to ₹578 crore (≈ $70 million), giving the firm clear revenue visibility through 2027. Deliveries are scheduled over an 11‑17‑month horizon,...
Musk Says Tesla Has Begun Producing Its Cybercab Robotaxi
Tesla announced that it has begun serial production of the Cybercab, its first purpose‑built robotaxi. The two‑seat, steering‑wheel‑free sedan is slated for rollout in Phoenix, Miami, Orlando, Tampa and Las Vegas during the first half of 2026. While shares nudged up...
Adani Green to Invest ₹15,000 Cr in BESS as FY27 Capex Rises to ₹45,000 Cr; Rajasthan to Emerge as Key...
Adani Green Energy Ltd (AGEL) announced a $1.8 billion investment in battery‑energy‑storage‑systems (BESS) as part of a $5.4 billion FY27 capital plan. The company has already added 1.4 GW of battery capacity at its Khavda hub in Gujarat and aims to commission more...
CPCL Q4 Net Profit Triples on Refining Margin Boost
Chennai Petroleum Corporation Ltd (CPCL) posted a three‑fold jump in Q4 net profit to ₹1,421.85 crore (≈$171 million), driven by a sharp rise in refining margins after the West Asia conflict. The company’s gross refining margin is estimated at about $14 per...
Ready-to-Drink Beverages Expected to Double by 2030 as Consumers Shift to Impulse Purchases: Redseer
India’s non‑alcoholic ready‑to‑drink (RTD) market is projected to double to $40 billion by 2030, up from roughly $20 billion in 2025. The surge is powered by a structural shift toward impulse and need‑based purchases, especially through quick‑commerce platforms that have seen 100 %...
Bangla’s Harnest Launches Platform for Sustainable Apparel Components
Bangladesh‑based Harnest has unveiled the Responsible Trims Collection, a manufacturing platform that enables brands to source recycled, next‑generation and biodegradable trims, threads and accessories at industrial scale. The initiative highlights that trims account for more than 40% of a garment’s...
John Distilleries Open to Further Stake Sale to Sazerac, Founder Says
John Distilleries, the Bengaluru‑based maker of Original Choice whisky and Paul John single‑malt, is willing to sell its founder’s remaining stake to U.S. spirits group Sazerac. Sazerac already controls about 60% of the privately held company after a series of...
GGEPIL Raises ₹90 Crore From JM Financial PE and Investors for Green Waste Solutions
Green Gene Enviro Protection and Infrastructure (GGEPIL) announced a ₹90 crore (~$11 million) capital raise from JM Financial Private Equity, the SRF family office and other investors. The funding will expand GGEPIL's hazardous waste collection, treatment and energy‑recovery operations across sectors such...
Jio Financial, Allianz Form 50:50 JV for Health, Non-Life Insurance Business
Jio Financial Services and German insurer Allianz have signed a 50:50 joint venture to launch a full‑scale health and non‑life insurance business in India, formalising a partnership first hinted at in 2025. The deal pairs Jio’s extensive digital distribution network...
Energy, Intelligence and Social Impact to Drive CV Sector Transformation: Ashok Leyland MD & CEO
Ashok Leyland MD & CEO Shenu Agarwal told the CII Commercial Vehicle Summit that the commercial‑vehicle (CV) sector will be reshaped by three forces – energy, intelligence and social impact – as India eyes 2047. He called for a multi‑fuel strategy...
Lupin Launches Generic Diabetes Drug in US After USFDA Approval
Indian pharma Lupin Ltd received FDA approval for its generic dapagliflozin‑metformin extended‑release tablets and launched them in the United States. The product matches the brand Xigduo XR in bioequivalence and is offered in four strength combinations. The launch adds a lower‑cost...
Amazon Ramps up Efforts to Curb Counterfeits
Amazon is expanding its Counterfeit Crimes Unit (CCU) to India, establishing an on‑ground team to work closely with law‑enforcement, brands and sellers. The company will use AI‑driven scans that process billions of listings daily to identify counterfeit products and fake...
Table Space Adds 4.25 Lakh Sqft in Mumbai, Pune
Table Space, a leading enterprise managed office provider, announced the addition of roughly 425,000 square feet of Grade‑A workspace in Maharashtra, split between Pune and Navi Mumbai. The Pune rollout covers 376,000 sqft across Wakad, Yerwada and Koregaon Park, while a 1.30 lakh sqft hub...
Ex-MRPL MD-Led Team Investigating Barmer Refinery Fire Incident
A four‑member team led by former MRPL Managing Director M Venkatesh has been dispatched by the Oil Ministry to probe a fire in the crude distillation unit of HP C L’s 9 mtpa Rajasthan refinery. The blaze, traced to a hydrocarbon leak in a...
Quick Commerce Discounts Plateau as Firms Balance Growth, Profitability: Report
India’s quick‑commerce and e‑grocery platforms are tempering discount levels after two years of aggressive price cuts, with average grocery discounts now around 17% versus 15‑24% across major players. Flipkart Minutes’ XtraSaver leads the pack, offering up to 24% off, while...
Tata Steel, SMS Group Join Hands for New Technology to Cut Carbon Footprint
Tata Steel has signed definitive agreements with SMS Group’s Paul Wurth to install the world’s first electrically‑assisted syngas smelter (EASyMelt) at its Jamshedpur ‘E’ blast furnace. The phased industrial demonstration aims to slash carbon emissions by more than 50% compared with...
Fitch: Rising Foreign Investment Boosts Indian Financial Sector Credit Profiles
Fitch Ratings says rising foreign ownership in Indian financial institutions can boost credit profiles by expanding capital access, enhancing governance, and strengthening business resilience. The agency stresses that investments delivering better internal controls, risk management and board oversight are more...
Pharma Exporters Facing Issues with Online National Drug Licensing System
Indian pharmaceutical exporters are encountering technical problems with the Online National Drug Licensing System (ONDLS), which issues Certificates of Pharmaceutical Products (COPP) under the WHO Good Manufacturing Practices scheme. The Pharmaceuticals Export Promotion Council (Pharmexcil) has launched a feedback drive...
CleanMax to Supply RE Power to Shell From Upcoming 30 MW Hybrid Projects
CleanMax Enviro Energy will supply renewable electricity to Shell’s LNG terminal in Gujarat and its technology centre in Karnataka through two new hybrid projects totaling 30 MW. The Gujarat plant will generate 16.83 MW (6.93 MW solar, 9.90 MW wind) under a group‑captive model,...
Petition Alleges Violation of Trusteeship Norms in Sir Ratan Tata Trust
A petition filed by lawyer Katyayani Agrawal alleges that Sir Ratan Tata Trust (SRTT) violates Section 30A of the Maharashtra Public Trusts Act by having three lifetime trustees on a six‑member board, exceeding the one‑fourth limit. The amendment, introduced in September 2025,...
Adani Power Steps Into Nuclear Energy with New Subsidiary CMAEL
Adani Power has created a wholly‑owned step‑down subsidiary, Coastal‑Maha Atomic Energy Ltd (CMAEL), to develop nuclear generation, transmission and distribution. CMAEL was incorporated on April 13, received its certificate on April 18, and carries an authorized capital of ₹5 lakh (≈ $6,000) fully funded...
Infosys Q4 Results Preview: Set for Soft Quarter; FY27 Growth Outlook Seen at 2–5%
Infosys is slated to post Q4FY26 revenue of ₹46.7‑47.0 billion (≈$5.6‑$5.7 bn), a flat‑to‑slight decline sequentially but 4.8% YoY growth in constant currency. Profit after tax is projected at ₹7.6‑7.8 billion (≈$0.92‑$0.95 bn), showing modest YoY gains. The company will offer FY27 guidance of...
Tata Trusts Initiate Process to Scrap Restrictive Clauses in Bai Hirabai Trust Deed
Tata Trusts announced they will petition the Charity Commissioner to delete the 1923 clause that barred non‑Zoroastrians from serving on the Bai Hirabai Trust board. The move, approved at a board meeting chaired by Noel Tata, seeks to align the...
SWELECT Energy Evaluates Entry Into Wafer Manufacturing Business
SWELECT Energy Systems, a Chennai‑listed solar solutions firm, is evaluating entry into solar wafer manufacturing, aiming to launch within six months. The move aligns with the Ministry of New & Renewable Energy’s proposal to add wafers to the Approved List...
Ventive Hospitality Taps New Markets for Maldives Hotels
Ventive Hospitality Limited, backed by Blackstone, operates 13 hotels with over 2,000 keys in India and the Maldives, where its three resorts account for roughly 40% of consolidated revenue. Tourist arrivals in the Maldives have fallen since the West Asia...
Evonith Steel to Use ₹2,000 Cr Fundraise to Pare Debt, Complete Projects
Evonith Steel secured roughly $241 million from fresh debt and a $30 million NCD issuance to strengthen its balance sheet. About $211 million will be used to pare existing borrowings, while the remaining $30 million funds ongoing projects and new production lines. The capital...
Doctor-Led AI Platform Offering 24x7 Monitoring Outside Hospital Launched in Chennai
A doctor‑led AI platform, iLive Connect, launched in Chennai, offers 24/7 remote monitoring via a biosensor patch and wristband. The system streams real‑time heart and blood‑pressure data to a command centre staffed by about 40 physicians, who can alert patients...
Lupin Receives Form 483 After USFDA Inspection of Somerset Unit
Lupin Ltd disclosed that the U.S. Food and Drug Administration issued a Form 483 after inspecting its Somerset, New Jersey manufacturing site from April 13‑17, 2026. The FDA cited three observations that may represent violations of the FD&C Act. Lupin said it will address...
Lilly CEO Sees Weight-Loss Drugs Reaching About Half of Potential Users at Peak
Eli Lilly CEO David Ricks told investors that GLP‑1 weight‑loss drugs will likely reach only about half of the 500 million people worldwide who could benefit, due to institutional and cost barriers. He noted that today roughly one in ten eligible patients...
KRAFTON Launches Third Cohort of Its KIGI Incubator Programme
KRAFTON India has opened the third cohort of its KIGI incubator, selecting four Indian studios from 900 applications. Each studio will receive a grant of $50,000 to $150,000 and 6–12 months of mentorship from KRAFTON’s global development network. The program...
Maxivision Eye Hospitals Charts Aggressive Gujarat Expansion; to Invest ₹150 Cr in 2 Yrs
Maxivision Super Speciality Eye Hospitals announced a ₹150 crore (≈$18 million) investment to double its Gujarat footprint from 10 to 20 hospitals within two years. The Hyderabad‑based chain currently operates in six Gujarat cities and will add five new facilities in Ahmedabad...
NPSPL Speciality Chemicals to Set up Cathode Material Company in Andhra Pradesh
NPSPL Speciality Chemicals Private Limited will invest roughly ₹2,550 crore (about $307 million) to build a cathode material plant on 105 acres in Gudupalle, Andhra Pradesh. The state government approved the project, which is slated to generate 400 jobs and will benefit...
Crisil Q1 Net Profit Rises 46% to ₹233 Cr; Declares Interim Dividend
Crisil posted a 46% jump in Q1 FY26 net profit to about $28 million (₹233 cr), up from $19 million a year earlier. Consolidated revenue climbed 30% to roughly $132 million, driven by higher demand for its risk‑management and rating services. The firm announced...
Bosch Sees Strong Order Visibility as It Bets on Safety with Chassis Acquisition
Bosch Limited reports a "very full" order book in India as it finalizes the acquisition of Bosch Chassis Systems India, a market leader in safety and braking with three plants and roughly 2,000 employees. The deal expands Bosch's mobility portfolio,...
PNGRB Initiates Suo Motu Bidding Process for LPG Pipelines
The Petroleum and Natural Gas Regulatory Board (PNGRB) has launched a suo‑motu bidding process for nine LPG pipeline projects totaling about 2,500 km. The initiative aims to replace bulk road transport of LPG by 2030, improving safety, efficiency and environmental performance....
IOC Wins Bid for Kochi–Kanyakumari–Thoothukudi Natural Gas Pipeline
Indian Oil Corporation secured the PNGRB’s authorization to build and operate the 425‑km Kochi‑Kanyakumari‑Thoothukudi natural gas pipeline. The line will move up to 6.84 MMSCMD of regasified LNG from the Kochi terminal to demand hubs in Kerala and southern Tamil Nadu. It...
Finolex Cables Looking to Increase Its North East Presence Driven by Govt's Infra, Electrification Push
Finolex Cables Ltd is accelerating its expansion in India’s northeast, especially Assam, as the central government ramps up infrastructure and electrification projects. The company says revenue from the region has doubled over the last four years, with northeast sales now...
Indriya Signs Actor Krithi Shetty for Long-Term Brand Partnership
Indriya, the Aditya Birla Group’s jewellery label, has inked a long‑term partnership with Telugu film star Krithi Shetty, debuting the collaboration during its Akshaya Tritiya 2026 campaign. The campaign showcases temple‑inspired pieces—layered harams, jhumkas and bangles—through an intimate film that ties the actress’s...
Any Subsidy From Government Will Help Early EV Adoption: VinFast
VinFast is lobbying Indian state governments to follow Delhi's 2026 EV policy, arguing that any subsidy will accelerate early electric‑vehicle adoption. The company unveiled its VF MPV 7, a seven‑seater electric MPV priced at roughly ₹24.5 lakh (about $29,500) with a 60 kWh battery...
Vedanta Set for Strong March Quarter with Aluminium, Zinc Driving Growth
Vedanta is poised to post a robust Q4 FY26, with analysts projecting a 50‑60% year‑on‑year jump in EBITDA. The surge is anchored by higher realisations in aluminium and zinc, bolstered by lower alumina input costs. Power volumes are set to...
Tata Motors to Launch Hydrogen Bus Production in Lucknow
Tata Motors announced it will start producing hydrogen fuel‑cell and hydrogen internal‑combustion‑engine buses at its Lucknow plant, expanding its green‑mobility portfolio. The launch was unveiled by Tata Sons chairman N. Chandrasekaran alongside Uttar Pradesh chief minister Yogi Adityanath, coinciding with...
Pi Green, EcoGuard Partner to Digitise Carbon Capture and Build dMRV Systems
Pi Green Innovations and EcoGuard Global have signed a partnership to digitize Pi Green’s carbon‑capture methodology and launch a digital measurement, reporting and verification (dMRV) platform for Indian and global clients. The deal leverages Pi Green’s patented Carbon Cutter and...
Japanese Medical Devices Firm Create Medic Plans to Expand India Operations
Japanese medical‑device maker Create Medic announced a major push into India, opening a dedicated sales office in Chennai and planning similar hubs in Delhi, Kolkata and Ahmedabad. The firm is targeting roughly ₹100 crore (about $12 million) in annual revenue from the...
Codelco in Talks with Hindustan Copper for Chile Copper Joint Venture
Codelco is negotiating a joint venture with Hindustan Copper Ltd. to develop an undeveloped Chilean deposit, with the partnership slated to involve more than $1 billion in capital. The deal would let Codelco share the financial burden of new projects, a...