Brookfield India REIT Delivers Record Q4 with Strong Leasing and Income Growth
Brookfield India Real Estate Trust (BIRET) posted a record Q4 FY2026, with net operating income (NOI) jumping 53% year‑on‑year to about $90 million and operating lease rentals up 55.7% to roughly $86 million. The REIT leased 1.6 million sq ft in the quarter, half of it from global capability centres, and raised its full‑year occupancy to 93%, a 5% increase. Annual results showed gross leasing of 4 million sq ft, NOI of $276 million and a 22.9% rise in lease rentals, while the portfolio expanded to 37 million sq ft after acquiring a 7.7 MSF Bengaluru campus. BIRET also secured nearly $1.2 billion in equity and bond financing since April 2025, underscoring strong investor appetite.
CIL’s Coal Auction Volumes Dip 6% in April
State‑owned Coal India Ltd (CIL) offered 30.5 million tonnes of coal through its Single Window Mode Agnostic (SWMA) auction in April, a 6 percent drop from March’s 32.5 MT. The decline occurs as West Asian geopolitical tensions push power plants to lean on...
HoABL Ropes In Esha Deol to Design Luxury Villas in Alibaug
Mumbai‑based developer The House of Abhinandan Lodha (HoABL) has partnered with Bollywood actress‑turned‑designer Esha Deol to design its luxury‑villa project in Alibaug. The 20‑acre coastal development will feature over 25 amenities and two Miros Hotels‑managed clubhouses, with Deol applying a...
Bondada Engineering Bags ₹816 Crore NTPC Solar Order, Doubles Revenue to ₹2,843 Crore in FY26
Hyderabad‑based Bondada Engineering secured a ₹816 crore (~$98 million) balance‑of‑system contract from NTPC Renewable Energy for a 600 MW solar PV project in Rajasthan, marking its second NTPC order and bringing cumulative NTPC business to about ₹1,207 crore (~$145 million) and nearly 1 GW of capacity....
Adani Calls for India to Build, Power, and Own AI Infrastructure on Home Soil
At the CII Annual Business Summit, Adani Group chairman Gautam Adani called for India to develop sovereign AI infrastructure, linking it to energy security. He highlighted India’s 500 GW power capacity and a target of 2,000 GW by 2047, arguing that compute...
Odisha Mining Corporation Plans Expansion of Kodingamali Bauxite Mine
Odisha Mining Corporation (OMC) announced plans to expand the Kodingamali bauxite mine’s capacity from 3.6 mtpa to 6 mtpa, responding to rising industrial demand. The mine, operating for eight years across Koraput and Rayagada districts, supplies bauxite to state‑based manufacturers. More than...
Fashion Retail Veteran Shailesh Chaturvedi Launches Neopolis Brands, Raises ₹90 Crore
Fashion veteran Shailesh Chaturvedi has launched Neopolis Brands, a venture aimed at importing and scaling international women’s fashion and accessories labels in India. The startup secured ₹90 crore (≈$11 million) from investors such as Alchemy Capital’s Ashish Kacholia, Lashit Sanghvi, Brandix Sri...
Piruz Khambatta’s Ashoi: How 60,000 Parsis Built $400 Billion in Enterprise Value
Piruz Khambatta, CEO of Rasna, released his book *Ashoi* outlining how the Zoroastrian principle of righteousness has helped India’s 60,000‑person Parsi community create roughly $400 billion in enterprise value. He argues that the triad of good thoughts, words and deeds builds...
Nalco's Alumina Exports to West Asia Affected Due to Geopolitical Tensions, Says CMD
National Aluminium Company (Nalco) says geopolitical tensions in West Asia have disrupted its alumina exports, which traditionally represent 40‑50% of its shipments. The slowdown at Middle‑East smelters has pushed spot alumina prices down to $305‑310 per tonne. Nalco’s fourth‑quarter profit...
From Fizzy Soda to Healthy Shakes, Brands Are High on a Zero-Sugar Rush
The Indian beverage market is witnessing a rapid surge in zero‑sugar and low‑sugar products, from carbonated drinks to protein shakes. New entrants like Karan Aujla’s Zyro and Beannery Foods’ Zumi are joining established giants such as PepsiCo and Coca‑Cola, which...
Navrattan Cement to Invest ₹250 Cr to Set up Green Cement Manufacturing Plant in Punjab
Navrattan Cement Industries LLP, a Navrattan Group subsidiary, announced a ₹250 crore (≈$30 million) investment to build a green‑cement manufacturing plant in Rai Majra, Rajpura, Punjab. The facility will employ advanced low‑carbon technologies aimed at cutting emissions and boosting energy efficiency versus conventional...
Ola Electric Gets Nod for Mass Market Scooter From ICAT
Ola Electric’s mass‑market S1 X+ scooter has received certification from the International Centre for Automotive Technology (ICAT), a government‑approved testing body under India’s Central Motor Vehicle Rules. The 5.2 kWh model features an 11 kW mid‑drive motor, a top speed of 125 km/h and...
KPI Green Energy Bags ₹621-Cr Order From NTPC Renewable Energy
KPI Green Energy announced a ₹621 crore (≈ $76 million) contract with NTPC Renewable Energy to supply balance‑of‑system (BOS) equipment for 500 MW of solar PV capacity in Bikaner, Rajasthan. The deal is split into a 300 MW block worth ₹367 crore and a 200 MW block...
WTiCabs’ ₹1,000 Crore Target Faces Stress Test as Dubai Acquisition Hits Rough Patch
WTiCabs remains committed to a FY26 revenue target of ₹1,000 crore (≈$120 million) even as its recent Dubai acquisition has turned loss‑making due to geopolitical tensions that cut utilisation to about 50%. The Dubai unit now forecasts ₹25‑30 crore (≈$3‑4 million) of revenue, half...
Construction Equipment Sales Dip 2% in FY26 Despite 32% Export Surge: ICEMA
India's construction equipment sector saw a modest 2% decline in total dispatches in FY2025‑26, falling to 136,995 units from 140,191 the year before. Domestic sales slipped 7% to 113,229 units, reflecting slower infrastructure execution, land‑acquisition bottlenecks, and tighter contractor liquidity....
Britannia Q4 Profit Rises 21.56% to ₹679.68 Crore, Beats Year-Ago Performance
Britannia Industries reported a 21.6% jump in Q4 consolidated net profit to ₹679.68 crore (about $82 million), beating the year‑ago figure of ₹559.13 crore. Revenue from product sales rose 7% to ₹4,686 crore (~$565 million), while total income grew 6.2% to ₹4,774 crore (~$575 million). For the...
Moody's Upgrades Rating on Vedanta Resources, Maintains Positive Outlook
Moody's upgraded Vedanta Resources Ltd's corporate family rating to Ba3 from B1 and lifted its senior unsecured bonds to Ba3, while keeping a positive outlook on both. The agency cited stronger earnings, higher aluminium production, and favourable commodity prices that...
Pronto Extends Series B to $45 Million at $200 Million Valuation
Pronto, the instant household‑services platform, announced a $45 million Series B extension that lifts its valuation to $200 million, effectively doubling the figure within a month. The round includes a $20 million commitment from Lachy Groom, co‑founder of Physical Intelligence, alongside existing backers such...
Oswal Pumps Bags ₹162 Crore Solar Pump Order From Maharashtra Utility
Oswal Pumps Limited secured a ₹162.06 crore (~$19.5 million) order from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to supply and install 6,896 off‑grid DC solar photovoltaic water‑pumping systems. The contract, part of the central PM Kusum B “Magel Tyala Saur Krishi Pump” scheme, covers design, manufacture, transport,...
L&T Bags ‘Mega’ ₹10,000-15,000-Crore Order From JSW Steel
Indian engineering giant Larsen & Toubro announced it has secured a mega order from JSW Steel valued at roughly ₹10,000‑15,000 crore (about $1.2‑$1.8 billion). The contract tasks L&T with engineering, procurement and installation of critical process facilities, including blast furnaces and steel melt...
Steel Exchange India Secures 5-Year MES Renewal, Reinforcing Defence Supply Credentials
Steel Exchange India Ltd secured a five‑year renewal of its Military Engineer Services (MES) approval, allowing continued supply of Fe 500D and Fe 500D HCRM TMT bars produced with TEMPCORE technology. The renewal, which requires IS 1786:2008 testing and periodic MES inspections, reinforces the...
Haleon India Witnessing Double-Digit Growth Momentum, Open to Inorganic Growth Opportunities
Haleon India posted double‑digit growth in Q1, driven by a ₹20 (≈ $0.24) Sensodyne launch that attracted 70% new consumers. The company doubled its distribution footprint, with rural sales now accounting for a quarter of revenue. CEO Kedar Lele highlighted plans...
Sundaram Home Finance FY26 Net Profit up 15% at ₹282 Crore
Sundaram Home Finance, a subsidiary of Sundaram Finance, posted a 15% jump in FY26 net profit to ₹282 crore (≈ $34 million), up from ₹245 crore the year before. Disbursements rose 5% to ₹6,842 crore (≈ $82 million) and assets under management grew 14% to ₹19,909 crore (≈ $240 million)....
IAI–DCX Radar Facility Groundbreaking Held in Tamil Nadu
Israel Aerospace Industries’ ELTA Systems and Bengaluru‑based DCX Systems have broken ground on a radar manufacturing plant in Shoolagiri, Tamil Nadu. The joint venture, ELTX Systems Private Limited, will complete construction by April 2027 and start production shortly thereafter. The facility will...
From Trailblazer to Torchbearer at Biocon: Kiran Mazumdar-Shaw Picks Claire Mazumdar as Heir Apparent
Kiran Mazumdar‑Shaw, Biocon's founder, announced that her niece Claire Mazumdar will succeed her as the company's next chief executive. The transition will be phased, allowing Shaw to remain involved while Claire assumes greater responsibility. Claire currently runs Bicara Therapeutics, a...
Jyothy Labs Q4 Profit Down 12.3% to ₹67.5 Cr, FY26 Revenue up 3.9% to ₹3,011.85 Cr
Jyothy Labs Ltd reported a 12.3% drop in Q4 net profit to ₹67.5 crore (about $8.1 million). Full‑year FY26 revenue rose 3.9% to ₹3,011.85 crore (~$363 million), with quarter revenue at ₹733.20 crore (~$88 million). The firm achieved a 10.8% YoY volume increase, but EBITDA margin...
HRS Aluglaze Bags Orders Worth ₹13 Crore
HRS Aluglaze, a leading Indian aluminium fabricator, secured new work orders worth ₹13 crore (approximately $1.56 million) that will be executed over the next two years. The orders come from Galaxy Real Estate, Pinnacle Solutions, Goyal & Co., and PSP Projects, covering...
IHCL, Lemon Tree Hotels Topped Room Additions in 2025
Indian Hotels Company Ltd (IHCL) and Lemon Tree Hotels led the Indian hospitality sector in 2025, together accounting for roughly 4,600 of the 14,199 branded rooms added nationwide. IHCL opened 30 properties, contributing about 3,000 keys, while Lemon Tree launched...
Skoda Targets 80,000 Units in FY27; EV Rollout, CAFE Norms and Cost Pressures Key
Skoda Auto India posted a record 75,555 units in FY26, driven largely by the Kylaq SUV, and has set an ambitious FY27 target of 80,000 units. The company plans to introduce electric models by late FY27 as India’s CAFE III emissions...
Mahindra & Mahindra Q4 FY26 Outlook: Record Volumes Face Margin, EV and Tractor Test
Mahindra & Mahindra (M&M) closed FY26 with record SUV sales of 660,276 units and a historic 505,930 tractors, cementing its No. 2 spot in India’s passenger‑vehicle market. Revenue is projected at roughly $4.6 billion with net profit near $420 million and EBITDA margins of...
OneSource Notches a Second Generic Semaglutide Approval in Canada, Through Partner
Canada approved its second generic version of Ozempic (semaglutide) through Apotex, which partnered with Orbicular Pharmaceutical Technologies and India‑based CDMO OneSource Specialty Pharma. OneSource handled end‑to‑end manufacturing, leveraging its FDA‑approved Bengaluru facility, while Orbicular led product development. The approval follows...
Beverage Players Sharply Focus on Affordability, Ramping up Distribution This Summer
Leading soft‑drink makers in India are doubling down on affordability and distribution to capture summer demand. Coca‑Cola and PepsiCo are rolling out ₹10 (~$0.12) single‑serve packs and expanding rural reach, while PepsiCo bottler Varun Beverages plans to add roughly half...
Bajaj Auto Sales Rise 40% in April on Export Surge; Buyback Ahead
Bajaj Auto posted a 40% year‑on‑year rise in April sales, moving 513,000 units, driven largely by an 83% jump in exports to 265,000 units. Export growth was powered by a 125% surge in three‑wheelers and a 78% rise in two‑wheelers,...
New RBI Rules for Shadow Banks May Put Tata Sons IPO on Radar
The Reserve Bank of India has broadened its definition of shadow lenders to include entities that receive indirect public funds, a move that could compel Tata Sons, the holding company of the Tata conglomerate, to pursue an IPO. The rule,...
Bombay HC Sets Aside ₹1,524-Crore GST Demand on Tata Sons in Docomo Case
The Bombay High Court has overturned a ₹1,524‑crore (≈$184 million) GST demand on Tata Sons, ruling that the damages paid to Japan’s NTT Docomo after a London arbitration award are compensatory, not a taxable supply. The court held that Integrated GST cannot be...
Adani Group Eyes Homegrown Talent Model, Plans to Phase Out Lateral Hiring
Adani Group chairman Gautam Adani announced a shift toward an entirely home‑grown workforce, aiming to phase out lateral hiring. The move aligns with a broader organisational overhaul that includes a three‑layer hierarchy, a partnership‑led execution model, and an expanded learning‑and‑development...
EV Maker Ola Electric Sees 20% M-O-M Growth in April
Ola Electric reported a 20% month‑on‑month increase in April 2026, registering 12,166 two‑wheelers versus 10,133 in March. The growth came as the broader Indian electric two‑wheeler market contracted over 22% in the same period, making Ola the only brand to...
Syngene Sees Pipeline Traction, Bets on Biologics for Growth Beyond FY27
Syngene International posted a modest 2% revenue rise to ₹1,037 crore (~$125 m) in Q4 FY26, while profit after tax fell 16% to ₹153 crore (~$18 m) due to exceptional costs and a key biologics client’s destocking. Margins compressed, with EBITDA margin dropping to...
PhonePe’s Share.Market Names Vijay Ajmera as Head Amid Leadership Transition
PhonePe has appointed long‑time executive Vijay Ajmera to head its Share.Market broking arm, succeeding Ujjwal Jain who left to launch a new venture. Ajmera, who previously founded a fintech lending firm, will oversee the wealth‑tech vertical, with mutual‑fund head Nilesh...
Coal India’s Production for April Falls 9.7%, Offtake Declines 2%
Coal India’s April coal output dropped 9.7% year‑on‑year to 56.1 million tonnes, while off‑take slipped 2% to 63.2 mt. Five of its seven subsidiaries recorded production declines, with Bharat Coking Coal plunging 41.3%. Pithead stock rose to roughly 125 mt, tightening mine logistics....
Himadri Speciality Charts Expansion Plans for Two Fiscal Years
Himadri Speciality Chemicals outlined a two‑year roadmap to more than double its profitability by FY 28, leveraging recent capital investments. The plan includes completing a capacity‑expanded carbon‑black plant, launching anthraquinone and carbazole production, and bringing a lithium‑iron‑phosphate cathode line online in...
India Cements Sees Sharp Turnaround in FY26 as Brand Integration with Ultratech Reaches 100%
India Cements posted a Q4 FY26 net profit of ₹60 crore (~$7.2 million), up from ₹15 crore a year earlier, cutting its FY26 loss to ₹67 crore. The turnaround follows Ultratech’s full brand integration, now 100 % complete across nine plants, and a shift toward...
Tata Motors Secures No.2 Position in April Passenger Vehicle Sales
Tata Motors' passenger‑vehicle division posted 59,000 domestic wholesales in April, a 30.5% year‑on‑year increase, securing the second‑largest monthly sales position. Mahindra & Mahindra ranked second for the FY26 domestic wholesale total with 56,331 units, while Hyundai, Kia, Toyota, JSW and...
Passenger Vehicle Sales Fall 10% as EVs Show Resilience, Tata Leads: Vahan Data
April 2026 saw Indian passenger‑vehicle registrations drop 10.2% month‑on‑month to 398,146 units, while electric‑vehicle (EV) registrations slipped only 1.8% to 22,677 units. The modest EV decline lifted its market share to a new high of 5.7%, up from 5.2% in...
Adani Group Plans Major Restructuring of Its Operating Model
Adani Group announced a sweeping overhaul of its operating model, introducing a three‑layer hierarchy that pushes decision‑makers closer to project sites and aims to reduce decision times from days to hours. The restructuring coincides with a plan to accelerate capital...
Axis Energy to Invest ₹30,000 Cr in Underground Coal Gasification, Set to Acquire Tech
Axis Energy Ventures, a Brookfield‑backed wind and solar developer, announced a plan to invest roughly $3.6 billion (₹30,000 crore) in underground coal gasification (UCG) at two deep‑dip coal blocks in Odisha. The company will acquire a confidential UCG technology to convert otherwise...
Titan Set for Strong Q4; Jewellery-Led Growth May Pressure Margins
Titan is poised to deliver a robust Q4 FY26, with analysts projecting a 35% year‑on‑year rise in standalone revenue excluding bullion. The jewellery arm, Tanishq, is expected to post 31% like‑to‑like growth, though its EBIT margin may slip by 80...
Adani’s Giant Copper Plant Hit by Technical Woes in First Year
Billionaire Gautam Adani’s $1.2 billion Kutch copper plant, commissioned ten months ago, has struggled with engineering setbacks that have kept it far below its 500,000‑tonne annual capacity. From April 2023 to February 2024 the facility produced only 94,000 tons of refined copper,...
LPG Under Recoveries Likely at ₹80,000 Crore in FY27: ICRA
ICRA warns that India’s LPG under‑recoveries could hit ₹80,000 crore (about $9.6 billion) in FY27 as West‑Asia supply disruptions push international prices higher. The agency also projects the fertiliser subsidy to climb to ₹2.05‑2.25 lakh crore (roughly $26 billion) amid raw‑material cost inflation and an...
L&T Divests Stake in Hyderabad Metro Rail Arm for ₹1,461 Crore
Larsen & Toubro (L&T) has agreed to sell its entire stake in L&T Metro Rail (Hyderabad) to the government‑owned Hyderabad Metro Rail for roughly ₹1,461.47 crore (about $176 million). The transaction, expected to close by June 30, 2026, will remove L&T’s corporate guarantees and letters...