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 basis points to 11.1% because of a heavier gold‑coin mix. CaratLane is forecast to outpace the market with 38% revenue growth and a margin expansion to 12.5%. Watches, eyewear and other segments are also slated for double‑digit growth, with results due May 8.
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...
Bajel Projects Wins Mega Orders in West Asia and North Africa
Bajel Projects announced it has won two 500 kV overhead transmission line contracts in the Middle East and North Africa, together worth more than ₹400 crore (approximately $48 million). The orders are part of a flagship grid‑reinforcement programme aimed at bolstering the MENA...
Piramal Pharma Eyes Strong Earnings Growth over Next 2–3 Years
Piramal Pharma aims for early‑to‑mid‑teens revenue growth over the next two to three years, driven by rising demand for complex drugs such as antibody‑drug conjugates (ADCs). The Indian CDMO relies on contract manufacturing for 55% of its revenue, which fell...
Flipkart Appoints New Legal and Corporate Development VPs Ahead of IPO
Flipkart has named Sharayu Jadhav as Vice President of Legal and Varun Gupta as Vice President of Corporate Development as it readies for an IPO. Jadhav, returning from leadership roles at Acko and Razorpay, will oversee legal matters across the...
Quick Commerce War Intensifies as Jio, Amazon, Flipkart Scale up to Challenge Incumbents
India’s quick‑commerce sector is entering a scale‑up phase as Reliance Retail’s JioMart logs 2 million daily orders in Q4 FY26, a 300% year‑on‑year surge, and leans on a 3,100‑plus store network instead of capital‑heavy dark stores. Amazon Now and Flipkart are racing...
Leela Hotels Q4 Net Profit up 46%at ₹171 Crore
Leela Palaces Hotels & Resorts posted a 46% jump in Q4 FY 26 net profit, reaching ₹171 crore (≈$20.6 million). Revenue from operations rose 12% to ₹484 crore (≈$58.3 million), helped by a 15% increase in average daily rates and stronger food‑and‑beverage sales. Operating EBITDA...
Asia LNG Imports in March 2026 Lowest Since 2019
Asia’s LNG imports fell 4.3% in March 2026 to 21.12 million tonnes, the lowest March level since 2019. The drop was driven by reduced shipments from Qatar and the UAE amid the West‑Asia conflict, with China, India and Pakistan accounting for...
Peak XV Fully Exits Mobikwik in ₹130 Crore Block Deal
Venture capital firm Peak XV Partners has fully exited One MobiKwik Systems by selling 61 lakh shares—about 7.7% of the company—for roughly ₹130 crore (≈ $16 million). The block deal priced shares at ₹214 each (≈ $2.60), delivering a three‑times return on Peak XV’s original investment. Buyers include...
HPCL Says Leak Likely Caused Refinery Fire; CDU Restart Seen by Mid-May
Hindustan Petroleum Corporation Limited (HPCL) said a hydrocarbon leak in a heat‑exchanger likely triggered the April 20 fire at its new Rajasthan refinery, a project valued at roughly $9.6 billion. Restoration work is underway and is expected to finish within three to...
Reliance Navigates Volatile Oil Markets with Agile Sourcing, Operational Tweaks
Reliance Industries used diversified crude sourcing and operational agility to offset disruptions from the Iran‑War and volatile oil markets in the fourth quarter of FY 26. The refiner replaced Persian Gulf loading contracts with non‑Gulf suppliers, prioritized domestic product allocation, and...
CIL Plans 10-Year Roadmap to Slash 243 MT Coal Imports
State‑owned Coal India Ltd (CIL) unveiled a ten‑year roadmap (2026‑2036) aimed at eliminating the 243 million tonnes of coal imports it currently relies on. The plan hinges on boosting domestic output to 1 billion tonnes by FY 2028‑29, upgrading coal quality through beneficiation,...
Ambani Flags ‘Unprecedented Dislocation’ as Reliance Net Slips
Reliance Industries reported a 13% year‑on‑year drop in net profit to ₹16,970 crore (≈$2 billion) for the quarter ended March 31, while revenue rose 13% to ₹2.99 lakh crore (≈$36 billion). The decline reflects higher refining costs—up 15%—as the US‑Iran war pushed crude oil above $119...
Boba Bhai Targets 200 New Outlets in FY27, Eyes Tier-II Expansion Push
Bubble tea chain Boba Bhai announced an aggressive expansion plan to add 150‑200 new outlets in FY27, pushing its total to roughly 300 stores across ten major Indian cities. The company, which currently operates about 100 stores, is targeting tier‑II...
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...
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...