STT Data Centres Expands Power Purchases Partnership with Clean Max Enviro Energy
STT Global Data Centres has expanded its power purchase agreements with Clean Max Enviro Energy, adding 21 MWp of solar capacity and bringing the total hybrid renewable portfolio to over 130 MW across Tamil Nadu and Maharashtra. The deal includes a 26% equity stake by STT GDC India in captive green‑energy assets. AI‑driven workloads now represent 42% of Clean Max’s 5.7 GW contracted capacity, reflecting a tenfold increase in the data‑centre segment over two years. The partnership underscores the scaling of clean power to support high‑density computing.
LCA Tejas Fleet Likely to Resume Flying by Next Week, Says HAL Chairman
HAL Chairman Dr. DK Sunil announced that the Indian Air Force’s Light Combat Aircraft (LCA) Tejas fleet is slated to resume flying by Wednesday, following a temporary grounding after a crash linked to braking system problems. The clearance process, including...
Ola Electric Cuts Roadster 9.1 Price by ₹60,000 as 4680 Bharat Cell Production Scales
Ola Electric announced a ₹60,000 ($723) price cut for its flagship Roadster X+ 9.1 kWh electric motorcycle, lowering the price to ₹1,29,999 ($1,566) from ₹1,89,999 ($2,289). The reduction stems from economies of scale at its Gigafactory and vertical integration of the...
Agilent Technologies “in Country, for Country” Strategy Helps Mitigate Supply Disruptions
Agilent Technologies has rolled out an "in‑country, for‑country" manufacturing model and diversified supply chains to shield against disruptions from the West Asia conflict. The strategy includes a new Customer Experience Center in Mumbai and a refurbishment hub in Manesar, offering...
ISprout Launches New Workspace in Hyderabad
iSprout has opened a 560,000‑square‑foot enterprise‑grade workspace at Minaas Towers in Hyderabad, raising its city footprint to over 1.7 million square feet. The new facility delivers personalized floor layouts, branded environments, flexible expansion options and a dedicated enterprise support team. It...
Myntra’s International Brands Portfolio Records 50% Growth in March Quarter; 45% Sales Come From Non-Metro Regions
Myntra’s International Brands portfolio surged 50% year‑on‑year in the March quarter, fueled by the addition of 40 new global fashion and beauty labels. Women’s apparel accounts for roughly 60% of this segment, while the kids category grew over 65% YoY....
Novo Nordisk Cuts Starting Price of Ozempic by 36% and Wegovy by 48%
Novo Nordisk announced that, effective April 1 2026, the starting dose of its GLP‑1 drugs Ozempic and Wegovy will be reduced by 36% and 48% respectively in India. The new price for the 0.25 mg dose is ₹202 per day (about $2.44) or...
Mesabi Metallics Ties up $520 Million Credit Facility
Mesabi Metallics secured a $520 million senior secured credit facility from Valor Mining Credit Partners II, a mining‑focused fund backed by Breakwall Capital and Vitol. The financing supports the final phases of its $2.5 billion direct‑reduction iron ore mine and pellet plant in...
Cargill India Witnessing Double-Digit Growth Rate, B2B Biz Emerging as Key Growth Pillar
Cargill India is posting double‑digit, mid‑teens growth, with its B2B operations emerging as the primary growth engine. The company’s Innovation Centre is collaborating with food manufacturers to develop healthier, premium solutions across bakery, chocolate and confectionery. While its B2C portfolio—featuring...
How VCMint Fast-Tracks Investments in Early-Stage Startups
Serial entrepreneur Aditya Vuchi launched VCMint, a venture fund that has deployed roughly ₹40 crore (~$4.8 million) across 60 early‑stage startups in under two years, targeting ₹100 crore (~$12 million) by 2028. The fund concentrates on infrastructure and financial products for gig workers, digital‑safety...
Toyota Supplier Denso Targets 11% Return on Equity by 2030
Denso, Toyota's major auto parts supplier, announced a new strategic plan aiming for $50 billion in sales and an 11% return on equity (ROE) by 2030, up from its projected 8.1% ROE for fiscal 2026. The company also targets a 10%...
Morpheus Research Report Alleges 'Anti-Competitive' Practices by MakeMyTrip Despite CCI Order
Morpheus Research released a report accusing MakeMyTrip of continuing anti‑competitive price‑parity practices despite a 2022 Competition Commission of India fine of $26 million. The activist short‑seller alleges the platform uses an internal “price competitiveness score” to indirectly enforce parity, while also...
AWL Agri Business Looking to Scale up Acquired Brand Tops Rapidly
AWL Agri Business is accelerating growth of its newly acquired GD Foods brand, Tops, which posted roughly $60 million in revenue after an 80% stake purchase last year. The company plans to double Tops’ topline to about $120 million and eventually push...
Venu Srinivasan Re-Designated as Chairman & MD of Sundaram Clayton
Sundaram Clayton Ltd has re‑designated Venu Srinivasan as Chairman and Managing Director, succeeding R Gopalan who stepped down with immediate effect. Gopalan will remain on the board as a Non‑Executive Independent Director. The announcement coincided with the stock closing at ₹1,189,...
United Spirits Ropes in Virat Kohli for Johnnie Walker Luxe Blended Water Campaign
United Spirits, Diageo’s Indian arm, launched a new campaign for its Johnnie Walker Luxe Blended Water brand featuring cricket legend Virat Kohli. The film, set to a re‑recorded KISS track by YUNGBLUD, portrays Kohli in multiple roles to reinforce the “Keep...
CMS Acquires FSS’ ATM Management Biz for ₹115 Cr
CMS Info Systems announced it will acquire Financial Software and Systems' managed‑services business for about $14 million (₹115 crore). The transaction adds 8,000 ATMs to CMS's portfolio, bringing the total managed machines to 39,000 and complementing its existing cash‑logistics operation of 68,000...
Tenneco Clean Air Eyes Acquisitions, Ramps up R&D to Drive Next Growth Phase
Tenneco Clean Air India, a subsidiary of the $17 billion U.S. Tenneco group, is gearing up for a new growth phase that includes a potential first acquisition, a new manufacturing plant in Haryana and a $2 million boost to its R&D centre....
Excise Duty Cut to Help Oil Companies Absorb Losses, Prevent Fuel Price Hike: Petrol Dealers Association's Ajay Bansal
India's central government reduced excise duty on petrol and diesel to help oil marketing companies absorb current losses and stave off price increases. Companies are losing roughly ₹45‑₹50 per litre (about $0.55‑$0.60) due to higher crude prices and a weakening...
Coal India to Spend ₹3,300 Crore for New Coking Coal Washeries
Coal India announced a ₹3,300 crore ($398 million) investment to build eight new coking‑coal washeries, adding 21.5 million tonnes per year of washing capacity by FY30. The plan includes a ₹300 crore ($36 million) upgrade of existing facilities and leverages Tata Steel’s technical expertise. Combined with...
ASML Seeks Partnerships with Indian Firms, Team to Visit Semiconductor Units Across the Country: Ashwini Vaishnaw
ASML announced plans to partner with Indian semiconductor firms, sending a delegation to visit local chip‑making units. The move aligns with India’s Semiconductor Mission 2.0, which expands focus from pure manufacturing to design, materials, equipment, chemicals and gases. Union Minister...
TVS Srichakra Gets ₹29.47 Cr Demand Notice From Income Tax Authority
TVS Srichakra Ltd received a demand notice for ₹29.47 crore (approximately $3.55 million) covering tax, interest and a proposed penalty for alleged under‑reporting of income in FY 2017‑18. The company says the notice lacks merit and does not expect any material financial impact....
Unilever, Magnum Sued for Defamation by Ex Ben & Jerry’s Board Chair Mittal
Unilever and its spun‑off Magnum unit face a federal defamation lawsuit filed by former Ben & Jerry’s board chair Anuradha Mittal, who alleges the companies vilified her for supporting Palestinian rights. The complaint accuses Unilever and Magnum of false claims about...
CRED Rolls Out Biometric Authentication for UPI Payments up to ₹5,000
Fintech platform CRED has introduced biometric authentication for UPI payments, allowing users to approve transactions up to ₹5,000 ($60) using facial recognition or fingerprint instead of a PIN. Launched on March 25, 2026, the feature works on iOS and Android and applies...
Harlalka to Takeover as AM/NS India CEO as Oommen Retires
ArcelorMittal Nippon Steel India announced that CFO Amit Harlalka will assume the role of CEO on July 1, succeeding Dilip Oommen, who retires after a 22‑year tenure. Oommen, 68, will remain on the board and serve as Vice‑Chairman of ArcelorMittal India, preserving...
Kerala Start-Up Unveils ‘Chuvarbot 2.0’ to Automate Political Wall Writing
Kerala‑based Tevanova Techtrade Pvt Ltd has launched Chuvarbot 2.0, a CNC‑driven wall‑writing robot that automates the labor‑intensive task of painting political slogans. The prototype, demonstrated during Ramesh Pisharody’s Palakkad campaign, can cover a two‑ to three‑metre wall in 10‑15 minutes—about one‑fifth the time...
GAIL (India) Limited to Acquire 49% Stake in Leafiniti Bioenergy Private Limited
GAIL (India) Limited is investing roughly $1.6 million to acquire a 49 percent stake in Leafiniti Bioenergy, a TruAlt subsidiary, launching a joint venture to build six greenfield compressed biogas (CBG) plants in Karnataka, Maharashtra and Odisha. The first phase will deliver...
Sula Vineyards to Acquire Chandon’s Nashik Estate in Asset Deal
Sula Vineyards announced a definitive agreement to acquire Chandon’s 19‑acre wine estate in Dindori, Nashik, adding a production facility with a 450,000‑litre annual capacity that can scale to 1.3 million litres. The asset purchase, executed through subsidiary Artisan Spirits, includes land,...
Sundaram Home Finance Expands ‘Emerging Business’ Presence in South TN
India’s Sundaram Home Finance announced the opening of two new Emerging Business branches in the historic temple towns of Sankaran Koil and Ambasamudram, extending its footprint in South Tamil Nadu. Over the next year the lender will add five more branches, bringing...
Puravankara Lines up 33 M Sq Ft Launches Amid Demand Tailwinds
Puravankara plans to launch roughly 33 million sq ft of residential projects over the next two to two‑and‑a‑half years, part of a broader 51 million sq ft pipeline valued at over ₹55,000 crore (≈ $6.6 billion). The launches will focus on South India and Mumbai, where the developer has...
Ramraj Cotton Sprucing up Systems and Tech with 2030 IPO in Mind: Founder
Ramraj Cotton, the Indian ethnic‑wear label famed for modernising the dhoti, is gearing its operations for a public listing by 2030. Founder K R Nagarajan aims for a ₹10,000 crore (≈$1.2 billion) turnover before the IPO, while rolling out professional systems, senior hires and...
Maharashtra Government Reviews VRS Row at Bajaj Electronics Unit in Nashik
The Maharashtra government has stepped in to review a dispute over a voluntary retirement scheme (VRS) at Bajaj Electronics Limited’s Nashik facility, where workers allege coercion. Labour Minister Akash Fundkar chaired a meeting in Mumbai and ordered both the company...
Steel Companies Gear up for Further Hike in Prices
Indian steel producers are preparing for another price increase as U.S. attacks on Iran lift coking coal, ferro‑alloy and shipping costs. Domestic hot‑rolled coil prices have risen 23 percent to roughly $650‑$700 per tonne, up from about $566 a month earlier....
From IIT Lab to ₹6,700 Crore Firm: How SEDEMAC Outsmarted Bosch and Continental
SEDEMAC Mechatronics, born from an IIT‑Bombay lab in 2007, has IPO‑priced at a 13.5% premium, giving it a market cap of roughly $807 million. The Pune‑based firm pioneered sensorless motor‑control ECUs, now capturing about 35% of India’s integrated starter‑generator market and...
EKA Mobility Bags Order for 915 E-Buses in Hyderabad
EKA Mobility, a Pune‑based EV firm, received a Letter of Award to supply and deploy 915 electric buses in Hyderabad. The fleet will consist of 100 nine‑metre and 815 twelve‑metre non‑AC buses, delivered through a consortium with GreenCell Mobility. The...
AI Tokenisation Pricing Will Outweigh Human Effort in the Future, Says Hexaware’s Siddharth Dhar
Hexaware is rolling out its Agentverse Enterprise AI platform in 2026, featuring over 600 pre‑deployed AI agents that customers can access via a unified marketplace. The company will price these solutions using a hybrid model that blends traditional headcount‑based billing...
Premium Chocolatier SMOOR Plans 200 Outlets, Targets ₹800 Crore Revenue in Five Years
SMOOR Chocolates, a premium Indian chocolatier, is targeting roughly $96 million in revenue over the next five years, up from about $21 million in FY 24‑25. The company plans to grow its retail footprint from 75 to 200 locations, adding 15 stores initially...
India Coca‑Cola Bottler SLMG Beverages May Hike Prices Amid Rising Packaging Costs From West Asia War
India’s largest Coca‑Cola bottler, SLMG Beverages, is weighing selective price hikes as the Middle‑East war drives up costs for plastic bottles, caps, labels and cartons. The company, which posted a 49% sales jump to ₹6,773 crore and a 76% profit surge...
Euro Pratik Acquires 51% Stake in Chawla Brothers for ₹33.2 Crore to Strengthen North India Play
Euro Pratik Sales Limited announced the acquisition of a 51 percent stake in Chawla Brothers for ₹33.2 crore, including a ₹4.1 crore capital infusion, to expand its north‑India presence. The deal, funded entirely from internal accruals, is slated to close by 31 March 2026 and...
L&T Says No Major Disruption to L&T’s Middle East Business, Order Pipeline Intact
Engineering conglomerate Larsen & Toubro says its Middle East operations remain largely uninterrupted, with about 95 percent of its roughly 100 sites functioning normally despite regional tensions. Only 5 percent of sites near conflict zones have been temporarily halted, and no major projects...
Consumer-Tech Player Nothing Bets Big on Offline, Targets to Add 5,000 Touchpoints by Year-End in India
Nothing, the London‑based consumer‑tech brand, opened its first exclusive Bengaluru store to overwhelming demand, seeing 700‑750 visitors daily and projecting profitability within a year. Riding that momentum, the company announced plans to add 5,000 offline touchpoints, taking its Indian footprint...
Chai Kings Brews Expansion Plans; Eyes Fresh Fundraise
Chai Kings, the Chennai‑based new‑age tea retailer, is set to open about 30 new outlets in the city this year and expand into Coimbatore, Hyderabad and Bengaluru. The chain, which posted roughly ₹56 crore in revenue this fiscal year, is targeting...
Skoda Auto India Eyeing up to 12% Sales Growth in 2026: Company Official
Skoda Auto India is targeting 10‑12% sales growth in 2026, building on a near‑100% increase that delivered about 72,000 units in 2025. The plan hinges on ten product actions, including new variants of the Kushaq, Kylaq, Kodiaq and a facelift...
JSW MG Motor India Looks to Leverage on Non-Metros to Accelerate Sales of EV Windsor
JSW MG Motor India reports that 70% of its best‑selling EV, the Windsor, is sold in non‑metro markets, bringing cumulative sales to about 65,000 units since its October 2024 launch. The company’s 541 sales‑and‑service outlets, only 51 of which are in...
Max Fashion Aims to Open 40-50 Stores Nationally in Next Year: Official
Max Fashion announced plans to open 40‑50 new stores across India within the next year, extending its rapid expansion strategy. The retailer inaugurated its 34th Chennai outlet, the 71st in Tamil Nadu, featuring a 14,000 sq ft format with dedicated men’s, women’s and...
NCLT Directs Veranda Learning’s Shareholders to Approve Commerce Vertical Demerger
The National Company Law Tribunal (NCLT) in Chennai has ordered Veranda Learning Solutions (VLS) to call a shareholder meeting to approve the demerger of its commerce arm, J.K. Shah Commerce Education Limited (JSCEL). The meeting is scheduled for April 24,...
Indriya Eyes 100-Plus Stores as Aditya Birla Jewellery Brand Bets on Fashion Credentials
Indriya, the Aditya Birla Group’s jewellery label, is accelerating its retail footprint from more than 55 stores to a projected 100‑plus locations, with a goal of surpassing 75 stores by the end of March. The brand is shifting its marketing mix...
Vedanta Reuses 85 Million Cubic Metres of Water Across Operations in FY26
Vedanta Ltd reported reusing more than 85 million cubic metres of water across its mining and metals operations in FY26, achieving a 31 percent water‑recycling rate that ranks among the highest globally for water‑intensive sectors. The company’s three‑pillar strategy—recycle, conserve, replenish—underpins its...
Customers Will Choose Powertrain Options, Not Company: Lexus
Lexus introduced the ES500e, its first battery‑electric vehicle for India, priced at ₹90 lakh ex‑showroom. The car packs a 74.68 kWh lithium‑ion battery delivering 252 kW of power and a claimed range of up to 580 km on a single charge. President Hikaru Ikeuchi...
Generic Semaglutide Versions Roll Out at Prices Pegged 80% Less that Novo Nordisk’s Ozempic
Indian drugmakers Natco Pharma, Glenmark Pharmaceuticals and Eris Lifesciences are set to launch generic semaglutide on March 23, 2026, just after the drug’s patent expired. The generics are priced roughly 80% less than Novo Nordisk’s Ozempic, with Natco’s vials costing...
Thomas Cook India to Demerge Resort Business Into Sterling Holiday
Thomas Cook India will demerge its resort business into subsidiary Sterling Holiday Resorts Ltd, transferring six Nature Trails properties that generated ₹70 crore in revenue during the first nine months of FY2026. The split is intended to streamline the capital structure,...