LPG-Dependent Operations Halted at IFGL Refractories’ Kandla Plant in Gujarat
IFGL Refractories Ltd. has temporarily halted LPG‑dependent operations at its Kandla plant in Gujarat after the Indian government ordered oil‑marketing companies to prioritize domestic LPG supplies amid a Middle‑East conflict‑driven shortage. The stoppage affects high‑temperature kiln and heat‑treatment processes, but the company cannot yet quantify the impact on output or earnings. This is the first publicly disclosed case of fuel diversion disrupting refractory production. IFGL warns that similar constraints could ripple through other refractory manufacturers.
Tata Motors to Raise ICE Vehicle Prices by 0.5% From April 1
Tata Motors announced a 0.5 percent weighted increase in prices for its internal‑combustion‑engine (ICE) vehicles, effective April 1, 2026. The hike varies by model and variant and aims to offset rising input, commodity and logistics costs. This move reflects the broader pricing...
HDFC Bank Has Been Repeatedly Hauled up by Regulators on Compliance Issues
HDFC Bank has faced a string of regulatory actions over the past seven years, beginning with a ₹1 crore RBI penalty in 2019 for KYC and AML lapses. Subsequent sanctions include a 2020 RBI directive that halted digital launches, a 2024...
Nestle Adds Munch Production Line at Sanand Plant
Nestle India announced a ₹225 crore investment to add a new Munch chocolate production line at its Sanand, Gujarat plant. The expansion will boost the factory’s output by roughly 8,300 tonnes per year and is financed entirely through internal accruals. Nestle...
JSW Cement Adds 2.50 MTPA Capacity in Rajasthan
JSW Cement has commissioned a greenfield integrated cement plant in Nagaur, Rajasthan, adding 2.5 MTPA of cement grinding capacity alongside a 3.3 MTPA clinkerisation unit. The facility brings the company's total grinding capacity to 24.1 MTPA and clinker capacity to 9.74 MTPA, positioning it...
Health Tech Firm Oura Marks India Debut with Smart Ring
Finnish health‑tech company ŌURA has launched its Oura Ring 4 in India, available through Cromā stores and Amazon. The titanium smart ring tracks over 50 health indicators and offers personalized insights via a dedicated app. Pricing starts at ₹28,900 for the...
MRPL Dispatches 1000th Petcoke Rake to JSW Cement From Mangalore
Mangalore Refinery and Petrochemicals Ltd (MRPL) dispatched its 1000th petcoke rail rake, bound for JSW Cement’s Karnool plant. The shipment completed a second batch of 500 rakes, moving 40% faster than the first, highlighting MRPL’s operational improvements. Senior executives from...
Malabar Gold & Diamonds Announces ₹1,580 Cr Expansion
Malabar Gold & Diamonds announced a ₹1,580 crore expansion plan that will add 20 new showrooms across India by March 31. The rollout will lift the company’s global footprint to 445 stores in 14 countries and 22 Indian states and union territories....
Par Panel Asks Govt to Expedite Monetisation Tailings Dumps at Bharat Gold Mines
A parliamentary standing committee has urged the mines ministry to fast‑track the monetisation of roughly 33 million tonnes of gold‑rich tailings at Bharat Gold Mines Ltd (BGML) in Karnataka’s Kolar Gold Fields. The dormant PSU, closed since 2001, received ₹8.75 crore in...
Maruti Gets ₹5,786 Cr Income Tax Order; to Challenge Before Dispute Resolution Panel
Maruti Suzuki India received a draft income‑tax assessment of ₹5,786.4 crore for the 2022‑23 fiscal year. The company announced it will file objections before the dispute‑resolution panel. It emphasized that the order has no immediate effect on its operations, finances or...
French Carmaker Renault Ready with EV, but Indian Market Not yet Ripe
Renault India says its electric‑vehicle platform is ready but will wait for sufficient market demand before launching. EV penetration in India remains low at about 4 percent, prompting a cautious rollout. The company debuted the all‑new Duster with a hybrid powertrain...
AI Can Transform MSMEs in Kerala, Says CII at Digi-Tech Seminar
The Confederation of Indian Industry (CII) Kerala hosted a Digi‑Tech seminar emphasizing artificial intelligence as a catalyst for small and medium enterprises (MSMEs) in the state. Speakers urged entrepreneurs to move beyond incremental AI use and to redesign business models,...
Samsung Union Issues Strike Notice; Conciliation Talks on Monday over 27 Workers’ Termination
The Samsung India Workers Union (CITU) issued a strike notice on February 13, demanding the reinstatement of 27 workers suspended since March 7, 2025. The union warned it would walk out after a 14‑day deadline if terminations are not reversed. Labour Commissioner A Yasmin...
Tanker Carrying Crude Safely Exits Fujairah Even as Drone Hits Oil Terminal
An Indian‑flagged Suezmax tanker, Jag Laadki, loaded with about 80,800 tonnes of Murban crude, left Fujairah for India on March 15, despite a drone strike that damaged the UAE’s key oil terminal the day before. The vessel’s safe departure marks the...
EV Discounts Hit ₹5 Lakh as Fuel Jitters, Tax Perks and PLI Targets Drive March End Sales
Indian automakers are slashing electric‑vehicle prices by up to ₹5 lakh as the fiscal year closes, combining cash rebates, exchange bonuses and extended warranties. The push is fueled by fuel‑price uncertainty, generous corporate tax depreciation and the need to meet production‑linked...
West Asia Conflict : Plastics Manufacturers Raise Concerns About Polymer Price Hikes, Seek Survival Package for MSME Units
The All India Plastics Manufacturers Association (AIPMA) warned that polymer prices have surged 59% in just 11 days amid the West Asia conflict, threatening the viability of India’s plastic‑processing sector. Over 90% of the roughly 50,000 units in the industry...
Lupin Taking Bigger Bets on Innovation, More Proprietary Products in India: Lupin MD
Lupin is pivoting toward proprietary new chemical entities (NCEs) in India, aiming to launch multiple innovative products by next year. The company plans to focus on cardiac, diabetes, respiratory and oncology molecules, leveraging lower development costs and faster time‑to‑market. AI...
Zydus Lifesciences’ Anaemia Drug Desidustat Gets China Approval
Zydus Lifesciences has received NMPA approval for its oral anaemia drug Desidustat, targeting renal anaemia in adult chronic kidney disease patients who are not on dialysis. The therapy, a hypoxia‑inducible factor‑prolyl hydroxylase inhibitor, demonstrated efficacy and safety in Chinese Phase III...
Hettich Opens New Indore Plant; Eyes India as Key Global Manufacturing Hub
German furniture fittings leader Hettich inaugurated a 25,700 sq m automated undermount drawer‑runner plant in Indore, part of a roughly ₹2,000 crore investment in India. The new Quadro facility adds an annual capacity of about 5 million drawer runners and complements an existing hinge...
TIDCO to Invest ₹25 Crore Each in Raptee Energy and AgniKul Cosmos
The Tamil Nadu Industrial Development Corporation (TIDCO) approved ₹25 crore investments each for space‑tech startup AgniKul Cosmos and electric‑mobility firm Raptee Energy, marking the first disbursements under the state’s Startup Investment Policy 2025. The policy authorises up to ₹25 crore per startup across sunrise sectors...
Tata Consumer Receives ₹98 Crore Income Tax Demand for FY23, to Challenge Order
Tata Consumer Products Ltd received an income‑tax demand of ₹98.03 crore for FY23 under Section 143(3) of the Income‑tax Act. The company deems the demand unmaintainable and has filed an appeal, stating the assessment will not immediately affect its financial position or...
JSW Steel Starts Work on Mozambique Coking Coal Mine
JSW Steel has broken ground on the Minas de Revuboè (MdR) coking‑coal mine in Mozambique’s Moatize basin. The deposit contains 850 million tonnes of reserves, with 250 million tonnes of hard coking coal deemed recoverable, and the first phase aims to deliver...
Hindalco Halts Aluminium Product Sales as Iran War Roils Market
Hindalco Industries has suspended sales of its extruded aluminium products, invoking force‑majeure clauses as the Iran‑Israel conflict chokes shipping through the Strait of Hormuz and disrupts gas supplies vital for processing. While Indian smelters continue operating, the lack of reliable...
CCI Junks Complaint Against BookMyShow over Alleged Abuse of Dominance
India’s Competition Commission of India (CCI) has dismissed a complaint alleging that BookMyShow abused its dominant position in the online movie‑ticket market. The regulator defined the relevant market as online intermediation services for booking movie tickets and noted that while...
LPG Shortage: Wadi Surgicals’ Operations Shut in Vizag
Wadi Surgicals’ Visakhapatnam plant has been idle for four days after Hindustan Petroleum Corporation Limited failed to deliver its daily 4,500 kg LPG requirement. The shortage halted production of nitrile examination gloves, a vital PPE item for hospitals and labs. Management...
Dodging LPG Crunch, Bengaluru’s Oterra Hotel Takes the E-Route
Bengaluru’s five‑star Oterra hotel has largely avoided the citywide LPG supply crunch by converting its kitchens to electric induction cooking. The hotel now relies on industrial induction cooktops powered by renewable energy, using LPG only for a pizza oven and...
CRISIL Rates WeWork India A+/Stable, Projects 15-20% Revenue Growth
CRISIL assigned WeWork India Management Ltd an A+/Stable long‑term rating and an A1 short‑term rating covering ₹800 crore of bank facilities. The rating agency projects operating income to rise 15‑20% over the medium term as the coworking provider adds 20,000‑30,000 desks...
Razorpay Bets on AI Agents, Global Expansion to Power Next Phase of Growth
Razorpay is expanding beyond its core payments business by launching AI‑powered agents such as Agent Studio and Liquid, aimed at automating payments, finance and payroll tasks for startups and SMBs. The fintech is also scaling internationally, with operations now in...
US-Iran War Crimp LPG Supply, Hit Borosil’s Glass Production at Jaipur
Escalating hostilities between the United States, Israel and Iran have disrupted LPG shipments to India, prompting Oil Marketing Companies to issue a force‑majeure notice. Borosil Ltd, a major glass maker in Jaipur, said the shortage forced a temporary shutdown of...
Gujarat-Based Grew Energy to Host Engineers From China to Train Workforce
Grew Energy Pvt Ltd, a Gujarat‑based solar player, has brought roughly 40 Chinese engineers to India to install and commission its new 8 GW solar‑cell manufacturing complex in Madhya Pradesh. Phase‑1, a 3 GW line, is slated for trial runs in April 2026,...
GAIL Buys Oman LNG Cargo, Sources Say
Indian gas utility GAIL has purchased a cargo of Omani liquefied natural gas for delivery next week, priced between $17 and $20 per million British thermal units. The cargo, loaded on the vessel Orion Hugo chartered by Shell, is slated...
GREW Solar Gets ₹500 Cr Module Supply Order
GREW Solar has secured a repeat order worth about ₹500 crore from an independent power producer for high‑efficiency PV modules. The supply will feed the IPP’s upcoming utility‑scale solar projects across several Indian locations. GREW operates a 6.5 GW module plant in...
Pulsar International Board to Consider Venture Into Precision Farming
Pulsar International’s board will review a proposal to extend its Smart Agri Solution into AI‑driven Internet of Things (IoT) precision farming. The plan calls for integrating AI analytics, IoT sensors and drones to fine‑tune fertilizer, water and other inputs while...
IOC, BPCL, HPCL Could See Margin Pressure Amid Oil Price Spike: S&P
S&P Global Ratings warns that India’s oil‑marketing firms IOC, BPCL and HPCL could see profit margins squeezed as they keep retail petrol and diesel prices steady amid a recent crude price surge. Crude oil jumped above $100 per barrel after...
Elitecon International Net up Eight Times to ₹104 Crore in Q3 on Robust Demand
Elitecon International reported an eight‑fold jump in Q3 net profit to ₹104 crore, up from ₹13 crore a year earlier. Revenue surged to ₹1,741 crore, propelled by higher export volumes and strategic acquisitions. EBITDA climbed over ten times to ₹139 crore, while the firm...
Progcap Extends ₹10,000 Crore Credit to Women Entrepreneurs
Progcap’s new ProgShakti program has disbursed over ₹10,000 crore in unsecured working‑capital loans to women‑led MSMEs across India. Credit limits for women borrowers have risen 105 percent, and repeat financing now exceeds 90 percent, indicating strong trust in the platform. Women entrepreneurs constitute...
ZOFF Foods Raises $2 Million in Pre-Series B Round Led by JM Financial Private Equity
Raipur‑based spice brand ZOFF Foods secured $2 million in a Pre‑Series B round, led by JM Financial Private Equity’s India Growth Fund III and joined by boAt co‑founder Aman Gupta. This is the company’s second funding round, underscoring investor confidence in its growth...
Karkhana Acquires Micron EMS to Deepen Electronics Manufacturing Capabilities
Karkhana, a Bengaluru‑based manufacturing startup, has acquired Micron EMS Tech Pvt Ltd, adding a 40,000‑plus square‑foot facility equipped with high‑speed SMT and through‑hole lines. The deal expands Karkhana’s in‑house PCBA capabilities and gives it more than ten box‑build lines, enabling...
Kwality Wall’s Shares Slide After Company Reports Q3 Loss of ₹178 Crore
Kwality Wall’s (India) Ltd posted its first quarterly results since its February 2026 listing, revealing a net loss of ₹178.38 crore for Q3 FY26 on revenue of ₹223.43 crore. Exceptional charges of ₹93.70 crore, driven by brand impairment and asset write‑downs, pushed EBITDA...
Interio by Godrej Estimates Projects Business Revenue to Top ₹1,100 Crore in FY26
Interio by Godrej projects its workspace‑solutions business to exceed ₹1,100 crore in FY26, buoyed by strong demand for turnkey interiors across banking, corporate and infrastructure sectors. The firm recently delivered a 75,000 sq ft fit‑out for State Bank of India’s head office in...
Diamond Power Infrastructure Net Zooms 8 Times to ₹50 Crore on Better Demand
Diamond Power Infrastructure (DICABS) posted a net profit of ₹50 crore in the December quarter, an eight‑fold increase from the same period last year. Revenue surged 54 percent to ₹474 crore, driven by higher capacity utilization and premium EHV cable sales. The firm...
McLeod Russel Reports Narrowing of Q3 Net Loss at ₹36.41 Crore, Revenue Rises 20%
McLeod Russel narrowed its Q3 consolidated net loss to ₹36.41 crore, down from ₹87.33 crore a year earlier, while revenue from operations climbed 20% to ₹445.45 crore. The company acknowledged continued financial stress, citing outstanding inter‑corporate deposits and ongoing legal actions. Lenders have...