Business
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Amrutanjan targets 100,000 direct chemist outlets in FY27
Business StandardArchived
Amrutanjan Health Care plans to reach 100,000 direct chemist outlets in FY27 after adding 44,000 outlets in FY26, CMD S Sambhu Prasad said. Revenue from operations rose 11.23 percent to Rs 502.55 crore in FY26. Net profit grew nearly 14 percent to Rs 57.92 crore. Pain management
Sensex falls 475.73 points as US-Iran tension returns
The Hindu BusinessLineArchived
At about 10.50 am on Monday, the Sensex traded 475.73 points or 0.62 percent lower at 76,788.78. The Nifty 50 fell 167.75 points or 0.69 percent to 24,007.90. Brent crude was around $90 a barrel, up about 2 percent after US strikes on Iranian launchers. HDFC Bank rose more than 2
Cochin Port unions seek ICTT extension disclosure
The Hindu BusinessLineArchived
Cochin Port Joint Trade Unions Forum demanded disclosure of the rationale for a reported two-year extension to the Vallarpadam ICTT operator. India Gateway Terminal Pvt Ltd, a DP World company, has run the terminal since February 2011. Unions said it handled 0.77 million TEUs in
Megha MD seeks $700 million for uncle stake buyout
The Hindu BusinessLineArchived
Megha Engineering managing director PV Krishna Reddy is seeking about $700 million in private credit to buy uncle Pamireddy Pitchi Reddy's stake, Bloomberg reported. Krishna Reddy owns 57 percent; Pitchi Reddy holds 43 percent as executive chairman. Davidson Kempner, Elham Credit
Indian carmakers widen powertrain bets as petrol share weakens
The Economic TimesArchived
Petrol's share has fallen in India's automobile market, but carmakers are widening their powertrain bets, industry executives said. CNG, diesel, hybrids, EVs and plug-in hybrids are all competing as buyers have not moved en masse to a single alternative. JSW MG Motor India MD Anu
US to sanction another bank to curb Iran transactions
LivemintArchived
Treasury Secretary Scott Bessent said the Trump administration plans to impose sanctions on another bank this week to clamp down on Iran transactions. He spoke ahead of Group of 20 meetings in Asheville, North Carolina, urging counterparts to participate in economic isolation of
Air NZ posts NZ$336 million pretax loss
LivemintArchived
Air New Zealand reported a pretax loss of NZ$336 million for the 12 months through June 30, smaller than the NZ$390 million loss it had indicated. Rising fuel costs from the Middle East war cost the airline NZ$135 million after fare hikes. Engine maintenance issues added NZ$190 m
Bengaluru office projects face 15-month approval lags
The Hindu BusinessLineArchived
Bengaluru commercial developers report long gaps between paying sanction fees and starting work. One project was delayed nearly 15 months from March 2024 to August 2025. Featherlite's Aditya Chellaram linked delays to the BBMP-to-GBA shift. ANAROCK said Grade A office absorption
HDFC Bank weighs Bharucha and outsider for CEO
LivemintArchived
HDFC Bank plans to include Kaizad Bharucha among CEO candidates after Sashidhar Jagdishan retires in October, two people familiar with the matter said. Bharucha is deputy managing director. The lender is also seeking an external name to meet Reserve Bank of India rules. Neither t
Research houses put Q1 GDP near 7-7.5%
The Hindu BusinessLineArchived
Research houses put India's April-June GDP growth between 7 and 7.5 percent ahead of Monday's MoSPI release. SBI research is an outlier at 8 percent. Barclays estimated 7.5 percent. Bank of Baroda's Jahnavi Prabhakar estimated 7 percent with a possible 20 basis point upside. Janu
Jio Platforms gets SEBI nod for $4 billion IPO
The Indian ExpressArchived
Jio Platforms has received SEBI's final observations for an IPO that could raise around $4 billion, or about Rs 37,700 crore. The draft prospectus offers up to 27 crore fresh equity shares, about 2.9 percent of the post-issue equity base. Jio Platforms filed draft papers in June.
GIVA pulls Kriti Sanon ad citing on-ground staff safety concerns
LivemintArchived
GIVA founder Ishendra Agarwal said the brand withdrew its Rakshabandhan ad featuring Kriti Sanon after incidents created an unsafe environment for on-ground teams. Agarwal said the campaign's intent remains unchanged. GIVA started with an investment of ₹10 lakh in 2019. Its valua
Tata Motors holds over 3,400 electric CV orders in Q1
The Hindu BusinessLineArchived
Tata Motors MD Girish Wagh said demand for electric commercial vehicles remains strong. The company held over 3,400 EV orders across segments in the first quarter. He told analysts a China cell supply bottleneck that hit Intra EV is set to clear by quarter end. Electric SCV volum
Jindal Stainless raises coin blank capacity 20 percent
Business StandardArchived
Jindal Stainless is raising annual coin blank capacity by 20 percent to 12,000 tonnes from 10,000 tonnes, Hisar unit head Vijay Bindlish said. Blanks are made under high security for Indian and overseas mints. Division head Saurabh Kumar said the unit holds a 60-70 percent global
Tata Sons wins 3-month RoC extension for December AGM
The Hindu BusinessLineArchived
Tata Sons has secured a Registrar of Companies extension to hold its annual general meeting by December-end. It applied on Thursday after a lack of quorum adjourned the August 18 shareholders' meeting. Consent covers a three-month extension under section 96(1) of the Companies Ac
Max Estates buys 84.71 acre land for Rs 420 crore
Business StandardArchived
Max Estates Ltd has acquired 84.71 acre in West Delhi via a Rs 420 crore share-swap. It will take 100 percent of nine promoter land firms and allot about 70 lakh shares at Rs 597.50. The firm expects Rs 10,000-12,000 crore revenue from projects on the site. The deal is Max Estate
Temasek backs Singapore Airlines stake in Air India
The Indian ExpressArchived
Temasek, majority owner of Singapore Airlines, backed SIA's Air India stake as a long-term growth move. SIA holds 25.1 percent of Air India; Tata holds the rest. Air India has sought about $1.5 billion from Tata Sons and SIA. MP Kenneth Tiong opposed Temasek funds for the carrier
Naidu announces Rs 250 crore tribal health mission
The Hindu BusinessLineArchived
Andhra Pradesh Chief Minister N. Chandrababu Naidu said his government is expanding health cover statewide. At Gannelli, he cited Sanjeevani digitisation and drone shipment of blood samples from tribal areas. He said a Rs 250-crore Tribal Health Infrastructure Completion Mission
NCLT plan leaves Subhash Chandra creditors Rs 6.5 crore
LivemintArchived
NCLT approved a plan letting Subhash Chandra pay Rs 6.5 crore against claims of Rs 22,006.57 crore. That is three paise per Rs 100, a 99.97 percent haircut. Essel Group's chairman said he may borrow Rs 2-4 crore from family for start-ups. He said Rs 6.5 crore left would fund the
Indian steel demand rises 7.8 percent as long prices rebound
The Economic TimesArchived
Domestic steel demand grew 7.8 percent yoy in YTDFY27 after 7.7 percent growth in FY2026. Long steel prices recovered by 12 percent over the past month after a June-July correction. Spot primary rebar reached Rs 53,900 per ton and secondary rebar Rs 47,900 per ton. Exports rose 3
Kashmir apple orchards face pressure from construction
The Hindu BusinessLineArchived
Apple growers in Kashmir say orchard land is being cleared for storages, houses and commercial buildings as high-density plantations expand. Horticulture contributes about 7 percent to Jammu and Kashmir's GSDP. NITI Aayog data show land under non-agricultural uses rose by 1,000 h
India forex reserves hit record $729.33 billion in August
The Indian ExpressArchived
India's foreign exchange reserves rose to a record $729.33 billion as on August 21, the RBI said Friday. Reserves jumped $12.42 billion in the week, driven by $65.4 billion in FCNR(B) deposits since June under the RBI's concessional swap window. The previous record was $728.49 bi
CNG in Delhi rises Rs 3.89 per kg from Saturday
The Hindu BusinessLineArchived
CNG prices in Delhi and adjoining cities will rise Rs 3.89 per kg from Saturday, Indraprastha Gas Ltd said. IGL said imported LNG spot rates have surged since the West Asia conflict began. IGL called a Rs 3.89 per kg revision necessary to partially offset higher input gas costs.
Defence export SOP eased, OGEL now covers all countries
The Indian ExpressArchived
The Ministry of Defence simplified defence export rules on Friday, expanding OGEL coverage from 41 countries to all except sensitive or UN embargo nations. OGEL validity rose from two to three years. Stakeholder consultation was dropped for non-lethal exports to most destinations
SEBI proposes dropping merchant banker rule for small debt
The Hindu BusinessLineArchived
SEBI proposed exempting listed companies from appointing a merchant banker for small-value private placements of debt. Current rules require at least one merchant banker for private placements of debt or non-convertible redeemable preference shares with a face value of Rs 10,000.
Tata Sons weighs 18.4% stake swap with Shapoorji Pallonji
LivemintArchived
Tata Group is in talks with Shapoorji Pallonji Group, its biggest minority shareholder, on a share swap for SP's 18.4% stake in Tata Sons. Noel Tata's representatives are exploring giving SP shares of listed firms like Tata Power for the stake. Other options include a Tata Sons b
Wipro to equip 10,000 staff with Gemini AI tools
The Economic TimesArchived
Wipro has expanded its partnership with Google Cloud to scale enterprise adoption of Gemini Enterprise and agentic AI, the company said Thursday. Wipro will deploy Gemini Enterprise internally and equip more than 10,000 AI-certified specialists, including 1,500 Forward Deployed E
Trent winds down Utsa ethnicwear chain to 4 stores
LivemintArchived
Tata Group's Trent Ltd is winding down its Utsa ethnicwear chain, now down to four stores. The chain has fallen from a peak of over 20 stores about two years ago. The Jubilee Hills store in Hyderabad will close by September 15. Utsa had 22 stores in FY24 before falling to 20 in F
TVS Motor picks Peyman Kargar as next CEO
Business StandardArchived
TVS Motor on Friday named Peyman Kargar as its next chief executive officer, effective January 27, 2027, succeeding K N Radhakrishnan. Kargar currently heads international business, a unit that contributes 29% of TVS Motor's sales and is growing at 33%. Radhakrishnan will continu
BPCL exploring E10 option alongside mandatory E20 petrol
The Indian ExpressArchived
Bharat Petroleum is exploring offering E10 petrol alongside mandatory E20 fuel for older vehicles, chairman Sanjay Khanna said. Supply chain and logistics challenges around handling two petrol grades are still being worked out, he said. India achieved 20 percent ethanol blending
Yamaha stays cautious on EVs over battery cell imports
Business StandardArchived
Yamaha Motor India is moving cautiously on electric two-wheelers because battery cells remain heavily import-dependent, said executive officer Hajime Aota. He said two-wheeler battery needs are about one-tenth the capacity of passenger cars, making local cell manufacturing hard t
Deepinder Goyal's Temple acquires London longevity clinic
LivemintArchived
Health-tech startup Temple, founded by Deepinder Goyal, has acquired London-based longevity clinic Longevous, whose founders will join full-time, Goyal said. Financial terms were not disclosed. Dr Robert Mohr will become Temple's Chief Medical Officer, and Dr Avi Roy will lead it
FSSAI notices Delhi Andaz and JW Marriott over food safety
The Hindu BusinessLineArchived
FSSAI issued notices to Delhi Aerocity hotels Andaz and JW Marriott after inspections found hygiene and pest-control failures, including cockroaches near freezers. JW Marriott, run by Aria Hotels, was also flagged for retailing food under its brand without the required licence en
Avaada Electro files for Rs 7,600 crore solar IPO
The Hindu BusinessLineArchived
Avaada Electro filed an updated draft prospectus with SEBI for a 7,600 crore rupee initial public offering. It comprises a fresh issue of 1,600 crore rupees and a 6,000 crore offer for sale by Avaada Ventures. The Nagpur company runs 8.5 GW of module capacity and reported revenue
Prudential to sell Rs 3,190 crore ICICI Prudential AMC stake
LivemintArchived
Prudential Corporation Holdings will sell up to 9.89 million shares in ICICI Prudential Asset Management on August 27. The stake is worth about 3,190 crore rupees, the companies said Wednesday. The sale cuts promoter holding from 87.6 percent to 85.6 percent. That moves the fund
Adani Energy Wins Rs 4,700 Crore Maharashtra Project
LivemintArchived
Adani Energy Solutions won a Rs 4,700 crore transmission project in Maharashtra to evacuate 4,500 MW of renewable and pumped storage power from Karnataka and the Satara region. The project adds 562 circuit kilometres of lines and 9,000 MVA of capacity, taking the company's transm
Hindustan Copper OFS Opens For Retail Investors
The Economic TimesArchived
The government's offer for sale in Hindustan Copper opened for retail investors after the non-retail tranche was oversubscribed more than three times, triggering the greenshoe option. The floor price is Rs 514 a share, valuing the up to 6 percent stake sale at nearly Rs 2,982 cro
India Imports Sugar For First Time In Decade
BBCArchived
India will import 1 million tonnes of raw sugar for the first time in nearly a decade after prices jumped almost 40 percent in two months to a record high. Production is now estimated at 30.6 million tonnes, 11 percent below earlier forecasts, due to weak rainfall and crop diseas
Bharat Taxi Launches Fixed-Fare Rides In Pune
Business TodayArchived
Bharat Taxi, a cooperative-led, driver-owned cab service, began full operations in Pune and Pimpri-Chinchwad after completing trial runs. The platform charges fixed fares with no surge pricing, only a 10 percent rise during peak hours. About 35,000 drivers have joined under a zer
SoftBank Sells Rs 2,888 Crore Lenskart Stake, Returns At 5.7x
The Economic TimesArchived
SoftBank sold 4.5 crore Lenskart shares, about 2.6 percent of the eyewear retailer, for roughly Rs 2,888 crore in a Monday block deal at Rs 641.75 apiece. The sale cuts its stake to around 7.3 percent from 9.86 percent and lifts its return to 5.7 times. It follows a June sale of
Goyal Promises New Rules For Semiconductor, Auto Investors
Telegraph IndiaArchived
Commerce Minister Piyush Goyal said India will amend rules within two months to address concerns raised by semiconductor equipment and auto component manufacturers weighing Indian investment. At a Nikkei Asia event, he said the government has simplified the BIS framework and note
Speculation Grows On Chandrasekaran's Future After Tata Exit
Whispers in the CorridorsArchived
Speculation is growing that Natarajan Chandrasekaran, who said on August 12 he will not seek another term as Tata Sons Chairman when it ends in February 2027, could join the Union Cabinet. He led Tata Group for nine years and earlier headed TCS, giving him experience in technolog
India Says Sugar Stocks Enough Despite Record Price Rally
CNBCArchived
The Indian Sugar Mills Association said domestic stocks are sufficient for festival demand, even after prices jumped more than 40 percent in two months to a record high. President Niraj Shirgaokar attributed the rally to speculative buying, not shortages. India has allowed duty-f
Berry Street Merges With India's Healthify On GLP-1 Trend
TechCrunchArchived
US startup Berry Street has merged with Khosla Ventures-backed Healthify to expand GLP-1 coaching. Founders Noah Kotlove and Tushar Vashisht will serve as co-CEOs, with the entity operating as Berry Street in the US and Healthify elsewhere. Healthify has raised over 150 million d
TCS Signs Rs 14,000 Crore Five-Year Deal With Porsche
Business StandardArchived
TCS signed a five-year deal with Porsche worth 1.25 billion euros, nearly Rs 14,000 crore, and will acquire the automaker's IT subsidiary MHP for 320 million euros. The deal brings over 4,500 MHP employees and access to 300 clients into TCS. The companies will also set up an AI m
Age-Wise NPS Plan Targets Rs 50,000 Pension
NDTVArchived
Financial planners say the monthly investment needed for a Rs 50,000 pension after retirement through the National Pension System depends heavily on the investor's starting age. Assuming a 10 percent annual return, a 30-year-old may need to invest about Rs 10,000 to 12,000 monthl
Urban Company Sues Kent RO Over Ad Claims
The Economic TimesArchived
Urban Company filed a defamation and disparagement suit against Kent RO Systems in the Delhi High Court on August 11, alleging its advertisements falsely called Urban Company's Native water purifiers unsafe and risky. Kent RO told the court on August 12 it would remove the ads anUrban Company sues Kent RO over ad claims
The Economic TimesArchived
Urban Company filed a defamation and disparagement suit against Kent RO Systems in the Delhi High Court on August 11, alleging its advertisements falsely called Urban Company's Native water purifiers unsafe and risky. The dispute centres on Kent RO's claims that the purifiers' tw
India's alternative asset market to hit $2tn
The Economic TimesArchived
India's alternative investment market could grow more than five-fold from about 400 billion dollars today to over 2 trillion dollars by 2034, according to a report by EY and Julius Baer. Of the current total, 156 billion dollars sits in SEBI-registered Alternative Investment Fund
Sugar prices jump twenty rupees in one month
Indian ExpressArchived
On 21 August 2026, the all-India modal retail sugar price was Rs 65 a kg, up from Rs 45 on 21 July. Ex-factory rates in Maharashtra and Karnataka were about Rs 63 to 64 a kg on 20 August, against the mid-40s on 1 August. The department said the rise came before Dussehra and Diwal