Company News
BEML ramps up R&D spending by 150% to drive indigenous innovation
BEML is ramping up R&D to develop indigenous technologies across rail, defence and mobility, targeting 35-40 new products and stronger aerospace capabilities
 "BEML ramps up R&D spending by 150% to drive indigenous innovation")
Anti-qcom startup is betting on India's price-conscious millions
CityMall says serving 'the belly of India' will drive its next level of growth
 "Anti-qcom startup is betting on India's price-conscious millions")
India can emerge as a 'connector economy', says Anand Mahindra
Anand Mahindra says India is well placed to bridge geopolitical blocs, while Group CEO Anish Shah says artificial intelligence will power the conglomerate's next phase of growth
 "India can emerge as a 'connector economy', says Anand Mahindra")
Indian firms remain cautious on AI M&A: Rothschild & Co's Aalok Shah
Rothschild & Co advised on about $5 billion of India deals in 2025, as AI reshapes tech M&A and India becomes a key global investment banking hub
 "Indian firms remain cautious on AI M&A: Rothschild & Co's Aalok Shah")
Flipkart approves second employee stock sale after meeting board milestones
The Walmart-owned ecommerce company will allow eligible employees to cash out up to 5 per cent of vested stock options at Rs 713.4 apiece, with payouts scheduled for August
 "Flipkart approves second employee stock sale after meeting board milestones")
Ola Electric faces insolvency petitions from two suppliers over unpaid dues
The suppliers allege the EV maker's operating arm owes more than Rs 40 crore in unpaid dues and have asked the NCLT to initiate insolvency proceedings
 "Ola Electric faces insolvency petitions from two suppliers over unpaid dues")
Jubilant FoodWorks posts 14.1% Q1 revenue growth; adds 76 stores
Domino's India posted 2.5 per cent like-for-like sales growth during the quarter as Jubilant FoodWorks expanded its network to 3,712 stores
 "Jubilant FoodWorks posts 14.1% Q1 revenue growth; adds 76 stores")
PhonePe Insurance CEO exits as fintech merges insurance with payments biz
Vishal Gupta, part of PhonePe's founding team, has stepped down as the fintech integrates its insurance business with its consumer payments business
 "PhonePe Insurance CEO exits as fintech merges insurance with payments biz")
TVS Apache crosses 7 mn customers, marks milestone with new campaign film
TVS Motor Company marked the milestone with the launch of its 'Tu Race Laga' campaign, highlighting Apache's racing heritage and presence across 90 countries
 "TVS Apache crosses 7 mn customers, marks milestone with new campaign film")
Govt to sell 5% stake in Cochin Shipyard at ₹1,400 per share via OFS
The offer for sale (OFS) opens for non-retail investors on July 7, 2026. Retail investors can bid on July 8, 2026
 "Govt to sell 5% stake in Cochin Shipyard at ₹1,400 per share via OFS")
MobiKwik shareholders approve hiving off lending biz to wholly owned arm
The shareholders have also approved changes in the objects and terms of utilisation of the IPO proceeds, including an extension to the time limit for their use
 "MobiKwik shareholders approve hiving off lending biz to wholly owned arm")
Bank of Maharashtra reports 27% loan growth, 13% deposit growth
Domestic corporate loans expanded 21 per cent YoY to Rs 1.11 trillion
 "Bank of Maharashtra reports 27% loan growth, 13% deposit growth")
Nestle Business Services chooses Hyderabad for first India GCC operations
Nestle Business Services will establish its first Global Capability Centre in India in Hyderabad, partnering with Genpact to strengthen technology-enabled global business services
 "Nestle Business Services chooses Hyderabad for first India GCC operations")
Lockheed Martin to acquire Ultra Maritime in $3.45 billion deal
The acquisition of Advent-owned Ultra Maritime will bolster Lockheed Martin's capabilities in anti-submarine warfare and undersea defence technologies
 "Lockheed Martin to acquire Ultra Maritime in $3.45 billion deal")
Megha Engineering completes concrete pour for 700 MW PHWR at Kaiga plant
The milestone marks the completion of a major concrete pour for Kaiga Units 5 and 6, with the 700 MW PHWRs expected to achieve criticality around five years after construction began
 "Megha Engineering completes concrete pour for 700 MW PHWR at Kaiga plant")
Powergrid secures 80 billion yen green loan from JBIC for HVDC project
The funding from the Japan Bank for International Cooperation will support Powergrid's Khavda-Nagpur HVDC transmission project to evacuate renewable energy from Gujarat
 "Powergrid secures 80 billion yen green loan from JBIC for HVDC project")
Why quick commerce has become a battle no retailer can afford to lose
Quick commerce has moved beyond emergency groceries, forcing Amazon and other retailers to fight to become the first app consumers open whenever they need to buy something
 "Why quick commerce has become a battle no retailer can afford to lose")
TPG partners ICICI Bank, GIC to acquire Aseem Infra Finance from NIIF
TPG, backed by GIC and ICICI Bank, to acquire Aseem Infrastructure from NIIF, strengthening its push into India's climate and infrastructure financing
 "TPG partners ICICI Bank, GIC to acquire Aseem Infra Finance from NIIF")
Indian IT majors set for subdued Q1 as AI shift, weak demand weigh
Analysts expect weak constant-currency growth as AI-led pricing pressure, cautious client spending and geopolitical uncertainty weigh on demand despite currency gains
 "Indian IT majors set for subdued Q1 as AI shift, weak demand weigh")
Oberoi Realty records ₹8,109 crore bookings for its first NCR project
The Mumbai-based developer said its Gurugram luxury project, Three Sixty North, recorded bookings for about 2.31 million square feet of saleable area
 "Oberoi Realty records ₹8,109 crore bookings for its first NCR project")