Company News
Tata Power begins work on Rs 5,750-crore Andhra renewable project
TPREL's 800 MW project combines solar, wind and battery storage under Andhra Pradesh's clean energy policy, with completion expected to boost renewable capacity
 "Tata Power begins work on Rs 5,750-crore Andhra renewable project")
Tata Digital's financial services chief Gaurav Hazrati exits amid revamp
Hazrati's departure comes as Tata Digital sharpens its focus on financial services and loyalty, while new CEO Sajith Sivanandan continues to reshape the leadership team
 "Tata Digital's financial services chief Gaurav Hazrati exits amid revamp")
Piramal Pharma eyes mid-teens growth in FY27, prioritises organic expansion
Higher capacity utilisation, operating leverage and broad-based demand across CDMO, hospital generics and consumer healthcare are expected to support margins in FY27
 "Piramal Pharma eyes mid-teens growth in FY27, prioritises organic expansion")
Hyundai Motor India Q1 net profit falls 35% on exports hit, supplier fire
Automaker retains FY27 growth and margin guidance as it expects production to normalise after supplier disruption and export weakness caused by the West Asia conflict
 "Hyundai Motor India Q1 net profit falls 35% on exports hit, supplier fire")
As uncertainty becomes the new normal, M&M must enter attack mode: Mahindra
Mahindra Group chairman says prolonged global uncertainty offers prepared companies an edge, with India poised to emerge as a multi-aligned 'connector economy'
 "As uncertainty becomes the new normal, M&M must enter attack mode: Mahindra")
NTPC builds more renewable energy capacity than coal for first time
Energy giant shifts focus from thermal power to solar, wind
 "NTPC builds more renewable energy capacity than coal for first time")
Zepto pauses IPO, to raise Rs 1K cr in pre-IPO round at $4.5 bn valuation
The capital infusion is expected to be led primarily by domestic investors to raise Indian shareholding in the company, which currently stands at around 40 per cent
 "Zepto pauses IPO, to raise Rs 1K cr in pre-IPO round at $4.5 bn valuation")
Mahindra's EV arm turns unicorn with ₹322 crore funding, IPO on track
Rs 322-crore funding led by Lightrock values Mahindra Last Mile Mobility at Rs 10,822 crore as the company targets a second-half FY27 listing
 "Mahindra's EV arm turns unicorn with ₹322 crore funding, IPO on track")
NMDC scouts Argentina's copper belt as critical minerals push gathers pace
State-run miner explores partnerships across six Argentine provinces for copper, lithium and rare earths as it expands its overseas critical minerals strategy
 "NMDC scouts Argentina's copper belt as critical minerals push gathers pace")
Flipkart pushes deeper into consumer lending with Pay Later service
E-commerce giant launches checkout credit across its platforms with PayU Finance as the first lending partner, betting commerce data can broaden access to consumer credit.
 "Flipkart pushes deeper into consumer lending with Pay Later service")
Bajaj Finance's FINAI to unlock growth for next 8-10 years: Rajeev Jain
Lender plans to deploy over 300 AI use cases in FY27 and targets Rs 40 trillion in assets under management over the next decade
 "Bajaj Finance's FINAI to unlock growth for next 8-10 years: Rajeev Jain")
Olectra becomes first to deploy 4,000 electric buses on Indian roads
Electric bus maker says its fleet has covered over 730 million km, avoiding 6.5 lakh tonnes of carbon dioxide emissions while serving multiple states
 "Olectra becomes first to deploy 4,000 electric buses on Indian roads")
Imarticus acquires Singapore's BELLS to boost Southeast Asia presence
Ed-tech firm plans to make Singapore its regional learning hub as it prepares for a Rs 1,000 crore IPO and targets higher international revenue
 "Imarticus acquires Singapore's BELLS to boost Southeast Asia presence")
ArcelorMittal Q2 net income falls 62% to $683 million despite higher sales
The global steelmaker reported a sharp year-on-year decline in June-quarter earnings, while revenue and steel shipments rose on stronger prices and demand
 "ArcelorMittal Q2 net income falls 62% to $683 million despite higher sales")
Deepak Fertilisers & Petrochemicals Q1 result: Profit doubles to ₹490 cr
The fertiliser and industrial chemicals maker reported a sharp rise in first-quarter profit as total income increases on the back of stronger business performance
 "Deepak Fertilisers & Petrochemicals Q1 result: Profit doubles to ₹490 cr")
HFCL bags fresh order for optical fibre cable exports worth ₹441 crore
The telecom equipment maker secures a $46.13 million export contract through its overseas subsidiary, with execution scheduled by January 2027
 "HFCL bags fresh order for optical fibre cable exports worth ₹441 crore")
ChrysCapital acquires Novartis India, appoints Vikas Gupta as CEO
The private equity firm has taken control of the BSE-listed drugmaker, appointed Vikas Gupta as CEO and plans to build a branded generics platform in India
 "ChrysCapital acquires Novartis India, appoints Vikas Gupta as CEO")
Sun Pharma to launch semaglutide in Brazil with Hypera Pharma soon
Sun Pharma will launch the once-weekly diabetes treatment through Hypera Pharma as generic competition intensifies in Brazil's $413 million semaglutide market
 "Sun Pharma to launch semaglutide in Brazil with Hypera Pharma soon")
L&T secures LNTP for mega order from NTPC to set up 2 800 MW thermal plants
L&T said it will execute the design, engineering, supply, erection and commissioning of the plant and associated civil, mechanical and electrical works.
 "L&T secures LNTP for mega order from NTPC to set up 2 800 MW thermal plants")
L&T bags major EPC order from Kuwait Oil Company for export facilities
Contract covers crude oil storage tanks, pipelines and upgrades to Kuwait's export network under the Jurassic Light Oil infrastructure project
 "L&T bags major EPC order from Kuwait Oil Company for export facilities")