Company News
IEX trade volume rises 18.6%, Day-Ahead Market price up 18.3% in May
Rising electricity demand and record peak power consumption boosted trading volumes on the Indian Energy Exchange and pushed spot market prices higher
 "IEX trade volume rises 18.6%, Day-Ahead Market price up 18.3% in May")
Vanguard marks down Ola Consumer valuation to about $70 million
The asset manager's latest valuation implies a nearly 99 per cent decline from the level at which it first invested in the ride-hailing company in 2015
 "Vanguard marks down Ola Consumer valuation to about $70 million")
IT major Wipro CEO Pallia's salary down 15.7% to $5.29 million
The decline in Srini Pallia's compensation was primarily due to lower variable pay, as IT firms continue to navigate a challenging demand environment
 "IT major Wipro CEO Pallia's salary down 15.7% to $5.29 million")
TVS starts production of Norton Atlas in Hosur; launch likely in two months
TVS Motor has commenced production of the Norton Atlas at its Hosur facility as part of the British brand's revival strategy, with an India launch expected soon
 "TVS starts production of Norton Atlas in Hosur; launch likely in two months")
Hero could roll out flex-fuel variants across all bikes in 2 years: CEO
Hero MotoCorp plans to introduce flex-fuel variants across its motorcycle portfolio within two years, subject to fuel availability and pricing
 "Hero could roll out flex-fuel variants across all bikes in 2 years: CEO")
NMDC plans up to ₹50K crore investment amid diversification push
Overseas acquisitions, rare earths and branded iron ore part of core strategy
 "NMDC plans up to ₹50K crore investment amid diversification push")
iBus eyes Southeast Asia expansion, new digital infra opportunities
The digital infrastructure provider is targeting growth from hospitality, foreign university campuses, premium housing projects and edge data centres in India and overseas
 "iBus eyes Southeast Asia expansion, new digital infra opportunities")
Flipkart bets on payments, biometrics and loyalty ahead of IPO push plans
The Walmart-owned e-commerce giant is expanding into biometrics, credit and loyalty programmes to boost growth, improve margins and strengthen customer engagement
 "Flipkart bets on payments, biometrics and loyalty ahead of IPO push plans")
Oyo's parent Prism gets Sebi nod for ₹6,650-crore public listing: Report
Prism had submitted its draft IPO papers to Sebi through the confidential filing route in late December 2025
 "Oyo's parent Prism gets Sebi nod for ₹6,650-crore public listing: Report")
Fairwood Nuclear, SK Securities sign pact to advance small reactor projects
The agreement was signed between India's Fairwood Nuclear Pvt Ltd and South Korea's SK Securities Co Ltd
 "Fairwood Nuclear, SK Securities sign pact to advance small reactor projects")
How Hindware-Google verdict could rewrite digital strategy for India Inc
Experts sat the Delhi High Court's Hindware ruling could reshape customer acquisition, platform dependence, brand protection and digital growth strategies across India Inc
 "How Hindware-Google verdict could rewrite digital strategy for India Inc")
Tata board meets next week, may skip talks on Chandra's term, listing
Upcoming Tata Trusts and Tata Sons board meetings are expected to focus on routine matters, with no immediate decision likely on Chandra's tenure or listing plans
 "Tata board meets next week, may skip talks on Chandra's term, listing")
Ramky Infra eyes ₹6,000 crore orders in FY27, explores carbon capture
The infrastructure company expects growth from wastewater treatment, industrial parks and circular economy projects while evaluating opportunities in carbon capture
 "Ramky Infra eyes ₹6,000 crore orders in FY27, explores carbon capture")
Alkem launches semaglutide pre-filled syringes in India at ₹350
The company has received DCGI approval for multiple dosage strengths and aims to widen access to semaglutide treatment for diabetes and obesity
 "Alkem launches semaglutide pre-filled syringes in India at ₹350")
Ceat bets on CAMSO to drive next phase of off-highway tyre growth
The tyre maker expects tracks and developed markets such as North America and Europe to power growth as access to additional CAMSO categories expands
 "Ceat bets on CAMSO to drive next phase of off-highway tyre growth")
Welspun One eyes leasing 10 mn sq ft in 3 years, expand footprint
The deals include a 5.9 lakh sq ft single-box facility for Amazon India, a 20-metre-high warehouse for AAJ Supply Chain, the company said
 "Welspun One eyes leasing 10 mn sq ft in 3 years, expand footprint")
V Packirisamy appointed PFC Director (Commercial), effective June 2
Packirisamy brings over three decades of extensive experience in the power sector and infrastructure finance
 "V Packirisamy appointed PFC Director (Commercial), effective June 2")
India's long-term growth remains intact despite near-term hurdles: HUL
HUL Chairman Nitin Paranjpe says strong domestic demand, structural reforms and digital transformation continue to underpin India's long-term growth prospects
 "India's long-term growth remains intact despite near-term hurdles: HUL")
Godrej Industries enters wealth management, targets ₹1 trillion AUM by 2031
The group plans to build a 35-location wealth management network, target affluent clients and list Godrej Capital by 2031 while expanding its lending business
 "Godrej Industries enters wealth management, targets ₹1 trillion AUM by 2031")
Uber, Paytm invest ₹60 crore each in government-backed ONDC platform
The investments deepen the companies' engagement with ONDC, following integration of mobility, logistics and ticketing services on the digital commerce network
 "Uber, Paytm invest ₹60 crore each in government-backed ONDC platform")