Corporate announcements, quarterly results, leadership changes, and major company updates.
TCS has launched out a Digital User Experience surveillance application on company given laptops used by close to 6 lakh employees sparking concerns about employee privacy, data collecting and workplace surveillance. The system can measure app usage and time spent on apps.
Hindustan Power has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district of UP with IREDA sanctioning INR 1,135 crore in loan financing. The project has signed a long-term PPA with UPPCL and is projected to contribute to the renewable energy capacity of UP.
Urban Company has grown its footprint in the Middle East by extending its e-commerce relationship with Unicommerce to the UAE and Saudi Arabia. “Urban Company will use Unicommerce’s Uniware platform to manage inventory, fulfilment and replenishment of service kits and consumables in real-time.
Escorts to set up new manufacturing plant in Uttar Pradesh’s YEIDA industrial region with investment of over INR 2,000 crore The 154-acre complex will manufacture tractors, agricultural equipment, construction gear and engines for domestic and global markets.
📚 Learning
Learn how to sell coupons online, choose the right platform, source valid deals, attract customers, and build a profitable coupon-selling business with low investment.
Inox Clean Energy completes INR 6,000-crore acquisition of Vena Energy India, a renewable energy platform supported by GIP and BlackRock. Inox Clean’s portfolio will include 2.7 GW of solar and wind projects and 1.3 GWh of battery energy storage capacity with the deal.
Google intends to move production of its Pixel smartphone, smartwatch and wireless earbuds away from China to Vietnam and India by 2027. The move is part of Google’s drive to diversify its supply chain and lessen reliance on Chinese manufacturing amid US-China trade concerns.
Colgate-Palmolive India has handed over Palmolive’s D2C and e-commerce business to Bombay Shaving Company in a bid to speed up the digital expansion of the personal care brand. The agreement leverages Colgate's strengths in product, supply chain and marketing, with BSC's digital-first know-how.
ByteDance has struck an AI copyright agreement with the MPA in Hollywood to boost intellectual property safeguards for its Seedance video and Seedream image-generation models. The agreement comes after a cease-and-desist letter in Feb & complaints from Disney and other studios.
Ola Electric has unveiled a complete energy storage portfolio for home, commercial and utility scale applications. Beside electric vehicles, the business is working on new battery energy storage devices, Ola Shakti 2, Shakti Rack and Mahashakti, to broaden the company’s energy offerings.
Amber Enterprises will start commercial smartphone manufacture in India for Oppo, OnePlus and Realme from Q1 FY28 after trial production in Q4 FY27. Amber has partnered with Oppo Mobiles India and plans to manufacture roughly 8 million smartphones in the first year.
IBM and Open AI have established a strategic alliance to accelerate enterprise AI deployment across sectors like finance, retail, government and telecoms. IBM will create an OpenAI practice inside IBM Consulting and train thousands of consultants on OpenAI tools OpenAI models and products.
Vertex Group has said it will hire 2,000 employes in Bengaluru and Delhi-NCR in August 2026, which will be one of its biggest ever monthly hiring campaigns. The hiring push coincides with Vertex Group’s 10th anniversary and is part of its expansion strategy.
L&T’s data center division Vyoma.AI secures Rs 10,000-15,000 crore order from Together AI to establish India's largest Nvidia B300 AI facility in Chennai It will be used for large-scale AI training, fine-tuning and inference with space for up to 10,000 Nvidia B300 GPUs.
Bank of America would spend up to INR 18,268 crore ($1.9 billion) to buy a share of up to 49.9% in NBFC Jio Credit, a wholly owned subsidiary of Jio Financial Services. The investment would initially provide Bank of America with a 26.5% ownership.
Larsen & Toubro (L&T) aims to manufacture rare earth magnets in India as the government looks to minimise dependence on China, the world’s largest producer. L&T is likely to seek a INR 72.8 billion incentive package and perhaps join hands with a technology specialist.
The Delhi High Court has stayed an order of the FSSAI directing Dabur India to stop selling food products with “100%” claims, including “100% Pure” and “100% Natural.” The court observed that a ban order was issued against Dabur without giving it an opportunity to be heard.
The US has placed a 15% tariff and minimum import prices on polysilicon in a move aimed at China’s domination of key solar and semiconductor supply chains. The move by President Donald Trump is aimed at boosting domestic manufacturing, energy security and advanced computing infrastructure.
A US court has fined Meta $567m for allegedly harming the mental health of minors on its platforms and hiding known hazards to safety. Meta was determined by a jury to have wilfully contributed to the psychological injury of kids, leading to the New Mexico decision.
Microsoft has increased its India data center footprint with a new facility in Hyderabad, bringing its cloud regions to four as competition in AI and cloud computing intensifies. The corporation is eyeing India’s enormous digital market.
Microsoft is pushing developers to utilise the default GPT-5.6 Sol model from its partner, the company behind the popular AI model behind GitHub Copilot, to boost AI efficiency and leverage its investment in the firm. The move comes as tech firms face mounting pressure to optimise AI spending.
The Supreme Court has asked JioStar India Pvt Ltd to approach the Delhi High Court in its challenge to the Telecom Regulatory Authority of India (TRAI) rate framework for TV channels. JioStar challenges TRAI’s tariff regulations, price restrictions.
Thousands of WhatsApp users in India and numerous other countries complained that their accounts were unexpectedly "under review", momentarily blocking crucial chat functionality. Meta says it frequently evaluates and removes accounts to avoid abuse.
Google is said to have decreased the value of its long-standing outsourcing contract with HCLTech by $50 million a year as it increases automation driven by AI and consolidates contractors. The move would have minor financial impact on HCLTech.
Tata Trusts Chairman Noel Tata has promised a fresh focus on healthcare and education with plans to set up 40-50 non-profit hospitals and 17 cancer care facilities in conjunction with the Assam government. The Trusts will also partner with IIM Bangalore on an undergraduate curriculum.
Haldiram’s has temporarily closed its freshly opened location in Leicester Square, London, just weeks after its viral UK debut, due to scheduled UK Power Networks (UKPN) electrical and gas improvement works. The restaurant has drawn enormous crowd.
The CBI has registered a FIR against Anil Ambani, Reliance Capital Limited and others after the EPFO complained of loss of INR 1,816.22 crore due to default on secured non-convertible debentures (NCDs). The probe relates to the charges of criminal conspiracy, cheating and more.
This comes just five months after the 50,000 orders milestone, and is a significant achievement for InstaHelp that crossed the 100,000 daily orders milestone. This quick development underlines the growing need for on-demand cleaning service.
Amazon is facing a potential class action lawsuit in the US over charges it greenwashes seafood items sold under the likes of Bumble Bee, StarKist, Chicken of the Sea and 365 by Whole Foods Market. Amazon misled consumers with terms like “sustainable,” “responsibly sourced” and more
Bajaj Finserv has got the board approval to enter into the reinsurance industry through a wholly owned subsidiary, subject to the IRDAI and other regulatory approvals. The deal boosts its insurance books and puts the company in India's growing reinsurance sector.
The Delhi High Court has summoned Blinkit after Zed Entertainment Enterprises Ltd accused it of copyright violation for its promotional video on Instagram. The broadcaster has claimed that Blinkit has utilised its copyrighted material without permission for commercial purposes.
Mahindra & Mahindra has approved the sale of its Truck and Bus Division (MTBD) to listed subsidiary SML Mahindra for INR 525 crore as part of a strategic corporate reorganisation. The deal, expected to completion by Jan. 31, 2027.
The US has prohibited the import of new Chinese-made humanoid robots, robot dogs and power inverters over cybersecurity and national security concerns. The FCC put the goods on its list of prohibited equipment, citing dangers to critical infrastructure, data centers and energy systems.
Restaurant operators in Bengaluru have planned a boycott of Swiggy from August 15, citing that hefty commissions, sharp discounts and unfair deductions are affecting their companies. The associations have asked open pricing, fair contracts, dedicated relationship managers and more.
French labour authority DRIEETS Ile-de-France has penalised Infosys to the tune of €175,000 (approximately INR 2 crore) for non-compliance with French labour rules concerning the maintenance of employee working time records.
Tata Power to start construction of 10 GW solar wafer & ingot manufacturing factory in Odisha in October, eyes commercial ops by January 2028 The project also adds to India’s semiconductor and clean energy ecosystem with the help of governmental incentives.
Health-tech startup Temple, founded by Deepinder Goyal, is looking to raise fresh funding at a $500 million valuation as it gears ready to launch its first AI-powered wearable at a price of 80,000. The forehead-mounted device records advanced physiological data with a patented “entropy”.
Johnson & Johnson has agreed to a $5.5 billion settlement that will address over 76,000 cases claiming that its talc-based products caused ovarian cancer, a major step toward concluding a decade-long court struggle. The deal covers most outstanding claims, with payments starting in 2027.
NVIDIA to spend $1 billion in NAVER to grow South Korea’s AI infrastructure and boost the capacity of the GAK Sejong AI data centre to 200 MW by 2028. The collaboration will leverage NVIDIA’s high-end Blackwell and Vera Rubin GPU platforms.
HCLTech has signed an MoU with Odisha Government and Sarvam for setting up of Global Technology Center and AI Data Center at Odisha Sovereign AI Park in Bhubaneswar. The initiative is projected to produce 5,000 jobs and bolster India’s sovereign AI ecosystem and is likely to be operational by 2028.
The European Union has fined Google €890 million ($1 billion) under the Digital Markets Act (DMA) for allegedly giving preferential treatment to its own services in search results and restricting app developers on the Google Play Store.
Temasek is looking at investing in the Indian Premier League (IPL), a sign of growing global interest in one of the world's most lucrative sporting leagues. Singapore's sovereign wealth fund is joining private equity firms and wealthy investors in chasing Indian Premier League clubs.
JPMorgan Chase is looking to hire 1,000 IT specialists for its India worldwide Capability Centre (GCC) in areas like AI, cloud architecture, cybersecurity and data engineering, even as it cuts jobs in some worldwide operations driven by AI.
AMD is set to invest up to $5 billion in Anthropic, part of a strategic partnership in AI infrastructure. Anthropic will install 2 GW of AMD Instinct MI450 GPUs in AMD Helios rack-scale systems to increase compute capacity for their Claude AI models.
Paras Defence to set up a greenfield OSAT (Outsourced Semiconductor Assembly and Test) facility in Indore-Ujjain corridor of Madhya Pradesh with an investment of INR 6,200 crore through its subsidiary Paras Semiconductors.
Singaporean investment firm Temasek aims to boost its investments in India, choosing AI, healthcare, financial services and consumer firms as its key long-term growth areas.
IKEA India is strengthening its footprint in Delhi-NCR with a new 30,000 sq. ft. city shop at Saket set to open on July 30, as it aims to have 30 stores in India by 2030. The expansion strengthens IKEA’s retail strategy in one of its fast growing markets
Meesho has refuted InGovern’s GST allegations saying the proxy advisory firm’s representation is not a finding of SEBI or tax authorities. The e-commerce company has not received any communication from the authority.
Anant Raj Ltd. has approved demerger of the Data Centre and Cloud Services business of the company into Ashok Cloud Pvt. Ltd. to create a new digital infrastructure company and continue its real estate and infrastructure business.
Wipro Consumer Care & Lighting has purchased Philippines-based S Brands Consumer Care Inc., expanding its presence in Southeast Asia and adding brands such as KERATINplus, AlcoPlus, DeoPlus, Empress and Fiona Cologne to its personal care portfolio.
TAFE Motors and Tractors Ltd. (TMTL) today launched the first manufacturing collaboration between TAFE and Germany's DEUTZ AG with the inauguration of a fresh DEUTZ engine production facility at Alwar, Rajasthan.
Accenture has rolled out a new 50:50 compensation structure where 50% of an employee’s authorised salary increase will be added to base pay and the other 50% will be paid as a one-time cash incentive in June.
Trent has also announced plans to expand its retail business strategy in India by opening 100 new stores annually as part of its Westside expansion. The Tata Group store wants to grow into the Northeast and strengthen its presence in key cities.
Uber to buy Delivery Hero in €13.8 billion agreement to dramatically expand worldwide mobility and food delivery company. The acquisition will extend Uber’s footprint in 99 markets, boost its Uber Eats platform
Trump Media & Technology Group has created a paid data feed to provide licensed API access to Truth Social posts, including Trump updates, to Wall Street businesses and institutional clients.
OnePlus is apparently going to leave the US, Europe and India as parent firm Oppo is restructuring its worldwide smartphone business amid declining sales and mounting market challenges. The reports say the brand would cease operations in major international markets.
Amazon has chosen Telangana as the site for its largest data centre investment in India, with a pledge of Rs 60,000 crore to develop a hyperscale data centre in Hyderabad’s Bharat Future City. The project forms part of Amazon Web Services’ greater growth in India.
Big publishers like Hachette, Cengage, Elsevier and author Scott Turow have filed a fresh copyright case against Google, accusing the company of using millions of copyrighted books without authorisation to train its Gemini AI models.
Stripe and Advent International have teamed up to bid more than $53 billion for PayPal, offering $60.50 a share and securing almost $50 billion in committed bank financing to back the bid. The offer comes as PayPal faces slowing growth and rising competition in digital payments.
Aditya Birla Renewables Ltd, a subsidiary of Grasim Industries, has agreed to acquire Shell’s Sprng Energy for $1.8 billion (INR 17,200 crore) in one of the biggest renewable energy acquisitions in India. The deal will bring ABRen’s portfolio to around 5 GWp.
Pune Gas has called on the Centre to develop India’s first LPG Efficiency Policy Framework as energy costs surge and supply chains are disrupted due to the Iran conflict. To boost fuel economy and safety, the business has advised the promotion of 47.5-kg LOT cylinders.
TCS has renewed its two-decade cooperation with ABB with a multi-million, multi-year deal to modernise the company’s worldwide network operations with AI. TCS to provide network-as-a-service capability at the end-to-end level in support of ABB’s Future Network Model plan.
TCS restructures executive team; launches five new business groups to drive AI-led development and deepen client engagement The restructuring will be concentrated on important industries including BFSI, tourism, cybersecurity, energy, ServiceNow and the US West Coast market.
Anthropic is offering free access to their sophisticated AI model, Claude Fable 5, to qualified customers of its premium AI versions Claude Pro, Max, Team, and Enterprise until July 19. The extension also raises developers’ weekly limits for Claude Code by 50%.
Apple has sued OpenAI in federal court in California, claiming the AI company exploited trade secrets to manufacture hardware for its popular chatbot, the New York Times reported. The complaint claims that former Apple executives Tang Tan and Chang Liu took proprietary hardware information.
Cognisant is scaling its frontier engineering team from 5,000 to 10,000 people to speed enterprise AI adoption and respond to growing client demand. The company will deploy AI-ready engineers, hire global frontier-native talent and enhance industry-specific AI implementation capabilities.
EY India launches an AI-powered CPM tool to enable enterprises monitor, assess and manage cyber risk on a real-time basis. The platform leverages AI, cybersecurity and financial risk quantification to deliver a single pane of view, faster threat response and better decision making.
The Delhi HC Division Bench has been asked by Google to review a single-judge order that limited trademark keyword bidding in Google Ads. The lawsuit stemmed from a verdict in favour of Hindware, which ruled that competitors bidding on the “Hindware” brand was an infringement of the Trade Marks Act.
A US federal court has authorised a settlement reached between Elon Musk and the US Securities and Exchange Commission (SEC) for his failure to disclose his Twitter stock purchases in a timely manner, even as the judge expressed “red flags” about the deal.
Meta has added a new privacy feature to its Ray-Ban AI smart glasses that will instantly turn off the camera if the gadget senses interference with the LED privacy indicator. The upgrade is designed to prevent anyone from taking photos and videos secretly.
Apple has pledged $30 billion to Broadcom in a multi-year deal to expand U.S. semiconductor manufacturing, its greatest investment in chipmaking in the country so far. The partnership includes the production of more than 15 billion custom chips in the U.S.
OpenAI is preparing for the general launch of its GPT-5.6 Sol, Terra, and Luna models, opening up access to developers and businesses following a limited initial rollout. The company also announced its new voice models, GPT-Live, which enable more natural interactions in real-time.
Ford Motor has launched its third India Technology and Business Services Centre in Coimbatore, boosting its global capability centre (GCC) network. The new site will include technology, data analytics, finance, credit, treasury and business continuity functions.
Google Cloud intends to expand its AI data centre network in India as enterprise demand for artificial intelligence and cloud services continues to grow, CEO Thomas Kurian said. The firm is looking to bolster its AI infrastructure across the country
Meta Superintelligence Labs has unveiled the release of Meta’s new AI-powered image generating and editing model Muse Image. The tool is embedded in Meta AI and lets users create, modify and transform photos using natural language prompts, complex markup features and real-time online context.
Meta has called for increased kid safety safeguards following a government notification about Instagram ads that purportedly included child sexual abuse material (CSAM). The business said it has deleted offensive adverts, suspended thousands of accounts and upgraded AI-powered detection systems.
MakeMyTrip has introduced OneCircle, a loyalty system with 13,376 hotels, homestays and alternative lodgings in 1,002 places in India and beyond. Travellers can earn reward points worth at least 10% of their accommodation spend for future bookings.
A complaint in the US seeks to fine Meta $1.4 trillion, arguing that Facebook and Instagram were designed to keep young users addicted, while misleading the public about the safety of the platforms. Four states are seeking damages before an August trial.
To capitalise on the increasing demand for high-end food products and enhance order values and margins, Blinkit has introduced its premium grocery offering, ‘Gourmet’ in select pincodes of Bengaluru, Delhi-NCR and Mumbai. The portal offers selected premium products.
Ashok Leyland has teamed with Rosmerta Recycling to enhance the commercial vehicle scrappage ecosystem in India by providing clients access to authorised vehicle scrapping facilities through its nationwide dealer network. The agreement will enable the disposal of end-of-life vehicles.
The use of artificial intelligence technologies by Tesla employees is now limited to $200 per week (about INR 19,000), with management consent needed for any expenditure beyond this. This is a change from the company's previous strategy of encouraging broad use of AI.
India’s Standard Chartered has cut its branch network to 80 from 100 as it shifts focus to advisory-led and wealth management services. The British institution intends to develop its priority banking hubs and enhance its affluent, SME and wealth businesses.
Nagpur Police have booked Rapido founders Rishikesh S R, Pavan Guntupalli and Aravind Sanka for allegedly running petrol-powered bike taxi services without official nod in Maharashtra. The case was registered after a crackdown by the RTO for violations of the Motor Vehicles Act.
Microsoft has announced the formation of Microsoft Frontier Company, a new operational entity supported by a $2.5 billion investment that will assist companies adopt AI solutions suited to their needs. The company will collaborate with big clients including Unilever and Novo Nordisk.
HCLTech has won a $1.14 billion AI-led transformation agreement from a Fortune Global 50 company headquartered in Europe, one of the largest transactions disclosed by an Indian IT services company so far this year.
ITC has launched a premium sugar-free drink under its B Natural brand in India’s cola segment, adding to the competition in the carbonated drinks segment. As consumers look for healthier choices, the company is focusing on the fast-growing segment of drinks with no or minimal sugar.
Google lost its last-ditch appeal against the European Union’s €4.1 billion ($4.7 billion) antitrust penalties, with the European Court of Justice confirming the penalty for anti-competitive actions relating to Android.
Standard Chartered has completed India’s first cross-border payment in a record time of 37 seconds through Swift’s new retail payments service, marking a significant milestone in international remittances. The transaction was completed in near real-time with end-to-end tracking.
ZEE has approved a capital infusion of Rs 3,143.52 crore through preferential sale of fully convertible warrants to promoter group firm Sunbright Mauritius Investments Ltd. The warrants are priced at INR 126 apiece and are convertible into equity shares within 18 months.
The Adani Group and Abu Dhabi’s International Holding Company (IHC) will spend $11.5bn in a new integrated aluminium manufacturing complex in Odisha, which may boost India’s aluminium production capacity by about 50%. The project will involve refining and smelting activities.
Tata Electronics has been hit by a massive data leak that’s revealed crucial information regarding Apple’s future iPhone 18 Pro, including a list of suppliers, component specs and photos of the product. The data allegedly include private documents connecting suppliers to major iPhone parts.
🏆 Lists & Rankings
Explore the top clothing franchises in India in 2026, including investment costs, ROI, and profitability. Discover leading apparel brands like Biba, Raymond, Peter England, Snitch, Zudio, and Van Heusen, and find the best fashion franchise opportunities for every budget.
📰 News
Domino’s is one of the most successful pizza brands in India with 1,900+ stores across the country. From franchise cost and profit margins to investment requirements and application steps, this guide covers everything you need to know before opening a Domino’s franchise in India.
India’s largest public sector lender, State Bank of India (SBI), has reported a steady rise in profits for both the full financial year FY26 and the March quarter, reflecting stable loan growth and improving asset quality. However, the bank’s shares saw a sharp decline following the announcement, signalling
Porsche India, a division of Škoda Auto Volkswagen India Private Limited (SAVWIPL), has appointed Ashutosh Dixit as Brand Director, Porsche India, with immediate effect. Throughout a distinguished career across India, China, and Europe, Ashutosh Dixit has held several leadership roles, building deep expertise in strategy, sales operations, and brand development.
Biocon founder and chairperson Kiran Mazumdar Shaw has reportedly chosen her niece, Claire Mazumdar, as her successor to lead India's largest biotechnology company. The succession announcement marks a significant development for the Bengaluru-based pharmaceutical giant, which has been at the forefront of India's biotech revolution for
Kirloskar Pneumatic reported ₹1,786 crore income in FY26 with PBT rising 25% to ₹356 crore. The company announced a record 600% dividend and strong order inflows exceeding ₹2,000 crore.
JioHotstar posted ₹31,048 crore revenue and ₹3,228 crore PBT in FY26, driven by IPL 2026 viewership, 500 million MAUs, and record streaming concurrency, highlighting the rapid rise of digital sports and entertainment in India.
Aspire Impact secures investment from Parinama Group, names Saloni Malhotra as CEO, and brings Dr Ram Sharma on board. The ESG measurement firm hits ₹36 crore valuation with strong growth and global expansion plans.
Infosysthe $20 reported a mixed but resilient performance for FY26, crossing a major revenue milestone and delivering strong profit growth. However, a cautious outlook for FY27 overshadowed the results, triggering a decline in its share price as investors focused on future growth concerns rather than past performance. Infosys Q4 FY26