HCLTech has secured a $1.14 billion deal from a European company, marking a significant win for India’s third-largest IT services firm at a time when the industry is navigating subdued client spending and weak discretionary demand. The client, identified as a Fortune Global 50 company, has not been named. Under the contract, HCLTech will help…
Pune-based automaker Bajaj Auto has posted a stellar performance for June 2026, delivering a robust 28 percent year-on-year increase in total sales. The company sold 463,202 units compared to 360,806 vehicles in the same month last year. While domestic markets showed a steady 11 percent volume growth to reach 209,837 units, the primary engine of…
Tata Motors has strengthened its leadership in India’s rapidly expanding electric passenger vehicle (ePV) market, even as competition intensifies with multiple new entrants and model launches. According to Vahan registration data for the first quarter of FY27, Tata.ev increased its market share to 39 per cent, up from 36.1 per cent a year earlier, reinforcing…
SBICAP Securities, a full-service brokerage and group company of the State Bank of India, has announced the appointment of Baldev Prakash as its Managing Director and Chief Executive Officer, effective June 29. The appointment was confirmed by the company on Tuesday. Prakash joins SBICAP Securities on deputation from the State Bank of India, where he…
TVS Motor Company has expressed “measured optimism” about its outlook for the road ahead, describing the business environment as unpredictable, complex, and exciting. Speaking in the company’s annual report for 2025–26, Chairman and Managing Director Sudarshan Venu highlighted that the company expects performance to remain broadly in line with market expectations in India, barring disruptions…
The World Bank’s Board of Executive Directors has approved $450 million in financing to support Bangladesh in strengthening its banking sector, a key step aimed at reviving economic growth and promoting job creation in the country. The funding, provided under the Financial Sector Support Project II, is designed to reinforce the deposit protection system, ensuring…
The government is accelerating its plan to sell minority stakes in state-owned companies in the current financial year as it seeks to mobilise ₹80,000 crore through equity disinvestment and public asset monetisation, according to officials familiar with the development. As part of the broader fiscal strategy, the Centre is also aiming to bring down its…
Adani Group Chairman Gautam Adani has announced an ambitious expansion strategy for the conglomerate’s energy business, with Adani Power set to invest more than ₹2 trillion over the next five years. The company aims to increase its power generation capacity to 45 gigawatts (GW), reinforcing its position as one of India’s leading energy producers. Addressing…
Bharti Airtel has increased its stake in Airtel Africa to approximately 79%, following a major share-swap transaction valued at around ₹28,200 crore. The company disclosed the development in a regulatory filing on Tuesday, confirming that it acquired an additional 16.31% stake from Indian Continent Investment Limited (ICIL), a promoter group entity. With this transaction, Bharti…
IT services major Tech Mahindra has signed a 10-year lease for nearly 4 lakh square feet of office space in Hyderabad’s Kondapur area, marking a significant expansion of its commercial footprint in one of India’s key IT and Global Capability Centre (GCC) hubs. According to property registration documents reviewed by CRE Matrix, the company has…
