The Indian government is gearing up for a major disinvestment push. Next month, New Delhi is expected to begin formal marketing for a planned share sale in the state-run Life Insurance Corporation of India (LIC), aiming to raise up to ₹10,000 crore, or approximately $1 billion. According to sources familiar with the matter, the government…
In a historic milestone for the Indian automotive industry, TVS Motor Company has clinched the top global spot in the ‘Durable Consumer Goods’ category in the prestigious ‘Best Stocks in the World’ rankings. Published by Germany’s premier business weekly, WirtschaftsWoche, and based on the Boston Consulting Group (BCG) Value Creators analysis, the independent study evaluated…
Hindalco Industries is charting a resilient path forward for fiscal year 2027, driven by a projected recovery in its U.S. unit, Novelis, and robust domestic demand for aluminum and copper. Managing Director Satish Pai confirmed that “the worst is over” for Novelis, which is targeting earnings of approximately $500 per tonne in FY27. This follows…
India’s largest online travel platform MakeMyTrip reported its strongest-ever annual performance in the financial year 2026, with gross bookings surging 10.4% year-on-year to cross the $10 billion milestone for the first time.The Nasdaq-listed company said it logged $10.4 billion in gross bookings between April 2025 and March 2026, marking a record high in the company’s…
Alembic Pharmaceuticals Limited has secured a major regulatory victory, receiving final approval from the US Food and Drug Administration (USFDA) for its generic levothyroxine sodium tablets. The approval clears the way for the company to market its drug across a comprehensive range of twelve different strengths, stretching from 25 mcg up to 300 mcg. According…
A sharp 28 to 30 percent spike in global shipping costs has emerged as the biggest hurdle for Indian steelmakers. Triggered by escalating tensions in West Asia and the prolonged Russia-Ukraine conflict, these geopolitical disruptions are heavily inflating logistics expenses. The primary impact is being felt by companies heavily reliant on imported raw materials. For…
In a major boost to India’s cutting-edge technology ecosystem, Mumbai-based asset manager Piper Serica has announced the launch of its new “Bharat Tech Fund.” The Category-II Alternative Investment Fund (AIF) features a base corpus of ₹600 crore alongside a ₹200 crore green-shoe option, bringing the total potential fund size to ₹800 crore. The fund is…
The Adani Group has reached a $275 million settlement with the US Treasury Department’s Office of Foreign Assets Control (OFAC) over alleged violations of Iran sanctions. The matter involved the indirect import of Iranian Liquefied Petroleum Gas (LPG) through India’s Mundra Port between November 2023 and June 2025. According to official disclosures, Adani Enterprises Limited…
Shares of ICICI Prudential Life Insurance Company plummeted nearly 9% in intraday trading, hitting a fresh 52-week low of ₹488.60 on the National Stock Exchange. This steep decline was triggered by a major strategic announcement from the company’s UK-based joint venture partner, Prudential plc. The British insurance giant revealed that it is acquiring a controlling…
Ministry of Finance has directed state-run banks, insurers, and financial institutions across India to implement a series of cost-cutting measures, including restrictions on travel and a gradual shift toward electric vehicles, according to an official order reviewed by Reuters. The directive, issued by the Department of Financial Services, is part of a broader government austerity…
