Indian automotive giant Maruti Suzuki India has scripted history by registering its highest-ever monthly sales in May 2026. The automaker reported a phenomenal 34.76 percent year-on-year growth, dispatching a record-breaking 242,688 units compared to 180,077 units in the same month last year. Driven by strong consumer demand, the company’s domestic sales also scaled an all-time…
According to the apex bank, net household financial savings climbed to 7 percent of the Gross National Disposable Income (GNDI) in FY25, up from 5.8 percent recorded in the previous fiscal year. This upward trajectory was primarily driven by a sharp contraction in household borrowing. Financial liabilities plummeted to 4.8 percent of GNDI from a…
Indian solar panel manufacturer Waaree Energies Ltd. is moving forward with its ambitious expansion strategy, preparing to launch a massive share sale targeting institutional investors to raise up to $700 million. According to sources familiar with the matter, the capital raise could take place as early as July, depending entirely on prevailing market conditions. To…
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…
