Companies News
Unlisted Gems 2026: Reliance Retail leads as top 100 firms earn ₹8.9 trn
India's top 100 unlisted firms generated Rs 8.9 trn in revenue in 2025, led by Reliance Retail, with Tata Electronics and other fast-growing firms signalling a strong pipeline of IPO-ready companies
 "Unlisted Gems 2026: Reliance Retail leads as top 100 firms earn ₹8.9 trn")
Wipro to hike salaries from March 1, bringing much-needed relief
IT major to implement salary increments from March 1 after deferring hikes in September; percentage of increase not immediately specified
USK Capital acquires US-based snacking brand Go Raw
The office acquired a majority stake in Go Raw's parent, Freeland Foods LLC, through one of the operating entities owned and controlled by USK Capital under the overseas direct investment route
 "USK Capital acquires US-based snacking brand Go Raw")
Adani Group exits AWL with sale of remaining 7% stake in block deal
Domestic mutual fund houses, including Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF, and Bandhan MF, bought the stake
 "Adani Group exits AWL with sale of remaining 7% stake in block deal")
Microsoft to enable local data processing for Copilot in India by 2025
Microsoft is pleased to announce that we are making in-country data processing for customers' Microsoft 365 Copilot interactions available in 15 countries around the world
 "Microsoft to enable local data processing for Copilot in India by 2025")
Q1 results today: Adani Ports, Bharti Airtel, Lupin, 150 others on Aug 5
Q1 FY26 company results, August 5: Britannia, Alembic Pharmaceuticals, Aarti Surfactants, Berger Paints, Bharti Hexacom, and Exide are also to release their April-June quarter earnings reports today
 "Q1 results today: Adani Ports, Bharti Airtel, Lupin, 150 others on Aug 5")
MakeMyTrip adds UK's largest hotel chain to strengthen hotel portfolio
Premier Inn's addition expands MakeMyTrip's directly contracted hotel base, aligning with its strategy to capture outbound demand in long-haul destinations like the UK and Europe
 "MakeMyTrip adds UK's largest hotel chain to strengthen hotel portfolio")
NCLT approves merger of AEL's Adani Cementation with Ambuja Cements
The scheme is set to take effect from April 1, 2024, once all steps in the merger agreement are completed, as stated in the 70-page NCLT order
 "NCLT approves merger of AEL's Adani Cementation with Ambuja Cements")
7 electricity pylons collapse onto highway in South Africa
At least seven large electricity pylons collapsed onto a highway near the South African capital of Pretoria, causing a multiple-vehicle crash, city authorities and emergency services said Monday.
SBI DIRECT EXCHANGE RATES
SBI DIRECT EXCHANGE RATES
England beats Sweden on penalties to reach Euro 2025 semifinals after dramatic ...
England beats Sweden on penalties to reach Euro 2025 semifinals after dramatic match
PM Modi calls Iranian President after US strike, calls for de-escalation
PM Modi calls Iranian President after US strike, calls for de-escalation
 "PM Modi calls Iranian President after US strike, calls for de-escalation")
Muthoot Finance to go slow on MFI biz amid stress in the segment: MD
George Alexander Muthoot says the firm will prioritise gold loans due to strong demand and regulatory pressure on unsecured lending, as MFI exposure is scaled down
 "Muthoot Finance to go slow on MFI biz amid stress in the segment: MD")
Muthoot Finance to go slow on MFI biz amid stress in the segment: MD
George Alexander Muthoot says the firm will prioritise gold loans due to strong demand and regulatory pressure on unsecured lending, as MFI exposure is scaled down
Fully prepared to respond to Pak: India after hitting 9 sites in 25 minutes
Five targets were hit in PoJK - the Sawai Nala and Syedna Belal camps in Muzaffarabad, the Gulpur and Abbas camps in Kotli, and the Barnala camp in Bhimber
 "Fully prepared to respond to Pak: India after hitting 9 sites in 25 minutes")
Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit
Public sector lender Union Bank purchased 189,450 paperback and 10,422 hardcover copies of Krishnamurthy V Subramanian's book 'India@100: Envisioning Tomorrow's Economic Powerhouse' for ₹7.25 crore
 "Union Bank's ₹7.25 cr book purchase faces heat amid Subramanian's IMF exit")
Indian pharma market back to pre-Covid level in FY23, says report
After a Covid-hit FY21 (when the IPM grew by only 2.2 per cent), the market posted a growth of 14.7 per cent in FY22, on a low base
 "Indian pharma market back to pre-Covid level in FY23, says report")
DeepSeek demand shrinking: Baidu founder notes shift away from text-only AI
Chinese tech major Baidu launched Ernie 4.5 Turbo and X1 Turbo, which feature multimodal capabilities including text, image, audio and video
 "DeepSeek demand shrinking: Baidu founder notes shift away from text-only AI")
Alibaba launches Qwen3 AI, claims it's better than DeepSeek R1: Details
What is the Qwen3 AI model introduced by Alibaba, and how does it compare to its AI rivals?
 "Alibaba launches Qwen3 AI, claims it's better than DeepSeek R1: Details")
Apple steps up iPhone production in India amid US-China trade tensions
As US-China trade tensions escalate, Apple is rapidly shifting its iPhone production to India, with new factories starting up and record shipments already underway
 "Apple steps up iPhone production in India amid US-China trade tensions")