Companies News
Jio Payment Solutions launches cross-border payments for Indian exporters
The Jio Financial Services Limited subsidiary said the launch follows authorisation from the RBI to operate as a Payment Aggregator for Cross-Border transactions
 "Jio Payment Solutions launches cross-border payments for Indian exporters")
Coforge chairman resigns after internal audit flags disclosure gaps
The resignation followed concerns identified in an internal audit review over the handling and disclosure of information relating to the board evaluation report
Mahindra eyes over 50% share in small pickups in FY27, bets on Veero
The company, which currently commands a 46 per cent share in the small pickup segment year-to-date through July, expects the addition of the 1.1-tonne CNG Veero to help it cross the 50% mark in FY27
 "Mahindra eyes over 50% share in small pickups in FY27, bets on Veero")
AM/NS India ties up with ICAR-IARI to study iron ore tailings in farming
Partnership will study the use of mining byproduct containing silica, iron oxides and other nutrients in crops such as paddy, wheat and vegetables
N Chandrasekaran resigns as Tata Sons chairman, to stay till Feb 2027
Chandrasekaran's resignation comes days before the August 18 AGM, amid differences with Tata Trusts over his reappointment, group strategy and investments in new businesses
 "N Chandrasekaran resigns as Tata Sons chairman, to stay till Feb 2027")
FPI flows unlikely to return to India in a big way, says Ambit Capital
The brokerage says elevated valuations, stronger opportunities in developed markets and the rise of AI-related investments could limit foreign inflows into Indian equities
Indian Hotels well poised to achieve vision of 200 hotels by 2028
According to IHCL, with eight new hotel signings, the iconic brand Taj is slated to reach the 100-hotel milestone from 98 hotels currently
 "Indian Hotels well poised to achieve vision of 200 hotels by 2028")
Electrics and hybrids account for 1 per cent and 5.7 per cent share of total car sales, respectively
Electrics and hybrids account for 1 per cent and 5.7 per cent share of total car sales, respectively
 "Electrics and hybrids account for 1 per cent and 5.7 per cent share of total car sales, respectively")
Axis MF elevates R Sivakumar as its CIO; Ashish Gupta to step down
Axis Asset Management Company appoints R Sivakumar as chief investment officer as part of an internal succession plan following the exit of Ashish Gupta
 "Axis MF elevates R Sivakumar as its CIO; Ashish Gupta to step down")
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.
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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