Business

Hindalco Industries Limited has announced a temporary halt to its acquisition of AluChem Companies, Inc. due to a partial shutdown of the U.S. federal government. This shutdown has impacted the ongoing review process by the Committee on Foreign Investment in the United States (CFIUS).CFIUS Review Process Impacted The company previously filed both a ‘short-form’ and a ‘long-form’ declaration with CFIUS in connection with the proposed acquisition. Statutory timelines under the CFIUS review framework have been tolled as a result of the shutdown.Transaction Status Currently, there is no definitive timeline available for the conclusion of the shutdown, and consequently, the CFIUS review and the related transaction remain temporarily...

Lupin Ranks No. 1 Globally in Pharma; Tops All Sectors in India in S&P ESG Assessment 2025 Mumbai, February 26, 2026: Global pharma major Lupin Limited (Lupin) today announced its recognition among the top 1% of companies worldwide in the S&P Global Corporate Sustainability Assessment (CSA). Lupin attained a score of 91 out of 100, establishing itself as the leading pharmaceutical company globally and the leader across all sectors in India, surpassing both Indian and international peers.S&P Global Corporate Sustainability Assessment The S&P Global Corporate Sustainability Assessment—one of the world’s most comprehensive ESG benchmarks—evaluates companies on industry-specific economic, environmental, and social criteria. Lupin has been...

Bengaluru, 26 February, 2026: Greaves Electric Mobility (GEM), the electric mobility business of Greaves Cotton Limited (GCL), has announced its international expansion in Nepal in partnership with STC Auto Solution Private Limited. As part of this expansion, the company is launching its flagship product, Ampere Nexus.Ampere Nexus Launch in Nepal The Ampere Nexus, India's first E2W recognized by Asia Book of Records for conquering 70 hairpin bends of Kolli Hills, is being introduced to address the evolving two-wheel demand in Nepal, considering the dynamic terrain, climatic and driving conditions of the country.Engineered for performance, durability, reliability and comfort, the Ampere Nexus is designed to handle steep gradients...

Mumbai, February 26: Gold’s long term trajectory remains firmly positive as global de dollarization, rising fiscal stress and escalating geopolitical tensions reshape the financial order, according to a new report by Motilal Oswal Financial Services Ltd.In its latest Precious Metals Quarterly Report, the brokerage said gold has crossed the USD 5,000 per ounce mark in early 2026, marking one of the strongest bullish phases in modern history. The firm believes the rally signals the beginning of a structural repricing phase and not merely a cyclical upswing.Gold Price Outlook: USD 6,000 in 12 Months, USD 7,500 Medium Term The brokerage expects Comex gold to settle near USD 6,000 per ounce over the next 12 months. On the domestic front...

New Delhi, February 26: The government’s offer for sale of a 2 percent stake in Indian Railway Finance Corporation Ltd failed to garner full subscription on the final day, as both institutional and retail investors showed limited interest in the issue.The two day OFS, which opened on February 24, involved the sale of over 26.13 crore shares at a floor price of Rs 104 per share. The offer also included a green shoe option for an equal number of shares, allowing the government to increase the issue size based on demand.Institutional Investors Subscribe 94.98% of Reserved Portion Of the 23.52 crore shares allocated to institutional investors, bids were received for 22.34 crore shares on Wednesday, translating to 94.98 percent...

Indian Railway Finance Corporation Limited, the dedicated financing arm of Indian Railways, has informed stock exchanges that its Board of Directors will meet on Monday, March 9, 2026, to consider the declaration of a second interim dividend for the financial year 2025 to 2026.The company has fixed Friday, March 13, 2026, as the record date to determine the eligibility of shareholders for the proposed second interim dividend, subject to approval by the Board.Trading Window Closed Ahead of Dividend Decision In accordance with SEBI Regulations, 2015 and the company’s internal code of conduct, the trading window has been closed from Friday, February 27, 2026. It will remain closed until 48 hours after the conclusion of the Board...

Naukri.com Approves Contribution of Up to Rs. 250 Crore to B8 Fund I Noida, February 26, 2026 – Info Edge (India) Limited, the parent company of Naukri.com, announced today that its Board of Directors has approved a contribution agreement with B8 Fund I, a scheme launched by B8 Trust. The company intends to commit up to Rs. 250 crore in aggregate, directly or through its wholly-owned subsidiaries, including Smartweb Internet Services Limited.Details of the Transaction Smartweb Internet Services Limited, a wholly-owned subsidiary of Info Edge, will serve as the sponsor and investment manager of the fund. The investment is expected to be made over time during the scheme’s lifetime, depending on market conditions and available...

Kolkata, February 26: The Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99 per cent in Bandhan Bank, according to a regulatory filing made on Thursday.Bandhan Bank informed the stock exchanges that the central bank, through a letter dated February 25, 2026, granted approval to the fund house to acquire up to 9.99 per cent of the paid-up share capital or voting rights in the lender.Approval Subject to Regulatory ComplianceThe approval is subject to compliance with provisions under the Banking Regulation Act, 1949, the Reserve Bank of India Commercial Banks Acquisition and Holding of Shares or Voting Rights Directions, 2025 dated November 28, 2025, as amended from time...

JOHANNESBURG, February 26, 2026: TVS Motor Company (TVSM), a global leader in two and three-wheeler manufacturing, today announced its official re-entry into the South African market. In a move to redefine the regional mobility landscape, TVSM has entered a strategic partnership with The Nexus Collective, a specialized distributorship backed by the Bidvest Group Limited, South Africa's largest automotive distributor.With this launch, TVSM becomes the only two-wheeler brand in South Africa to operate across multiple product forms and segments simultaneously. This expansion is a cornerstone of TVSM's international growth strategy; as of 2025, international business accounts for 25% of total sales, with the African continent representing...

Motilal Oswal Alternates (MO Alts), the alternative investment arm of Motilal Oswal Financial Services, today announced the first close of its maiden private credit fund, India Credit Excellence Fund - I ('the Fund') , at INR 1,700 crore. This includes an INR 200 crore commitment from the Sponsor and its affiliates. The Fund, launched in January 2026, targets a total corpus of INR 3,000 crore including green shoe.About the Fund and MO Alts The Fund marks a significant chapter in MO Alts' 20-year journey as India's premier alternatives platform and a meaningful step in its evolution towards a multi-asset alternatives firm. MO Alts has built a distinctive track record across private equity and real estate, having raised over INR 23,000...

SEBI Ends Children and Retirement Fund Segment Mumbai, February 26: The Securities and Exchange Board of India on Thursday announced the discontinuation of the "solution-oriented" mutual fund category, covering children and retirement funds, as part of a broader overhaul of mutual fund classification norms aimed at improving clarity and transparency for investors.With immediate effect from the date of the circular, existing schemes under the solution-oriented segment will stop accepting fresh subscriptions. These schemes will be merged with other schemes that have similar asset allocation and risk profiles, subject to prior approval from SEBI.As of January 31, 2026, the segment comprised 15 children’s fund schemes and 29 retirement...

Bilateral Trade Agreement Moves Closer to First Phase Completion New Delhi, February 26: Commerce and Industry Minister Piyush Goyal on Thursday held a key meeting with US Secretary of Commerce Howard Lutnick and US Ambassador to India Sergio Gor to discuss ways to deepen trade and economic ties between India and the United States.In a social media post, Goyal said the discussions were fruitful and focused on expanding the trade and economic partnership between the two countries.The meeting assumes significance as India and the United States are currently working on finalizing the legal text for the first phase of a proposed bilateral trade agreement. The pact is expected to strengthen market access, streamline trade processes, and...

Board Clears Private Placement of Debentures New Delhi, February 26: The Board of Directors of Vedanta Ltd has approved a proposal to raise up to ₹3,000 crore through debentures on a private placement basis, reinforcing its ongoing capital management strategy.The fundraising is aimed at strengthening the company’s capital structure while optimizing borrowing costs, as the conglomerate continues its efforts to streamline liabilities and improve financial efficiency.Details of the Non Convertible Debenture Issue Vedanta will issue up to three lakh unsecured, rated, listed, and redeemable non convertible debentures. Each debenture will carry a face value of ₹1,00,000, aggregating to a total issue size of ₹3,000 crore.The non...

Tribunal Upholds NCLT Order in Minority Shareholders' Plea In a setback for Jindal Poly Films Ltd, the National Company Law Appellate Tribunal has dismissed the company’s appeal against an earlier order permitting a class action lawsuit to move forward.The ruling, delivered on February 26, upholds the decision of the National Company Law Tribunal to admit the plea filed by minority shareholders and also includes a formal notice issued to the company.The development marks a significant legal escalation in a dispute involving alleged financial transactions linked to promoter-connected entities.Allegations of ₹2,000 Crore Loss The class action lawsuit, initiated by minority shareholders, alleges that funds were siphoned off to...

HDFC Bank Reworks Vendor Strategy Amid AI Push HDFC Bank is changing how it works with technology vendors as it accelerates the development of artificial intelligence capabilities internally, a move that could reshape the engagement models of Indian IT services firms.Ramesh Lakshminarayanan, Group Head IT and Chief Information Officer at the bank, said the institution is moving away from manpower led outsourcing toward outcome based partnerships. He indicated that traditional billing structures built around team size are losing relevance as enterprises increasingly demand measurable business impact.According to him, the conversation with vendors is now centered on value added services instead of the number of deployed resources. The...

EY Projects 6.8–7.2% Real GDP Growth for FY27 India’s real GDP is projected to grow between 6.8 per cent and 7.2 per cent in FY27, according to the latest EY Economy Watch report released on Thursday.EY India Chief Policy Advisor D K Srivastava said that India’s medium-term growth prospects have strengthened, supported by extensive bilateral trade agreements with major economies and economic groupings. The report estimates that real GDP growth will remain in the 6.8 to 7.2 per cent range in FY27, reflecting resilience in economic activity.The outlook aligns with India’s broader growth trajectory as the country works toward long-term development goals.Higher Tax-GDP Ratio Key to Viksit Bharat 2047 Vision The report noted that...

New Delhi, February 26: The Securities and Exchange Board of India has unveiled a comprehensive overhaul of the mutual fund classification framework, introducing a new category of Life Cycle Funds, discontinuing Solution Oriented Schemes, and tightening disclosure as well as portfolio overlap norms to enhance uniformity and investor protection.The regulator said the changes are aimed at ensuring schemes remain true to their stated objectives and curbing exaggerated return claims in scheme names. The move aligns the regulatory architecture with the evolving mutual fund landscape and emerging opportunities across asset classes.Five Broad Scheme Categories Introduced Under the revised structure, mutual fund schemes have been classified...

PhonePe Reports 56% Revenue CAGR in FY23 to FY25, Losses Narrow Sharply Ahead of IPO Revenue Growth Signals Strong Monetization Shift Digital payments major PhonePe has reported robust revenue growth and a sharp reduction in losses over the past three fiscal years, reflecting a decisive shift towards sustainable monetization and operational efficiency, according to its draft red herring prospectus.Revenue from operations climbed to Rs 7,114.85 crore in FY25 from Rs 2,914.28 crore in FY23, translating into a compound annual growth rate of 56.25 per cent. The company stated that it is successfully transitioning towards long term monetization while strengthening its operating model.A key highlight of this transition is the...

India could retain an estimated $113 billion in foreign currency by 2040 if it strengthens the domestic presence of foreign universities, according to a joint report released by Deloitte India and Knight Frank India on Thursday.The report states that enabling Foreign Higher Education Institutions to establish campuses in India could significantly curb the remittances currently flowing overseas for education. To support this expansion, the country may require nearly 19 million square feet of vertical campus space.National Education Policy 2020 Driving Structural Shift The transformation is being accelerated by the National Education Policy 2020, which aims to reposition India from a student exporting nation to a global knowledge hub...

NCLAT Dismisses Jindal Poly Films Appeal, Class Action Suit by Minority Shareholders to Proceed In a setback for Jindal Poly Films, the National Company Law Appellate Tribunal has dismissed the company’s appeal against an earlier order permitting a class action lawsuit to move forward. The decision, delivered on February 26, upholds the National Company Law Tribunal’s admission of the case and formal notice issued to the company.Minority Shareholders Allege ₹2,000 Crore Loss The class action lawsuit has been initiated by minority shareholders, who allege diversion of funds to entities linked to the company’s promoters. According to the plea, these transactions resulted in an estimated loss of ₹2,000 crore to Jindal Poly Films and were...