Business

Longest Continuous Tenure as Finance Minister Nirmala Sitharaman is set to present her ninth consecutive Union Budget on Sunday, marking an unprecedented milestone in India’s parliamentary history. With this, she becomes the longest serving Finance Minister to hold the office continuously.Sitharaman assumed charge of the Finance Ministry on May 31, 2019, and has remained at the helm through a period marked by the COVID-19 pandemic and global geopolitical disruptions. Her tenure has coincided with India emerging as the fastest growing major economy in the world.By January 31, 2026, Sitharaman completes six years and eight months in office. The upcoming Union Budget will be her ninth in a row, a record not previously achieved by any...

Pune, January 30, 2026: Bharat Forge Limited (NSE: BHARATFORG, BSE: 500493) has infused €10 million (₹1,100.45 million) into its wholly owned subsidiary Bharat Forge Global Holding GmbH through a capital reserve contribution, reinforcing its overseas investment platform and balance sheet. The investment, completed as a cash infusion, maintains Bharat Forge’s 100 percent ownership in the Germany-based holding company and is aimed at supporting the group’s international manufacturing and investment footprint across Europe. Key Investment DetailsParticularsDetailsInvestee EntityBharat Forge Global Holding GmbHNature of TransactionCapital reserve contributionInvestment Amount€10 millionRupee Equivalent₹1,100.45 millionMode...

Mumbai, January 30, 2026: Godrej Properties Limited (GODREJPROP) on Friday announced the acquisition of an approximately 8.5-acre land parcel in Mahalunge, Pune, through an outright purchase, strengthening its presence in one of the city’s fastest-growing residential micro-markets.The proposed development is expected to primarily comprise group housing, with a total developable potential of around 2.1 million square feet. The project carries an estimated revenue potential of nearly ₹2,000 crore, based on current business assumptions.Strategic Location and Development Potential The acquired land parcel is located in the Mahalunge–Maan–Nande belt and forms part of the broader Mahalunge–Hinjewadi micro-market. The location benefits...

Overview of the Economic Survey Presentation Finance Minister Nirmala Sitharaman is set to table the Economic Survey 2025-26 in Parliament today, marking a key milestone ahead of the Union Budget. The document has been prepared by the Finance Ministry’s Department of Economic Affairs under the guidance of the Chief Economic Advisor.The Economic Survey offers a comprehensive assessment of the country’s current economic conditions along with an outlook for the period ahead. It traditionally sets the context for policy priorities and fiscal strategy that follow in the Budget.Union Budget and Budget Session Schedule The Union Budget 2026-27 will be presented on Sunday. The Budget Session of Parliament is scheduled to be held in two...

India Positions Itself as a Key Partner in Global Energy Supply Chain Prime Minister Narendra Modi on Wednesday interacted with Chief Executive Officers of the global energy sector at his residence at Lok Kalyan Marg in New Delhi, as part of the ongoing India Energy Week 2026.India’s Economic Momentum and Energy Ambitions Highlighting India’s strong economic momentum, the Prime Minister said the country is advancing rapidly towards becoming the world’s third-largest economy and is set to play a decisive role in shaping the global energy demand and supply balance.During the interaction, he drew attention to significant investment opportunities in India’s energy sector. The Prime Minister highlighted an investment potential of around...

Report Submitted Ahead of New Devolution Cycle The forthcoming Union Budget is set to incorporate the recommendations of the 16th Finance Commission, which has already submitted its report to President Droupadi Murmu. The recommendations are expected to guide the sharing of taxes between the Centre and states for the next five years starting 2026-27.The Finance Commission, constituted under the Constitution, lays down the formula for tax devolution between the Union and the states. Cesses and surcharges levied by the Centre do not form part of the divisible pool.Composition and Timeline of the 16th Finance Commission The 16th Finance Commission was constituted on December 31, 2023, and is headed by former NITI Aayog Vice Chairman...

Mumbai, January 28, 2026 Poonawalla Fincorp Limited (PFL) announced the deployment of five new enterprise-level artificial intelligence solutions as part of its broader AI-first transformation strategy, aimed at strengthening decision-making, execution efficiency, and scalability across the organisation.The latest rollout expands the use of AI across competitive intelligence, customer onboarding, data quality management, customer experience analytics, and application development. The initiatives align with the company’s long-term vision of building a digitally fluent, data-driven financial services platform.Five AI Solutions Strengthening Core Operations Poonawalla Fincorp has introduced the following AI-led capabilities...

Incentive Discontinuation Triggers Estimate Revisions Paytm continues to deliver strong core business momentum despite a near-term earnings impact from the non-renewal of the Payments Infrastructure Development Fund scheme, according to a report by Jefferies.The report notes that the discontinuation of PIDF incentives has led to a reduction in adjusted EBITDA estimates and a cut in the price target.PIDF Income Removed From Forward Projections During FY25 and the first half of FY26, Paytm earned meaningful incentive income under the scheme, including Rs 1.28 billion in 1HFY26, which contributed materially to adjusted EBITDA. With the scheme not extended beyond December 2025, Jefferies has removed this incentive income from its...

Discussions Focus on Strengthening India-EU Partnership Prime Minister Narendra Modi on January 27 held delegation-level talks with senior leaders of the European Union at Hyderabad House in New Delhi, marking a key moment in India-EU diplomatic engagement.The meeting was attended by Ursula von der Leyen, President of the European Commission, and Antonio Luis Santos da Costa, President of the European Council. The discussions centred on strengthening bilateral ties between India and the European Union across strategic and economic dimensions.High-Level Delegations from Both Sides The Indian delegation included External Affairs Minister S. Jaishankar, Commerce Minister Piyush Goyal, Foreign Secretary Vikram Misri, and National...

Mumbai, January 27, 2026: Hindalco Industries Limited (BSE: 500440 | NSE: HINDALCO) on Tuesday announced a major capacity expansion in its aluminium operations, committing ₹21,000 crore towards a new smelter expansion at its Aditya Aluminium complex in Odisha, while simultaneously commissioning flat rolled products and battery-grade aluminium foil facilities in the state.₹21,000 Crore Smelter Expansion at Sambalpur The company plans to expand smelting capacity by 3.6 lakh tonnes per annum at the Aditya Aluminium complex in Sambalpur, strengthening its upstream aluminium footprint. The expansion forms part of Hindalco’s long-term growth capital expenditure strategy and is aligned with rising domestic demand from electric mobility...

Bengaluru, January 27, 2026: AXISCADES Technologies Limited (NSE: AXISCADES | BSE: 532395) on Tuesday announced a strategic partnership with OGMA – Indústria Aeronáutica de Portugal, an Embraer group company, to scale its global presence in aerospace and defence manufacturing, maintenance, repair and overhaul services.Under the partnership, AXISCADES will work with OGMA to provide advanced MRO, airframe engineering and certification services for both commercial and military aircraft platforms. The collaboration is aimed at supporting Embraer and other aircraft manufacturers’ fleets, including VVIP and VIP aircraft, airborne early warning and control platforms, and commercial aircraft operating in India and other high-growth regions...

Mumbai, January 27, 2026 – Wockhardt Limited (BSE: 532300 | NSE: WOCKPHARMA) on Tuesday announced a major clinical milestone with its novel intravenous antibiotic Foviscu (WCK 4282) successfully meeting the primary endpoint in a pivotal Phase 3 trial, demonstrating therapeutic equivalence with the widely used gold-standard antibiotic meropenem.Phase 3 Trial Highlights Foviscu was evaluated in patients suffering from complicated urinary tract infections and acute pyelonephritis caused by Gram-negative bacteria, including extended-spectrum beta-lactamase producing pathogens. These infections are among the most challenging to treat in hospital settings due to rising resistance to commonly prescribed antibiotics.In a randomized...

Mangalore, January 27, 2026: Mukka Proteins Limited (NSE: MUKKA, BSE: 544135) has strengthened its sustainability-led growth strategy after its Black Soldier Fly based municipal wet-waste processing project in Bengaluru was formally listed on the Verra Registry, marking a key step toward monetising carbon credits, alongside approval to expand processing capacity up to 1,000 tonnes per day.Verra Listing Unlocks Carbon Credit Pathway The company’s BSF-driven 300 tonnes per day wet-waste processing facility in Bengaluru, operated under its empanelment with Bengaluru Solid Waste Management Limited, has been registered on the Verra Registry under Project ID 5893. This listing enables the project to progress toward issuance of Verified...

Mumbai, January 27, 2026 – Waaree Renewable Technologies Limited (BSE: 534618 | NSE: WAAREERTL) on Tuesday approved a binding term sheet to acquire around 55 percent equity stake in Associated Power Structures Limited, marking a major strategic move into the power transmission and distribution segment. The proposed transaction involves a total consideration of approximately ₹1,225 crore, structured through a mix of primary and secondary purchases. Upon completion, Associated Power Structures will become a subsidiary of Waaree Renewable Technologies. Deal SnapshotParticularsDetailsTarget companyAssociated Power Structures LimitedStake to be acquired~55%Total consideration~₹1,225 croreStructureMix of primary and secondary...

Mumbai, January 23, 2026: Sun Pharmaceutical Industries Limited (NSE: SUNPHARMA, BSE: 524715) on Friday announced that it has received approval to manufacture and market a generic version of semaglutide injection in India, marking a significant step in expanding access to advanced therapies for chronic weight management.The company said the product will be introduced in the Indian market after the expiry of the semaglutide patent. The generic semaglutide injection will be marketed under the brand name Noveltreat and is intended for use in adults as part of a reduced-calorie diet and increased physical activity regimen.Product Details and Dosage Profile Noveltreat will be available in five dose strengths, providing flexibility across...

Mumbai, January 22, 2026: Mobavenue AI Tech Limited (BSE: 539682) announced a major business update on Thursday, confirming the successful launch of PrsmX 1.0, a significantly enhanced version of its AI-powered unified brand awareness and omnichannel programmatic engagement platform. The launch represents a critical milestone in the company’s product and technology roadmap.The new version has been rolled out by Mobavenue Media Private Limited, a wholly owned subsidiary, following extensive upgrades aimed at strengthening cross-screen brand visibility, audience intelligence, and real-world campaign measurement.First Live Demonstration Highlights Platform Capabilities The enhanced PrsmX 1.0 was showcased for the first time during a...

Gurugram, January 21, 2026 Indus Towers Limited (INDUSTOWER) has expanded its international presence with the incorporation of a new step-down subsidiary in Uganda, strengthening its footprint in the African telecom infrastructure market. The newly incorporated entity, Indus Infra Uganda Limited, has been set up through Indus Towers Ventures FZE, a wholly owned subsidiary of the company. The incorporation was completed on January 20, 2026, marking Indus Towers’ formal entry into the Ugandan telecom infrastructure space. Business Scope and Capital Structure Indus Infra Uganda Limited has been incorporated with an initial share capital of UGX 2 billion. The company will focus on establishing, erecting, operating, managing, and maintaining...

Noida, January 21, 2026: HCL Technologies announced the expansion of its long-term strategic partnership with Team Global Express, aiming to transform the logistics major’s operations through artificial intelligence and large-scale digital modernization across Australia and New Zealand.Under the expanded engagement, Team Global Express has consolidated its multi-vendor IT ecosystem into a single strategic partnership with HCLTech. The move is designed to enhance operational efficiency, improve data-driven decision-making, and accelerate innovation across the logistics provider’s end-to-end operations.Scope of the Expanded Engagement HCLTech will deliver comprehensive managed IT services covering enterprise applications, hybrid cloud...

Mumbai, January 21, 2026 Lupin Limited (NSE: LUPIN, BSE: 500257) on Wednesday announced a strategic licensing and supply partnership with Spain based Galenicum Health to expand the reach of injectable Semaglutide across 23 international markets, strengthening its global diabetes and obesity portfolio.Under the agreement, the collaboration will be executed through Lupin’s subsidiary Lupin Atlantis Holdings SA. Galenicum will be responsible for the development, manufacturing and supply of finished dosage formulations, while Lupin will lead commercialisation, distribution and market expansion across regions including Canada, Europe, Southeast Asia and Latin America.Semaglutide is a GLP-1 receptor agonist widely prescribed for the...

Bengaluru, January 20, 2026: Ola Electric Mobility Limited announced a change in its senior leadership, with the Board approving the appointment of Deepak Rastogi as Chief Financial Officer, effective January 20, 2026. The development follows the resignation of the company’s existing CFO, Harish Abichandani, who stepped down from his role at the close of business on January 19, 2026, citing personal reasons.The decision was taken at the company’s Board meeting held on January 19, 2026, which commenced at 7:00 pm IST and concluded at 7:20 pm IST.Leadership Transition at Ola Electric Deepak Rastogi will assume charge as Chief Financial Officer and will be part of the company’s senior management team. He brings over three decades of...