Business

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...

AI Becomes Central to Daily Decision-Making at Swiggy Davos, Jan 20: As artificial intelligence expands its role across everyday life and business operations, Swiggy is increasingly using the technology to deliver what it describes as democratized intelligence across its entire ecosystem, from senior leadership to delivery partners and restaurant operators.Speaking on the sidelines of the World Economic Forum Annual Meeting, Swiggy Food Marketplace CEO Rohit Kapoor said the company has deployed generative AI across multiple business functions, with the technology already at a mature stage of adoption.Generative AI Enhancing Customer Service and Operations Kapoor highlighted the use of generative AI in customer service as one of the...

Mumbai, January 20, 2026 – Pfizer Limited (BSE: 500680, NSE: PFIZER) has announced key changes in its senior management structure, including the appointment of a new category lead for its vaccines business and realignment of leadership roles across portfolios, effective February 1, 2026. Key Senior Management Changes Pfizer Limited has appointed Mr. Nilesh Pendse as Category Lead – Vaccines, effective February 1, 2026. With this appointment, Mr. Pendse will join the company’s senior management team.At the same time, Mr. Manikantan Seshadrinathan, currently serving as Category Lead for Hospitals and Rare Disease, will transition to another role within the broader Pfizer group. He will cease to be part of Pfizer Limited’s senior...

Overhead Electrification Work Advances Along Corridor New Delhi, January 20: Railways Minister Ashwini Vaishnaw on Monday said that the Mumbai-Ahmedabad Bullet Train project is witnessing steady progress, with the installation of Overhead Electrification masts moving ahead across the corridor.In a social media post, the minister highlighted that the advancement of electrification infrastructure marks an important milestone for India’s first high-speed rail system. He noted that the progress reflects consistent on-ground execution and is a key step towards enabling electric traction for the project.Key Step for India’s First High-Speed Rail System According to the minister, the ongoing installation of Overhead Electrification masts...

Gurugram, January 19, 2026: ACME Solar Holdings Limited (BSE: 544283, NSE: ACMESOLAR) has commissioned an additional 12 MW of wind power capacity at its ongoing wind energy project in Surendranagar district of Gujarat, taking the project’s total operational capacity to 68 MW out of the planned 100 MW. The newly commissioned capacity has been added through the company’s subsidiary, ACME Eco Clean Energy Private Limited. The 100 MW wind project is being developed in phases, with commissioning progressing steadily. The wind power project is financed by Power Finance Corporation and has been executed using ACME Solar’s in-house engineering, procurement and construction capabilities. The project deploys 4 MW wind turbine generators supplied...

New Delhi, January 19, 2026 – InterGlobe Aviation Limited (IndiGo) has received multiple directions from India’s civil aviation authority following a review of widespread operational disruptions witnessed between December 3 and December 5, 2025. The actions include financial penalties totalling ₹22.2 crore, a directive to furnish a ₹50 crore bank guarantee, and warnings issued to several senior executives.Financial Impact: Penalties and Bank Guarantee As part of the orders, IndiGo has been levied a one-time systemic penalty of ₹1.8 crore for operational non-compliances. In addition, a further penalty of ₹20.4 crore has been imposed for continued non-compliance with revised flight duty and time limitation norms over a 68-day period...

Bengaluru, January 16, 2026: Royal Orchid Hotels Limited announced the addition of a new leisure property, Regenta Place Resort, Jim Corbett, strengthening its presence in high-demand leisure destinations across North India. The upcoming resort will be developed in partnership with Vacan Hauss Realty and will operate under the company’s Regenta Place brand.The Jim Corbett property is being positioned as an upscale leisure and corporate retreat destination, catering to wildlife tourists, adventure travellers, and MICE demand. The resort will feature 50 spacious rooms, supported by a full-service restaurant and bar, a 3,500 sq ft banquet hall for conferences and social events, and wellness amenities including a spa, swimming pool, and...

Mumbai, January 16, 2026 – Delta Corp Limited (NSE: DELTACORP, BSE: 532848) has shared a comprehensive business and project update outlining near-term expansion plans in gaming and hospitality, a pause in its Dhargal integrated resort project, and progress on its proposed business demerger aimed at sharper strategic focus.New Casino Vessel Set for Goa Operations Delta Corp is in advanced stages of completing a new casino vessel that is expected to be inducted into the Mandovi River in Goa by March 2026. Commercial operations are targeted to begin in April 2026, subject to operational readiness. The addition is expected to further strengthen the company’s footprint in Goa’s live gaming ecosystem.Dhargal Integrated Resort Project Put...

Incident Occurs After Flight Returns Due to Airspace Closure Air India’s newest Airbus A350 aircraft sustained damage to its right engine at Delhi airport after ingesting a baggage container while taxiing to its parking bay. The incident involved Flight AI101, which was operating a Delhi to New York service with more than 250 passengers on board.The aircraft had returned to Delhi shortly after take-off following the unexpected closure of Iranian airspace, which disrupted its planned westbound route. The aircraft landed safely, and no injuries were reported.Engine Damage During Taxiing in Dense Fog The incident occurred while the aircraft was taxiing in dense fog conditions towards its designated parking bay. During this phase, the...

Pune, January 15, 2026: Zensar Technologies Limited has scheduled a meeting of its Board of Directors on Thursday, January 22, 2026, to consider, among other items, a proposal for the declaration of an interim dividend for the financial year 2025–26. The Board meeting will also review and approve the unaudited standalone and consolidated financial results for the quarter ended December 31, 2025. If the interim dividend is approved, it will be paid to eligible equity shareholders whose names appear in the company’s shareholder records as of Thursday, January 29, 2026, which has been fixed as the record date. What This Means for Shareholders An interim dividend declaration would extend Zensar Technologies’ long-standing track record of...