Business

Sector Calls for Shift From Capacity Additions to Execution Certainty The renewable energy industry has urged the government to extend targeted incentives for research and development, along with support for domestic manufacturing of ingots and wafers, in the Union Budget for FY27. The appeal comes as the sector looks to move beyond capacity announcements and focus on execution certainty across the clean energy value chain.Finance Minister Nirmala Sitharaman is scheduled to present the Union Budget for the financial year 2026 to 27 in Parliament on February 1.Focus on Policy Clarity, Transmission and Green Finance Industry stakeholders said sustained growth in renewable energy would depend on clear policy direction, financially...

Mumbai, January 13, 2026 Metropolis Healthcare Limited (NSE: METROPOLIS | BSE: 542650) on Tuesday announced the launch of its Centre of Genomics, strengthening its capabilities in advanced genomics, molecular diagnostics, precision medicine, and genomic research, as the company sharpens its focus on high-impact, data-driven diagnostics.The newly launched Centre of Genomics brings together Metropolis’ existing genomics strengths under a unified national framework aimed at delivering clinically actionable genomic insights across the care continuum. The initiative targets key clinical specialties, including oncology, reproductive health, neurology, transplant immunology, and rare diseases, positioning genomics as a core growth engine for...

New Delhi, January 12, 2026: TARC Limited (BSE: 543249, NSE: TARC) has expanded the total development area of its luxury group housing project TARC ISHVA in Gurugram to 9.1405 acres, up from the earlier 6.95 acres, strengthening the scale and scope of the premium residential development. The project, located in Sector 63A, Gurugram, has received an addendum to its existing registration, allowing the company to undertake development across the enlarged land parcel. The expansion marks a meaningful increase in the project’s addressable area and enhances its overall development potential in one of Gurugram’s prime residential corridors. Project Expansion DetailsParticularsEarlierRevisedProject NameTARC ISHVATARC ISHVA...

Corporate and Non Corporate Taxes Drive Overall Growth Net direct tax collection in the current financial year rose 8.82 percent to over Rs 18.38 lakh crore up to January 11, according to data released by the Income Tax Department.The collection includes net corporate tax receipts of more than Rs 8.63 lakh crore. Taxes collected from non corporate taxpayers, including individuals and Hindu Undivided Families, stood at Rs 9.30 lakh crore during the same period.Securities Transaction Tax and Refund Trends Securities Transaction Tax collection reached Rs 44,867 crore between April 1 and January 11. During this period, refunds declined 17 percent to Rs 3.12 lakh crore.Gross Direct Tax Collection at Rs 21.50 Lakh Crore Gross direct tax...

Company Clarifies Reports on Lithium-Ion Battery Cell Strategy Reliance Industries on Monday said its plans to build a comprehensive battery storage manufacturing ecosystem remain unchanged and are progressing in line with internal timelines. The clarification came in response to reports suggesting that the company had paused its lithium-ion battery cell manufacturing plans in India.A company spokesperson stated that there has been no change in Reliance’s strategy to create a world-leading battery storage manufacturing ecosystem, covering the entire value chain from cells to containerised energy storage systems.Battery Cell Manufacturing Targeted to Begin in 2026 Reliance had earlier indicated 2026 as the target year to begin...

Focus on Empowerment Over Freebies at Vibrant Gujarat Conference Rajkot, January 12: Union Minister Piyush Goyal on Monday said Prime Minister Narendra Modi believes in empowering citizens through structured schemes rather than offering long term freebies.Addressing a seminar on the PM Surya Ghar Muft Bijli Yojana and the PM KUSUM Yojana at the Vibrant Gujarat Regional Conference in Rajkot, Goyal said both initiatives were personally designed by the Prime Minister and reflect a philosophy centered on participation and accountability.Citizens Encouraged to Have Personal Stake The Union Minister said the government does not support schemes that create long term dependence without public involvement. He stressed that individuals should...

Mumbai, January 12, 2026: CEAT Limited has incorporated a wholly owned subsidiary in the United Kingdom, marking a step forward in strengthening its overseas footprint and expanding its international presence.The newly incorporated entity, CEAT International UK Limited, has been set up with an initial share capital of 15,000 equity shares, each having a face value of GBP 1, aggregating to a paid-up capital of GBP 15,000. Being a freshly incorporated company, it does not have any operational turnover at this stage.Subsidiary Structure and Business Scope CEAT International UK Limited is a 100 percent-owned subsidiary of CEAT Limited. Apart from this shareholding relationship, there is no separate interest held by the promoter or...

Jaipur, January 12, 2026: Dynamic Cables Limited (BSE: 540795 | NSE: DYCL) has strengthened its quality and testing infrastructure after its Quality Control Laboratory at the Ringus manufacturing facility in Rajasthan received ISO/IEC 17025:2017 accreditation. The accreditation covers the company’s testing laboratory located at Unit-4 in the SKS Industrial Area, Ringus, Sikar district, reaffirming the laboratory’s technical competence, precision, and reliability in testing operations. The certification is valid until January 11, 2030. Accreditation DetailsParticularsDetailsFacilityQuality Control Laboratory, Unit-4LocationRingus, Sikar, RajasthanAccreditation StandardISO/IEC 17025:2017FieldTestingCertificate...

Bhubaneswar, January 12, 2026: IndiQube Spaces Limited has entered Bhubaneswar, marking its debut in Odisha and taking its operational footprint to 17 cities across India. The move strengthens the company’s presence in East India, with Bhubaneswar becoming its second city in the region after Kolkata.The new centre spans over 45,000 square feet and is located at Patia Infocity, one of Bhubaneswar’s most prominent IT and commercial hubs. The facility is designed to cater to startups, global capability centres, and large enterprises seeking flexible, technology-enabled office infrastructure in emerging urban markets.Focus on High-Growth Tier II Markets With this expansion, IndiQube continues to deepen its exposure to high-potential...

Noida, January 12, 2026: HCL Technologies Ltd (HCLTech) announced a multi-year strategic partnership with The Magnum Ice Cream Company (TMICC) to modernize and manage its global digital foundation, marking a key technology milestone as TMICC advances its journey as an independent, listed ice cream major.Under the partnership, HCLTech will design, build, and operate a future-ready IT infrastructure for TMICC, deploying its proprietary AI Force platform to embed artificial intelligence across the company’s digital ecosystem. The engagement is focused on creating scalable, resilient, and autonomous IT operations to support TMICC’s global business.Focus on AI-First, Autonomous Operations As part of the engagement, HCLTech will help...

New Delhi, January 12, 2026: Maruti Suzuki India Limited (NSE: MARUTI | BSE: 532500) has approved the acquisition of land at Khoraj Industrial Estate in Gujarat to support a significant expansion of its vehicle manufacturing capacity, reinforcing the company’s long-term growth strategy amid rising domestic and export demand.Capacity Expansion Plan The proposed project is designed to add up to 1 million units to Maruti Suzuki’s annual production capacity. The timeline and phased installation plan for the new capacity will be finalized by the board as the project progresses.Current Manufacturing Footprint Maruti Suzuki currently operates manufacturing facilities across Gurugram, Manesar, Kharkhoda, and Hansalpur, with an installed...

Bengaluru, January 12, 2026: Hinduja Global Solutions Limited (HGS) has announced the launch of AMLens, a next-generation, AI-powered platform designed to accelerate and simplify anti-money laundering investigations for financial institutions. The solution is aimed at addressing persistent industry challenges such as alert fatigue, fragmented data, and time-intensive manual reviews. Transforming AML Operations with Explainable AI AMLens combines machine learning and natural language processing to support AML teams across the full investigation lifecycle, from detection and triage to contextualization and narrative generation. Built on explainable AI principles and a human-in-the-loop framework, the platform enables transparent...

Mumbai, January 12, 2026: Kotak Mahindra Bank Limited has announced the appointment of Anup Kumar Saha as an Additional Director and Whole-time Director Designate, marking a key leadership development at the private sector lender.The Board approved Mr. Saha’s induction at its meeting held on Monday. He assumes the role of Whole-time Director Designate and Senior Management Personnel with immediate effect, and will transition into the position of Whole-time Director (Executive Director) for a three-year term upon completion of the necessary formalities. Following this transition, he will also be classified as a Key Managerial Personnel of the bank.Leadership Profile and Experience Mr. Saha brings more than three decades of...

Bengaluru, January 12, 2026: Biocon Limited on Monday announced a key regulatory milestone in its global formulations business, as its wholly owned subsidiary Biocon Pharma Limited received approval from the U.S. Food and Drug Administration for Everolimus Tablets for Oral Suspension across multiple strengths.The approval covers Everolimus Tablets for Oral Suspension in 2 mg, 3 mg and 5 mg dosages, marking a significant addition to Biocon’s growing portfolio of complex oral solid and specialty formulations for regulated markets.Product Indication and Therapeutic Use Everolimus Tablets for Oral Suspension are indicated for the treatment of adult and pediatric patients aged one year and above diagnosed with Tuberous Sclerosis Complex...

Kolkata, January 12, 2026: Websol Energy System Limited (BSE: 517498, NSE: WEBELSOLAR) has received approval from the Government of Andhra Pradesh for setting up a greenfield 4 GW solar cell and 4 GW solar module manufacturing facility at the Multiproduct Special Economic Zone (MPSEZ), Naidupeta, in Tirupati district. The clearance marks a major step in the company’s capacity expansion strategy and strengthens its manufacturing footprint in India’s renewable energy sector.Project Overview and Investment Support The proposed facility will be developed at MPSEZ Naidupeta and follows a Memorandum of Understanding signed with the Andhra Pradesh Economic Development Board in November 2025. As part of the approval, the state government has...

Mumbai, January 11, 2026 – Indian Oil Corporation Limited announced changes across its senior management team, with the induction and role realignment of several executives at the corporate office, refinery headquarters, state offices, and business development units. The changes bring experienced leaders into key operational, strategic, and functional roles across the organisation. The appointments span core areas such as health, safety and environment, human resources, projects, operations, finance, corporate strategy, marketing, petrochemicals, and state-level leadership, strengthening Indian Oil’s management depth across its nationwide operations. Senior Management Appointments and ProfilesNameDesignationExperience Snapshot...

Mumbai, January 10, 2026 – Lloyds Engineering Works Limited (BSE: 539992, NSE: LLOYDSENGG) has entered into a purchase and licensing agreement with The Materials Works Limited, a Delaware-incorporated company based in the United States, to design, manufacture, and sell advanced acid-less steel pickling systems globally.The agreement enables Lloyds Engineering to commercially deploy the proprietary Eco Pickled Surface Generation 4 technology, an environmentally sustainable steel surface treatment solution developed and patented by The Materials Works over more than a decade of research and industrial application.Scope of the Agreement and Geographic Coverage Under the terms of the purchase agreement, Lloyds Engineering will have the...

Appellate Authority Upholds Monetary Penalty IndiGo has said that an appellate authority has rejected its appeal against penalties imposed on two of its senior executives, leading to the restoration of fines levied earlier. The decision relates to penalties imposed on the airline’s Director Flight Operations and Director Training.The appellate authority, through an order dated January 7, dismissed the appeal and reinstated the monetary penalty of Rs 20 lakh each on the two executives.Background to the Case The penalties were originally imposed in September last year for alleged failure to use qualified flight simulators for pilot training at certain airports classified as Category C. Such airports are considered operationally...

Banking Arrangement Comes Into Effect From January 9, 2026 The Reserve Bank of India has fixed the Ways and Means Advances (WMA) limit for the Delhi government at Rs 890 crore, effective January 9, 2026, to support the administration in managing temporary mismatches between receipts and payments.Agreement Signed for General Banking Operations Earlier this week, the central bank entered into an agreement with the Government of the National Capital Territory of Delhi (GNCTD) to undertake the city government’s general banking business. The arrangement formally came into force on Friday, January 9, 2026.Aggregate WMA Limit Revised for States and UTs Following the fixation of the WMA limit for Delhi, the aggregate WMA limit for all State...

Mumbai, January 9, 2026 – Muthoot Microfin Limited has settled a provident fund-related issue after remitting penal damages amounting to ₹40.08 lakh, bringing the matter to a close.Background of the Matter The issue arose from delays in remitting provident fund contributions, with the major portion linked to the nationwide lockdown period in April 2020. During this phase, the company’s offices and branches remained shut. To support employees amid the disruption, Muthoot Microfin extended advance salaries to its workforce.Accounting Treatment and Remittance Timeline The advances provided during the lockdown were formally accounted for as salary in February 2021. Following this accounting treatment, the company remitted the...