Business

New Delhi, January 2, 2026 – Affle 3i Limited (NSE: AFFLE, BSE: 542752) on Friday announced the appointment of Sameer Sondhi as Chief Executive Officer, North America, alongside an expanded mandate as Chief Strategic Investments Officer, marking a key leadership move to accelerate growth in developed markets.The appointment comes as part of Affle’s long-term expansion strategy focused on scaling its presence in North America while strengthening both organic growth and selective strategic investments aligned with its 3i vision of Innovation, Impact, and Intelligence.Leadership Mandate and Strategic Focus In his dual role, Sondhi will oversee Affle’s North American operations and lead the company’s strategic investment initiatives...

Chennai, January 2 Indowind Energy Limited has announced a series of financial and operational actions aimed at strengthening its balance sheet and accelerating execution in the renewable energy segment.Debt Reduction Through Rights Issue Proceeds The company has utilised funds raised through its recently completed rights issue to pare down legacy liabilities. This includes repayment of ₹1,163 lakh towards loans taken from corporate promoters and approximately ₹925 lakh towards outstanding dues payable to LIC under general corporate purposes. These repayments have led to a material reduction in overall liabilities on the balance sheet.Lower Finance Costs and Improved Financial Flexibility With the repayment of these obligations...

Mumbai, January 02, 2026: Tembo Global Industries Limited (NSE: TEMBO) said its wholly owned subsidiary Tembo Classic Engineering Private Limited has received a defence manufacturing licence to set up a small arms manufacturing facility in Maharashtra, marking a key milestone in the group’s entry into India’s defence manufacturing space.Tembo Classic Engineering Private Limited, formerly known as Tembo Defence Products Private Limited, received the approval from the Government of Maharashtra. The development enables the company to move ahead with its plans to establish a dedicated small arms manufacturing unit in the state.The proposed facility is planned in collaboration with MIDC, Mumbai, following a memorandum of understanding...

Hyderabad, January 2, 2026: Apollo Micro Systems Limited (BSE: 540879 | NSE: APOLLO) has secured a fresh defence order valued at ₹25.79 crore, providing a meaningful boost to its executable order pipeline at the start of calendar year 2026. Order Details and Execution Timeline The company has been declared the lowest bidder for the order by a defence public sector undertaking. The contract, awarded in the normal course of business, is scheduled to be executed over a period of 18 months. The scope of the order aligns with Apollo Micro Systems’ core capabilities in defence and aerospace electronics, an area that continues to see steady demand.ParticularsDetailsOrder value₹257.89 millionCustomerDefence public sector undertaking...

Bengaluru, January 2, 2026: Infosys Limited on Thursday disclosed that it has received a communication for collection of a tax-related penalty amounting to ₹40.72 lakh, linked to an alleged mismatch in GST filings for the financial year 2018-19.The communication was received on January 1, 2026 at 10:30 IST from the office of the Deputy Commissioner of Commercial Taxes. The demand pertains to an alleged under-declaration of turnover arising from discrepancies in credit notes reported between GSTR-1 and GSTR-9 filings for FY19.Financial Impact Remains Non-Material Infosys clarified that the penalty demand does not have any material impact on its financial position, operations, or other business activities. The company stated that the...

Pune, January 2, 2026 – Bajaj Auto Limited (BSE: 532977, NSE: BAJAJ-AUTO) reported a solid 14 percent year-on-year growth in total vehicle sales for December 2025, supported by strong export performance across both two-wheelers and commercial vehicles. December 2025 Sales Performance In December, Bajaj Auto sold a total of 3,69,809 units, compared with 3,23,125 units in December 2024. Segment-wise Sales Comparison (Units)ParticularsDec 2025Dec 2024Change (%)Two-Wheelers – Domestic1,32,2281,28,3353Two-Wheelers – Exports1,78,1251,43,83824Two-Wheelers – Total3,10,3532,72,17314Commercial Vehicles – Domestic37,14534,0859Commercial Vehicles – Exports22,31116,86732Commercial Vehicles – Total59,45650,95217Overall...

New Tax Structure Replaces GST Compensation Cess The government has notified February 1, 2026, as the date from which additional excise duty on tobacco products and a health and national security cess on pan masala will come into force. This new framework replaces the existing GST compensation cess that has been levied on these products so far.Under the revised structure, the new levies will apply over and above the Goods and Services Tax. Tobacco products and pan masala will attract a 40 percent GST rate, while biris will continue to be taxed at 18 percent GST, with the additional levies imposed on top of these rates.MRP Based Valuation Introduced for Tobacco Products A new valuation mechanism has been introduced for certain...

Chennai, January 1, 2026: Ashok Leyland Ltd (NSE: ASHOKLEY | BSE: 500477) reported a strong rebound in vehicle sales for December 2025, driven by sharp growth across medium and heavy commercial vehicles and sustained momentum in the bus segment, reflecting improving demand conditions toward the end of the calendar year. December 2025 Sales Performance (Domestic) Ashok Leyland’s domestic volumes rose sharply on a year-on-year basis, with total vehicle sales climbing 26 percent during the month.CategoryDecember 2025December 2024YoY ChangeM&HCV Trucks11,3878,979+27%M&HCV Buses2,1661,509+44%Total M&HCV13,55310,488+29%LCV6,3025,225+21%Total Vehicles19,85515,713+26%The bus segment remained a standout performer, supported...

New Delhi, January 1, 2026: Hi-Tech Pipes Limited (NSE: HITECH | BSE: 543411) reported its highest-ever quarterly sales volume in the third quarter of FY26, underlining sustained demand across infrastructure-led segments and steady execution across operations. Record Quarterly Performance The company achieved a sales volume of 1,36,067 metric tonnes (MT) in Q3 FY26, marking a strong improvement on both a year-on-year and sequential basis. Sales Volume ComparisonParticularsSales Volume (MT)Q3 FY251,24,233Q2 FY261,25,218Q3 FY261,36,067On a year-on-year basis, volumes increased by approximately 10 percent, while quarter-on-quarter growth stood at around 9 percent, reflecting consistent momentum despite a challenging...

December Sales Surge Marks Strong Finish to 2025 Kia India reported a sharp rise in wholesale sales in December, delivering 18,659 units during the month. This marked an over two-fold increase compared to 8,957 units sold in December 2024, making it the company’s best-ever December performance since inception.The strong showing reflected improved consumer sentiment and sustained customer demand across the portfolio, supported by focused retail execution and operational improvements.Calendar Year 2025 Volumes Rise 15 Percent For the full calendar year 2025, Kia India posted total wholesale volumes of 2,80,286 units. This compares with 2,45,000 units sold in calendar year 2024, translating into a year-on-year growth of 15 percent...

Strong Annual Performance Driven by ICE and EV Demand JSW MG Motor India reported a 19 percent year on year increase in sales in calendar year 2025, with total volumes reaching 70,554 units compared with the previous year. The performance reflects sustained demand across the company’s internal combustion engine and electric vehicle portfolios.December Wholesale Volumes Remain Steady In December 2025, the company recorded wholesale sales of 6,500 units, indicating stable momentum toward the end of the year. Demand remained balanced across product segments, supporting overall annual growth.MG SELECT Channel Sees Sharp Growth The company’s luxury retail channel, MG SELECT, delivered a strong performance during the month. Wholesale...

Sales More Than Double Compared to 2024 Skoda Auto India recorded its strongest-ever sales performance in the country in 2025, with total vehicle sales rising to 72,665 units. This marks a more than two-fold increase compared with 35,166 units sold in 2024.The performance was achieved during the company’s 25th year of operations in India, making 2025 a landmark year in its domestic journey.Anniversary Year Marked by Portfolio and Network Expansion Commenting on the milestone, Brand Director Ashish Gupta said the anniversary year reflected the brand’s most enhanced and diverse product portfolio to date. He added that the company is currently at its widest in terms of network expansion and market presence across the country.The...

Chennai, January 1, 2026: Eicher Motors Limited-owned Royal Enfield reported robust momentum in December 2025, posting motorcycle sales of 1,03,574 units, marking a 30% year-on-year increase compared with 79,466 units in the same month last year. The performance capped a strong finish to the calendar year, supported by sustained domestic demand across core models. Monthly Performance Snapshot Royal Enfield’s growth in December was led by the domestic market, while exports moderated during the month.SegmentDecember 2025December 2024YoY ChangeDomestic93,17767,891+37%Exports10,39711,575-10%Total1,03,57479,466+30%Year-to-Date Sales Strength On a year-to-date basis (April to December), Royal Enfield continued to scale up...

New Delhi, January 1, 2026: Maruti Suzuki India Limited (MSIL) reported strong sales performance in December 2025, with total vehicle dispatches rising 22 percent year-on-year to 2,17,854 units, compared with 1,78,248 units in December 2024. The growth was led by robust domestic demand, which touched a new monthly record. December 2025 Sales SnapshotParticularsDecember 2025 (Units)December 2024 (Units)Domestic Passenger Vehicles1,78,6461,30,117Light Commercial Vehicles3,5192,406Total Domestic Sales1,82,1651,32,523Sales to Other OEMs9,9508,306Exports25,73937,419Total Sales2,17,8541,78,248Domestic sales at 1,82,165 units marked the highest-ever monthly domestic volume for the company, supported by steady demand...

Mumbai, January 1, 2026 – 5paisa Capital Limited (BSE: 540776, NSE: 5PAISA) has received an assessment order confirming a tax demand of ₹31.97 lakh, including interest and penalties, for the financial year 2021–22.Details of the Assessment The order relates to allegations of incorrect declaration of tax liability and availing of excess and ineligible input tax credit for the stated period. The total demand quantified stands at ₹31,97,477, which includes applicable interest and penalties.The company received the order on December 31, 2025, and is currently evaluating the matter.Company Response and Financial Impact 5paisa Capital has stated that it intends to challenge the order through an appeal within the prescribed timelines...

Noida, January 1, 2026: APL Apollo Tubes Limited (NSE: APLAPOLLO, BSE: 533758) reported its highest-ever quarterly sales volume in the third quarter of FY26, reflecting sustained demand across its building material and structural steel product portfolio. Q3FY26 Performance Snapshot The company recorded a sales volume of 916,976 tonnes in Q3FY26, marking a 11 percent year-on-year growth over 828,200 tonnes in Q3FY25 and a 7 percent sequential increase compared with 855,037 tonnes in Q2FY26. For the nine-month period ended December 2025, cumulative sales volume stood at 2,566,363 tonnes, registering an 11 percent YoY growth over 2,307,531 tonnes in the corresponding period of the previous year. Sales Volume ComparisonPeriodSales Volume...

Chennai, January 1, 2026: Karur Vysya Bank Ltd (NSE: KARURVYSYA | BSE: 590003) reported steady business momentum for the quarter ended December 2025, with total business rising to ₹2,11,643 crore, marking a year-on-year growth of 16.29 percent. The bank continued to deliver balanced expansion across deposits and advances, supported by sustained credit demand and stable deposit mobilisation during the quarter. Business Performance Snapshot (₹ crore)ParticularsDec 31, 2024Dec 31, 2025 (Provisional)YoY Growth (%)Sep 30, 2025QoQ Growth (%)Total Business1,81,9932,11,64316.292,03,2164.15Total Deposits99,1551,14,59515.571,10,4923.71Advances82,83897,04817.1592,7244.66CASA28,16731,19910.7630,5552.11Deposit and Credit Growth...

Rajkot, January 1, 2026: Atul Auto Limited (BSE: 531795 | NSE: ATULAUTO) reported a solid improvement in its three-wheeler sales performance for December 2025, supported by higher volumes in both internal combustion engine and electric vehicle segments, with overall momentum remaining positive in the ongoing financial year. Monthly Sales Performance During December 2025, Atul Auto recorded total domestic sales of 2,925 units, marking a 15.93 percent year-on-year growth compared with 2,523 units sold in December 2024. Domestic Sales Break-up (Units)Segment Dec-25 Dec-24 YoY Change3W – IC Engine 2,339 2,076 12.67%EV – L3 458 354 29.38%EV – L5 128 93 37.63%...

Kolkata, January 1 – Coal India Limited (CIL) reported a mixed performance in coal production and offtake for December 2025 and the April to December 2025 period, with month-on-month strength offset by a marginal decline on a cumulative basis.December 2025 Performance Coal India’s total coal production in December 2025 stood at 75.7 million tonnes, marking a 4.6 percent increase compared with 72.4 million tonnes produced in December 2024. The improvement was largely supported by stronger output from South Eastern Coalfields Limited and stable performance at Mahanadi Coalfields Limited.Total coal offtake during the month came in at 64.9 million tonnes, lower than 68.5 million tonnes recorded in the same month last year, reflecting a...

Hyderabad, January 1, 2026: EQUIPPP Social Impact Technologies Ltd (BSE: 590057, NSE: EQUIPPP) has hosted a sandbox session aimed at fine-tuning the design and operating framework of its proposed Constituency Development Exchange (CDX) and AI-Social Tech Professionals initiative, as the company moves closer to a broader institutional rollout.Focused Dialogue Ahead of Institutional Rollout The session was held at IIIT Hyderabad on December 30, 2025, and served as a preparatory dialogue to align stakeholder expectations and gather inputs from lawmakers, domain experts, diaspora leaders, investors, and representatives from the social impact ecosystem. The engagement was structured to refine how CDX and AI-Social Tech Professionals can...