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21 May

Adani Power Expands Energy Portfolio with ₹4,194 Crore Jaiprakash Acquisition

nanikaBusiness

In a major move within the Indian energy sector, Adani Power has finalized definitive agreements to acquire a 24 percent stake in Jaiprakash Power Ventures Limited, alongside other key thermal assets from Jaiprakash Associates Limited. The total consideration for the mega-deal is valued at approximately ₹4,193.59 crore. According to recent regulatory filings, Adani Power executed a formal Share Purchase Agreement to secure the 24 percent shareholding of JPVL currently held by JAL. The financial layout for this specific equity acquisition stands at ₹2,993.60 crore. Beyond the equity stake, Adani Power has also signed a comprehensive Business Transfer Agreement. This separate…

20 May

ASCI Releases Draft Guidelines for Responsible Labelling of AI-Generated Content in Advertising

Business BureauBusiness

The Advertising Standards Council of India (ASCI) on Tuesday released draft guidelines for the responsible labelling of Artificial Intelligence (AI)-generated content in advertising, amid growing use of AI-powered campaigns by brands across sectors.The proposed guidelines, aligned with the amended Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2026, aim to ensure transparency for consumers while avoiding excessive disclosure requirements that may lead to “label fatigue.”ASCI said the framework follows a risk-based approach, focusing on consumer impact rather than regulating the technology itself. According to the draft, AI-generated advertising would be considered misleading or harmful if it creates false…

20 May

ABD clocks record FY26 earnings, ICONiQ white crosses 10 million cases

Business BureauBusiness

Allied Blenders and Distillers Limited (ABD) reported record financial results for FY26, driven by strong premium portfolio growth, luxury expansion and rising global presence. The company posted its highest-ever annual EBITDA of ₹568 crore, up 25.8 per cent from ₹451 crore in FY25, while PAT rose 13 per cent to ₹220 crore. Income from operations increased 11.5 per cent to ₹3,949 crore. In Q4FY26, ABD recorded its seventh consecutive profitable quarter post listing, with revenue rising 9.1 per cent to ₹1,020 crore. Quarterly EBITDA touched an all-time high of ₹182 crore, while EBITDA margin improved to 17.9 per cent. However,…

20 May

Asia’s Only Listed Dialysis Chain, NephroPlus, Aims for Global Network Status in 5 Years

nanikaBusiness

India-based renal care major NephroPlus is rapidly transforming into a global powerhouse, with international markets now driving the company’s growth and profitability. Currently Asia’s only listed dialysis company—and one of just three globally—the Hyderabad-headquartered network is aggressively expanding its footprint far beyond its home market. Following the announcement of its FY26 financial results, group CEO Rohit Singh stated that the company aims to be recognized as a truly global dialysis network within the next five years. NephroPlus, which is already the world’s fifth-largest dialysis network by scale, operates over 520 clinics across India, the Philippines, Saudi Arabia, Uzbekistan, and Nepal.…

20 May

CenturyPly reclaims 30% IT workload with ManageEngine-led digital transformation

Business BureauBusiness

Century Plyboards India Limited (CenturyPly) has consolidated its IT operations using enterprise management solutions from ManageEngine, a division of Zoho Corporation, helping the company reclaim nearly 30 per cent of its IT workload while significantly improving operational efficiency and cybersecurity monitoring. The company said the deployment eliminated more than 50 daily password-related help desk calls and automated the onboarding of 70–100 employees every month. CenturyPly, which operates multiple manufacturing plants and regional offices across India, had been facing operational challenges due to fragmented IT systems and rising workforce expansion. According to the company, engineers earlier spent hours manually creating Active…

20 May

Tata AIA declares record Rs 2,173 crorebonus for policyholders in FY26

Business BureauBusiness

Tata AIA Life Insurance has announced its highest-ever bonus payout of ₹2,173 crore for participating (Par) policyholders for the financial year ending March 31, 2026, marking an 18 per cent increase over last year’s ₹1,842 crore payout. The insurer said over 8.74 lakh policies will benefit from the record declaration.The company stated that the bonus has been declared across eligible participating insurance plans, including Smart Value Income Plan, Shubh Flexi Income Plan, ShubhMaha Life, Diamond Savings Plan and Value Income Plan.Commenting on the development, Kshitij Sharma, Appointed Actuary at Tata AIA Life Insurance, said, “We are proud to announce yet…

20 May

Bandhan Bank launches premium savings accounts for NRI customers

Business BureauBusiness

Bandhan Bank has launched a new range of premium savings accounts for its non-resident Indian (NRI) customers, aiming to strengthen its premium banking portfolio with enhanced lifestyle and financial benefits. The bank on Sunday introduced Elite, Elite Plus and Legacy Savings Accounts designed to offer a refined banking experience for global customers. The newly launched accounts come with several premium features, including unlimited free cash deposits every month and complimentary RTGS, NEFT and IMPS transactions. The Legacy account offers additional benefits such as accelerated reward points, three domestic and two international airport lounge accesses per quarter, zero forex markup and…

19 May

Yamaha targets premium mobility growth with Kolkata ‘Call of the Blue’ showcase

Business BureauBusiness

The Yamaha Motor India Group strengthened its premium mobility outreach in eastern India by hosting ‘The Call of the Blue’ Weekend event in Kolkata on May 17, attracting more than 3,000 riders, enthusiasts and fans to ECO Park Gate 4 in Newtown. The event formed part of Yamaha’s broader strategy to deepen engagement with India’s growing community of performance motorcycle and scooter buyers. The showcase featured activities such as Gymkhana rides, slow balancing challenges, gaming arenas and safety riding classes, allowing both Yamaha and non-Yamaha users to interact with the brand’s performance-oriented lineup. Yamaha also organised immersive gaming experiences and…

19 May

PepsiCo India Announces Massive ₹5,700 Crore Expansion Drive by 2030

nanikaBusiness

Food and beverages giant PepsiCo India has announced a major investment plan of up to ₹5,700 crore by 2030. The massive capital injection will primarily focus on ramping up the manufacturing capacity of its foods business across the country. Speaking on the initiative, PepsiCo’s India and South Asia CEO, Jagrut Kotecha, emphasized that India remains one of the company's top 13 global markets, offering immense potential driven by rising consumer incomes and a stable economic environment. The planned investment will be directed toward three key manufacturing facilities. These include a strategic concentrates plant in Madhya Pradesh and advanced snacks plants…

19 May

Expectation Mounts for a Massive Capital Transfer from RBI to the Central Government

anuprovaBusiness

The Reserve Bank of India (RBI) is highly anticipated to approve a substantial dividend payout to the Indian government for the fiscal year 2023-2024. This potential fiscal windfall is expected to surpass the government's initial budget estimates, providing a significant boost to the Centre's financial position. The primary drivers behind this projected surge in surplus income include elevated earnings from foreign exchange interventions, substantial interest income generated from global assets, and robust returns on domestic government security holdings. As international interest rates remained elevated throughout the year, the central bank's foreign currency assets yielded much higher returns compared to previous…