Business

16 May

Tata Motors to Roll Out Sierra EV in Multi-Car Offensive to 2026

anuprovaBusiness

Tata Motors is preparing for a big product push in 2026, led by the highly anticipated launch of the all-new Tata Sierra EV. Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles, confirmed during a recent earnings call that the iconic Sierra EV would be launched in the second half of FY 2026-27. The flagship electric SUV is designed to combine retro boxiness with contemporary EV traits, including sealed body lines, unique LED light signatures and the potential for dual-motor AWD configurations. In order to overcome present waiting times, the company has been working aggressively on its supply chain to increase…

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15 May

Adani Settles U.S. Regulatory Charges for $18 Million

anuprovaBusiness

Gautam Adani and his nephew Sagar Adani have agreed to a proposed settlement with the U.S. Securities and Exchange Commission (SEC) to resolve a civil fraud case over alleged bribery and misleading statements. The two will pay a combined $18 million in civil penalties under terms filed in a New York federal court on May 15, 2026—$6 million from Gautam Adani, $12 million from Sagar Adani. Notably, the settlement allows them to resolve the matter without admitting or denying the SEC’s allegations that they devised a scheme to bribe Indian officials to obtain lucrative contracts to provide solar energy while…

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14 May

Chocolates top Mother’s Day gifting charts in Kolkata, home décor demand rises

Business BureauBusiness

Kolkata witnessed a strong surge in chocolate purchases this Mother’s Day, with the city emerging as one of India’s biggest markets for thoughtful and home-focused gifting trends, according to Instamart’s Mother’s Day Gifting Trends 2026 report released on May 13.The report showed that chocolates remained the most preferred gifting option in Kolkata, while products such as candles, diffusers and home décor items also recorded strong growth as consumers shifted towards warm at-home celebrations. Across India, gifting patterns reflected a move from simple presents to more thoughtful and care-first choices.Flowers continued to dominate early morning purchases, while cakes peaked during evening…

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14 May

Zydus Lifesciences Bolsters US Specialty Portfolio with ₹1,570 Crore Assertio Acquisition

nanikaBusiness

In a major move to expand its international footprint, Indian pharmaceutical giant Zydus Lifesciences has announced the acquisition of U.S.-based Assertio Holdings. The deal, valued at approximately $166.4 million—roughly 1,570 crore rupees—is a strategic step to solidify Zydus’ presence in the world’s largest healthcare market. The acquisition will be executed through Zydus’ subsidiary, Zydus Worldwide DMCC, and its vehicle, Zara Merger Sub Inc. Under the terms of the all-cash agreement, Zydus will offer $23.50 per share. This bid represents a significant premium over previous offers from Garda Therapeutics, which Assertio’s board recently abandoned in favor of Zydus’ superior value and…

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14 May

India’s AI-led startup surge sparks rise of ‘Portfolio Careers’: LinkedIn report

Business BureauBusiness

India is witnessing a major transformation in its entrepreneurial landscape, with artificial intelligence accelerating the rise of new-age founders and flexible “portfolio careers,” according to a new report released by LinkedIn on May 12. The platform reported a 104 per cent year-on-year rise in members adding “Founder” to their profiles in India, marking the highest growth among global markets. The report showed that Gen Z entrepreneurs are leading the shift away from traditional career models, with 75 per cent managing multiple income streams compared to 62 per cent of Gen X founders. LinkedIn said AI and digital tools are lowering…

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14 May

Berger Paints Q4 profit jumps 38% as demand recovery lifts margins

Business BureauBusiness

Berger Paints India Ltd reported a strong rise in fourth quarter earnings for FY26, supported by robust volume growth, improved product mix and softer raw material prices amid gradually improving market demand. The company posted a 38.1 per cent year-on-year increase in standalone net profit at Rs 327.3 crore for the quarter ended March 31, 2026, compared to Rs 236.9 crore in the same period last year. Standalone revenue from operations rose 6.7 per cent to Rs 2,504 crore, while EBITDA climbed 17.8 per cent to Rs 458.7 crore. Berger Paints said volume growth stood at 11.8 per cent despite…

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14 May

Cipla Sees Strategic Product Pipeline Driving FY27 Recovery Despite Soft U.S. Earnings

anuprovaBusiness

Indian pharma major Cipla is looking at a high-risk recovery plan for FY27, after a tough fourth quarter, that saw its consolidated net profit plummet 54.6% to ₹5.55 billion. The decline in earnings was primarily driven by a 26% year-on-year decline in North America revenues to ₹14.14 billion, as the company faced intense generic competition and a lack of high-margin assets. Performance was further hit by a ₹420 million impairment charge and a suspension of sales of key cancer drug Lanreotide due to regulatory issues at a partner facility. These setbacks notwithstanding, the company continued to see the domestic market…

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14 May

Tata Motors drives record FY26 growth, CV business posts sharp rise in revenue and profit

Business BureauBusiness

Tata Motors reported record financial results for Q4 and the full financial year FY26, driven by strong commercial vehicle demand, higher exports, improved realizations and disciplined cost management. The company’s standalone commercial vehicle revenue for Q4 FY26 rose 22 per cent year-on-year to ₹24,452 crore, while EBITDA increased 35 per cent to ₹3,400 crore with margins improving to 13.9 per cent. Profit before tax surged 58 per cent to ₹2,972 crore, while quarterly profit after tax climbed 70 per cent to ₹2,400 crore. For the full year FY26, standalone revenue stood at ₹77,399 crore, up 11 per cent, while EBITDA…

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14 May

AI could inject $500 billion into Indian economy by 2030, says IBM-IndiaAI report

Business BureauBusiness

Artificial Intelligence (AI) is expected to become a major growth engine for India’s economy, with a new joint study by the IBM Institute for Business Value and IndiaAI projecting that AI could contribute more than $500 billion to India’s economy by 2030. The report, titled “From Promise to Power: How AI is Redefining India’s Economic Future,” said 80 per cent of Indian business leaders believe AI investments will directly shape the nation’s GDP growth, while 73 per cent expect India to emerge as a leading global AI nation by the end of the decade. However, 72 per cent of organizations…

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14 May

P&G Health, IMA launch India’s first patient recovery guidelines in Tripura

Business BureauBusiness

P&G Health, in collaboration with the Indian Medical Association (IMA), has launched India’s first patient recovery guidelines for doctors titled “Clinical Application of Micronutrients in Recovery” at an event in Agartala. The evidence-based guidebook focuses on the role of micronutrients, particularly B-complex vitamins, in improving recovery outcomes among patients suffering from acute illnesses, chronic diseases, surgical conditions and paediatric health issues. Developed and reviewed by a multidisciplinary panel of medical experts, the guidelines aim to standardise recovery protocols across the country. The document explains how micronutrients support inflammation control, tissue repair, immune response and oxidative stress management during recovery. It…

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