🗞️ Daily Business Brief – JULY 16, 2026
- Maruti Suzuki: To challenge the Raipur Consumer Commission order directing replacement of a customer’s vehicle with a new E20-compatible model.
- RBI: Bars banks and NBFCs from selling acquired stressed assets back to defaulting borrowers or related parties; new stressed asset norms effective from October 1, 2026.
- Tech Mahindra: Q1 profit missed Street estimates despite strong sequential growth, margin expansion, and deal wins exceeding $1 billion for the third consecutive quarter.
- Wipro: Q1 constant currency revenue declined 1.2%, weaker than peers TCS and HCLTech; added nearly 900 employees, extending net hiring to a fourth consecutive quarter.
- Hexaware Technologies: Partners with Factory to deliver AI agent-native software development solutions for global enterprise clients.
- HCLTech: Signs a seven-year strategic agreement with Guardian Life and will acquire Guardian India GCC, adding nearly 2,000 employees.
- Sky Gold & Diamonds: Subsidiary suffered an estimated ₹10.7 crore fraud due to the compromise of an employee’s company-issued mobile phone and laptop.
- Havells India: To invest approximately ₹255 crore to expand cable manufacturing capacity at its Karnataka facility.
- PC Jeweller: Board approves raising up to ₹1,000 crore through QIP, subject to shareholder and regulatory approvals.
- India Semiconductor Mission 2.0: Spotlight on the ₹1.27 lakh crore semiconductor mission aimed at strengthening India’s chip manufacturing ecosystem.
- Hero MotoCorp: Enters Germany through a partnership with KSR Group, expanding its global footprint to 53 countries.
- Waaree Energies: Subsidiary commences 5.15 GWh Battery Energy Storage System (BESS) container manufacturing facility.
- AstraZeneca Pharma: Receives CDSCO approval for Fasenra (Benralizumab) injection for treating Hypereosinophilic Syndrome (HES) in India.
- BCPL Railway Infrastructure: Emerges as L1 bidder for Eastern Railway’s Howrah division OHE reliability enhancement project.
- JSW MG Motor: Unveils India’s first multi-NEV platform supporting EV, hybrid and plug-in hybrid vehicles, with launches planned in FY27.
- Ministry of Power: Releases Draft CAFE-III fuel efficiency norms for consultation, proposed to take effect from April 1, 2027.
- Government: To introduce the Income Tax (Amendment) Bill in the Monsoon Session replacing the ordinance exempting foreign investors on G-Sec interest and capital gains.
- Indian Railways: PM Modi to flag off India’s first hydrogen-powered train in Haryana on July 17.
- Servotech Renewable Power System: Wins a 900 kW solar rooftop project from the Uttar Pradesh Rural Development Department.
- Andhra Sugars: Commissions a 1.5 MW captive solar power plant at its Tanuku manufacturing facility.
- Food Processing Sector: Government targets increasing food processing levels to 25% by 2031 through policy support and investments.
- Oil Marketing Companies: Petrol and diesel sales surged 22.9% in the first half of July to 1.63 million tonnes.
- Coal India: Commissions 200 MW of its 300 MW Khavda Solar Project in Gujarat.
- Premier Energies: Incorporates wholly owned subsidiary Premier Battery Technologies to strengthen its battery business.
- ELGi Equipments: Receives tariff refund of US$2.68 million (approximately ₹25.6 crore) from U.S. Customs and Border Protection.
- Gaudium IVF: Launches AI-powered Signature Labs as part of its 19-centre expansion plan.
- Shyam Metalics: Commissions aluminium foil manufacturing facility in Odisha; aluminium FRP plant remains on track for September launch.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
