🗞️ Daily Business Brief – JULY 08, 2026
- TVS Motor partners with Indian Oil Corporation to strengthen sustainable last-mile LPG cylinder distribution across India using commercial mobility solutions.
- NALCO signs a 50:50 joint venture with NLC India to develop a 1,080 MW captive thermal power plant at Angul, Odisha for aluminium smelter expansion.
- Oil Marketing Companies remain in focus after fresh geopolitical tensions as US President Donald Trump hinted at possible military action against Iran, raising concerns over crude oil prices.
- Mahindra & Mahindra announces a price hike effective July 10, increasing SUV prices by 2.7% and commercial vehicle prices by 2%.
- TCS is set to announce its Q1 FY27 earnings on July 9, with investors closely watching deal wins, AI business, and margin performance.
- IRB Infrastructure Developers reports record June toll collections of ₹808 crore, up 28% YoY.
- Aditya Infotech says Avathon Inc. and SparkCognition India have initiated arbitration proceedings before the ICC, New York.
- Crompton Greaves Consumer Electricals receives an additional order from MSEDCL, taking the total contract value to ₹64.99 crore (excluding GST).
- HFCL launches OptiQ AI as the unified brand identity for its integrated optical connectivity portfolio.
- IMF projects India to remain among the world’s fastest-growing major economies with GDP growth of 6.4% in FY27.
- Enforcement Directorate (ED) freezes ₹440 crore worth of bank deposits linked to TMC under the Prevention of Money Laundering Act (PMLA).
- Ceigall India emerges as L1 bidder for a ₹704.70 crore road construction project from the Ministry of Road Transport & Highways in Arunachal Pradesh.
- Government of India begins consultations for the next phase of the Production Linked Incentive (PLI) scheme for the food processing sector.
- DRDO successfully tests the long-range guided Pinaka rocket, accurately hitting targets at a range of 60 km.
- JSW Energy commissions 1,081 MW of renewable capacity since April, taking total installed capacity to 14,535 MW, with renewables accounting for 61% of the portfolio.
- Economic Advisory Council to PM recommends rapid expansion of grid-scale battery storage to support India’s growing renewable energy capacity.
- Mitsubishi Corporation expresses interest in setting up a semiconductor manufacturing plant in West Bengal.
- Tata Steel reports Q1 FY27 crude steel production of 5.82 MT, up 11% YoY, with domestic deliveries also rising 11%.
- India Railways says railway exports are rising rapidly, supported by increasing private investment and new FTAs.
- Graphite India to shut its graphite specialities and coating divisions in Germany due to weak demand and the prolonged Russia-Ukraine conflict.
- Clean Energy sources meet a record 50.02% of India’s peak power demand at 221.5 GW, marking the second consecutive year above the 50% milestone.
- S H Kelkar reports Q1 FY27 consolidated revenue of ₹660 crore, up 13.7%, while net debt stood at ₹864 crore following planned capacity investments.
- MSME Ministry says new policy interventions and schemes are being prepared to strengthen India’s MSME ecosystem.
- Samvardhana Motherson remains in focus as Volkswagen considers a major restructuring that could eliminate up to 100,000 jobs globally.
- United Drilling Tools enters India’s premium oilfield casing and tubing segment with successful deployment at Oil India Ltd.
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