Business
60 briefs · reviewed, positive, calm dispatches.
Wipro Consumer Care enters pet food, plans ₹150 crore investment
Wipro Consumer Care has announced its entry into India’s growing pet food market with a planned investment of ₹150 crore. The company aims to build its Snuggles brand into one of the country’s top three pet food brands, tapping steady double-digit category growth.
Gradiant sees India business doubling on semiconductor and solar demand
US-based water and wastewater solutions firm Gradiant expects its India business to double next year, supported by rising demand from semiconductor and solar projects. India currently contributes about 10% of its $500–$750 million revenue range.
Japan’s rope-pulled 400-tonne castle: a community tradition with modern value
In Japan, an unusual community effort has drawn attention as thousands of people pull a 400-tonne “castle” using ropes. With local authorities estimating around 4,000 participants so far, the tradition highlights teamwork, tourism potential and cultural enterprise.
Centre issues largest battery storage tender to strengthen solar power integration
The Centre has issued its largest tender for battery energy storage linked to solar power, marking the first tranche of a wider push to add more renewable electricity to India’s grid. The move aims to improve reliability and round-the-clock clean supply.
Instamart sees 20x jump in premium Rakhi demand ahead of Raksha Bandhan 2026
Instamart says demand for premium Rakhis has surged 20x this Raksha Bandhan 2026 season, signalling stronger interest in curated festive gifting. The quick-commerce platform is offering Rakhis priced from ₹9 to ₹999 across styles and formats.
Dolly Parton’s reminder for modern work: build a life, not just a living
Dolly Parton’s quote—“Don’t get so busy making a living that you forget to make a life”—offers a timely nudge for professionals and founders. It encourages balanced ambition, healthier routines, and stronger relationships alongside career growth and financial stability.
Onam 2026: A practical guide to the Kerala sadya banana-leaf order
Kerala’s Onam sadya is a vegetarian banquet, traditionally served on a banana leaf with a precise placement and flow. Here’s a calm, practical guide to what goes where—and why this culinary craft is also an opportunity for local food businesses.
French visitor applauds India’s UPI ease: ‘₹20 chai? Just scan and pay’
A French woman’s viral video praising India’s UPI ‘scan and pay’ habit has spotlighted how seamlessly small-value payments work across street-food stalls, cafés and neighbourhood vendors—making everyday transactions faster, simpler and more inclusive for customers and small businesses alike.
Skoda Auto Volkswagen Group steps up localisation and product tweaks for India growth
Skoda Auto Volkswagen Group is sharpening its India strategy through product interventions and deeper localisation, aiming to improve competitiveness and grow market share. The company also says its vehicles are prepared for higher ethanol-blended fuels, aligning with India’s cleaner mobility direction.
Škoda Auto India unveils new Slavia sedan, highlights Octavia RS and new Superb
Škoda Auto India has unveiled the new Slavia sedan, while also drawing attention to its top-of-the-line sedan portfolio. The line-up includes the Octavia RS and the all-new Superb, underlining the brand’s renewed focus on premium offerings.
Crompton steps up innovation push to become a tech-led home solutions player
Crompton is sharpening its shift towards a tech-led home-solutions portfolio by deepening consumer research and product innovation. The company invested ₹112 crore in its innovation centre last year, taking total investment to about ₹312 crore over three years.
UPI to remain free for users; most merchant transactions to stay zero-charge
The government has reiterated that UPI will stay free for users, while the vast majority of merchant transactions will also remain free. Any future MDR, if introduced, would be limited, threshold-based and set at a nominal rate.
McDonald’s India adds Shravan specials as netizens praise ‘glocal’ menu twist
McDonald’s India has introduced a limited-time Shravan specials menu featuring offerings such as unsalted fries and a no onion-no garlic McAloo Tikki. The customised menu has sparked upbeat online chatter, with many calling it a smart example of ‘glocalization’.
SEBI says CAS will continue, signals openness to improvements
SEBI has reiterated that the current CAS framework is here to stay, while remaining open to reviewing operational constraints and improving the system. The regulator also indicated that a consultation paper on securities lending and borrowing will be issued soon.
Convertible and portable: planning finances for a mobile career in India
For professionals facing frequent job-related relocations, a ‘convertible, portable’ approach to money can reduce stress and keep options open. Prioritising financial assets, while treating land as a surplus-cash parking choice, supports long-term goals with flexibility.
Lucy van Pelt’s advice on advice: A business lesson in ownership and outcomes
Lucy van Pelt’s well-known line about advice highlights a practical business truth: many will offer opinions, but responsibility stays with the decision-maker. For founders and leaders, the takeaway is to seek input widely—then own choices, execution and results.
SEBI says CAS will continue, signals scope to refine rules for smoother markets
SEBI has reiterated that the Current Account Settlement (CAS) framework is here to stay, while remaining open to reviewing operational constraints. The regulator also indicated it will soon release a consultation paper on securities lending and borrowing.
Lupin secures US FDA approval for Pitolisant tablets
Indian pharma major Lupin has received US FDA approval for its Pitolisant tablets. The clearance strengthens the company’s regulated-market portfolio and underlines steady progress in quality-led manufacturing, helping expand access to specialised therapies through compliant, global supply chains.
Indian Embassy Abu Dhabi to hold Open House for community on 21 August
The Embassy of India in Abu Dhabi will host an Open House for the Indian community on Friday, 21 August, from 2 pm to 4 pm. The initiative aims to offer a direct, accessible channel for assistance and feedback.
Swiggy introduces ‘Guru’ AI partner to support restaurants with real-time insights
Swiggy has launched ‘Guru’, an AI partner designed to help restaurants streamline operations and improve profitability. Available in over 20 languages, including Kannada, the tool aims to widen access to timely, practical insights for partner outlets across India.
Six listed Indian REITs distribute ₹3,136 crore to unitholders in Q1 FY27
Six listed Indian REITs distributed ₹3,136 crore to unitholders in Q1 FY27, reflecting steady cash-flow generation in the sector. Since inception, cumulative distributions have crossed ₹34,800 crore, underlining REITs’ growing place in India’s capital markets.
Munnar’s 114-year-old post office still pays ₹25 monthly rent in a heritage building
RPG Group chairperson Harsh Goenka has spotlighted a 114-year-old post office in Munnar that continues to operate from a heritage building on a British-era tenancy, paying just ₹25 a month to Harrisons Malayalam. The moment renews interest in preservation and adaptive reuse.
Centre to soon name high-level panel on ‘Banking for Viksit Bharat’
The Union Government is expected to soon announce a high-level committee on ‘Banking for Viksit Bharat’, proposed in this year’s Budget. The panel will review the banking sector comprehensively and suggest ways to align it with India’s next phase of growth.
Before skipping renewal, weigh the insurance benefits you’ve quietly built
Insurance renewal is not only about visible rewards or annual savings. Many policies build rights and benefits over time—often unnoticed until a claim arises. Reviewing what you may forfeit can help families and businesses protect hard-earned financial progress.
For relocatable careers, keep wealth portable with a smart asset mix
For professionals who may relocate often, a “portable” financial plan can reduce friction and protect goals. Prioritising financial assets for core wealth, and treating land mainly as a surplus-cash parking option, can keep decisions flexible and future-ready.
Quote of the day: Khaled Hosseini on choosing truth over comfort
Khaled Hosseini’s line—‘Better to get hurt by the truth than comforted with a lie’—offers a timely reminder for businesses and teams: honest conversations may sting, but they build trust, sharper decisions, and healthier long-term growth.
PSB Confluence 2026 to spotlight youth and deposits, backing global banking ambition
PSB Confluence 2026 begins in New Delhi with senior leaders from public sector banks and public financial institutions. The focus on youth engagement and deposit mobilisation signals a constructive push to strengthen Indian banking and build globally competitive capabilities.
Elbert Hubbard on self-discipline: a steady guide for business persistence
Elbert Hubbard’s well-known line on self-discipline reminds professionals that progress is built on consistent effort, not sudden bursts of motivation. For entrepreneurs and teams, it offers a practical lens to manage distractions, stay patient and deliver results steadily.
XLRI professor honoured with guard-of-honour farewell after 33 years of teaching
After 33 years at XLRI Jamshedpur, Professor Venugopal Pingali received an emotional guard-of-honour farewell from students and staff. A corridor applause, captured on video and shared on LinkedIn by a colleague, has resonated widely for its warmth and gratitude.
Tesco’s India GCC evolves into a ‘cockpit’ for data-led retail decisions
Over two decades, Tesco’s Bengaluru-based global capability centre has expanded from reporting dashboards to decision-support at scale, building AI algorithms, powering personalised offers, and processing major global payroll operations—showcasing India’s growing role in high-impact retail technology.
Tesco’s India GCC evolves into a decision ‘cockpit’ over two decades
Over 20 years, Tesco’s India GCC in Bengaluru has progressed from basic reporting to advanced decision support. By building AI-led personalisation and integrating data across operations, it is helping improve offers, efficiency and business outcomes at scale.
India’s sovereign green bonds see steady ‘greenium’, signalling investor confidence
India’s sovereign green bond programme is gaining traction, with a stable ‘greenium’ indicating healthy demand for climate-aligned debt. A recent 30-year sale raised ₹50 billion, helping strengthen price discovery for long-term sustainable finance.
India’s sovereign green bonds gain ground as steady ‘greenium’ signals demand
India’s sovereign green bond programme is showing growing maturity, with a stable ‘greenium’ indicating sustained investor appetite. A recent 30-year issuance of ₹50 billion priced at a small premium, supporting long-term funding for climate-aligned priorities.
Independence Day: AI prompts to create patriotic photos with the Tricolour and India Gate
As Independence Day approaches, many Indians are using AI tools to create personalised patriotic images featuring the Tricolour and India Gate. The trend is popular among students, professionals and creators for profile pictures, posters and digital greetings.
SBI raises $500 million overseas as bond issue draws $2.46 billion demand
State Bank of India has raised $500 million through an overseas bond issue that attracted $2.46 billion in orders. The strong response underscores sustained global investor interest in Indian financial institutions and supports SBI’s longer-term funding flexibility.
Nikhil Kamath spotlights battery tech as a catalyst for India’s manufacturing push
Zerodha’s Nikhil Kamath discussed next-generation battery pathways with EnerVenue CEO Henning Rath and HiNa Battery’s Kun Tang on his podcast, exploring what the next battery industry could look like—and how India could build competitively, thoughtfully, and at scale.
Independence Day 2026: Is it the 79th or 80th? A simple explanation
As India prepares for 15 August 2026, many people ask whether it will be the 79th or 80th Independence Day. The answer depends on how the count begins—starting from the first celebration held on 15 August 1947.
July 2026 auto wholesales post double-digit growth; passenger vehicles lead
Automobile wholesales in July 2026 recorded double-digit growth, signalling steady demand across the sector. Passenger vehicles led the momentum, with wholesales rising 34.3% to 4.58 lakh units, as manufacturers and dealers prepared for a stronger sales cycle.
N. Chandrasekharan and the Tata Group’s steady pivot to new-age industries
N. Chandrasekharan has helped the Tata Group navigate new frontiers with disciplined, long-term bets across semiconductors, electronics manufacturing, consumer internet platforms, mobile technology and battery giga-factories—strengthening India’s industrial ambitions with a calm, execution-focused approach.
Tata Motors Q1 net profit jumps 83% to ₹2,556 crore on stronger sales
Tata Motors reported a strong start to the year, with Q1 net profit rising 83% to ₹2,556 crore. Revenue from operations grew 19% to ₹20,667 crore, while vehicle sales increased 26% to 1,08,700 units, signalling healthy demand momentum.
Yokohama to scale passenger car tyre output in India to 6.3 million units
Yokohama Rubber plans to raise its annual passenger car tyre production capacity in India to 6.3 million units over the next two years, up from 4.5 million. The move signals steady demand and fresh manufacturing momentum.
India and SACU restart trade pact talks, aiming for a fresh push in commerce
India has revived discussions on a trade agreement with the Southern African Customs Union (SACU), reopening a track last negotiated between 2002 and 2010. The renewed engagement signals intent to expand business links and create clearer pathways for trade.
Germany signals interest in importing green hydrogen from India
Germany is interested in buying green hydrogen from India, according to Georg Enzweiler, Chargé D’ Affaires of the German Mission in India. He also said an EU-India FTA could strengthen conditions for German investment in indigenous clean technologies.
Indian semiconductor startups draw $206 million since 2022, report notes
Indian semiconductor startups have raised $206 million since 2022, according to a report. The funding pattern suggests investors are backing firms that are closer to product readiness and commercialisation, supporting a more execution-led phase for the sector.
N. Chandrasekaran receives UK honorary award for strengthening India-UK business ties
Tata Sons Chairman N. Chandrasekaran has received a UK honorary civilian award (honorary KBE/DBE) recognising his services to UK–India business relations. The recognition highlights growing confidence and long-term collaboration between companies and institutions in both countries.
Net direct tax collections rise 23% to ₹8.11 lakh crore, led by non-corporate taxes
India’s net direct tax collections rose 23% to ₹8.11 lakh crore, supported by higher non-corporate tax receipts and slower growth in refunds. The numbers underline steady formalisation and improving compliance, while keeping attention on timely refund processing.
Cate Blanchett’s ‘fail gloriously’ quote: a business lesson in bold experimentation
Cate Blanchett’s line—“If you know you are going to fail, then fail gloriously!”—offers a constructive reminder for businesses: treat ambitious attempts as learning assets, plan for iteration, and build cultures where creative risk-taking is supported and measured.
Over 200 Delhi-NCR residents join Uber’s ‘One Less Car’ month-long challenge
More than 200 people across Delhi-NCR have registered for Uber’s ‘One Less Car’ challenge, committing to park their personal vehicles for four weeks and try alternatives such as the Metro, buses, autos and bikes—testing convenience and cleaner mobility choices.
E20 petrol meets quality norms, OMCs say after stepped-up outlet testing
Oil marketing companies say E20 petrol is meeting prescribed quality standards, citing intensified checks at retail outlets. They have strengthened surveillance with frequent water-ingress and density tests—conducted multiple times daily—aimed at ensuring consistent fuel quality for motorists.
Hero MotoCorp Q1 profit eases to ₹1,417.93 crore; base remains steady
Hero MotoCorp reported a Q1 profit after tax of ₹1,417.93 crore, down 16.86% year-on-year. The company noted that last year’s comparable profit included a one-time gain of ₹722 crore, making this year’s performance more reflective of underlying operations.
India’s forex reserves rise $10.5 bn to $692.87 billion
India’s foreign exchange reserves climbed by $10.5 billion to $692.87 billion, building on the previous week’s $6.118 billion increase. The stronger buffer supports currency stability, investor confidence and smoother management of external shocks.
India’s EV retail sales jump 66% in July 2026 to 3.28 lakh units
India’s electric vehicle (EV) retail market recorded strong momentum in July 2026, with overall sales rising 66% year-on-year to 3.28 lakh units. Electric two-wheelers led the surge, crossing two lakh monthly sales for the first time.
SBI standalone profit rises 10.2% to ₹21,121 crore on stronger interest income
State Bank of India reported a 10.2% year-on-year rise in standalone net profit to ₹21,121 crore, supported by higher interest income. Net interest income grew 15% to ₹46,992 crore, signalling steady momentum in core banking earnings.
National Handloom Day 2026: India celebrates heritage as PM Modi salutes weavers
Observed on 7 August, National Handloom Day 2026 spotlights India’s handloom legacy and the skilled work of over 35 lakh weavers, many of them women. PM Modi’s message of appreciation underlines creativity, craftsmanship and opportunities for sustainable livelihoods.
LIC Q1 profit rises 23% to ₹13,492 crore, supported by premiums and new business
Life Insurance Corporation of India (LIC) reported a 23% rise in Q1 net profit to ₹13,492 crore, aided by higher premium income and new business momentum. The insurer also highlighted a 60.10% market share by first-year premium income, aligning with its strategy.
Reports link Kit Connor to Cyclops role in Marvel’s X-Men reboot, no confirmation yet
A fresh report suggests Heartstopper actor Kit Connor may be in line to play Cyclops in Marvel Studios’ upcoming X-Men film. Marvel has not confirmed the casting, but the chatter underlines growing momentum around the reboot’s development.
PM Modi invites India to mark National Handloom Day with GRWM-style videos
Ahead of National Handloom Day, Prime Minister Narendra Modi urged citizens to celebrate India’s handloom heritage by sharing short GRWM-style videos featuring their favourite handloom products. The call spotlights artisans, encourages conscious buying, and supports local textile value chains.
LIC Q1 profit rises 23% to ₹13,492 crore as premium and new business grow
Life Insurance Corporation of India reported a 23% rise in Q1 net profit to ₹13,492 crore, supported by stronger premium income and new business momentum. The insurer also highlighted a 60.10% market share by first-year premium income, aligning with its strategy.
LIC Q1 profit rises 23% to ₹13,492 crore on higher premium income
Life Insurance Corporation of India (LIC) reported a 23% rise in Q1 net profit to ₹13,492 crore, supported by higher premium income and gains in new business. The insurer also said its first-year premium market share stood at 60.10%.
PM Surya Ghar boosts rooftop solar installs; daily pace more than triples in 9 months
Union MNRE Minister Pralhad Joshi said PM Surya Ghar has led to more than a threefold rise in daily rooftop solar installations within nine months, while the scheme has crossed over 50 lakh beneficiaries—signalling stronger momentum for clean energy adoption.