Freedom oil maker Gemini Edibles files for IPO
The Hyderabad company reported revenue of INR 12,650 crore in FY2026, but the issue is entirely an offer for sale, so the company raises nothing. Three of four sellers are foreign investors.
Axis Pension Fund doubles assets in 15 months
The Axis Bank step-down subsidiary has doubled its pension assets since June 2025, as National Pension System adoption grows in the non-government segment.
Global Fintech Fest returns to Mumbai in September with RBI, SEBI and BIS on the agenda
Global Fintech Festival 2026 to be held in Mumbai from 8-11 September.
ICICI Prudential Life adds momentum-value index fund to ULIP range
ICICI Prudential Life adds a new fund option within existing ULIPs, tracking a customised BSE 500 momentum-value index of 50 stocks, rebalanced quarterly.
Amplifon quits India
The world's largest hearing care retailer has left India. Its own disclosure shows the business it sold to Hearzap turned over about €12 million and dragged on group profits. Neither side disclosed the price.
Paramotor ties up with NSDL Payments Bank for co-branded prepaid cards ahead of IPO
The fintech, which filed confidentially for a main-board listing in May, will issue co-branded prepaid cards with NSDL Payments Bank. Neither company disclosed terms, volumes or a launch date.
Tata Motors' new commercial-vehicle company posts 23% revenue rise in first quarter
Tata Motors Ltd, the demerged commercial-vehicle business, reported standalone revenue up 23% to INR 19,329 crore in Q1, with resilient margins and a sharp swing to positive free cash flow despite commodity headwinds.
Tata Motors' car and JLR arm grows at home but is dragged by a weak JLR quarter
Tata Motors Passenger Vehicles posted a 9.3% rise in Q1 revenue to INR 95,800 crore, but profit and margins fell as JLR wholesales dropped 9.2% on supply constraints and the Jaguar wind-down, even as its India business grew 65%.
CP PLUS owner Aditya Infotech nearly doubles revenue
Aditya Infotech, which owns the CP PLUS surveillance brand, reported an 89.5% jump in June-quarter revenue to INR 1,402 crore and more than tripled adjusted profit, riding a shift to higher-margin IP cameras and post-IPO deleveraging.
Amagi's revenue rises 32% to INR 437 crore, profit up more than eightfold
Media-tech SaaS firm Amagi reported its highest-ever quarterly revenue, up 32% to INR 437 crore, with adjusted EBITDA tripling and net profit rising more than eightfold, as the newly-listed company turns strongly profitable.
Maruti reports record FY26 sales
Maruti Suzuki reported record FY26 sales of 24.22 lakh vehicles, and chairman R.C. Bhargava forecast the car market reaching 6.1 to 6.3 million units by FY31, with the small-car segment reviving on last year's GST cut.
Syngene swings to a quarterly loss as a big client pulls back
Syngene International slipped to a rare quarterly net loss in the June quarter after a major biologics client cut back, shares fell nearly 9%
Texmaco brings in US-based TrinityRail to scale railcar leasing in India
Texmaco Rail & Engineering, TrinityRail and Touax plan to invest about INR 1,800 crore in 100 new rakes over the next three to five years
Axis AMC absorbs Axis Securities' PMS business
Axis AMC has acquired the portfolio management services business of group entity Axis Securities, folding it into a new "Alternates by Axis AMC" platform
FICCI-KPMG rail freight report
A FICCI-KPMG knowledge paper argues that improving rail access for MSMEs could unlock the next phase of India's rail freight growth
Andhra signs UAE food-processing pact, with a INR 100 crore first project in Chittoor
Andhra Pradesh has signed a memorandum of understanding with the UAE Food Cluster to draw Emirati investment into food processing and horticulture exports, with Dubai-based Flour Masters International committing INR 100 crore for the first unit, a food-processing facility at Gangadhara Nellore in Chittoor district.
The pact, traced
The Card Company launches a prepaid metal card
The Card Company's new metal prepaid card offers lounge access, hotel perks and rewards with no credit check or income proof, testing whether premium card status can be sold to Indians without any lending attached.