GENERAL Wonderla Receives GST Show Cause Notice With ₹15.72 Cr Tax Demand

Amusement park operator Wonderla Holidays has received a show cause notice (SCN) from the GST authority raising a tax demand of ₹15.72 crore over alleged short payment of GST on restaurant and resort services. The notice was issued on August 21, 2026, by the Office of the Principal Commissioner of Central Tax, CGST West Commissionerate, […]

CW Bureau · Aug 22, 2026

AUTO Ola Electric Narrows Q1 Net Loss To ₹336 Cr Despite 45% Revenue Drop

Ola Electric Mobility Ltd reported a narrower consolidated net loss of ₹336 crore for the first quarter ended June 30, 2026 (Q1 FY27), compared with ₹428 crore in the corresponding quarter last year, even as revenue declined sharply amid a business reset undertaken during FY26. The electric two-wheeler maker’s revenue from operations fell 45% to […]

CW Bureau · Aug 7, 2026

RETAIL/FMCG Sula Vineyards Brings Back Former COO Chaitanya Rathi To Its Board

Sula Vineyards Ltd has appointed its former Chief Operating Officer, Chaitanya Rathi, as an additional non-executive non-independent director on its Board, marking his return to the country’s largest wine producer as it prepares for its next phase of growth. The appointment, effective August 6, brings back a senior executive who has been closely associated with […]

CW Bureau · Aug 7, 2026

STARTUP/TECHNOLOGY PayU, Marg ERP To Transform Digital Payments For Pharma Distributors

Fintech platform PayU has entered into a strategic partnership with business management software provider Marg ERP to streamline digital payment collections and reconciliation for India’s pharma distributors, retailers and MSMEs. The collaboration will integrate PayU’s payment infrastructure into Marg ERP’s business management platform, enabling users to manage ordering, payments and reconciliation within a single workflow […]

CW Bureau · Aug 7, 2026

MANUFACTURING Hindalco Q1 PAT Rises 75% To ₹7,013 Cr On Strong India Business Growth

Aditya Birla Group metals flagship Hindalco Industries Ltd reported its highest-ever quarterly net profit (PAT) of ₹7,013 crore for the quarter ended June 30, 2026, registering a 75% year-on-year growth from ₹4,004 crore, driven by robust performance across its India businesses and a recovery in subsidiary Novelis. The company also posted record quarterly revenue and […]

CW Bureau · Aug 7, 2026

BANKING & FINANCE SBI Q1 Profit Rises 10% To ₹21,121Cr; Advances Cross ₹50 Lakh-Cr Mark

State Bank of India (SBI), the country’s largest lender, reported a 10.23% year-on-year increase in net profit to ₹21,121 crore for the first quarter ended June 30, 2026, driven by healthy growth in net interest income, advances and improved asset quality. The bank’s operating profit rose 9.77% to ₹33,529 crore, while net interest income (NII) […]

CW Bureau · Aug 7, 2026

BANKING & FINANCE ESAF Bolsters Retail Banking Push With Emerging Household Portfolio

ESAF Small Finance Bank is sharpening its focus on the emerging household (EH) loans segment, positioning it as the next major growth driver as customers transition from financial inclusion to mainstream retail banking. The bank believes the segment, comprising individuals, self-help groups (SHGs), small entrepreneurs and farmer interest groups (FIGs), will evolve into one of […]

CW Bureau · Aug 7, 2026

MANUFACTURING Zen Technologies Bets Big On DAP 2026 To Boost Defence Order Pipeline

Defence technology company Zen Technologies Ltd expects India’s evolving defence procurement framework and continued push for indigenisation to accelerate order inflows, while reiterating its guidance of achieving a cumulative turnover of ₹4,000 crore across FY27 and FY28. In his message to shareholders in the company’s Annual Report 2026, Chairman and Managing Director Ashok Atluri said […]

CW Bureau · Aug 7, 2026

AUTO Hero MotoCorp Q1 PAT Rises 29% To ₹1,454 Cr; Revenue At ₹12,999 Cr

Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, reported a strong performance for the first quarter of FY27, with standalone profit after tax (PAT) rising 29% year-on-year to ₹1,454 crore, driven by robust demand across premium motorcycles, scooters, electric vehicles, commuter models and international markets. The company posted revenue from operations of ₹12,999 […]

CW Bureau · Aug 7, 2026

MANUFACTURING AM/NS India Supplies Specialised Steel For Indian Navy’s INS Malvan

ArcelorMittal Nippon Steel India (AM/NS India) has supplied 100% of the specialised steel required for INS Malvan, the Indian Navy’s latest indigenously built Anti-Submarine Warfare Shallow Watercraft (ASW-SWC), underscoring the growing role of domestic steelmakers in India’s defence manufacturing ecosystem. The vessel was commissioned into the Indian Navy on July 22, 2026, at Karwar, Karnataka. […]

CW Bureau · Aug 6, 2026

STARTUP/TECHNOLOGY Vizag’s Data Centre Boom May Create 51,800 Jobs, Boost Housing Demand

Visakhapatnam is poised to emerge as one of India’s largest digital infrastructure hubs, with its expanding data centre ecosystem expected to generate over 51,800 jobs and spur demand for 2.33 crore sq. ft. of residential real estate, according to a new Square Yards report titled How India’s Data Centre Revolution Is Rewriting Real Estate. Employment […]

CW Bureau · Aug 6, 2026

MANUFACTURING Blue Star Q1 Profit Drops 15% To ₹103 Cr; Revenue Jumps 13% To ₹3,378 Cr

Air-conditioning major Blue Star Ltd reported a 15.2% decline in consolidated net profit to ₹102.51 crore for the first quarter ended June 30, 2026, as higher commodity prices, a weaker summer season and pressure on room air-conditioner margins offset healthy revenue growth. The company’s consolidated revenue from operations rose 13.3% to ₹3,377.92 crore, compared with […]

CW Bureau · Aug 6, 2026