AUTO Greaves Electric Mobility Secures ₹530 Cr From Existing Shareholders

Greaves Electric Mobility Ltd (GEML), the electric mobility arm of Greaves Cotton Ltd, has raised ₹530 crore through a fully subscribed rights issue, with existing shareholders—including Greaves Cotton Ltd (GCL) and Abdul Latif Jameel Green Mobility Solutions (ALJ)—participating in proportion to their shareholding. The fresh capital will be used to accelerate the company’s next phase […]

CW Bureau · Aug 3, 2026

HOSPITALITY Park Medi World Buys Mehar Hospital For ₹107 Cr, Boosts Tricity Footprint

Park Medi World Ltd has signed a definitive agreement to acquire Mehar Hospital in Zirakpur, Punjab, for ₹107 crore in an all-cash deal, further expanding its footprint in North India’s fast-growing healthcare market. The 150-bed multi-super speciality hospital will be rebranded under the Park name and is expected to commence operations as part of the […]

CW Bureau · Aug 3, 2026

AUTO TVS Motor Posts 38% Sales Growth In July; E-Scooter Volumes Surge 158%

TVS Motor Company reported a robust 38% year-on-year growth in total sales for July 2026, driven by strong domestic demand, surging electric vehicle (EV) sales and healthy export performance. The company sold 629,675 units during the month compared with 456,350 units in July 2025. Domestic business drives growth Total two-wheeler sales rose 38% to 603,138 […]

CW Bureau · Aug 3, 2026

GENERAL Biocon Launches Interchangeable Eye Drug Biosimilar Yesafili In US Market

Biocon Ltd has commercially launched Yesafili, its interchangeable biosimilar to blockbuster eye drug Eylea (aflibercept) 2 mg, in the United States, marking a significant expansion of its ophthalmology portfolio in the world’s largest pharmaceutical market. Yesafili is a vascular endothelial growth factor (VEGF) inhibitor indicated for the treatment of various retinal disorders, including age-related macular […]

CW Bureau · Aug 3, 2026

RETAIL/FMCG Britannia Hires Tata Sons’ Siddharth Parakh To Sharpen Growth Strategy

Britannia Industries Ltd has appointed Siddharth Parakh as Head, Strategy & Business Development, effective August 3, 2026, strengthening its leadership team as the FMCG major sharpens its focus on long-term growth, capital allocation and strategic expansion. Parakh joins Britannia with more than 13 years of experience spanning corporate strategy, mergers and acquisitions (M&A), investments and […]

CW Bureau · Aug 3, 2026

GENERAL Urban Company Banks On InstaHelp, Sees ₹7,000 Cr To ₹12,000 Cr Market

Urban Company is stepping up its investment in InstaHelp, positioning the high-frequency home services offering as a strategic growth engine even as it maintains a strong balance sheet and profitable core operations. Speaking during the company’s Q1 FY27 earnings conference call, Abhiraj Singh Bhal, CEO & Co-founder, Urban Company, said the company views InstaHelp as […]

CW Bureau · Aug 2, 2026

STARTUP/TECHNOLOGY Persistent Systems Q1 PAT Up 13.7% To ₹483 Cr; Revenue Jumps 29%

Persistent Systems Ltd reported a 13.7% year-on-year (YoY) increase in consolidated profit after tax (PAT) to ₹483 crore for the first quarter ended June 30, 2026, driven by robust revenue growth and strong deal wins. The AI-led digital engineering company posted 29% YoY growth in revenue, with consolidated revenue rising to ₹4,303 crore during the […]

CW Bureau · Aug 2, 2026

AUTO Suzuki Motorcycle India Posts Record July 2026 Sales Of 1.43 Lakh Units

Suzuki Motorcycle India Pvt Ltd (SMIPL) reported its highest-ever monthly sales in July 2026, with total dispatches rising 26% year-on-year (YoY) to 1,42,985 units, driven by robust domestic demand and steady export growth. The company had sold 1,13,600 units in July 2025. Domestic sales set a new record The two-wheeler maker registered its highest-ever domestic […]

CW Bureau · Aug 2, 2026

STARTUP/TECHNOLOGY Zoho’s Sridhar Vembu Says AI, Data Centre Costs Are Slowing IT Hiring

Zoho Corporation Co-founder and Chief Scientist Sridhar Vembu has raised concerns over slowing job creation in India’s information technology sector, saying increasing investments in artificial intelligence (AI) and data centre infrastructure are diverting funds that would otherwise have gone towards hiring new employees. In a post on social media platform X, Vembu said the country’s […]

Sajan C Kumar · Aug 2, 2026

HOSPITALITY Park Enters Uttarakhand With 330-Bed Medicity Hospital In Rudrapur

Park Group of Hospitals has expanded its footprint in North India with the launch of The Medicity Hospital, Rudrapur, a 330-bed multi-super-specialty facility that marks the group’s entry into Uttarakhand and strengthens its presence across six states. The company said the new hospital is the largest healthcare facility in the Kumaon region and forms part […]

CW Bureau · Aug 2, 2026

GENERAL Air India Expands Canada Network With Mumbai-Toronto Non-Stop Flight

Air India is strengthening its presence in the Canada market with the launch of a new non-stop Mumbai-Toronto service for the Winter 2026-27 schedule, while deploying its brand-new Boeing 787-9 Dreamliner on Delhi-Toronto flights to offer an upgraded onboard experience. The Tata Group-owned airline said the expansion will increase its capacity between India and Canada […]

CW Bureau · Aug 2, 2026

MANUFACTURING India’s Coal Production Rises 7.5% In July 2026; Dispatch Jumps 17.3%

India’s coal production rose 7.51% year-on-year (YoY) in July 2026, while coal dispatch recorded a stronger 17.34% growth, reflecting robust demand and improved supply across the sector. According to the Ministry of Coal, the country’s coal production stood at 69.75 million tonnes (MT) (provisional) during July, up from 64.88 MT in the corresponding month last […]

CW Bureau · Aug 2, 2026