STARTUP/TECHNOLOGY Infosys Q1 Profit Rises 12% To ₹7,769 Cr As AI-Powered Deals Drive Growth

IT services major Infosys kicked off FY27 on a strong note, reporting a 12.2% year-on-year increase in consolidated net profit to ₹7,769 crore for the first quarter ended June 30, 2026, driven by robust demand for artificial intelligence (AI)-led transformation services and large deal wins. The country’s second-largest IT services company posted consolidated revenue of […]

CW Bureau · Jul 23, 2026

STARTUP/TECHNOLOGY Ashiss Kumar Dash Named Infosys CEO Designate, To Replace Parekh

Indian IT major Infosys has announced the appointment of Ashiss Kumar Dash as its Chief Executive Officer (CEO) Designate, setting the stage for a planned leadership transition at India’s second-largest IT services company. Dash will take over as Managing Director & CEO from April 1, 2027, following the completion of incumbent CEO Salil Parekh’s second […]

CW Bureau · Jul 23, 2026

AUTO CEAT Bets On Artificial Intelligence And CAMSO Integration For Growth

Tyre major CEAT Ltd is focusing on expanding its global presence, completing the integration of the CAMSO business and accelerating premiumisation while investing in digital transformation and artificial intelligence. The company expects input cost inflation and geopolitical uncertainties to remain near-term challenges but sees strong long-term demand fundamentals supporting growth. International expansion “Our international business […]

CW Bureau · Jul 23, 2026

RETAIL/FMCG Bikaji Eyes Global Growth, Expands Capacity And Frozen Foods Portfolio

Bikaji Foods International Ltd is strengthening its manufacturing network, expanding into new product categories and enhancing its global presence to support the next phase of growth, under the new leadership. In a letter to shareholders, Chairman & Managing Director Deepak Agarwal said the company is investing in digital capabilities and integrated operations to improve efficiency […]

CW Bureau · Jul 23, 2026

BANKING & FINANCE Cholamandalam Investment Aims To Become Leading Financial Institution

Cholamandalam Financial Holdings Ltd (CFHL), the Core Investment Company of  the Murugappa Group said its financial services arm Cholamandalam Investment and Finance Company Ltd (Chola) is making steady progress towards its long-term goal of emerging as a leading financial institution. The company said investments in technology, product expansion and customer engagement continue to support sustainable […]

CW Bureau · Jul 23, 2026

STARTUP/TECHNOLOGY HCLTech Report Shows Only 18% Of Ventures See Revenue Gains From AI

While artificial intelligence (AI) adoption has become nearly universal among enterprises, only a small fraction are translating it into meaningful business growth, according to a new global research report released by HCLTech. The report, ‘The Blueprint for AI Leadership’, found that although 90% of organisations say Generative AI (GenAI) and Agentic AI are transforming workflows, […]

CW Bureau · Jul 21, 2026

BANKING & FINANCE Manappuram Finance To Deepen Gold Loan leadership, Revive Microfinance

Manappuram Finance Ltd will focus on strengthening its leadership in the gold loan business, scaling up secured lending businesses and restoring the growth trajectory of its microfinance arm, while accelerating digital transformation, Chairman and Managing Director V P Nandakumar said in his message to shareholders in the company’s Annual Report 2026. The NBFC also sees […]

Sajan C Kumar · Jul 21, 2026

STARTUP/TECHNOLOGY HCLTech Positions Itself To Become World’s Leading AI Solutions Provider

HCLTech sees artificial intelligence as a key growth driver and is positioning itself to become the world’s leading AI solutions provider. The global technology company always viewed disruption as an opportunity for reinvention and growth, and believes AI and related technologies will create larger business opportunities in the years ahead. AI strategy Chairperson Roshni Nadar […]

CW Bureau · Jul 20, 2026

BANKING & FINANCE City Union Bank Steps Up Investments In Cybersecurity & AI

Private sector lender City Union Bank Ltd is accelerating investments in cybersecurity, digital banking and artificial intelligence as part of its strategy to strengthen customer protection and enhance banking services. The bank said it is continuing to invest aggressively in cybersecurity to ensure customers remain protected against evolving digital threats while building a technology-driven banking […]

CW Bureau · Jul 20, 2026

MANUFACTURING EID Parry Exits Low-Margin Consumer Categories, Eyes Premium Products

Diversified agri-business major EID Parry (India) Ltd is reshaping its consumer products portfolio by exiting low-margin bulk categories and strengthening its presence in premium food products such as jaggery and brown sugar, while accelerating digital and AI-led transformation to improve productivity and execution. Outlining the company’s strategic priorities in the Annual Report 2026, EID Parry […]

Sajan C Kumar · Jul 17, 2026

BANKING & FINANCE Aditya Birla Capital Scales Up Gen AI, Agentic AI To Boost Customer Service

Aditya Birla Capital Ltd (ABCL) is stepping up its focus on artificial intelligence, data and automation as it prepares for its next phase of growth, with the financial services major embedding AI across underwriting, sales, customer service and operations to improve efficiency, strengthen customer engagement and build a future-ready franchise. In her message to shareholders […]

CW Bureau · Jul 17, 2026

STARTUP/TECHNOLOGY Only 12% Of Indian Cos Have Unified View Of IT Spending, Says Cognizant

Only 12% of Indian enterprises have a fully consolidated, enterprise-wide view of their IT spending, with fragmented data emerging as the biggest obstacle to effective cost intelligence, according to a new report by Cognizant. The report, “Smarter IT Spend: From Cost Control to Cost Intelligence,” highlights that while technology investments continue to rise across industries, […]

CW Bureau · Jul 16, 2026