Swiggy has clarified that proposed modifications to its board nomination structure are aimed at helping the company eventually qualify as an “Indian Owned and Controlled Company” (IOCC) under India’s foreign exchange regulations. The clarification came after institutional investors sought greater transparency regarding the rationale behind the governance-related amendments. The company stated that the proposed changes are part of a broader strategic and regulatory alignment process.

Jio Platforms has appointed Akash Ambani as managing director for a five-year term, a strategic leadership move that comes as the company prepares for a highly anticipated initial public offering. According to a regulatory filing, the appointment became effective on April 9, 2026. Industry observers view the decision as part of a broader succession and expansion strategy within the Reliance Group’s digital business empire.

Indian equity benchmarks opened higher on Thursday as investor sentiment improved following positive global market cues and renewed optimism surrounding ongoing US-China discussions. The benchmark Sensex climbed more than 450 points in early trade, while the Nifty advanced nearly 170 points, supported primarily by gains in banking, infrastructure, pharmaceutical, and metal stocks. Market participants also tracked strong domestic institutional inflows, which helped offset continued selling pressure from foreign investors.

LIC Housing Finance reported a slight moderation in its net interest margin during the fourth quarter of FY26, reflecting ongoing pressure on lending spreads within India’s competitive housing finance sector. The company’s Net Interest Margin (NIM) declined to 2.80 percent from 2.85 percent a year earlier. Despite the margin compression, the lender successfully reduced overall expenses, highlighting a continued emphasis on operational efficiency and cost optimization.

Ola Electric is reportedly in discussions with multiple domestic and international automobile manufacturers to supply lithium-ion battery cells and battery packs from its Krishnagiri gigafactory, signaling a strategic shift beyond its in-house electric scooter business. The Bengaluru-based company currently operates India’s only active gigafactory with an installed capacity of 6 GWh and has commercially deployed its proprietary 4680-format Bharat Cell at scale through its subsidiary Ola Cell Technologies.

Adani Airport Holdings Ltd has entered into a strategic partnership with IHG Hotels & Resorts to develop five hotels across high-growth airport-linked and urban destinations in India, including Mumbai, Navi Mumbai, and Ahmedabad. The collaboration is expected to add nearly 1,500 hotel keys across multiple hospitality brands, reflecting growing investor confidence in India’s aviation-linked real estate and travel infrastructure sectors. The agreement also signals the increasing integration of airports with commercial hospitality ecosystems as operators seek diversified revenue streams.

TVS Motor Company has strengthened its leadership framework by appointing technology entrepreneur Ravindran Shanmugam as an independent director for a five-year term. The appointment, effective May 13 and pending shareholder approval, reflects the company’s increasing focus on innovation, digital transformation, and technology-driven growth strategies. Shanmugam currently serves as co-founder and executive chairman of Singapore-based AI-powered interior design platform Mablle.

Honda Motor Co. has unveiled an ambitious long-term strategy to rebuild and expand its passenger vehicle business in India, with market-specific models scheduled to launch from 2028 onward. Global CEO Toshihiro Mibe identified India as one of the company’s highest-priority markets alongside Japan and North America, underscoring the country’s growing importance within Honda’s global growth roadmap. The automaker also plans to leverage its dominant two-wheeler presence to transition existing customers toward passenger vehicles.

Indian equity markets extended their recovery for a second consecutive session on Thursday, with the benchmark BSE Sensex advancing nearly 790 points amid renewed investor interest in telecom, pharmaceutical, and private banking stocks. Despite early volatility and a brief dip into negative territory, aggressive value buying during the latter half of the session lifted sentiment significantly, pushing the index above the 75,600 mark intraday before settling at 75,398.72.

Akasa Air will commence operations from Noida International Airport starting June 16, becoming the second airline to operate from the newly developed aviation hub. The airport, inaugurated on March 28, is scheduled to begin commercial services from June 15, marking a significant milestone in India’s expanding aviation infrastructure. Akasa Air will operate daily flights connecting Noida with Bengaluru and Navi Mumbai, enhancing regional connectivity and supporting rising passenger demand.