Business

NIIT MTS reported steady financial and operational growth in FY 2025–26, supported by strong client acquisition, renewals, and expanding global presence. The company posted a full-year profit of Rs 247.72 crore, marking an 8.8% increase from Rs 227.50 crore in FY 2024–25. Leadership highlighted resilience amid a challenging macroeconomic environment, along with continued momentum in profitability and customer expansion.

Bajaj Finserv Limited is targeting a gradual expansion of its market share with a long-term ambition to serve every Indian over the next decade, according to senior leadership. Despite intensifying competition in the financial services sector, the company remains confident about its growth trajectory. Speaking during the centenary celebrations of the Bajaj Group, Chairman and Managing Director Sanjiv Bajaj highlighted India’s strong economic growth and the rise of digital public infrastructure (DPI) as key enablers of this strategy.

Hindustan Zinc Limited has entered into a strategic Memorandum of Understanding (MoU) with Group Nirmal to establish a zinc wire manufacturing facility at its Zinc Industrial Park in Bhilwara, Rajasthan. The collaboration aims to strengthen India’s downstream zinc value chain by producing high-grade zinc wire for industrial applications. The facility will utilize special high-quality zinc supplied by Hindustan Zinc and cater to sectors including infrastructure, renewable energy, automotive, and industrial engineering.

Finance veteran Uday Kotak has emphasized the need for India to reduce its reliance on foreign capital and strengthen domestic sources of long-term risk funding to achieve genuine economic self-reliance. Speaking at a Confederation of Indian Industry (CII) event, he argued that true independence comes when a country does not depend on external financial power or capital flows. He linked this idea to broader national economic behavior, referencing Prime Minister Narendra Modi’s call to promote domestic spending.

Gautam Adani has urged India to accelerate investments in energy security and artificial intelligence infrastructure, arguing that the next era of geopolitical influence will be shaped by nations capable of controlling strategic digital and energy ecosystems. Speaking at the CII Annual Business Summit 2026, the chairman of the Adani Group warned that the foundations of globalisation are being reshaped by rising geopolitical fragmentation and economic realignment.

Indian consumers may soon face higher prices for everyday essentials as major fast-moving consumer goods (FMCG) companies prepare additional price increases amid mounting input-cost pressures. Products including soaps, detergents, biscuits, packaged foods, and beverages are expected to become more expensive due to rising crude-linked inflation, elevated packaging costs, currency depreciation, and higher transportation expenses triggered by geopolitical instability.

Micro Mitti has announced plans to invest Rs. 300 crore in a new commercial development in Indore, signaling growing confidence in the expansion of India’s tier-II commercial real estate markets. The company has launched ‘Cybercity by Micro Mitti,’ a mixed-use commercial project spread across 2.3 acres with a planned leasable area of approximately 4.48 lakh square feet. The development will primarily feature office spaces alongside complementary retail infrastructure.

Toyota Kirloskar Motor has announced plans to establish a new manufacturing facility in Maharashtra, with commercial production scheduled to begin in the first half of 2029. Although the company has not officially disclosed the investment size, Japanese media reports suggest parent company Toyota Motor Corporation may invest nearly Rs. 15,900 crore (approximately USD 1.9 billion) to expand production capacity in India.

The Central Bureau of Investigation (CBI) conducted searches at 17 locations across Mumbai in connection with three cases involving Reliance ADA Group companies — Reliance Telecom Limited, Reliance Commercial Finance Limited, and Reliance Home Finance Limited. The investigation focuses on alleged diversion of bank funds through intermediary entities and includes scrutiny of directors, officials, and associated corporate networks. Authorities said the searches targeted both residential and office premises linked to individuals and firms under investigation.

India’s food delivery sector is witnessing a gradual normalization in delivery timelines as gig workers return to metropolitan cities following state elections and the conclusion of the peak agricultural harvest season. Companies including Swiggy and magicpin say rider availability is improving significantly after a temporary workforce shortage disrupted operations across several urban markets. Industry executives believe the return of delivery personnel will stabilize logistics networks, reduce customer wait times, and improve platform efficiency in the coming weeks.