Business

Titan Company Ltd has assured investors and consumers that its jewellery businesses, including Tanishq and CaratLane, remain insulated from short-term gold supply disruptions despite industry concerns surrounding import licence renewals and geopolitical uncertainty in the Middle East. Chief Financial Officer Ashok Sonthalia said the company’s gold exchange programme has been operating successfully since the third quarter and can be expanded further if necessary. Titan has also prepared contingency mechanisms to manage potential supply challenges.

An Indian infrastructure company reported a strong financial performance for FY26, driven by higher project execution, disciplined cost management, and robust order inflows across key highway projects. Chairman and Managing Director Ramneek Sehgal stated that consolidated revenue for the financial year rose 17 percent year-on-year to Rs. 4,022.4 crore, while EBITDA reached Rs. 585.4 crore with margins of 14.6 percent. The company’s total order book expanded to Rs.

Pidilite Industries, one of India’s leading adhesives and construction chemicals manufacturers, is preparing for another round of price increases as escalating geopolitical tensions in West Asia continue driving inflation in raw material costs. Managing Director Sudhanshu Vats indicated that persistent supply-chain volatility and rising input expenses are forcing the company to reassess pricing strategies despite earlier hikes implemented in April and May.

M P Birla Group flagship company Birla Corporation Ltd reported a rise in consolidated net profit for the fourth quarter of FY26, reflecting improved operational efficiency despite relatively modest revenue growth. The company posted a profit of Rs 294.77 crore for the January-March quarter, compared with Rs 256.6 crore during the same period last year. Revenue from operations increased marginally to Rs 2,836.12 crore, highlighting stable demand conditions amid a challenging cost environment for the cement industry.

Tata Starbucks has reaffirmed its strong confidence in India’s long-term consumption story, signaling aggressive expansion plans despite prevailing macroeconomic uncertainties. The joint venture between Tata Consumer Products and Starbucks sees substantial untapped potential in India’s relatively underpenetrated coffee retail market. On Friday, the company launched its first Starbucks Reserve outlet in eastern India, located in Kolkata, marking the fourth such premium-format store in the country.

Ride-hailing platform Ola Cabs witnessed a sharp deterioration in its financial performance during FY25, with consolidated losses widening to Rs. 662.4 crore amid a steep contraction in revenue. The company’s earnings decline reflects mounting operational pressures, intensifying competition, and shifting consumer dynamics in India’s mobility sector. Revenue fell nearly 42 percent year-on-year, highlighting the challenges confronting digital transportation platforms in sustaining growth while balancing profitability.

Adani Green Energy Ltd. has announced the incorporation of new step-down subsidiaries aimed at strengthening its renewable energy operations in India. The entities, established through the company’s wholly owned subsidiary Adani Renewable Energy Sixty Four Limited, are expected to focus on clean power generation initiatives across multiple renewable energy segments.

Walmart Inc. has reaffirmed its long-term commitment to India, describing the country as one of the most dynamic growth engines in global commerce. Walmart President and CEO John Furner revealed that the retail giant has already sourced goods worth more than USD 40 billion from India, underlining the country’s expanding role in the company’s global supply chain strategy. The announcement also reinforces Walmart’s previously stated objective of sourcing goods worth USD 10 billion annually from India by 2027.

Shares of Vodafone Idea Ltd surged over 5 percent after Kumar Mangalam Birla was appointed as the company’s new non-executive chairman. The stock climbed to Rs 11.38 in early trading, reflecting renewed investor optimism around leadership stability at the debt-laden telecom operator. Birla replaces Ravinder Takkar, who will transition to the role of non-executive vice-chairman. The leadership shift is seen as a strategic move to reinforce governance and restore confidence among stakeholders amid ongoing financial and operational challenges facing the company.

India’s electric passenger vehicle segment recorded robust growth in April 2026, with sales rising 75.14 percent year-on-year to 23,506 units, according to the Federation of Automobile Dealers Associations. The surge underscores accelerating adoption of electric mobility, supported by favorable policy frameworks and increasing consumer acceptance. Tata Motors Passenger Vehicles Ltd retained its leadership position, posting sales of 8,543 units, up 77.17 percent from the previous year.