Business

Mahindra & Mahindra (M&M) has emerged as India’s second-largest passenger vehicle (PV) manufacturer by volume for the fiscal year 2025–26, surpassing Hyundai Motor India and Tata Motors Passenger Vehicles Ltd. Driven primarily by strong SUV sales, the homegrown automaker has consolidated its position in the rapidly expanding PV segment. Maruti Suzuki continues to dominate as the market leader with steady growth. M&M’s rise underscores the company’s strategic focus on high-demand vehicle segments and brand positioning.

Bharti Airtel has emerged as the leading telecom operator in subscriber growth for the third consecutive month, adding over 48.5 lakh new users in February, according to regulatory data. The company also surpassed its key rival, Reliance Jio, in wireline subscriber additions during the same period. India’s total telecom subscriber base expanded by 73.1 lakh to reach an all-time high of 132.13 crore, reflecting steady sectoral momentum.

Wipro has unveiled a dedicated AI-Native Business and Platforms unit, signaling a strategic pivot toward artificial intelligence-led transformation. The move is accompanied by a significant leadership reshuffle, with long-time executive Nagendra Bandaru appointed as CEO of the new division. He will report to CEO and Managing Director Srini Pallia. Meanwhile, industry veteran Kanwar Singh joins to lead Technology Services Global Business Lines.

Hero MotoCorp reported a steady expansion in March 2026, with vehicle dispatches rising 8.84 per cent year-on-year to 598,198 units, reflecting consistent operational execution and improving market demand. Retail activity outpaced wholesale growth, with registrations reaching 542,436 units—an increase of around 24 per cent—indicating robust end-consumer traction. The performance was largely driven by the 100–125cc motorcycle category, complemented by strong double-digit growth in scooters.

Prestige Estates Projects Ltd has strengthened its presence in North India’s real estate market through a strategic joint development agreement for a 17-acre residential project in Gurugram. The development, located in Sector 92, is expected to generate approximately Rs 4,200 crore in revenue, with a saleable area of nearly 3 million square feet. The move underscores the company’s expansion strategy and reflects robust demand in the premium and mid-income housing segments.

Rashtriya Ispat Nigam Ltd (RINL) has reported a robust operational performance for FY 2025–26, with production volumes witnessing a sharp year-on-year increase. Hot metal output surged to nearly six million tonnes, while liquid steel production reached 5.6 million tonnes, both reflecting growth of over 50 percent. The improvement highlights stronger capacity utilization, operational efficiency, and favorable industry conditions. The company’s performance signals a steady recovery and positions it to benefit from rising demand in infrastructure and manufacturing.

Maruti Suzuki India reinforced its market leadership with a robust 16.72 percent year-on-year increase in total vehicle sales, reaching 2,25,251 units in March 2026. The growth reflects resilient consumer demand, improved supply chain stability, and sustained momentum in the passenger vehicle segment. Domestic sales expanded by over 10 percent, highlighting steady recovery in urban and rural markets alike. While entry-level models maintained stable volumes, broader portfolio strength supported overall performance.

Punjab is set to witness a significant industrial upswing as Jogindra Group announces an investment of Rs 1,100 crore to expand its operations across steel manufacturing and renewable energy. The move underscores growing investor confidence in the state’s pro-business policies and infrastructure ecosystem. With Rs 700 crore earmarked for steel and Rs 400 crore for green energy initiatives, the expansion is expected to substantially increase production capacity, boost revenues, and generate employment.

State-owned Oriental Insurance Company Ltd has crossed Rs 20,000 crore in gross premium for FY 2025–26, marking a significant milestone in India’s insurance sector. The growth has been driven by strong performance across Group Personal Accident, health, fire, and motor insurance segments. The achievement reflects rising consumer confidence in public sector insurers and aligns with the government’s broader goal of expanding insurance penetration under its “Insurance for All by 2047” vision.

Integrated casino resorts have emerged as powerful economic engines, combining gaming, hospitality, retail, and entertainment into a unified business model. These large-scale developments generate substantial revenue, attract tourism, and contribute significantly to local economies. By diversifying income streams and leveraging high-value customer segments, integrated resorts offer resilience against market fluctuations. However, their success depends on strategic planning, regulatory alignment, and effective capital management.