Business

Mumbai is set to witness one of its most ambitious urban renewal initiatives after a consortium led by Reliance Industries and Aspect Realty emerged as the successful bidder for the redevelopment of the sprawling Juhu Galli slum cluster in Andheri West. Covering more than 101 acres, the project is expected to provide over 28,000 rehabilitation homes while significantly upgrading infrastructure, public amenities and connectivity in the area.

A select group of Indian corporations delivered remarkable financial performances in FY26, underscoring the resilience of the country's banking and automotive sectors amid a dynamic economic environment. State Bank of India (SBI) maintained its position as one of the nation's most profitable enterprises, posting robust earnings growth and outlining ambitious expansion plans for the coming fiscal year.

Tata Consultancy Services (TCS) has outlined an ambitious vision for the future of artificial intelligence, signaling a transformative shift in how technology services are delivered. Company leadership indicated that the number of AI agents deployed across the organization could eventually rival its human workforce, reflecting the accelerating integration of artificial intelligence into enterprise operations.

Quick-commerce startup Zepto has revealed that its founders were summoned by enforcement authorities earlier this year as part of an inquiry related to foreign exchange regulations. The disclosure, included in the company's updated draft prospectus for its proposed Rs. 9,500 crore initial public offering (IPO), highlights the growing importance of regulatory transparency for high-growth technology firms preparing to access public markets.

India’s technology sector is experiencing a profound transformation as artificial intelligence, automation and digital modernization reshape business priorities. Yet amid concerns that AI could disrupt traditional employment models, Infosys has reported a record rise in the number of employees earning more than Rs 1 crore annually. The company’s latest disclosures show that 130 India-based employees crossed the seven-figure salary threshold during FY26, marking a significant increase from the previous year.

Hyundai Motor India Limited (HMIL) has reaffirmed its commitment to Tamil Nadu, declaring the state its flagship electric vehicle (EV) hub for India. In partnership with the Government of Tamil Nadu, the automaker has also launched a specialized skill development initiative aimed at enhancing the global employability of the state's youth.

The Coca-Cola Company is laying the groundwork for what could become one of the most closely watched consumer-sector public offerings in India. The global beverage leader has confirmed that it is evaluating a stock market debut for Hindustan Coca-Cola Holdings Pvt. Ltd. (HCCH), the holding company that oversees its largest Indian bottling operations, with a potential listing targeted for 2027.

Asian Paints shares gained momentum after the company delivered a stronger-than-expected performance for the fourth quarter of FY26, driven by robust profit growth, healthy revenue expansion and improved operational efficiency. The paint manufacturer reported a sharp increase in net profit and announced a generous dividend payout, reinforcing investor confidence.