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News FINANCIAL MANAGEMENT - Corporate Watch

  • Apr 13, 2026
  • Campbell Wilson’s Air India Exit: A turbulent journey that transformed the ‘Maharaja’

    When Campbell Wilson landed in Delhi in July 2022 to take charge of Air India, he was, by his own account, not the first person the Tata Group had called. The job had initially been offered to a former chairman of Turkish Airlines, who withdrew after public and government objections about his nationality and political ties. Ratan Tata then turned to Singapore Airlines, an old partner of the Tatas, who pointed him towards Wilson with their full backing.

    Wilson was 51, a New Zealander from Christchurch who had spent the entirety of his professional life with the Singapore Airlines group.

  • Apr 13, 2026
  • ‘We are targeting 12-13% CAGR growth over the next 3 years’: Binod Kumar

    Over the next two-three years, Indian Bank expects business to grow at 12-13% with retail, agriculture and MSME its primary growth engines, Managing Director Binod Kumar tells Narayanan V. Excerpts:

    The bank’s business has grown 13% to Rs 14.3 lakh crore in Q3FY26. What’s your growth target for the next three years?

  • Apr 13, 2026
  • Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions

    Global energy major Shell plc has ramped up natural gas supplies to India in the wake of disruptions triggered by the West Asia conflict, leveraging its global liquefied natural gas (LNG) portfolio to capture a larger share of spot and term demand, including key fertiliser sector tenders.

    Industry sources said Shell emerged as a leading supplier in last month's bulk LNG procurement by Indian fertiliser companies, securing a supply of 4 trillion British thermal units out of 6 TBtus volumes tendered, as the government moved to ensure feedstock availability for urea production amid constrained supplies from the Gulf.

  • Apr 13, 2026
  • Avaada lines up Rs 22,000 crore solar and storage expansion

    With a Rs 22,000 crore combined investment across solar generation, battery storage and pumped hydro projects, Avaada Group is scaling up capacity as India’s renewable penetration deepens and grid-balancing requirements intensify.

    The investment comprises Rs 7,500 crore earmarked for pumped storage projects, alongside capital deployment in a 2,500 MWh battery energy storage system under development in Rajasthan and nearly 1,000 MW of solar projects slated for commissioning by March, Vineet Mittal, chairman of Avaada Group, told Financial Express.

  • Apr 13, 2026
  • L&T N-energy revenue seen rising 3 times

    Engineering and construction major L&T is looking at three times growth in revenue from nuclear energy as India gears up for expansion in the segment and other countries add to their capacities.

    The company’s order inflows from the nuclear sector is increasing and in the next five to six years, majority of the business will be domestic, Anil V Parab, whole-time director & senior executive vice president (heavy engineering & manufacturing), L&T, told FE. Exports will also start picking up, he added.

  • Apr 13, 2026
  • HRS Aluglaze secures new orders from KEC International, others

    Ahmedabad-based HRS Aluglaze, engaged in the design, manufacturing, and installation of aluminium products, on Friday announced securing multiple orders from KEC International, Safal Goyal Realty and other companies worth over Rs 26.94 crore.

    The orders include a Rs 10.19 crore contract from Safal Goyal Realty LLP and a Rs 7.23 crore from KEC International Limited for the supply of aluminium composite cladding sheets, the company said in a statement.

  • Apr 11, 2026
  • Swiggy co-founder Nandan Reddy quits

    Reddy is set to start his own venture and will spend more of his time building the new startup. He played a crucial role in setting up operations during Swiggy’s early days alongside co-founder and group CEO Sriharsha Majety.

    While Reddy has held multiple positions at the firm, he was most recently leading Crew, Swiggy’s AI concierge offering. Food delivery CEO Rohit Kapoor will lead Crew going forward, according to sources aware of the matter. Aakash Bhotika, vice president at Swiggy who has worked on the product, will continue to steer operations.

  • Apr 11, 2026
  • Zepto nears final stages of SEBI’s in-principle nod for Rs 11,000 crore IPO

    Quick commerce startup Zepto is nearing the final stages of receiving in-principle approval from the Securities and Exchange Board of India (SEBI) for its upcoming initial public offering, according to sources aware of the matter.

    The Arc was the first to report the development on Monday.

    The company had made a confidential filing in December 2025 and taken board approval to raise Rs 11,000 crore ($1.3 billion) through the IPO.

  • Apr 11, 2026
  • ICCPL Group eyes Rs 400-crore valuation by FY27 amid diversification push

    ICCPL Group on Friday said it has set a target of achieving a valuation exceeding Rs 400 crore by FY 2027, driven by strong growth across its core PR & Communications business and strategic expansion into hospitality and real estate vertic

    ICCPL Group has evolved into a multi-vertical enterprise with a strong presence across Marketing Communications (MarComm), Hospitality, and Real Estate Services.

  • Apr 11, 2026
  • ‘We are rebuilding BHIM for meaningful growth, not market share chase’: Lalitha Nataraj, MD & CEO, of NPCI BHIM Services

    BHIM is repositioning itself from a reference UPI app to a consumer-facing payments platform, with focus on product, partnerships and targeted use cases. Lalitha Nataraj, MD & CEO, of NPCI BHIM Services, explains the strategy to Ojasvi Gupta. Excerpts:

    Q. BHIM had a first-mover advantage but remains below 1% market share. Why did it not scale?

    A. BHIM’s role was different initially. It was launched as a neutral reference app for UPI and used to demonstrate features. Growth, branding and retention were not the mandate. Over the past 12–18 months, after becoming a subsidiary, the focus has shifted to customer acquisition, retention and product capabilities.

  • Apr 11, 2026
  • Godrej Properties reports record Rs 34,171 crore booking in FY26, up 16% YoY

    Indian real estate company, Godrej Properties, reported its highest-ever quarterly and annual bookings at Rs 34,171 crore, with its FY26 booking value rising by 16% YoY on strong sales with key contributions from major residential markets, the company said in its regulatory filing.

    The company said the rise in booking value came via the sale of 17,515 units of 27 million sq. ft., reflecting a YoY volume growth of 5%. “This is the highest-ever full-year booking value and volume announced by any listed real estate developer in India to date,” Godrej Properties said in its statement.

  • Apr 10, 2026
  • IndiGo's incoming CEO flags gap in India's long-haul capacity, calls wide body jet shortage a ‘scandal’- Report

    IndiGo's incoming chief executive officer (CEO) Willie Walsh has highlighted a major gap in long haul capacity of India's aviation market. Walsh described India's current fleet of 50 widebody jets as a “scandal,” reported BBC.

    Widebody aircraft are designed to carry passengers over longer distances — making them crucial for international and long-haul routes.

    ‘When you think about it…’
    Speaking about the Indian aviation sector, Walsh described it as “fascinating to watch in recent years” – highlighting strong growth and improving connectivity.

  • Apr 10, 2026
  • Travel shifts could favour India amid global turmoil, says Minor Hotels founder Heinecke

    India could gain from the disruptions in West Asia, as global travellers rethink traditional routes and turn to Asia for leisure and experiences. Minor International. is looking to capitalise on that shift, betting on city hotels and experiential resorts.
    "Travel is shifting, with Asia, including India, likely to benefit as some European and West Asia-bound tourists who may divert their travels from elsewhere," said William E. Heinecke, founder

  • Apr 10, 2026
  • Hindustan Unilever to focus on regaining market share: Global CEO Fernando Fernandez

    Unilever global CEO Fernando Fernandez said the biggest priority for India chief Priya Nair is to ensure the company's portfolio is future fit as the consumer goods maker aims to reclaim market share lost to rivals including online brands in this growing market in the past few years. The focus now is on regaining lost ground, Fernandez said in a Barclays fireside chat on Wednesday. India, which contributes about 16-17% of Unilever's global business, is a long-term competitive advantage, he said, adding that he is "very, very bullish" on the country.
    "The fundamental challenge of Priya is ensuring that our portfolio is future fit and ensuring that the execution is flawless as it has been in the past," he said. "I believe that we lost a bit our way for a couple of years. I feel we are improving now. I am very, very bullish about India and the contribution it will make to Unilever's growth algorithm," he said.

  • Apr 09, 2026
  • LIC Board to consider first bonus share issue

    Life Insurance Corporation of India (LIC’s) board will meet on Monday (April 13) to consider and recommend a proposal to issue bonus shares to shareholders. If approved, it would be the first bonus issue from the life insurance giant, which will benefit nearly 2.1 million retail investors holding around 1.52% stake in the company.

    “A meeting of the Board of Directors of the Life Insurance Corporation of India is scheduled to be held on Monday, April 13, 2026, to inter-alia consider and recommend a proposal for issue of Bonus shares in accordance with the applicable provisions”, LIC said in the exchange disclosure.

  • Apr 09, 2026
  • Daikin Industries to invest Rs 1,000 crore in India for global R&D centre

    Kolkata: Daikin Industries plans to invest 1,000 crore in India for setting up a global research and development (R&D) centre, the first outside its home base of Japan, reflecting the former's growing role in its global strategy. The centre will focus on software and product development for chillers and air-conditioning systems used in data centres, residential, and commercial applications worldwide, KJ Jawa, board member of Daikin Industries and MD of Daikin Airconditioning India, told ET.

  • Apr 08, 2026
  • Tata Steel hits record production in India due to surge in domestic demand

    Tata Steel Ltd. has achieved record annual production in India, fueled by capacity expansions that helped one of the world's most geographically diversified producers navigate a shifting global landscape for industrial metals.

    The Tata Group company produced 23.48 million tonnes of crude steel in India in FY26—an 8% increase over the previous year, according to an exchange filing on Tuesday (7 April 2026). The output was primarily boosted by the ramp-up of the Kalinganagar plant in Odisha that helped offset a temporary shutdown of a blast furnace at its Jamshedpur facility.

  • Apr 08, 2026
  • With sights on huge gains, Biocon to scale up AI focus

    Biopharma major Biocon is going full throttle on adoption of artificial intelligence and scaling up investments to embed the latest generation data science and analytical tools deeply into the entire spectrum of its operations ranging from research and development engine to manufacturing and procurements, top company officials said.

    The company's planned AI scale-up in procurement and R&D will lead to significant cost saving as well as improve drug development timeline and also improve topline in the next 3-4 years, chief technology officer Mandar Ghatnekar told ET.

  • Apr 08, 2026
  • Adani gets relief in US SEC case, court permits company to seek dismissal

    A US federal court has allowed the Adani Group to move ahead with its attempt to seek dismissal in a civil securities fraud case filed by the US Securities and Exchange Commission (SEC), the company said.

    According to a court notice dated April 7, shared by the company, the US District Court for the Eastern District of New York granted the defendants’ request for a pre-motion conference on their anticipated motion to dismiss the complaint.

    The order directs both sides to confer and coordinate with the court to schedule the hearing, which is a standard step before filing a formal motion to dismiss.

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