Category: Business

Business

Markets drift lower in early trade amid higher oil prices, fresh U.S.-Iran tensions

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Markets drift lower in early trade amid higher oil prices, fresh U.S.-Iran tensions

Among the 30 Sensex firms, Bajaj Finserv, InterGlobe Aviation, Titan, State Bank of India, Bajaj Finance and Axis Bank were among the major laggards. ITC, HCL Tech, Bharti Airtel and Infosys were among the winners. File | Photo Credit: PTI Market benchmark indices Sensex and Nifty drifted lower in early trade on Tuesday (September 1,…

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Business

Commercial LPG prices hiked by ₹10 per cylinder

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Commercial LPG prices hiked by ₹10 per cylinder

The latest hike follows two recurrent tranches wherein prices had cumulatively declined by about ₹380 per cylinder across two tranches. | Photo Credit: J. Allen Egenuse Reversing course after two months of decline, prices of the commercial variant of liquified petroleum gas (LPG) cylinder were hiked by approximately ₹10 for every cylinder across the country…

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Business

‘Wholewheat’ label on McVitie’s Marie biscuits misleading, rules CCPA

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‘Wholewheat’ label on McVitie’s Marie biscuits misleading, rules CCPA

The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹1 lakh on Pladis India Pvt. Ltd., the maker of McVitie’s biscuits, for what it termed a misleading claim on its Whole Wheat Marie biscuits. The consumer protection body said the McVities Whole Wheat Marie Biscuits contained only 19.5% whole wheat flour (atta), while…

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Business

Mahanagar Gas Ltd to hike price of CNG by ₹2 per kg across all retail outlets

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Mahanagar Gas Ltd to hike price of CNG by ₹2 per kg across all retail outlets

A Mahanagar Gas station. File | Photo Credit: Shantanu Das Mahanagar Gas Ltd on Monday (August 31, 2026) announced a hike in Compressed Natural Gas (CNG) price by ₹2 per kg across all their retail outlets. CNG in Mumbai would now cost ₹88/kg. Price of Domestic PNG would also be hiked by ₹1/SCM. Both hikes…

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Business

Maruti Suzuki to stay focused on small car segment; outlines ₹77,500 crore capex through FY31

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Maruti Suzuki to stay focused on small car segment; outlines ₹77,500 crore capex through FY31

Maruti Suzuki India Ltd, the country’s largest passenger carmaker, expects significant growth potential in the small-car segment and will continue to focus on the category through new and appropriate product interventions, MD & CEO Hisashi Takeuchi said. Addressing shareholders at the company’s 45th Annual General Meeting (AGM), Takeuchi said Maruti Suzuki remains the dominant player…

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Business

Avantel bags ₹118 cr contract from DRDO

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Avantel bags ₹118 cr contract from DRDO

Technology solutions provider for defence and communication sectors Avantel has secured a contract for ₹117.88 crore from DRDO’s Defence Electronics Applications Laboratory (DEAL) for development, installation and commissioning of a Ground Segment Hub for voice and data communication using an Indian geostationary satellite. The company said it remain focused on delivering indigenous communication solutions that…

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Business

Aurobindo arm Lannett launches generic of GSK’s drug in U.S.

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Aurobindo arm Lannett launches generic of GSK’s drug in U.S.

Aurobindo Pharma subsidiary Lannett Company LLC has launched a generic equivalent of GSK plc’s Advair Diskus (fluticasone propionate and salmeterol inhalation powder) in 100/50 mcg and 250/50 mcg strengths in the US market. “The launch marks the first product from our inhalation pipeline to be commercialised in the U.S. reflecting our continued focus on expanding…

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Business

Airbus awards Mahindra Aerostructures contract to make A320neo, A321XLR fuselage skins

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Airbus awards Mahindra Aerostructures contract to make A320neo, A321XLR fuselage skins

Airbus has awarded Mahindra Aerostructures a contract to manufacture and supply fuselage skins for its A320 family of aircraft, expanding the Indian company’s role in Airbus’ global supply chain. Under the multi-year programme, Mahindra Aerostructures will manufacture fuselage skins used to cover the rear fuselage and tail sections of the Airbus A320neo and A321XLR aircraft,…

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Business

Trackerwave sets ₹50 cr revenue as it targets major public-sector hospital rollout; eyes U.S., Europe markets

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Trackerwave sets ₹50 cr revenue as it targets major public-sector hospital rollout; eyes U.S., Europe markets

Chennai-based healthcare technology company Trackerwave is targeting revenue of about ₹50 crore in 2026-27, up more than four times from the ₹12 crore it reported last year, as it looks to deepen the presence in India’s public healthcare system, which is increasingly going digital. The bootstrapped company, which develops real-time location systems (RTLS) for hospitals,…

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Business