nanika Editor

The Food Safety and Standards Authority of India (FSSAI) has imposed a penalty on edible oil major AWL Agri Business Ltd for manufacturing and marketing substandard fortified sunflower cooking oil under its popular Fortune brand. The action was taken after a product sample failed to meet the prescribed food safety standards during laboratory testing. According to FSSAI, a sample of Fortune “Fryola” refined sunflower seed oil collected from Taj Fort Aguada Resort & Spa in Goa was found to have Vitamin A and Vitamin D levels below the limits specified under the Food Safety and Standards (Fortification of Foods) Regulations,…

Nestlé India has said that consumption in the fast-moving consumer goods (FMCG) sector has slowed, but remains confident that its medium- to long-term growth outlook is strong. The company noted that India continues to offer one of the world's most promising long-term consumer markets, despite ongoing economic and geopolitical challenges. Company Chairman Suresh Narayanan Tiwary said the business continues to face uncertainties related to energy costs, packaging materials, edible oil prices, shipping disruptions, and currency volatility. However, he expressed confidence in the company's ability to navigate these challenges while continuing to meet evolving consumer demand. Nestlé India is expanding its…

Bajaj Finserv has announced its entry into India’s reinsurance sector, with its board approving the move subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI). The development makes Bajaj Finserv the third private-sector player in nearly a year to announce plans to enter the domestic reinsurance market, which has traditionally been dominated by state-owned General Insurance Corporation of India (GIC Re). The move comes amid growing interest in India’s reinsurance industry, driven by rising insurance demand, regulatory reforms, economic expansion and efforts to strengthen domestic risk management capacity. In March 2025, Valueattics Re became the first…

Adani Energy Solutions may launch another institutional share sale in the next financial year, after raising around ₹3,500 crore through a similar fundraising exercise this week, according to sources familiar with the matter. The company, part of billionaire Gautam Adani’s ports-to-power conglomerate, is considering another Qualified Institutional Placement (QIP) as it looks to strengthen its capital base and support future expansion plans. The company already has shareholder approval to raise up to ₹10,000 crore through share issuances in one or more tranches. Over the past eight months, Adani Group companies have raised approximately $4.75 billion through QIPs and rights issues.…

Bajaj Finance Limited reported a strong financial performance for the first quarter of FY27, with consolidated net profit attributable to owners rising 27.4 per cent year-on-year to ₹5,985.75 crore for the quarter ended June 30, 2026. The company’s profit growth was supported by higher net interest income and continued expansion in its assets under management (AUM). The lender’s consolidated AUM increased 23.9 per cent to ₹5.47 trillion as of June 30, 2026, compared with ₹4.41 trillion during the same period last year. The company added ₹36,969 crore to its AUM during the quarter, reflecting strong growth across its lending operations.…

UltraTech Cement, India’s largest cement producer by capacity, is planning to raise ₹5,000 crore through rupee-denominated bonds, which could become the company’s biggest bond fundraising exercise in the domestic debt market. According to banking sources, the company is in discussions with merchant bankers and arrangers to tap the bond market ahead of the Reserve Bank of India’s upcoming policy decision. The proposed fundraising is expected to be used to strengthen the company’s financial position and support its business requirements. The planned bond issue will be divided into three maturity periods — two-and-a-half years, three-and-a-half years, and five years. UltraTech Cement…