nanika Editor

In a significant move for Indian consumers, Jio-bp, the fuel retailing joint venture between Reliance Industries Ltd. and BP Plc, has announced it will not raise petrol and diesel prices immediately. This decision comes despite a sharp spike in international crude oil prices, driven largely by the ongoing conflict in West Asia. Speaking on the sidelines of a recent industry event, Jio-bp Chief Executive Akshay Wadhwa clarified the company’s stance, stating, "We are in this with the country." By maintaining current retail rates, Jio-bp joins public sector oil marketing companies in a collective effort to shield the domestic economy from…

In a landmark year for the Indian real estate sector, Godrej Properties Limited has cemented its position as the country's leading listed developer. Reporting a staggering 16 percent increase in sales bookings for the 2025-26 fiscal year, the company has outperformed its own ambitious targets and set a new industry record. Godrej Properties announced on Friday that its total booking value reached an unprecedented ₹34,171 crore during the last fiscal year. This performance comfortably exceeded the company’s initial guidance of ₹32,500 crore. According to regulatory filings, this growth was driven by the sale of over 17,500 units, representing a total…

As the global pharmaceutical landscape undergoes a seismic shift toward GLP-1 "miracle" drugs, Biocon is doubling down on a different mission: becoming the world’s primary provider of insulin. Kiran Mazumdar-Shaw, Chairperson of Biocon, recently outlined a strategic roadmap that positions the Indian firm to capture the market share being vacated by global giants like Novo Nordisk, Eli Lilly, and Sanofi. The strategy stems from a visible "recalibration" by major players. As these companies prioritize high-margin GLP-1 and incretin-based therapies, they are increasingly shifting away from complex insulin delivery systems like cartridges and pens. While GLP-1 drugs have revolutionized Type-2 diabetes…

Olam Group's global operations undergo a comprehensive digital overhaul at the center of the partnership. As a key component of this agreement, Wipro will acquire Mindsprint, Olam’s in-house IT and digital services business, for $375 million in an all-cash transaction. Headquartered in Singapore, Mindsprint brings a specialized workforce of over 3,200 professionals and a deep portfolio of proprietary "farm-to-fork" technology solutions. Wipro CEO Srini Pallia highlighted that this engagement is a pivotal step in scaling "Wipro Intelligence"—the company’s suite of AI-powered platforms—across the agricultural sector. By integrating Mindsprint’s domain expertise, Wipro aims to modernize Olam’s vast supply chain, which currently…

In a major move to bolster India’s specialty chemicals sector, Cabot Sanmar—a joint venture between the US-based Cabot Corporation and India’s The Sanmar Group—announced a significant expansion of its fumed silica manufacturing capacity on Saturday. The brownfield project, located in Mettur, Salem district, involves an investment of ₹220 crore (approximately $25 million) aimed at addressing the surging domestic demand for high-performance chemical ingredients. The foundation stone for the new unit was unveiled by Sean Keohane, president and CEO of Cabot Corporation, alongside Vijay Sankar, chairman of The Sanmar Group. This expansion is strategically timed to support India’s rapidly growing advanced…