Business - The Purbottar

18 Jul

Skyroot Scripts History: Vikram-1 Orbital Mission Aced on First Attempt

anuprova EditorBusiness

In a monumental milestone for India’s commercial space sector, Skyroot Aerospace successfully completed its first orbital launch as the Vikram-1 rocket placed its payloads precisely into Low Earth Orbit. The critical mission, aptly named Mission Aagaman, lifted off from the historic Satish Dhawan Space Centre in Sriharikota following a brief planned technical hold. The multi-stage vehicle, towering nearly seven storeys tall, functioned flawlessly across all four propulsion stages to deliver a textbook launch and subsequent deployment sequence on its very first try. The successful flight marks the first time an Indian private aerospace enterprise has independently developed and flown an…

17 Jul

Shyam Metalics commissions aluminium foil plant in Odisha, targets September launch for FRP facility

Business BureauBusiness

Shyam Metalics and Energy Ltd. has commenced commercial production at its aluminium foil manufacturing facility in Sambalpur, Odisha, marking a key milestone in its expansion into value-added downstream aluminium products. The company is investing around ₹800 crore in the aluminium facilities, with its Aluminium Flat Rolled Products (FRP) plant scheduled to begin commercial operations by the end of September 2026. The newly commissioned aluminium foil unit, operated by SMEL Steel Structural Pvt. Ltd., has an installed capacity of 18,000 tonnes per annum (TPA) and will manufacture premium-grade foils ranging from 6 to 40 microns in thickness. The upcoming FRP facility…

17 Jul

MG strengthens new energy strategy with India’s first multi-NEV platform

Business BureauBusiness

JSW MG Motor India has strengthened its long-term electric mobility strategy with the unveiling of MG ADAPT (Advance Drive Architecture Platform Technology), India's first Multi New Energy Vehicle (NEV) platform designed to support Electric Vehicles (EVs), Hybrid Electric Vehicles (HEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Range Extender Electric Vehicles (REEVs) on a single intelligent architecture. The company also announced plans to introduce one EV and one PHEV built on the platform by FY 2026-27, expanding its future-ready product pipeline. Developed as a modular architecture, MG ADAPT integrates a dedicated hybrid engine, a dedicated battery system, India's first 10-in-1 Intelligent…

17 Jul

Medtronic, Apollo Hospitals launch advanced ICU in Hyderabad to boost critical care innovation

Business BureauBusiness

Global healthcare technology company Medtronic and Apollo Hospitals have partnered to establish an advanced 11-bed Intensive Care Unit (ICU) at Apollo Hospitals, Jubilee Hills, Hyderabad, aimed at strengthening critical care infrastructure and accelerating healthcare innovation. Branded as the “ICU of the Future,” the facility integrates Medtronic’s Acute Care & Monitoring (ACM) technologies and is expected to serve as a real-world clinical innovation hub for the company’s research and development initiatives. The Memorandum of Understanding (MoU) was signed by Dr. Sangita Reddy, Joint Managing Director, Apollo Hospitals Group, Manpreet Singh, Chief Executive Officer, Apollo HealthAxis, and Mandeep Singh Kumar, Managing Director…

17 Jul

JSW Steel Reports Strong Q1 Performance, Revenue Rises Nearly 10%

nanika EditorBusiness

JSW Steel has reported a strong financial performance for the first quarter of the financial year 2026-27, with its consolidated net profit more than doubling year-on-year to ₹4,696 crore. The company had posted a net profit of ₹2,209 crore in the same quarter last year. The steel major’s revenue from operations increased by 9.8 per cent to ₹47,364 crore during the quarter ended June 30, 2026, compared with ₹43,147 crore in the corresponding period a year earlier. The company’s total income also rose by 10.6 per cent to ₹48,088 crore. Profit before tax witnessed a significant rise of 100.5 per…

17 Jul

Tata Sons and SP Group Explore Complex Share-Swap Structure to Resolve Valuation Stalemate

anuprova EditorBusiness

In a bid to resolve their long-standing corporate standoff, Tata Sons and the Shapoorji Pallonji (SP) Group have initiated fresh discussions to explore a potential share-swap arrangement. This deal aims to help the debt-laden SP Group monetise an estimated 7% of its 18.37% holding in Tata Sons, the unlisted holding company of the massive Tata conglomerate. Under the proposed structure, the SP Group would exchange its unlisted Tata Sons shares for a basket of liquid, publicly listed Tata group equities. This arrangement offers a crucial liquidity route for the Mistry family-led group to address its pressing ₹60,000 crore debt burden,…

16 Jul

Sunrise Pure serves thousands of devotees through Shuddhotsav at Ambubachi Mela

Business BureauBusiness

Sunrise Pure Masala, part of ITC Ltd., organised its flagship Shuddhotsav initiative during the Ambubachi Mela 2026 at the Kamakhya Temple in Guwahati, serving thousands of devotees through a community outreach programme held from June 21 to 26. As part of the six-day initiative, the brand served freshly prepared khichdi to more than 500 devotees every day and engaged with over 3,000 visitors at the festival venue. The programme combined community service with consumer engagement activities, reinforcing the brand's presence among devotees attending one of Northeast India's largest and most revered religious gatherings. Commenting on the initiative, Piyush Mishra, Business…

16 Jul

World of Hyatt expands HYROX partnership to India, launches race-cation experience

Business BureauBusiness

World of Hyatt has expanded its regional collaboration with fitness racing series HYROX to India, offering a range of travel and hospitality benefits aimed at racers and spectators attending upcoming events in the country. The expansion builds on Hyatt's role as the Official Regional Hotel Partner for HYROX across Asia Pacific and introduces the race-cation concept to Indian race destinations. As part of the initiative, actor and fitness enthusiast MilindSoman has joined the collaboration to promote fitness-focused travel experiences. HYROX, one of the world's fastest-growing fitness racing series, combines running with functional workout stations in a standardised race format and…

16 Jul

TCS, Google Cloud Partner to Accelerate AI Adoption Across Consumer Industries

nanika EditorBusiness

Tata Consultancy Services (TCS) has launched a Gemini Experience Centre (GEC) in Kolkata in collaboration with Google Cloud to showcase artificial intelligence-led innovations for consumer-focused businesses. The new facility is part of TCS’s global initiative to establish industry-focused AI innovation hubs. The Consumer Business Group (CBG) Gemini Experience Centre is the third such facility launched by TCS in India, following centres in Chennai and Bengaluru. The company plans to establish 10 Gemini Experience Centres worldwide by the end of 2026, including four in India. The Kolkata centre will enable enterprises in sectors such as retail, consumer packaged goods, and travel,…

16 Jul

Tech Mahindra’s Looming Q1 Earnings: Analyst Outlook and Key Actionable Strategies for Investors

anuprova EditorBusiness

As IT major Tech Mahindra prepares to announce its first-quarter earnings on Thursday, July 16, 2026, investors find themselves weighing a mix of robust profit expectations and broader macroeconomic headwinds. Market brokerages anticipate the telecom-focused company will register a double-digit expansion in profit, bolstered by the ongoing ramp-up of large telecom contracts secured in previous quarters and successful internal cost-optimization programs. Estimates place sequential constant currency revenue growth at a modest one percent, with EBIT margins projected to tick upward toward the fourteen percent mark. While the projected earnings surge paints a positive short-term picture, the ultimate recommendation of whether…