In a move aimed at accelerating smart community living and security solutions in India’s real estate sector, ANACITY has been selected by Panasonic Corporation Electric Works Company as its preferred partner for co-creating next-generation smart home and community solutions.

NDR InvIT Trust, India’s first perpetual warehousing and industrial parks InvIT listed on the National Stock Exchange, has acquired two Grade-A, fully operational warehousing assets in Kochi and Coimbatore for a total consideration of around Rs 260 crore.

In a scale milestone that underscores the pace of consolidation and expansion in the cement sector, Aditya Birla Group’s UltraTech Cement on Friday crossed 200 million tonnes per annum (MTPA) of installed capacity in India, after commissioning three new grinding units. The additions, with a cumulative capacity of 8.7 MTPA, take domestic capacity to 200.1 MTPA, placing the company as the world’s largest cement producer outside China.

Including overseas operations, UltraTech’s consolidated global capacity stands at 205.5 MTPA, with 5.4 MTPA spread across the UAE, Bahrain and Sri Lanka.

French automaker Renault is targeting India to become one of its top three global markets by 2030 as it steps up launches and electrification efforts in the world's third-largest auto market, its global CEO Francois Provost said on Thursday.

The company plans to launch seven vehicles in India by 2030, including battery-electric models, and aims for electrified vehicles to make up about half of its sales in the country by the end of the decade, Provost said at an industry event in Chennai city.

Sberbank, largest bank in Russia and Central and Eastern Europe, has purchased two office towers in South Delhi from NBCC for around Rs 2,000 crore, a senior executive said.

NBCC has overall sold 14 lakh sq ft spread across 5 towers at Bharat Business Park (BBP), Sarojini Nagar, New Delhi, through e-auction for Rs 5779 crore.

Other buyers include some PSUs, a construction equipment company, garment exporter and one in food business.

The consolidated net profit of Jio Financial Services for the quarter ended March declined 14% year-on-year to Rs 272.2 crore, despite the consolidated total income for the reporting quarter rising 97% to Rs 1,019.7 crore. The board has recommended a dividend of Rs 0.60 per share with a face value of Rs 10 each.

Consolidation Dynamics
The company said that effective June 18, 2025, Jio Payments Bank became a wholly owned subsidiary after it had acquired State Bank of India’s remaining stake in the joint venture. Following this, the bank’s financials are now consolidated on a line-by-line basis, compared with the earlier accounting treatment under share of profit from joint ventures and associates. As a result, the bank’s operating losses were directly absorbed into consolidated numbers.

DTH operator Dish TV India said its shareholders have approved the appointment of three independent directors to its board, with 99.49% voting in favour, reinforcing confidence in the company’s strategy and execution.

The appointees are Arun Kumar Kapoor, Heena Naishadh Bhatt and Ashok Anant Paranjpe.

Oilmax Energy, which is undergoing a merger with its subsidiary Asian Energy, has set a revenue target of Rs 3,000 crore by 2028-29, as it expands across oil, gas and coal businesses while also exploring emerging segments like coal gasification.

The Mumbai-based company has laid out a roadmap across its three core verticals-resource ownership, services and West Asia operations. Each segment is expected to contribute roughly Rs 1,000 crore to revenue, taking the total topline to Rs 3,000 crore, with a projected profit of Rs 500 crore, it said.

The board of IT major Wipro on Thursday approved the proposed share buyback of up to Rs 15,000 crore through the tender offer route. This is the firm’s largest buyback exercise, and its first since 2023, when it bought back nearly 270 million shares for Rs 12,000 crore.

Under the proposal, the company will buy back up to 600 million fully paid-up equity shares of face value Rs 2 each at a price of Rs 250 per share. The proposed buyback represents 5.7 per cent of the total paid-up equity share capital.

A leading Indian defence and space engineering company on Thursday said it has partnered with a US-based firm that will enable it to bring proven air-to-air refuelling technologies and support services for the Indian armed forces.

The deal will also lead to associated services for the Indian armed forces, an official statement said.

Zerodha’s zero-brokerage approach has saved its investors over Rs 27,000 crore year-to-date since 2016, Founder Nithin Kamath said. The Bengaluru-based discount broker is one of the very few players that charge zero brokerage on delivery trades, while it charges Rs 20 per day on intra-day and futures & options (F&O).

The company would have charged Rs 50 currently if it had adjusted for inflation, as per a bulletin on the company’s website on Thursday. Its brokerage has stayed flat even as the rest of the industry revised theirs, it added.

HDFC AMC declared its earnings results for FY26 today, recording a 16.19% increase in its net profit from Rs 2,461 crore in FY25 to Rs 2,859 crore in FY26. The revenue from operations also rose by 17.7% from Rs 3,498 crore in FY25 to Rs 4,119 crore in FY26. The dividend per share also increased from Rs 45 per share to Rs 54 per share after adjustments for bonus share issuance. The basic EPS (Earnings Per Share) rose from 57.60 in FY25 to 66.80 in FY26 while diluted EPS increased from 57.40 to 66.53 on a YoY basis.

Market Penetration
In Q4, the AMC saw an increase in the revenue from operations on a YoY basis by 16.54% from Rs 901 crore in Q4FY25 to Rs 1,050 crore in Q4FY26. However, the net profit for Q4 recorded a marginal decline of 2.5% on a YoY basis from Rs 639 crore to Rs 623 crore due to an increase in employee benefit expenses and other expenses.

Hero Future Energies, part of Hero group, has a portfolio of nearly 7.2 GW of renewable energy assets spanning solar, wind, and hybrid, along with 2.3 GWh of battery energy storage systems in four countries and is looking to expand its capacity and scale up green hydrogen and hybrid projects. In an interview, Srivatsan Iyer, global CEO of the company ,tells Raghavendra Kamath about issues in the renewable energy and the company’s strategy.

How would the current geopolitical tension impact energy transition in the country?

Geopolitical developments are making one thing clear: energy security and economic stability are inseparable. Recent disruptions to critical supply routes have exposed the real cost of dependence on imported fossil fuels, and they have strengthened the case for accelerating India’s shift to domestic, clean energy. Renewable energy is no longer just a climate imperative; it is now central to building economic resilience against global price shocks and supply volatility. For India, the energy transition must be viewed through the lens of self-reliance. This is an opportunity to build a sustainable, domestically anchored energy future, and the strategic case for doing so has never been stronger.

Wipro on Thursday reported a sequential rise in net profit for the January-March quarter, exceeding Bloomberg estimates, while revenue marginally missed expectations and guidance pointed to continued demand caution.

Consolidated net profit rose 13% quarter-on-quarter to Rs 3,502 crore from Rs 3,119 crore, above Bloomberg estimates of Rs 3,462 crore. Revenue from operations increased 2.9% sequentially to Rs 24,236 crore, slightly below estimates of Rs 24,252 crore.

Mahindra & Mahindra Ltd. is at an advanced stage of assessing plans to upgrade its South African plant, according to people familiar with the matter, as India’s second-largest automaker looks to capitalize on rising demand for affordable vehicles.

The company has been working with the state-owned Industrial Development Corp. to assess the feasibility of setting up completely knocked-down, or CKD, production at its facility near the port city of Durban, the people said, asking not to be identified because the discussions are private. Mahindra already assembles semi-knocked down vehicles at the plant.

Muthoot Finance has sought shareholder approval to foray into insurance distribution in both the life and general insurance sectors. In a postal ballot notice, Muthoot Finance sought shareholders’ nod to amend the company’s Memorandum of Association to align with the Companies Act, 2013.

The company’s board of directors approved the proposal on April 10, 2026. The proposal is now subject to approval from the shareholders.

HDFC group company, HDB Financial Services, announced its Q4 and full-year FY26 results today, marking its first set of audited financials since listing in July 2025.

The NBFC delivered double-digit growth in its YoY performance, marked by steady loan growth and an advance in asset quality.

HDB Financial Services: Final Dividend Rs 2
For FY26, the company’s board has recommended a final dividend of Rs 2 per share of face value Rs 10 each. In the previous quarter too, the company had declared an interim dividend of Rs 2 per share.

Sowparnika Projects, a real estate firm with a growing presence across south India, is in advanced stages of raising Rs 500 crore to fund its expansion and scale its project portfolio over the next 18 to 24 months."We are in talks with WSB Real Estate Partners, ASK Fund Advisors and HDFC Capital. The company also has approvals for the transactions from some of them and is targeting a close at the Rs 500-crore mark," said Ramji Subramaniam, managing director of the Bengaluru-based company. "The firm is looking to develop 5.5 million sq ft over the next two years in Bengaluru, Kerala and Tamil Nadu." The company had clocked about Rs 850 crore in revenue in 2025 and is targeting a turnover of Rs 1,500 crore by the end of FY27.

JioHotstar is doubling down on premium global content in India with the launch of an HBO Max hub, deepening its partnership with Warner Bros. Discovery.

The hub will host titles from HBO, Max Originals, Warner Bros. Pictures, Warner Bros. Television and DC Studios, it said in a statement on Wednesday.

The move builds on a 2023 agreement, when Reliance Industries-controlled Viacom18 signed a three-year deal with Warner Bros. Discovery to stream HBO Originals and Warner Bros. content on JioCinema, as the platform was then known.

The Wealth Company has announced the launch of two new schemes under WSIF, its specialized investment fund offering. The schemes include WSIF Equity Long-Short Fund and WSIF Equity Ex-Top 100 Long-Short Fund.

Both investment strategies combine long-term equity investing with tactical short exposure, with an aim to help investors to participate in market upside while actively managing downside risks.