In 2026, the AI wave, Aatmanirbhar Bharat and commercialisation of sport have been the central themes of this year’s Burgundy Private Hurun India list, which values India’s top 500 privately owned companies. According to the list, these companies have crossed an astonishing $3.4 trillion in value, putting India’s private sector ahead of nations like Canada, Spain or Indonesia’s GDP. Conglomerates retain positions Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank and TCS have emerged as the top 5 private companies on the list, with the combined value of the top 10 companies standing at ₹19.36 lakh crore, accounting for 27%…
Author: Abizar Attari
Abizar Attari
I’ve always had a fascination with storytelling. Analyzing diverse perspectives and helping people understanding them simply is my life’s motto. I live to create stories that you’d love to read. When I’m not writing, you'll find me having a leisurely stroll on the beach or in the park.
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Pune: Logistics provider Delhivery Limited has formalised a partnership with Bajaj Auto Limited to electrify its last-mile delivery vehicle fleet. Instead of fuel-guzzling cargo three-wheelers, Delhivery will be using custom-built electric cargo e-rickshaws to promote sustainable operations. Both the companies flagged off their first batch of 200 Bajaj RIKI eCarts as the company looks to expand its use across its network by 2026-27. Eventually, this would mean scaling up the fleet to 1500 such e-rickshaws across its network, including Tier 2 and Tier 3 cities. The Bajaj RIKI has been designed for reliable and durable on-road operations with low maintenance…
Vadodara: In a notable move, industrial lubricant manufacturer and distributor Maximus International Limited’s Board has approved a proposal to acquire 40% in Vadodara-based Quebec Petroleum Resources Limited for ₹18.43 crore. This marks the first step the company has taken to expand in the lubricant market. Maximus International has specialized in manufacturing and distributing automotive, industrial, and specialty lubricants to customers across the Middle East and Africa. The company now aims to leverage Quebec’s established manufacturing base, diversified product portfolio and distribution network that has been serving industrial customers and contractors across the country for over two decades. Quebec reported a…
Mumbai: The United States Food and Drug Administration (USFDA) has officially approached the Indian Drug Manufacturers’ Association (IDMA) to mitigate a critical nationwide shortage of life saving ifosfamide injection. The shortage came as a result of a technical disruption at a contract manufacturing site of Baxter International, a primary generic supplier of ifosfamide used for treating several cancers. As per a report by Reuters, this reduced capacity is expected to gradually improve through the year, as Baxter addresses the challenge at its site. Following the news, domestic companies supplying isofamide- Cipla, Zydus, Piramal Pharma, Alkem and others, surged after the…
Mumbai: Newly demerged residential developer Raymond Realty Limited has reported a 29% rise in operating income to ₹3,039 crores as the company witnessed strong pre-sales bookings. This has meant a 11% rise in consolidated net profit after tax to ₹304.59 crores as the company saw pre sale bookings rise on the back of strong market absorption for its premium projects in Wadala, Thane and BKC in the Mumbai Metropolitan Region. The company also benefited from the RBI repo rate reduction to 5.25%, which kept home loans affordable, while property registrations in Mumbai rose to a 14-year high. The company has…
Mumbai: A massive cybersecurity issue has hit India’s rapidly growing electronics manufacturing ecosystem. Tata Electronics, the company set up to assemble smartphones and electronics in India, has confirmed that it fell victim to a significant cybersecurity incident where almost 630GB or about 2,04,300 files of supplier specifications and manufacturing documents from Tesla and Apple have turned up on a hacker’s forum. Though various media outlets have claimed access to the documents, the authenticity, provenance and completeness of the data hasn’t been independently verified. “A few weeks ago, Tata Electronics identified a cybersecurity incident on some of our systems. Our response…
New Delhi: The global sugar market is all set to witness a shift as India is most likely to curtail exports this year due to the expected El Niño-led drought and the subsequent fall in production. According to a report by the Exencial Research Partners, sugar output has declined this year by about 18% from its peak in 2022, even as domestic demand has increased to record levels. According to the report, India’s sugar production has fallen to 29.3 million tonnes (MT) in FY25, an 8% year on year decline. This year, the El Niño-led drought challenge is expected to…
Mumbai: Leading industrial engineering and energy services major Asian Energy Services Limited (AESL) has bagged its first Engineering, Procurement, Construction (EPC) contract outside the Coal India group, worth ₹187.6 crore. Awarded by the state-owned Gujarat State Electricity Corporation Limited (GSECL), the contract involves modernizing the Coal Handling Plant (CHP) for Units 3 to 5 of the Ukai Thermal Power Station in Tapi district, Gujarat. The project timeline is about 2-3 years, involving end-to-end engineering, procurement, construction, and commissioning of the plant, which will be done on a lump sum EPC basis. Before this, Asian Energy, under its mineral infrastructure vertical,…
Recently, French cosmetics giant L’Oréal Paris acquired Indian Direct to Consumer (D2C) cosmetics brand Innovist, signaling a growing trend of multinationals acquiring successful D2C brands with a growing market share. The rise of quick commerce and e-commerce has disrupted the FMCG and consumer electronics segment, giving established multinational brands a run for their money. These brands owe their success to nailing the e-commerce market, which is currently valued at about $160 billion and is expected to surpass $330 billion, according to market estimates. With time, some of them have now moved beyond D2C, depending on the markets they operate in,…
Hyderabad: Aurobindo Pharma has announced that it has received approval from the US Federal Trade Commission (FTC) to acquire the Lannett Company. The cash-free, debt-free transaction is valued at $250 million and is expected to close by the end of June 2026. This Pennsylvania-based generic pharmaceutical company specialises in developing and commercializing a diversified portfolio of complex, non opioid controlled substances, strengthening Aurobindo USA’s offerings in the segment. The Lannett Company has a manufacturing site in Seymour, Indiana, with a capacity to scale production to up to 4 billion doses annually, boosting Hyderabad-based Aurobindo’s supply chain resilience and increasing domestic…
