Hindalco has earmarked Rs 50,000 cr for new capacity projects and is evaluating another Rs 50,000 cr, creating a potential Rs 1 lakh cr pipeline. The plan lifts aluminium smelting to over 2 million t and adds a 200,000‑t copper e‑waste recycling plant, positioning the group to meet a five‑fold rise in domestic aluminium demand and become a top global copper producer.
Infosys reported $5.08 bn revenue for the June quarter, a 0.83% sequential rise and its slowest growth in six years. The firm also announced Ashish Kumar Dash, a three‑decade veteran, as CEO‑designate effective April 2027, positioning him to steer the company through a tough macro backdrop.
InterGlobe Aviation posted a ₹238 crore loss for Q1 FY27, a slip from a ₹2,176 crore profit a year earlier, as fuel costs doubled and forex headwinds hit margins. Revenue still jumped 20% to ₹25,614 crore, but operating expenses rose 34%, squeezing earnings. The loss signals pressure on India’s low‑cost carrier model.
Factories producing solar panels are shutting down as domestic cell shortages force waiting times of six‑to‑eight months, inflating panel costs and jeopardizing nearly $4 billion of investment and India’s 2030 solar capacity goal. The policy aimed at cutting Chinese dependence now threatens thousands of jobs and pushes output from 3.2 GW to about 1 GW.
A parliamentary panel urged the government to create a statutory regime for virtual digital assets, warning that current securities laws leave crypto in a regulatory grey zone. It also recommended a two‑year cooling‑off for SEBI’s chairperson and full‑time members to curb conflicts of interest, and suggested interim oversight via recognized SROs.
India’s National Investment and Infrastructure Fund (NIIF), a Rs 48,000 crore quasi‑sovereign fund, has made six exits, all to its own marquee investors like Temasek and AIDA. Because the government only holds 49% and bears any downside, private partners keep the upside, raising concerns about incentives and the fund’s role in financing needed infrastructure.
The government approved Press Note 3 of 2026, allowing foreign‑funded e‑commerce firms to use inventory‑based models for shipping Indian‑made products abroad. The domestic B2C ban stays, but the move opens export channels for platforms like Amazon and Flipkart, aiming to boost overseas sales for Indian manufacturers.
The Bengaluru Bench of the NCLT ordered a stay on the insolvency bidding for Think & Learn, Byju’s parent, until the August 31 hearing. The move halts the invitation of buyers while the founders contest a ₹11,433 crore claim by US term‑loan lenders, potentially reshaping the resolution outcome.
Three US law firms, Glancy Prongay & Rotter, Frank R. Cruz, and Howard G. Smith, filed Business Wire announcements investigating whether HDFC Bank’s U.S. ADR disclosures violate federal securities laws after reports of irregular payments. The probe adds fresh pressure on the lender’s governance and could affect investor confidence in its ADRs.
You’re caught up.
That was all 9 stories in the 24 July issue.