Corporate Trends
Reliance Industries becomes first Indian company to surpass $120 bln revenue mark in FY26
Reliance Industries Limited has achieved a historic milestone, becoming the first Indian company to exceed $120 billion in revenue for the financial year 2025-26. The oil-to-retail conglomerate announced its gross revenue reached $124 billion in 2026, marking a significant expansion from its origins as a textile company in 1966.
Bernstein says Adani Group emerged stronger after short-seller episode and US developments
Adani Group has emerged stronger following past challenges. A report highlights improved financials and continued infrastructure expansion. Promoter share pledges have significantly reduced. The group's earnings show strong growth. Funding sources have diversified, easing liquidity concerns. Adani Group's core strength in large-scale infrastructure execution remains a key factor.
Noel, Chandra set to hold talks ahead of Tata Sons board meet
Tata Trusts chairman Noel Tata and Tata Sons chairman N Chandrasekaran will meet soon. They will discuss important issues before a key Tata Sons board meeting. These matters include investments and business performance. The meeting follows concerns raised by Noel Tata. It is seen as a step towards resolving differences within the group.
ET Power Table: Business leaders bullish on AI, say meaningful adoption is not far off
Indian businesses are gearing up for artificial intelligence to become central to their operations in the next four to five years. Leaders discussed AI's current role in design and repetitive tasks. They also highlighted future aspirations for superintelligent AI and the need for careful adoption. The technology promises to reshape roles and create new opportunities across various sectors.
Adani’s ₹5,700 crore Jaypee takeover gets monitoring panel to oversee execution of key deals
Adani Enterprises is embarking on a transformative journey to breathe new life into Jaiprakash Associates. With assets valued at around ₹5,700 crore, the transaction involves the transfer of pivotal operations, including major power facilities and a thriving fertilizer business, to Adani Group subsidiaries.
KG Basin case: Supreme Court refuses to pause hearing for 'mediation'
The three companies wanted a bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and Vipul M Pancholi to stop the hearing in the case till the mediation is over as they wanted "attempt mediation" for deciding the case.
GCCs in India: The story so far
India's global capability center landscape is booming, serving as a catalyst for technological and service-driven growth. While discussions on quantifying its impact persist, it’s notable that multinational exports are anticipated to hit $164 billion by 2025-26. The workforce has expanded to a remarkable 4.2 million, with AI set to revolutionise job roles.
HeadsUp B2B sees Rs 2,500 crore revenue by 2030: Founder
HeadsUp B2B anticipates Rs 2,500 crore revenue by 2030 at current investment levels. Achieving Rs 10,000 crore requires additional funding and strategic investors. The company is enhancing gross margins by adding higher-margin products and services. Expansion into turnkey solutions and new sectors like coal and mining is planned.
Krishna-Godavari basin dispute: Reliance and others seek mediation, SC refuses to halt hearing
Reliance Industries Limited and two foreign partners told the Supreme Court they will ask the Indian government to resolve the Krishna-Godavari (KG) Basin gas migration dispute through mediation.
Adani Group will start business in big way in US because allegations have been withdrawn: Senior Advocate HP Ranina
The US Department of Justice has permanently dismissed criminal fraud charges against Gautam and Sagar Adani. This decision, following a payment without admitting guilt, is expected to boost Adani Group's shares and facilitate their expansion into the US market. Prosecutors cited a lack of evidence as the reason for withdrawing the case.
Must Watch
US HR tech firm Isolved opens GCC in Hyderabad, its biggest campus outside the US
US-based HR tech firm isolved has established its largest global capability center outside the US in Hyderabad, India. The company plans to hire 400 employees by 2027 to scale engineering, AI, and product development for its human capital management products. Hyderabad was chosen for its infrastructure, existing HR tech ecosystem, and talent pool.
Ujjwal Chaudhry joins Analysys Mason to co-lead Global Consumer Internet Practice
Analysys Mason has appointed Ujjwal Chaudhry as Partner and Global Co-Head of its Consumer Internet Practice. Based in New Delhi/Gurugram, Chaudhry will lead global expansion in the consumer internet sector. With over 17 years of experience, he joins from Redseer Strategy Consultants. His focus will be on IPO advisory, commercial due diligence, and corporate strategy for digital economies.
US DoJ drops charges against Adanis, others
US authorities have dropped criminal charges against Gautam Adani and Adani Group executives. This follows a 19-month investigation. The conglomerate also settled civil sanctions charges with the US Treasury Department for $275 million. These developments open new avenues for Adani Group businesses to raise funds and invest in the US. The group faced significant challenges during the investigation period.
N Chandrasekaran to address Noel Tata's concerns at Tata Sons board meeting
Tata Sons chairman N Chandrasekaran will address business concerns, including Air India losses and new ventures, at an upcoming board meeting. This comes as Tata Trusts chairman Noel Tata raised questions, deferring a decision on Chandrasekaran's reappointment for a third term. The meeting is crucial for formal approval amidst ongoing discussions about Tata Sons' unlisted status.
US Justice Department drops all criminal charges against Gautam Adani, closes case permanently
US authorities have dropped criminal fraud charges against Gautam Adani. This follows a $275 million settlement for a probe into sanctions violations. Adani had promised a $10 billion investment in the US economy. His lawyer argued the case was weak and investment was contingent on dismissal. The settlement involved apparent violations of OFAC's Iran sanctions.
India remains on a credible growth path despite fragmented global landscape: N Chandrasekaran
India shows strong economic growth amidst global uncertainty. This is fueled by its young population, digital advancements, and government support. Tata Consumer Products sees this as a robust market. The company is adapting to consumer trends like premiumization and health. It is expanding its portfolio and capabilities for future growth. Diversification and disciplined execution will drive future opportunities.
