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Aditya Birla Group proposes $1.26 billion expansion of Odisha alumina refinery
Aditya Birla Group plans a significant expansion for its Odisha alumina refinery. The company will invest an additional $1.26 billion to triple its current capacity. This substantial investment will bring the total proposed expenditure to about $2.1 billion. The expansion project will be managed by the group entity Hindalco Industries. This development aims to significantly boost alumina production in the region.
SIF AUM jumps 29% to Rs 17,858 crore in June; inflows surge 171% MoM
Specialised Investment Funds saw assets grow significantly in June 2026. Total inflows into these funds also experienced a substantial increase. Hybrid Long-Short Funds continued their dominance within the SIF segment. The broader mutual fund industry also reported healthy investor participation during the month. SIP contributions reached a record high, indicating sustained retail interest.
ONGC to undertake 1.75 MMT strategic oil reserve expansion at Mangaluru
ONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's energy security network. India is strengthening its reserves after recent global supply chain disruptions. Additional SPR facilities are also being developed in Odisha and Karnataka. This increases India's total oil storage capacity to approximately seventy-four days.
TCS' next growth phase hinges on AI investments, not just deal momentum
Tata Consultancy Services reported flat dollar revenue and margin contraction in the June quarter. AI revenue shows growth but remains a small part of total earnings. The company paid significant dividends, impacting its ability to invest internally. Sustained order flow and stable attrition offer some long-term hope. TCS needs to balance investor returns with future technology investments.
Battery Smart raises Rs 124 crore debt
Battery Smart secured debt funding to expand its battery swapping network. This investment will support infrastructure growth in urban and semi-urban markets. The company's model allows quick battery exchanges for electric vehicle users. Battery Smart currently operates over 1,600 stations in more than 70 cities. This funding boosts responsAbility's total commitment to Battery Smart significantly.
India's mutual fund industry just beat FIIs in a historic first. Here's what changed
India's mutual fund industry has overtaken foreign institutional investors in total assets under custody for the first time, marking a historic shift in market ownership. Strong SIP inflows and sustained domestic participation have driven the milestone, even as FII holdings declined amid continued selling and changing global investment trends.
Swiggy gains 6% after foreign investment hits 49.76%; IOCC status in focus
The company has informed the exchanges that total foreign investment in Swiggy stood at approximately 49.76 per cent of the total paid-up equity share capital as of July 6, 2026
Stock Alert: Trent, Titan Company, Varun beverages, Cochin Shipyard
Varun Beverages wholly owned subsidiary, VBL Industries (Kenya) has entered into an agreement to acquire dairy beverages, juices and packaged drinking water of Devyani Food Industries (Kenya) for total consideration of $32 million (Rs 305 crore).
Trent Q1 business update: Revenue grows 19%, store network expands
Tata Group's Trent reported a 19% YoY revenue growth to ₹5,666 crore for the June quarter. The company expanded its retail presence, with a total of 1,312 outlets. Trent's share rebounded strongly after a significant decline, up 17.2% in 2026 but still off its record high.
Total automobile retail sales in India grew by 21.83% on year in June: FADA
Total automobile retail sales in India grew by 21.83 per cent year-on-year at 25,57,234 units in June, with the industry remaining cautiously optimistic going forward hoping for monsoon to make up for the deficit, Federation of Automobile Dealers Associations said on Monday. In June last year total automobile retail sales in India stood at 20,98,996 units, Federation of Automobile Dealers Associations (FADA) said in a statement. Passenger vehicles (PV) retail sales were at 4,10,853 units last month as compared to 3,19,412 units in June 2025, a growth of 28.63 per cent, it added.
India's auto retail sales record best-ever June performance across segments
Total vehicle retail sales reached 25,57,234 units in June 2026, registering 21.83% yearly growth and a 1.03% increase over May.
Kotak Mahindra Bank shares fall over 3% after Q1 update; advances jump 15% to Rs 5.12 lakh crore
Kotak Mahindra Bank's shares dipped over 3% following its Q1 FY27 business update. While net advances saw a healthy 15% year-on-year jump to Rs 5.12 lakh crore, and total deposits grew nearly 12%, a sequential slowdown in deposit growth and a dip in current and savings account deposits may have concerned investors. The bank also recently announced the acquisition of Deutsche Bank's India retail and wealth management business.