Market News
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Accel, Nikhil Kamath-backed Sarla Aviation completes flight test campaign of demo e-aircraft
Bengaluru-based Sarla Aviation, backed by Nikhil Kamath, has successfully completed flight tests for its electric aircraft technology demonstrator, Sylla. This milestone precedes the planned 2028 launch of their full air taxi, Shunya. Sylla 1.0 validated key engineering objectives, including vertical take-off and hover capabilities, marking a significant step for India's urban air mobility sector.
Slumdogs no more: Can tycoons take the Mumbai Model to other cities?
India's top business tycoons like Adani and Ambani are shifting focus from city outskirts to redeveloping Mumbai's older housing and slum areas. This strategic move, driven by scarce and expensive greenfield land, aims to transform decaying urban pockets. Major projects are underway, signaling a new era of large-scale urban regeneration that could serve as a model for cities nationwide.
Urban Harvest in talks to raise ₹300 crore at ₹1,500 crore valuation
The round is expected to include existing investors such as Info Edge, the family office of Mankind Pharma, and angel investor Sandeep Kapadia, among others.
P&G India flags pressure on consumer demand, input costs
Procter and Gamble India sees rising costs and softening urban demand, with company executives saying inflation will impact consumer spending. However, despite near-term challenges, P&G maintains a positive long-term outlook for India.
Vietnam’s Vingroup-backed Green SM to expand India’s office space presence with Urban Vault
Green SM, Vietnam's electric ride-hailing service, is expanding its Indian operations. The company has partnered with Urban Vault for flexible workspaces. Green SM has leased 500 seats in Gurugram and plans to take 1,000 more in Noida and other cities. This collaboration supports Green SM's launch and growth across India, aiming to promote sustainable urban mobility.
Manipal Health picks up hospital building in Bengaluru through 30-year lease
Manipal Health Enterprises has secured a large hospital building in Bengaluru's Yelahanka area. The lease spans nearly 30 years, with total rental payments projected at over Rs 816 crore. This move signifies the hospital chain's ongoing expansion across major Indian cities. The transaction underscores the growing trend of healthcare operators prioritizing long-term occupancy in prime urban markets.
Q4 results today: Asian Paints, IndiGo, IREDA, Glenmark Pharma - 131 companies to announce earnings on 29 May
A total of 131 companies are slated to announce Q4 results on May 29, including Asian Paints and IndiGo. Analysts predict weak performance for Asian Paints due to urban demand issues, while NMDC's results may reveal vital industry insights on iron ore prices and demand trends.
India’s scorching nights strain power grid and threaten health
India faces a dual threat from dangerously hot summers and increasingly sweltering nights, exacerbated by global warming and urban heat islands. This sustained heat strains both people and power infrastructure, leading to record energy demand and widespread blackouts, particularly impacting vulnerable populations.
Engineers India Ltd leads losers in 'A' group
Ganesha Ecosphere Ltd, Central Bank of India, Max Healthcare Institute Ltd and GMR Power & Urban Infra Ltd are among the other losers in the BSE's 'A' group today, 22 May 2026.
Paytm, Urban Company among 10 companies with highest FII shareholding in Q4. Check full list
Foreign investors are showing interest in select Indian companies. Despite a significant outflow from Indian equities, some firms have attracted substantial FII investment. Le Travenues Technology leads with the highest FII stake. Other notable companies include 360 One WAM, Redington, CarTrade Tech, and Agarwal's Health Care.
Star Health to launch affordable health insurance plans targeting tier 2, 3 markets
As healthcare expenses soar, Star Health is bracing for premium increases in the next fiscal year. In a proactive move, the insurer is rolling out a series of affordable health insurance options tailored for smaller urban areas. These plans will incorporate a curated list of hospitals to not only streamline costs but also enhance accessibility for policyholders in these communities.
Q4 Results This Week: L&T, BHEL among 120-plus companies set to report numbers
From Nifty 50 names like Larsen & Toubro, Mahindra & Mahindra, Titan, Bajaj Auto, Tata Consumer, to important broader market names like BHEL, Manappuram Finance, Lupin, Petronet LNG, Urban Company, Paytm and others, these companies will be reporting their March quarter results over the course of this upcoming week.