Business

Indian electric mobility company Ola Electric has expanded its vehicle upgrade initiative to more than 150 cities, strengthening its strategy to accelerate electric vehicle adoption across the country. The program enables existing customers to upgrade their scooters with improved features, software enhancements, and performance improvements without purchasing an entirely new vehicle. The move reflects the company’s broader focus on improving customer retention and building long-term product ecosystems.

Nikon India has launched a new immersive retail space in Chennai, reinforcing its strategy to strengthen direct engagement with photography enthusiasts and professionals. The Experience Zone is designed to offer customers hands-on interaction with the company’s latest imaging technology, including cameras, lenses and accessories. As the photography market evolves with rising content creation and digital storytelling, brands are increasingly investing in experiential retail formats.

Shares of GSP Crop Science surged during their stock market debut, reflecting strong investor confidence in India’s expanding agricultural and agrochemical sector. The company’s listing attracted robust demand from institutional and retail participants, driving the stock above its issue price shortly after trading began. Analysts attribute the positive reception to the firm’s growth prospects in crop protection products and the broader momentum within India’s agriculture supply chain.

India’s largest private-sector conglomerate, Reliance Industries Limited, has firmly denied allegations that it has resumed purchases of crude oil from Iran in violation of international sanctions. The company clarified that its energy procurement practices comply fully with applicable global regulations and trade restrictions. The denial comes amid heightened scrutiny of global oil flows and enforcement of sanctions affecting energy trade.

India’s state-owned telecom operator Bharat Sanchar Nigam Limited (BSNL) is preparing for a major network expansion by installing additional telecom towers nationwide, a move expected to strengthen connectivity and support rising data demand. The initiative comes as the company anticipates double-digit profit growth following operational restructuring and renewed government backing. Analysts say the expansion strategy is designed to improve coverage, enhance service quality, and position BSNL more competitively in India’s dynamic telecom market.

Wipro has inaugurated a state-of-the-art innovation lab in Seoul, South Korea, aimed at accelerating research and development in emerging technologies, including artificial intelligence, IoT, cloud computing, and smart manufacturing solutions. The facility is designed to foster collaboration with local enterprises, startups, and academic institutions, enabling co-creation of advanced digital solutions for global clients.

India’s largest automobile manufacturer, Maruti Suzuki India Limited, is accelerating its logistics transformation by significantly expanding rail-based vehicle transportation. The company aims to increase the share of cars dispatched by rail to 35 percent by FY31, up from roughly 24 percent currently. The initiative reflects a broader strategy to reduce carbon emissions, lower logistics costs, and improve delivery efficiency across the country. By collaborating closely with Indian Railways, Maruti Suzuki is strengthening a more sustainable supply chain.

Tata Capital Limited has received a tax demand of Rs 413 crore from Indian authorities, marking a significant regulatory development for the financial services arm of the Tata Group. The demand reportedly stems from disputed tax assessments related to previous financial periods. While the company maintains that its accounting and tax practices comply with applicable regulations, it is evaluating legal options to challenge the claim. Market analysts say the issue underscores the growing scrutiny faced by large financial institutions.

Escalating geopolitical tensions linked to the Iran conflict are creating financial headwinds for global airlines, with Air India among the carriers feeling the economic strain. Disruptions to traditional flight corridors, higher fuel costs, and longer travel routes are increasing operational expenses across international aviation networks. For Air India, the need to reroute aircraft around restricted airspace has led to extended flight times and rising fuel consumption, affecting profitability.

Skoda Auto India has outlined an ambitious growth strategy for 2026, aiming to increase vehicle sales by approximately 12% as it strengthens its presence in India’s rapidly expanding automotive market. The company’s roadmap includes expanding dealership networks, enhancing product portfolios, and deepening its localization strategy to improve affordability and supply chain efficiency. With rising consumer demand and intensifying competition among global manufacturers, Skoda is focusing on technology-driven models and customer-centric services to drive sales momentum.