Corporate Trends
Jio Platforms replaces CEO Kiran Thomas with Pankaj Pawar ahead of IPO
Jio Platforms has appointed Pankaj Pawar as its new chief executive officer. This leadership change occurs ahead of the company's planned initial public offering. The company aims to raise approximately USD 4 billion through this significant stock offering. Jio Platforms seeks to unlock value from its diverse telecom and digital services businesses. This upcoming IPO is poised to become the largest in India's history.
As competitive pressure builds, India's boardrooms rethink leadership strategy
As volatility reshapes India's business landscape, boardrooms face pressure to modernise leadership strategy. This piece examines the widening gap between old playbooks and today's realities: AI, geopolitics, succession.
Nippon Paint offers $8.6 billion for AkzoNobel unit, Bloomberg News reports
Nippon Paint has reportedly made new offers for AkzoNobel's decorative paints unit. The latest proposal values the business at approximately seven point five billion euros. AkzoNobel's management has not engaged with Nippon Paint regarding this offer. Instead, AkzoNobel is proceeding with a planned merger with Axalta. Paint companies are seeking mergers to manage rising costs and competition.
Adani, Actis among firms on list for Polaris Metering as race intensifies
Polaris Smart Metering's sale process is advancing with four infrastructure majors shortlisted. Adani Energy Solutions and Apraava Energy are among those in the second negotiation round. Binding bids are expected by early August, valuing the company around ₹1,500 crore. This development follows I Squared Capital's exploration of an exit from the smart meter provider. The government's ambitious smart meter installation scheme drives significant market opportunities.
Industry associations hail Bengal CM's land purchase policy, see end to acquisition roadblock
West Bengal's Chief Minister announced direct land purchases for investors. This initiative aims to remove significant investment obstacles and boost confidence. Business associations welcomed the move, calling it a catalyst for development. The policy contrasts with the previous government's approach to land acquisition. This streamlined process will accelerate industrial growth and create employment opportunities.
Daiki Axis setting up 3rd plant in India, bets big on sustainable water treatment sector
Japan's Daiki Axis will invest Rs 200 crore for a new manufacturing facility in Tumakuru, Karnataka. This facility will produce decentralized wastewater treatment systems using proprietary Johkasou technology. The expansion aims to meet India's growing demand for sustainable water recycling solutions. This investment supports India's 'Make in India' initiative and urban development goals. The new plant will enhance local manufacturing and reduce import dependence for these systems.
DLF Chairman Rajiv Singh's remuneration rises 20% to Rs 44.06 cr in FY26
DLF Chairman Rajiv Singh's remuneration rose 20% to Rs 44.06 crore in FY26, driven largely by a Rs 41.74 crore performance-linked commission, according to the company's annual report.
NCLAT allows withdrawal of insolvency case against Oswal Overseas after settlement with creditor
The National Company Law Appellate Tribunal allowed Oswal Overseas' appeal withdrawal after a settlement. Oswal Overseas and LH Sugar Factories informed the tribunal about their amicable dispute resolution. A demand draft for Rs 2.80 crore was handed over to LH Sugar Factories. The tribunal dismissed an appeal challenging the insolvency proceedings against Oswal Overseas. This decision followed an earlier NCLT order directing insolvency resolution against Oswal Overseas.
Brands divided on influencers: HUL, Myntra scale creator push; Amul stays old school
Indian consumer brands exhibit contrasting views on the efficacy of influencer marketing for engaging customers. Companies such as Hindustan Unilever and Marico are broadening their creator networks to boost social media presence. Meanwhile, Amul and Perfetti Van Melle choose to emphasize distinctive brand storytelling instead of relying on influencers. E-commerce platforms like Flipkart and Myntra, however, are pouring resources into creator-led content, highlighting a significant transformation in brand marketing strategies.
Companies fold back discounts as cost clouds hang low
Companies are also putting fewer products on sale, signalling a shift away from aggressive promotions despite ongoing end-of-season sales, said industry executives. Electronics and smartphone brands have cut direct discounts on maximum retail prices, cashback offers and card-based promotions by 5-7 percentage points compared to last year, according to market tracker Counterpoint Research.
Must Watch
Trademark Case: HC refuses to stay order against Google
The Delhi High Court division bench refused to stay a judgment against Google. This ruling found the tech firm liable for trademark infringement concerning Hindware. Google appealed this decision, and the court sought a response from Hindware. The bench noted potential confusion from displaying competitor websites. Google's appeal for final disposal is scheduled for July twenty-fourth.
ET Graphics: Domestic investors overtake foreign funds at Swiggy in a show of home advantage
Domestic investors now hold majority stakes in Swiggy, reducing foreign holdings. Several foreign institutional investors have significantly reduced their stakes in the hyperlocal platform. Meanwhile, domestic institutional investors have increased their holdings in Swiggy. This shift moves Swiggy closer to Indian-owned and controlled company status. The company will restructure its board to achieve this new designation.
Naveen Jindal plans Rs 70,000 cr investment in Jharkhand in steel, nuclear, RE space
Naveen Jindal Group plans significant investments in Jharkhand's industrial sector. Over Rs 70,000 crore will fund steel, nuclear, and renewable energy projects. This initiative aims to boost manufacturing and create thousands of new jobs. Nuclear energy will provide reliable, clean power for industrial growth. The group's commitment reflects confidence in Jharkhand's economic future.
Atelier Expressions aquires majority stake in Delhi based mithai brand Khoya
Atelier Expressions will acquire a majority stake in Khoya, the handcrafted mithai brand. This significant transaction is expected to be completed by the end of August 2026. Khoya's founder, Sid Mathur, will continue leading operations and execution for the business. The partnership aims to scale Khoya's presence across India and explore new collaborations. This move signifies Atelier Expressions' interest in contemporary Indian culinary traditions.
TVS VENU's Atelier Expressions to acquire majority stake in Delhi's luxury mithai brand Khoya
Atelier Expressions will acquire a majority stake in Khoya. This luxury handcrafted mithai brand was founded by Sid Mathur in 2016. The transaction is expected to be completed by the end of August 2026. Mathur will continue to lead Khoya's operations and team. This partnership aims to expand Khoya's reach across India.
Indian business optimism weakens as margin pressures weigh: HSBC survey
Indian private sector firms show reduced optimism for the year ahead. Companies are scaling back hiring plans due to rising costs and competition. However, investment in capital expenditure and R&D spending remains strong. Firms expect softer demand and volatile commodity prices to impact profitability. Business confidence has weakened, reflecting global uncertainty and policy concerns.
