Business

Adani Green Energy Ltd. (AGEL), one of India’s largest renewable energy developers, has received an upgrade in its long-term credit rating to AA with a Stable outlook. The revision reflects the company’s improving financial profile, robust project pipeline, and strengthened cash flow visibility backed by long-term power purchase agreements (PPAs). The move is expected to boost investor sentiment, lower borrowing costs, and reinforce AGEL’s position as a key player in India’s ambitious transition to clean energy.

Health and wellness brand VLCC has been fined Rs. 3 lakh by a consumer commission for publishing misleading advertisements related to its slimming treatments. The ruling comes after complaints that the company’s promotional claims exaggerated results without scientific substantiation, thereby misleading consumers. The order underscores growing scrutiny on health, fitness, and beauty service providers, particularly in a sector where consumer vulnerability is often exploited through aspirational messaging.

The Central Bureau of Investigation (CBI) has filed a case against Anil Ambani and his telecom firm, Reliance Communications (RCom), in connection with a massive bank fraud. The charges stem from allegations of misrepresentation, diversion of funds, and default on loans taken from a consortium of Indian banks. Once a telecom giant, RCom has been struggling with insolvency and mounting debt, and this probe adds another layer of complexity to its long-running financial troubles.

Bajaj Auto has resumed deliveries of its flagship Chetak electric scooter after a temporary pause caused by supply-chain bottlenecks. The resumption comes at a time when India’s electric two-wheeler market is witnessing accelerated adoption, driven by rising fuel costs, favorable policies, and a growing consumer preference for sustainable mobility solutions. With its strong brand heritage, the Chetak is positioned to compete with new-age EV manufacturers while capitalizing on Bajaj’s robust distribution network.

The revival of HMT Watches, once a household name in India, has resurfaced in policy discussions as Union Minister for Heavy Industries and Steel, H.D. Kumaraswamy, chaired a review meeting on its future prospects. Once celebrated as “India’s Timekeeper,” HMT lost market dominance following intense competition from global brands and technological disruptions in the 1990s and early 2000s. The latest review reflects a broader government push to assess the viability of legacy public-sector enterprises and explore opportunities for modernization.

Bandhan Bank, one of India’s youngest universal banks, has completed ten years of operations, marking a decade of financial inclusion, community upliftment, and sustained growth. From its origins as a microfinance institution, the bank has expanded into a full-fledged financial services provider with a nationwide presence, serving millions of customers across urban, semi-urban, and rural areas. Its journey reflects not only business expansion but also a social mission of empowering underbanked populations, particularly women entrepreneurs and small businesses.

Coal India Limited (CIL), the nation’s preeminent state-owned coal producer, has appointed Asheesh Kumar as its new Director, marking a strategic leadership change aimed at bolstering operational efficiency and sustainability initiatives. Kumar, a seasoned professional with extensive experience in energy and mining sectors, is expected to steer the company through evolving market dynamics, technological modernization, and regulatory challenges.

Snehaa Organics Ltd. is set to launch its initial public offering (IPO) on August 29, offering investors an opportunity to participate in the company’s next phase of growth. The issue has been priced in the range of Rs. 115 to Rs. 122 per share, reflecting confidence in the firm’s valuation amid steady demand in the organic and agro-based products sector. The IPO will provide the company with fresh capital to strengthen operations, expand market presence, and enhance working capital.

Wholesale and retail traders in Bengaluru faced uncertainty on Thursday as key commodity and agricultural market rates were not published, disrupting normal business activity. The absence of daily pricing updates affected buyers and sellers across essential goods, including grains, pulses, vegetables, and perishables, which rely heavily on accurate benchmark rates for fair trading. While market participants adapted through direct negotiations, the lack of standardized reference points created confusion in pricing.

Natural resources conglomerate Vedanta Ltd. has declared a dividend of Rs. 16 per equity share, underscoring its commitment to rewarding shareholders despite a volatile commodities environment. The announcement highlights Vedanta’s robust cash flow position and disciplined capital allocation strategy, even as the company navigates challenges in global markets. With a history of consistent payouts, the latest dividend reinforces the group’s focus on balancing shareholder returns with growth investments.