Business

The Securities and Exchange Board of India (Sebi) has approved initial public offerings (IPOs) for Innovatiview India and Park Medi World, further energizing India’s already active primary market. Innovatiview India, a technology solutions provider, is expected to channel the raised funds into product development and business expansion, while Park Medi World, a healthcare company, plans to strengthen its infrastructure and expand service capacity.

The Indian government will initiate the 13th round of commercial coal mine auctions on Thursday, a move aimed at reinforcing the country’s energy security while advancing its goal of self-reliance in fossil fuel supply. By inviting private-sector participation, the government hopes to expand coal availability, reduce import dependency, and encourage investments in mining infrastructure. The auctions are expected to draw interest from both established energy companies and new entrants, given India’s growing electricity demand.

Indian equity markets opened strong as investors reacted positively to speculation regarding potential Goods and Services Tax (GST) reforms. Both the Sensex and Nifty recorded significant gains, led by auto, banking, and consumer-focused stocks, as market participants anticipate that rationalized GST rates could boost corporate profitability and consumer spending. Analysts suggest that reduced tax burdens and streamlined compliance would enhance sectoral growth, particularly in automobiles, consumer durables, and logistics.

Marico, a leading player in India’s FMCG sector, is witnessing robust growth in its food business, signaling potential to surpass its traditional edible oil segment in the near term. The company’s diversification into value-added foods, fortified products, and health-focused offerings aligns with shifting consumer preferences toward convenience and wellness. Analysts highlight Marico’s strategic investments in product innovation, marketing, and distribution as key drivers of this transition.

Maruti Suzuki India Ltd. posted robust sales in July 2025, with its SUV and sedan portfolio driving growth. The Brezza continued to dominate the compact SUV segment, while the Dzire maintained its position as one of the best-selling sedans in the country. The Ertiga, Swift, and the newer Fronx also delivered solid volumes, reflecting the brand’s stronghold across multiple vehicle categories. The company’s diverse product range, competitive pricing, and expansive dealership network have allowed it to sustain momentum despite market fluctuations.

Equity benchmarks traded in a narrow range as investors adopted a cautious stance ahead of high-stakes discussions between the United States and Russia. With geopolitical tensions influencing global sentiment, market participants refrained from making aggressive bets, opting instead to assess potential diplomatic outcomes before rebalancing portfolios. While select sectors saw modest gains, overall activity remained subdued, reflecting an undercurrent of uncertainty.

Oil and Natural Gas Corporation (ONGC) has sanctioned an investment of ₹4,600 crore to accelerate the development of its KG-DWN-98/2 deep-water block in the Krishna-Godavari (KG) Basin. The initiative aims to enhance hydrocarbon production from one of India’s most promising offshore reserves, reinforcing the country’s energy security and reducing dependence on imports.

Toshiba Transmission & Distribution Systems (India) Pvt. Ltd. (TTDI) has inaugurated the expansion of its manufacturing facility in Telangana, a move aimed at meeting the growing domestic and international demand for advanced power transmission and distribution equipment. The upgraded plant will significantly enhance production capacity for transformers, switchgears, and other critical components, supporting India’s push toward renewable energy integration and grid modernization.

The Hinduja Group, one of India’s most prominent diversified conglomerates, has unveiled plans to invest in the Philippines, signaling its intent to strengthen its footprint in Southeast Asia. The move reflects the group’s broader strategy to tap into emerging markets with high growth potential, leveraging its expertise in sectors ranging from automotive and energy to financial services and infrastructure. This planned investment aligns with the Philippines’ ongoing economic development initiatives, offering opportunities for collaboration in key industries.

Adani Power Ltd. has announced plans to develop a 2,400 MW coal-based thermal power plant in Bihar, marking a significant stride in the state’s energy security and industrial growth. With an estimated investment running into several thousand crores, the project will be executed in phases and is expected to create thousands of jobs during construction and operation. This initiative aligns with India’s broader strategy to ensure regional power parity and strengthen electricity infrastructure in the eastern states.