Business

In a significant development marking its international expansion, GHV Infra Projects has bagged a Rs. 2,645 crore contract in the United Arab Emirates. The project award underscores the company’s growing prominence in the global infrastructure sector and highlights India’s expanding role in cross-border engineering and construction services. The scope of work, though not fully disclosed, is understood to involve large-scale infrastructure development critical to regional connectivity and urban planning in the UAE.

Ashok Leyland, one of India’s leading commercial vehicle manufacturers, recorded an 8% year-on-year increase in total sales for July 2025, underscoring resilient demand in the medium and heavy vehicle segment. The company sold 17,101 units, up from 15,625 units in July 2024. The uptick was largely attributed to strong fleet purchases, government infrastructure push, and sustained growth in the logistics sector. As the economic environment stabilizes and freight movement improves, Ashok Leyland appears well-positioned to capitalize on ongoing recovery trends.

Kia India recorded an 8% year-on-year growth in vehicle sales for July 2025, signaling continued consumer interest in the automaker’s SUV-heavy portfolio. The company sold a total of 24,298 units during the month, up from 22,022 units in July 2024. The Seltos, Sonet, and Carens remained top contributors to monthly volumes, reaffirming Kia’s strong positioning in India’s competitive passenger vehicle market. Executives pointed to sustained demand across urban and semi-urban centers, along with enhanced production efficiency, as key enablers of this performance.

Amid a global pivot toward artificial intelligence and automation, Infosys has announced plans to recruit 20,000 graduates in fiscal year 2025. The move reflects the IT giant’s intent to strengthen its talent pipeline and accelerate its AI-first transformation agenda. At a time when many global technology firms are treading cautiously on hiring, Infosys is signaling confidence in long-term digital demand.

Jio Financial Services has received a capital injection of Rs. 15,825 crore from its parent company, Reliance Industries, marking a significant move aimed at strengthening the financial arm’s balance sheet and accelerating its growth trajectory. This infusion is poised to enhance Jio Financial’s lending capabilities, technology platforms, and digital infrastructure as it seeks to disrupt India’s fast-evolving financial services landscape.

Asian Paints Ltd, India’s leading decorative paints manufacturer, reported a 6% year-on-year decline in net profit for the first quarter of FY25, signaling a subdued start to the fiscal year. The company’s quarterly performance was impacted by muted sales, persistent cost pressures, and lower-than-expected demand across both domestic and international markets. Revenue also witnessed a decline, reflecting a moderation in consumption sentiment and extended monsoon-related disruptions.

Welspun Corp Ltd, a major manufacturer in the global line pipe industry, reported a 41% year-on-year increase in consolidated net profit for the first quarter of FY25, reaching Rs. 349 crore. This performance reflects the company's strong order execution, improved product mix, and enhanced operational efficiency. Revenue also showed consistent growth, supported by strong domestic demand and steady global exports.

The recent disclosure of a Rs. 26 crore annual compensation package for the CEO of Tata Consultancy Services (TCS) has sparked a wave of public debate, especially in light of the company’s decision to lay off 12,000 employees. The contrasting headlines—record executive pay versus large-scale job cuts—have intensified scrutiny around corporate governance, income disparity, and ethical leadership within India's IT sector.

Reliance Jio has launched JioPC, a compact AI-enabled cloud computing device poised to redefine personal and enterprise-level computing in India. Designed for affordability and scalability, the JioPC connects to a monitor or TV and operates via cloud infrastructure, eliminating the need for high-end local hardware. With monthly plans starting at Rs. 999, the JioPC offers access to AI tools, productivity apps, and virtual desktop environments—all stored and processed on the cloud.

Vivo is preparing to introduce its highly anticipated V60 smartphone in India this August, targeting tech enthusiasts and mobile photographers with a compelling blend of performance and premium features. Headlining the specifications are a massive 6,500mAh battery designed for all-day endurance and an advanced ZEISS-engineered camera system boasting up to 100x digital zoom.