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 05 Aug 2026 10:45 AM   EconomicTimes

Ola Electric expands into utility-scale energy storage; signs first MoU with Axis Energy

Ola Electric has signed an MoU with Axis Energy to explore deploying up to 20 GWh of battery energy storage systems by 2032. The partnership marks the first large-scale commercial agreement for Ola's upcoming Mahashakti energy storage platform, which is set to launch on August 15, and aims to support India's growing demand for grid-scale energy storage.

 05 Aug 2026 10:00 AM   EconomicTimes

Cautious optimism in India's hospitality and travel sector amid West Asia crisis

Indian travel companies and hotels expect a strong current quarter performance. Buoyant domestic travel and upcoming events will offset West Asia conflict impacts. Corporate travel and MICE segments show encouraging signs of recovery. Forward bookings indicate a positive outlook for the remainder of the year. Industry revenues are projected to grow steadily in the coming years.

 05 Aug 2026 09:48 AM   EconomicTimes

Aastha Spintex announces Rs 51.46 crore order book for Falcon Yarns

Aastha Spintex has secured a Rs 51.46 crore order book for Falcon Yarns. This strong demand visibility extends through October 2026. The company reported a net profit of Rs 23.8 crore for the fiscal year 2025-26. Total income also increased to Rs 443.40 crore in FY26. Aastha Spintex's board approved a 1:1 bonus issue of equity shares.

 05 Aug 2026 09:09 AM   EconomicTimes

Lutyens Delhi's rents are touching ₹20 lakh per month & there're no homes for sale

Luxury rentals in Delhi's Lutyens Bungalow Zone are soaring as a severe shortage of homes for sale pushes affluent families, diplomats and corporate executives towards leasing premium properties. Rentals in areas such as Golf Links and Sunder Nagar have doubled in some pockets over the past few years, with monthly rents touching ₹20 lakh amid tight supply and robust demand.

 05 Aug 2026 08:54 AM   EconomicTimes

PVR Inox bets on ₹175 tickets to win small-town India

PVR Inox plans to launch 300 affordable cinemas in smaller towns. Tickets will be priced under two dollars to attract new audiences. This expansion aims to diversify revenue beyond major metropolitan areas. The company expects upcoming film releases to sustain box office momentum. Alternate events will also boost occupancy during slower periods.

 05 Aug 2026 07:06 AM   EconomicTimes

SIAM withdraws letter on fuel quality, says automobile industry fully supportive of E20 initiative

SIAM has clarified media reports concerning fuel quality parameters. The organization highlighted rigorous testing and ongoing technical discussions with stakeholders. SIAM emphasized the government's E20 initiative and its full support. Precautionary measures for ethanol blending meet industry needs effectively. The automobile industry and OMCs routinely address these fuel quality matters.

 05 Aug 2026 05:30 AM   EconomicTimes

L&T bags ultra mega Adnoc Offshore order worth over ₹15,000 crore

Larsen & Toubro's offshore business secured a major order exceeding fifteen thousand crore rupees. This prestigious contract comes from Adnoc Offshore for a significant project in West Asia. The engineering and construction conglomerate will lead the development of multiple offshore facilities. Fabrication work will be undertaken at L&T's own fabrication yards. This collaboration supports the UAE's energy ambitions through innovative offshore solutions.

 05 Aug 2026 05:30 AM   EconomicTimes

'There could be no Netflix globally without India': Ted Sarandos on growth, cricket and AI

India represents a crucial market for Netflix's future global expansion and growth. The company sees enormous potential for subscriber additions in this large market. Netflix is investing continuously across genres to deliver fresh programming at scale. Live sports rights are an opportunity, but unique Netflix events are the focus. The company is happy with its India business economics and progress over the decade.

 05 Aug 2026 05:30 AM   EconomicTimes

JSW eyes standalone JV to drive Volkswagen alliance in India

JSW Group plans a new entity for its Volkswagen alliance talks. This partnership will focus on mass-market VW and Skoda vehicles. Manufacturing assets and operations will transfer to the new standalone company. JSW aims for majority economic interest and leadership in the joint venture. Both companies target signing an agreement in the coming weeks.

 05 Aug 2026 01:10 AM   EconomicTimes

Tesla's China-made EV sales up 38% on-year

Tesla's China-made electric vehicle sales saw a significant rise last month. Sales from the Shanghai plant increased by 37.8 percent year-on-year. This marks the ninth consecutive month of positive sales growth for the automaker. Model 3 and Model Y vehicles totalled 93,579 units in July. This figure also represented a 5.0 percent increase from the previous month.

 05 Aug 2026 01:07 AM   EconomicTimes

IRDAI asks insurers to fast-track Assam flood claims

Insurers must expedite flood claim settlements for affected policyholders. The regulator has directed immediate deployment of surveyors and loss assessors. Special district-level claims desks and 24x7 helplines will be established. Electronic communication is encouraged to speed up claim registration and payments. This directive follows heavy rains and floods which began on July 19.

 05 Aug 2026 01:04 AM   EconomicTimes

Airtel Q1 net up 35% on postpaid, data user surge

Bharti Airtel reported a 35.45% year-on-year net profit increase for the June quarter. This growth was fueled by strong performance in its India mobile operations and Africa business. The company achieved record postpaid net additions and saw growing smartphone data customers. Bharti Airtel's average revenue per user reached the sector's highest at ₹264. Consolidated revenue also increased significantly, reflecting broad business strength.

 05 Aug 2026 01:01 AM   EconomicTimes

Microfinance lending dips as uneven monsoon alters the landscape

India's microfinance sector contracted in the first quarter after a previous rebound. Uneven monsoon progress weighed on rural demand and lender caution grew. The sector's portfolio shrank four percent to ₹3.26 lakh crore by June end. Business usually slows during this period, but rainfall added concerns. Lenders remain cautious about growing loans due to uncertain patterns.

 05 Aug 2026 12:56 AM   EconomicTimes

Value meals, store traffic drive QSR chains' recovery

Restaurant chains experienced a significant recovery in the April-June quarter. Value growth and expansion into smaller cities drove this positive trend. Higher in-store traffic and improved daily sales contributed to the recovery. Chains are focusing on value meals and selective price adjustments. This marks a reversal after several quarters of declining sales and profits.

 05 Aug 2026 12:48 AM   EconomicTimes

Japan's Takeda bets on dengue vax to reshape India playbook

Takeda Pharmaceutical's new dengue vaccine Qdenga received approval in India. The vaccine is expected to launch commercially in early 2027. It will initially be available through the private market for individuals. Takeda plans to pursue government procurement and National Immunisation Programme inclusion. This move significantly broadens Takeda's public health focus in India.

 05 Aug 2026 12:42 AM   EconomicTimes

IPA seeks to regularise 'legacy' drugs

The Indian Pharmaceutical Alliance seeks to regularize many drugs. These drugs have been marketed for years without central approval. Examples include sodium valproate and carbamazepine tablets. Regulatory gaps have persisted for over a decade. This situation requires urgent attention from drug authorities.

 05 Aug 2026 12:41 AM   EconomicTimes

Pidilite’s consolidated net profit up by more than 30% in June quarter

Pidilite Industries saw profits rise over thirty percent year-on-year. Revenue from operations increased by more than twenty-one percent during the quarter. Earnings before interest, tax, depreciation, and amortisation also jumped significantly. Sales volume grew by more than eleven percent, aiding the company's performance. The company implemented price hikes across categories to manage rising input costs.