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Temasek Plans $10B India Investment Over Three Years

Temasek plans to invest about $9-10 billion in India over the next three years, broadening its exposure into industrials and artificial intelligence while maintaining bets in consumer, financial services, and healthcare. The $42 billion-strong India portfolio is being positioned for long-term growth with continued emphasis on AI, renewables, and domestic-market strengths, including a target to raise AI share to roughly 15% of its global portfolio by 2031.

9 sources

Lalit Modi to Return After SAFEMA Relief

"Lalit Modi has secured a legal vindication after appellate tribunals set aside penalties in the 2009 SAFEMA/FEMA case related to IPL South Africa, and says he plans to return to India after 16 years, though he will continue living in London and visit India periodically." Modi frames the relief as clearing the way to reconnect with his homeland and the IPL’s future, while keeping London as his base and aiming to visit India around year-end or early next year as his family events unfold.

19 sources

Reliance Retail Launches AJIO Beauty Nationwide

Reliance Retail has launched AJIO Beauty, a new platform that merges AJIO's fashion-first reach with Tira's beauty expertise to offer skincare, makeup, haircare, fragrances, and personal care from 1,500+ brands with nationwide delivery and AJIO Rush fast-service options. The move reinforces an integrated fashion, beauty, and lifestyle ecosystem and aims to deliver a discovery-led, personalized shopping experience across omnichannel channels.

9 sources

Photo: Uttsaav / Wikimedia Commons (CC0)

Eternal Q1 FY27 Revenue Rises; Profit Misses Estimates

Eternal Ltd posted a Q1 FY27 net profit of 92 crore on revenue of 20,211 crore, marking a near 3.7x profit rise year-on-year but still missing consensus forecasts. The company expanded Blinkit with 200 new stores, lifting costs and capex as it pursues growth, while revenue beat some estimates and investors gave mixed reactions to the earnings miss on profitability.

9 sources

Photo: Nestlé / Wikimedia Commons (CC BY 2.0)

Nestlé India Q1 FY27 Profit Surges 48%

Nestlé India reported a 48% year-on-year rise in net profit to about ₹958–₹975 crore and revenue of roughly ₹6,378 crore for Q1 FY27, marking broad-based double-digit growth across all product groups and a ~24% EBITDA margin. The gains were fuelled by strong demand for staples like Maggi, KitKat and Nescafe, expansion of premium coffee and e-commerce, and robust performances in rural and export markets.

17 sources

Delhi High Court Dismisses Vedanta's Cambay Block Extension

The Delhi High Court dismissed Vedanta's petitions, upholding the Centre's decision not to extend Vedanta's production sharing contract for the Cambay Basin OS/2 offshore block and authorizing its transfer to ONGC. The rulings reinforce government discretion under the 2017 Pre-NELP policy and allow the state to reallocate mature offshore assets to ONGC after contract expiry.

6 sources

Photo: Minda Haas Kuhlmann / Wikimedia Commons (CC BY 2.0)

Mets blank Brewers 4-0; Thornton earns first win

Zac Thornton earned his first major-league win by going six scoreless innings to lead the New York Mets to a 4-0 victory over the Milwaukee Brewers, with Jared Young and Luis Robert Jr. homering to snap Milwaukee’s four-game win streak and boost Thornton’s 18-inning scoreless streak. The win came as Thornton faced his former team, while Milwaukee’s Brandon Sproat was the tough-luck loser in the rematch, and the Mets extended their series lead to 1-1 against the Brewers.

10 sources

UK reports US bases for Iran strikes

New UK Prime Minister Andy Burnham has authorized continued use of British bases by US forces for defensive strikes against Iran, maintaining the policy set by former PM Keir Starmer and allowing operations from Diego Garcia and RAF Fairford to counter Iranian missiles and protect shipping routes. The move faces criticism from the British left and some lawmakers over potential complicity in war, as Trump issues militant warnings and legal concerns loom.

10 sources

Photo: Ganesh Mohan T / Wikimedia Commons (CC BY-SA 4.0)

TVS Motor Q1 Profit Surges 67%

TVS Motor posted a strong Q1 FY27 with net profit up around 51% to 67% year-on-year and revenue increasing about 33-38%, underpinned by robust demand in domestic and international markets and record quarterly sales across motorcycles, scooters, and EVs. The board also approved raising up to ₹10 billion through non-convertible debentures and commercial papers to fund growth, including capital expenditure and debt refinancing.

18 sources

Transition VC launches ₹1,500 crore Fund II

Transition VC has launched Fund II with a target corpus of ₹1,500 crore to back around 20 engineering-led startups in the energy transition, advanced manufacturing and related deeptech, with investments of about $2-5 million over four years starting in Q3 FY27. The fund follows a successful Fund I (₹723 crore) that delivered roughly 57% IRR, over 3x MOIC, and zero write-offs, and expands the thesis to include energy networks, storage, and niche areas like nuclear and geothermal energy infrastructure for a more integrated portfolio.

8 sources

Photo: Mass Communication Specialist 1st Class Chad J. McNeeley (United States Navy) / Wikimedia Commons (Public domain)

Nearly 100 U.S. Troops Injured in Iran Strikes

Nearly 100 U.S. service members have been injured in Iranian airstrikes across the Middle East, with 96% back on duty and most injuries described as minor concussions, as Pentagon data shows 427 injuries since Operation Epic Fury began. The death toll has risen to 17 amid a tenth straight day of strikes, with President Donald Trump reiterating the goal of preventing Iran from acquiring a nuclear weapon as diplomacy surfaces a potential ceasefire.

13 sources

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Recently covered

Temasek Plans $10B India Investment Over Three Years

Lalit Modi to Return After SAFEMA Relief

Reliance Retail Launches AJIO Beauty Nationwide

Eternal Q1 FY27 Revenue Rises; Profit Misses Estimates

Nestlé India Q1 FY27 Profit Surges 48%

Delhi High Court Dismisses Vedanta's Cambay Block Extension

Mets blank Brewers 4-0; Thornton earns first win

UK reports US bases for Iran strikes

TVS Motor Q1 Profit Surges 67%

Transition VC launches ₹1,500 crore Fund II

Nearly 100 U.S. Troops Injured in Iran Strikes