Company News

Indian companies are increasingly targeting Sri Lanka as a promising destination for overseas expansion, leveraging the island nation’s cultural affinity and geographic proximity. ITC Group CEO Sanjiv Puri highlighted the natural synergy between the two countries, amplified by India’s growing competitiveness, technological prowess, and evolving Free Trade Agreements (FTAs). Amid India’s rapid industrial revival—particularly in electronics and semiconductors—enterprises are ambitiously extending their footprint beyond domestic borders.

IndiGo, India’s leading airline with a 64% domestic share, is embarking on a transformative global journey by adding Manchester and Amsterdam to its long-haul routes. CEO Pieter Elbers describes the launches as foundational, marking a shift not just in destinations but in aircraft strategy, partnerships, and service profile. By leveraging Amsterdam’s connectivity, IndiGo aims to seamlessly link India to Europe and North America.

Adani Enterprises Limited (AEL), the flagship entity of billionaire Gautam Adani’s conglomerate, has announced a fresh public issue of non-convertible debentures (NCDs) worth Rs 1,000 crore, offering an effective yield of up to 9.30 percent per annum. Opening on July 9 and closing on July 22, 2025, this marks the company’s second NCD issuance following a robust debut in 2024. Rated “Care AA-; Stable” and “[ICRA]AA- (Stable),” these secured, listed, and redeemable instruments aim to attract retail investors seeking stable, long-term fixed-income options amid a recent rate cut cycle.

Mahindra & Mahindra is doubling down on its ambition to redefine itself as a leading manufacturer of premium utility vehicles. With a renewed focus on design, performance, and technology, the company is preparing to roll out a slate of new internal combustion engine (ICE) and battery electric vehicle (BEV) models by 2030. Notably, three major SUV launches are set for 2025: a refreshed Mahindra Thar, an updated XUV700, and a brand-new electric SUV — the XEV 7e.

Epson India has inaugurated its inaugural ink tank printer manufacturing plant near Chennai, marking a pivotal milestone in its commitment to local production under the government’s ‘Make in India’ initiative. The Sriperumbudur facility, set to commence operations in October 2025, will initially produce Epson’s flagship EcoTank printers, renowned for their cost-efficiency and environmental sustainability. This strategic move aims to enhance supply chain resilience, support India’s economic growth, and align with Epson’s global focus on innovation and sustainability.

Life Insurance Corporation of India (LIC) has unveiled two innovative offerings—Nav Jeevan Shree and Nav Jeevan Shree Single Premium—designed to address evolving financial needs across life stages. These products combine life insurance with wealth accumulation, enabling policyholders to build a corpus through regular or lump sum premiums. In an environment marked by fluctuating interest rates, LIC emphasizes guaranteed additions throughout the policy tenure, reinforcing its commitment to financial security and stability.

Microsoft’s recent decision to cease operations in Pakistan has sparked concern among industry leaders and policymakers, highlighting deeper structural and economic issues within the country’s technology ecosystem. Jawwad Rehman, former Microsoft Pakistan head, urged government intervention through a bold, KPI-driven engagement strategy with global tech firms to reverse the trend. Meanwhile, former President Arif Alvi lamented the lost opportunity as Microsoft chose Vietnam for expansion amid Pakistan’s unstable business environment.

Pharmaceutical giant Lupin Ltd has announced the launch of its Ipratropium Bromide nasal spray in the U.S. market, offering two strengths—0.03% and 0.06%—to treat runny nose symptoms linked to allergic and nonallergic rhinitis as well as the common cold. The formulations are bioequivalent to Boehringer Ingelheim’s Atrovent nasal spray, which reported annual sales of approximately USD 63 million as of May 2025.

Campus Activewear Ltd, a prominent sports and athleisure footwear brand, has officially entered the Sri Lankan market via a collaboration with Hameedia Group’s menswear brand, Signature. This alliance will enable Campus to distribute its footwear across Signature showrooms, H-Sports outlets, and online platforms, broadening consumer access in Sri Lanka. The partnership aims to replicate Campus’s robust growth in India by tapping into Sri Lanka’s expanding demand for trendy and affordable lifestyle products.

Muthoot FinCorp Ltd, a prominent player in the gold loan financing sector, has announced a Rs. 290 crore secured, redeemable non-convertible debenture (NCD) issue aimed at bolstering its business expansion and refinancing efforts. The Tranche VI NCD offering, open for subscription until July 17, 2025, features tenures ranging from two to six years with flexible interest payment options. Yields range between 9.2% and 9.8% per annum, catering to diverse investor preferences.