Business

Indian Hotels Company Limited has strengthened its presence in experiential hospitality with the opening of the Tree of Life AeroVillage in Maharashtra. The new property reflects IHCL’s strategy of expanding curated, niche offerings that cater to travelers seeking authenticity, privacy and immersive design. Positioned to attract both leisure and business guests, the AeroVillage blends contemporary comfort with regional character.

Union minister Jyotiraditya Scindia has publicly criticized a senior director at Bharat Sanchar Nigam Limited (BSNL), describing certain demands as “absurd” and disconnected from operational and fiscal realities. The sharp response underscores growing tension between legacy public-sector structures and the government’s push to modernize India’s telecom ecosystem. Officials said the remarks reflect frustration with resistance to reform at a time when BSNL is undergoing a critical turnaround.

Makmor has taken a decisive step into next-generation aviation by announcing plans to acquire 10 electric aircraft from MD Aircraft. The deal signals growing commercial confidence in electric aviation as operators seek cleaner, quieter and more cost-efficient alternatives to conventional aircraft. Industry observers view the move as a strategic bet on sustainability-driven air mobility, particularly for short-haul and regional operations.

India’s automotive logistics landscape has reached a global milestone with the launch of the world’s first large-scale modal shift project by Maruti Suzuki India at its Gujarat operations. The initiative replaces long-haul road transport with rail-based vehicle dispatch, significantly reducing carbon emissions, fuel consumption and logistics costs. Designed to improve supply-chain efficiency while advancing sustainability goals, the project reflects a strategic rethink of industrial transportation in India.

Mahindra Manulife Investment Management has announced a leadership transition with the appointment of a new managing director and chief executive officer, signaling a renewed strategic focus on scale, governance, and long-term value creation. The move comes at a time when India’s asset management industry is becoming more competitive, regulated, and investor-driven. The joint venture expects the new leadership to strengthen investment processes, expand distribution reach, and deepen digital capabilities.

Nexus Select Trust has announced plans to invest in a Runwal Group–promoted mall in Mumbai, reinforcing its confidence in India’s organized retail real estate market. The proposed investment reflects a strategy focused on acquiring high-quality, consumption-led assets in top urban centers. With Mumbai continuing to anchor premium retail demand, the transaction is expected to enhance the trust’s portfolio resilience and cash-flow visibility.

Hindustan Zinc Limited has entered into a strategic partnership with Tripura Group to develop a dedicated Zinc Park, signaling a push toward downstream value creation and industrial clustering. The collaboration aims to strengthen India’s zinc ecosystem by attracting ancillary manufacturers, improving supply-chain efficiency, and fostering innovation. By anchoring processing, fabrication, and allied services in one location, the initiative is expected to generate employment, enhance domestic capabilities, and reduce import dependence.

Canon continues to maintain a robust presence in the global camera market, balancing legacy DSLR offerings with growing demand for mirrorless and compact systems. Despite overall contraction in traditional camera sales due to smartphone penetration, Canon’s strategic focus on high-end imaging, professional optics, and hybrid content creation solutions has helped retain market share. Analysts highlight the company’s emphasis on technological innovation, including advanced sensors, AI-powered autofocus, and video capabilities, as key differentiators.

Canara Bank has announced plans to raise ₹5,000 crore through a bond issuance aimed at strengthening its capital adequacy and supporting growth initiatives. The capital infusion is expected to enhance the bank’s Tier-II capital, providing greater flexibility for lending, infrastructure financing, and strategic expansion. Analysts view the move as a proactive step to reinforce financial stability and maintain regulatory compliance amid evolving asset quality and risk management requirements.

A recent report by ICRA indicates that Indian airlines are likely to see a reduction in operating losses in the near term, driven by strong passenger traffic recovery, improved yield management, and prudent cost control measures. The aviation sector, which has been under pressure from fuel volatility and high operating expenses, is gradually stabilizing as domestic travel demand rebounds and ancillary revenue streams expand.