Company News

India’s homegrown eyewear giant Lenskart is preparing to go public with a fresh issue worth Rs. 2,150 crore, marking a significant milestone in its growth journey. As part of the broader IPO structure, the company will also include an offer-for-sale component, enabling existing stakeholders to partially exit. The listing is expected to bolster Lenskart’s capital reserves for expansion, technology investments, and supply chain integration.

TVS Motor Company has introduced the NTorq 125 Super Soldier Edition, a limited-edition scooter that brings a military-inspired design to one of India’s most popular 125cc two-wheelers. This special variant maintains the NTorq’s renowned engine performance and smart connectivity features while introducing a bold, combat-themed aesthetic. Aimed squarely at younger, style-conscious riders with a patriotic inclination, the new edition enhances visual appeal without compromising on functionality or performance.

In a decisive move to recalibrate its long-term strategy, Intel Corporation has announced plans to lay off approximately 24,000 employees and halt several billion dollars’ worth of planned factory investments. This sweeping cost-cutting initiative comes as the chipmaker grapples with persistent profitability pressures and a rapidly shifting global semiconductor landscape. CEO Lip-Bu Tan described the decision as “hard but necessary,” reflecting the company’s pivot toward operational streamlining, capital efficiency, and recalibrated growth priorities.

In a significant step toward providing justice and relief, Air India has distributed interim compensation of Rs. 25 lakh each to the legal heirs of 166 passengers who lost their lives in the tragic 2020 Kozhikode plane crash. The move, though long overdue, marks a moment of closure for many families, as the national carrier begins fulfilling its compensation obligations. This interim payout follows prolonged legal and bureaucratic processes and comes amid ongoing calls for full and fair compensation under international aviation norms.

Wipro, a global leader in IT consulting and services, has clinched a significant multi-year contract with Saudi Electricity Company (SEC), marking a major stride in its Middle East expansion strategy. The deal underscores Wipro’s growing influence in the energy sector and highlights the company's role in accelerating digital transformation for critical infrastructure providers. Through this strategic engagement, Wipro is set to deliver a suite of advanced technology services aimed at enhancing SEC’s operational efficiency, customer experience, and grid modernization.

Chennai-based real estate developer Casagrand has officially marked its international debut with the launch of a high-end residential project in Dubai. The move represents a strategic expansion for the company, which has thus far concentrated its operations within India’s southern real estate corridors. This overseas initiative reflects Casagrand’s growing ambitions and its confidence in capturing demand for luxury housing in global markets.

Indian pharmaceutical major Glenmark Pharmaceuticals has received critical observations from the United States Food and Drug Administration (USFDA) following an inspection of its Baddi facility in Himachal Pradesh. The US regulator, after a routine audit, identified multiple lapses in the plant’s manufacturing practices, issuing a Form 483 with seven key observations. While the company has yet to receive any import restrictions or warning letters, the findings underscore the growing scrutiny faced by Indian drugmakers exporting to the United States.

Maruti Suzuki is gearing up to introduce its latest premium SUV, the Escudo, with an official launch slated for September 3. Positioned as the flagship offering under the Arena retail network, the Escudo is expected to mark a strategic shift in the company’s SUV playbook. With bold design language, advanced technology, and a focus on performance, the Escudo aims to compete directly in the upper-mid SUV segment.

Torrent Pharmaceuticals is set to acquire JB Chemicals in a landmark deal worth Rs. 19,500 crore, marking one of the largest acquisitions in India’s pharmaceutical industry. This strategic move not only strengthens Torrent’s position in the domestic branded generics market but also enhances its global footprint, particularly in regulated markets. The acquisition brings together two complementary portfolios, promising strong synergies across therapeutic areas and geographies.