Business

Patel Engineering has secured a major infrastructure contract valued at Rs. 910 crore for the Renuka Ji Dam project in Himachal Pradesh, marking a significant addition to its order book. Awarded by Himachal Pradesh Power Corporation Limited, the project includes critical civil and hydro-mechanical works and is expected to be completed within 30 months. The development underscores the growing momentum in India’s hydropower and infrastructure sectors, driven by government-led investments.

CureBay has acquired the pharmacy distribution business of Saveo Healthtech, strengthening its position in India’s healthcare delivery ecosystem. The acquired business operates a technology-driven B2B pharmaceutical supply network, serving more than 10,000 retail pharmacies across southern India. This strategic move enhances CureBay’s ability to ensure consistent and affordable medicine access, particularly in underserved regions.

Tata Motors has announced a price increase of up to 1.5 percent across its commercial vehicle portfolio, effective April 1. The adjustment reflects rising commodity prices and escalating input costs affecting the automotive manufacturing sector. The extent of the increase will vary depending on model and variant. The move highlights the broader cost pressures facing automakers amid fluctuating raw material prices and supply chain challenges. 

Casino operators across the U.S. state of Kansas reported robust financial performance in February, with total gaming revenue reaching approximately Rs. 294 crore (converted from $35.5 million), reflecting a year-over-year increase of 21.2%. Data released by the Kansas Racing and Gaming Commission highlights strong growth across both slot machines and table games.

Ola Electric has introduced a nationwide campaign titled #EndICEAge, aimed at accelerating India’s transition from petrol-powered two-wheelers to electric mobility. The initiative highlights the increasing costs and inconvenience associated with petrol dependency while encouraging riders to adopt electric vehicles as a more sustainable and economical alternative. As part of the campaign, the company is offering limited-period incentives exceeding Rs 20,000 on select electric models, including the Ola S1 scooter and Roadster motorcycle.

Vedanta Ltd has successfully attracted strong investor interest in its latest fundraising initiative, raising Rs 2,575 crore through a non-convertible debenture (NCD) issuance. The mining and natural resources conglomerate initially launched the offering with a base issue of Rs 2,000 crore but expanded the size after the offering received robust demand from institutional investors. Major mutual funds participated in the subscription, prompting the company to exercise a Rs 575 crore greenshoe option.

PepsiCo India has strengthened its youth-focused marketing strategy by appointing emerging actors Ahaan Panday and Aneet Padda as the newest faces of its brand campaigns. The move reflects the beverage giant’s ongoing effort to deepen engagement with Gen Z consumers ahead of the high-demand summer season. Known for its long-standing association with youth culture and pop entertainment, Pepsi continues to align its brand messaging with rising cultural icons who resonate with younger audiences.