UK-based Aviva on Thursday said it will buy the remaining 26% stake in its India unit from its local joint venture partner Dabur Invest Corp and take full ownership. This comes after the Centre recently increased the foreign direct investment (FDI) from 74% to 100% in the insurance sector. Aviva raised its stake from 49% to 74% in 2022.

RG Chandramogan, founder of Arun Icecreams-maker Hatsun Agro Product Ltd, began with a salary of ₹65/month at a timber depot in Tamil Nadu's Viluppuram. He moved to Chennai in 1970 and launched a tiny ice cream business, often pushing the cart himself. A college dropout, he built Hatsun into India's largest private-sector dairy company, now valued at over ₹20,000 crore.

A Pune employee's chat showing how his manager asked him to report to work despite heavy rain and road closures has gone viral, reigniting debate over workplace flexibility during extreme weather. Rejecting his work from home request, the manager asked him to take public transport or Uber. "People have travelled by local train to get to work," added the manager.

Rajesh Power Services secured ₹653.12 crore turnkey contracts from PGVCL for underground power distribution projects across Gujarat. The projects involve converting 11kV HT and LT overhead networks into underground cable systems with Ring Main Systems and GIS mapping, strengthening the company's ₹3,326 crore order book and EPC execution pipeline.

NALCO and NLC India formed a 50:50 joint venture to develop a 1,080 MW captive thermal power plant in Odisha. The venture will supply power to NALCO under a 25-year Power Purchase Agreement and support its 0.5 MTPA aluminium smelter expansion while ensuring long-term coal supply and energy security.

JSW Energy commissioned 1,081 MW of renewable capacity in Q1 FY27, increasing its total installed capacity to 14,535 MW, with renewables contributing 61%. The company remains on track to achieve its 3 GW FY27 renewable addition target and has also commissioned a wind blade manufacturing facility in Gujarat.

SBI Funds Management has fixed its IPO price band at ₹545-574 per share, with the issue opening on July 14 and closing on July 16. The IPO is entirely an offer for sale by SBI and Amundi India Holding. At the upper price band, the public issue is valued at around ₹11,693 crore.

Mahindra & Mahindra announced an average price hike of 2.7% across its SUV portfolio and around 2% for commercial vehicles, effective July 10. The company attributed the increase to rising commodity costs, with the actual hike varying across models. M&M had earlier raised prices by up to 2.5% in April.

Ather Energy shares have surged around 270% in one year, but Nomura sees further upside in the stock. The brokerage raised its target price to ₹1,470, citing accelerating electric two-wheeler adoption and upcoming affordable scooters. Nomura expects strong revenue growth in FY27 and FY28, with the company reaching profit breakeven by FY29.

OpenAI has launched GPT-Live, a new family of models capable of listening and simultaneously speaking to users in real time. This will replace the current Advanced Voice Mode with models that can handle interruptions more naturally and can support continuous dialogue. The GPT-Live-1 mini will become the default voice model within ChatGPT, while paid plans will have access to GPT-Live-1.