India Inc. will report a sequential revenue decline of 8-10% to an estimated Rs 7.3 trillion for the first quarter of fiscal 2021-22, Crisil revealed in a study. The quarter-on-quarter (QoQ) fall in revenues will be largely led by consumer discretionary products such as automobiles, which saw volumes hit by lockdown across states to contain the second wave of the pandemic.

HCL Technologies signed a five-year, global agreement to offer digital transformation and managed services to The Mosaic Company - a Fortune 500 company and the largest U.S. producer of phosphate and potash. Consequently, HCL will manage and transform Mosaic’s global application and infrastructure environments to enhance the company’s agility and ability to drive growth in the marketplace.

Tube Investments of India Board of Directors nodded to the making of investments in Startups up to Rs25cr in the aggregate. The start-ups are engaged in innovative research and product development in fields/activities of interest to the company. Tube Investments of India Limited is a Murugappa Group company that specializes in engineering, bicycles, metal formed products, and chains.

Volvo Car India on Friday announced its retail sales grew by 52% in the first half of the year at 713 units as compared with the same period of last year. The Swedish luxury carmaker dispatched 469 cars in the January-June period of 2020. Volvo's mid-size luxury SUV XC60 contributed the most, being the highest selling model in the first half of the year.

Blue Star is optimistic about improvement in business activities from the second quarter of 2021-22 after being hit hard by the second wave of COVID-19, coupled with a ''bad summer season'', said Chairman Shailesh Haribhakti. The company is now focussing to grow its exports and is also aiming to participate in the production linked incentive (PLI) schemes announced by the government.

Bajaj Finserv, on Friday, reached Rs 2 trillion in market capitalization for the first time after its stock touched a record high in today's trade. The stock gained more than 4% to touch an all-time high of Rs 12,833.55 on the BSE. The scrip has climbed in the last four out of five sessions and gained nearly 43% so far this year. Analysts said the stock surged amid expectations of better earnings.

Essar Shipping Board of Directors of the Company by a unanimous circular-resolution nodded to the foreclosure of Bare Boat Charter cum Demise (BBCD) Agreement for the vessels MV Maithli and MV Maanika based on economic viability after obtaining the requisite regulatory approval. Essar Shipping is an Indian shipping corporation for the global energy business.

Hero Electric plans to invest at least Rs 700 crore to raise annual production capacity to more than 1 million units over the next four years. These new capacities will come up at two or three locations, including one which will be closer to a port for easier exports. This mega expansion includes raising capacity at Hero Electric’s only plant at Ludhiana, Punjab.

Tata Motors, on Friday, announced a host of incentives to push sales of its passenger vehicles in collaboration with IndusInd Bank. As part of the agreement with IndusInd Bank, Tata Motors will provide the ‘Step Up’ scheme where the customers can choose and buy from the safest range of passenger cars in the country, with a special low EMI options scheme for the first 3-6 months.

Bharat Heavy Electricals Limited (BHEL) secured a major order for the supply of 12 Steam Generators from Nuclear Power Corporation of India Limited (NPCIL). Valued at Rs1,405 crore, the order has been won under NPCIL’s Fleet Mode procurement programme and mandates supply of 12 Steam Generators for India’s highest-rated indigenously-developed 700 MWe Pressurized Heavy Water Reactors (PHWR).

Union Bank of India commenced accepting bids to generate up to Rs1,150cr by issuing Basel III-compliant bonds. The lender is issuing Basel Ill Compliant Debt instruments in the nature of Debentures eligible for inclusion in Tier-2 Capital (Bonds) Series XXXl, at a face value Rs1cr per bond, of Rs500cr with Green Shoe Option up to Rs650cr (maximum Rs1,150cr) on Private Placement basis.

After the successful Thyrocare deal, Pharmeasy is considering an investment from the Japanese conglomerate SoftBank. API Holdings, Pharmeasy's parent company, and SoftBank have begun discussions for potential investment. The IPO-bound company is eyeing a valuation of at least $5.6 billion in the new funding round, and has also contacted other investors for financing.

Powerplay secured $5.2 Mn in funding led by Accel Partners and Surge, a rapid scale-up program by Sequoia Capital India for startups. India Quotient and Snapdeal founders also participated in the round. Powerplay is a part of Surge’s fifth cohort of 23 companies. It is a free mobile app that connects multiple stakeholders involved in construction, enabling them to communicate and collaborate.

Indian Railway Catering & Tourism Corporation announced that the services of Ahmadabad Mumbai Tejas Express will be restored from August 07, 2021. The train will run four days in the week viz, Friday, Saturday, Sunday, and Monday. Due to the rising of corona cases in Maharashtra and Gujarat, services of Ahmedabad Mumbai-Ahmedabad Tejas Express were suspended from April 2, 2021 onwards.

Ashoka Buildcon Limited secured a Letter of Award (LOA) from IRCON International Limited in respect of the Project, Viz. "Provision of supply, Erection, Testing & Commissioning of Electro-Mechanical (E&M) System on Dharam-Katra Section of USBRL Project (J&K). The accepted contract value of the project is Rs482.34cr. Ashoka Buildcon is a leading engineering and construction company in India.