Category Archives: Business

JSW MG Motor India Teases the Arrival of India’s first D+ SUV, MG MAJESTOR

JSW MG Motor India has released the official teaser of India’s first D+ SUV – MG MAJESTOR scheduled for its grand unveil on 12^th February. The MG MAJESTOR is set to establish new benchmarks in design and performance.

With its longest, widest, and tallest dimensions, the MG MAJESTOR will redefine the regular D segment and will mark its presence in the new D+ Segment. Designed to deliver unstoppable performance across urban and rugged terrains, it redefines excellence in SUV capability.

The teaser showcases the SUV’s commanding design language, highlighted by the Majestic Matrix Combination Grille, complemented by sharp Falcon-type Daytime Running Lamps and contemporary split-style headlamps, lending it a bold road presence.

Stay tuned as the MG MAJESTOR makes its majestic debut on 12^th February.Post Copy for Influencers:
1. Majestic by design. Massive by presence. A new force is arriving.
The MG MAJESTOR is set to set new benchmarks in the D+ SUV segment with commanding presence, bold design, and unmatched performance. Unveiling on 12th February 2026.
2. Bigger. Bolder. More Majestic.
Introducing the MG MAJESTOR — India’s first D+ segment SUV, built to dominate city streets and conquer every terrain in style. Stay tuned for the grand unveil on 12th February 2026.

Dr. A. Sakthivel: Budget 2026 Empowers Indian Textiles with Modernization, Skilling, and Global Competitiveness

Padmashri Dr. A. Sakthivel, Chairman, Apparel, Made-Ups, and Home Furnishing Sector Skill Council (AMHSSC)

“Union Budget 2026–27 is a landmark, ‘Yuva Shakti’-driven roadmap that places the Indian textile and apparel ecosystem at the center of our journey toward Viksit Bharat. On behalf of the Apparel, Made-Ups, and Home Furnishing Sector Skill Council (AMHSSC), I congratulate PM Shri Narendra Modi ji and Finance Minister Nirmala Sitharaman ji for a visionary strategy that directly addresses the needs of our labor-intensive sector.

The package demonstrates strong intent to modernize the sector, strengthen livelihoods, and enhance India’s competitiveness in domestic and global markets. Key highlights include:

End-to-End Sector Focus: The National Fibre Mission, covering natural, man-made, and specialty fibres, will enhance raw material security, reduce import dependence, and improve cotton yields through the Mission for Cotton Productivity. This will promote extra-long staple varieties, raise farmer incomes, and ensure quality inputs for industry.

Support for Traditional and Cluster-Based Textiles: Initiatives like the Mahatma Gandhi Gram Swaraj Initiative and the National Handloom and Handicrafts Programme will strengthen khadi, handloom, and handicrafts through improved market access, value addition, and cluster modernization—sustaining employment and local economies.

Skilling and Modernization: Samarth 2.0 and allied skilling programs will equip workers with modern manufacturing and design skills, fostering productivity gains and adoption of Industry 4.0 technologies.

Sustainability and Scale: The Textile Eco Initiative and new Mega Textile Parks will promote environmentally sustainable production, improve compliance and traceability, and create integrated hubs for investment and exports.

Trade and MSME Support: Measures such as customs duty exemptions on key textile machinery, targeted tariff rationalization, enhanced MSME credit support, BharatTradeNet, and the Export Promotion Mission will lower costs and boost export competitiveness.”

Ravi Narayanan: Budget 2026 Strengthens NBFCs and Promotes Inclusive Financial Growth

Mr. Ravi Narayanan, MD & CEO, SMFG India Credit

“The Union Budget 2026 presents a clear and constructive roadmap for strengthening India’s financial architecture, with a balanced emphasis on stability, inclusion, and long-term growth. The government’s decision to constitute a High-Level Committee on Banking for Viksit Bharat is a forward-looking step that recognises the evolving and complementary role of NBFCs in deepening credit penetration and supporting India’s development priorities.

For the NBFC sector, the Budget sends a strong signal of policy continuity and confidence. The focus on improving credit transmission, leveraging technology, and enhancing efficiency across the financial system will enable NBFCs to scale responsibly while continuing to serve underserved and emerging customer segments. The proposed SME Growth Fund is a timely and meaningful intervention, as it will provide patient capital to small and medium enterprises, fostering innovation, productivity, and sustainable job creation.

Equally encouraging is the intent to undertake a comprehensive review of the FEMA framework for non-debt investments. Simpler, more predictable regulations will improve ease of doing business and facilitate access to long-term global capital—an important enabler for NBFCs to support India’s investment-led growth.

Overall, Budget 2026 reinforces a clear vision for a resilient, well-regulated, and inclusive NBFC ecosystem—one that empowers individuals and enterprises with affordable, relevant financial solutions and plays a critical role in advancing India’s journey towards a Viksit Bharat.”

Biopharma Leaders Welcome Biopharma SHAKTI Boost to Strengthen India’s Global Capabilities

Shreehas Tambe, CEO & MD, Biocon Biologics

“Biopharma SHAKTI with an outlay of ₹10,000 crore is a well-timed and much-needed step, especially when seen alongside the earlier ₹1 lakh crore commitment announced in November 2025, to research, development and innovation. Together, these measures clearly signal the government’s intent to strengthen Bharat’s biopharmaceutical capabilities and catalyse innovation-led growth. The acknowledgement that non-communicable diseases such as cancer, diabetes and autoimmune disorders are now the dominant healthcare challenge is important, as is the focus on complex therapies of biologics through affordable biosimilars as the new standards of care. Encouraging investment in advanced manufacturing, building global scale, and strengthening regulatory capacity through a dedicated scientific review cadre at CDSCO are all critical to meeting global benchmarks. Equally transformative is the emphasis on academic research, skill development, training and clinical infrastructure through new and upgraded NIPERs and accredited trial sites. These steps reinforce Atmanirbhar Bharat while positioning India as a credible global biopharma hub delivering affordable, high-quality complex therapies at scale. At Biocon we are fully ready to support India’s march to be a leader in biopharma.”

Mr. Ashok Nair, Managing Director, RPG Life Sciences

“Biopharma Shakti is a strong and timely signal that India wants to scale up capabilities in biosimilars and compete more confidently in global markets. The Budget proposes an outlay of ₹10,000 crore over the next five years to build the ecosystem for domestic production of biologics and biosimilars.

What makes this announcement practical, not just aspirational, is the focus on enabling infrastructure – a biopharma‑focused network with three new NIPERs, upgrades to seven existing NIPERs, a network of 1,000+ accredited clinical trial sites, and strengthening the CDSCO to meet global standards and improve approval timelines.

For RPG Life Sciences, the value will come from improved ecosystem readiness, especially clinical‑trial output and predictable regulatory timelines. These enablers can potentially accelerate market entry and expand patient access, subject to effective and timely implementation.”

Neeraj Akhoury Applauds Budget 2026 for Boosting Infrastructure, Investment, and Clean Tech

Mr. Neeraj Akhoury Managing Director, Shree Cement Limited

“The Union Budget’s strong focus on infrastructure and balanced regional growth is encouraging. The proposed Infrastructure Risk Guarantee Fund will boost lender confidence and help attract private investment. Increased allocations for high speed rail, Tier II and Tier III cities, and temple towns will drive sustained demand across the construction sector. The support for CCUS is timely and reinforces the importance of clean technologies in decarbonising hard to abate industries.”

Shiv Parekh of hBits Welcomes Union Budget 2026 Push on REITs and Investment Innovation

By:-  Shiv Parekh, Founder and CEO, hBits

“The Union Budget 2026 sends a positive signal for India’s investment ecosystem. The 12.2 trillion rupee allocation for infrastructure and introducing a dedicated REITs for monetising CPSE assets can help unlock private capital and improve market liquidity. This opens up more stable, yield-focused investment opportunities for both institutional and retail investors.

At hBits, we see this as an important step toward making real estate and infrastructure investing more accessible and transparent.

Tax Holiday For Indian Data Centers In Budget Is A Core Sector Moment For AI- Sumant Parimal

Feb 2: Indian Finance Minister Nirmala Sitharaman presented the Government. of India’s budget for the year 2026-27 in the Indian Parliament yesterday.

This budget has proposed to provide a tax holiday up to 2047 to any foreign company that provides services to any part of the world outside India by procuring data centre services in India. In addition, it is also proposed to provide a safe harbour of 15% to the resident entity providing data centre services to a related foreign company.

Sumant Parimal, Chief Analyst of 5 Jewels Research (5JR) at Innogress, has hailed this and other provisions under the Union Budget of Govt of India, and said that the tax holiday for the Indian Data Centres in budget Is a core sector moment for AI.

Giving his analyst outlook on the Indian Budget 2026 presented today in the Indian Parliament by FM Nirmala Sitharaman, Chief Analyst of 5 Jewel Research at Innogress Mr Sumant Parimal, has said

“During year 2022 pre-budget outlook I emphasised the need for according strategic sector status to AI (Artificial Intelligence) in line with core sectors like Electricity, Coal, Steel, Gas, Telecommunication, now I am happy to see that Govt. of India has understood this and has provisioned tax holidays till 2047 for Data Centers getting setup in India for the global markets. I see this tax holiday provisioned in this year budget for Indian data centres as equivalent to according a strategic and core sector status to AI, which gets hosted and accessed through these data centres, in line with my pre-budget outlook for the year 2022. This provision of Govt. of India to waive off tax on Data Centres for international markets is not only going to boost Big Tech’s & MNC’s Data Centres footprints in India but shall also boost the attractiveness of domestic firms’ data centers capacities in the pipeline for receiving foreign collaborations and investment interests” said Mr Sumant Parimal.

“Further, this tax holiday provision is going to expand data center capacity additions in India, which in turn is going to trigger semiconductors, electronics and other IT-engineering related components demands in India, and I am happy to see that this semiconductor-electronics demand trigger has been proactively addressed by Govt. Of India by announcing India Semiconductor Mission (ISM) 2.0 with a budgetary outlay of Rs. 1000 Cr and additional budgetary outlay of Rs. 40,000 Cr for Electronics Components Manufacturing Scheme (ECMS)in FY 2026-27” Mr Sumant Parimal said.

Mr Sumant Parimal also hailed other provisions of the budget which includes ‘Bharat-VISTAAR’-a multilingual AI tool to enhance farm productivity, improve farmer decision making and reduce risk through customized advisory support, and to support the Indian Institute of Creative Technologies, Mumbai in setting up AVGC Content Creator AI Labs in 15,000 secondary schools and 500 colleges in furtherance of India’s Orange economy and termed these provisions of the budget a right step towards achieving “AI For ALL” for which he is emphasizing since 2019.

Chief Analyst of 5 Jewels Research also hailed the Indian government plans to launch a Customs Integrated System (CIS) within two years to streamline all customs operations, as announced by Finance Minister Nirmala Sitharaman during the Union Budget 2026-27 and termed it as most pressing AI-Technology led business transformation in governance for ease of doing businesses by reducing bureaucracy, which is a big relief to Enterprises, SMEs and R&D labs which are importing critical equipment, devices and components from overseas under extreme time and budgetary constraints. Mr Sumant Parimal termed this ‘CIS’ initiative as a catalyst to integrate India-based deep tech. GCCs (Global Capability Centers) / research centres in the Global supply chain because customs clearances were a big bottleneck in the inbound and outbound supply chains at the Indian ports.

Budget 2026 Strengthens Auto & EV Sector with CapEx Boost and Supply Chain Support

Mumbai, Feb 01: Speaking on the budget announcements, Mr Shailesh Chandra, President, SIAM and MD & CEO, Tata Motors Passenger Vehicles Ltd, said,

“We welcome the Union Budget 2026–27, which continues to focus on long-term, sustained economic growth with a strong emphasis on manufacturing, infrastructure including freight corridors & waterways and fiscal prudence. The decision to raise the capital expenditure target to Rs 12.2 lakh crore for FY 2026-27 from Rs 11.2 lakh crore in the current year will provide a strong impetus to demand creation and industrial activity, including the Automobile sector.

Enhanced support for electronic components manufacturing, setting up dedicated corridors for mining and processing of rare earth, along with initiatives to establish high-tech tool rooms and supporting container manufacturing, will develop supply chain resilience and help in streamlining exports. The allocation of 4,000 e-buses for the Purvodaya States will accelerate the transition toward sustainable public mobility solutions.

Continued exemption of Basic Customs Duty on Capital Goods used for manufacturing lithium-ion batteries, along with the extension of concessional duty benefits for lithium-ion cells and their parts used in manufacturing batteries for electric and hybrid vehicles for a further two years till March 2028, will enable creation of a robust EV ecosystem in the country.”

Budget 2026 Drives Inclusive Growth and Financial Wellbeing: Thomas John Muthoot

Thomas John Muthoot, Managing Director, Muthoot FinCorp Ltd

“Budget 2026–27 is part of a longer reform journey under the leadership of our Prime Minister Narendra Modi where successive budgets have shifted India from stimulus driven spending to reforms over rhetoric.

By combining fiscal discipline, manufacturing strength, a bold services mission, digital public infrastructure, infrastructure led growth, skilling and simpler tax processes, the Budget advances the Viksit Bharat 2047 vision of a resilient and self-reliant India, while directly strengthening the financial wellbeing, opportunity and dignity of the common man and making growth truly inclusive and a force for good. 

For Muthoot FinCorp Ltd., this policy direction is constructive and aligned with our purpose of transforming the life of the common man by improving financial wellbeing and being a force for good.”

Budget 2026: Infrastructure and Logistics Boost to Strengthen India’s Trade Competitiveness

Mr. Girish Aggarwal, Managing Director, APM Terminals Pipavav

“Budget 2026 reassures the government’s continued focus on infrastructure-led growth and the importance of logistics as a key enabler of India’s trade competitiveness. At a time of global uncertainty, the record public capital expenditure of INR12.2 lakh crore and the emphasis on integrated connectivity through freight corridors, coastal shipping, inland waterways, and port-led development provide a stable and confidence-building signal for the sector.

Focused initiatives such as the Dankuni–Surat Dedicated Freight Corridor and the operationalisation of new national waterways strengthen multimodal connectivity, while investments in ship-repair ecosystems and high-speed rail corridors reflect a forward-looking approach to long-term infrastructure development.

The Finance Minister’s emphasis on keeping the ‘Reform Express’ firmly on track is clearly visible in these initiatives, as well as in the INR10,000 crore allocation for container manufacturing and the focus on sustainable cargo movement. From an industry perspective, these measures will significantly improve connectivity, reduce transit times, lower logistics costs, and enable Indian ports to operate with greater efficiency, reliability, and scale. The Budget’s focus on digitised, integrated customs processes and faster cargo clearances is a meaningful step towards improving ease of doing business. The expansion of AI-enabled, non-intrusive scanning across major ports will directly support faster cargo movement and lower transaction friction, translating into improved reliability and efficiency across the logistics chain for ports and trade.

At APM Terminals Pipavav, we see this as an opportunity to continue working closely with the government and stakeholders to support India’s evolving logistics and maritime ecosystem and contribute to India’s long-term economic growth.”