Tesco, one of the world’s largest retail chains, has announced plans to open a new distribution center in Karnataka, reinforcing its supply chain infrastructure in India. The facility is expected to streamline inventory management, improve delivery efficiency, and support the company’s growing retail operations in the region. This investment underscores Tesco’s commitment to expanding its footprint in India’s high-potential retail market, enhancing partnerships with local suppliers, and catering to rising consumer demand.

ICICI Bank has announced a reduction in the minimum average monthly balance requirement for select savings accounts, lowering it to Rs. 15,000 from its earlier threshold. The move is aimed at enhancing accessibility for customers and attracting a broader base of account holders, particularly in urban and semi-urban markets.

The State Bank of India (SBI) has announced a revision in its Immediate Payment Service (IMPS) transaction charges, effective August 15. The changes will apply to transactions conducted through branch channels, impacting certain transaction slabs while keeping smaller-value transfers free of cost. The move is aimed at aligning transaction costs with operational expenses and encouraging greater adoption of digital payment modes.

Vivo has introduced its latest mid-premium smartphone, the V60, aiming to capture a segment of consumers who seek flagship-like features at a more accessible price point. With an upgraded camera system, enhanced performance capabilities, and a refined design, the V60 targets both tech enthusiasts and style-conscious buyers. The device offers a balance of high-end specifications and competitive pricing, positioning it to compete with rivals in the fast-growing upper mid-range market.

Oil India Limited reported a largely unchanged net profit for the first quarter of the current fiscal year, as falling crude oil prices counterbalanced gains from higher output and stable operational efficiency. Despite maintaining strong production levels, the company faced revenue pressures from softer global energy prices. The performance underscores the challenges upstream oil producers face in navigating volatile commodity markets, even amid steady domestic demand.

India’s retail inflation cooled to its lowest level in eight years, easing below the Reserve Bank of India’s (RBI) upper tolerance limit. The decline, driven primarily by softer food prices and stable energy costs, offers a respite to policymakers and consumers alike. This moderation strengthens the case for maintaining supportive monetary policies, while also improving household purchasing power. Economists suggest that if this trend persists, it could bolster economic momentum by stimulating consumption and investment.

Noida’s upscale Sector-150 has witnessed a significant surge in residential property prices over the past year, driven by rising demand for premium housing, improved connectivity, and large-scale infrastructure projects. Once known for its green spaces and low-density planning, the sector has evolved into one of the National Capital Region’s most sought-after real estate destinations. Investors and homebuyers alike are showing heightened interest, with recent market data indicating sharp appreciation in both new and resale units.

Tata Motors, one of India’s largest automotive manufacturers, has announced its entry into the Dominican Republic, marking a significant step in its international expansion strategy. The move reflects the company’s ambition to strengthen its presence in Latin America and diversify its export portfolio. With a range of commercial and passenger vehicles tailored to meet local market demands, Tata Motors aims to leverage its reputation for durable, cost-effective transportation solutions.

Ola Electric, India’s leading electric two-wheeler manufacturer, is reportedly preparing to enter the high-performance segment with a sports-focused electric scooter. The move aligns with the company’s broader strategy to expand its product portfolio beyond mass-market offerings and tap into the growing premium EV segment. While details remain under wraps, industry sources indicate that the upcoming model could feature advanced battery technology, faster acceleration, and a sportier design aimed at performance enthusiasts.

GE Power India Ltd., a key player in the country’s power equipment and engineering sector, has posted a consolidated net profit of Rs. 35 crore for the first quarter of FY26. The turnaround from previous quarters was driven by better operational efficiency, timely execution of high-value projects, and disciplined cost management. While the company continues to face headwinds from raw material price volatility and sectoral competition, its healthy order pipeline and focus on advanced power solutions position it for steady growth.