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The government on Thursday said E20 fuel offers cleaner combustion and smoother engine performance. Union Minister Nitin Gadkari admitted a 2-6% reduction in fuel efficiency in certain E10-designed vehicles. He said, "The same is influenced by several factors, including driving conditions, driving habits and vehicle maintenance," while defending the programme.
Nandini Piramal said companies must remain agile to manage costs amid global uncertainty. Piramal Pharma Ltd posted a 17 per cent revenue growth to ₹2,270 crore for the first quarter ended June 2026. The firm saw increased demand in its CDMO business as it worked to improve overall operational efficiency.
The Centre on Thursday issued a detailed clarification on the Ethanol Blended Petrol programme. Officials said no verified evidence links E20 fuel to engine damage. Vehicles made before 2023 can use it safely, and mileage reduction stays limited to three to five percent. Many companies now support this fuel rollout.
India’s 3,040 richest individuals now hold Rs 104 lakh crore in wealth, equal to 30% of the country’s nominal GDP. The 360 ONE Wealth Creators List 2026 showed that while old families lead, more women and young founders are joining. Still, the top 10 individuals hold 19% of this wealth.
Tata Steel reported a 19 per cent rise in net profit to ₹2,385 crore for the June quarter. Revenue grew 14 per cent to ₹60,794 crore as sales volume increased. CEO TV Narendran said the global operating environment remained complex, with West Asia developments impacting supply chains and input costs.
The GST Network put two e-way bill system changes on hold after industry feedback. These updates were set for August 1, 2026. GSTN said the earlier advisories are withdrawn for now. Experts noted that many businesses found the new requirements difficult to implement alongside existing systems, causing the government to reconsider.
Arboreal Bioinnovations Private Limited raised ₹230 crore in Series A funding today. The company will use this capital to expand manufacturing capacity and strengthen research. CEO Swati Pandey said, “This fundraise is a strong validation of the direction we are taking as a company.” Many brands now use their ingredients.
The Modi government is expected to introduce the Foreign Contribution (Regulation) Amendment Bill during the Monsoon Session of Parliament. Experts worry the law gives the government too much power over NGO assets. PDT Achary said some provisions have a "sledgehammer effect" and could make managing foreign funds very difficult.
Shares of Bai-Kakaji Polymers hit the 20% upper circuit on Thursday after Abakkus Venture Opportunities Fund bought a 2.8% stake. The stock reached its highest level since its December 2025 listing. Many investors traded the shares, pushing the price to ₹240. This rally followed a big bulk deal on BSE.
The Commerce Department’s FTA monitoring committee will meet in August to review 16 operational trade agreements. “The government is seeking detailed feedback from industry on the impediments in utilising the different FTAs,” a source said. Officials want to help exporters overcome complex rules and low awareness to boost trade benefits.
EV Homes plans to build a 40-storey corporate headquarters in Vashi’s new 5-Minute City. Inspired by Denmark’s urban model, the project aims to place homes, offices, and shops within a short walk. Vicky Thomas said, "The next evolution of urban development lies in creating complete urban ecosystems rather than standalone buildings."
Nitin Gadkari told Parliament that BS-III vehicles made before 2016 might need rubber part replacements when using E20 fuel. He said, "which can be easily managed during routine servicing regime of the vehicle." Studies showed no engine issues, and officials noted that driving habits often impact vehicle mileage more than fuel.