Government is planning to sell 2% of its stake in LIC in late June or early July to institutional investors to raise nearly ₹10,000 crore, reported Bloomberg. The government, which owned 96.5% of LIC as of March 31, raised ₹21,000 crore after offloading 3.5% stake in 2022 via IPO. Shares of LIC fell by 4% after the report.

Pernod Ricard, maker of Absolut vodka, hid Scotch whisky imports' composition and age to hide their true value and avoid paying ₹3,000-crore tax to India, Reuters reported. Indian investigators concluded that Pernod "intentionally complicated" disclosures with new malt codenames to make work difficult for customs officials. Pernod undervalued its bulk Scotch concentrate imports by 67.49%.

Tata Sons board meeting held in Mumbai on Tuesday ended without a formal announcement. However, ET Now reported that the board reviewed turnaround plans presented by select group CEOs, who outlined business revival strategies during the meeting. CEOs of Air India, Agratas, Tata Digital, Tata Electronics, and Tejas Networks made presentations. The possible listing of Tata Sons was also discussed.

Saatvik Green Energy received domestic orders worth ₹171.45 crore for supply of solar photovoltaic modules from an Independent Power Producer and EPC player. The company stated that execution of the order is scheduled through October 2026. Saatvik also clarified that the contract is not a related party transaction and promoters have no interest in the awarding entity.

Adani Power will acquire 24% stake in Jaiprakash Power Ventures from Jaiprakash Associates for ₹2,993.59 crore under the approved CIRP resolution plan. The transaction follows NCLT approval dated March 17, 2026 and involves transfer of existing shares. FIIs increased stake in Jaiprakash Power Ventures to 6.58%, while DIIs held 17.03% stake.

JK Tyre reported FY26 revenue growth of 11.1% YoY to ₹16,326.65 crore, while PAT surged 50.1% to ₹774.19 crore. Q4FY26 PAT rose 83.3% YoY to ₹187.76 crore with EBITDA margin at 12.9%. The company approved ₹4,980 crore tyre capacity expansion plan and recommended dividend of ₹4 per equity share for FY26.

Byju Raveendran, born January 5, 1980, in Kerala, studied engineering at Government College of Engineering, Kannur. Once valued at $2.1 billion during Byju's peak, his net worth has now collapsed to nearly zero. Following a Singapore court's six-month jail sentence, his dramatic fall highlights the volatility of India's startup ecosystem and investor disputes.

BYJU'S, once valued at $22 billion, has seen a dramatic collapse amid financial stress, debt pressure, layoffs, and legal disputes. Founded by Byju Raveendran in 2011, the edtech giant grew rapidly before facing setbacks. Reports also mention ongoing court issues linked to compliance matters. The company's decline is seen as one of India's biggest startup failures.

Motorola has continued its strong growth momentum in India by emerging among the Top 5 smartphone brands, according to the latest IDC Quarterly Mobile Phone Tracker, Q1 26. Climbing from the 9th position in Q1 2024 to the 5th position in Q1 2026, Motorola has recorded one of the fastest growth trajectories in the industry, expanding its market share to 8.9%.

Tenable Holdings, Inc. announced new capabilities for improved AI governance. Powered by a new integration with the Claude Compliance API, security and compliance teams gain visibility into Claude usage directly within the Tenable One Exposure Management Platform. As enterprises deploy Claude at scale, security and compliance teams require the same level of visibility and governance.