India's largest airline IndiGo has appointed Kiran Thadimarri as its new chief financial officer (CFO), replacing Gaurav Negi, effective July 28. Thadimarri previously worked with Indian e-commerce firm Udaan, while Negi had served as IndiGo's finance chief since 2022. "Thadimarri is a Chartered Accountant and a senior Finance professional with diverse experience of over 24 years," IndiGo said.

Luxury carmaker Porsche will cut over 9,000 jobs by 2035, reducing around one in every five positions amid weak demand. The company has decided to cut another 5,000 jobs following a first package of 3,900 job cuts agreed in February 2025 and another 500 announced this year. The restructuring comes as Volkswagen and other German automakers face rising Chinese competition.

Border trade between India and China through Nathu La Pass will resume on August 1, ending a suspension that has been in place since 2020 due to COVID-19 pandemic. Border trade through the pass resumed in 2006 after remaining shut for decades following the 1962 India-China war. The reopening ceremony is expected to be attended by officials from both sides.

The number of Indians earning ₹100 crore or more has jumped by over 300% in five years to 576 in the assessment year 2025-26, the government informed the Lok Sabha. In 2021-22, the number was 142. However, it noted that there's "no statutory definition of the term 'billionaire' either under...Income-tax Act, 2025 or under the erstwhile Income-tax Act, 1961."

HDFC Bank has issued warning letters and a ₹1 lakh penalty each to MD & CEO Sashidhar Jagdishan, CFO Srinivasan Vaidyanathan, and group head (retail assets) Arvind Vohra. The action followed an internal review into the bank's Maharashtra State Road Development Corporation (MSRDC) deposit arrangements in 2017 and 2021. The board concluded that the employees' conduct amounted to business overreach.

By switching from low-profit cotton and maize to organic ginger farming in the drought-prone Marathwada region, Dnyaneshwar Kale has transformed his family's fortunes. He harvests a whopping 15,000 kg of ginger per acre, earning ₹8 lakh turnover and ₹7 lakh in profit. He provides free training in ginger farming covering nearly 1,000 acres across Marathwada, Nashik and Vidarbha.

Union Minister Suresh Gopi has informed the Rajya Sabha that the government has not carried out any assessment regarding the number of vehicles in India that are fully compatible with E20 (20% ethanol, 80% petrol) fuel. However, he added, "Manufacturer service data confirm that there is no abnormal corrosion, wear or reduction in vehicle life due to E20 fuel."

Adani Green Energy reaffirmed its FY27 target to add 5 GW of renewable capacity and outlined a ₹42,000 crore capital expenditure plan. The company expects its operational portfolio run-rate EBITDA to reach ₹21,000 crore by FY27-end, plans to commission its first 500 MW pumped storage project, and targets over 10 GWh of battery storage capacity.

PN Gadgil Jewellers reported record Q1 FY27 performance, with revenue rising 40.7% YoY to ₹2,413 crore and net profit increasing 51.9% to ₹105.3 crore. EBITDA grew 56.6% with margin expanding to 8%. Retail revenue surged 56.9%, supported by 46.1% same-store sales growth, while the stock gained 7% following the results announcement.

Tamilnad Mercantile Bank reported a 35% YoY increase in Q1 FY27 net profit to ₹412 crore, driven by strong loan growth and improved asset quality. Advances rose 28%, deposits increased 20%, while Gross NPA and Net NPA improved to 0.69% and 0.17%, respectively. The bank also maintained a strong Basel III capital adequacy ratio of 32.33%.