📰 India Business Brief: Top Headlines for August 12, 2026

Economic Times

• Coforge Launches Private Equity Unit: The digital engineering firm has announced a new business unit dedicated to the private equity sector, powered by its AI operating system, "Nuuron," to provide advanced data and governance solutions.
• L&T Restructuring: Larsen & Toubro is transferring its data center and cloud services business to its wholly-owned subsidiary, Vyoma.AI, in a slump sale valued at ₹1,400 crore.
• Family Business "Fluidity": A growing trend shows Indian business families incorporating "fluidity" clauses in their settlement deeds, allowing for flexible succession and management arrangements as circumstances change.
• Air India Safety Incident: An Air India pilot on the Phuket-Delhi route has reportedly tested positive for marijuana, prompting a summons for CEO Campbell Wilson by the Ministry of Civil Aviation.

Business Standard

• Accel’s AI Bet: Venture capital giant Accel has closed its ninth India-focused fund at $550 million, part of a larger $3.5 billion global raise, specifically targeting the next generation of AI-driven startups.
• BEML Bags HAL Order: BEML has secured a contract worth ₹184.25 crore from Hindustan Aeronautics Limited (HAL) to supply fuselage aerostructures for Light Combat Helicopters (LCH).
• Vodafone Idea Funding: The telecom operator's capital expenditure plans received a major boost with ₹6,400 crore in fresh bank funding.
• Leadership Change at GCPL: Godrej Consumer Products Limited (GCPL) has appointed Aasif Malbari as its new MD & CEO, following the stepping down of Sudhir Sitapati.
• Himadri’s Capex Plan: Himadri Speciality Chemical has outlined a ₹1,300 crore capex plan for FY27, focusing on expanding its battery materials investment.

Mint

• Shiprocket IPO Launch: E-commerce enablement platform Shiprocket raised ₹727 crore from anchor investors just before its public issue opened on August 12, aiming for a total raise of ₹1,617 crore.
• Fitch Rating Affirmation: Fitch Ratings has retained India's sovereign credit rating at 'BBB-' for the 20th consecutive year, maintaining a stable outlook despite global volatility.
• Inflation Outlook: A Mint poll of economists suggests that India’s retail inflation for July is likely to remain steady at approximately 4.4%.
• Resilient Logistics: E-way bill generation rose by nearly 6% in July, signaling steady movement of goods and consistent domestic demand.
• Landmark Cars Q1 Results: The premium automotive retailer reported that its net profit nearly doubled to ₹14.5 crore in the first quarter.

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