Maruti Suzuki Posts Record Q2 Sales, Launches Osamu Suzuki CoE

Maruti Suzuki India Limited (MSIL) Q2 FY 2026‑27 Results Approved by Board

Q2 (July–September) FY 2026‑27 Highlights

• Highest‑ever quarterly sales volume: 696,654 units, a 26.5% increase year‑on‑year.
• Domestic passenger vehicle growth: Small car sales up 35.9%, SUV sales up 68.2% with strong response to new models.
• Domestic market share: Increased by 2.2 percentage points to 40.8%.
• Capacity additions: Supported demand, but supply lagged, leaving ~17 days of inventory and ~200,000 pending bookings.
• Exports: 108,119 units versus 110,487 units in Q2 FY25‑26 amid geopolitical challenges.
• Net Sales: Record INR 506,155 million, up from INR 401,358 million last year.
• Operating Profit (EBIT): INR 28,037 million, down from INR 33,820 million in Q2 FY25‑26 due to commodity cost pressures, but up 10.8% sequentially from Q1 FY26‑27.
• Net Profit: INR 24,149 million, compared to INR 33,028 million in the prior year, impacted by mark‑to‑market losses.

H1 (April–September) FY 2026‑27 Highlights

• Highest‑ever half‑yearly sales volume: 1,379,378 units, a 27.9% YoY increase.
• Domestic sales: 1,146,523 units.
• Exports: 232,855 units.
• Net Sales: Record INR 1,005,746 million, versus INR 767,564 million in H1 FY25‑26.
• Net Profit: INR 57,670 million, compared to INR 70,609 million last year.

Osamu Suzuki Centre of Excellence

Mr. Osamu Suzuki, who transformed India’s car industry over four decades with his philosophy and manufacturing concepts, is being honoured through the establishment of the Osamu Suzuki Centre of Excellence.

• Incorporation: Approved as a Section 8 company.
• Purpose: To disseminate Japanese manufacturing philosophy and culture, inspired by Mr. Suzuki’s teachings.
• Focus: Promote vocational and future‑ready technical skills to advance manufacturing excellence across India.
• CSR Initiative: Undertaken as part of MSIL’s Corporate Social Responsibility activities.

ESET Unveils AI Security Layer to Block Scams in APAC

ESET expands consumer and SOHO protection with new AI security and anti-scam capabilities

New ESET AI Security layer protects users from AI-driven scams and emerging threats targeting AI tools.

Advanced protection features include AI Conversation Security, AI Agent Security, and Behavioral Monitoring.

Additional improvements include enhanced privacy and control with Browser Screen Protection, as well as Web Control, which helps users stay safer during everyday online activity.

ESET, a global leader in cybersecurity, today announced new upgrades to ESET HOME Security and ESET Small Business Security, helping consumers and small office/home office users better protect themselves against scams, including increasingly sophisticated AI-powered scams, malicious links, and emerging threats targeting AI tools.

“As AI becomes part of everyday life across Asia Pacific, it is changing both how people use technology and how cybercriminals target them,” said Parvinder Walia, President of APAC region at ESET. “Consumers and small businesses need protection that keeps pace with these changes, without adding complexity to their daily lives. With these new capabilities, we are helping users recognise and avoid scams, safeguard sensitive information, and use AI tools with greater confidence.”

Recognising this shift, ESET has been strengthening its consumer and SOHO protection against scams for several years and now introduces a new AI Security protection layer, built specifically to safeguard users in this rapidly evolving digital landscape.

Key features of ESET AI Security

• AI Conversation Security – Safeguards interactions between end users and ChatGPT. Other major LLMs, such as Gemini and Copilot, will be integrated soon. It proactively scans URLs found in LLM responses and flags content originating from phishing, malicious, or potentially unwanted sources, informing users that the referenced content may not be safe before they click on it. It also scans scripts generated by LLMs to help prevent users from running malicious code on their devices.
• AI Agent Security – Monitors what AI agents access and download before execution happens. It proactively protects against unsafe files, scripts downloaded by AI tools, and suspicious external URLs.
• AI Skills Checker – AI Skills Checker is a free online tool powered by AI Agent Security technology. It scans AI skills (add-ons for AI tools that enhance their functionality) for signs of malicious activity and risky behavior before users install and use them.
• AI Behavioral Monitoring – Works alongside AI Agent Security to continuously monitor AI agents’ behaviors and actions to discover unusual actions, suspicious access attempts, unexpected behavior patterns, and suspicious download sources.

Browser Screen Protection

Designed to safeguard sensitive data during online activity, which:

• Prevents unauthorised screenshots, screen recording, and screen sharing
• Protects against infostealers and screen-capture malware
• And strengthens security during online banking, shopping, and private browsing sessions

ESET Mobile Security for iOS*

Protecting users against malicious websites, links, and threats coming from misconfigured device settings or vulnerable Wi-Fi networks. This solution is available on the App Store in both free and premium versions.

• Link Checker (Free) – Checks any URL against ESET’s continually updated database of malicious links.
• Device Scan (Free) – Provides a one-click security posture overview and checks the device setup for potential weaknesses, including misconfigured settings, missing protection-related permissions, and ignored issues.
• Device Settings Check (Free) – Reviews key protections, such as screen lock, notification handling, and available storage for future updates.
• Anti-Phishing for Safari (Premium) – Blocks malicious pages before they load.
• Connection Security (Premium) – Flags risky or unsecured Wi-Fi networks while allowing creation of a list of trusted networks.

ESET Small Business Security

Now also includes Web Control. This feature enables users to configure web access settings to protect employees from accessing web pages that may contain dangerous or inappropriate content, potentially offensive material, content violating intellectual property rights, or pages that may have a negative impact on productivity.

To learn more about ESET HOME and its subscription tiers, visit our dedicated webpage. For more information about ESET Small Business Security, visit the product page.

*Pending approval. iOS app available soon. App release is subject to Apple App Store approval. Actual app availability may vary by region.

About ESET®

ESET protects organizations, critical infrastructure, and individuals, helping them build digital resilience and confidence in an increasingly AI-driven world. With more than 35 years of cybersecurity expertise, over 25 years of AI innovation, and 11 global R&D centers, ESET develops proprietary technologies designed to protect against evolving cyber threats and secure the broader AI ecosystem. Grounded in scientific rigor and taking a preemptive approach to security, ESET delivers effortless protection that remains under expert human oversight. Headquartered in the European Union and privately owned, ESET protects millions of users and more than 500,000 organizations across 178 countries. Committed to responsible AI and customer trust, ESET protects the progress that technology enables. For more information, visit www.eset.com or follow ESET’s social media, podcasts, and blogs.

Axis Bank and IIM Bangalore Partner to Establish the ‘Axis Bank Centre of Economics’ at IIMB’s New Undergraduate Campus

The collaboration will support the Centre’s infrastructure, academic research and scholarships for meritorious students

Axis Bank, one of the largest private sector banks in India, and the Indian Institute of Management Bangalore (IIMB) have signed a Memorandum of Understanding (MoU) to establish the Axis Bank Centre of Economics at the IIMB – Dorabji Tata School of Undergraduate Studies, the Institute’s greenfield campus located in Jigani, Bengaluru.

The MoU signing took place at Axis House in Worli, Mumbai and was attended by Dr. Devi Prasad Shetty, Chairperson, Board of Governors, IIM Bangalore; Mr. Amitabh Chaudhry, MD & CEO, Axis Bank; Prof. U. Dinesh Kumar, Director-in-charge, IIM Bangalore; and Mr. Vijay Mulbagal, Group Head – Wholesale Bank Coverage, Corporate Salary, Sustainability & CSR, Axis Bank, along with senior leadership representatives from both institutions.

As part of the collaboration, Axis Bank shall facilitate the construction and operationalization of the Axis Bank Centre of Economics in the Integrated Academic and Administrative Block in Phase I of the new campus, which will serve as a key academic and research facility for the entire School. The commitment also extends to faculty development, research, and offering need- and merit-based scholarships for deserving students.

The Axis Bank Centre of Economics will adopt a curriculum aligned with global standards, which combines disciplinary depth with quantitative and computational learning from the outset, promoting the use of data, quantitative methods and empirical analysis to address real-world economic challenges. This Centre will be integral to the School’s vision of becoming a globally benchmarked institution known for academic excellence, interdisciplinary learning and contemporary research.

Speaking on the occasion, Vijay Mulbagal, Group Head – Wholesale Bank Coverage, Corporate Salary, Sustainability & CSR, Axis Bank, said: “Multi-disciplinary education and research are vital to building the knowledge, skills and capabilities India needs to navigate an increasingly complex economic landscape. Together with IIM Bangalore, Axis Bank aims to establish a new paradigm in undergraduate education that is benchmarked to global standards and integrates meaningful pedagogy with deep research. The Axis Bank Centre of Economics reflects our continued commitment to strengthening institutions that can play a leading role in shaping India’s long-term, inclusive and sustainable progress.”

On the occasion, Prof. U. Dinesh Kumar, Director-in-charge, IIMB, said: “We are grateful to Axis Bank for supporting our vision for the Axis Bank Centre of Economics at the IIMB – Dorabji Tata School of Undergraduate Studies. Economics is central to understanding the forces shaping businesses, markets and society, and its study today increasingly calls for strong foundations in quantitative and qualitative methods, data-driven application and interdisciplinary thinking. The Centre will contribute to creating an environment where students and faculty can engage deeply with the determinants of global and national development. The support from Axis Bank will enable us to strengthen academic infrastructure and create opportunities that advance the School’s mission of developing a world-class undergraduate institution”.

The IIMB – Dorabji Tata School of Undergraduate Studies welcomed its first academic cohort in August 2026. 80 students across the Bachelor of Science (Hons) programmes in Data Sciences and Economics were selected from a record pool of nearly 12,000 applicants through a rigorous application process. 40 students from the inaugural cohort shall pursue their Bachelor of Science Degree in Economics with a minor in Data Sciences at the Axis Bank Centre of Economics.

Building on the School's strong academic foundation, the Axis Bank Centre of Economics will open new avenues for students and faculty while nurturing future economists, researchers and leaders equipped to shape India's growth and engage with the global economy.

LTM Launches GCC Origin as Independent Business Unit to Drive Next‑Generation AI‑Native Global Capability Centers

LTM, the Business Creativity partner to the world’s largest enterprises, today announced the launch of GCC Origin, a dedicated business unit to help enterprises establish, operate, scale and transform Global Capability Centers in India.

As GCC needs evolve in the AI era, enterprises are seeking greater scale, speed and integration. GCC Origin represents the evolution of LTM’s GCC strategy to meet these changing needs. Operating as a standalone business unit within LTM, GCC Origin will have dedicated leadership, sales and delivery teams, specialist expertise and significant investment. LTM has appointed Shailendra Singh to lead the business unit, reporting to Venu Lambu, Chief Executive Officer and Managing Director, LTM.

GCC Origin brings together strategy, AI, technology, talent, infrastructure, operations and ecosystem partnerships under one integrated model. Spanning site selection, workplace and infrastructure, operational readiness and turnkey facilities across Tier 1 and Tier 2 cities, it is powered by BlueVerse™, LTM’s agentic AI ecosystem, to help enterprises build new GCCs and transform existing ones to be AI-native by design.

"The role of the GCC has changed. Enterprises no longer set them up to cut costs, they want them to create value from day one and to own capabilities that shape the business. Increasingly, that means AI. GCC Origin is built for that shift, helping enterprises create GCCs that are agentic by design. Its modular model lets clients build, operate and transform GCCs around their priorities, accelerating the path from setup to business value,” said Venu Lambu, Chief Executive Officer and Managing Director, LTM.

GCC Origin offers a componentized service catalogue that lets enterprises select capabilities based on the maturity and scale of their GCC. They can opt for the full GCC lifecycle or individual services through models including Assisted GCC, Build-Operate-Transform-Transfer, Virtual GCC, Joint Ventures, Staff Augmentation and Hire-Operate-Transfer, depending on their ownership and operating model. GCC Origin’s services include:

• Design and advisory: GCC Origin advises on GCC strategy, location and engagement model, and designs the operating blueprint, governance framework and commercial and ownership model best suited to each enterprise.
• Talent, learning and workforce development: LTM’s AI-driven platforms, including Talent Pool Radar, TalentInsights and LTM Shoshin, support hiring, talent management and continuous upskilling.
• AI agents and studios, automation and innovation: BlueVerse offers 300+ pre-built AI agents, custom agents, AI Centres of Excellence, innovation-as-a-service and Automate suite powered by Agent Next.
• Operate and transform: LTM manages IT and business operations, transition, governance, knowledge management, finance, tax, payroll and workplace services.
• Transfer: Structured transfer of talent, technology, knowledge, infrastructure, capabilities and operational ownership aligned with enterprise’s GCC model.

About LTM

LTM, a Larsen & Toubro Group Company, is an AI-centric global technology services company and the Business Creativity partner to the world’s largest enterprises. We bring human insights and intelligent systems together to help clients create greater value at the intersection of technology and domain expertise. Our capabilities span integrated operations, transformation and business AI, enabling new ways of working, new productivity paradigms and new roads to value. Together with over 88,000 employees across 40 countries and our global network of partners, LTM owns outcomes for clients, helping them not just outperform the market, but Outcreate it. Read more at LTM.com.

Media Contact:

Michelle Nalini Kumar | Global Media Relations | Michelle.NaliniKumar@ltm.com

Dipshikha Bhattacharyya | Global Media Relations | Dipshikha.bhattacharyya@ltm.com

Tesla India Posts ₹247 Crore Revenue, Turns Profitable in Debut Year of Car Sales

Tesla India has reported ₹247.3 crore in revenue and turned profitable with a net profit of ₹5.16 crore in FY26, its first full year of car sales, driven primarily by the Model Y and Model Y L. This marks a major milestone for the EV maker in India’s price-sensitive market, showing early viability despite high import duties.

Tesla India FY26 Performance

• Revenue: ₹247.31 crore (up nearly 12x from ₹20.83 crore in FY25)
• Net Profit: ₹5.16 crore (vs. ₹55.5 lakh in FY25)
• Vehicle Sales Contribution: ₹214.69 crore (~87% of revenue)
• Services Contribution: ₹32.4 crore
• Registrations: 1,782 vehicles in FY26; momentum continued with 650 registrations in the first half of FY27

Expansion in India

• Showrooms & Experience Centres: Mumbai, Delhi, Noida, Gurugram, Chennai, Bengaluru, Hyderabad
• Body Shops: Pune and Ahmedabad
• First showroom: Opened in Mumbai in 2025
• Investment: ₹86 crore infused into Tesla India Motors and Energy in FY26

Models Driving Growth

• Tesla Model Y: Price ₹50.89 lakh, Range ~500 km, Seating 5-seat configuration
• Tesla Model Y L: Price ₹61.99 lakh, Range 681 km, Seating 6-seat, three-row layout

Financial Snapshot

Metric	FY25	FY26
Revenue	₹20.83 crore	₹247.31 crore
Net Profit	₹55.5 lakh	₹5.16 crore
Vehicle Sales	—	₹214.69 crore
Services Revenue	₹20.83 crore	₹32.4 crore
Registrations	—	1,782 vehicles
Capital Expenditure	₹1.16 crore	₹62.54 crore
Cash & Equivalents	₹10.28 crore	₹87.82 crore

Challenges Ahead

• High Import Duties: 100% duty keeps Tesla’s pricing premium compared to rivals with local manufacturing
• Rising Costs: Employee benefits tripled to ₹43.67 crore; rent surged to ₹30.32 crore
• Competition: Rivals like BMW iX1, Kia EV6, and BYD Sealion 7 offer competitive EV options at lower prices