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Corporate News - August 2026
ECONOMY
India's GDP maintains growth momentum at 7.8% in Q1
India's economy grew 7.8% in the April-June quarter of FY27, maintaining strong momentum despite geopolitical uncertainties, a delayed monsoon and tariff concerns. While growth moderated from 8.6% in Q4 FY26, it remained above the 6.8% recorded in the corresponding quarter a year earlier. The latest figure also exceeded the Reserve Bank of India's earlier Q1 projection of 7%. Nominal GDP growth accelerated to 10.3%, compared with 8.1% in Q1 FY26. With inflation remaining within the RBI's tolerance band, sustained price pressures could, however, prompt tighter monetary policy and weigh on growth in subsequent quarters.
India Targets 1 Million Tons of New Green Ammonia
India is planning a major expansion of domestic green ammonia supply to reduce fertiliser manufacturers' dependence on imported fossil fuels. The Solar Energy Corporation of India (SECI) plans to procure an additional 1 million tonnes of locally produced green ammonia annually through tenders. This follows 724,000 tonnes already covered by offtake agreements announced in March with fertiliser companies and suppliers, including ACME Cleantech and NTPC Green. SECI is also preparing tenders for domestically produced green methanol. The initiative could strengthen India's fertiliser supply chain while providing greater revenue certainty for green hydrogen developers.
MERGERS & ACQUISITIONS
JSW Paints Completes the Acquisition Process of Akzo Nobel India
JSW Paints Limited has completed the acquisition of a 60.76% stake in Akzo Nobel India Limited (ANIL) from Akzo Nobel N.V. and its affiliates. Following the successful completion of its open offer, through which it acquired an additional 0.44% from public shareholders, JSW Paints now holds a 61.2% stake in ANIL. The transaction strengthens JSW Paints' position as a major player in India's paints sector. ANIL, a leading decorative and industrial paints company, was previously part of Netherlands-headquartered Akzo Nobel, a global leader in paints and coatings.
Atom Group acquires Amaltas Partners, enters Dubai's DIFC
Bengaluru-based Atom Group has acquired Amaltas Partners Limited, marking its entry into the Dubai International Financial Centre (DIFC). The group, which operates across wealth management, insurance advisory and investment banking in India, the UAE and Singapore, plans to ensure continuity for Amaltas' existing clients while expanding its multi-family office, risk advisory, investment banking and cross-border capabilities. Atom Group's multi-family office platform, Atom Privé, advises more than 300 families with assets exceeding USD 1.4 billion. The acquisition strengthens the group's presence in the UAE and expands its offerings for high-net-worth families.
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Institute of Directors India
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Institute of Directors (IOD) is an apex national association of Corporate Directors under the India's 'Societies Registration Act XXI of 1860'. Currently it is associated with over 31,000 senior executives from Govt, PSU and Private organizations of India and abroad.
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Disclaimer: The opinions expressed in the articles/ stories are the personal opinions of the author. IOD/ Editor is not responsible for the accuracy, completeness, suitability, or validity of any information in those articles. The information, facts or opinions expressed in the articles/ speeches do not reflect the views of IOD/ Editor and IOD/ Editor does not assume any responsibility or liability for the same.
