IndusInd Bank to Raise ?30,000 Crore via Debt-Equity Mix to Rebuild Confidence After Accounting Lapse

Mumbai – IndusInd Bank, backed by the Hinduja family, has announced plans to raise up to ?30,000 crore through a combination of debt and equity instruments. The decision was approved by the bank’s Board of Directors on Wednesday as part of efforts…

Indian Investors Favour Hybrid Mutual Funds; Net Inflows Rise to Rs. 23,223 Crore in June

New Delhi – Indian mutual funds saw strong investor interest in June 2025, with hybrid schemes emerging as the most preferred option amid market volatility, according to a report released on Wednesday.

The mutual fund industry’s total Assets…

India Projected to Grow 6.6% in FY26 Despite Global Economic Uncertainty

New Delhi: India’s economy is expected to grow by 6.6% in FY26, close to its long-term trend, driven by stronger consumption demand supported by recent monetary easing, income tax cuts, favorable monsoon conditions, and the continued possibility of…

Titan Company to Acquire 67% Stake in Dubai-Based Damas for $283 Million

New Delhi: Titan Company announced on Monday that it will acquire a 67% stake in Dubai-based luxury jewellery retailer Damas for an enterprise value of AED 1,038 million (over $283 million), as part of its strategy to expand across the Gulf Cooperation…

Gold Gains Over Rs 700 This Week, Silver Surges Past Rs 1.12 Lakh Mark

New Delhi: Gold and silver prices posted strong gains this week as global uncertainties drove investors toward safe-haven assets.

Gold prices rose by over ?700 per 10 grams, while silver surged more than ?5,100 per kilogram.

According…

India’s Agri-Exports Rise in Q1 FY26, Driven by Strong Rice Shipments

New Delhi: India’s agricultural and processed food exports saw a robust start in FY26, growing by 7% year-on-year to reach $5.96 billion in the April–June quarter (Q1), according to official data.

Rice remained the cornerstone of India’s agricultural…

Tata Power Signs 120 MWh Battery Energy Storage Deal with NHPC for Kerala

Mumbai – Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed its first-ever Battery Energy Storage Purchase Agreement (BESPA) with government-owned energy major NHPC Limited.

The agreement,…

India’s Net Annual Office Leasing to Hit Record 50 MSF by FY27: Crisil Report

Mumbai – India’s net leasing of Grade A commercial office space is projected to surpass 50 million square feet (MSF) in the financial year 2026-27, marking an all-time high, according to a report released by Crisil Ratings on Thursday.

Driven…

SBI Board Approves Plan to Raise Rs 20,000 Crore via Bonds in FY26

New Delhi – The board of directors of the State Bank of India (SBI) has approved a proposal to raise ?20,000 crore through bonds during the current financial year (FY26), aimed at strengthening the capital base of India’s largest public sector lender.

India’s Q1 Passenger Vehicle Sales Cross One Million for Second Consecutive Year

New Delhi: India’s passenger vehicle sales crossed the one million mark in the first quarter (April–June) of the 2025–26 financial year for the second year in a row, with exports showing strong double-digit growth, according to data released by the…