Finance

RPSG Group's Purvah Green Power to acquire 1.4 GWp operating solar portfolio for INR 4859 crore from ReNew Solar Power. All details here

The RP-Sanjiv Goenka Group (RPSG) today announced that Purvah Green Power Private Limited, the renewable energy platform of CESC Limited, is set to acquire a 1.4 GWp operating solar portfolio from ReNew Solar Power Private Limited, held across six project special purpose vehicles in Rajasthan and Karnataka, at an enterprise value of ₹ INR 4859 crore (USD 509 million at ₹95.5/USD). The acquisition has been funded by the parent company.

UPI charges coming? Govt breaks silence, reveals who may have to pay

The government has opened the door to introducing a nominal Merchant Discount Rate (MDR) on a limited set of UPI merchant transactions above a certain threshold, while assuring users that consumer and person-to-person payments will remain free.

Invest in mutual funds on WhatsApp? UTI MF unveils first-of-its-kind solution

UTI Mutual Fund, one of India's leading fund houses, has launched a first-of-its-kind milestone offering for investors to complete their entire investment journey, including payments, without leaving WhatsApp.

Cabinet clears Rs 23,731 crore GOBARdhan scheme: Big push for India’s compressed biogas revolution

The Union Cabinet has approved GOBARdhan, the National Circular Bioenergy Scheme, with a total outlay of Rs.23,731 crore.

SBI posts record ₹21,121 crore quarterly profit, loan growth tops 18 percent

Public sector lender State Bank of India (SBI) on Friday reported its highest-ever quarterly net profit of ₹21,121 crore, driven by robust loan growth across key business segments.

L&T wins offshore orders from ONGC

L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured a batch of orders from the Oil & Natural Gas Corporation (ONGC) for the Pipeline Replacement Project (PRP-X) and Well Head Platforms Project off India's west coast.

Sensex crashes over 500 points, Nifty slips below 24,600 as global jitters hit Dalal Street

Mumbai/IBNS: Indian equity markets witnessed a sharp sell-off on Friday, with the benchmark BSE Sensex plunging more than 500 points and the NSE Nifty 50 slipping below the 24,600 mark amid weak global cues and cautious investor sentiment.

Infosys lands 10-year AI deal with Crocs to drive global digital transformation

Indian IT services major Infosys has signed a 10-year strategic agreement with Crocs, Inc., the global casual footwear company, to accelerate the retailer's enterprise-wide digital transformation through AI-first technologies.

Why Swiggy shares jumped over 5% today: Inside its ₹10,000-crore FY31 growth plan

Mumbai/IBNS: Swiggy shares surged more than 5 percent on Thursday after the company unveiled an ambitious five-year growth strategy at its Capital Markets Day 2026, according to media reports.

Markets open in green, but all eyes are on the Strait of Hormuz

Mumbai/IBNS: The Indian stock market opened marginally higher on Thursday, with gains in select heavyweight stocks offset by losses in other sectors, keeping the benchmark indices largely range-bound.

Air India appoints former Ethiopian Airlines Chief Tewolde Gebremariam as CEO & MD

Air India on Wednesday appointed veteran aviation executive Tewolde Gebremariam as its new Chief Executive Officer (CEO) and Managing Director (MD), succeeding Campbell Wilson, who stepped down earlier this year.

UPI users alert! Charges on high-value transactions may be around the corner

The Union government may soon introduce merchant charges on Unified Payments Interface (UPI) transactions above ₹2,000, according to media reports, potentially ending the zero-cost regime for merchants on high-value digital payments.

Plastic money is coming! RBI targets launch of Polymer notes next financial year

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday said polymer-based currency notes are expected to enter circulation from the beginning of the next financial year, subject to the successful completion of ongoing pilot trials.

Visa fires 2,600 employees worldwide, Indian staff shocked by early morning layoff emails

Global payments giant Visa has laid off around 2,600 employees, or about 7 percent of its global workforce, with several of those affected based in India.

No rate cut! RBI keeps repo rate unchanged, sees 6.7% growth but warns inflation will rise

Mumbai/IBNS: The Reserve Bank of India (RBI) on Wednesday projected India's real GDP growth at 6.7 per cent and retail inflation at 5 per cent for the financial year 2026-27 in its latest Monetary Policy Statement.

Ola Electric stock jumps 10%! Here's what triggered the sharp rally

Mumbai/IBNS: Shares of Ola Electric Mobility Ltd. surged more than 10 percent on Wednesday after the company announced its first partnership under the newly unveiled Ola Mahashakti platform, according to media reports.

Strait of Hormuz disruption rattles global energy, fertilizer and industrial trade, says ITC

A recent analysis has found that the disruption in the Strait of Hormuz, amid the Iran-US conflict, has exposed the vulnerability of global trade to a single maritime chokepoint, with early data showing sharp falls in exports of energy, fertilizers and industrial products.

Aditya Birla Health launches Activ Yuva plan, targets young adults

Private insurer Aditya Birla Health Insurance Company Ltd (ABHICL) on Tuesday said its newly launched Activ Yuva plan is aimed at increasing insurance penetration among young Indians aged 25 to 35 years, a demographic where coverage remains relatively low.

Visa's $2.4 billion BioCatch acquisition aims to strengthen fraud protection

Visa on Tuesday announced it has signed a definitive agreement to acquire BioCatch, a leading provider of behavioural-first, multi-signal fraud intelligence, from funds advised by Permira and other shareholders for $2.4 billion in cash.

IMFA eyes major capacity boost as Kalinganagar Greenfield project nears commissioning

Indian Metals & Ferro Alloys Ltd (IMFA), India's largest producer of ferro chrome, on Tuesday said its greenfield expansion project at Kalinganagar (KNR 1) is progressing on schedule after receiving the required Consent to Operate (CTO) and Factory Licence.

Jupiter Wagons, Lucchini RS forge India-Italy partnership to build India's first private railwheel manufacturing platform

Jupiter Wagons Ltd (JWL) on Tuesday announced a strategic partnership with Italy's Lucchini RS Holding S.p.A. (LRS) to establish India's first fully integrated private-sector railwheel manufacturing platform.

FSSAI orders Dabur to stop selling certain products with '100%' claims—Here's why

The Food Safety and Standards Authority of India (FSSAI) has directed Dabur India Ltd to immediately stop the sale of several food products carrying allegedly misleading "100 per cent" claims, according to media reports.

L&T bags ultra-mega offshore contract from ADNOC for major Middle East project. All details here

L&T Energy Hydrocarbon Offshore (LTEH Offshore) on Tuesday announced that it has secured an ultra-mega offshore contract from ADNOC Offshore for a major energy project in the Middle East.

India nears 100% banking coverage! Finance Ministry reveals major milestone

The Union Finance Ministry on Monday informed Parliament that India has achieved near-universal banking coverage, with 99.92 percent of inhabited villages now served by a banking outlet.

GRSE receives ONGC contract for construction of four platform supply vessels

Reinforcing India's push for self-reliance in maritime manufacturing, Garden Reach Shipbuilders & Engineers Ltd. (GRSE), a Navratna Defence Public Sector Undertaking under the Ministry of Defence, has received a Notification of Award (NoA) from Oil and Natural Gas Corporation Ltd. (ONGC) for the construction of four Platform Supply Vessels (PSVs).

Stock Market roars back! Nifty surges 390 points to reclaim 24,700

The Indian equity market extended gains for the fourth straight session on Monday with Nifty closing over the 24,700 mark.

Indian Railways hits new milestone! Freight jumps 9 percent, 63 crore passengers travelled in July

Indian Railways on Monday said it maintained strong operational momentum in July 2026, recording healthy growth in both freight and passenger segments.

AI could change India's biggest IT business model, says market veteran

Veteran investor Raamdeo Agrawal believes artificial intelligence (AI) could fundamentally reshape India's IT services industry, particularly as businesses increasingly adopt enterprise AI solutions.

India's coal production rises 7.51 percent in July 2026; dispatch grows 17.34 percent

India's coal production rose 7.51% year-on-year in July 2026, reflecting steady growth in the sector, according to government data released on Sunday.

Zoho founder explains why India's IT boom is no longer creating jobs

Zoho founder and Chief Scientist Sridhar Vembu has warned that India's biggest challenge is creating enough jobs for its growing youth population amid an uncertain global economic environment, saying the IT industry is no longer generating employment at the pace it once did.