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Fidelity marks down Gupshup's stake, implies sharp valuation drop

Fidelity cuts Gupshup's implied valuation to $280-300 million from $1.4 billion, reflecting steep markdown amid slowdown and business challenges

Northern Coalfields' production rises 1.08% to 140.5 million tonnes in FY26

Coal India arm reports 1.08% rise in output to 140.5 MT in FY26, meeting targets and supplying bulk of dispatch to thermal power plants

Large state run banks see healthy loan growth in FY26, beat deposits

State-owned banks PNB and Central Bank of India report strong double-digit credit growth in FY26, with advances rising faster than deposits across lenders

Govt plan to levy data tax may earn nearly ₹30K cr in revenue: IIFL Capital

₹1/GB data tax could fetch ₹30,000 crore but raise mobile bills by up to 20%, says IIFL; proposal may face pushback over regressive impact

LIC, New India Assurance, GIC Re retain systemically important status

Irdai retains LIC, New India Assurance and GIC Re as systemically important insurers for FY26, mandating enhanced supervision, governance norms and risk management oversight

Irdai seeks compliance check, action plan on dark patterns from insurers

Irdai asks insurers to assess compliance with dark pattern norms within 15 days and submit corrective action plans within a month for any non-compliance

Franklin Templeton MF launches Sapphire Equity Long-Short SIF strategy

Franklin Templeton MF launches its first specialised investment fund, Sapphire Equity Long-Short SIF, using a quantitative strategy with selective shorting to manage downside risks

AgriTech may unlock $90 billion in Southeast Asia, India offers roadmap

'India's venture and governance evolution an instructive model to unlocking opportunities'

What are the best term insurance plans for working women?

Term insurance becomes crucial after 30 as premiums rise with age; locking in early ensures stable costs and financial protection for dependents, helping secure long-term goals and liabilities

Mid, small sized private banks' credit growth outpace deposit in FY26

Advances at select mid- and small-sized private banks grew faster than deposits in FY26, reflecting tighter funding conditions across the sector

YES Bank names S Anantharaman as CRO to strengthen risk management

YES Bank appoints S Anantharaman as Chief Risk Officer to oversee enterprise-wide risk, including credit, market, and operational frameworks

Inox Clean Energy acquires Vibrant Energy at ₹5000 cr enterprise value

Inox Clean Energy acquires Macquarie-owned Vibrant Energy for about ₹5,000 crore, boosting its portfolio and strengthening its presence in the C&I renewable segment

Niyo Forex enters Chennai to tap Tamil Nadu's outbound travel demand surge

Niyo Forex launches Chennai branch as part of its expansion plan, targeting Tamil Nadu's outbound travel and remittance demand with a phygital model and wider service network

Paisabazaar gets adverse order under Benami Property Transactions Act

PB Fintech subsidiary receives adverse order under Benami law; company says it will appeal and sees no immediate financial impact

Magnum Ice Cream Company completes 61.9% stake buy in Kwality Wall's

TMICC completes acquisition of majority stake in Kwality Wall's India from Unilever, with mandatory tender offer underway and listing to continue on Indian bourses

RBI defers acquisition financing, capital market norms to July 1

Central bank extends deadline by three months after industry flags operational and interpretational issues; also clarifies rules on acquisition finance and capital market exposure

Bharti Airtel, Carlyle, Alpha Wave to invest $1 billion in Nxtra Data

Consortium investment to value Nxtra at $3.1 billion as Airtel scales AI-ready data centres and targets 1 GW capacity amid rising demand for digital infrastructure

BlackSoil extends ₹40 crore debt funding to Indifi for SME expansion

BlackSoil Capital invests Rs 40 crore in Indifi to strengthen SME lending capabilities and support expansion of digital credit solutions for underserved businesses

Burman family raises stake in Religare Enterprises to nearly 30%

Family crosses 30% stake in Religare Enterprises through open market purchases, with potential to exceed 34% after warrant conversion next year

Jubilant FoodWorks flags limited impact from commercial LPG shortage

Domino's operator says LPG supply constraints due to West Asia tensions have had limited impact so far, as it shifts towards alternative energy sources like PNG and electricity