IBM has invited applications from eligible companies to establish mineral exchanges, with the platforms initially allowed to facilitate trading in five minerals

minerals

Business Standard

The official said RIICO received significant interest in two plots offered at Maal ki Toos in Udaipur to promote tourism activities, with around 68 entrepreneurs participating in the bidding

RIICO

The proposed project is expected to help India build experience in the technical and logistical challenges of offshore wind development

windmill, energy, Wind energy

Leading cement maker UltraTech on Monday said it has become the first Indian company to cross 2 GW of captive green power capacity after commissioning a 116.55-MW wind energy project in Barmer, Rajasthan.
The Aditya Birla Group flagship company has also commissioned 10 MW of Waste Heat Recovery System (WHRS) capacity at Sarlanagar Cement Works, its integrated manufacturing unit in Karnataka.
"With this, UltraTech's cumulative installed green energy capacity has reached 2,024 MW, making it the first cement company in India to commission over 2 GW of green energy capacity for captive use," the company said in a statement.
UltraTech's current green energy capacity of 2,024 MW comprises 1,580 MW of renewable energy capacity and 444 MW of WHRS capacity.
"Together, these meet about 48 per cent of the company's current power requirements," it said.
The milestone reflects the cumulative impact of UltraTech's multi-pronged energy transition strategy.
So far in FY27, nearly a third of ...

Ultratech Cement, Ultratech, Cement

The Aditya Birla Group flagship company has also commissioned 10 MW of Waste Heat Recovery System (WHRS) capacity at Sarlanagar Cement Works, its integrated manufacturing unit in Karnataka

Press Trust of India

Sales across the top eight cities held at 258,238 units, with NCR down 11 per cent even as homes priced above ₹1 crore increased their share of demand

Housing market, real estate

The new Whitefield and Wakad centres add around 2.25 lakh sq ft to WeWork India's portfolio, taking its network to 79 centres across eight cities

WeWork

With 40.22 million tonnes of cold storage capacity, India is near its long-term target, but three-quarters is used for potatoes and losses remain high before produce reaches the first cold point

cold chain, cold storage

Electric vehicles are not the only solution to reduce pollution, and the auto industry should remain technology-agnostic in its efforts to cut emissions while giving consumers greater choice, TVS Motor Chairman Emeritus Venu Srinivasan said on Monday.
"I always believe we have to be agnostic (in technology) and look at the net effect on the country in terms of pollution, quality and environment. So, EV is not the only solution," Srinivasan said on the sidelines of the IFQM Symposium 2026.
He said electric vehicles should be allowed to grow organically, with consumer choice playing an important role. In India, EV adoption has been gaining ground, particularly in the three-wheeler and two-wheeler segments.
On ethanol blending in petrol, Srinivasan said the policy could help India reduce its dependence on fuel imports, while the impact on vehicle performance has so far been limited.
"The degradation in performance is very marginal. I think that should not deter us. After all, the whol

Venu Srinivasan

Srinivasan also stressed the need for Indian companies to raise quality and productivity standards as they seek to expand their presence in global markets

July gap widens to 13,060 units; August mismatch persists

Toyota

Leading automakers are ramping up production and building dealer inventory to meet strong customer demand as India enters the peak festive buying season, with manufacturers seeking to ensure adequate vehicle availability and convert healthy bookings into retail sales.
Car market leader Maruti Suzuki India has 2.2 lakh pending bookings ahead of the festive season, while Hyundai Motor India has built four-five weeks of inventory across its dealer network. Mahindra & Mahindra, meanwhile, has scaled up its utility vehicle and electric vehicle manufacturing capacity to 68,000 units a month to improve supply and bring down waiting periods.
Maruti Suzuki India's Senior Executive Officer Partho Banerjee told PTI, "At the beginning of this financial year, we had 12 days of stock. The current bookings pendency is 2.2 lakhs, which translates to 16 days of stock before the festive season.
"We have already commissioned two new production lines, adding 5 lakhs capacity in total. The production .

carmakers, auto industry

Car market leader Maruti Suzuki India has 220,000 pending bookings ahead of the festive season, while Hyundai Motor India has built four-five weeks of inventory across its dealer network

The company has ​issued such a directive for the first time and ‌it comes as Indian unit Maruti Suzuki prepares to boost annual production to 4 million cars by 2030 from about 2.4 million

Suzuki, Suzuki logo

Reuters

The India SME Forum estimates the MSME procurement economy at ₹124.9 trillion, but says only 30-40 per cent of spending currently takes place through digital channels

MSME exports

The highly fragmented and labour-intensive industry relies on imported raw materials such as gold and rough diamonds, exposing it to demand fluctuations and geopolitical disruptions

India gems and jewellery exports, West Asia conflict impact, US tariffs jewellery India, UAE trade India gems, Gems and Jewellery Export Promotion Council, export slowdown India, precious stones imports UAE, gold imports India UAE, trade diversificat

MSME fintech firm Progcap aims to raise up to USD 45 million (approximately Rs 425 crore) from share sales in FY28 to expand its lending business.
"We are planning a capital raise through equity dilution next financial year," Progcap co-founder Himanshu Chandra told PTI.
It would be through private placement of shares, and the quantum could be in the range of USD 40-45 million, depending on the valuation, he said.
"We have enough capital to take care of growth needs for the current financial year. We may look at dilution of equity next financial year," he said, adding that the dilution would be in the single digit.
The fintech firm, which obtained an NBFC licence in 2022, has been witnessing very high growth in MSME lending, especially wholesalers and retailers.
The fintech is currently present in 500 cities, Tier II, III and IV cities, with over 30,000 borrowers having an average ticket size of Rs 10 lakh.
The lending firm focuses on loans to retailers and wholesalers across 10 

investment, funds, funding

The fintech firm plans to raise up to $45 million through a private placement of shares next financial year to support the expansion of its MSME lending operations

Over 100 MSME players of the stainless steel sector have urged the government to reintroduce the quality control order, citing a surge in Chinese imports after the order was revoked to ease the sourcing of raw material for domestic manufacturing.
The steel ministry, through an order dated April 27, suspended the quality control order (QCO) that mandated the use of only BIS-certified items for various stainless steel products. The move was aimed at easing the compliance burden for local producers, especially micro, small and medium enterprises (MSMEs).
However, MSMEs of the stainless steel industry have raised concerns over the steep rise in imports of stainless products following the suspension of the QCO.
"The suspension of QCO has opened the door for a surge of low-priced imports from China, placing domestic MSME manufacturers under severe pressure and threatening thousands of jobs and substantial investments made by Indian entrepreneurs," industry bodies Stainless Steel Induction

steelmakers, steel

MSMEs of the stainless steel industry have raised concerns over the steep rise in imports of stainless products following the suspension of the QCO

Period-end deposits rose 4.9 per cent sequentially and nearly 19 per cent YoY to ₹33.27 trillion, while advances grew 16.3 per cent year-on-year

HDFC Bank, HDFC Bank chairman, HDFC Bank CEO, Sashidhar Jagdishan, Atanu Chakraborty, Keki Mistry, HDFC Bank board, HDFC Bank leadership, HDFC Bank chairman appointment, HDFC Bank CEO reappointment, HDFC Bank governance, HDFC Bank legal review, HDFC

HDFC Bank, ICICI Bank, SBI and Axis Bank have emerged as key training grounds for financial services leaders who later take up top industry roles

bank, banks, private

The benchmark 10-year government bond yield hardened by 42 basis points during the quarter, while the five-year bond yield rose by 43 basis points to 6.85 per cent

banks profits credit growth

Public and private sector banks reported strong deposit growth in Q2FY27, aided by FCNR(B) mobilisation under the RBI's concessional swap window

RBI, FCNR(B), bank deposits, Foreign investors

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