A growing number of younger Indian business heirs are selling stakes in family companies and moving into family offices, private investments and startups as wealth management evolves

Raamdeo Agrawal, co-founder of Motilal Oswal Financial Services Ltd

Bloomberg

The financial incentive has been sought as part of the viability gap funding (VGF)

Talcher fertiliser plant under construction

Business Standard

Oriana Power has secured two projects totalling 900 MW/1,800 MWh from MSEDCL, with the battery storage systems to operate under 15-year purchase agreements

discoms

ONGC on Monday announced that it made the discovery on September 18 at the MN-DW18-1-H-D well, which was drilled to a target depth of 1,623 metres

Crew on board celebrates after ONGC strikes gas (Photo: ONGC)

The GST cut improved cement affordability and encouraged a shift towards premium products, though analysts say its direct impact on overall demand volumes remained limited

cement

Coal inventories at thermal power stations fell to 22.9 MT on September 19, just 39 per cent of normative stock, as 74 of 190 plants faced critically depleted stocks

coal

Recyclers sought the abolition of the mandatory pre-shipment inspection certificate regime and proposed a technology-driven inspection mechanism at Indian ports

G Kishan Reddy, Kishan, Reddy

According to Fada, most of the revival happened in small-car sales due to better-performing rural markets

auto, sales

PV dealer inventory rises to 38-40 days ahead of the festive season, but discounts remain contained as automakers balance stock and demand

Passenger Vehicles

Maruti Suzuki India Ltd (MSIL) is targeting 1 million "green vehicle" sales - spanning CNG, hybrid and EV - this financial year, helped by structural tailwinds such as rising crude prices and the introduction of automatic transmission in CNG variants.
The car market leader, under its Auto Green Mission, on Friday launched automatic S-CNG variants of its popular car models - Swift, Dzire and Baleno.
MSIL, a dominant player in the CNG category with a 70 per cent market share, was earlier expecting sales of 8 to 9 lakh units of green vehicles this fiscal. However, it raised the projection with the introduction of new automatic transmission models, said Senior Executive Officer, Marketing & Sales Partho Banerjee.
He noted thet CNG models previously lost out to petrol/automatic combinations because they lacked automatic transmission options.
The new Swift, Dzire and Baleno automatic S-CNG launches target exactly the "new-age customers who refuse to compromise", buyers who wanted CNG's .

Maruti Suzuki, Maruti Suzuki share price, Nifty Auto, passenger vehicle sales, PV growth, SUV demand, entry-level cars, auto stocks, Kharkhoda plant, market share gains, Goldman Sachs, Motilal Oswal, Nuvama Research, rural demand, El Nino impact, aut

India's largest carmaker raised its green vehicle sales target from 800,000-900,000 units, banking on rising crude prices and new automatic CNG variants

Press Trust of India

Maruti Suzuki India on Friday said it has reached a milestone of dispatching 1 million vehicles through in-plant railway terminals in just over three years since opening dedicated transportation lines at two manufacturing sites in Gujarat and Haryana.
Operations from in-plant railway sidings at Hansalpur (Gujarat) commenced in March 2023 and from the Manesar (Haryana) railway siding in June 2025.
In the current financial year, the automaker said that 70 per cent of its total rail-based vehicle dispatches have been through these two in-plant railway sidings, and its mid-term goal is to increase such dispatches to 35 per cent by FY31.
As of August 31 of this fiscal year, the company's rail-based vehicle dispatches have crossed 3 lakh units, it said.
An in-plant railway terminal inside a manufacturing facility allows goods to be loaded onto freight trains within the plant, eliminating the need for trucks to access the nearest railway stations before entering the supply network.
Of th

maruti

Maruti Suzuki India on Friday said it has reached a milestone of dispatching 1 million vehicles through in-plant railway terminals in just over three years since opening dedicated transportation lines

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

The finance ministry warned that the September 28-30 strike, combined with the preceding weekend, could effectively disrupt banking services for five consecutive days

Shimla: A bank remains closed as part of a nationwide strike called by the United Forum of Bank Unions (UFBU) to press for various demands, including immediate implementation of a five-day workweek, in Chennai, Friday, Sept. 11, 2026. (PTI Photo)

Deposit growth hits 15-year high as FCNR(B) mobilisation; incremental credit-deposit ratio softens to 62.6%

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High exposure to repo-linked RAM loans could help public sector banks reprice assets faster than deposits if the RBI raises rates

Bank

The finance ministry will meet chiefs of PSBs, RRBs, IBA and Nabard to review contingency plans ahead of the three-day nationwide bank strike from September 28

Finance Ministry, Ministry of Finance

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