India’s premium whisky market has witnessed a significant milestone as Indri-Trini, India’s triple cask single malt whisky, has emerged as the top-selling single malt in the country, crossing 20 lakh (2 million) sales. This achievement positions Indri as a dominant player in the rapidly expanding Indian luxury spirits segment, reflecting both the rising demand for…
India’s largest private sector lender, HDFC Bank, witnessed a sharp movement in trading on Wednesday as its shares dipped nearly 2% after around 1.56 million shares changed hands in a block deal. The market reaction followed the bonus share adjustment, which impacted investor sentiment and trading activity. This development comes at a time when the…
In a landmark achievement, the Adani Group has announced that its consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) has crossed ₹90,000 crore for the first time, marking a significant milestone in India’s corporate history. The achievement reflects the diversified conglomerate’s robust performance across sectors including energy, ports, airports, infrastructure, logistics, cement, and renewable…
In a landmark divestment move, Rakesh Gangwal, co-founder of India’s largest airline IndiGo, is set to offload a 3.1% stake in InterGlobe Aviation Ltd. through block deals worth approximately ₹7,028 crore ($801 million). The sale will bring Gangwal’s holding down to 4.71%, marking a significant milestone in his phased exit from the airline he co-founded…
Tata Capital Ltd., the financial services arm of the Tata Group, is ramping up its retail and SME lending operations ahead of its highly anticipated initial public offering (IPO), expected to be one of the largest in India’s financial services sector. With a proposed issue size of ₹17,200 crore, the company is positioning itself as…
In a strategic move that signals renewed investor confidence in India’s financial services sector, Sunil Singhania-led Abakkus Asset Manager Private Ltd. has acquired equity shares worth ₹64 crore in Edelweiss Financial Services Ltd. through a block deal executed on August 26, 2025. The transaction involved the purchase of 64.3 lakh shares at ₹100 apiece, representing…
Tata Steel Ltd., one of India’s largest and most diversified steel producers, has acquired equity shares worth ₹3,104.03 crore in its Singapore-based wholly owned subsidiary, T Steel Holdings Pte. Ltd. (TSHP), marking a significant step in its global capital deployment strategy. The transaction, completed on August 26, 2025, involved the subscription of 353.23 crore equity…
In a sweeping portfolio realignment, BNP Paribas Financial Markets has offloaded stakes worth ₹3,416 crore across a clutch of high-growth Indian companies including Zomato parent Eternal Ltd., Swiggy Ltd., Waaree Energies Ltd., Vishal Mega Mart Ltd., and Hitachi Energy India. The bulk deals, executed on August 26, 2025, reflect the French financial giant’s evolving investment…
India’s leather industry, valued at over $4.1 billion annually, is undergoing a strategic shift as exporters grapple with a steep 50% tariff imposed by the United States on leather and footwear imports. With nearly 20% of India’s leather exports previously destined for the US, the sudden escalation in duties has triggered urgent efforts to diversify…
Global financial services firm Nomura has revised India’s GDP growth forecast for FY26 down to 6%, citing the adverse impact of the United States’ 50% tariff on Indian exports. The downgrade comes amid rising concerns over the vulnerability of key sectors such as textiles, gems and jewellery, and micro, small and medium enterprises (MSMEs), which…
