Business Insights
Global brokerage firm Jefferies has exited its position in HDFC Bank after the resignation of former chairman Atanu Chakraborty, signaling a cautious stance toward India’s financial sector. The move, which also involved trimming its overall India weightage, has sparked discussions about investor confidence, governance concerns, and the broader outlook for Indian equities. Background of the…
Engineering giant Larsen & Toubro (L&T) has secured a major order valued at up to ₹2,500 crore, reinforcing its position as one of India’s leading infrastructure and technology companies. However, despite the positive announcement, L&T’s stock witnessed a decline, largely attributed to investor concerns over escalating tensions in West Asia. Background of the Order The…
JSW Steel, one of India’s largest steel producers, has announced that its subsidiary has successfully completed the acquisition of a 92% stake in Minas de Revuboe (MdR), a coal mining company based in Mozambique, for $74.24 million. This strategic move strengthens JSW Steel’s raw material security and enhances its global footprint in the metallurgical coal…
The financial sector in India has been rocked by the HDFC Bank bond mis-selling controversy, with senior executive Sampath Kumar announcing his decision to appeal against his termination. This case has drawn widespread attention, not only because of the allegations of mis-selling but also due to the implications it carries for corporate governance, investor protection,…
In a major strategic update, Rajeev Jain, Vice Chairman and Managing Director of Bajaj Finance, has announced that the company’s payments business is expected to breakeven by FY29. This projection underscores Bajaj Finance’s long-term vision to expand beyond lending into digital payments, positioning itself as a formidable player in India’s rapidly evolving fintech ecosystem. Key…
India’s sugar industry is witnessing a surge in export activity as mills rush to finalize deals, driven by a record-low rupee and rising global sugar prices. The combination of favorable currency exchange rates and strong international demand has created a golden opportunity for Indian exporters, who are keen to capitalize before market conditions shift. Why…
In a dramatic twist to India’s corporate battle for distressed assets, Anil Agarwal’s Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT) challenging Adani Group’s bid for the Jaypee Group’s flagship firm, Jaiprakash Associates Limited (JAL). This move intensifies the competition between two of India’s largest conglomerates, each vying for control of strategic…
ArcelorMittal Nippon Steel India (AM/NS India), a joint venture between global steel giants ArcelorMittal and Nippon Steel, is set to begin construction of its ambitious ₹70,000 crore steel plant in Andhra Pradesh next week. This mega project, located in Kadapa district, is expected to transform India’s steel industry and boost regional economic development. Project Overview…
Atanu Chakraborty, a retired Indian Administrative Service (IAS) officer of the 1985 Gujarat cadre, has become the center of attention in India’s financial markets after his sudden resignation from HDFC Bank as part-time Chairman and Independent Director. His exit on March 18, 2026, triggered a massive sell-off in HDFC Bank shares, erasing more than ₹61,000…
India’s leading edtech unicorn PhysicsWallah (PW) has received an income tax demand notice of ₹263 crore, sparking intense debate in the startup ecosystem. The notice comes at a time when the company is expanding aggressively across online and offline education platforms, raising questions about compliance, taxation, and governance in India’s booming edtech sector. Context of…
