Business Insights
Paradeep Phosphates Ltd (PPL), one of India’s leading fertiliser manufacturers, has announced a bold ₹1,500 crore expansion strategy aimed at doubling its market share in the phosphatic fertiliser segment by FY26. The Bhubaneswar-headquartered company, which reported a turnover of nearly ₹14,000 crore in FY25, plans to scale its production capacity from 2.6 million tonnes to…
India’s manufacturing landscape is witnessing a massive transformation, with global giants increasing their investments and expanding production capabilities. One of the latest developments came from Samsung, which has broadened its production portfolio in India, reaffirming its commitment to the government’s “Make in India” and “Atmanirbhar Bharat” initiatives. Union Minister for Electronics and Information Technology, Ashwini…
In a significant move that could impact lakhs of borrowers, State Bank of India (SBI), Bank of Baroda (BoB), and Indian Overseas Bank (IOB) have announced a reduction in their Marginal Cost of Funds-based Lending Rate (MCLR) across select tenures. The revision in lending rates is expected to make home loans, car loans, and personal…
Shares of National Securities Depository Limited (NSDL) fell sharply for the second consecutive session, as investors reacted to the company’s first quarterly earnings post listing. The stock plunged nearly 18% intraday on August 13, extending the previous day’s sell-off triggered by weaker-than-expected Q1 FY26 results. The correction comes after the stock’s remarkable 62% rally since…
In a major move to expand its financial services portfolio, Niyo, India’s leading consumer neo-banking platform, has announced the acquisition of Kanji Forex, one of the country’s reputed foreign exchange service providers. Alongside this acquisition, Niyo has appointed Amit Talwar, a seasoned banking professional from IndusInd Bank, as the new Chief Executive Officer (CEO) of…
In a development that has created a buzz in the corporate and entertainment circles alike, Upasana Kamineni Konidela, noted entrepreneur and philanthropist, is set to inherit the sprawling Rs 77,000 crore business empire of the Kamineni family. Known for her leadership role in the Apollo Hospitals Group and her high-profile marriage to Tollywood superstar Ram…
In a major boost to India’s industrial recovery efforts, the National Company Law Tribunal (NCLT) has approved INSCO’s ₹2,250 crore revival plan for Hindustan National Glass & Industries Ltd. (HNG), the country’s largest container glass manufacturer. The green light marks a significant milestone in reviving the debt-ridden company and safeguarding thousands of jobs across its…
In a significant development in India’s corporate landscape, the Mistry family has expressed its support for Noel Tata joining the board of Tata Sons, the principal holding company of the Tata Group. This move, if formalized, could mark an important step towards easing past tensions between the two influential families and ensuring smoother governance at…
In a significant regulatory development, the Securities and Exchange Board of India (Sebi) has rejected industrialist Anil Ambani’s settlement application relating to alleged violations in connection with investments in Yes Bank bonds. Official documents indicate that the settlement plea, which was aimed at resolving the matter without prolonged litigation, did not meet the regulator’s criteria…
In a significant leadership move, SMFG India Credit (formerly Fullerton India Credit Company Limited) has announced the appointment of Ravi Narayanan as its new Chief Executive Officer (CEO). Narayanan, a seasoned banking professional with over three decades of experience in retail and commercial banking, will lead the company’s next phase of growth, focusing on strengthening…
