India is poised to become a global manufacturing powerhouse, with projections indicating an annual contribution of $500 billion to the global economy from its manufacturing sector by 2030, according to Union Minister Pralhad Joshi. Speaking at the inauguration of the 7th India Manufacturing Show (IMS) 2025 in Bengaluru, Joshi emphasized that the current decade marks…
Global brewing powerhouse Carlsberg A/S has officially appointed Citi and JPMorgan as financial advisors for its upcoming India Initial Public Offering (IPO), according to sources familiar with the matter. The Denmark-headquartered company, which entered the Indian market in 2007, is now preparing to list its Indian arm on domestic stock exchanges, marking a significant milestone…
Union Finance Minister Nirmala Sitharaman has reiterated the government’s commitment to building world-class banks in India, stating that the country needs large, dynamic financial institutions to support its expanding economy. Speaking at the 12th SBI Banking and Economics Conclave in Mumbai on November 6, 2025, Sitharaman emphasized that discussions are actively underway with the Reserve…
Grasim Industries Ltd., a flagship company of the Aditya Birla Group, continues to attract bullish sentiment from top brokerages even amid leadership changes in its paints division. Citi has raised its price target on Grasim from ₹3,400 to ₹3,450, maintaining a ‘buy’ rating despite the sudden resignation of Rakshit Hargave, CEO of Birla Opus, just…
In a major policy signal that could reshape India’s corporate financing landscape, State Bank of India (SBI) Chairman CS Setty has announced the bank’s willingness to collaborate with foreign banks for acquisition financing, following the Reserve Bank of India’s recent move to allow domestic banks to fund corporate acquisitions. This marks a strategic shift for…
In a development that has reignited public scrutiny over financial fraud accountability, Mumbai’s Special SEBI Court has granted permission to former stockbroker Ketan Parekh to travel abroad, provided he deposits ₹27.06 crore with the Securities and Exchange Board of India (SEBI). Parekh, a key accused in the infamous 2000–2001 securities scam, had previously been barred…
As wealth-tech platform Groww made its public market debut, the moment triggered more than just investor enthusiasm—it ignited a spirited debate among India’s top startup voices on the sustainability of growth models, profitability, and the role of IPOs in the startup ecosystem. The conversation was led by Zerodha CEO Nithin Kamath, Ixigo chairman Aloke Bajpai,…
In a significant financial disclosure, State Bank of India (SBI) Chairman CS Setty confirmed that the bank has earned a pre-tax internal rate of return (IRR) of approximately 14% from its strategic investment in Yes Bank. The announcement comes as SBI completed a partial stake sale in the private sector lender, marking a successful culmination…
In a major policy push to strengthen India’s industrial base, the Union Ministry of Steel has launched the third round of the Production Linked Incentive (PLI) scheme for speciality steel, aiming to attract fresh investments worth ₹44,000 crore. The initiative, titled PLI 1.2, was unveiled by Union Steel Minister H D Kumaraswamy on November 4,…
In a sweeping enforcement move, the Enforcement Directorate (ED) has provisionally attached 132 acres of land at Dhirubhai Ambani Knowledge City (DAKC) in Navi Mumbai, valued at ₹4,462.81 crore, as part of its ongoing investigation into alleged bank frauds involving Anil Ambani’s Reliance Communications Ltd (RCom) and other group entities. The action, executed under the…
