26 articles
NSE has filed draft papers for a ₹30,000-crore IPO, entirely an offer for sale. The listing, delayed nearly a decade due to regulatory issues including the co-location case, will be one of India's largest public issues.
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Elon Musk became the world's first trillionaire after SpaceX's IPO valued the company at $2.1 trillion, driven by investor belief in future projects like Mars colonisation. This reflects a broader trend where narrative capital influences market valuations and societal priorities.
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The recent NITI Aayog governing council meeting, chaired by the Prime Minister, marked a shift toward measuring economic growth from the grassroots, with a call for district-level GDP estimates. This move aims to address regional disparities and improve policy precision by building local statistical infrastructure and fostering cooperative federalism.
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The Comptroller and Auditor General's report on state finances shows Karnataka, Madhya Pradesh, Tamil Nadu, and Punjab spent over 13.5% of their total expenditure on subsidies in 2024-25, with overall state subsidies tripling in a decade to Rs. 4.4 lakh crore. Energy and agriculture dominated subsidies, while several northeastern states spent less than 1%.
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The Kerala government’s revised budget for 2026-27, to be presented on June 19, aims to bridge a ₹20,500 crore fiscal shortfall while funding welfare schemes like free bus travel for women and development projects. The budget will also address policy recommendations on public sector reforms and infrastructure financing.
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The National Stock Exchange has filed its draft IPO document with SEBI, rekindling its listing ambitions after a decade-long regulatory delay. The offer for sale by existing shareholders could be worth up to Rs 30,000 crore, and the shares will be listed on the rival BSE.
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A Bengaluru product manager shared her monthly expenses for living alone in a 1BHK in HSR Layout, sparking online discussion. Rent and utilities top the list, with total costs around Rs 60,000.
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Subhash Chandra, Chairman of Essel Group, has sold a 3-acre bungalow on Bhagwan Das Road in Lutyens' Delhi for Rs 1,260 crore to an unnamed Delhi-based business family. The deal, expected to close by early December, represents a significant appreciation from its Rs 304 crore purchase price in 2015 and underscores the high value of prime real estate in the capital.
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MP Capt. Brijesh Chowta visited the Plastic Park in Ganjimutt and asked industrialists to make use of available plots. He reviewed infrastructure and directed officials to expedite completion. The project, delayed by legal issues, is now set for plot allocation in April 2026.
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The Reserve Bank of India has temporarily lifted interest rate ceilings on NRE and FCNR(B) deposits for three years and above tenors from June 17 to September 30, 2026, to attract capital inflows and stabilise the rupee, with banks already raising rates and Goldman Sachs estimating $30-50 billion in potential inflows.
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India's new 100% ethanol fuel standards pave the way for flex-fuel vehicles, promising lower emissions and reduced oil imports but potentially higher vehicle costs and lower mileage. Consumers must weigh long-term savings against upfront expenses.
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Retail prices of tomatoes, onions, and potatoes have climbed sharply in India over the past week, while farmers say they are receiving very low returns for their produce. The government attributes the rise to seasonal factors, but farmer organisations blame policy failures and call for intervention to support both producers and consumers.
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SEFI delegation visits RINL to push for merger with SAIL as a solution to financial crisis, reviews safety after recent accident, and pledges to address employee grievances. The visit intensifies efforts to secure the steel plant's future through consolidation and government intervention.
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India's defence production reached an all-time high of Rs 1.78 lakh crore in 2025-26, a 15.6% rise from the previous year. Public sector units accounted for 76% of output, while the private sector's share hit a record Rs 42,000 crore. The growth highlights a push towards self-reliance in defence manufacturing.
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The Karnataka government’s long-term plan for the Bengaluru Metropolitan Region aims to grow the economy to $390–$420 billion and add up to 3 million jobs by 2037 through new growth centres and major transport infrastructure.
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BMW has set a sales target of over 20,000 vehicles in India for 2026, following strong growth in the luxury segment. The company plans to launch 26 new models and double MINI sales, with local production at its Chennai plant supporting expansion.
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India Post has launched a free personalised cheque book service for savings account holders, featuring pre-printed name, account number and IFSC. The cheque book is delivered to the customer’s registered address, while the existing instant counter facility remains unchanged. The move enhances security and convenience.
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A 38% rainfall deficiency in Idukki, driven by a weak monsoon and El Niño, is threatening cardamom production. Farmers report poor capsule setting, and experts warn of a potential yield drop. The next few weeks are critical for the upcoming harvest.
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The AITUC district committee in Erode has petitioned the collector to urgently fix and notify minimum wages for 2026-27, citing delays that affect thousands of workers. The union demands wages reflect rising living costs, a uniform structure, and action against non-compliant departments.
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The Pradhan Mantri Viksit Bharat Rozgar Yojana will be launched on June 19, with Prime Minister Modi disbursing ₹2,400 crore in incentives. The scheme offers up to ₹15,000 for first-time employees and up to ₹3,000 per month for employers creating additional jobs.
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A Tamil Nadu government white paper has revealed a monthly cash shortfall of Rs 2,500 crore in the state's power distribution company, TNPDCL. Despite increasing state subsidies, the utility faces additional financial pressure from a Supreme Court ruling requiring the recovery of Rs 59,000 crore in regulatory assets by 2031. The report calls for comprehensive reforms to address the structural imbalance.
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Senior executives from HD KSOE met Tamil Nadu Chief Minister to discuss a ₹38,000-crore shipyard project in Thoothukudi that could generate 15,000 jobs. Separately, a pact was inked with IN-SPACe for a space vehicle facility near the upcoming Kulasekarapattinam spaceport, with IN-SPACe providing ₹100 crore in equipment and the state offering land.
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India now ranks among the top three global destinations for AI and STEM talent, holding 6% and 7% of mobile professionals respectively, per a BCG report. The country recorded the largest yearly gain in AI talent share in 2025, even as overall skilled migration experienced a sharp decline.
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The Kerala government has tabled a white paper recommending an overhaul of loss-making public sector enterprises, including the possible merger of Bevco and Supplyco and reforms of major utilities like KSEB and KSRTC. The report highlights that accumulated PSE losses have doubled to over ₹72,800 crore in four years and proposes shifting subsidies from production to consumption to ease fiscal strain. It also suggests that non-strategic units may be considered for disinvestment or closure, with safeguards for employees.
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A state government white paper reveals that Tamil Nadu's declining tax-to-GSDP ratio is leading to increased borrowing, diminished fiscal autonomy, and mounting debt burden on future generations. It calls for systemic reforms to enhance revenue without burdening citizens.
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Reliance Jio Infocomm is poised to file IPO papers with SEBI shortly, potentially raising $4 billion in one of India’s largest public offerings. The move aligns with earlier guidance from Chairman Mukesh Ambani, who had targeted a first-half 2026 listing for the telecom giant.
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