India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
New Delhi: In a move to bolster its funding capacity, IREDA is tapping overseas debt markets, securing long-term financing to support its renewable energy financing operations and future growth plans. IREDA has entered into a facility agreement with Sumitomo Mitsui Banking Corporation, Singapore Branch, to raise External Commercial Borrowings amounting to JPY 28 billion. The funding includes a Green Shoe Option of JPY 12 billion, giving the company flexibility to scale borrowing based on requirements. The borrowing is structured as a five-year long-term loan and will be unsecured in nature. The agreement was executed on March 30, 2026, with SMBC acting as the mandated lead arranger and bookrunner. The loan amount has been agreed upon, although it is yet to be drawn down. The primary objective of the agreement is to raise funds for IREDA's lending activities in the renewable energy sector. By securing foreign currency funding, the company is positioning itself to expand financing capabilities and support increasing demand for clean energy projects. The transaction does not involve any related party arrangements and carries no shareholding implications between the entities. As outlined in the filing, there are no securities attached to the loan, reinforcing its unsecured structure. With this agreement, IREDA strengthens its access to global capital markets, aligning its funding strategy with the growing scale and ambition of India's renewable energy sector.
India Ratings and Research (Ind-Ra) expects credit growth to improve marginally in FY26 to 13-13.5 per cent, up from FY25 levels. However, the composition of loans is likely to shift, with a continued slowdown in lending to non-banking financial companies (NBFCs) and the retail segment. This decline is expected to be offset by a revival in private capital expenditure (capex), which would support growth in the corporate segment, the rating agency said. "A sustained improvement in system liquidity, coupled with reductions in the repo rate and cash reserve ratio (CRR), is expected to support nea ...Read More >
Governance firm InGovern Research has called for investor safeguards, citing market volatility triggered by offshore short-seller reports. This follows Viceroy Research's 9 July report alleging governance issues at Vedanta, which caused an intraday stock plunge of nearly 8 per cent. While acknowledging short-selling as a legitimate, regulated activity that aids market liquidity and price discovery, InGovern emphasised that such reports often serve the financial interests of their authors. "Crit ...Read More >
Mumbai, Jun 27 (PTI) India's external debt increased by 10 per cent to USD 736.3 billion at the end of March 2025 compared to USD 668.8 billion in the year-ago period, the Reserve Bank said on Friday. As a percentage of the GDP, the external debt increased to 19.1 per cent at the end of the recently concluded financial year from 18.5 per cent a year ago, it added. In a year which saw some volatilities in the currency markets, the RBI said the "valuation effect" due to the appreciation of the US dollar against the rupee and other currencies amounted to USD 5.3 billion, while if one were to ex ...Read More >
NEW DELHI: Signalling the government's intent to move ahead with the impeachment motion of Allahabad High Court judge Justice Yashwant Varma, Union Minister Kiren Rijiju on Thursday said that main opposition parties have given their in-principle approval to support the motion in the upcoming monsoon session scheduled for July21-August 21. Rijiju said that the government is yet to decide whether the motion would be brought in the Lok Sabha or the Rajya Sabha. For the Lok Sabha, signatures of a minimum 100 MPs is required. The requirement is the support of at least 50 MPs in the Rajya Sabha. H ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including advanced markets in Japan and Europe, which is aligned with India's vision of becoming a global aut ...Read More >
The long-term debt (with original maturity of above one year) at end-March 2025 was placed at $601.9 billion, an increase of $60.6 billion over its level at end-March 2024. India's external debt rose to $736.3 billion, or 19.1 per cent of gross domestic product (GDP), at the end of March 2025 from $668.8 billion, or 18.5 per cent of GDP, a year ago. In a statement, the Reserve Bank of India (RBI) said the valuation effect due to the appreciation of the US dollar vis-à-vis the Indian rupee and other currencies amounted to $5.3 billion. Excluding the valuation effect, external debt would have ...Read More >
New Delhi: Traffic in central Delhi will be affected on Thursday as the traffic police has issued an advisory due to the Janmashtami and Tazia processions.According to police, the traffic movement in Paharganj is likely to be affected from 1.30pm in view of the shobha yatra for Janmashtami and the Tazia procession.The Janmashtami procession will start from Mandir Shri Banke Bihari Ji in Paharganj's Sangatrasan Bazar and pass through Desh Bandhu Gupta Road, Chuna Mandi, Main Bazar, Munja Chowk and Arakashan Road. The Tazia procession will start from Ajmeri Gate and proceed through Pul Paharganj ...Read More >
Indian Renewable Energy Development Agency (IREDA) has entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise an external commercial borrowing (ECB) amounting to ¥28 billion (~$175.37 million), including a greenshoe option of ¥12 billion (~$75.16 million), to strengthen its funding base and expand lending capacity. The proceeds from the facility will be utilized to support sustainable financing initiatives, in line with the company's focus on renewable energy and green projects. The facility is structured as a five-year unsecured loan with a bullet repayme ...Read More >
Ahmedabad: Adani Green is expanding its global partnerships footprint, teaming up with a UAE-backed player to accelerate renewable energy development in India's fast-growing clean power market. Adani Green Energy Limited confirmed that its subsidiary, Adani Renewable Energy Middle East Ltd, has signed a joint venture agreement with Minerva Holding RSC Ltd. The agreement, executed late on April 8, 2026, sets up a new entity, Minerva Renewables Holding RSC Limited, to focus on renewable energy projects in India. The subsidiary plans to invest for up to 20 percent equity stake in the joint vent ...Read More >
VMPL New Delhi [India], August 14: Ellenox, India's largest venture studio, is accelerating its global push in enterprise AI development. In the past year, the company has grown its headcount by 50% over the last year, bringing in senior AI talent from Amazon and Google to power its next phase of expansion. Already delivering AI transformation for Fortune 50 leaders in fintech, cloud computing, consumer social, and sports-tech, Ellenox has built systems that replace costly call centers with natural-voice AI agents and deployed end-to-end social media pipelines capable of scaling global brand ...Read More >
MUMBAI - India's regulator has restrained Jane Street Group from accessing the local securities market, dealing a severe hit to the US trading firm that generated more than US$2.3 billion (S$2.9 billion) in net revenue from equity derivatives in the South Asian nation in 2024. The Securities and Exchange Board of India (SEBI) said it would seize 48.4 billion rupees (S$722 million) from Jane Street, which it claimed is the total amount of unlawful gains made by the fund, according to the order. SEBI said that Jane Street Group entities "are restrained from accessing the securities market and ...Read More >
New Delhi [India], September 30 (ANI): India's external debt stood at USD 747.2 billion at the end of June 2025, marking an increase of USD 11.2 billion over the level recorded at end-March 2025, according to data released by the Reserve Bank of India (RBI) on Tuesday. The data shows that the external debt to GDP ratio moderated slightly to 18.9 per cent at end-June 2025 from 19.1 per cent at end-March 2025. Also Read | School Assembly News Headlines Today, 1 October 2025: Check and Read Important National, International, Sports, Entertainment and Business Stories During Daily Assembly. The ...Read More >
Chennai, Aug 28 (SocialNews.XYZ) Tamil Nadu has once again emerged as the country's leader in industrial employment, with Chief Minister M.K. Stalin attributing the achievement to the policies of the Dravidian model government. Citing the Union government's Annual Survey of Industries 2023-24, CM Stalin said the recognition from New Delhi is itself the strongest rebuttal to critics, who have been "targeting" the state government on the industrial and economic fronts. In a post on 'X', the Chief Minister said, "This survey result is the irrefutable answer given by the BJP government itself to ...Read More >
New Delhi, July 15 (SocialNews.XYZ) India's passenger vehicle sales crossed the one million mark in the April-June quarter (Q1) of 2025-26 with exports registering a double-digit growth, according to data released by the Society of Indian Automobile Manufacturers (SIAM) on Tuesday. "Passenger Vehicles, comprising utility vehicles and cars, saw their highest ever exports in Q1 of 2025-26 of 2.04 Lakh units, registering a growth of 13.2 per cent over Q1 of 2024-25," according to the SIAM statement. Export growth in this segment was driven by stable demand across most markets, with strong perfo ...Read More >
Mumbai (Maharashtra) [India], July 20 (ANI): Participants in the Indian stock markets will closely monitor ongoing tariff-related discussions, high-frequency indicators from both the US and India, two consecutive declines in foreign exchange reserves, and the earnings of companies. According to market analysts, the first trading day of the market will be crucial, as investors will react to the first-quarter results of heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank. Going ahead, Monday trading session will be crucial for the index as heavyweights like Reliance Industries, ...Read More >
Indian Renewable Energy Development Agency (IREDA) share price jumped over 5% to ₹114.89 apiece in Wednesday's trading session after the company reported strong Q4 business update. The company's outstanding loan book reached ₹93,075 crore at the end of the year, marking a 22% increase from ₹76,282 crore reported in the fourth quarter of the prior year. On March 30, IREDA announced that it had entered into a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to secure external commercial borrowings (ECBs) of ¥28 billion. The facility, structured through SMBC's Singapore branc ...Read More >
VMPL Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled 'Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region' at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers who discussed the roadmap to achieve 100% RE for Corporates & Industrial consumers in South India. Delivering the inaugural address, Shri G ...Read More >
In accordance with the authorizations given by the shareholders' general meeting on May 24, 2024, to trade on its shares and pursuant to applicable law on share repurchase, TotalEnergies (EPA:TTEF) SE (Paris:TTE) (LSE:TTE) (NYSE:TTE) (LEI: 529900S21EQ1BO4ESM68) declares the following purchases of its own shares (FR0000120271) from November 11 to November 15, 2024: Transaction details In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation) a full breakdown of the individual trades are disclosed on the TotalEnergies website: https://totalenergies.com/inv ...Read More >
New Delhi, Aug 25 (SocialNews.XYZ) India and Japan on Monday reaffirmed their commitment to energy security and inclusive growth and welcomed progress made in areas like energy efficiency, clean hydrogen, ammonia and renewable energy. At the energy dialogue, co-chaired by India's Minister of Power Manohar Lal and Japan's Minister of Economy, Trade and Industry Muto Yoji, held through video conferencing, the two countries agreed to expand cooperation on carbon capture, utilisation, and storage, green chemicals, biofuels, and advanced technologies in the energy sector. The Ministers also empha ...Read More >
Chennai/New Delhi, June 27 (UNI) The CBI conducted nation-wide raids at 42 locations in five states and arrested nine people in connection with Mule Bank Accounts being used in Cyber frauds. In continuation of its on-going efforts to combat Cyber Crime and Digital Arrest Scams, the CBI acting on specific information and after verification launched coordinated searches at 42 locations across five States--Rajasthan, Delhi, Haryana, Uttarakhand and Uttar Pradesh--as part of the Operation Chakra-V to deal with the menace of mule bank accounts. The mule bank accounts were being opened by organ ...Read More >
KOLKATA: India's external debt rose by 1.5%, or $11.2 billion, in the first quarter to $747.2 billion in this fiscal year, central bank data showed. More than 93% of the debt is covered by the country's foreign-exchange stockpile. On a year-on-year basis, external debt increased by 9.6%, from $681.5 billion in the year-ago period. The external debt to GDP ratio, however, moderated to 18.9% from 19.1% three months ago. The ratio of India's international assets to international liabilities also improved to 79.25% in June 2025 from 77.6% a quarter ago. The rise in the country's outstanding lia ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regulatory approvals, will see Emirates NBD acquiring more stake through a mandatory open offer to the res ...Read More >
Ambikapur (Chhattisgarh) [India], April 4 (ANI): The saying 'talent needs no introduction' found a fitting example at the Khelo India Tribal Games 2026, where wrestlers from Karnataka's Siddi community have made a powerful statement on the mat. Their success is no longer just about medals--it reflects the emergence of an entire community as a force in wrestling. Of African descent, there are about 50,000 Siddis in India, of which one-third live in Karnataka. Out of the nine wrestlers representing Karnataka at KITG 2026, four belonged to the Siddi community. Three of them clinched gold while ...Read More >
Thane, Aug 14 (PTI) A fire broke out at a cafe located in a multi-storey residential building in Maharashtra's Thane city early Thursday morning, following which 35 persons were evacuated from the structure, officials said. No casualty has been reported as of now, Thane Municipal Corporation's disaster management cell chief Yasin Tadvi said. The blaze erupted in the Parsik Cafe located on the ground floor of the six-storey building at Kharegaon in Kalwa (West), he said. The disaster management cell received information about the incident at 4.58 am from the owner of the cafe, a 1,000 sq ft ...Read More >
Mumbai: The USA's shift toward de-globalisation may ironically lead to a new avatar of globalisation that is multi-polar, regional, and driven by domestic imperatives for which India is well-positioned to emerge as one of the new centres of gravity, industrialist Anand Mahindra has said. In his address to shareholders in the Mahindra & Mahindra (M&M) Annual Report for 2024-25, Anand Mahindra, said globalisation is evolving and the US market centrality and China-centric supply chains are being replaced by multi-polar, regional collaborations. As structural and political uncertainties ...Read More >
Indian Renewable Energy Development Agency Limited (IREDA) on March 30 said it has signed a facility agreement with Sumitomo Mitsui Banking Corporation (SMBC) to raise external commercial borrowings (ECBs) worth ¥28 billion (JPY). The facility, arranged through SMBC's Singapore branch acting as mandated lead arranger and bookrunner, includes a greenshoe option of ¥12 billion. The borrowing is structured as a five-year unsecured loan, aimed at strengthening IREDA's funding base to support its r ...Read More >