JSW Group has secured ₹9,300 crore to acquire Akzo Nobel India. The funding includes debt and convertibles. Foreign lenders and domestic mutual funds are participating. JSW Paints will raise operating company debt. Convertibles are at the JSW Group level. Sajjan…
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The Reserve Bank of India has paused its gold purchases in FY26, anticipating a price decline due to easing geopolitical tensions and potential US Federal Reserve rate cuts. Despite a global trend among central banks to increase gold reserves, driven…
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EASE reforms have significantly bolstered public sector banks, enabling them to contribute to India’s Viksit Bharat vision through enhanced MSME outreach and improved credit access. PSBs are also embracing GenAI, strengthening data governance, and adopting cloud technologies for operational efficiency.…
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India’s cement industry is set for robust growth in FY2026, with volumes expected to rise by 6-7%, reaching 480-485 million metric tonnes, driven by housing and infrastructure demand. Capacity additions are projected to increase significantly.
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India Inc has shown remarkable financial strength over the last five years, with corporate profits growing nearly three times faster than the country’s GDP between FY20 and FY25, a new report said on Thursday.
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CII projects a robust Indian economy, forecasting 6.4-6.7% growth in FY26 driven by domestic demand amid global uncertainties. The industry body advocates for GST rationalization, a three-tier import tariff structure, and a joint skills acceleration fund. They also suggest state…
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