The Maharashtra Government has officially taken possession of the iconic Air India Building at Nariman Point, Mumbai, after acquiring the property from Air India Assets Holding Limited for ₹1,601 crore. The transfer agreement was signed in the presence of Devendra Fadnavis and senior government officials, bringing to completion…
India's digital payments ecosystem has taken another significant step globally, with NPCI International Payments Limited enabling UPI acceptance in Cambodia through a partnership with ACLEDA Bank Plc.. The initiative uses Cambodia's national QR payment system, KHQR, and marks the first phase of a broader India-Cambodia cross-border payments linkage.…
Despite the sharp correction in the IT sector on June 3, 2026, institutional investors continued to show confidence in several technology companies during the March 2026 quarter. The latest shareholding data reveals that both Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) increased their ownership by more…
The Indian IT sector witnessed a sharp correction on June 3, 2026, with the Nifty IT index falling around 3.5% after gaining nearly 8% over the previous three trading sessions. The decline appears to be driven largely by profit booking following the recent AI-led rally that had pushed…
Advait Energy Transitions Limited witnessed investor attention after its subsidiary signed a long-term Battery Energy Storage Purchase Agreement (BESPA) with Gujarat Urja Vikas Nigam Limited for a large-scale standalone battery energy storage project in Gujarat. Project Details The agreement has been signed by Advait BESS Bhesaan Private Limited…
India will introduce a major upgrade to its inflation and price-tracking framework on June 15, 2026, with the launch of the Producer Price Index (PPI) alongside a revised Wholesale Price Index (WPI) based on the 2022-23 base year. This marks one of the most significant changes to India's…
Canara Bank has approved a capital raising programme of up to ₹8,500 crore for FY2026-27 through Basel III-compliant debt instruments. The move is aimed at strengthening the bank's capital adequacy position and supporting future credit growth. Key Highlights ₹8,500 Crore Fundraising Approved The Board of Directors approved the…
Indian Overseas Bank (IOB) has received regulatory approval from the International Financial Services Centres Authority to establish an IFSC Banking Unit (IBU) at GIFT City, marking an important step in the bank's international expansion strategy. Key Highlights IFSCA Approval Granted IOB received the licence through an IFSCA communication…
India's international financial hub, GIFT City, witnessed strong growth in investor participation during the January–March 2026 quarter, with retail investors emerging as the biggest contributor to the expansion of the fund management ecosystem. Retail Investors Lead Growth The most notable trend during Q4 FY26 was the rapid rise…
Key Highlights The Maharashtra government has approved the Punyashlok Ahilyadevi Holkar Shetkari Karja-mukti Yojana, introducing a comprehensive farm debt relief package that combines loan waivers, one-time settlement (OTS) benefits, and repayment incentives. With this announcement, Maharashtra joins the ranks of states such as Tamil Nadu and Telangana that…
