Business

India’s coal sector has achieved a major milestone with captive and commercial coal blocks recording a combined production of 15.57 million tonnes (MT) in June 2025, reflecting the Centre’s continued push for coal sector reforms, import substitution, and energy security. This performance marks a substantial growth over last year, driven by enhanced operational efficiencies and…

In a major development reflecting changing global steel trade dynamics, India’s finished steel imports witnessed a steep 27.6% year-on-year decline to 0.89 million tonnes (MT) during April-May FY26, according to provisional data released by the Ministry of Steel. This marks a significant reduction from 1.23 MT imported during the same period last fiscal year, driven…

Tata Motors, one of India’s largest automobile manufacturers, has reported an 8.47% year-on-year decline in total sales for Q1 FY26, reflecting challenges across its commercial vehicle (CV) and passenger vehicle (PV) businesses amid slowing domestic demand and supply chain disruptions in certain segments. The company sold 2,10,415 units in the April-June 2025 quarter, down from…

In a significant regulatory development, the Competition Commission of India (CCI) has ordered an investigation against Asian Paints Ltd, the country’s largest paints manufacturer, for alleged abuse of its dominant market position to stifle competition and restrict dealer choices, raising major concerns over fair practices in India’s booming decorative paints sector. The antitrust body issued…

India’s largest lender, State Bank of India (SBI), has achieved a historic milestone as its balance sheet size has surpassed the Gross Domestic Product (GDP) of nearly 175 countries, highlighting its dominance in Asia’s third-largest economy and the growing global relevance of Indian financial institutions. According to SBI’s FY25 annual report, the bank’s balance sheet…

In a strategic move to strengthen its financial base and consolidate its position as a major real estate developer, Raymond Realty, the real estate arm of Raymond Group, is set to make its stock market debut, marking a new chapter for the textile-to-realty conglomerate. The company plans to capitalise on its robust pipeline of upcoming…

India is taking significant strides to expand its semiconductor ambitions beyond merely setting up fabrication plants (fabs). The government is now shifting focus towards advanced packaging, research in two-dimensional (2D) materials, and strategic “leapfrog” technologies to strengthen its competitiveness in global chip design and manufacturing. From Fabs to a Complete Ecosystem Under the ₹76,000 crore…

A viral LinkedIn post by startup investor Rahul Mathur has reignited debate over India’s widening wealth gap, claiming that just 0.03% of Indian households—roughly one lakh elite families—account for nearly 40% of all discretionary spending in the country. Mathur’s remarks, based on a brokerage report on luxury consumption, offer a raw and data-backed take on…