Tata Steel is acquiring Martrade’s stake in their joint shipping venture for Rs 335 crore. This move ends a twenty-five-year partnership with the German logistics group. The company also committed Rs 33,873 crore for capacity expansion at Neelachal Ispat Nigam. This expansion will bolster its long products portfolio and branded retail offerings. Tata Steel reported
Zepto is seeking Rs 1,000 crore in pre-IPO funding, delaying its public listing plans. The quick commerce startup is targeting a valuation of $4-4.5 billion for this investment round. This valuation is over 30% lower than its previous $7 billion valuation. Zepto aims to close this funding round within a couple of weeks. The company
The National Stock Exchange has settled past regulatory lapses with Sebi for Rs 1,491 crore. This settlement resolves issues related to co-location and dark-fibre cases involving former officials. Sebi has accepted revised settlement terms, demanding an additional payment from the exchange. The NSE had previously proposed settling these cases for a combined amount. This development
Amazon and Flipkart are reducing seller fees to attract more businesses. This strategy aims to boost sales volumes in smaller Indian cities and towns. Lower costs for sellers translate into more affordable products for consumers. The e-commerce giants are focusing on onboarding local sellers from tier two cities. This move is crucial for their continued
Salil Parekh led Infosys to double revenue and secure significant large deals. He focused on disciplined execution and a stable company culture. Infosys sees AI services as a substantial long-term growth opportunity. The company’s strong client relationships provide a natural advantage. Internal leaders were chosen for the next CEO role due to their extensive experience.
Formal retail credit penetration in India more than doubled over the past decade. Consumption-led lending, including personal loans, drove this significant growth. Credit access expanded to younger borrowers and women across India. Northern and central states saw increased credit activity, while western and southern regions moderated. This shift reflects credit being used for lifestyle rather
Following the Houthi attacks on several Saudi tankers, Indian refiners have increasingly opted to purchase Middle Eastern crude on a delivered basis.
US economic growth slowed to 1.5% in the second quarter, impacted by a significant rise in imports. Strong consumer spending and business investment provided crucial support for the economy during this period. Inflation continued to ease in June, though it remained above the Federal Reserve’s target rate. The labor market showed improvement this year, boosting
Economic data released on Thursday showed the US economy expanded more slowly than economists had expected during the spring. Inflation remained above the Federal Reserve’s target in the latest month, although it came in slightly below market expectations.
IndiGo, which held a 66.3% share of the domestic aviation market in June, came under the regulator’s scanner after operational disruptions in December 2025 led to the cancellation of 2,507 flights over three days.
