India

India’s equity markets witnessed a sharp correction as top companies collectively lost ₹2.99 lakh crore in market capitalization. Information technology giant TCS bore the brunt, alongside other major corporates, reflecting investor caution amid global economic uncertainties, interest rate concerns, and sector-specific pressures. Analysts attribute the sell-off to a mix of profit booking, macroeconomic volatility, and concerns over IT export demand. The decline underscores market sensitivity to global cues and domestic earnings performance.

TKIL Industries, a global energy solutions provider, has announced plans to set up a green hydrogen production facility in India. The initiative aligns with the company’s commitment to sustainable energy and India’s ambitious renewable energy targets. The plant will leverage renewable electricity to produce hydrogen through electrolysis, offering a clean alternative to fossil fuels for industrial and transportation sectors. TKIL’s project is poised to accelerate India’s green hydrogen adoption, reduce carbon emissions, and support energy transition goals.

Alcobrew Distilleries, an emerging player in India’s alcoholic beverages sector, has filed draft papers to raise ₹258 crore through an initial public offering (IPO). The capital will be utilized to expand production capacity, modernize manufacturing facilities, and reduce existing debt. With growing demand for premium spirits and craft beverages in domestic and international markets, Alcobrew aims to leverage this IPO to strengthen its market presence and fuel strategic growth.

India’s energy sector has taken another step toward consumer empowerment with the rollout of LPG portability, a system that enables households to switch their cooking gas supplier without losing their existing connection. The reform brings greater flexibility and competition into the market, breaking the decades-old model where customers were tied to a single distributor.

The Reserve Bank of India (RBI) has introduced measures to simplify and expedite the settlement of claims for deceased account holders, aiming to enhance efficiency, reduce procedural delays, and ensure timely access to funds by legal heirs. The new framework standardizes documentation requirements, clarifies bank responsibilities, and leverages digital solutions to minimize disputes. This initiative reinforces RBI’s commitment to consumer protection and operational transparency, while reducing administrative burdens for banks and heirs.

Union Health Minister J.P. Nadda underscored the pivotal role of food safety regulators in safeguarding public health and maintaining high standards across India’s food supply chain. Speaking at a national food safety conference, he highlighted the importance of rigorous inspection protocols, technological adoption, and stringent compliance enforcement to prevent contamination and ensure consumer trust.

India and Russia have initiated high-level discussions to expand bilateral agricultural trade, aiming to strengthen economic cooperation and diversify food supply chains. The dialogue focuses on increasing the export and import of key commodities, enhancing investment in agro-processing, and exploring technological collaboration in agriculture. Both nations emphasized the potential for mutually beneficial partnerships in sectors such as grains, pulses, dairy, and farm machinery.

The Chairman of the State Bank of India (SBI) has underscored the crucial role of innovation and financial expertise in realizing the government’s vision of “Viksit Bharat” by 2047. Speaking at a high-level forum, he highlighted that India’s economic transformation hinges not only on capital and infrastructure but also on nurturing skilled financial talent capable of steering the country through a rapidly evolving global economy.

Info Edge has firmly established itself as one of India’s most influential venture investors, leveraging its financial muscle and strategic foresight to back some of the country’s most successful startups. With a diversified portfolio spanning technology, education, health care, and consumer platforms, the company has evolved beyond its origins in recruitment services to become a powerhouse in India’s startup financing ecosystem. Its track record of early bets on market leaders underscores a keen ability to identify disruptive opportunities and foster innovation at scale.

In a significant step toward deepening consumer engagement in the travel and payments ecosystem, SBI Card and IndiGo have launched two co-branded credit cards: IndiGo SBI Card and IndiGo SBI Card ELITE. Integrated with IndiGo’s BluChip loyalty programme, these cards allow users to earn reward points across flight bookings, hotels, travel services, and everyday purchases. The standard card comes with an annual fee of Rs. 1,499, while the ELITE variant is priced at Rs. 4,999, offering superior privileges including international lounge access, milestone bonuses, and enhanced reward rates.