India

Swan Energy Ltd., a diversified conglomerate with interests spanning textiles, real estate, energy, and shipping, has announced a corporate rebranding under the new identity Swan Corp. The change reflects the company’s evolution beyond its traditional energy-centric roots and signals its intention to project a more integrated, modernized corporate profile. By adopting a streamlined brand identity, Swan Corp seeks to reinforce its commitment to diversification, global competitiveness, and long-term value creation for shareholders and stakeholders alike.

Japanese fast-fashion giant UNIQLO has set an ambitious target of achieving Rs. 3,000 crore in sales from its India operations in the coming years, underscoring its long-term commitment to one of the world’s fastest-growing retail markets. The company, part of the Fast Retailing group, is intensifying its focus on store expansion, local supply chain partnerships, and product customization to align with Indian consumers’ evolving tastes.

India and Japan are deepening their partnership in the energy sector as both nations confront rising demand, volatile global markets, and the urgent need for cleaner fuel alternatives. Senior officials from New Delhi and Tokyo have intensified discussions on diversifying supply chains, enhancing cooperation in liquefied natural gas (LNG), hydrogen, and renewables, and reinforcing energy security through joint projects and strategic investments.

India’s coal imports increased during the June quarter as robust electricity demand and seasonal consumption patterns drove power producers and industries to secure additional supplies. The rise was largely attributed to higher purchases of thermal coal, which continues to dominate the energy mix despite government efforts to promote renewables and domestic mining. Analysts note that while local production has improved, import dependence persists due to quality requirements and logistics efficiency.

Engineering, procurement, and construction (EPC) firms in India are expected to register a 9–11% revenue expansion in FY26, according to a recent assessment by Crisil. The growth projection is underpinned by a robust pipeline of government infrastructure projects, particularly in roads, railways, and urban development, as well as sustained capital expenditure by the private sector.

Silver prices soared to unprecedented levels, with futures trading reaching Rs 1,16,729 per kilogram, marking a record high in the commodity market. The surge comes amid persistent global economic uncertainties, rising inflationary pressures, and increased demand for precious metals as safe-haven assets. Market analysts attribute the spike to a combination of weakened local currency, geopolitical tensions, and robust investment interest from both institutional and retail investors.

The central government is preparing to offload part of its holding in Bank of Maharashtra, lowering its stake to 75% in compliance with market regulations and to enhance public participation. The move, expected to be carried out through a secondary market sale, forms part of the broader disinvestment roadmap aimed at improving efficiency, transparency, and capital market depth in state-owned enterprises. With Bank of Maharashtra emerging as one of the fastest-growing public-sector lenders, the stake sale is likely to attract significant investor interest.

Protean eGov Technologies Ltd. has secured a Rs. 1,160 crore contract from the Unique Identification Authority of India (UIDAI), marking one of the largest technology-driven public sector deals in recent times. The agreement will focus on enhancing Aadhaar-related infrastructure, streamlining identity authentication services, and expanding digital delivery mechanisms for citizens.

Crude oil futures advanced in recent trading sessions, supported by robust demand in the spot market and a firm trend in global benchmarks. Traders and analysts pointed out that renewed buying activity from refineries and industrial consumers, coupled with a tight supply outlook, boosted sentiment. While volatility remains a factor due to global geopolitical tensions and fluctuations in the dollar index, the underlying demand has provided a cushion for prices.

Coriander futures registered a downward trend as sluggish demand in spot markets coupled with sufficient supply pressured prices. Traders and market participants noted that weak buying interest from stockists and retailers, alongside steady arrivals from major producing regions, dampened sentiment. With no immediate signs of a surge in consumption, futures contracts slipped, reflecting a cautious stance among investors.