India Financial News

Subscribe to enjoy similar stories.Mumbai: Life is coming full circle for Suzlon Energy Ltd as the company looks to resume selling wind turbines in Europe, a market where it stopped sales nearly two decades ago as it worked its way out of a debt crisis.The Pune-based company on Tuesday launched two new turbine designs for the European market with capacities of 5 MW and 6.3 MW, based on its new Blue Sky product platform. These add to its portfolio of 2.1 MW and 3 MW machines.The new platform will debut in Europe and the company will take a call later this year on the specifications in which it can be brought to India, Girish Tanti, the executive vice-chairman of Suzlon, told Mint over a call from Madrid.

Subscribe to enjoy similar stories.NEW DELHI: South Korean tech companies Krafton Inc. and Naver Corp.

Subscribe to enjoy similar stories.New Delhi: Three weeks after its official inauguration, the Noida International Airport faces fresh uncertainty over the start of commercial flights, as a key security clearance for its chief executive is still pending. The nod from the Bureau of Civil Aviation Security (BCAS)—essential before operations can begin—has yet to come through, raising the possibility of a delay to the airport’s planned mid-May launch.The Noida International Airport at Jewar in Uttar Pradesh, 100 km off Delhi’s Indira Gandhi International airport, was inaugurated by Prime Minister Narendra Modi on 28 March 2026.

Subscribe to enjoy similar stories.In a world marked by persistent turbulence, the character of globalization is undergoing a decisive shift. Supply chains, once celebrated as instruments of efficiency, are now being used as tools of strategic leverage. Energy markets are volatile, shipping routes face disruptions and critical technologies are being subject to export controls.

Subscribe to enjoy similar stories.MUMBAI: India’s consumer demand is showing clear signs of softening, with inflation pressures amid volatile crude oil prices and a weak monsoon outlook beginning to weigh on spending across categories. While the slowdown is not uniform, the underlying direction is increasingly evident in sentiment and early consumption data from the March quarter (Q4FY26).The weakness is most visible in a widening split across income groups.

Subscribe to enjoy similar stories.MUMBAI: Zero sugar is no longer a differentiator for India’s soft-drinks industry – it’s a way of ensuring a stake in the market. After a year in which zero sugar dominated advertising and shelf space, beverage makers are offering functional drinks – reduced or no-sugar products with zero calories and ingredients like vitamins, minerals, probiotics and prebiotics.Chini Kum has entered the market with zero-sugar, low-calorie drinks fortified with prebiotic fibre.

Subscribe to enjoy similar stories.In equity markets, an acid test of new investors is how they respond when a crisis hits and the market crumbles. Do they rush for the door? Or, do they affirm their intention to be there for the long term? A mild form of that acid test roiled Indian markets, along with global ones, in March. The benchmark equity index, BSE Sensex, tumbled 11% that month alone.

Subscribe to enjoy similar stories.India needs to rethink its power storage options in the light of an energy shock that has exposed the fragility of global supply chains. Since geopolitical conflict and wobbly rules of international engagement are unlikely to relieve us of trade clamps being used as weapons, we must adjust our cost and security calculus accordingly. At particular risk are battery electric storage systems (BESS) that are now increasingly favoured by renewable energy (RE) producers for grid-scale storage.

Subscribe to enjoy similar stories.KKR & Co-backed Kota-based test preparation company Resonance Eduventures Ltd. is nearing an asset reconstruction company (ARC)-led debt resolution that may see lenders taking about 80% haircut on principal claims, according to two people aware of the matter.“Only one ARC has bid for the debt and the deal is nearing completion where it will acquire a majority of the debt. Though the final negotiations on the terms of the deal will decide closure timelines,” said the first person cited above.The proposed transaction comes amid stress in India’s once-booming offline coaching sector.

Subscribe to enjoy similar stories.Low rainfall may hit India’s water reservoir replenishment, raising concerns among farmers and policymakers. Water reservoir levels stand at 44.7% of total capacity as of 9 April, better than last year, but experts warn that weak rainfall could hurt irrigation, fuelling worries over farm output and inflation in Asia’s third-largest economy. Mint explores.As per the Central Water Commission(CWC), water level in 166 key reservoirs stands at 44.7% of total live capacity, higher than last year (38%) and above the normal benchmark of 35%.

Subscribe to enjoy similar stories.Stock market recap: Indian equity benchmarks ended a volatile session on Monday with a positive bias. Indices had opened higher, tracking firm global cues, and briefly strengthened around midday, but gave up most gains as concerns around the US-Iran ceasefire kept sentiment cautious.Sensex closed up 26.76 points at 78,520.30, while Nifty 50 edged up 11.30 points to settle at 24,364.85.Sectoral performance was mixed.

Subscribe to enjoy similar stories.Pocket FM, an audio storytelling platform, said its users in India and the US are getting increasingly comfortable with microtransactions— paying per episode or series—giving it a monetization engine that differs from the classic subscription business.The company’s recent growth reflects how microtransactions and the deeper use of AI across content creation, editing and creator tools have started to scale up together, chief operating officer Lalit Gangwar said.“Pocket FM is best understood as a microtransaction-led audio storytelling business rather than a pure subscription model,” Gangwar said. “Listeners typically start free, get hooked on serialized stories or series, and then keep returning to unlock the next episode or story arc.”The company doubled its annualized revenue run-rate (ARR) to over $400 million ( ₹3,725 crore) in the past year, after taking six years to reach its first $200 million.

Subscribe to enjoy similar stories.India’s equity market is undergoing a quiet but meaningful structural shift, where market leadership is steadily widening beyond traditional heavyweight conglomerates. While large business groups continue to dominate in absolute terms, their grip on overall market capitalization is loosening as gains spread across sectors, mid-sized firms and new-age businesses.A Mint analysis of 10 leading business groups by market capitalization shows their combined share in India’s total market value has steadily declined over the past few years—from 31.4% in FY22 to 25.3% in FY25 and further to 24% in FY26.

Subscribe to enjoy similar stories.India’s chaotic public transportation system could be in for a major overhaul, with federal think tank NITI Aayog beginning work on a national framework for first- and last-mile mobility, according to two people aware of the development and a document reviewed by Mint.The move is significant given the scale of reliance on informal transit: an estimated 200–300 million Indians depend heavily on privately run rickshaws, tempos and minibuses for last-mile connectivity, with most tier-II, tier-III and smaller towns having limited public transport.The framework is to be finalized by a nominated committee of transportation sector experts, as well as officials from the ministries of road transport and highways, and housing and urban affairs, according to one of the two people cited above, who requested anonymity.“The target for this committee, headed by a NITI Aayog official, is to prepare a report in the next three months,” this person added.The second person cited above said that the move was prompted by the fact that there is currently no formal framework for a transport system widely used by the public. “The committee will try and figure out what can be done about establishing an oversight into this informal system of transport, which is growing rapidly,” the second person said.The document reviewed by Mint showed that government-run systems are available in just 66 of 496 Indian cities with populations above 100,000.

Subscribe to enjoy similar stories.While the market shows some promise and trends are expected to gain momentum, current upward movement is limited. Higher price levels are meeting selling pressure, which is dampening bullish sentiment.Buy above ₹520, stop ₹490, target 575 (multiday)Buy above ₹181, stop ₹168, target ₹205 (multiday)Buy above ₹76, stop ₹71.50, target ₹85 (multiday)On 20 April, Indian equity markets witnessed a volatile session, extending gains for the second consecutive day but ultimately closing flat as global uncertainties weighed on sentiment. The Nifty opened on a mildly positive note and showed strength during the late morning trade, supported by selective buying in banking and metal counters.

Subscribe to enjoy similar stories.India is emerging as a key growth market for champagne as the country's appetite for premium spirits grows. And, if the duty cuts planned under the proposed trade deal with the European Union (EU) kick in, the spirit would get more affordable and usher in new growth in a hugely underpenetrated market.Senior representatives of the Comité Champagne, which represents growers and manufacturing houses in France’s Champagne region, said India’s champagne market has climbed back to pre-pandemic levels, with shipments at about 60,000 bottles in 2025, close to a peak of around 65,000 bottles recorded in 2016.

Subscribe to enjoy similar stories.Mumbai: A clutch of India's top private banks will decide by the end of next year who their new chief executives would be, and while the incumbents remain eligible, industry experts are keen on clarity over the second line of leadership.Chief executive officers (CEOs) of five prominent private sector banks —HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and IDFC First Bank—will require regulatory nod for another term. While the board of ICICI Bank has already approved a shorter-than-usual two-year term for CEO Sandeep Bakhshi, HDFC Bank’s Sashidhar Jagdishan is willing to serve another term.

Subscribe to enjoy similar stories.Late on Sunday, Tata Trusts announced it would seek to amend an exclusionary clause in the 103-year-old Bai Hirabai Trust, a charitable entity under its control, that restricts eligibility for trustee positions to members of the Zoroastrian community. The move has put the spotlight back on long-standing disputes within the philanthropic organizations that hold a majority stake in Tata Sons.Here is a snapshot of the simmering tensions that have gripped the House of Tata since the death of Ratan Tata on 9 October 2024.Since Ratan Tata’s demise, India’s largest industrial conglomerate has seen several top-level skirmishes.

Subscribe to enjoy similar stories.New Delhi: The government will hold further consultations before rolling out schemes for debt resolution of all companies in a group in one go, and for dealing with cross-border insolvency cases where a company or its creditors are in different jurisdictions, two persons familiar with the development said.Introduced through legislative amendments in April, these two ambitious provisions form part of the most comprehensive overhaul of the Insolvency and Bankruptcy Code (IBC) since its enactment in 2016. The amended legislation received presidential assent on 6 April..Most provisions in the amended Code, which seek to improve the efficiency and outcomes of debt resolution of companies and their promoters, will be notified at the earliest but the schemes for group insolvency and cross-border insolvency may be rolled out only after further consultations, said the first of the two persons quoted above, both of whom spoke on the condition of anonymity.

Subscribe to enjoy similar stories.Bharti Airtel, India’s second-largest telecom operator by market share, has raised the price of one of its long-validity prepaid plans, a move analysts said may be aimed at testing the waters for broader tariff hikes.On Sunday, Airtel raised the tariff of its ₹859 mobile plan — valid for 84 days with 1.5 GB of data per day — to ₹899, according to its website. It also discontinued its ₹799 plan with 77-day validity.The tariff hike is particularly significant because headline prices across all plans have remained unchanged for the past two years.

Subscribe to enjoy similar stories.Bengaluru: Real estate investment firm Certus Capital plans to invest around ₹2000 crore in residential, office and mixed-use development projects in 2026-27, said a top executive.The Mumbai-headquartered firm will deploy the capital through a combination of proprietary balance sheet and its recently launched alternative investment fund (AIF).Certus Capital is currently raising its second Category-2 AIF—Certus TFCI Real Estate Fund—of ₹500 crore plus a green-shoe option of ₹500 crore. Tourism Finance Corp.