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Subscribe to enjoy similar stories. The primary market has struggled to find its footing in 2026. Benchmark indices are down about 2.6% year-to-date, volatility remains elevated, and investors are wary amid global uncertainties and tighter domestic liquidity.

Mint, SDHI chief executive officer Vipin Kumar Saxena said the companies plan to cooperate initially on medium-range (MR) product tankers and potentially very large gas carriers (VLGCs), with Samsung providing designs and engineering support.“We will start by working together on specific ships (MR tankers and VLGCs). Once we execute these successfully and build confidence, the relationship can evolve further,” Saxena said in the interview.Samsung will license vessel designs and provide engineering and material packages, while construction will take place at SDHI’s Pipavav yard.

Subscribe to enjoy similar stories. Brookfield-backed CleanMax Enviro, one of the leading early movers in India's corporate renewable energy sector, is set to launch its initial public offering (IPO) on 23 February. As of FY25, the company commands an 8% market share of annual open-access renewable energy capacity additions, reinforcing its position as a primary provider of decarbonization solutions.

Subscribe to enjoy similar stories. At the India AI Summit, a less discussed but foundational piece of the AI stack broke into the headlines. Mumbai-based AI infrastructure startup Neysa announced a $1.2 billion capital raise led by alternative asset manager Blackstone, among the largest funding rounds in the country’s AI infrastructure sector.

Subscribe to enjoy similar stories. The ministry of commerce and industry has overhauled its merchandise trade indices, shifting the base year to FY2022-23 from FY2012-13. The move aims to revamp the tracking of price and volume trends, providing a more accurate snapshot of an economy driven by high-tech manufacturing and engineering.

XED Executive Development, set to be the first company to list on the GIFT City exchanges after its upcoming IPO, has appointed a market maker for one year to address low liquidity on the exchanges.“We have appointed Evermore as our market maker and 5% of the issue has been set aside for market-making purposes,” Piyush Agarwal, chief executive officer of XED Executive Development, toldMint.XED, which provides leadership and management development programmes to senior professionals in over 25 countries, plans to raise $12 million through a dollar-based offering. It will be listed on the NSE International Exchange and the India International Exchange – in GIFT City – in the first week of March.As the first company to list on these exchanges, XED may initially face liquidity challenges.

Subscribe to enjoy similar stories. NEW DELHI: As India plans to set up 10 gigawatts (GW) of data centre capacity by 2030, demand for electricity is expected to surge. Mint explains how this will impact India’s power sector.

₹150–200 crore in primary funding, as the company looks to accelerate expansion, two people familiar with the matter said.The proposed round comes at a time when non-banking finance companies (NBFCs) face tighter regulatory scrutiny and rising stress in unsecured lending, making fresh capital crucial to strengthen balance sheets and support calibrated growth.“Several mid-market private equity firms or late/growth stage venture capital firms will be tapped as a part of the process. The deal is expected to be launched in the coming weeks,” one of the people cited above said.“The company is looking to double down its presence in its existing areas of operations after it became PAT positive in the current financial year,” a second person said.Both the people spoke on the condition of anonymity.

Subscribe to enjoy similar stories. India’s banking regulator has asked digital payments facilitator the National Payments Corporation of India (NPCI) to look into rising complaints of erroneous UPI Autopay debits, three people aware of the matter told Mint. Users of the Unified Payments Interface—a real-time instant payment system developed by the NPCI—began reporting involuntary autopay mandates and an inability to cancel such recurring payments towards the end of 2025.

Subscribe to enjoy similar stories. The GIFT City regulator has started asking inactive companies to voluntarily surrender their licences if they do not intend to start a business, according to three people in the know, as India seeks to ensure the international finance hub is not reduced to a paper address. “Entities that remain inactive have been asked about their plans and, where there is no clear intent to operate, they may be persuaded to voluntarily surrender the license," said an official, one of the three people quoted earlier, on the condition of anonymity.

Subscribe to enjoy similar stories. Bengaluru/New Delhi: Tata Consultancy Services Ltd (TCS) and Infosys Ltd’s partnerships with OpenAI and Anthropic could prove a win-win for India’s under-pressure technology sector and the fast-growing artificial intelligence (AI) firms. The tie-ups echo earlier strategic pivots that powered expansion in enterprise software two decades ago and cloud services a decade later.

Subscribe to enjoy similar stories. A global technology outage involving airline reservation platform Navitaire briefly disrupted operations of carriers including IndiGo and Akasa Air on Thursday morning, before systems were restored within about half an hour, according to two people familiar with the matter. No major flight delays were reported.

Subscribe to enjoy similar stories. Torrent Power Ltd continues to scale its coal-based portfolio. The recent acquisition of Nabha Power Ltd, a subsidiary of Larsen & Toubro Ltd, comes at a time when other power producers are also increasing their coal-based capacities to meet rising electricity demand.

Subscribe to enjoy similar stories. Financial advisor Douglas Boneparth chuckled when he saw the sharp selloff last week in wealth management stocks over concerns about tax planning updates to an artificial intelligence tool from fintech Altruist. Boneparth, who has been using Altruist’s AI-powered Hazel platform for several months, says the market was finally waking up to something he has been experiencing firsthand: AI is beginning to transform the wealth management industry.

Subscribe to enjoy similar stories. BENGALURU: ICE MT India Pvt. Ltd, a subsidiary of US financial services firm Intercontinental Exchange Inc., has opened a 193,053 sq.

Subscribe to enjoy similar stories. Hindalco Industries Ltd stock is down 7% since the company announced its December-quarter (Q3FY26) results. The oft-cited reason for this is the two fires at subsidiary Novelis’s Oswego plant in September and November 2025, which disrupted operations.

Subscribe to enjoy similar stories. Microcaps are volatile. That’s a part of investing.

Subscribe to enjoy similar stories. NEW DELHI : India’s technology outsourcing services are likely to “die out" over the next five years, as artificial intelligence automates most software programming and quality engineering tasks, according to Vinod Khosla, founder of Khosla Ventures and early-stage investor in OpenAI—the world’s most valuable AI startup.

Subscribe to enjoy similar stories. The fight for India’s fast-growing wealth pool has led to a battle for frontline talent. Relationship managers (RMs), as they are popularly called in banking parlance, are among the most sought-after professionals in the financial sector.

Subscribe to enjoy similar stories. Marcellus Investment Managers Pvt. Ltd's co-founder Pramod Gubbi is said to be helming the firm's foray into India’s ₹81 lakh crore mutual fund industry, according to two people familiar with the matter.

Subscribe to enjoy similar stories. Mumbai: The State Bank of India is weighing a plan to take control of its investment-banking joint venture (JV) with Investec India, according to two people familiar with the matter. The move comes as India’s largest lender seeks to strengthen its deal-making and distribution capabilities in the midst of a multi-year boom in the country’s equity capital markets.