Market News
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ADB trims India's growth projection to 6.6% reflecting elevated energy prices
Asian Development Bank on Thursday lowered India's GDP growth projection to 6.6 per cent as against 6.9 per cent estimated earlier for the current fiscal on concerns of higher energy prices fuelled by the Middle East crisis. Despite the growth moderation, India still continues to be the fastest-growing major economy in the world, ADB said. India's GDP growth forecasts are revised down to 6.6 per cent for FY2026 (ending 31 March 2027) and maintained at 7.3 per cent for FY2027, Asian Development Outlook (ADO) July 2026 said. Growth will be supported by policy interventions to attract more foreign capital, as well as fuel tax cuts, targeted credit support, strong services exports, and public capital expenditure. The FY2027 growth forecast remains unchanged from April, underpinned by improved global conditions and export competitiveness gained through trade agreements with various partners. However, risks tilt to the downside driven by heightened geopolitical tensions, or weather-induced
Bank credit growth to ease as corporates tap bond markets, overseas funding: CareEdge
Bank credit growth is expected to moderate gradually in the upcoming fiscal year. Large corporations will increasingly use domestic bond markets and overseas borrowings for funding. The Reserve Bank of India's policy measures make external funding more attractive for businesses. This shift will reduce reliance on traditional bank loans for corporate financing needs. Overall credit demand remains healthy, but banks will finance a smaller share.
Market's worst phase is over; focus on picking the right stocks, says Quant Mutual Fund's Sandeep Tandon
Sandeep Tandon believes the next few months will reward investors who pick strong companies rather than simply betting on the broader market, with infrastructure, power and select energy stocks among his top bets.
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
PFC, REC boards approve merger scheme, share exchange ratio at 88 PFC shares for every 100 REC shares
Power Finance Corporation and REC Ltd boards have greenlit their merger, creating India's largest power financier with over Rs 11 lakh crore in loans. The approved share swap ratio is 88 PFC shares for every 100 REC shares. This consolidation aims to boost operational efficiency and bolster the balance sheet, positioning the combined entity to significantly fund India's energy transition and infrastructure growth.
Bharti Airtel Trumps Reliance Jio In May Subscriber Additions, Trai Data Shows
Airtel led the growth in subscriber base with net addition of 29.8 lakh subscribers over the month of April, comprising 29.26 lakh in the mobile segment and 53,809 in fixed line connection segment.
Banks boost renewable energy credit by 7% in April amid energy security concerns
Banks are boosting credit to renewable energy projects, with a 7% jump in April, as global conflicts highlight India's reliance on oil. This surge in funding for green energy underscores the nation's commitment to energy transition. Experts note a growing demand for climate finance, urging banks to develop specialized underwriting for sunrise sectors like solar and green hydrogen, which are poised for significant growth.
Rs 1.5 lakh crore behind 2025! Can Jio, NSE and other mega IPOs put 2026 on course for another record year?
India's primary market faces a significant fundraising gap to match last year's record. However, upcoming mega IPOs from Reliance Jio (Rs 35,000 crore) and NSE (Rs 25,000 crore), alongside SBI Mutual Fund (Rs 10,000 crore), could inject much-needed demand. Experts believe these established names can revive investor sentiment, but a broad-based revival hinges on sensible valuations and a steady pipeline of quality companies.
Trust MF CIO sees revival in corporate cycle, stays bullish on mid and smallcaps
Mihir Vora, Chief Investment Officer at Trust Mutual Fund, remains bullish on renewable energy, with a preference for solar, and is betting on transmission and distribution companies as well as commercial clean energy suppliers catering to sectors such as data centres.
India's C&I energy storage market to expand to 22-31 GWh by 2032: IESA
India's commercial and industrial energy storage market is set for significant expansion. Projections show growth from under 1 GWh in 2025 to an estimated 22-31 GWh by 2032. This surge is fueled by increasing electricity costs and the widespread adoption of renewable energy sources. Reliable power and decarbonisation goals also contribute to this upward trend.
Edelweiss Alternatives’ Subahoo Chordia quits, likely to launch own fund
Subahoo Chordia, a key figure at Edelweiss Alternatives, has departed to launch his own infrastructure fund. He was instrumental in building the firm's real assets and infrastructure business, managing substantial assets and spearheading significant deals. Chordia's departure follows a successful tenure marked by substantial fundraising and strategic acquisitions in the infrastructure and clean energy sectors.
Two Adani Group stocks in focus as GQG sells stake in Rs 5,750 crore deal; SBI MF lone buyer
Adani Enterprises and Adani Energy Solutions will be in focus after GQG Partners sold stakes worth about Rs 5,750 crore via block deals, with SBI Mutual Fund buying the shares. The move is seen as portfolio rebalancing following a strong recovery in Adani Group stocks over the past year.