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Battery Smart raises Rs 124 crore debt
Battery Smart secured debt funding to expand its battery swapping network. This investment will support infrastructure growth in urban and semi-urban markets. The company's model allows quick battery exchanges for electric vehicle users. Battery Smart currently operates over 1,600 stations in more than 70 cities. This funding boosts responsAbility's total commitment to Battery Smart significantly.
Asian shares mixed, oil prices decline after Opec+ announces output hike
Asian shares and US futures were mixed on Monday following a long weekend on Wall Street, while selling of technology shares pulled benchmarks in Tokyo and Seoul lower. Oil prices slipped after OPEC+ announced Sunday that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August. It was the fifth consecutive month OPEC+ members have agreed to raise output. The countries increasing their output are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. Uncertainty over supplies persists as talks with Iran aimed at fully reopening the Strait of Hormuz appear to be on hold during funeral ceremonies for Ayatollah Ali Khamenei, which will continue for several days. In energy trading early Monday, Brent crude, the international standard, lost 25 cents to $71.87 a barrel. US benchmark crude lost 10 cents to $68.59 a barrel. Japan's Nikkei 225 lost 0.4% to 69,468.17. Tech giant SoftBank Group Corp. declined 3.4%, while computer
HUDCO Q1 Update: Loans sanctioned nearly double, disbursements up 28%; Stock up 2%
HUDCO has seen a sharp shift towards urban infrastructure financing, which now forms nearly 74% of the total loan book at the end of the previous financial year.
Eleven invests Rs 216 cr into financial services biz, total investment rises to Rs 470 cr
Diversified group Eleven has injected Rs 216 crore into its financial services arm, pushing total investment to Rs 470 crore over four years. This strategic move aims to bolster its scaled financial services franchise, with its NBFC, SVCL, having served over 19 lakh customers and disbursed Rs 10,000 crore. Eleven also launched Eleven Tech, a new platform for financial institutions, appointing Monu Ratra as its CEO.
Info Edge shares in focus as AI portfolio doubles to Rs 1,268 crore; total holdings at Rs 41,300 crore
Info Edge shares will be in focus after the company reported its AI startup portfolio has more than doubled to Rs 1,268 crore from Rs 614 crore. Overall startup investments are valued at about Rs 41,300 crore, driven by strong gains in consumer tech and steady growth in deeptech bets.
Steelbird Hi-Tech Expects Premium Segment to Account for 20% of Total Topline by 2032
Steelbird Hi-Tech has seven manufacturing facilities in Himachal Pradesh besides three in Noida (Uttar Pradesh) and an R&D facility besides an office in Italy.
NSE IPO: Cooling volumes fail to slow down behemoth’s tech spend
Technology spending made up one-fifth of NSE's total FY26 expenses even as revenue growth slowed.
Adani Ports Deepens US Tech Partnership With Kaleris To Drive AI Transformation Across Global Terminals
Currently Adani Ports commands 27% of India's total port volumes
Manipal Health picks up hospital building in Bengaluru through 30-year lease
Manipal Health Enterprises has secured a large hospital building in Bengaluru's Yelahanka area. The lease spans nearly 30 years, with total rental payments projected at over Rs 816 crore. This move signifies the hospital chain's ongoing expansion across major Indian cities. The transaction underscores the growing trend of healthcare operators prioritizing long-term occupancy in prime urban markets.
Q4 results today: Asian Paints, IndiGo, IREDA, Glenmark Pharma - 131 companies to announce earnings on 29 May
A total of 131 companies are slated to announce Q4 results on May 29, including Asian Paints and IndiGo. Analysts predict weak performance for Asian Paints due to urban demand issues, while NMDC's results may reveal vital industry insights on iron ore prices and demand trends.
CAG conducting special audit of 101 cities to assess ease of living, says Murthy
India is auditing 101 cities to understand citizen ease of living. The Comptroller and Auditor General is also examining transport and logistics. This is part of a BRICS summit in Bengaluru focusing on urban mobility. Cities are vital for India's GDP and job creation. Effective urban mobility requires integrated systems, not just infrastructure.
Overall tele-density rises from 92.66% in Feb-26 to 93.26% in Mar-26
Ministry of Communications stated in a latest update that as per the information received from 1520 operators for the month of March 2026, the total number of broadband subscribers increased from 1059.05 million at the end of February 2026 to 1065.88 million at the end of March 2026 with a monthly growth rate of 0.65%. The number of wireline subscribers increased from 47.99 million at the end of February 2026 to 48.25 million at the end of March 2026. The net increase in the wireline subscriber base was 0.25 million with a monthly growth rate of 0.53%. The overall wireline tele-density in India increased from 3.37% at the end of February 2026 to 3.38% at the of March 2026. Urban and rural wireline tele-density were 8.37% and 0.57% respectively, at the end of March 2026. The respective share of urban subscribers, and rural subscribers in total wireline subscribers were 89.24% and 10.76% respectively at the end of March 2026.