Market News

India-Mali Launch Inaugural Export Promotion Forum to Boost Bilateral Trade and Unlock New Investment Opportunities

India and Mali have witnessed robust growth in bilateral trade, which surpassed US$326.61 million in FY 202526, registering a 55 per cent increase over the previous financial year. Mali's principal exports to India include raw cotton, finished leather, cashew, lead, gum arabic and sesame while India's major exports comprise pharmaceuticals, cotton fabrics, two- and three-wheelers and bicycles. India's Duty-Free Tariff Preference (DFTP) Scheme has been the primary catalyst in strengthening bilateral trade. Against Mali's global exports of approximately US$4 billion, untapped export potential in the Indian market is estimated at nearly US$3.96 billion, signalling substantial room for growth.

Office leasing in India's top 8 cities skids 14.5% in Q2; vacancies hit post-Covid low

Office space leasing in India's top eight cities saw a 14.5% year-on-year dip in Q2 2026, absorbing 11.6 million sq ft. Despite global economic uncertainties, demand remains strong, particularly from Global Capability Centres (GCCs) which leased 16.5 million sq ft in H1 2026. Flexible workspace operators also recorded their highest-ever half-yearly volume. Vacancy levels have fallen to post-pandemic lows, driving rental growth across major markets.

Prof Arun Mohan Sherry is new IIM Shillong director

Prof Arun Mohan Sherry, the founding director of IIIT Lucknow, has been appointed the new director of IIM Shillong for a five-year term. President of India made the appointment. Sherry, with over three decades of experience, aims to integrate AI, data science, and lifelong learning into business education, emphasizing globalization and technology's role in higher education.

Inspira seals Rs 1,800-crore private credit for Burger King buy in India

Inspira Global, backed by Ajanta Pharma promoters, is securing ₹1,800 crore in private credit to acquire a controlling stake in India's Burger King operator. The food business, through its arm Lenexis Foodworks, has already raised ₹1,050 crore via NCDs, with the remaining ₹800 crore anticipated this month. This significant funding signals a major move into the quick-service restaurant sector.

OMCs lost Rs 18.9/litre on diesel, ₹6 on petrol in Q1

State-run oil companies faced significant losses in the April-June quarter, losing ₹18.9 per litre on diesel and ₹6 on petrol. This downturn occurred as domestic fuel prices failed to keep pace with rising international rates. Previously, these companies enjoyed healthy profits, but fluctuating global prices and limited domestic revisions have led to volatile retail margins, impacting profitability.

US, West Asia drag India's pharma exports growth

Indian pharmaceutical exports to the US, its largest market, saw a dip in early fiscal months, alongside a slight decline in shipments to West Asia. Despite these challenges, overall exports surged by over 6%, driven by strong performance in regions like ASEAN and Latin America, and a remarkable 37% growth in vaccine exports. This indicates a resilient industry adapting to global shifts.

GoDaddy Says Delhi HC Privacy Order Carries Global Risks

The US company further said that complying with the requirement to disclose registration details within 72 hours would be difficult because there is no clear mechanism to determine whether a person requesting the information has a legitimate 'interest in obtaining' it or not.

Ashika Global Securities to acquire 26% stake in Resurgent India Rating

Maersk places order for 1,000 shipping containers with DCM Shriram Group

Global shipping giant AP Moller-Maersk has ordered 1,000 more India-made shipping containers from DCM Shriram Group. Union Minister Sarbananda Sonowal unveiled the first such container, marking a significant step towards self-reliance in maritime manufacturing. This partnership is set to boost India's global supply chain presence and manufacturing capabilities, supported by government initiatives promoting domestic production.

Container manufacturing scheme aims for 10x rise in domestic capacity: Sarbananda Sonowal

India has successfully manufactured its first export-import shipping container for global giant A.P. Moller-Maersk, marking a significant stride towards self-reliance in maritime manufacturing. This achievement, a direct result of Prime Minister Modi's 'Make in India' vision, underscores growing international confidence in India's capabilities.

Dabur Q1 updates: Co expects double-digit revenue growth as rural demand stays ahead of urban

Dabur India anticipates a significant boost in its first-quarter profit, driven by strategic price hikes that effectively countered rising inflation and packaging costs. The company noted resilient consumer sentiment despite global challenges, with sequential improvements in business performance. Strong double-digit growth is projected across key international markets like Egypt and Turkey, alongside robust expansion in India's rural demand and emerging sales channels.

Odisha signs pact with Japanese co, ACME Group for Rs 67,000-cr investment

Odisha has inked a significant Memorandum of Cooperation with ACME Group and Japan's IHI Corporation, committing an investment of Rs 67,000 crore for green industrialization and technology transfer. This collaboration aims to establish a massive green hydrogen ecosystem in the state, building on recent large-scale investments. Chief Minister Mohan Charan Majhi highlighted Odisha's ambition to become a global leader in green steel production, with two dedicated industrial corridors being developed.