Market News
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IRDAI chairman urges insurers to build affordable products for Rs 5-25 lakh cover to boost penetration
IRDAI Chairman Ajay Seth called for insurance companies to prioritise covering a broader range of unique lives rather than merely chasing premium targets, especially among middle-income families. He stressed the need for simple and affordable insurance products, encouraging insurers to ask if consumers can invest Rs 100-500 monthly for added security.
Shilpa Medicare shares gain 5% after arm partners with Orion Corp for cancer treatment drug
Shilpa Medicare shares rose over 5% after its subsidiary partnered with Orion to co-develop and supply a nivolumab biosimilar for Europe. Orion will market the drug, while the Shilpa Medicare arm handles manufacturing. The deal aims to expand access to affordable cancer therapy.
Carmakers pare discounts as GST cut revives small-car demand
Car manufacturers are scaling back discounts on budget-friendly hatchbacks and entry-level models, indicating a robust recovery in mass-market demand following GST rate reductions. Maruti Suzuki and Tata Motors have significantly lowered or removed incentives on popular models like the Wagon R, Baleno, Tiago, and Punch. This shift reflects renewed confidence in affordable vehicles, with sales of smaller cars showing a substantial uptick.
India's electric car sales set to cross 3 lakh units for first time in 2026: Report
India's electric passenger vehicle market is poised for a significant leap, projected to surpass 3 lakh annual sales in 2026. This surge is fueled by a growing array of models, particularly in the affordable segment, coupled with enhanced battery technology that alleviates range anxiety. Attractive ownership costs and rising fuel prices further bolster the appeal of EVs, signaling a strong transition towards mainstream adoption.
Cooling products see mixed demand in June qtr; AC sales slump, beverages, ice cream stay resilient
Summer demand for products showed a mixed trend. While air-conditioner sales dipped due to unseasonal weather and rising prices, beverages, ice cream, and dairy products saw robust growth. Consumers are opting for more affordable refreshment options and impulse buys, with traditional hydration products also gaining popularity across urban and rural areas.
Alembic Pharma gets USFDA nod for generic influenza treatment drug
Alembic Pharmaceuticals has secured USFDA approval for its generic oseltamivir phosphate oral suspension, a key treatment for influenza. This development offers a more accessible option for patients aged two weeks and above suffering from acute, uncomplicated flu. The approval marks a significant step in providing affordable alternatives to the reference drug, Tamiflu, potentially impacting a market valued at an estimated USD 27 million.
Greaves Electric's Ampere achieves 4 lakh sales milestone
Ampere, the electric two-wheeler brand of Greaves Electric Mobility, today announced it has crossed the significant milestone of 4 lakh scooters manufactured and sold in India. This achievement underscores Ampere's growing presence in India's mass electric mobility segment and reflects its steady evolution from an early EV pioneer to a trusted, high-growth brand, driving smart, accessible and affordable electric mobility solutions across India.
Affordable housing finance firms likely to regain growth in FY27, but macro risks loom: Kotak
Affordable housing finance companies are poised for a growth rebound from FY27, according to Kotak Institutional Securities. After a subdued period due to lending slowdowns and competition, industry trends are already showing improvement. Disbursement growth accelerated in the latter half of FY26, with managements expressing optimism. While healthy growth is expected in early FY27, macroeconomic factors like monsoon, inflation, and interest rates will shape the latter half of the year.
Delhi NCR's 'Ring of Opportunity' could open up a new era of affordable homes
Four new greenfield cities along Rapid Rail Transit System (RRTS) corridors are set to boost real estate affordability in Delhi and its surroundings. The KMP-Eastern Peripheral Expressway belt is now designated NCR's Ring of Opportunity, ending regulatory uncertainty for peripheral land. This strategic development, anchored by existing infrastructure like the Delhi-Meerut RRTS and Noida International Airport, positions Sonipat, Bhiwadi, Meerut, and Alwar as independent growth hubs, not just commuter towns.
Adani Group targets 10 GW nuclear power capacity by 2035
Adani Group is venturing into nuclear power, aiming for 10 GW capacity by 2035 to bolster India's energy security amidst global uncertainties. Chairman Gautam Adani announced land acquisition for Adani Atomic Energy, a significant addition to the conglomerate's integrated power platform. This move aligns with accelerated investments across the energy value chain, from mining to clean energy technologies, underscoring a commitment to reliable, affordable, and round-the-clock power for the nation.
Scanning cancer, up close & personal: A revolution is underway in cancer diagnosis
A gene-based test called next-generation sequencing can identify precise mutations, which can then be treated with targeted therapies. Since the NGS test can be beyond the reach of many, a unique collaboration called LuNGS Alliance is making it free for lung cancer patients in India, offering a glimpse of how medical breakthroughs can be made accessible and affordable.
Affordable housing, rental expansion and RERA Reforms set to define next growth phase in India's urban region: Report
India's housing sector is set for a major overhaul, driven by urbanization and policy shifts. A KPMG report highlights the urgent need for affordable housing, especially for lower-income groups, by addressing land costs and approval delays. The rise of rental housing as a formal asset class is also emphasized, alongside crucial reforms to boost trust and efficiency in the real estate regulatory framework, ensuring project completion and buyer protection.