Market News
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Nestlé India flags shaky demand from urban middleclass as incomes lag
India’s consumption recovery could face a fresh test as the urban middleclass has entered a ‘wait and watch’ mode on discretionary spending as its income growth lags inflation, says Nestlé India CMD Tiwary. The demand from the premium and rural sectors has, however, shown resilience, he says.
Consumer demand story remains strong and capable of double-digit growth: Nestlé India CMD
Speaking from the sidelines of the Citi India Conference 2026, Manish Tiwary, CMD of Nestlé India, said he remains confident about the Indian consumer sector's ability to deliver double-digit growth over the long term despite near-term uncertainties. He said premium consumption remains resilient and rural markets have consistently outperformed urban areas in recent years. Nestlé India is continuing to invest over ₹2,000 crore annually and is setting up its 10th manufacturing facility in Odisha.
Excitel turns profitable after 10 years in a tough market
Excitel Broadband achieved its first annual net profit in FY2026. The company reported a profit of ₹40 crore on ₹530 crore revenue. This success comes from focusing on dense urban areas and state capitals. Excitel competes with larger players by offering faster speeds and better service. This marks a significant milestone for the standalone internet service provider.
Centre targets nearly 300 GW power generation capacity by next year: Manohar Lal Khattar
India is boosting its power generation capacity, focusing on nuclear energy. The nation aims to reach nearly 300 GW next year. Nuclear power is key for long-term energy security, targeting 100 GW by 2047. Tripura is set to receive urban infrastructure projects worth Rs 1,200 crore. Reforms are crucial for growth.
Asian Paints Expects Up To 10% Volume Growth In FY27 As Demand Holds Up Amid Inflation Pressures
Asian Paints expects 8%-10% volume growth in FY27 as demand remains steady across rural and urban markets, with management citing encouraging trends in April and May despite inflation and geopolitical risks.
Toyota launches Urban Cruiser Ebella E3: Check price, features, variants, range and more
Toyota Kirloskar Motor has launched the Urban Cruiser Ebella E3 electric SUV. The vehicle is priced at Rs 23,60,000 ex-showroom. It features a 61 kWh battery, Level 2 ADAS, and a 10.25-inch combimeter. Toyota offers an 8-year battery warranty and multiple financial schemes. The company also provides extensive service support with trained technicians.
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.
India’s scorching nights strain power grid and threaten health
India faces a dual threat from dangerously hot summers and increasingly sweltering nights, exacerbated by global warming and urban heat islands. This sustained heat strains both people and power infrastructure, leading to record energy demand and widespread blackouts, particularly impacting vulnerable populations.
RBI tightens norms for re-appointment of directors on UCB boards
The Reserve Bank of India has introduced new rules for Urban Co-operative Banks. Directors can now serve for a maximum of ten years. Following this, a mandatory three-year cooling-off period is required before re-appointment. This measure aims to prevent directors from circumventing tenure limits. The new directions are effective immediately, ensuring better governance in these financial institutions.
IRFC expands beyond Indian Railways with ₹13,527-crore refinancing deal for Hyderabad Metro
The state-backed financier is leveraging its core strength in transportation finance to support urban mobility and help the Telangana government-owned project replace its high-cost debt.
Shriram General Insurance ties up with Piramal Finance for product distribution
Shriram General Insurance has joined hands with Piramal Finance. This collaboration will bring insurance products to more people. Piramal Finance's large network will help SGI reach customers. The partnership focuses on semi-urban and rural markets. It aims to make insurance easily available. This will help protect customer assets and financial futures.
IRFC forays into urban infra financing with a ₹13,527 crore Hyderabad Metro deal
Structured over a 20-year tenure with quarterly repayments, the refinancing replaces higher-cost debt with competitively priced long-term rupee financing. IRFC said the facility carries no processing fees, commitment charges or prepayment penalties.