Market News
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Mountain bookings up 76 per cent in June as urban Indians flock to hills: Report
Indian mountain getaways are booming, with Zostel reporting a 76% surge in Shimla bookings and nearly 95% growth in other popular spots like Srinagar. Spontaneous travel is on the rise, with almost half of bookings made within three days of departure. Travellers are also exploring lesser-known destinations.
Low-cost imports and high input costs to weigh on paper industry margins: CareEdge Ratings
Priti Agarwal, Senior Director at CareEdge Ratings, said that realisations for India's writing and printing paper segment have fallen by 6-7% and are unlikely to recover meaningfully in the near term. While demand from the education sector remains stable and volumes could grow 3-4%, manufacturers are facing higher costs for wood, bamboo and waste paper. Industry profitability will depend on cost management and policy support.
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.
IHG eyes deeper Adani partnership, more hotels at airports across India
IHG Hotels & Resorts is eyeing significant expansion in India, aiming to deepen its partnership with Adani Airport Holdings (AAHL) beyond the recently signed five-hotel deal. IHG plans to launch more hotels at airports and in urban commercial hubs, leveraging AAHL's extensive airport infrastructure. This strategic move aims to capitalize on India's infrastructure growth and meet rising demand across various market tiers.
Hero MotoCorp plans to expand flex-fuel capability up to E100, bets on multi-fuel future
Hero MotoCorp is embracing a multi-fuel future, planning to extend its flex-fuel vehicle capabilities to E100. The company is also investing heavily in electrification across various two-wheeler segments, aiming to cater to both urban demand for EVs and the strong rural market for internal combustion engines.
Urban Harvest in talks to raise ₹300 crore at ₹1,500 crore valuation
The round is expected to include existing investors such as Info Edge, the family office of Mankind Pharma, and angel investor Sandeep Kapadia, among others.
India poised to drive next wave of global steel demand, says Lakshmi Mittal
India is set to lead global steel demand in the coming decades. Large-scale infrastructure projects, urban growth, and energy transition investments will drive this expansion. ArcelorMittal's Executive Chairman, Lakshmi Mittal, highlighted India's emerging role, comparing it to China's past growth. The company's 20th anniversary marks a new phase for the steel industry.
RBI cancels licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank
The Reserve Bank of India has cancelled the banking license of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its deteriorating financial condition. The bank's inability to meet its obligations and its lack of adequate capital and earning prospects led to this decision. Approximately 97.9% of depositors are expected to receive their full deposit amounts from DICGC upon liquidation.
Bhartiya Urban will invest Rs 1,000 crore in developing 1.5 million sq ft residential development in North Bengaluru
Bhartiya Urban is launching Nikoo Homes 8 in Bengaluru's Thanisandra corridor. This project spans 11 acres and includes over 1,000 homes. It offers a range of options from studios to luxury villas. The development has a business potential of Rs 2000 crore. Bhartiya Urban plans further launches and inventory additions across multiple locations.
Amazon Launches 100 Urban Fulfilment Centres Ahead Of Prime Day 2026
Amazon's Prime Day - the annual four-day summer sale - will begin on June 23.
Urban consumption, small caps remain top bets despite monsoon concerns: Quest Investment Advisors
Rakesh Vyas, CIO and Portfolio Manager at Quest Investment Advisors, remains positive on urban consumption, saying strong retail credit growth, tax benefits and rising disposable incomes continue to support discretionary spending despite monsoon concerns. He expects select small-cap stocks to deliver 6-7% alpha through strong earnings growth and sees Eternal as a key beneficiary of improving quick-commerce profitability. Vyas has also increased exposure to mid-sized IT firms, citing attractive valuations and long-term growth prospects.
The new man of steel! India seen to fill in the void China may leave
India Steel Industry Growth 2026: Global steel demand is shifting from China to India and Southeast Asia. India's steel consumption is low, offering significant growth potential. Unlike China's property-driven boom, India's demand will stem from infrastructure, manufacturing, and urban development. This growth will be more gradual, influenced by execution challenges and a focus on greener production.