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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.
P&G India flags pressure on consumer demand, input costs
Procter and Gamble India sees rising costs and softening urban demand, with company executives saying inflation will impact consumer spending. However, despite near-term challenges, P&G maintains a positive long-term outlook for India.
Zee hits 48-week TV share high on Hindi, regional gains
Zee Entertainment Enterprises' television network reached an 18.6% market share in urban India. This marks a 48-week high. Gains were seen in Hindi channels and regional markets. Zee TV and Zee Cinema led the growth. Regional channels like Zee Marathi and Zee Bangla also performed strongly. Zee Telugu and Zee Tamil showed increased viewership.
India's unemployment rate hits around one year high
India's unemployment rate has hit around one year high. Ministry of Statistics & Programme Implementation stated today that the Labour Force Participation Rate (LFPR) for persons aged 15 years and above was reported as 54.4% in May, 2026, compared to 55.0% in April, 2026. In rural and urban areas, LFPR was recorded at 56.6% and 49.8%, respectively. The year-on-year comparison shows that the overall LFPR in May, 2026 declined by 0.4 percentage points. Rural and urban LFPR also registered a decline of 0.3 and 0.6 percentage points, respectively, over the same period.