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Tata Steel's India Q1 crude steel output jumps 11% to 5.82 MT
Tata Steel's crude steel production in India rose 11% YoY to 5.82 million tonnes in the first quarter of financial year 2026–27, while deliveries increased 9% to 5.17 million tonnes, driven by higher output at its Jamshedpur and Kalinganagar plants. On a sequential basis, however, production declined 6.4% from 6.22 million tonnes in the March quarter, while deliveries fell 16.5% from 6.19 million tonnes.
India weighs hybrid annuity model for East-West freight corridor
The East-West Dedicated Freight Corridor may use a Hybrid Annuity Model for development. This financing framework was discussed at a conference organized by DFCCIL. The proposed corridor will connect Surat in Gujarat to Dankuni in West Bengal. Many infrastructure investors and financial institutions attended the important deliberations. This reflects strong investor confidence and broad stakeholder interest in the project.
RBI reiterates push for crypto 'prohibition', cites financial risks and tax evasion
Several key government agencies continue to favour stricter controls on virtual digital assets, even as India has not yet finalised a clear regulatory framework for cryptocurrencies.
Power transmission projects to face execution risks on land acquisition, regulatory approval challenges: Icra
Power transmission projects face significant execution risks and delays. Land acquisition and regulatory approvals hinder timely project completion. These delays impact renewable energy developers and their financial returns. The sector expects substantial capacity additions by 2032. However, execution challenges persist for future projects.
Amazon Seller Services leases over 4.17 lakh sq ft warehouse in Bhiwandi near Mumbai
Amazon India has taken a warehousing facility in Bhiwandi through a long-term lease, set for nine years beginning June 2026. The financial commitment involves a monthly rent exceeding Rs 1.27 crore. This strategic move highlights Amazon's commitment to enhancing its logistics infrastructure and fortifying its supply chain.
MobiKwik CFO Taku calls for MDR on UPI transactions
Upasana Taku said that while the industry supports the government's financial inclusion goals, the absence of merchant discount rate means payment firms and banks continue to bear the cost of processing transactions without any revenue, even as large listed firms benefit from the zero-fee regime.
Kaushalya Infrastructure Development Corpn Ltd leads losers in 'B' group
National Standard (India) Ltd, DJ Mediaprint & Logistics Ltd, Finkurve Financial Services Ltd and Aartech Solonics Ltd are among the other losers in the BSE's 'B' group today, 08 July 2026.
Chasing Profitability, Large Pure-Play Payments Firms Diversify In Lending, Other Financial Services Biz
The strategy also reflects the sheer scale achieved by digital payments in India.
Power Finance Corporation Ltd drops for fifth straight session
Power Finance Corporation Ltd is quoting at Rs 412, down 0.28% on the day as on 13:19 IST on the NSE. The stock tumbled 1.38% in last one year as compared to a 4.91% slide in NIFTY and a 1% fall in the Nifty Financial Services index.
BSE Ltd eases for fifth straight session
BSE Ltd is quoting at Rs 3676.2, down 0.2% on the day as on 13:19 IST on the NSE. The stock jumped 45.66% in last one year as compared to a 4.91% slide in NIFTY and a 1% fall in the Nifty Financial Services index.
Blue Tokai brews up competition with Starbucks in India’s potential $1.15 billion market: Report
Specialty coffee chain Blue Tokai plans to triple its store count to 800 by FY30. The company aims to open 120 new cafes this financial year. Blue Tokai is also in discussions to raise at least $100 million in funding. Revenue is expected to grow by over 50% to Rs 8 billion this year. The firm anticipates becoming profitable by March 2028.
Laser Power & Infra IPO: GMP, price band to financials—10 things investors should know before subscribing
Laser Power & Infra's IPO opens July 9, 2026, aiming to raise ₹742 crore. The price band is set at ₹203-214 per share, with a minimum investment of ₹14,980. Recent financial growth includes 39.84% revenue CAGR, and positive grey market premium indicates strong investor interest.