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Financial Express Mumbai

Combined m-cap up ₹50,464 cr

THE DEMERGER OF Vedanta into five entities - four new specialised units and Vedanta has unlocked 50,464 crore in value.

1 min  |

June 16, 2026

Financial Express Mumbai

Maruti launches Wagon R Bioflex at ₹7.24 lakh

MARUTI SUZUKI INDIA has announced pricing for the Wagon R Bioflex, its first E85compliant flex-fuel passenger vehicle.

1 min  |

June 16, 2026

Financial Express Mumbai

Auto sales hit new May record

Wholesales rise 27.3% on lower base and GST cut.

2 min  |

June 16, 2026

Financial Express Mumbai

India’s AI moment: Sarvam turns Unicorn at $1.5-billion valuation

HCLTECH PLACES ₹1,427 CRORE BET ON SOVEREIGN AI

3 min  |

June 16, 2026

Financial Express Mumbai

More steps for foreign capital likely, says FM

INDIA WILL TAKE more steps to spur foreign capital inflows, not stopping with the recent announcements made by the government and the Reserve Bank of India, Finance Minister Nirmala Sitharaman said on Monday.

1 min  |

June 16, 2026

Financial Express Mumbai

Setback for TCS in US top court in trade secrets case

THE US SUPREME Court turned away on Monday a bid by Tata Consultancy Services (TCS) to overturn a $168 million award won against it by DXC Technology for allegedly stealing trade secrets related to life-insurance software.

1 min  |

June 16, 2026

Financial Express Mumbai

Adani, US firm join hands for AI infra

ADANI ENTERPRISES AND USbased Jabil on Monday said they will form an alliance to set up an AI and data centre infrastructure manufacturing platform in the country.

1 min  |

June 16, 2026

Financial Express Mumbai

LG's next bet: Renting appliances

IN INDIA'S METROS, a generation now rents its sofas and beds. It still buys its fridges and washing machines. LG Electronics wants to change that.

3 min  |

June 16, 2026

Financial Express Mumbai

Mercedes rolls out first plug-in hybrid

MERCEDES-BENZ INDIA HAS introduced the facelifted SClass with a plug-in hybrid powertrain.

1 min  |

June 16, 2026

Financial Express Mumbai

Shareholders approve Airtel raising stake in Africa unit

BHARTI AIRTEL HAS secured shareholder approval for a share-swap transaction that will increase its effective stake in Airtel Africa to about 79%, deepening its exposure in its fastest-growing overseas market while simplifying the group's ownership structure.

1 min  |

June 16, 2026

Financial Express Mumbai

Peace gets a chance

The US-Iran deal offers lifeline to a fragile global economy.

2 min  |

June 16, 2026

Financial Express Mumbai

HORMUZ HANGOVER ENDS

OIL TUMBLES, RE RALLIES & MKTS SPIKE AS IRAN DEAL EASES SUPPLY FEARS

1 min  |

June 16, 2026

Financial Express Mumbai

India's great consumer brand creation cycle

THE END OF EASY MONEY, NOT OF D2C

2 min  |

June 16, 2026

Financial Express Mumbai

Schneider & Foxconn tie up for data centres

SCHNEIDER ELECTRIC AND Taiwan's Hon Hai Technology Group (Foxconn) have entered into a strategic partnership to develop and scale next-generation artificial intelligence (AI) data centres, as surging AI adoption drives demand for faster, more energy-efficient digital infrastructure globally.

1 min  |

June 16, 2026

Financial Express Mumbai

BoP, fiscal concerns to ebb if peace lasts

THE US-IRAN TENTATIVE deal to end their 107-day conflict and reopen the Strait of Hormuz could at once boost India's economic sentiments, ease an already evident pressure on the fisc, avert an emergent balance of payments (BoP) problem and help the rupee to hold against the dollar, economists said.

3 min  |

June 16, 2026

Financial Express Mumbai

‘We’re working to step up international sales again’

Suzlon Energy’s growth strategy — ‘Suzlon 2.0’ — envisions quadrupling renewable energy sales to 10 GW and expanding renewable energy assets to 70 GW by FY31. Vice-chairman Girish Tanti tells Raghavendra Kamath the company is looking to boost international sales.

1 min  |

June 16, 2026

Financial Express Mumbai

Zetwerk revenue rises 24% to ₹15,900 cr

B2B MANUFACTURING PLATFORM Zetwerk posted an estimated 24% revenue growth to ₹15,900 crore in FY26, according to Crisil. The recovery was driven by the company's exit from unprofitable businesses and a scaled-down civil infrastructure vertical, it noted.

1 min  |

June 16, 2026

Financial Express Mumbai

West Asia rebound pushes goods exports 18% higher

THE RECOVERY IN shipment volumes to West Asia after two months of decline and the high value of petroleum products shipments helped merchandise exports grow at the fastest rate in six months in May.

2 min  |

June 16, 2026

Financial Express Mumbai

Hormuz hangover comes to an end

THOUGH THE text was not yet published, its apparent call for hostilities to cease more broadly could be tricky for Israel, which was not part of the negotiations and has been waging war in Lebanon against the Iran-aligned Hezbollah group.

1 min  |

June 16, 2026

Financial Express Mumbai

BHIM eyes NPS distribution to deepen financial services play

NPCI BHIM SERVICES, the wholly owned subsidiary of the National Payments Corporation of India (NPCI), is working with the Pension Fund Regulatory and Development Authority (PFRDA) to enable National Pension System (NPS) distribution through the BHIM app, according to people familiar with the matter.

2 min  |

June 16, 2026

Financial Express Mumbai

Rupee gains on easing of geopolitical tensions

THE RUPEE ROSE on Monday after the announcement of the US-Iran peace deal, which drove oil prices lower. The domestic currency strengthened as much as 94.45 against the dollar before settling at 94.72, a gain of 40 paise from the previous close.

1 min  |

June 16, 2026

Financial Express Mumbai

Razorpay files for $500-mn India IPO

PAYMENTS FIRM RAZORPAY Software has confidentially filed draft papers with the Securities and Exchange Board of India for an initial public offering, joining a growing list of Indian startups opting for the confidential route.

1 min  |

June 16, 2026

Financial Express Mumbai

Fox acquires Roku in $22-billion deal

FOX CORP IS buying Roku in a cash-and-stock deal valued at about $22 billion in a bet that the top TV streaming platform will strengthen its advertising business and expand online reach for its sports and news content.

1 min  |

June 16, 2026

Financial Express Mumbai

IT’s forensic plumbing test

ACHIEVING TRUE DETERMINISM ACROSS HETEROGENEOUS HARDWARE IS UNATTAINABLE TODAY

4 min  |

June 16, 2026

Financial Express Mumbai

Peace deal lifts markets, Sensex soars 737 points

EXTENDING GAINS FOR the second consecutive session on Monday, the benchmark equity indices rose by nearly 1% after the US and Iran announced an interim deal to end their 15-week conflict, paving the way for the reopening of the Strait of Hormuz.

1 min  |

June 16, 2026

Financial Express Mumbai

Gujarat unveils new industrial policy, sets ₹10 lakh cr target

GUJARAT HAS UNVEILED its Industrial Policy 2026, targeting investments worth ₹10 lakh crore during the five-year policy period.

1 min  |

June 16, 2026

Financial Express Mumbai

Online bond platforms face tighter ad norms

THE SECURITIES AND Exchange Board of India (Sebi) is planning to tighten and standardise advertising guidelines for online bond platform providers (OBPPs), people close to the development told FE.

2 min  |

June 16, 2026

Financial Express Mumbai

Govt releases PPI data, WPI to be phased out in 5 years

THE GOVERNMENT ON Monday came out with producer price index (PPI) data for both goods and services for the first time to better reflect price movement, paving the way for phasing out wholesale price inflation numbers in the next five years.

1 min  |

June 16, 2026

Financial Express Mumbai

Shippers cautious on Hormuz transit despite US-Iran deal

SHIPPERS IN ASIA and Europe said confidence in resuming transit through the Strait of Hormuz could take weeks to rebuild and navigation will only restart once safety is assured, after the US and Iran agreed a framework deal to reopen the waterway.

1 min  |

June 16, 2026

Financial Express Mumbai

Markets will touch all-time high, says Nilesh Shah

INDIAN EQUITY MARKETS may face near-term headwinds from global and domestic developments, but are likely to scale fresh record highs over time, according to Nilesh Shah, managing director of Kotak Mahindra Asset Management Company.

1 min  |

June 16, 2026