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Financial Express Mumbai

TaMo targets 20% market share, double-digit margin

PASSENGER VEHICLES UNIT TO INVEST UP TO ₹35,000 CRORE

1 min  |

June 17, 2026

Financial Express Mumbai

Export duty on diesel, ATF hiked

THE CENTRE raised the export duty on diesel by 50 paise per litre and on aviation turbine fuel (ATF) by ₹3 per litre, extending curbs on fuel exports imposed during the West Asia crisis to safeguard domestic supplies.

1 min  |

June 17, 2026

Financial Express Mumbai

‘Deeper Tier 2, Tier 3 e-comm penetration driving growth’

Blue Dart sees its growth being driven by e-commerce expansion into Tier 2 and Tier 3 markets and increasing adoption of B2B surface express. Its MD Balfour Manuel speaks to Akbar Merchant about the company’s business performance, air cargo operations, growth drivers, and the impact of geopolitical developments on supply chains. Excerpts:

1 min  |

June 17, 2026

Financial Express Mumbai

Hospitals pivot to Africa, CIS as Bangladeshi patient arrivals decline

INDIA'S LEADING HOSPITAL chains are rethinking their strategies as a slowdown in medical tourist arrivals from Bangladesh is pushing them to attract higher number of people from Africa and the Commonwealth of Independent States (CIS).

3 min  |

June 17, 2026

Financial Express Mumbai

Inflation to hurt FMCG demand this fiscal: P&G

PROCTER & GAMBLE Hygiene and Healthcare (PGHH) and Gillette India — listed entities of Procter & Gamble (P&G) India — said on Tuesday that they anticipated “near-term challenges” in FMCG demand in FY27 amid softening consumption trends visible across urban and rural markets.

1 min  |

June 17, 2026

Financial Express Mumbai

Inox Wind bags ₹8,000-cr contract

INOX WIND (IWL) has signed a memorandum of understanding (MoU) to supply 1,500 MW of wind turbines to Inox Clean Energy, significantly boosting the company’s order pipeline.

1 min  |

June 17, 2026

Financial Express Mumbai

Asset-light billionaire

GUPTA BUILT A 4.1-MILLION KIRANA NETWORK WITH JUST ₹16.6 CR OF CAPITAL, AND SOLD IT TO MEESHO FOR ₹202 CR

3 min  |

June 17, 2026

Financial Express Mumbai

Agri and processed food exports up 8% in Apr-May

INDIA’S EXPORTS OF agricultural and processed food products rose 8% year-on-year to $4.51 billion during April-May as shipments of buffalo meat increased sharply.

1 min  |

June 17, 2026

Financial Express Mumbai

Distressed firms may get higher valuations

INSOLVENCY REGULATOR PROPOSES NEW NORMS

1 min  |

June 17, 2026

Financial Express Mumbai

Jefferies: 70 large EM funds stay underweight on India

A MAJORITY OF global emerging-market (EM) investors continue to remain underweight on India despite the recent rebound in domestic equities, suggesting there is still room for foreign inflows if valuations become more attractive, according to a report by Jefferies.

2 min  |

June 17, 2026

Financial Express Mumbai

MFs deploy ₹12,611 crore in May as markets correct

● Raised cash levels in April amid volatility

1 min  |

June 17, 2026

Financial Express Mumbai

PM pitches for trust-based partnership

PRIME MINISTER NARENDRA Modi on Tuesday told the G7 leaders that the world should move from donor-recipient to partnerships based on solidarity and equality.

1 min  |

June 17, 2026

Financial Express Mumbai

Study-abroad firms bet on Europe demand

INDIAN STUDY-ABROAD PLATFORMS are increasing their focus on destinations such as Germany, France, Ireland and Italy while strengthening their presence in the UK and Canada, as geopolitical uncertainties and policy changes encourage students to explore a wider range of overseas education options.

2 min  |

June 17, 2026

Financial Express Mumbai

Tata's iPhone parts plant gets pollution board clean chit

TATA ELECTRONICS ON Tuesday said the Tamil Nadu Pollution Control Board has dropped its scrutiny of the company’s iPhone components plant after it addressed concerns about contamination.

1 min  |

June 17, 2026

Financial Express Mumbai

Sebi allows AIFs, VCs to retain fund beyond expiry

THE SECURITIES AND Exchange Board of India (Sebi) on Tuesday issued a circular allowing alternative investment funds (AIFs) and venture capital funds to retain funds beyond fund life under specific circumstances.

1 min  |

June 17, 2026

Financial Express Mumbai

Lengthy recovery awaits Hormuz reopening

AROUND 130-150 MILLION barrels of liquid cargo, ships carrying more than 2 million tonnes of fertilisers, and nearly 500 commercial vessels remain caught in the fallout of the Strait of Hormuz disruption, implying that while tanker traffic could resume within days of a reopening, global supply chains may take up to six months to fully normalise, experts warn.

1 min  |

June 17, 2026

Financial Express Mumbai

US apex court setback: TCS to take $70-mn hit

TATA CONSULTANCY SERVICES (TCS) will make provision for a one-time additional charge of $70 million in the first quarter of FY27 after the US Supreme Court declined its appeal for overturning a compensation award in a long-running trade secrets lawsuit.

1 min  |

June 17, 2026

Financial Express Mumbai

BigBasket names Amit Nanda CEO, Hari Menon steps down

THE TATA GROUP-OWNED BigBasket on Tuesday appointed Amazon veteran Amit Nanda as its CEO, marking the end of a nearly 15-year founder-led run at the online grocery and quick commerce company as competition in the sector reaches fever pitch.

1 min  |

June 17, 2026

Financial Express Mumbai

India pushes for end to $900-million steel quota

INDIA IS PUSHING for a steel quota in the UK market worth nearly $900 million under the bilateral free trade agreement (FTA) signed in July 2025 in a bid to resolve the ongoing row over steel curbs announced by the UK, it has been learned.

2 min  |

June 17, 2026

Financial Express Mumbai

Hunt for rare earth reaches Russia

INDIAN MINER IREL is in talks with Rosneft to source rare earth samples from Tomtor, the Siberian deposit acquired by the Russian oil producer last year, as New Delhi seeks to secure supplies of critical minerals dominated by China, a source said.

1 min  |

June 17, 2026

Financial Express Mumbai

ELEVATED CRUDE PRICES MAJOR DRIVER OF EXPORTS

WHILE INDIA’S MERCHANDISE exports grew 16% in the first two months of the current financial year, petroleum product exports grew 45% due to higher global crude oil prices.

1 min  |

June 17, 2026

Financial Express Mumbai

FPI inflows into G-Secs hit record ₹32K cr in June

FOREIGN PORTFOLIO INVESTORS (FPIs) have invested ₹31,933 crore in government securities (G-Secs) through the fully accessible route (FAR) so far in June, marking the highest monthly inflow recorded under the route, according to Clearing Corporation of India data.

1 min  |

June 17, 2026

Financial Express Mumbai

Adani Ports expands Kaleris tie-up

ADANI PORTS AND Special Economic Zone (APSEZ) on Tuesday said it has expanded its partnership with the US-based Kaleris to drive next-generation capabilities across its ports and logistics network.

1 min  |

June 17, 2026

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

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