News Digest
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Elgi Equipments opens vacuum pump assembly line in Coimbatore
Budget 2026: How to sustain foundations of Viksit Bharat - explained
Beyond numbers and allocations, this year’s budget will be read as a signal of intent. For global investors, it will indicate how firmly India is committed to strengthening its role in global manufacturing and infrastructure-led growth.
IBM introduces new software to address growing digital sovereignty imperative
Organisations around the world are facing a growing imperative to exercise control over their technology infrastructure: Big Blue
LTIMindtree bags ₹3,000 crore deal from CBDT to build AI-based tax analytics platform
The AI-powered tax analytics platform aims to provide real-time insights to policymakers
Data reset: RBI governor backs CPI, GDP and IIP base year revision, says it will sharpen policy signals
RBI Governor Sanjay Malhotra welcomed the Ministry of Statistics and Programme Implementation's decision to revise base years for CPI, GDP, and IIP. This move will better reflect changing consumption patterns and economic structures, enabling more calibrated policymaking. The updated indicators are crucial for monetary policy and assessing economic momentum.
Vijay Kedia buys stake in smallcap SPML Infra via bulk deal
Ace investor Vijay Kedia has acquired a stake in SPML Infra. Kedia Securities bought over 14 lakh shares for approximately Rs 25 crore. SPML Infra is a smallcap infrastructure firm with expertise in power, water, and environment sectors. The company has a strong track record of executing projects across India.
Top Stories | Rupee slips, Reliance Industries results, BMC results, India-EU FTA talks and more
Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm.
RIL Expands Ajio Rush To 420 Pin Codes
Reliance Industries Ltd (RIL) fashion and lifestyle arm Reliance Retail is doubling down on quick deliveries. In the quarter ended…
India’s startup story won’t be derailed by Tiger Global tax verdict; returns matter more than structures, say VCs
Venture capital investors say the Supreme Court’s Tiger Global-Flipkart ruling reinforces the need for commercial substance over tax optimisation, but insist India’s startup funding and exit momentum will remain driven by strong growth prospects and market returns.
Reliance scales quick commerce to 1.6 million daily orders
For comparison, In the quick commerce market during the July–September 2025 quarter (Q2 FY26), Blinkit maintained its lead with approximately 2.4 million to 2.5 million daily orders, while Swiggy Instamart handled about 1.1 million to 1.3 million daily orders.
Sebi approves separate auction session to determine closing stock prices
Sebi is revamping how stock closing prices are determined in India's equity cash market, moving from a 30-minute average to a new 20-minute Closing Auction Session (CAS). This move aims to enhance price discovery and transparency, aligning with global practices. Initially, CAS will apply to derivative-linked stocks, with a phased rollout starting August 3, 2026.
Startups to get special focus under export promotion mission: Goyal
Piyush Goyal said the government is looking to create a separate startup pathway under the Rs 25,060 crore Export Promotion Mission, with plans to include all DPIIT-registered startups in global trade exhibitions.
Global growth outlook: India powers South Asia as world’s fastest-growing region; WEF survey sees momentum intact
India is poised to lead South Asia as the world's fastest-growing region, even as global economists anticipate a slowdown in 2026. Despite trade headwinds, India's resilient fundamentals and AI adoption are driving optimism, with South Asia emerging as a bright spot for growth.
Gaudium IVF, Sillverton Industries among 7 IPOs approved by Sebi
India's capital markets regulator Sebi has approved seven Initial Public Offerings. Companies in manufacturing, chemicals, logistics, healthcare, real estate, engineering, and precious metals can now raise funds. These approvals pave the way for significant investments and expansion plans across diverse industries. Investors can anticipate new opportunities as these firms prepare to go public.
Refunds to all passengers hit by disruptions from December 3-5 processed, IndiGo tells DGCA
Passengers' complaints regarding non-receipt of refunds for "the hundreds of flights cancelled abruptly between December 2-9 by the airline continue pouring in on the social media
RIL Q3 net profit inches up to ₹18,645 crore
Budget 2026: Industries look for predictability, investment push, and targeted support
Industry leaders want Budget 2026 to focus on growth, reforms, fiscal stability, inclusion, and boost manufacturing, fintech, healthcare, and smaller cities.
SAT sets aside Sebi’s order against Bombay Dyeing, Wadia family
Sebi had in 2022 barred 10 entities, including Bombay Dyeing and its promoters Nusli N. Wadia, Ness Wadia and Jehangir Wadia, from accessing the securities market for up to two years and imposed cumulative penalties of ₹15.75 crore.
West Bengal Silicon Valley project to attract Rs 30,000 Cr investment; focus on AI, data centres
IT Secretary Shubhanjan Das outlined Bengal's Rs 30,000 crore Silicon Valley expansion focused on AI and data centres, with 41 companies already allocated land.
CCPA fines Meta, Amazon, Flipkart and other e-commerce firms for illegal walkie-talkie sales
CCPA took suo motu action against 13 e-commerce platforms including Amazon, Flipkart, and JioMart for selling unauthorised walkie-talkies, imposing ₹44 lakh in penalties.