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Avaada Group plans to invest Rs 10,000 crore to develop a 300-acre green industrial campus in Hisar, Haryana. The project aims to help industries meet global carbon requirements and should create more than 5,000 jobs. "We are pleased to partner with the Government of Haryana," said Chairman Vineet Mittal.
Industrial power tariffs in parts of West Bengal will rise from September 1. WBSEDCL said the hike is limited to the DVC command area. Sumit Mukherjee said, "Even after the proposed increase, our tariff will remain Re 1 per unit lower than that of DVC." Rates remain competitive for many industries.
SBI Gold Fund topped the three-year SIP return chart at 44.11%, followed by Axis Gold Fund at 43.84%. Many equity funds delivered around 20-21% in the same period. However, one-year data showed a shift, as Bank of India Small Cap Fund led at 50.13% and ITI Small Cap Fund at 42.06%.
The Oil Ministry is creating a year-wise roadmap for drilling and rig deployment under the $8.8 billion Samudra Manthan scheme. Oil Minister Hardeep Singh Puri said, "The progress in the implementation of the Samudra Manthan Scheme was discussed." This plan aims to boost oil production across several Indian basins.
India aims for a $55 trillion economy by 2047 through AI, manufacturing, and foreign investment. Chief Economic Adviser Krishnamurthy V Subramanian said, "Building a USD 55 trillion Viksit Bharat by 2047 is an achievable reality." The plan uses India’s young talent and sunrise sectors to drive growth and build national strength.
Defence Minister Rajnath Singh approved the transfer of DRDO-developed missile technologies to Indian companies on Tuesday. This move aims to boost domestic production and reduce import dependence. By involving local firms and MSMEs, the government wants to strengthen the defence supply chain and help India become self-reliant in manufacturing weapons.
The RBI set a ₹1,000 crore asset threshold for NBFC registration, according to an RSM India Newsflash dated August 19, 2026. Firms below this limit can now escape registration if they avoid public funds and customer interfaces. Eligible companies must apply for deregistration by the December 31, 2026 deadline.
Coal India plans a ₹1 trillion investment to boost coal evacuation and gasification by FY30. The firm aims to produce 1 billion tonnes of coal annually. Sairam said, “We absorbed the entire increase without passing it on through higher coal prices.” These projects will help reduce reliance on road transport.
India’s steel industry expects a volume-led recovery in the second half of FY27. Yes Securities said strong domestic demand and lower input costs will drive this growth. "H2FY27 recovery to be led by volumes and lower input costs," the report noted. Producers also benefit from expansion projects and cost optimisation.
State Bank of India expects to mobilise $9-10 billion from NRIs and foreign investors by August 31. Chairman C S Setty said, “In aggregate, we must be reaching the USD 10 billion mark.” The RBI advanced the closure of this swap window, which saw strong inflows from across the world.
ICICI Securities issued a hold rating for The Ramco Cements with a target price of Rs 942. The company informed exchanges about the cessation of Mineral Bearing Land Tax in Tamil Nadu from 22nd Aug'26. Analysts said, "We see limited scope to revise upward our earnings as well as valuation multiples."