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Indian Metals and Ferro Alloys plans to raise ore output to 12 lakh tonnes annually with ₹1,200 cr investment. The company recently acquired a Tata Steel unit in Odisha and will soon commission a new furnace. Managing Director Subhrakant Panda said, "We plan to double our chrome ore mining production."
De Beers’ Forevermark is expanding its retail presence in India as lab-grown diamonds impact its core mining business. The company saw its rough-diamond price index fall 20% in 2024. Yarabolu said, “We are a jewellery company that is using diamonds as a medium.” The brand now targets younger, modern consumers.
China’s Anhui Korrun said a fund invested 2.90 billion yuan for a stake in DeepSeek, implying a valuation of $51.82 billion. This stock-exchange filing showed rare public evidence about the startup’s maiden external fundraising. The low-profile company has never publicly announced or detailed these financial figures until this recent report.
The Reserve Bank of India introduced a new framework for banks to manage immovable assets taken from loan defaulters. These rules start from October 1, 2026. The RBI said it was necessary to prescribe prudential norms because banks are not in the business of owning or managing real estate assets.
The Public Company Accounting Oversight Board will hold a public meeting on July 20, 2026, to consider a proposed strategic plan for 2026-2030. The board got feedback from 71 comment letters. SEC Chief Accountant Kurt Hohl said, “We’re working very closely with the PCAOB staff to coordinate standard-setting activities.”
JSW MG Motor India is investing ₹1,400 crore in its Halol plant to boost production capacity. The company plans to launch four new vehicles this fiscal year. Managing Director Anurag Mehrotra said, “We will be launching a battery electric vehicle and a plug-in hybrid vehicle shortly” to drive future growth.
RMZ plans to sell office condos worth ₹6,500 crore to family offices. Managing director Sidharth Menda said, “We have seen demand from family offices wanting to invest in a real estate opportunity that gives them annuity income.” The firm targets large investors by offering entire floors in premium commercial buildings.
A ₹50 lakh investment in mutual funds will not grow into ₹5 crore in 15 years. At a 12% annual return, the corpus reaches only ₹2.74 crore. Experts said, "Setting realistic expectations is crucial." Investors might need a longer period or higher returns to reach such an ambitious financial goal.
Ather Energy’s Rs 1,300-crore qualified institutional placement got subscribed more than eight times. The issue, which opened on Wednesday, attracted bids worth over Rs 10,000 crore from many domestic and foreign investors. The company plans to use these funds to expand production capacity and develop its upcoming mass-market scooter platform.
HCLTech said it will acquire Guardian India Operations for $10.5 million in an all-cash deal. The acquisition is expected to close on August 1. Around 2,000 employees will transition to HCLTech. The firm also signed a fresh seven-year technology services agreement to support the insurer’s operations and artificial intelligence capabilities.
Sterling and Wilson Renewable Energy reported a 38 percent profit rise to Rs 53.27 crore for the June quarter. While total income fell, the company cut expenses and reached a record order value of Rs 13,000 crore. CEO Chandra Kishore Thakur said, "The growing order book is a testimony."
Project INROAD completed 1,79,376 hectares of new natural rubber plantations in North East India between FY 2021-22 and FY 2025-26. Funded by four tyre companies, the initiative helped over 2 lakh beneficiaries. Mohan Kurian said, "Nearly 90% of the ambitious target of 2 lakh hectares has been achieved under Project INROAD."