nanika Editor

Billionaire Sajjan Jindal’s automotive venture, JSW Motors, has secured a massive ₹8,000 crore ($826 million) funding line from the State Bank of India (SBI). This major financial backing ensures the company’s ambitious plans for its new energy vehicle business remain firmly on track. According to sources familiar with the matter, the credit facility from India’s largest lender carries a tenor of more than 10 years. A spokesperson for JSW Motors confirmed that the capital will partially fund a greenfield manufacturing facility in Maharashtra. To manage its exposure, SBI may later sell down parts of the loan to other lenders in…

Food and beverages giant PepsiCo India has announced a major investment plan of up to ₹5,700 crore by 2030. The massive capital injection will primarily focus on ramping up the manufacturing capacity of its foods business across the country. Speaking on the initiative, PepsiCo’s India and South Asia CEO, Jagrut Kotecha, emphasized that India remains one of the company's top 13 global markets, offering immense potential driven by rising consumer incomes and a stable economic environment. The planned investment will be directed toward three key manufacturing facilities. These include a strategic concentrates plant in Madhya Pradesh and advanced snacks plants…

In a strategic move to expand its footprint in India’s financial services sector, the TVS Venu Group has agreed to acquire a minority stake of up to 9.9% in Jana Small Finance Bank Limited on a fully diluted basis. The acquisition will be executed through a combination of a primary issuance of warrants and a secondary purchase, subject to all necessary regulatory approvals. As part of the agreement, TVS Motor Company will directly own 4.9% of the equity. The TVS Venu Group, which includes prominent entities like TVS Motor, TVS Credit, and TVS Emerald, clocked a revenue of $6.5 billion…

India’s premier real estate developer, DLF Ltd, has announced a significant capital commitment of ₹21,300 crore to complete its ongoing residential projects. According to the company’s latest investor presentation, this investment will primarily target developments in the Delhi-NCR region, Mumbai, and the Chandigarh tri-city area, reinforcing DLF's position as a dominant force in the Indian property market. The financial breakdown reveals a robust liquidity position for the firm. While the pending cost to finish all launched projects is pegged at ₹21,300 crore, the company is set to receive ₹33,840 crore from customers against property sales. This leaves DLF with a…

In a significant move to bolster India’s digital infrastructure, global technology leader Zoho Corporation has announced a strategic investment of ₹70 crore in the Open Network for Digital Commerce (ONDC). This investment is specifically designed to foster the development of sovereign technology, ensuring that the country’s digital commerce landscape remains inclusive and accessible to all. The Chennai-headquartered firm emphasized that this funding aims to help Micro, Small, and Medium Enterprises (MSMEs) overcome the structural barriers often imposed by traditional, centralized e-commerce platforms. By supporting ONDC, Zoho is championing a shift toward a more democratic digital market where small businesses can…

State Bank of India (SBI), the nation’s largest lender, reported a 5.6% year-on-year increase in its net profit for the fourth quarter ended March 31, 2026. The bank’s profit after tax rose to ₹19,684 crore ($2.08 billion), up from ₹18,643 crore in the corresponding period last year. Despite the growth, the figure fell short of analysts' average expectations, which had projected a net profit of approximately ₹20,312 crore. The bank's Net Interest Income (NII)—the difference between interest earned and interest expended—climbed by 4.1% to reach ₹44,380 crore. While the NII showed a steady increase from the ₹42,617 crore reported a…