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The government on Monday approved Rs 7,877 crore of investments under the Electronic Component Manufacturing Scheme. These 31 new projects will manufacture 30 products across 10 states. This move targets production worth Rs 82,243 crore and will employ 9,588 people. As many as 38 projects have already started their operations.
Rezolv raised $12.5 million in a funding round led by Norwest to expand its credit services. The Mumbai-based startup, founded in 2024 by former Kissht cofounders, saw its valuation rise fourfold. Mehta said Rezolv had reached an annualised revenue run rate of about Rs 30 crore by March this year.
The potential return of the merchant discount rate on UPI could reduce profits for both mid-size online merchants and payment aggregators. Industry executives said the fee businesses pay to process digital transactions might create a shared burden. This pressure could squeeze margins for many small businesses and payment gateway firms.
The RBI’s revised responsible-business directions, effective January 1, 2027, require banks to assess if financial products suit customers. Experts suggest an Investor KYC, or IKYC, to build an investor-risk layer on top of existing infrastructure. This system would help banks, AMCs, and insurance companies protect people from potential mis-selling risks.
The rupee slide is hurting India’s semiconductor mission by cutting the dollar value of subsidies. When the government announced ₹76,000 crore in 2021, it was worth $10 billion, but now it is much less. An executive said, "All the capital equipment has to be purchased in foreign currency."
Union Minister Piyush Goyal met Nippon Life India AMC CEO Sundeep Sikka on Monday to discuss scaling up retail investment. They explored ways to attract global capital into Indian markets. Goyal also met Check Point Software’s CEO to discuss cybersecurity and pushed for faster implementation of various industrial corridor projects.
Aegis Logistics is in advanced talks to acquire UAE-based Tristar for $1.5 billion. The Mumbai-based firm started discussions with lenders to finance this major deal. Tristar operates across many countries, which helps Aegis expand its oil and gas footprint. This move shows how companies use consolidation to grow their business.
Disruptions in the Strait of Hormuz show that global trade relies on more than just oil and gas. These events expose hidden strategic dependencies in semiconductor manufacturing and advanced technology. Firms now face a challenge as they must look beyond simple supply chains to identify risks deep within their production networks.
Navi’s consolidated net loss widened nearly fourfold to Rs 466 crore in FY26. The company increased spending on UPI and newer businesses to build revenue beyond lending. Despite this, revenue from operations rose 16% to Rs 2,982 crore. Navi now expects to turn in profits in the next financial year.
Markets extended their losing streak for a fifth consecutive session on Monday. Airtel Payments Bank appointed Shabnam Sinha as its new chairperson. Paytm will see a share sale on Tuesday, while SpiceJet settled bankruptcy petitions. ONGC got a US license to resume operations in Venezuela amid weak global market cues.
India is planning new support for the nutraceuticals market, which could grow to $57 billion by 2030. Officials said they are reviewing the current food processing incentive scheme to build a better framework. Sanjeev Asthana of Patanjali Foods said, “A focused policy framework can accelerate domestic manufacturing and attract investments.”
BKJ Airports launched GroundSafe on August 17, 2026, to improve ground safety through a new QR code-based reporting platform. The company also introduced three safety manuals to set standard procedures across its network. Currently operating at 17 airports, the firm plans to reach 100 airport contracts by the year 2035.