Brewed Up Insights
Short explainers on economic trends, business news, and regulatory decisions, backed by primary sources and charts.
October 2026
of Havells' extra sales in the September quarter came from cables
Havells' cables brought 59% of new sales, 21% of new profit
Havells' sales rose 34.6% in the September quarter, and cables brought 59% of the rise. But cable profit rose 9%, so most of the profit growth came from switchgear.
23 October 2026Read more →deadline for the 50:50 venture, if its conditions are met
Balkrishna makes Pirelli tyres before the 50:50 venture
Balkrishna's 50:50 car tyre venture with Pirelli is due only by December 2030. Until then BKT simply makes Pirelli's tyres at Bhuj, paid raw material at cost plus conversion costs.
23 October 2026Read more →a year: what the 2018 gold bond sold at 2.5% really cost
2018's 2.5% gold bond cost the government 21% a year
The government repays its October 2018 gold bond at ₹14,425 a gram, 4.59x the ₹3,146 it raised. With interest, that is about 21.3% a year, against 7.97% on an ordinary bond sold the same week.
23 October 2026Read more →HPCL's refining margin a barrel, September quarter, a year ago and now
HPCL's refining margin rose 3.7x, yet its profit fell 9%
HPCL's refineries earned US$ 32.15 a barrel against US$ 8.80, yet its quarterly profit fell 9% and it lost ₹8,044 crore over 6 months, held down by what it sells fuel for.
23 October 2026Read more →Growth in India's 9 core industries, September 2026, on a year ago
Electricity drove the core sector's record 7.9%
Core industries grew 7.9% in September 2026, a high for the new series. Electricity and refinery products gave about 73% of it, newly added iron ore about 9%.
22 October 2026Read more →of Vishal Mega Mart's reported EBITDA is rent and stock options
Rent and stock options are 36% of Vishal Mega Mart's EBITDA
Vishal Mega Mart reported ₹412.0 crore of EBITDA for July to September 2026. Count store rent and stock options as costs and it is ₹262.2 crore, up 3.7% while sales grew 14%.
21 October 2026Read more →Mahindra Holidays' tax bill for July to September, a year ago and now
Mahindra Holidays' 17% profit rise came from lower tax
Mahindra Holidays says group profit after tax rose 17% in the September quarter. Profit before tax fell 4%; a ₹4.1 crore smaller tax bill made the difference.
21 October 2026Read more →SBI customer records with personal details, of about 375,000 leaked
3,897 of SBI's 375,000 leaked records held customer details
SBI says about 375,000 of its records surfaced on the dark web; a first look found customers' personal details in 3,897, about 1 in 96. The source is not yet known.
21 October 2026Read more →fines NSE and BSE levied on IRCON over 9 quarters
IRCON fined for missing directors only the government can appoint
NSE and BSE fined IRCON ₹1.67 crore over 9 quarters for seats only the government can fill. NSE has waived the committee fines, but not the board fine.
20 October 2026Read more →of Hindustan Zinc's EBITDA rise came from metal prices and the rupee
Prices, not output, drove Hindustan Zinc's 142% profit jump
Hindustan Zinc's September quarter profit rose 142% while it sold only 8% more metal. Its own bridge credits higher prices and a weaker rupee with 81% of the EBITDA rise.
20 October 2026Read more →profit from telecom products, more than all HFCL segments together
HFCL's telecom products earn more than the whole company
HFCL's profit rose 5.5x. Telecom products made ₹716 crore before interest and tax, more than all 4 segments' ₹600 crore, because turnkey contracts lost ₹123 crore.
20 October 2026Read more →of E2E Networks' operating profit went to depreciation, July to September
Depreciation takes 43% of E2E Networks' operating profit
E2E Networks' 76.6% operating margin leaves out the cost of its GPUs. Depreciation took 43% of that profit, and net profit was 32.5% of revenue.
20 October 2026Read more →advances from customers and others on Omaxe's books, March 2026
Omaxe plans ₹4,000 crore of hotels funded by buyers' money
Omaxe's 10 hotels for Lemon Tree to run will cost about ₹4,000 crore. With its net worth below zero, it plans to pay from sales, not loans.
20 October 2026Read more →InstaHelp's loss on each order, when the average order is ₹114
Urban Company's InstaHelp loses ₹279 on every ₹114 order
InstaHelp lost ₹174 crore in Q2 FY27, more than Urban Company's whole operating loss. Its loss per order fell, but mostly because the orders got smaller.
20 October 2026Read more →DLF's own quarterly pre-tax profit without one-off gains, a year ago and now
Without one-off gains, DLF's own pre-tax profit fell 34%
DLF's September quarter profit rose 10% on a ₹738.71 crore revaluation gain. Take each year's one-off out and its own pre-tax profit fell 34%.
17 October 2026Read more →gold imported in September 2025 and September 2026
Gold imports fell 81% as mutual funds restrict gold funds
India's gold imports fell 81% in September 2026 even as gold got 18% dearer. HDFC and Nippon India have stopped fresh money into gold funds, but ETFs, jewellery and coins stay open.
17 October 2026Read more →NSE expiring index options traded a minute, before and in the auction
SEBI changes expiry-day settlement under its closing auction
From 7 December, options and futures expiring that day settle on the last 30 minutes of normal trading again, not the auction price. The auction stays, from 3:30 to 3:40 pm.
17 October 2026Read more →of Yes Bank AT-1 bonds, written to zero in 2020, revived
Yes Bank's ₹8,415 crore AT-1 bonds return after court ruling
The Supreme Court restored ₹8,415 crore of Yes Bank's AT-1 bonds, written off in its 2020 rescue. The bank's core equity ratio falls from 14.0% to about 11.5%.
17 October 2026Read more →Mauritius's share of India's FDI equity inflows, FY18 and FY26
India's Mauritius tax test leaves pre-2017 share gains alone
India can now refuse Mauritius treaty tax discounts to companies using Mauritius mainly to pay less tax. Pre-2017 share gains keep their exemption; lower dividend and interest rates can be refused.
16 October 2026Read more →Hyundai Motor Group's India plan for 2026 to 2032
Hyundai's $15.5 billion India capex plan
Hyundai Motor Group's $15.5 billion India plan spans several companies and does not say how much Hyundai Motor India will spend; its own plan is ₹45,000 crore by FY30.
16 October 2026Read more →the top IPO price against what Meta and Google paid
Jio Platforms' IPO price is 2.3x what Meta and Google paid
Jio Platforms' top IPO price of ₹1,119 is 2.3x what Meta and Google paid in 2020. All the money goes to the company, and 91% of it prepays loans.
16 October 2026Read more →2026 SME IPOs that would fail SEBI's ₹3 crore profit floor
SEBI proposes major changes in SME IPO rules
SEBI's plan halves the minimum SME IPO bid to ₹1 lakh, drops market making and widens who must list as an SME. Its one tougher rule would have stopped 7 of 122 IPOs in 2026.
16 October 2026Read more →a share: the government's first asking price, then Fairfax's offer
Fairfax wins IDBI Bank after the government cuts its price
Fairfax will buy 60.72% of IDBI Bank for ₹52,878 crore (₹81 a share) after the government's first asking price of ₹94.42 failed. The state and LIC give up control.
16 October 2026Read more →GST tax and penalty First Games owes, before interest
Paytm's gaming arm owes ₹1,407 crore, already written off
A GST order on First Games, a shut Paytm gaming company, is ₹703.66 crore of tax plus an equal penalty. Paytm says its impact is nil because it wrote First Games down to zero earlier.
14 October 2026Read more →what Kae Capital sells Zetwerk shares for, against its cost
Zetwerk's IPO is cheaper than its last private rounds
Zetwerk's IPO price of ₹151 is about 13% below its latest private rounds, yet early investors still make up to 38x, and most of the new money repays loans.
14 October 2026Read more →Wholesale price inflation, August to September 2026
Onion, steel and oil drove September's wholesale price jump
Wholesale price inflation rose to 11.39% in September 2026. Steel, onion and crude oil drove the jump, not diesel or petrol.
14 October 2026Read more →of Sify Infinit Spaces' FY25 revenue came from one unnamed client
Sify Infinit Spaces, a data centre company listing soon
Sify's data centre arm says it has over 500 clients. Its draft prospectus shows one unnamed client paid 46% of FY25 revenue and brought 76% of the year's growth.
14 October 2026Read more →a year saved on cancer drugs if trade margins are capped
NPPA's cancer drug margin cap could save ₹2,500 crore a year
India's drug price regulator plans to cap what the supply chain adds to cancer drug prices at 30% of MRP, saving about ₹2,500 crore a year.
14 October 2026Read more →Ola Electric shares Bhavish Aggarwal pledged on 30 September 2026
Bhavish Aggarwal pledges Ola shares to fund his rights issue
Bhavish Aggarwal pledged 16.3% of his Ola Electric shares to borrow his ₹265 crore share of Ola's rights issue, 9 months after he cleared his last pledge.
14 October 2026Read more →RBI rupee steps is good news for Monday: dollars for the oil firms
A primer on the recent RBI developments
5 steps between 9 and 12 October: tighter bank cash, a squeeze on hedging and dollars for the oil firms. The rupee likely opens stronger, bank shares weaker.
11 October 2026Read more →Tax evaded before a GST criminal case, up from ₹1 crore
GST Council backs no arrests and a 5x higher prosecution bar
The GST Council recommended ending arrest under GST, a prosecution threshold of ₹5 crore instead of ₹1 crore and lower penalties. A few items add tax and paperwork.
11 October 2026Read more →inflation city households expect a year ahead, November 2025 to September 2026
Households expect 10% inflation while the RBI forecasts 5.2%
The RBI's September survey finds city households expect 10% inflation a year ahead, up from 8% in November 2025, while the RBI's own forecast for 2026-27 is 5.2%.
11 October 2026Read more →the RBI has supplied dollars straight to Indian Oil, HPCL and BPCL
RBI opens its 3rd dollar window for state oil companies
From October 12 the RBI will sell dollars straight to Indian Oil, HPCL and BPCL, as it did in 2008 and 2013. This time it is an outright sale, not a swap.
11 October 2026Read more →a company can hedge without showing the bank the exposure behind it
RBI brings back its 2011 ban on rebooking cancelled hedges
The RBI has banned rebooking cancelled rupee hedges, as it last did in December 2011, and cut the no-paperwork hedging limit from $100 million to $5 million.
11 October 2026Read more →of each large dollar-buying hedge must sit as cash at the RBI
RBI puts a 20% cash rule on large dollar hedges
From October 10, banks must keep cash equal to 20% of every dollar-buying hedge above $2 million with the RBI. Exporters selling dollars are not affected.
11 October 2026Read more →India's copper imports, 2015 and 2025
India's copper import bill rose 260% in 10 years
India spent $11.8bn importing copper in 2025, up from $3.3bn in 2015. It makes only about 35% of the refined copper it uses.
11 October 2026Read more →of the world's lead exports come from India
India exports the most lead despite small lead reserves
India sells more lead abroad than any other country, 12.4% of world exports, despite small reserves. More than half the lead it uses comes from recycled batteries.
11 October 2026Read more →Monthly SIP money, March to November 2020
SIP money shrank after the 2020 crash and not during it
Through 4 big Nifty 50 falls since 2020, SIP money kept rising. The only pullback came after the 2020 bottom, and stopping then cost a ₹10,000 SIP up to ₹1.19 lakh.
11 October 2026Read more →of Indian workers who travel to work go by two-wheeler
Two-wheelers carry 42.6% of workers, buses and trains 9%
India's first national travel survey finds 42.6% of workers commute by two-wheeler and only 9% by bus or train.
9 October 2026Read more →the APM gas formula price for October 2026, above the $9.89 deepwater limit
ONGC's APM gas outprices deepwater gas on paper
Since April 2026 the formula for APM gas from ONGC's old fields has often topped the limit for deepwater gas: $11.22 against $9.89 in October. ONGC is paid only $7.00.
9 October 2026Read more →of what SoftBank's fund paid, returned at AceVector's IPO price
SoftBank's AceVector bet lost 92% of its value on IPO
AceVector's IPO paid every seller ₹32 a share. SoftBank's Starfish had paid ₹382.40, so it got back just 8%; an early investor got 5.4 times his cost.
9 October 2026Read more →rise in Sadhna Broadcast's share price, 4 March to 12 August 2022
False YouTube tips sent Sadhna Broadcast up 19x, then down
False YouTube tips sent Sadhna Broadcast up 19x in 2022 while people linked to its promoters sold. SEBI is still collecting from 5 of them.
9 October 2026Read more →Prime Focus closing price on NSE, 6 and 7 October
Prime Focus fell 9.5% on a tax search, back up the same day
Prime Focus shares fell 9.5% after an income tax search on 7 October, then won back about 2/3 of the fall by the close.
9 October 2026Read more →Deadline for the 2 account aggregator changes
Your bank deposits can now show up in your demat statement
Any account aggregator will soon reach every bank and fund house, and your demat statement can show your bank deposits, by December 31, 2026.
7 October 2026Read more →RBI's real GDP growth forecast for 2026-27, in August and now
RBI raises India's 2026-27 growth forecast to 7.1%
The RBI raised its 2026-27 growth forecast by 40 bps to 7.1%, mostly on April to September; its forecast for April to June 2027 went down.
7 October 2026Read more →RBI's CPI inflation forecast for 2026-27, in August and now
RBI expects inflation near 6% for the next 3 quarters
The RBI raised its 2026-27 inflation forecast to 5.2% from 5.0%, but the next 3 quarters average almost 5.8%, just under the 6% limit.
7 October 2026Read more →RBI policy repo rate, before and after 7 October 2026
Overnight loans could cost more than the 25 bps hike
The RBI raised the repo rate 25 bps to 5.50%. With the call rate 14 bps below repo, overnight money could get dearer than the hike suggests.
7 October 2026Read more →Government commitment to the new SME Growth Fund
Cabinet clears ₹10,000 crore to back growing SMEs
The Union Cabinet cleared a ₹10,000 crore SME Growth Fund and a national transport planner. A similar 2021 fund has invested 31% of its target.
6 October 2026Read more →ISM's US factory prices index, August to September 2026
US factory prices jumped again in September
ISM's US factory prices index jumped from 71.1 to 77.9 in September 2026, while the factory and services PMIs barely moved.
6 October 2026Read more →India's forex reserves, the week to September 25, 2026
India's forex reserves fell US$ 18.3 billion in a week
India's forex reserves fell US$ 18.3 billion in a week, mostly foreign currency, while bank deposits and loans grew 17% to 18% on a year.
6 October 2026Read more →of S.K. Offset's IPO shares, held by SMC's group after listing
How a market maker ended up with 89% of S.K. Offset's IPO
SMC's subsidiary was S.K. Offset's biggest anchor investor, SMC was its market maker, and SMC bought 97% of the shares traded on listing day.
6 October 2026Read more →of a payments bank that institutions can hold under one RBI approval
RBI makes it easier to build stakes in payments banks
Mutual funds, insurers and pension funds can now rebuild a stake of up to 10% in a payments bank under one RBI approval, without applying again each time.
2 October 2026Read more →India's foreign exchange reserves on September 18, 2026
India's forex reserves reached US$ 765.9 billion
India's forex reserves reached US$ 765.9 billion on September 18, 2026, helped by US$ 133 billion of NRI deposits that banks raised through an RBI swap window.
2 October 2026Read more →Cost of private firms' new project plans, 2024-25 to 2025-26
Private firms filed ₹5.6 lakh crore of project plans in FY26
The RBI counted 1,839 private projects worth ₹5.6 lakh crore in 2025-26, up from ₹5.0 lakh crore, with power, Maharashtra and Gujarat taking the biggest shares.
2 October 2026Read more →September 2026
raised from 5,208 investors through Growpital's unlicensed farming LLPs
Growpital's fake jeera crop helped hide a ₹193 crore fraud
SEBI found Growpital raised ₹192.88 crore from 5,208 investors through unlicensed farming LLPs, fabricating revenues including ₹61.68 crore from a jeera plot worth at most ₹30 lakh, while 2 conduits settled for ₹40.56 lakh each.
30 September 2026Read more →services sub-sectors that grew in July 2026 on a year earlier
India can now track services every month
MoSPI's new Index of Services Production tracks 19 service sub-sectors every month. In July 2026, 17 of them grew on a year earlier.
30 September 2026Read more →Gautam Adani, 13 other directors and 4 companies settled for this first
SEBI could not prove the Adani public shareholding charge
SEBI found no proof that Vinod Adani controlled 2 foreign funds holding Adani shares. The companies had already settled for ₹1.48 crore, and 2 people were fined ₹20 lakh each.
30 September 2026Read more →weeks Hindustan Copper, Hindalco and NALCO moved the same way as copper
Metal stocks track copper, but copper buyers' stocks do not
Hindustan Copper, Hindalco and NALCO moved the same way as copper in about 2 of every 3 weeks. Appliance makers, which buy copper, did so about half the time.
29 September 2026Read more →The 10 year minus 3 month US yield today; below 0 means inverted
What the US yield curve has signalled since 1962
From 2022 to 2025, short US loans paid more than long ones. That has usually meant a recession. None has come yet.
29 September 2026Read more →lent for every ₹100 of new deposits, September 2021 to March 2026
Banks lent ₹102 for every ₹100 of new deposits
Loans have outrun deposits since FY2023. An RBI Bulletin article says that is not a warning sign: capital, borrowing and fewer bonds filled the gap.
28 September 2026Read more →The Beige Book tone score below which US recession odds rose sharply
From the secret Red Book to the Beige Book
The Beige Book is what US businesses tell the Fed before each rate meeting. A Fed paper finds its tone flags recessions better than the yield curve.
28 September 2026Read more →The most the first blue bond can raise, on a ₹100 crore base
India's first blue bond is for ports and coastal roads
Sagarmala Finance took bids for India's first blue bond: up to ₹600 crore for 10 years, for ports and coastal roads. Only ₹100 crore is the base issue.
28 September 2026Read more →of gold receipts traded on 25 September, against ₹568.67 crore in gold ETFs
NSE brings in Augmont to wake up its gold receipts
NSE made an Augmont company a partner to promote its gold receipts. On 25 September they traded ₹1.88 crore, against ₹568.67 crore in gold ETFs.
28 September 2026Read more →Average occupancy universities promise Elevate; they pay any shortfall
Universities carry the risk in Elevate Campuses' hostels
Elevate Campuses buys a university's hostels for 50 to 60 years. The university promises they stay about 83% full, pays any shortfall, and can be made to buy them back.
28 September 2026Read more →RBI's fine on Hero FinCorp, about 17 paise per ₹1 lakh it lent
RBI fines Hero FinCorp 6 days before IPO approval lapses
The RBI fined Hero FinCorp ₹10 lakh for charging some borrowers too much interest. The fine is small. The deadline for its IPO, 30 September, is the bigger problem.
25 September 2026Read more →Growth in pay to banks and other sellers, FY23 to FY25; premium grew 28%
Takeaways from the IRDAI paper that sank insurance stocks
IRDAI wants to cap what insurers pay the people who sell their policies, and shrink their spending limit every year from FY28. Sellers were hit hardest; the cheapest insurers to run barely moved.
25 September 2026Read more →The example factory's real growth: old method, then double deflation
What double deflation is, and why real GDP needs it
A factory that made 10% more can show value added down 45% when its material costs rise faster than its prices. Double deflation fixes both prices and gets the real 10%.
25 September 2026Read more →Whirlpool of India's one-day rise, to ₹865.25, the most allowed
Whirlpool rose 20% on news its promoter may sell everything
Both earlier sales went onto the open market and pushed the share down. One buyer taking the whole 39.76% would end the selling instead.
23 September 2026Read more →small businesses the yearly ASUSE survey visits, after a bigger sample
The cash economy is now measured by a survey each year
The new GDP series builds the cash economy figure from the Annual Survey of Unincorporated Sector Enterprises (ASUSE), a survey that visited 6,70,289 businesses in 2025 to stand for 7.92 crore, about 1 in 118.
23 September 2026Read more →listed from 1 January to 21 September, raising ₹1,12,941 crore
India's IPO year so far: 228 listings, ₹1.13 lakh crore
228 IPOs raised ₹1,12,941 crore between 1 January and 21 September 2026. 78% of the money came in the last 3 months, and finance alone took a third of it.
23 September 2026Read more →listed SEMICON names that make or design chips: CG Power, Kaynes, MosChip
Only 3 SEMICON India stocks make or design chips themselves
SEMICON India 2026 lifted chip stocks for a day, but only CG Power, Kaynes Technology and MosChip make or design chips themselves.
23 September 2026Read more →rupees sent abroad went through Bharat Connect forex
Bharat Connect forex carries 1 rupee in 6,000 sent abroad
The RBI added 5 currencies to forex on Bharat Connect, a service that handled ₹11.19 crore in 4 months while Indians sent $7.23 billion abroad in 3.
21 September 2026Read more →165 of 224 FOMC, BoJ and RBI meetings left rates unchanged
Of 224 central bank meetings, 165 left rates unchanged
The Fed, the RBI and the Bank of Japan met 224 times in 10 years. 74% of those meetings left interest rates exactly where they were.
20 September 2026Read more →of America's leading economic index is linked to manufacturing
The Fed raised rates, then America's leading index slipped
The Fed raised rates even though it said the US economy was doing well. 2 days later the Leading Economic Index fell again and warned that the economy could be heading into a less certain period.
20 September 2026Read more →to enforce a contract in India's courts, nearly 4 years
The curious case of funding "cases"
Five Rivers is raising a $25-50 million fund to finance lawsuits, the first SEBI-registered fund set up for this. The returns sound too good to be true, and India's slow courts are why they exist.
19 September 2026Read more →India's GDP growth in April to June 2026, which a critic put at 2.6%
The big blind spots in GDP numbers
Industry data says the 7.8% is real. Services, more than half the economy, is the part nobody can count, and the GST cut may be flattering the number.
19 September 2026Read more →of Kore Digital's FY25 and FY26 revenue that SEBI says looks misstated
SEBI flags ₹541.3 crore of Kore Digital revenue as misstated
SEBI's interim order says ₹541.3 crore of Kore Digital's FY25 and FY26 revenue was prima facie misstated, mostly through three recently incorporated subsidiaries.
18 September 2026Read more →How 2 brothers owned Great White; EAAA funds help buy one out
How an ownership problem becomes a "special situation"
Great White Global made ₹101 crore of profit in FY25. A 50:50 fight between the two brothers who owned it, not the business, is what brought in Edelweiss's special-situations funds.
18 September 2026Read more →of crude imports India's strategic reserves could cover
Replacing Saudi crude is easy, replacing the discount is not
Saudi Aramco has reportedly stopped selling crude to Indian refiners. India can find the barrels, but not at the old price, and the reserve covers about five days.
17 September 2026Read more →Wholesale inflation in August, against 4.82% for consumer prices
Fuel price controls are why WPI has run ahead of CPI
WPI rose 9.92% in August against CPI's 4.82%. The oil companies and the government are carrying the gap, not consumers.
16 September 2026Read more →of Tata Sons is owned by 7 Tata trusts
RBI rejects Tata Sons' bid to avoid a stock market listing
The RBI has refused to let Tata Sons escape the NBFC rules, so the unlisted Tata holding company may finally have to list.
16 September 2026Read more →Female employment in villages
Key takeaways from the August 2026 PLFS Bulletin
Three takeaways from the August jobs survey: village women drove the gains, urban unemployment barely moved, and the new rural job guarantee is invisible in the numbers.
16 September 2026Read more →of Chennai Port's ₹2,383 crore purchase of Kamarajar was borrowed
Kamarajar Port’s IPO helps repay the loan that bought it
Kamarajar Port's ₹1,200 crore IPO is a pure sale by Chennai Port, which borrowed 74.5% of the price when it bought the port from the Centre in 2020.
15 September 2026Read more →of ARCIL's bad-loan receipts since 2002 that have been paid back
Four questions to ask of ARCIL after its 20x IPO
ARCIL's IPO was subscribed 20.1x but raised nothing for the company. Recovery, book age, cash profit and its own stake are what to check.
14 September 2026Read more →of goods sold through Shopify in Q2 2026, up 32%
Apple’s new Siri could favour marketplaces over small stores
AI shopping agents run on clean product data that marketplaces already hold in one place, and Shopify is racing to give small stores the same.
14 September 2026Read more →of KEI's sales come from house and winding wires
UltraTech’s wires push lands harder on KEI than Polycab
UltraTech bought a distribution moat, not a cables moat, so the fight is in shop-sold house wires, where KEI has more to lose than Polycab.
14 September 2026Read more →of the world's ships are built in India
Svitzer orders eight tugs from Indian yards in eight months
India builds 0.06% of the world's ships, yet Svitzer ordered eight tugs from Indian yards in eight months, helped by a subsidy and green port rules.
14 September 2026Read more →Infra.Market's size against Shalimar Paints, the listed company it is using
Infra.Market uses Shalimar Paints, 36 times smaller, to list
Infra.Market is skipping its ₹5,000 crore IPO and reaching the market through Shalimar Paints, a listed company about 36 times smaller than itself.
13 September 2026Read more →raised through tokenised bonds, settled in the digital rupee
Tokenised bonds raise ₹1,025 crore, settled in digital rupee
Three issuers raised ₹1,025 crore in tokenised corporate bonds settled against RBI's digital rupee, a tiny sum that hints at faster settlement and wider access.
13 September 2026Read more →of foreign loans in July; about half was refinancing and on-lending
Half of July’s foreign loans were balance-sheet housekeeping
India lined up $7.7bn in offshore loans in July, but half of it was refinancing and on-lending, and some of it is headed abroad to buy assets.
11 September 2026Read more →of revenue kept by Chalet Hotels and by Kimbell Royalty Partners
Chalet’s hotels last decades. Kimbell’s oil wells don’t.
Chalet Hotels and Kimbell Royalty Partners both own the asset and let someone else do the work, but only one of them is racing its own decline.
10 September 2026Read more →Up to ₹135 crore paid for about ₹19 crore of revenue
RPG Life Sciences buys an approved plant before US tariffs
RPG Life Sciences agreed to pay about 7x sales for an approved API plant, because in pharma the approval takes years and the US tariff clock is already running.
9 September 2026Read more →NBFC credit growth, a year ago and now
Gold and home loans are driving NBFC growth
In NBFC lending, gold and housing are picking up, trade and transport are slowing down, and commercial real estate is riding the wave.
8 September 2026Read more →