Sector News

Bank credit growth rose to a near two-year high of 17.65% in the fortnight ended 31 May, outpacing deposit growth of 12.21% and widening funding pressures on banks.

Lesser-known Indian stocks linked to data centres have added $48 billion in value this year as the global AI infrastructure boom creates major opportunities beyond traditional technology companies.

The government has approved 96 companies under the third round of the Textile PLI scheme, with committed investments of ₹12,823 crore.

India is weighing an extension of duty relief on key pharma inputs beyond June 30 as exports exceed $31 billion. Find out what it means for the sector. Read more.

Meta Platforms has partnered with Reliance Industries to lease 168 MW of AI-ready data centre capacity at Reliance's hyperscale campus in Jamnagar, Gujarat, marking Meta's first large-scale AI data centre in India. Read ahead to know more.

TCS Chairman Chandrasekaran said the company will have as many AI agents as human employees within three years. Annualised AI revenue hit $2.3 billion in Q4FY26, growing at 22% quarterly.

India is exploring Russian coking coal assets and higher nickel imports as it targets 30% EV penetration in cars and 80% in two-wheelers by 2030; SAIL closed at ₹185.99 and NMDC at ₹90.04.

India aims to achieve 50% semiconductor self-reliance by FY35 as domestic manufacturing expands. The chip market is projected to grow beyond $205 billion, supported by the India Semiconductor Mission 2.0.

India has launched E85 fuel at 48 outlets, while InCred Research estimates E85 adoption could boost annual ethanol demand by 21% by FY40.

India's Ministry of Defence has ended Bharat Dynamics Limited's monopoly on tactical missile production, opening the sector to private defence firms under the proposed Defence Acquisition Procedure 2026. Read ahead to know more.

MeitY has selected TCS, NEC India and four other firms as approved AI partners for a two-year period. The empanelment created a pre-approved vendor pool to support AI projects across ministries and government agencies.

India is preparing its biggest-ever military drone purchase, with orders worth over $2 billion expected from domestic manufacturers that can act as a boost for India’s defence companies.