India's top IT firms returned a record ₹1.3 trillion to shareholders in FY26 even as AI disruption slowed profit growth and pressured valuations

IT SERVICES, IT SECTOR

Business Standard

Judicial Infrastructure Advisory Committee to prepare roadmap on court facilities, digital systems and tribunal infrastructure amid mounting pendency and staffing gaps

Supreme Court, SC

Court seeks responses on plea seeking telecast of FIFA World Cup 2026 in India, including free-to-air broadcast of key matches through Doordarshan

Delhi High Court

As the model shifts to AI-led transformation, the $300 bn sector will see more M&As, consolidation & layoffs

Artificial Intelligence, IT Service

The commerce ministry is preparing granular plans to boost the utilisation of free trade agreements (FTAs) by Indian industry, including sending 500 delegations abroad, training 1,000 people, and engaging with 1,600 industry chambers, Union Minister Piyush Goyal said on Tuesday.
The commerce and industry minister asked the Indian industry to increase utilisation of these pacts as it will help boost exports and attract investments at a time when the global economy is facing challenges.
"We are making very granular plans on how we can leverage all these FTAs and convert the global crisis into a golden opportunity," he said at the CII annual business summit here.
Since 2021, India has finalised trade deals with Mauritius, the UAE, Australia, Oman, New Zealand, EFTA bloc, UK and the EU.
Goyal said that countries such as Switzerland, the United States and nations in the European Union have much higher per capita incomes and cannot manufacture products at a cost lower than India.
The ..

Piyush Goyal, Piyush

Since 2021, India has finalised trade deals with Mauritius, the UAE, Australia, Oman, New Zealand, EFTA bloc, UK and the EU.

Press Trust of India

Tata Chemicals MD and CEO R Mukundan succeeds Rajiv Memani as CII president, while Suchitra Ella and Shashwat Goenka join as office bearers

Tata Chemicals Managing Director and Chief Executive Officer R Mukundan

Hotel chains and industry bodies expect stronger domestic tourism demand after PM Modi urged citizens to avoid non-essential foreign travel

hotel, travel, travelling

Royal Enfield's move to Andhra Pradesh comes as premium motorcycles, exports, and multi-location manufacturing become bigger priorities for auto makers

Royal Enfield

China is rapidly capturing global electric two-wheeler markets, while India risks missing a major export opportunity despite its dominance in ICE segments

ev, electronic vehicle

India's EV industry sees stronger momentum after Prime Minister Narendra Modi renewed his push for electric mobility amid rising sales and infrastructure growth

Electric vehicle

Toyota Kirloskar Motor on Monday said it will set up a new manufacturing plant in Maharashtra that will start production in the first half of 2029.
While the company did not disclose investments on the new plant, it has been reported in Japanese media that parent Toyota Motor planned to invest about 300 billion yen (USD 1.9 billion) in Maharashtra for capacity expansion in India.
The new vehicle manufacturing plant will be in the Bidkin Industrial Area, Maharashtra, India, Toyota Kirloskar Motor (TKM) said in a statement.
"The new plant is planned to start production in the first half of 2029 and is aimed to strengthen Toyota's business foundation in the Indian market," it added.
The plant will have a production capacity of 1 lakh vehicles per year and is expected to employ around 2,800 people, the company said.
A new model SUV will be rolled out from the plant that would have main processes such as stamping, welding, painting and assembly, it added.
The new plant is a part of ..

Toyota

The new vehicle manufacturing plant will be in the Bidkin Industrial Area, Maharashtra, India, Toyota Kirloskar Motor (TKM) said in a statement

Compared with last year's Budget, the Union Budget 2026-27 builds on the credit framework while moving decisively towards equity funding, market-linked liquidity, and structured compliance support

MSMEs

Banks bid far below the notified amount at the RBI's short-term repo auction as surplus liquidity reduced the need for additional funds

Reserve Bank of India (RBI)

The central bank cited inadequate capital, weak earnings prospects, and regulatory non-compliance while directing the Maharashtra registrar to initiate winding-up proceedings

Reserve Bank of India, RBI

Public sector banks posted record profitability for the fourth straight year in FY26, aided by strong credit growth, improved asset quality, and better operational efficiency

Bank deposit, banks

Public Sector Banks (PSBs) have recorded an all-time high net profit of Rs 1.98 lakh crore in 2025-26 fiscal year, marking the fourth straight year of profitability, the finance ministry said on Tuesday.
Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said.
Aggregate operating profit reached Rs 3.21 lakh crore, while aggregate net profit increased by 11.1 per cent y-o-y to a historic high of Rs 1.98 lakh crore, marking the fourth consecutive year of aggregate profitability for PSBs.
The aggregate business of PSBs increased to Rs 283.3 lakh crore as on March 31, 2026, registering growth of 12.8 per cent over the previous year.
Aggregate deposits rose 10.6 per cent year-on-year to Rs 156.3 lakh crore, reflecting continued depositor confidence and strong resource mobilisation by PSBs.
Gross advances registered growth of 15.7 per cent year-on-year at Rs 127 lakh crore, indicating sustained cr

Improved asset quality, healthy credit expansion and higher income contributed to improved profitability of PSBs during 2025-26, the ministry said

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