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Reliance Industries officials met West Bengal Chief Minister Suvendu Adhikari on Wednesday to discuss fresh investments and project expansion. The talks covered six areas, including data centres, AI cloud services, and a food park. Work on a data centre already started at the Silicon Valley Hub in Rajarhat for the state.
India Inc's credit quality remained resilient in the first half of FY27 despite global tensions and supply chain issues. Crisil Ratings said, "These strengths, operational adaptability and robust balance sheets, have been reinforced by strong domestic demand." Upgrades outpaced downgrades as companies used healthy balance sheets to manage rising costs.
KPI Green will buy 508 MW wind assets for Rs 2,410 crore. This deal takes the company’s total capacity to 1.6 GW. CFO Kapil Kriplani said, "We got the deal at a very reasonable valuation." The transaction should close by February 28, 2027, helping the firm reach its long-term growth goals.
Net claims of non-residents on India rose to USD 220.3 billion in June 2026, the RBI said. This increase of USD 16.5 billion happened because external liabilities grew while international assets fell. The central bank noted, "The ratio of India's international assets to international liabilities moderated to 84.6 per cent."
Rajshree Jhawar of ArthaSarathi says founders should prepare their finances before starting a business. She advises, "Your business needs money, but your family needs financial security, too." Divide your savings into three parts: family safety, long-term goals, and startup funds. Always test your product idea before spending your hard-earned money.
Stock trading and investment scams caused 60 per cent of cybercrime losses in Telangana. Shikha Goel said, “People get trapped because of their fear, greed and ignorance.” Fraudsters now use sophisticated networks based outside India. Authorities recovered ₹455 crore over the last two years, but these organised crimes remain a challenge.
Bank credit to industry grew 18.2% in August, according to Reserve Bank of India data released on Wednesday. This jump is much higher than the 7% growth seen last year. Lending to services and agriculture also got a big boost. The RBI said, "Micro and small industries sustained steady expansion."
Three brothers pooled $1,000 to start an English muffin side hustle in 2014. Cam, Kyle, and Nick Meekins used the money for a mixer and flour in Kyle’s apartment. The business got its first $100,000 month in its second year and eventually grew into a successful eight-figure company today.
The Union Cabinet approved a Rs 1.86 lakh crore electricity grid upgrade scheme on Wednesday. This plan aims to evacuate 135 GW of renewable energy and add 50 GWh of battery storage. Ashwini Vaishnaw said, "The grid has to be designed to take the load of that variation." It helps India.
Bank credit grew 19.1 per cent in August 2026, driven by a strong rise in industrial and service sector lending. Credit to industry grew 18.2 per cent, while services jumped 24.3 per cent. Meanwhile, gold loan growth fell to 83.2 per cent, showing that the recent lending surge is now cooling down.
OZU started in 2021 in Navi Mumbai to fix payment delays in India’s B2B economy. The platform uses WhatsApp to link deliveries with instant payments. Founder Parmvir Maniktala said, "IDFC FIRST Bank is not just our banker, it is the foundation our core product stands on." It builds trust for traders.
The Institute of Chartered Accountants of India increased tax audit scrutiny tenfold, selecting 1,000 companies for review for assessment year 2024-25. ICAI president Prasanna Kumar D. said the increase is aimed at "improving compliance and expanding the coverage of tax audit quality checks." The board now reviews reports across eight sectors.