Adani Ports Raises ₹5,000 Cr 💰
Your daily dose of business news
🗞️ Street Vendors to Get Credit Cards, Bigger Loans
The PM SVANidhi scheme is being revamped to offer street vendors higher subsidised loans and UPI-linked credit cards with a limit of ₹30,000. Banks will facilitate these credit cards for vendors who have successfully repaid initial loan tranches.
💬 Expert Take:"This move not only boosts financial inclusion but also encourages digital credit history building for the unbanked segment."— Saurabh Bansal, MSME Policy Analyst
🗞️ Adani Ports Raises ₹5,000 Cr via Long-Term Bonds
Adani Ports successfully issued its largest-ever domestic bond — a ₹5,000 crore, 15-year non-convertible debenture — fully subscribed, reflecting robust investor confidence.
💬 Expert Take: “This kind of long-tenure funding underlines the growing maturity of India’s bond markets.” — Debt Market Analyst, Axis Mutual Fund
🗞️ TCS to Boost Internal Revenue via BSNL, Govt Deals
Under Tata’s One Tata initiative, TCS aims to consolidate internal revenues through public sector clients like BSNL, in a bid to stabilize dollar earnings.
🗞️ Nykaa Pilots Quick Delivery in Metros
Nykaa is entering the quick commerce space with metro-focused rapid delivery. The pilot aims to test ultra-fast beauty product delivery models amid growing demand.
🗞️ Bank of Baroda Launches First 'Phygital' Branch
Bank of Baroda opened its first fully 'phygital' branch in Kolkata, blending digital banking with physical services, aiming for faster, seamless customer experiences.
🗞️ OYO to Rename Parent Amid Premiumisation Push
OYO plans to rebrand its parent entity to reflect a pivot toward premium properties and better align with evolving consumer expectations.
🗞️ FinMin Wants Gold Loan Relief for Small Borrowers
The Finance Ministry has asked RBI to exempt small-ticket gold loans from recent regulatory tightening, aiming to protect low-income borrowers.
🗞️ Ola Electric: From Disruptor to Distress
Once a market leader, Ola Electric now faces financial and operational distress due to slowing sales, increased losses, and mounting investor pressure.
📊 Market Updates :
📉 Sensex: 75,000.00 ▼ -182.00 (-0.24%)
📉 Nifty 50: 24,750.00 ▼ -82.90 (-0.33%)
💵 USD/INR: ₹85.50 ▼ -0.05 (-0.06%)
🛢️ Brent Crude: $66.95 ▼ -0.82 (-1.21%)
🪙 Bitcoin: $108,430 ▼ -0.45%
🪙 Gold (24K): ₹9,731/gram ▼ -₹4,000