Axis Bank to Invest ₹1,500 Cr
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🗞️ Bharat Electricity Summit 2026: Shaping India’s Power Future
The Bharat Electricity Summit 2026 brought together policymakers and industry leaders to discuss India’s energy future.
The summit focused on innovations and policies to meet growing power demand and sustainability goals.
💬 Expert Take — “India’s energy transition requires collaboration across stakeholders to address both demand and supply-side challenges effectively.”
🗞️ Zero Customs Duty to Transform Nuclear Energy Economics
Dr. Jitendra Singh announced a zero customs duty on nuclear energy equipment, making India’s nuclear power sector more competitive.
The policy change is expected to reduce costs and boost energy security through greater adoption of nuclear power.
🗞️ Axis Bank to Invest ₹1,500 Cr in Consumer Lending
Axis Bank will invest ₹1,500 crore to expand its consumer lending arm.
The move aims to strengthen Axis Bank’s position in the fast-growing retail lending sector and tap into new customer segments.
🗞️ Digital India Enables Wider Access to Services
India’s Digital India program has played a key role in improving access to digital services and creating opportunities in remote areas.
The program continues to foster inclusivity and economic growth through widespread internet adoption.
💬 Expert Take — “Digital India has set the foundation for a transformative digital ecosystem that empowers citizens and businesses alike.”
🗞️ Net Direct Tax MOP Up Up 7.2% on Corporate Inflows
India’s net direct tax collection rose by 7.2%, driven by strong corporate tax inflows.
The increase in tax revenue highlights the strength of India’s corporate sector amid global economic challenges.
🗞️ Cabinet Approves ₹2,585 Cr for Small Hydropower Development
The Cabinet has approved ₹2,585 crore for small hydropower development.
The initiative is aimed at enhancing India’s renewable energy capacity and supporting sustainable power generation.
🗞️ Novus Loyalty IPO Fully Subscribed
The Novus Loyalty IPO was fully subscribed, reflecting strong investor interest.
The IPO is expected to provide Novus Loyalty with funds to expand its loyalty programs and digital services.
📊 Market Update
📉 Sensex: 74,207.24 ▼ 2,496.89 pts (–3.26%)
📉 Nifty 50: 23,002.15 ▼ 775.65 pts (–3.26%)
🪙 Gold (per gram): 24K ₹15,028 ▼ ₹714 | 22K ₹13,775 ▼ ₹655
🥈 Silver (per kg): ₹2,60,000 ▼ ₹5,000