India’s Growth at 14-Month High
Your daily dose of business news
🗞️ Adani Launches India’s 1st Off‑Grid Green Hydrogen Plant
Adani Group has commissioned India’s first off-grid green hydrogen pilot facility powered by 100% renewable energy. This pioneering step positions Adani at the forefront of India’s hydrogen ambitions.
💬 Expert Take:
“This is a significant milestone in India’s energy transition. Off-grid green hydrogen opens up decentralized opportunities for heavy industry and transport,”
— Ritika Mehra, Energy Strategist, BrookEdge Consulting
🗞️ India’s Economic Activity Hits 14‑Month High
India’s Purchasing Managers' Index (PMI) for June showed the fastest pace of expansion in over a year, supported by robust manufacturing and resilient services demand.
💬 Expert Take:
“The PMI data confirms a broad-based rebound. It’s a good sign for Q2 GDP growth momentum,”
— Ankit Rathi, Economist, Apex Macro Advisory
🗞️ Malabar to Invest ₹5,000 Cr in Global Expansion
Malabar Gold & Diamonds announced a ₹5,000 crore plan to expand its footprint across India, the Middle East, and Southeast Asia, reinforcing confidence in the luxury retail sector.
🗞️ Blupine Energy Secures ₹2,416 Cr Debt
Blupine Energy has raised ₹2,416 crore for its firm and dispatchable renewable energy (FDRE) project, a model expected to improve round-the-clock power reliability.
🗞️ RBI’s PSL Relaxation to Help Small Finance Banks
The RBI has relaxed Priority Sector Lending (PSL) norms for Small Finance Banks (SFBs), giving them greater flexibility to diversify loan books and reduce asset concentration risks.
🗞️ FM Urges Simplified Tax Compliance
Finance Minister Nirmala Sitharaman emphasized the need for more taxpayer-friendly, transparent and predictable compliance norms to improve India’s business climate.
🗞️ Embassy to Build ₹1,600 Cr Housing Project in Bengaluru
Embassy Group plans to invest ₹1,600 crore in a premium residential project in Bengaluru, further reinforcing the real estate boom in Tier 1 cities.
🗞️ Half of Indians Pay Online Convenience Fees
A LocalCircles survey revealed that 50% of Indian consumers are regularly charged extra while booking tickets or paying bills online, raising concerns over digital transaction transparency.
📊 Market Updates – June 23, 2025
📈 Sensex: 82,662.84 ▲ +131.24 (+0.16%)
📈 Nifty 50: 25,201.60 ▲ +49.25 (+0.20%)
💵 USD/INR: ₹86.47 ▼ −0.08
🛢️ Brent Crude: $76.94 ▶ stable
🪙 Bitcoin: ~$106,430 ▲ +0.9%
🪙 Gold (24K): ₹10,086/gram ▼ −0.02%