PLI Investments Cross $21B
Your daily dose of business news
🗞️ TCS to acquire Coastal Cloud for $700 million
TCS will acquire US-based Salesforce consulting firm Coastal Cloud for $700 million, strengthening its cloud transformation and enterprise solutions portfolio.
🗞️ 1.57 million candidates trained under FutureSkills Prime
More than 15.78 lakh candidates have benefited from the government-backed FutureSkills Prime Programme, aimed at building India’s digital and AI-ready workforce.
🗞️ ADB raises India’s FY26 growth forecast to 7.2 percent
The Asian Development Bank has sharply upgraded India’s FY26 growth projection to 7.2 percent, citing strong domestic demand, robust services output, and improving global conditions.
💬 Expert Take — “India remains one of the most resilient large economies globally with consistent reform-driven momentum.”
🗞️ Government launches world’s largest grain storage initiative
India has rolled out the world’s largest grain storage initiative to enhance storage capacity nationwide, addressing food security and reducing wastage.
🗞️ PLI investments cross $21 billion
Actual investment under the PLI schemes has crossed $21 billion, generating 12.3 lakh jobs and improving India’s manufacturing competitiveness across key sectors.
🗞️ Amazon commits $35 billion investment by 2030
Amazon announced a $35 billion investment in India by 2030 focused on AI innovation, cloud infrastructure, and digital commerce, reinforcing India as a strategic technology hub.
🗞️ Nov equity MF net inflows rise 21 percent
November saw a 21 percent jump in equity mutual fund net inflows, totaling ₹29,000 crore, led by strong SIP participation and mid-cap demand.
🗞️ Axis AMC launches ₹2,000 crore private credit fund
Axis AMC has introduced a ₹2,000 crore private credit fund targeting NBFCs and mid-market enterprises, tapping into rising demand for alternative debt structures.
📊 Market Update
📈 Sensex: 84,818.13 ▲ 426.86 pts (+0.51%)
📈 Nifty 50: 25,898.55 ▲ 140.55 pts (+0.55%)
🪙 Gold (24K per gram): ₹13,075 ▲ ₹44
🥈 Silver (per kg): ₹2,01,000 ▲ ₹2,000