fy26

India Business Fuels Turnaround, fy26 Revenue Crosses Rs 11K cr

The Reserve Bank of India has announced a record Rs 2.87 lakh crore dividend payout to the government for fy26, significantly boosting fiscal space amidst global uncertainties. This substantial transfer, a notable increase from previous years, reflects the central bank's robust financial performance and expanding balance sheet. The decision was made at the RBI Central Board's recent meeting.

TNN

India's automobile market surged in FY2025-26, with total vehicle sales reaching nearly 2.83 crore units. Two-wheelers dominated sales, followed by passenger vehicles, commercial vehicles, and three-wheelers. Maharashtra and Uttar Pradesh emerged as top-performing states across multiple segments, highlighting strong regional demand.

Mumbai Port Authority achieved a record 75.15 MMT cargo throughput in fy26, aiming for 80 MMT next. This success, attributed to stakeholders, highlights its significant share in India's major ports and specific cargo segments. Discussions focused on enhancing efficiency, vessel turnaround, and eco-friendly practices to boost maritime trade.

JP Morgan downgraded Tata Steel to neutral citing regulatory cost headwinds in the Netherlands and project delays. Investec maintained a buy on SAIL, impressed by strong Q4fy26 operational performance and positive volume growth outlook. Macquarie retained an underperform rating on Voda Idea, noting a subscriber decline and significant government dues.