Business

New Delhi, July 2026 : HDFC Bank on Wednesday announced the appointment of former Finance Secretary and former Chief Election Commissioner Rajiv Kumar as its Part-Time Chairman after receiving approval from the Reserve Bank of India (RBI). Kumar will serve a three-year term beginning July 15, 2026, bringing decades of experience in public administration, financial sector reforms and governance to the country’s largest private sector bank. The appointment was approved by the RBI under Section 10B(1A)(i) of the Banking Regulation…

Mumbai, July 2026 : Adani Airport Holdings Limited (AAHL) has announced that its digital consumer platform, Adani One, has crossed the milestone of five million members within just 10 months of launching Adani Rewards, one of India’s first integrated airport loyalty programmes. The achievement highlights the growing popularity of digital-first airport services and the increasing adoption of rewards-based travel experiences among passengers. The Adani Rewards programme is currently available across all eight airports managed by AAHL in seven states, enabling…

The Ethanol Blended Petrol (EBP) Programme is one of India’s key energy initiatives. It aims at improving energy security, supporting farmers, and reducing environmental impact through greater use of domestically produced renewable fuel. The Ministry of Petroleum and Natural Gas issued a detailed clarification on the programme through a press release on June 23, 2026, addressing various concerns. Automobile manufacturers also issued their own clarifications during a press conference held on July 4, 2026. Despite clarifications, certain concerns have continued to be…

New Delhi, July 2026 : Sugar prices have witnessed a sharp increase across India over the past few weeks, driven by concerns over the impact of below-normal rainfall on sugarcane production and a steady improvement in market demand. Industry data shows that sugar prices rose by nearly 6-7 per cent during June, with traders and market analysts attributing the surge to supply concerns and expectations of tighter availability in the coming months. According to industry experts, uncertainty surrounding the progress…

New Delhi, July 2026 : The Central government is considering removing the existing 2.5 per cent import duty on aluminium scrap in a move aimed at strengthening India’s downstream aluminium industry and reducing input costs for domestic manufacturers. According to a Moneycontrol report citing sources, the Ministry of Mines’ Joint Working Group is likely to recommend abolishing the import duty after broad consensus emerged on the proposal. The recommendation is expected to be sent to the Ministry of Finance later…

New Delhi, July 2026 : Tata Motors has announced an ambitious five-year strategy to significantly strengthen its position in India’s passenger vehicle market, targeting annual sales of more than 1.2 million units by FY30. Backed by an investment of nearly ₹40,000 crore in products and manufacturing, the company also aims to capture a 20 per cent market share and generate passenger vehicle revenues of ₹1.4 lakh crore. Speaking at Tata Motors’ 81st Annual General Meeting (AGM), Chairman Natarajan Chandrasekaran outlined…

Ahmedabad, July 2026: Kutch Copper Limited (KCL), a subsidiary of Adani Enterprises Ltd (AEL), has earned London Metal Exchange (LME) certification for ‘Adani Copper’. Approval by the world centre for the trading of industrial metals validates KCL’s manufacturing excellence and responsible sourcing practices against strict global benchmarks, enabling Adani Copper cathodes to be delivered with warrants eligible for issuance against LME Copper futures contracts from July 10, 2026. For the Adani Group, LME listing of Adani Copper as a Good…

Policy Evolution, Key Milestones and Frequently Raised Concerns Overview of the Ethanol Blended Petrol (EBP) Programme Ethanol Blended Petrol (EBP) Programme has emerged as a key pillar of India’s energy transition and biofuel strategy. It aims to improve energy security, support farmers, and reduce environmental impacts. The programme also promotes greater use of domestically produced renewable fuel. Under the EBP Programme, ethanol blending has increased from less than 1.5 percent in 2013-14 to 20 percent in 2025-26. India achieved the 20 percent…

Addressing the 17th Toy Biz International B2B Exhibition 2026, organised by the Toy Association of India (TAI) in New Delhi, today the Union Minister of Commerce and Industry, Shri Piyush Goyal, highlighted the remarkable progress made by the Indian toy industry in recent years through sustained policy support and industry-led innovation. The Minister assured the industry that the Government would establish modern testing facilities across toy manufacturing clusters in the country through the Bureau of Indian Standards (BIS), National Test…

Gurugram, July 2026: Reinforcing its commitment to strengthening education infrastructure through Corporate Social Responsibility (CSR), REC Limited has sanctioned ₹4.22 crore for the project, “Establishing 100 Smart Classrooms in 100 Government Schools in the Lakhimpur and Kaziranga regions of Assam.” The initiative aims to enhance the quality of education by integrating digital learning solutions into government schools and creating an engaging, technology-enabled learning environment for students. A Memorandum of Agreement (MoA) for the project was signed on July 2, 2026, at REC Limited’s Corporate…