Vedanta Ltd., the Indian resources conglomerate controlled by billionaire Anil Agarwal, plans to raise at least ₹1,000 crore ($105 million) through local-currency bonds in the next few weeks, according to people familiar with the matter, as more companies tap the debt market amid signals interest rates may rise.

India's electric vehicle (EV) market is expected to grow to Rs 20 trillion by 2030, with the potential to create 50 million jobs, Union Minister Nitin Gadkari said on Wednesday.

Addressing a summit organised by the CII-ITC Centre of Excellence for Sustainable Development, Gadkari said that currently 57 lakh electric vehicles are registered in India, with 7 per cent market penetration.

Tata Power share price came under pressure, falling over 4 per cent on Thursday after the company lost its challenge to a $490 million arbitration award against Kleros Capital Partners concerning a proposed bid for a coal asset in Russia.

As of 10:21 AM, the company’s share price was trading 3.98 per cent lower at ₹349 apiece; meanwhile, Nifty 50 was trading 0.07 per cent lower at 24,188.75. Intraday, the stock fell 4.3 per cent to ₹348.20.

India’s central bank is intensifying efforts to support the rupee, emboldened by a jump in its foreign-exchange reserves to contest the pressure from higher oil prices.

The Reserve Bank of India has decided to shift to a more constant pattern of intervention to support the currency over the past month, thanks to the level of foreign deposit inflows, whereas previously it would largely step in to curb bigger swings, according to a person familiar with the matter.

Foreign portfolio investors (FPIs) have pumped in Rs 27,186 crore ($2.849 billion) so far in August 2026 in the Indian equity markets according to the latest data with National Securities Depository Services Ltd (NSDL), marking the second consecutive month of foreign portfolio investor (FPI) inflows.

The net inflow in August is the highest since September 2024, when FPIs had pumped in Rs 57,724 crore ($6.890 billion) in Indian equities.

The death toll in the massive flash floods in Nepal on Thursday rose to 270, as authorities in Nepal race against time to find thousands of missing people, including 288 Indian tourists, in one of the country's worst disasters in recent years.

The flash floods on Wednesday wreaked havoc across three districts in Nepal.

As RBI's concessional swap window draws to a close this month end, State Bank of India (SBI) Chairman C S Setty has expressed confidence that the bank would garner about $10 billion from non-resident Indians and foreign investors.

"In aggregate, we must be reaching the $10 billion mark, predominantly coming from the deposit side. But there is visibility of ECBs.

Tata Communications and Tata Motors Passenger Vehicles (TMPV) on Tuesday announced a collaboration to equip the Sierra.ev with in-built 5G cellular connectivity, a move aimed at accelerating the deployment of Software-Defined Vehicles (SDVs) in India.

Under the partnership, the Tata Communications MOVE Connected Vehicle Platform will be integrated with the car's SDV platform N.IO. The integration will provide seamless connectivity and digital-first in-vehicle experiences, a joint statement said.

Transfer of all Defence Research and Development Organisation (DRDO)-developed conventional missile system technologies to India’s private defence industry for domestic production was approved on Tuesday by Defence Minister Rajnath Singh, in a bid to transition these weapons from development to production.

Wind turbine maker Suzlon on Tuesday said it has secured a new wind energy order of 250 MW from Torrent Green Energy.

This sixth order from Torrent takes the cumulative partnership between the two companies to over 1.3 GW across three key states - Gujarat, Karnataka, and Madhya Pradesh, a company statement said.

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