Despite being at the epicenter of India’s pollution crisis, Delhi and several other Indian cities have significantly underutilized the financial support extended to them under the National Clean Air Programme (NCAP). Launched in 2019 with the ambitious goal of curbing particulate matter (PM10) levels by 40% across 130 high-risk urban areas by 2026, the program has faced severe implementation gaps. Official records reveal that Delhi has spent just 32.65% of its allocation, while 13 other cities have similarly lagged. Overall, only 71% of the Rs.

In a strategic consolidation move, Jio Financial Services Ltd (JFSL) has acquired the remaining 17.8% stake in Jio Payments Bank Ltd from State Bank of India (SBI) for Rs. 104.54 crore, making the digital banking arm a wholly-owned subsidiary. The transaction, completed following approval from the Reserve Bank of India on June 4, involved the purchase of 7.91 crore equity shares.

Rachit Prints, a specialty fabric manufacturer based in Meerut, has secured in-principle approval from the BSE SME platform to launch an initial public offering (IPO) worth approximately Rs. 19.5 crore. The offering, comprising a fresh issue of 13.08 lakh equity shares, will be conducted via the book-building route. Proceeds from the issue will primarily fund working capital, business expansion, loan prepayment, and general corporate needs. Founded in 2003, the company operates a B2B model serving leading mattress brands like Sleepwell and Kurlon.

Tata Consumer Products Ltd. (TCPL), the Tata Group’s fast-growing FMCG arm, is reinforcing its growth strategy by balancing bold acquisitions with a disciplined focus on organic expansion. In its annual general meeting, company leadership confirmed its openness to acquiring synergistic brands, while highlighting the ongoing integration of Capital Foods and Organic India, purchased for a combined Rs. 7,000 crore. TCPL is also eyeing higher margins in tea and double-digit growth in coffee.

An IndiGo flight en route to Leh was compelled to return to Delhi on Thursday morning after encountering a technical malfunction mid-flight. The Airbus A320, operating as flight 6E2006, had been airborne for more than two hours before it made a precautionary return to the national capital. While no injuries or onboard emergencies were reported, the incident underscores the aviation industry's ongoing challenges with operational safety and equipment reliability.

In a significant boost to its fee-based services portfolio, Welcure Drugs & Pharmaceuticals Ltd has entered into a definitive sourcing and procurement mandate with Thailand-based Fortune Sagar Impex Company, valued at Rs. 517 crore. The agreement positions Welcure as a third-party procurement intermediary for multiple finished dosage SKUs and is structured around a 5% commission model. The transaction is expected to yield an estimated Rs. 25.85 crore in service income for FY 2025–26.

In a strategic push to accelerate electric mobility in India, Tata Elxsi has partnered with German semiconductor powerhouse Infineon Technologies to co-develop pre-integrated, application-ready EV solutions across multiple vehicle categories. The collaboration will focus on delivering high-voltage inverters, scalable battery management systems, onboard chargers, and thermal management platforms tailored for India's diverse automotive segments—including two-wheelers, three-wheelers, passenger, and commercial vehicles.

In a candid revelation that blends vulnerability with resilience, filmmaker and author Tahira Kashyap opened up about the financial turbulence she faced in the early days of her marriage to Bollywood actor Ayushmann Khurrana. Despite being newlyweds and deeply in love, the couple grappled with monetary constraints after moving to Mumbai, where Tahira, lacking employment at the time, found her savings depleted within a year.

In a landmark move aimed at fortifying cybersecurity and digital trust in the Asia-Pacific region, Google has inaugurated the Google Safety Engineering Centre (GSEC) in Hyderabad, India. This facility—Google’s first of its kind in APAC and fourth globally—signals the tech giant’s deepening investment in India’s digital ecosystem. Unveiled by Telangana Chief Minister Anumula Revanth Reddy, GSEC India will spearhead innovation in online safety, privacy engineering, and responsible AI development.

The Reserve Bank of India (RBI) announced an improvement in the Supervisory Data Quality Index (sDQI) of commercial banks, which rose to 89.3 in March 2025, up from 88.6 a year earlier. The sDQI, developed to monitor data integrity across key financial parameters, is a critical metric that evaluates the accuracy, timeliness, completeness, and consistency of financial reporting by banks.