Vedanta Ltd., led by billionaire industrialist Anil Agarwal, has divested a 1.6% stake in its subsidiary Hindustan Zinc Ltd. (HZL), raising approximately Rs. 3,028 crore. The move, aimed at strengthening the company’s balance sheet, comes amid an ambitious corporate demerger plan that will separate Vedanta’s diversified business lines into standalone entities. The proceeds from the stake sale are expected to provide liquidity, reduce debt, and empower the new units with greater financial autonomy. Simultaneously, Vedanta announced a Rs.

In a bold move to scale up its MSME lending operations, non-banking financial company UGRO Capital Ltd has announced the acquisition of Profectus Capital Pvt Ltd for Rs. 1,400 crore in an all-cash transaction. The acquisition, funded through UGRO’s recent equity raise, will transform Profectus into a wholly owned subsidiary. With Profectus’s Rs.

As India confronts a rising tide of cyber fraud and AI-enabled deception, Google has launched a comprehensive Safety Charter tailored specifically for the Indian digital ecosystem. Announced at the Safer with Google India Summit, the initiative targets online scams, synthetic content, and cybersecurity vulnerabilities by integrating AI-driven tools and partnerships. Central to Google’s approach is the principle that digital trust must be foundational—not an afterthought.

The Unique Identification Authority of India (UIDAI) has extended its free online document update facility for Aadhaar holders until June 14, 2026. This initiative, available exclusively through the myAadhaar portal, encourages residents to maintain accurate and current demographic records by uploading valid proof of identity and address documents. The extended deadline aims to benefit millions of Indian citizens by facilitating easy and cost-free access to data updates in the national digital identity system.

A special CBI court in Mumbai has rejected the discharge plea of industrialist Abhay Lodha in a Rs. 74.82 crore bank fraud case involving UCO Bank, citing his pivotal role in the alleged conspiracy. Lodha, the managing director of Topworth Steels and Power Private Limited and promoter of the Topworth Group, is accused of orchestrating a fraudulent scheme using letters of credit (LCs) via a group entity, Akshata Mercantile Pvt. Ltd.

In a significant policy shift aimed at balancing domestic supply with export opportunities, the Indian government has authorized the export of up to 25,000 metric tonnes of pharmaceutical-grade sugar per financial year. The export will be restricted exclusively to bona fide pharmaceutical manufacturers under a controlled authorization system.

In a major leap for animal health and rural economic stability, Punjab’s Animal Husbandry Department has vaccinated over 57.84 lakh cattle and buffaloes against foot-and-mouth disease (FMD), achieving a near-universal coverage rate of 99.56%. The large-scale immunization campaign was executed free of cost at farmers’ doorsteps by nearly 900 dedicated veterinary teams. This sweeping effort underscores the state government’s commitment to safeguarding livestock, mitigating disease-related economic losses, and supporting Punjab’s agrarian backbone.

ArisInfra Solutions Ltd, a tech-driven B2B construction procurement firm, has raised Rs. 225 crore from prominent anchor investors ahead of its upcoming initial public offering (IPO) slated to open on June 18. The IPO, valued at nearly Rs. 500 crore, is entirely a fresh issue and aims to fund working capital requirements, invest in subsidiaries, repay debt, and support general corporate activities. With the upper price band pegging the company’s valuation at approximately Rs.

In a strategic policy push aimed at redefining the contours of rural finance, NABARD's Deputy Managing Director, Ajay Kumar Sood, called on Indian banks to pivot from conventional production-centric lending toward more holistic, market-aligned approaches such as value chain financing and aggregation. During a high-level interaction with key stakeholders, including officials from commercial, cooperative, and regional rural banks, Sood emphasized the importance of integrated rural credit delivery systems, supported by digital infrastructure and ecosystem-wide reforms.

In a concerted effort to fast-track investigations into financial fraud within India’s banking sector, the Central Bureau of Investigation (CBI) has called upon public sector banks to accelerate their internal sanctioning processes. The appeal was made during a key coordination meeting held in Bengaluru between the CBI, the Department of Financial Services (DFS), and Chief Vigilance Officers (CVOs) of public sector banks.