Goyal Salt is charting an ambitious course for growth, aiming to more than double its revenue to Rs. 275 crore within the next two years. This bullish outlook follows the inauguration of the company’s new high-capacity salt production facility in Gandhidham, Gujarat—touted as the largest natural salt plant in India. With increased production capabilities, enhanced branding strategies, and geographical expansion into western and eastern markets, Goyal Salt is positioning itself for significant market share gains.

India’s mutual fund industry witnessed an extraordinary surge in assets under management (AUM), crossing Rs 65.74 lakh crore in fiscal year 2024-25—a remarkable 23% increase year-on-year. This growth was fueled by strong net inflows totaling Rs 8.15 lakh crore and significant mark-to-market (MTM) gains amid buoyant equity and debt markets. Equity-oriented schemes emerged as dominant performers with record inflows and expanding investor participation, while systematic investment plans (SIPs) continued their upward trajectory.

In a key development concerning IDBI Bank’s boardroom composition, Raj Kumar, the nominee director representing Life Insurance Corporation of India (LIC), vacated his seat effective May 18, 2025, upon completion of his tenure. Kumar’s exit marks a notable shift, given LIC’s significant ownership in the bank. Together with the Government of India, LIC holds a combined 94.71% stake, with the insurer controlling a little over 49% and the government holding 45.48%. The announcement, filed with exchanges on Monday, comes amid continued market interest in the bank’s strategic roadmap.

In a significant development reflecting shareholder assertiveness, IDFC First Bank’s proposal to amend its Articles of Association to allow a board seat nomination by Warburg Pincus affiliate Currant Sea Investments BV failed to secure the necessary backing. Despite a Rs. 4,876 crore preferential equity investment proposal, the special resolution garnered only 64.10% approval—well short of the 75% threshold mandated for such changes. While retail investors strongly supported the move, a majority of institutional stakeholders voted against it.

Insecticides (India) Ltd (IIL), a key player in the agrochemical industry, has announced a bold plan to expand its footprint in Madhya Pradesh by setting a revenue target of Rs 200 crore for the current fiscal year. The state, which saw agrochemical sales of around Rs 2,000 crore in the last financial year, currently contributes Rs 150 crore to IIL’s revenues. The company aims to scale this up by launching new products tailored to local agricultural needs, including the herbicide 'Torry Super' for maize crops—a strategic move to tap into the state's thriving maize cultivation ecosystem.

Uber has launched metro ticketing services through its app, in partnership with the Open Network for Digital Commerce (ONDC), starting with Delhi Metro. This initiative marks Uber’s first integration with India’s Digital Public Infrastructure, enabling users to plan metro journeys, purchase QR-code-based tickets, and access real-time transit updates. The rollout, announced during CEO Dara Khosrowshahi’s visit to India, underscores Uber’s broader commitment to inclusive and multimodal urban mobility.

Tata Motors is poised to launch its most advanced and premium electric vehicle to date—the Tata Harrier EV—on June 3, 2025. Showcased earlier at the Bharat Mobility Expo, the production-ready electric SUV is set to become a cornerstone in Tata’s next-generation EV lineup. With an expected range of 500 kilometers, dual-motor all-wheel drive (AWD), and features such as vehicle-to-load (V2L), vehicle-to-everything (V2X), and an autonomous parking system, the Harrier EV is designed to compete aggressively in the mid-premium electric SUV segment. Projected to be priced between Rs.

The Indian National Congress has intensified its critique of the Narendra Modi-led government, alleging that citizens are suffering under the combined weight of persistent inflation and an increasing tax burden. In a pointed public statement, senior Congress leader Jairam Ramesh accused the administration of exacerbating economic hardship for the common citizen through rising living costs and indirect taxation.

India’s IPO market, which witnessed a sluggish start in early 2025, is regaining steam with six main-board companies preparing to go public this month, aiming to collectively raise Rs. 11,669 crore. Leading the pack is Schloss Bangalore Ltd., the owner of the iconic Leela hotel chain, with a Rs. 5,000 crore offering. Other notable entrants include Borana Weaves, Belrise Industries, Aegis Vopak Terminals, ArisInfra Solutions, and Scoda Tubes. This revival comes after a blockbuster 2024 but reflects investor caution amid global and domestic volatility.

Hyperlocal e-commerce platform magicpin is accelerating its foray into quick commerce through its express delivery service, magicNow. Launched in September 2024, the 15-minute food delivery vertical already contributes 13% to the company’s food business. Founder and CEO Anshoo Sharma projects this share to reach 20% by the end of the fiscal year, reflecting growing consumer preference for ultra-fast deliveries. magicNow’s expansion from 6 to 20 cities and a rapid surge in merchant partnerships—from 3,000 to over 21,000—underscore its momentum.