SKF India has announced plans to invest Rs. 1,460 crore over the next decade to expand manufacturing capacities, enhance technological capabilities, and strengthen its presence in domestic and international markets. The investment will focus on modernizing plants, adopting Industry 4.0 solutions, and boosting research and development in high-precision bearings and related products. Analysts note that this strategic allocation underscores SKF’s long-term commitment to India, aligning with the country’s growing industrial and automotive sectors.

The Securities and Exchange Board of India (Sebi) has granted approval to Nuvama Asset Management Company to launch its mutual fund operations, marking a significant expansion of the company’s financial services footprint. The move enables Nuvama to offer a range of mutual fund products across equity, debt, and hybrid categories, targeting both retail and institutional investors. Industry analysts note that the entry of Nuvama could intensify competition, foster innovation in fund offerings, and broaden investor choice.

The government has announced an expansion of the National Pension System (NPS) to increase participation among women and self-employed individuals, two segments historically underrepresented in formal retirement planning. This initiative aims to enhance financial security, retirement preparedness, and long-term savings for these groups. Policy measures include simplified enrollment processes, targeted awareness campaigns, and incentives to encourage regular contributions.

Indian Overseas Bank (IOB) has announced the waiver of minimum balance charges across its savings account portfolio, aiming to improve customer accessibility and financial inclusion. The move allows account holders to maintain flexibility in their banking without incurring penalties, particularly benefiting salaried individuals, students, and low-income customers. Bank officials highlight that this initiative aligns with IOB’s strategy to enhance customer experience, promote digital banking adoption, and remain competitive in an increasingly crowded retail banking sector.

India is aiming to attract $250 billion in investments from countries within the European Free Trade Association (EFTA), according to Commerce and Industry Minister Piyush Goyal. The announcement underscores India’s strategy to deepen trade and investment ties with EFTA nations, including Switzerland, Norway, Iceland, and Liechtenstein, as part of a broader effort to enhance foreign capital inflows and technology collaboration. Goyal highlighted sectors such as renewable energy, pharmaceuticals, high-end manufacturing, and digital technology as potential areas for large-scale investment.

The Ministry of Petroleum and Natural Gas has officially opened applications for the top executive role at Bharat Petroleum Corporation Ltd. (BPCL), one of India’s leading state-owned oil companies. The position, which holds significant strategic and operational responsibilities, will oversee refining, marketing, and downstream operations, as well as steer BPCL’s investment and expansion strategies. The invitation for applications marks a crucial step in shaping leadership at a key PSU amid ongoing reforms in India’s energy sector.

Gold prices in Delhi have experienced a notable decline after reaching record highs, reflecting shifts in global commodity trends and domestic market dynamics. The recent correction comes amid easing inflation expectations, a stronger rupee, and subdued demand from jewelers and investors following the peak rally. Analysts suggest that while gold remains a preferred hedge against economic uncertainty, short-term volatility is likely as markets recalibrate after unprecedented price movements.

Sharvil Patel has been appointed as the new president of the Indian Pharmaceutical Association (IPA), marking a pivotal moment in the country’s pharmaceutical sector leadership. With extensive experience in corporate governance, healthcare strategy, and regulatory affairs, Patel is expected to steer the association toward enhancing industry standards, fostering innovation, and promoting policy advocacy. His tenure comes at a time when the Indian pharmaceutical industry is navigating global competition, regulatory reforms, and opportunities in biotechnology and generic drug markets.

India’s foreign exchange reserves have fallen to USD 700.2 billion, reflecting ongoing pressures from global economic volatility and domestic currency interventions. The Reserve Bank of India (RBI) has been actively managing forex assets to stabilize the rupee, amid concerns over capital outflows and fluctuating crude oil prices. Analysts note that while the reserves remain robust by historical standards, the decline highlights the challenges of maintaining external liquidity in a complex macroeconomic environment.

The High Court has dismissed Anil Ambani’s plea challenging the proceedings initiated by the State Bank of India (SBI) in a high-profile financial fraud case. The court’s decision marks a significant development in ongoing legal scrutiny over the Reliance Group’s financial dealings, reaffirming the banking regulator’s authority in pursuing recovery actions. Ambani, who has faced mounting financial and legal challenges, sought relief against alleged irregularities in loan disbursements and debt management.