Delhi’s financial performance in fiscal year 2023–24 revealed a sharp 55% decline in its revenue surplus, falling to Rs. 5,426 crore from Rs. 12,889 crore the previous year. This contraction signals increasing fiscal pressure, primarily due to elevated spending across public welfare schemes and infrastructure initiatives. While the capital continues to maintain a surplus, the steep reduction underscores the mounting challenge of balancing developmental ambitions with fiscal prudence.

In a pivotal leadership move, PB Balaji has been named the new Chief Executive Officer of Jaguar Land Rover (JLR), a subsidiary of Tata Motors. Balaji, who currently serves as Group Chief Financial Officer at Tata Motors, is expected to assume his new role effective from December 1. His appointment comes as JLR accelerates its transition towards electrification, premium mobility solutions, and global market expansion.

IndusInd Bank has appointed Rajiv Anand as its new Managing Director and Chief Executive Officer, marking a significant transition in leadership. Anand, currently serving as the bank’s Deputy CEO, will step into the role for a three-year term following regulatory approval. This appointment follows the completion of tenure by Sumant Kathpalia and reflects the board’s confidence in Anand’s deep institutional knowledge and strategic alignment.

Pi42, India’s pioneering crypto-native trading platform, has unveiled its expansion strategy for Rajasthan as part of a broader effort to strengthen its national footprint. The company is targeting the onboarding of 1 lakh traders across the state, supported by a robust network of over 1,000 registered partners. This initiative underscores Pi42’s commitment to fostering regulated crypto futures trading and accelerating adoption among retail investors.

Former U.S. President Donald Trump has signaled his intent to reintroduce steep tariffs on Indian imports if re-elected, citing India’s continued purchase of discounted Russian oil. The move could significantly escalate trade tensions between Washington and New Delhi, potentially disrupting the strategic economic and diplomatic ties between the two democracies. Trump's proposal, presented as a response to what he describes as "unfair trade and geopolitical alignment," aims to penalize India for not aligning with Western sanctions against Moscow.

Aurobindo Pharma reported a 10% year-on-year decline in consolidated net profit for the first quarter of FY26, amounting to Rs. 824 crore. The fall in profit was primarily attributed to increased research and development expenditure and a rise in overall operating costs. Despite the dip in bottom-line performance, the company's revenue rose to Rs. 7,478 crore, marking a 16.5% increase compared to the same period last year.

India’s transition to electric mobility has taken a sharper turn with NITI Aayog advocating for a clearly defined National Electric Vehicle (EV) policy that includes measurable adoption targets and fiscal clarity. The think tank has urged the government to establish a uniform roadmap for EV growth across states, pushing for harmonized regulatory frameworks, production-linked incentives (PLIs), and coordinated infrastructure planning.

IndiGo, India’s largest airline by market share, has entered into a strategic partnership with ACL Airshop to enhance its unit load device (ULD) management system. This collaboration marks a significant step forward in operational efficiency, cargo handling, and global logistics coordination for IndiGo’s expanding cargo operations. Through advanced ULD tracking and leasing solutions provided by ACL Airshop, IndiGo aims to streamline its cargo infrastructure, reduce operational costs, and support its growth strategy in international markets.

In a significant crackdown, GST intelligence officials have exposed a large-scale fraudulent input tax credit (ITC) racket involving multiple firms operating in the iron and steel industry. The investigation revealed that bogus invoices amounting to hundreds of crores were generated to fraudulently claim ITC without actual movement of goods. Several shell entities, created with the sole purpose of evading taxes, are under scrutiny.

Mindspace Business Parks REIT reported a 24% year-on-year increase in its net operating income (NOI), reaching Rs. 616.4 crore for the first quarter of FY26. The strong performance reflects rising leasing activity, sustained demand for Grade-A office spaces, and improved portfolio occupancy. With a well-diversified asset base and growing rental income, the REIT has positioned itself as a resilient player in India’s commercial real estate sector.