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Bandhan Bank has entered into a strategic partnership with Centrum Finverse Limited, the full-service brokerage arm of the Centrum Group, to launch an integrated 3-in-1 account that combines banking, demat and trading services on a single platform. The collaboration aims to simplify the investment journey for customers by offering a seamless, paperless account-opening process supported by Bandhan Bank’s extensive branch network and digital platforms. Through the unified platform, customers will gain access to a wide range of investment opportunities, including equities, IPOs, derivatives, ETFs and indices, along with advanced trading features such as chart-based execution, algorithmic strategies and margin leverage.…

Reliance Industries Limited (RIL) on Wednesday announced a strategic partnership with Meta Platforms to develop a 168 MW AI-enabled data centre in Jamnagar, Gujarat, marking Meta’s first built-to-suit data centre capacity in India and a major boost to the country’s ambitions of becoming a global artificial intelligence infrastructure hub. Under the agreement, Meta will lease capacity from the facility, which is expected to be delivered within two years with an option for future scaling. The data centre will support Meta’s global infrastructure, core business operations and growing AI compute requirements, while strengthening its long-standing partnership with Reliance across connectivity, commerce…

Adani Energy Solutions Limited (AESL) has signed a binding securities purchase and subscription agreement to acquire a 100% equity stake in IntelliSmart Infrastructure Private Limited for a total consideration of ₹3,050 crore. IntelliSmart, one of India’s top three smart metering operators, was established as a prominent joint venture between the sovereign-linked National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The multi-crore transaction includes the total buyout of IntelliSmart's equity share capital alongside the complete redemption of optionally convertible debentures held by NIIF. The absolute finalization of the cash-based deal remains subject to customary closing conditions and…

The number of PM Ujjwala Yojana scheme cylinders has been reduced from 9 to 4 per year. Under this scheme, poor consumers used to receive 9 cylinders a year at a subsidized price, with a concession of ₹300 on each cylinder.That means such beneficiaries only had to pay ₹642 per cylinder. However, due to a shortage of cooking gas caused by the war in West Asia, the Center has decided to reduce the 9 cylinders provided to the poor to four.

India's largest steelmaker by capacity, JSW Steel, has reported a robust 15 percent year-on-year jump in consolidated crude steel production for May, reaching 2.29 million tonnes. According to an official company statement, the growth was primarily driven by the full resumption of operations at its Dolvi plant and a successful ramp-up at JVML. Production from domestic operations alone rose 15 percent to 2.19 million tonnes, while the company's US facility in Ohio registered a 20 percent output increase to 950,000 tonnes. This substantial production surge was achieved despite a major planned outage at the company’s flagship Vijayanagar facility in Karnataka.…